Leonardo DRS, Inc. financials

  1. Home
  2. Financials
  3. DRS
DRS CIK 0001833756

Source: EDGAR filings · Built 2026-06-02T02:51:11Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Free Cash Flow 217.00M 177.00M 137.00M -37.00M 113.00M 65.00M
EBITDA 441.00M 384.00M 316.00M 626.00M 294.00M 234.00M
Working Capital 1.09B 1.05B 840.00M 665.00M 400.00M 288.00M
Net Debt -70.00M -26.00M 224.00M 354.00M 426.00M 496.00M
Gross Margin 23.82% 22.76% 22.93% 21.35% 19.00% 17.78%
Operating Margin 9.54% 9.06% 8.17% 20.83% 8.20% 6.52%
Net Margin 7.62% 6.59% 5.94% 15.04% 5.35% 3.06%
Return on Equity (ROE) 10.18% 8.33% 7.23% 19.04% 9.67% 5.96%
Return on Assets (ROA) 6.20% 5.09% 4.28% 11.01% 5.02% 2.88%
Current Ratio 1.89× 1.94× 1.78× 1.64× 1.40× 1.30×
Debt-to-Equity 0.21× 0.22× 0.30× 0.31× 0.42× 0.39×
Effective Tax Rate 17.26% 19.32% 12.50% 22.86% 23.00% 24.11%
Cash Conversion Ratio 1.32× 1.27× 1.22× 0.08× 1.16× 1.47×
Accruals Ratio -0.02× -0.01× -0.01× 0.10× -0.01× -0.01×
SBC % of Revenue 0.88% 0.68% 0.60% 0.19% 0.00% 0.00%
CapEx Coverage 2.46× 2.88× 3.01× 0.47× 2.74× 2.08×
Free Cash Flow Per Share $0.81 $0.66 $0.52 $-0.17 $0.54 $0.31

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
P/E Trailing (Diluted) 33.10× 40.39× 31.31× 6.80× 12.90× 24.38×
P/FCF 42.21× 48.87× 38.65× — 17.51× 31.50×
FCF Yield 2.37% 2.05% 2.59% — 5.71% 3.17%
EV / EBITDA 20.39× 22.23× 17.36× 5.88× 9.79× 8.16×
P/S 2.48× 2.65× 1.86× 1.24× 0.85× 0.51×
P/B 3.32× 3.35× 2.26× 1.56× 1.54× 0.99×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Revenue from Contract with Customer, Excluding Assessed Tax 3.65B 3.23B 2.83B 2.69B 2.88B 2.78B
Cost of Revenue 2.78B 2.50B 2.18B 2.12B 2.33B 2.28B
Gross Profit 869.00M 736.00M 648.00M 575.00M 547.00M 494.00M
Research and Development Expense 129.00M 92.00M 82.00M 58.00M 48.00M 41.00M
Operating Income (Loss) 348.00M 293.00M 231.00M 561.00M 236.00M 181.00M
Income Tax Expense (Benefit) 58.00M 51.00M 24.00M 120.00M 46.00M 27.00M
Net Income (Loss) Attributable to Parent 278.00M 213.00M 168.00M 405.00M 154.00M 85.00M
Earnings Per Share, Basic $1.05 $0.81 $0.64 $1.88 $0.73 $0.40
Weighted Average Number of Shares Outstanding, Basic 265.90M 263.70M 261.50M 214.90M 210.00M 210.00M
Earnings Per Share, Diluted $1.03 $0.80 $0.64 $1.88 $0.73 $0.40
Weighted Average Number of Shares Outstanding, Diluted 268.70M 267.70M 264.20M 215.10M 210.00M 210.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Cash and Cash Equivalents, at Carrying Value 647.00M 598.00M 467.00M 306.00M 240.00M 61.00M
Assets, Current 2.33B 2.16B 1.92B 1.71B 1.39B 1.26B
Assets 4.49B 4.18B 3.92B 3.68B 3.07B 2.96B
Long-term Debt 348.00M 366.00M 407.00M 396.00M 393.00M —
Liabilities, Current 1.23B 1.12B 1.08B 1.04B 989.00M 975.00M
Stockholders' Equity Attributable to Parent 2.73B 2.56B 2.33B 2.13B 1.59B 1.43B
Common Stock, Shares, Outstanding 265.82M 265.06M 262.53M 260.23M 260.23M 145.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Net Cash Provided by (Used in) Operating Activities 366.00M 271.00M 205.00M 33.00M 178.00M 125.00M
Payments to Acquire Property, Plant, and Equipment 139.00M 85.00M 60.00M 65.00M 60.00M 56.00M
Net Cash Provided by (Used in) Investing Activities -154.00M -84.00M -59.00M 436.00M 39.00M -70.00M
Payments for Repurchase of Common Stock 35.00M 0 0 — — —
Payments of Dividends — 0 0 396.00M 0 0
Net Cash Provided by (Used in) Financing Activities -163.00M -56.00M 15.00M -403.00M -38.00M -80.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Loading filing details…

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (DRS CIK 0001833756), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

Related tickers

NCLH

NORWEGIAN CRUISE LINE HOLDINGS LTD.

VMD

Viemed Healthcare, Inc.

DOCS

Doximity, Inc.