# Leonardo DRS, Inc. (DRS)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $13.34B  
**Price:** $49.66 (+7.71%)

> Leonardo DRS, Inc. is a leading U.S.-based defense contractor and technology innovator specializing in integrated products, services, and support for military forces, intelligence agencies, and defense contractors worldwide. The company delivers advanced solutions across key domains, including naval and maritime systems, ground combat mission command and network computing, global satellite communications and network infrastructure, avionics systems, intelligence and security solutions, power systems, and electro-optical/infrared systems. It serves both defense and commercial markets with high-performance technologies such as advanced sensing, network computing, electric power and propulsion, and force protection capabilities. As a prime contractor, Leonardo DRS, Inc. provides platform-agnostic systems, subsystems, and components fielded on military platforms globally, supporting missions in every domain from sea to air and space. Founded in 1969 and headquartered in Arlington, Virginia, it plays a vital role in enhancing national security and allied defense capabilities through innovative, agile engineering.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.65B | $869M | $348M | $278M | $1.03 |
| 2024 | $3.23B | $736M | $293M | $213M | $0.80 |
| 2023 | $2.83B | $648M | $231M | $168M | $0.64 |
| 2022 | $2.69B | $575M | $561M | $405M | $1.88 |
| 2021 | $2.88B | $547M | $236M | $154M | $0.73 |
| 2020 | $2.78B | $494M | $181M | $85M | $0.40 |
| 2019 | $2.71B | $459M | $163M | $75M | $0.52 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.49B | $1.76B | $2.73B | $647M | $348M |
| 2024 | $4.18B | $1.63B | $2.56B | $598M | $366M |
| 2023 | $3.92B | $1.60B | $2.33B | $467M | $407M |
| 2022 | $3.68B | $1.55B | $2.13B | $306M | $396M |
| 2021 | $3.07B | $1.48B | $1.59B | $240M | $393M |
| 2020 | $2.96B | $1.53B | $1.43B | $61M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $366M | $139M | $227M |
| 2024 | $271M | $85M | $186M |
| 2023 | $205M | $60M | $145M |
| 2022 | $33M | $65M | -$32M |
| 2021 | $178M | $60M | $118M |
| 2020 | $125M | $56M | $69M |
| 2019 | $157M | $55M | $102M |

Source: [CompaniesByCap](https://companiesbycap.com/company/DRS)