Leonardo DRS Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,648	3,234	2,826	2,693	2,879
Revenue Growth (YoY)	12.80%	14.44%	4.94%	-6.46%	3.64%
Cost of Revenue	2,779	2,498	2,178	2,118	2,332
Gross Profit	869	736	648	575	547
Selling, General & Admin	497	414	384	357	293
Depreciation & Amortization Expenses	22	22	22	10	9
Other Operating Expenses	2	7	11	-353	9
Total Operating Expenses	521	443	417	14	311
Operating Income	348	293	231	561	236
Total Non-Operating Income (Expense)	-12	-29	-39	-36	-36
Pretax Income	336	264	192	525	200
Provision for Income Taxes	-58	-51	-24	120	46
Net Income	278	213	168	405	154
Net Income to Common	278	213	168	405	154
Net Income Growth	30.52%	26.79%	-58.52%	162.99%	81.18%
Shares Outstanding (Basic)	266	264	262	215	210
Shares Outstanding (Diluted)	269	268	264	215	210
Shares Change (YoY)	0.37%	1.32%	22.83%	2.43%	-
EPS (Basic)	1.05	0.81	0.64	1.88	0.73
EPS (Diluted)	1.03	0.80	0.64	1.88	0.73
EPS Growth	28.75%	25.00%	-65.96%	157.53%	82.50%
Shares Outstanding	266.03	265.06	262.53	260.23	210.45
Free Cash Flow	227	186	145	-32	118
Free Cash Flow Growth	22.04%	28.28%	-	-	71.01%
Free Cash Flow Per Share	0.84	0.69	0.55	-0.15	0.56
Dividends Per Share	0.360	-	-	-	-
Gross Margin	23.82%	22.76%	22.93%	21.35%	19.00%
Operating Margin	9.54%	9.06%	8.17%	20.83%	8.20%
Profit Margin	10.80%	9.74%	7.64%	15.04%	5.35%
FCF Margin	6.22%	5.75%	5.13%	-1.19%	4.10%
EBITDA	441	384	316	626	294
EBITDA Margin	12.09%	11.87%	11.18%	23.25%	10.21%
EBIT	348	293	231	561	236
EBIT Margin	9.54%	9.06%	8.17%	20.83%	8.20%
Effective Tax Rate	-17.26%	-19.32%	-12.50%	22.86%	23.00%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q