Leonardo DRS Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,569	3,234	2,826	2,693	2,879	2,778
Revenue Growth (YoY)	12.27%	14.44%	4.94%	-6.46%	3.64%	2.36%
Cost of Revenue	2,734	2,498	2,178	2,118	2,332	2,284
Gross Profit	835	736	648	575	547	494
Selling, General & Admin	469	414	384	330	293	283
Amortization of Goodwill & Intangibles	21	22	22	10	9	9
Other Operating Expenses	-1	-1	-	-2	4	-3
Operating Expenses	489	435	406	338	306	289
Operating Income	346	301	242	237	241	205
Interest Expense	-11	-21	-36	-34	-35	-64
Other Non Operating Income (Expenses)	-8	-8	-3	-2	-1	-5
EBT Excluding Unusual Items	327	272	203	201	205	136
Merger & Restructuring Charges	-4	-8	-11	-30	-5	-12
Gain (Loss) on Sale of Assets	-	-	-	354	-	-
Other Unusual Items	-	-	-	-	-	-12
Pretax Income	323	264	192	525	200	112
Income Tax Expense	58	51	24	120	46	27
Earnings From Continuing Operations	265	213	168	405	154	85
Net Income to Company	265	213	168	405	154	85
Net Income	265	213	168	405	154	85
Net Income to Common	265	213	168	405	154	85
Net Income Growth	33.84%	26.79%	-58.52%	162.99%	81.18%	13.33%
Shares Outstanding (Basic)	266	264	262	215	210	210
Shares Outstanding (Diluted)	269	268	264	215	210	210
Shares Change (YoY)	0.72%	1.32%	22.83%	2.43%	-	-0.21%
EPS (Basic)	1.00	0.81	0.64	1.88	0.73	0.40
EPS (Diluted)	0.99	0.80	0.64	1.88	0.73	0.40
EPS Growth	33.93%	25.00%	-65.96%	157.53%	82.50%	12.24%
Free Cash Flow	265	186	145	-32	118	69
Free Cash Flow Per Share	0.99	0.69	0.55	-0.15	0.56	0.33
Dividend Per Share	0.270	-	-	-	-	-
Gross Margin	23.40%	22.76%	22.93%	21.35%	19.00%	17.78%
Operating Margin	9.70%	9.31%	8.56%	8.80%	8.37%	7.38%
Profit Margin	7.42%	6.59%	5.95%	15.04%	5.35%	3.06%
Free Cash Flow Margin	7.42%	5.75%	5.13%	-1.19%	4.10%	2.48%
EBITDA	438	392	327	302	299	258
EBITDA Margin	12.27%	12.12%	11.57%	11.21%	10.39%	9.29%
D&A For EBITDA	92	91	85	65	58	53
EBIT	346	301	242	237	241	205
EBIT Margin	9.70%	9.31%	8.56%	8.80%	8.37%	7.38%
Effective Tax Rate	17.96%	19.32%	12.50%	22.86%	23.00%	24.11%
Revenue as Reported	-	-	-	-	2,879	2,778

Source: S&P Global Market Intelligence. Standard template. Financial Sources.