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	330	293
Amortization of Goodwill & Intangibles	22	22	22	10	9
Other Operating Expenses	2	-1	-	-2	4
Operating Expenses	521	435	406	338	306
Operating Income	348	301	242	237	241
Interest Expense	-8	-21	-36	-34	-35
Other Non Operating Income (Expenses)	-4	-8	-3	-2	-1
EBT Excluding Unusual Items	336	272	203	201	205
Merger & Restructuring Charges	-	-8	-11	-30	-5
Gain (Loss) on Sale of Assets	-	-	-	354	-
Pretax Income	336	264	192	525	200
Income Tax Expense	58	51	24	120	46
Earnings From Continuing Operations	278	213	168	405	154
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)	265	264	262	215	210
Shares Outstanding (Diluted)	269	268	264	215	210
Shares Change (YoY)	0.38%	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%
Free Cash Flow	227	186	145	-32	118
Free Cash Flow Per Share	0.84	0.69	0.55	-0.15	0.56
Dividend Per Share	0.360	-	-	-	-
Gross Margin	23.82%	22.76%	22.93%	21.35%	19.00%
Operating Margin	9.54%	9.31%	8.56%	8.80%	8.37%
Profit Margin	7.62%	6.59%	5.95%	15.04%	5.35%
Free Cash Flow Margin	6.22%	5.75%	5.13%	-1.19%	4.10%
EBITDA	441	392	327	302	299
EBITDA Margin	12.09%	12.12%	11.57%	11.21%	10.39%
D&A For EBITDA	93	91	85	65	58
EBIT	348	301	242	237	241
EBIT Margin	9.54%	9.31%	8.56%	8.80%	8.37%
Effective Tax Rate	17.26%	19.32%	12.50%	22.86%	23.00%
Revenue as Reported	-	-	-	-	2,879

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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