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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›DRS›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

Leonardo DRS, Inc. (DRS) financials

Income statement

Leonardo DRS, Inc. (DRS) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.71B$2.78B$2.88B$2.69B$2.83B$3.23B$3.65B
Revenue growth—2.4%3.6%-6.5%4.9%14.4%12.8%
Gross profit$459M$494M$547M$575M$648M$736M$869M
Gross margin16.9%17.8%19.0%21.4%22.9%22.8%23.8%
Operating income$163M$181M$236M$561M$231M$293M$348M
Operating margin6.0%6.5%8.2%20.8%8.2%9.1%9.5%
Net income$75.0M$85.0M$154M$405M$168M$213M$278M
Net margin2.8%3.1%5.3%15.0%5.9%6.6%7.6%
EPS (diluted)$0.52$0.40$0.73$1.88$0.64$0.80$1.03

Cash flow

Leonardo DRS, Inc. (DRS) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$157M$125M$178M$33.0M$205M$271M$366M
Capital expenditures$55.0M$56.0M$60.0M$65.0M$60.0M$85.0M$139M
Free cash flow$102M$69.0M$118M-$32.0M$145M$186M$227M
Share buybacks————$0.00$0.00$35.0M
Dividends paid—$0.00$0.00$396M$0.00$0.00—

Balance sheet

Leonardo DRS, Inc. (DRS) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$85.0M$61.0M$240M$306M$467M$598M$647M
Total assets—$2.96B$3.07B$3.68B$3.92B$4.18B$4.49B
Long-term debt——$393M$396M$407M$366M$348M
Shareholders' equity$1.02B$1.43B$1.59B$2.13B$2.33B$2.56B$2.73B
Retained earnings—-$3.14B-$2.98B-$2.97B-$2.81B-$2.59B-$2.31B
Shares (wtd avg diluted)—210M210M215M264M268M269M

Every figure is extracted from Leonardo DRS, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Leonardo DRS, Inc.'s annual revenue?
Leonardo DRS, Inc. (DRS) reported $3.65B of revenue for fiscal year 2025 — up 12.8% from $3.23B in FY2024, per its annual report filed with the SEC.
Is Leonardo DRS, Inc. profitable?
Yes — DRS earned $278M of net income in FY2025, a 7.6% net margin, per SEC filings.
What is Leonardo DRS, Inc.'s free cash flow?
$227M in FY2025 (operating cash flow $366M minus $139M of capital expenditures), from the SEC cash-flow statement.
Does DRS pay a dividend?
Leonardo DRS, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full DRS analysis — verdict, score & filings →Is DRS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.