Leonardo Drs, Inc. (DRS) Financial Statements
Leonardo Drs financial statements at a glance
Leonardo Drs reported revenue of $3.65 billion for fiscal year 2025 (ended December 31, 2025), up 12.8% from fiscal year 2024. Net income was $278.00 million, a net margin of 7.6%, and diluted earnings per share were $1.03.
At the end of fiscal year 2025 it had total assets of $4.49 billion, total liabilities of $1.76 billion and shareholders' equity of $2.73 billion, with cash and short-term investments of $647.00 million and total debt of $470.00 million.
Its operations brought in $366.00 million of cash; capital spending was $139.00 million, leaving free cash flow of $227.00 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Leonardo Drs, Inc.
Income Statement
Annual • USD
Leonardo Drs key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.2B | $2.8B | $2.7B | $2.9B |
| Gross profit | $869.0M | $736.0M | $648.0M | $575.0M | $547.0M |
| Operating income | $348.0M | $293.0M | $231.0M | $561.0M | $236.0M |
| Net income | $278.0M | $213.0M | $168.0M | $405.0M | $154.0M |
| Diluted EPS | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 |
| Total assets | $4.5B | $4.2B | $3.9B | $3.7B | $3.1B |
| Total liabilities | $1.8B | $1.6B | $1.6B | $1.6B | $1.5B |
| Shareholders' equity | $2.7B | $2.6B | $2.3B | $2.1B | $1.6B |
| Cash and short-term investments | $647.0M | $598.0M | $467.0M | $306.0M | $240.0M |
| Total debt | $470.0M | $458.0M | $497.0M | $487.0M | $490.0M |
| Operating cash flow | $366.0M | $271.0M | $205.0M | $33.0M | $178.0M |
| Capital spending | $139.0M | $85.0M | $60.0M | $65.0M | $60.0M |
| Free cash flow | $227.0M | $186.0M | $145.0M | -$32.0M | $118.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2018.
Questions and answers
What was Leonardo Drs's revenue in fiscal year 2025?
$3.65 billion, up 12.8% from $3.23 billion in fiscal year 2024.
How much profit does Leonardo Drs make?
Leonardo Drs reported net income of $278.00 million for fiscal year 2025 (7.6% of revenue); operating income was $348.00 million.
How much cash and debt does Leonardo Drs have?
At the end of fiscal year 2025: cash and short-term investments of $647.00 million and total debt of $470.00 million.
What is Leonardo Drs's free cash flow?
$227.00 million in fiscal year 2025 (operating cash flow of $366.00 million minus capital spending of $139.00 million).
