Leonardo DRS, Inc.
DRSNasdaq
$44.14
↑ +2.4%Jul 17 close · end-of-day
Price
1Y↓ -7.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$11.9B
Enterprise Value
$11.7B
P/E
41.3
P/S
3.2
P/B
4.3
EV/EBITDA
25.4
PEG
—
FCF Yield
2.5%
Dividend Yield
0.8%
Revenue (TTM)
$3.7B
Net Income (TTM)
$290.0M
Free Cash Flow (TTM)
$301.0M
Gross Margin
24.4%
Operating Margin
9.9%
Net Margin
7.8%
ROE
10.5%
ROIC
11.5%
Debt / Equity
0.1
Net Cash
$177.0M
Return 1Y
-7.9%
Company profile
DRS is a leading provider of defense products and technologies that are used across land, air, sea, space and cyber domains. Our diverse array of defense systems and solutions is offered to all branches of the U.S. military, major aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms. We are a Delaware corporation. Our principal executive offices are located at 2345 Crystal Drive Suite 1000, Arlington, Virginia.
- CEO
- William J. Lynn
- Sector
- Manufacturing
- Industry
- Electronic Equipment
- Employees
- 6,580
- Headquarters
- Virginia
- Website
- www.leonardodrs.com
Management & directors
- Rinsky JasonEVP Chief Tax and Treasury
- Baylouny JohnPresident and CEO
- Wallace SallyEVP, Chief Operating Officer
- Dippold MichaelEVP and CFO
- Dorfman MarkEVP, GC and Secretary
- Morrow PamelaSVP and Controller
- Lynn William IiiChief Executive Officer
Roles derived from SEC Form 4 filings.
Earnings
DRS Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$846.0M↑ +5.9%
Diluted EPS$0.23↑ +21.1%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $2.7B | $2.8B | $3.2B | $3.6B |
| Gross profit | $494.0M | $547.0M | $575.0M | $648.0M | $736.0M | $869.0M |
| Operating income | $181.0M | $236.0M | $561.0M | $231.0M | $293.0M | $348.0M |
| Net income | $85.0M | $154.0M | $405.0M | $168.0M | $213.0M | $278.0M |
| Diluted EPS | $0.40 | $0.73 | $1.88 | $0.64 | $0.80 | $1.03 |
| Operating cash flow | $125.0M | $178.0M | $33.0M | $205.0M | $271.0M | $366.0M |
| Free cash flow | $69.0M | $118.0M | -$32.0M | $145.0M | $186.0M | $227.0M |
| Gross margin | 17.8% | 19.0% | 21.4% | 22.9% | 22.8% | 23.8% |
| Operating margin | 6.5% | 8.2% | 20.8% | 8.2% | 9.1% | 9.5% |
| Net margin | 3.1% | 5.3% | 15.0% | 5.9% | 6.6% | 7.6% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $753.0M | $812.0M | $981.0M | $799.0M | $829.0M | $960.0M | $1.1B | $846.0M |
| Gross profit | $169.0M | $179.0M | $235.0M | $181.0M | $197.0M | $222.0M | $269.0M | $212.0M |
| Operating income | $55.0M | $75.0M | $120.0M | $59.0M | $70.0M | $93.0M | $126.0M | $77.0M |
| Net income | $38.0M | $57.0M | $89.0M | $50.0M | $54.0M | $72.0M | $102.0M | $62.0M |
| Diluted EPS | $0.14 | $0.21 | $0.34 | $0.19 | $0.20 | $0.26 | $0.38 | $0.23 |
| Operating cash flow | $34.0M | $59.0M | $443.0M | -$138.0M | -$28.0M | $107.0M | $425.0M | -$66.0M |
| Free cash flow | $0.00 | $47.0M | $414.0M | -$170.0M | -$56.0M | $77.0M | $376.0M | -$96.0M |
| Gross margin | 22.4% | 22.0% | 24.0% | 22.7% | 23.8% | 23.1% | 25.4% | 25.1% |
| Operating margin | 7.3% | 9.2% | 12.2% | 7.4% | 8.4% | 9.7% | 11.9% | 9.1% |
| Net margin | 5.0% | 7.0% | 9.1% | 6.3% | 6.5% | 7.5% | 9.6% | 7.3% |
Company news
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-07 | Rinsky Jason· EVP Chief Tax and Treasury | Sale | 3,865 | $45.37 | $175,355.05 | filing |
| 2026-06-30 | TOWNSEND FRANCES F | Option exercise | 1,006 | $0.00 | $0.00 | filing |
| 2026-06-18 | Baylouny John· President and CEO | Sale | 36,471 | $45.67 | $1.7M | filing |
| 2026-06-11 | Wallace Sally· EVP, Chief Operating Officer | Sale | 1,300 | $50.00 | $65,000.00 | filing |
| 2026-06-08 | Dippold Michael· EVP and CFO | Sale | 8,318 | $46.48 | $386,620.64 | filing |
| 2026-06-04 | Dorfman Mark· EVP, GC and Secretary | Sale | 5,536 | $45.75 | $253,272.00 | filing |
| 2026-06-04 | GALLAGHER MARY E | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | Casey George | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | TOWNSEND FRANCES F | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | Jeffery Reuben III | Option exercise | 649 | $0.00 | $0.00 | filing |
| 2026-06-04 | Krieg Kenneth J | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | SALZMAN ERIC | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | Brothers Louis R Jr | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-04 | Baker Gail | Option exercise | 3,556 | $0.00 | $0.00 | filing |
| 2026-06-03 | Rinsky Jason· EVP Chief Tax and Treasury | Sale | 3,865 | $46.87 | $181,152.55 | filing |
| 2026-05-27 | Morrow Pamela· SVP and Controller | Sale | 11,545 | $45.13 | $521,025.85 | filing |
| 2026-05-19 | Jeffery Reuben III | Buy | 25,000 | $42.77 | $1.1M | filing |
| 2026-04-02 | Wallace Sally· EVP, Chief Operating Officer | Sale | 28,960 | $46.35 | $1.3M | filing |
| 2026-04-02 | Dippold Michael· EVP and CFO | Sale | 7,071 | $45.38 | $320,881.98 | filing |
| 2026-04-02 | Dorfman Mark· EVP, GC and Secretary | Sale | 4,659 | $45.38 | $211,425.42 | filing |
| 2026-04-01 | Baylouny John· President and CEO | Tax withholding | 17,555 | $45.86 | $805,072.30 | filing |
| 2026-04-01 | Dippold Michael· EVP and CFO | Tax withholding | 13,858 | $45.86 | $635,527.88 | filing |
| 2026-04-01 | Baylouny John· President and CEO | Tax withholding | 12,301 | $45.85 | $564,000.85 | filing |
| 2026-04-01 | Dippold Michael· EVP and CFO | Tax withholding | 10,093 | $45.86 | $462,864.98 | filing |
| 2026-04-01 | Dorfman Mark· EVP, GC and Secretary | Tax withholding | 9,956 | $45.86 | $456,582.16 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.