7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3.6B | $278M | 23.8% | 9.5% | $227M | $353M | $647M |
| 2024 | $3.2B | $213M | 22.8% | 9.1% | $186M | $370M | $598M |
| 2023 | $2.8B | $168M | 22.9% | 8.2% | $145M | $442M | $467M |
| 2022 | $2.7B | $405M | 21.4% | 20.8% | -$32M | $406M | $306M |
| 2021 | $2.9B | $154M | 19.0% | 8.2% | $118M | $408M | $240M |
| 2020 | $2.8B | $85M | 17.8% | 6.5% | $69M | — | $61M |
| 2019 | $2.7B | $75M | 16.9% | 6.0% | $102M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $846M | $62M | 25.1% | 9.1% | -$96M | — | $328M |
| Dec '25 | $1.1B | $102M | 25.4% | 11.9% | $376M | $353M | $647M |
| Sep '25 | $960M | $72M | 23.1% | 9.7% | $77M | — | $309M |
| Jun '25 | $829M | $54M | 23.8% | 8.4% | -$56M | — | $278M |
| Mar '25 | $799M | $50M | 22.7% | 7.4% | -$170M | — | $380M |
| Dec '24 | $981M | $89M | 24.0% | 12.2% | $414M | $370M | $598M |
| Sep '24 | $812M | $57M | 22.0% | 9.2% | $47M | — | $198M |
| Jun '24 | $753M | $38M | 22.4% | 7.3% | $0 | — | $149M |
| Mar '24 | $688M | $29M | 22.2% | 6.3% | -$275M | — | $160M |
| Dec '23 | $926M | $74M | 22.7% | 11.3% | $497M | $442M | $467M |
| Sep '23 | $703M | $47M | 23.0% | 8.4% | $21M | — | $47M |
| Jun '23 | $628M | $35M | 23.1% | 6.7% | -$24M | — | $35M |
| Mar '23 | $569M | $12M | 23.0% | 4.4% | -$349M | — | $174M |
| Dec '22 | $820M | $65M | 22.4% | 10.6% | $249M | $406M | $306M |
| Sep '22 | $634M | $279M | 20.5% | 59.3% | -$17M | — | $63M |
| Jun '22 | $627M | $25M | 20.3% | 6.7% | $4M | — | $69M |
| Mar '22 | $612M | $36M | 21.9% | 9.2% | -$268M | — | $113M |
| Dec '21 | $820M | $58M | 18.7% | 9.9% | $271M | $408M | $240M |
| Sep '21 | $720M | $35M | 18.2% | 7.4% | $61M | — | $78M |
| Jun '21 | $658M | $32M | 19.3% | 7.8% | $48M | — | $91M |
How the market has priced DRS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Leonardo Drs, Inc.'s revenue has grown 5.6% per year, and net income grown 26.7% per year. These are computed facts, not advice.
As of FY2025, Leonardo Drs, Inc. reported $353M of total debt against $647M of cash.
In FY2025, gross margin was 23.8%, operating margin 9.5%, and net margin 7.6%.
As of Jun '26, Leonardo Drs, Inc. traded at a price-to-earnings ratio of about 42.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.