Leonardo DRS Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	3,779	3,648	3,234	2,826	2,693	2,879
Revenue Growth	10.46%	12.80%	14.44%	4.94%	-6.46%	3.64%
Cost of Revenue	2,839	2,779	2,498	2,178	2,118	2,332
Gross Profit	940	869	736	648	575	547
Selling, General & Admin	518	497	414	384	330	293
Amortization of Goodwill & Intangibles	22	22	22	22	10	9
Other Operating Expenses	-	-	-1	-	-2	4
Operating Expenses	540	519	435	406	338	306
Operating Income	400	350	301	242	237	241
Interest Expense	-5	-8	-21	-36	-34	-35
Interest & Investment Income	2	-	-	-	-	-
Other Non Operating Income (Expenses)	-7	-4	-8	-3	-2	-1
EBT Excluding Unusual Items	390	338	272	203	201	205
Merger & Restructuring Charges	-2	-2	-8	-11	-30	-5
Gain (Loss) on Sale of Assets	-	-	-	-	354	-
Pretax Income	388	336	264	192	525	200
Income Tax Expense	66	58	51	24	120	46
Earnings From Continuing Operations	322	278	213	168	405	154
Net Income	322	278	213	168	405	154
Net Income to Common	322	278	213	168	405	154
Net Income Growth	28.80%	30.52%	26.79%	-58.52%	162.99%	81.18%
Shares Outstanding (Basic)	266	266	264	262	215	210
Shares Outstanding (Diluted)	269	269	268	264	215	210
Shares Change	-	0.37%	1.32%	22.83%	2.43%	-
EPS (Basic)	1.21	1.05	0.81	0.64	1.88	0.73
EPS (Diluted)	1.19	1.03	0.80	0.64	1.88	0.73
EPS Growth	26.74%	28.75%	25.00%	-65.96%	157.53%	82.50%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	363	227	186	145	-32	118
Free Cash Flow Per Share	1.35	0.84	0.69	0.55	-0.15	0.56
Dividend Per Share	0.360	0.360	-	-	-	-
Dividend Growth	100.00%	-	-	-	-	-
Gross Margin	24.87%	23.82%	22.76%	22.93%	21.35%	19.00%
Operating Margin	10.59%	9.59%	9.31%	8.56%	8.80%	8.37%
Profit Margin	8.52%	7.62%	6.59%	5.95%	15.04%	5.35%
Free Cash Flow Margin	9.61%	6.22%	5.75%	5.13%	-1.19%	4.10%
EBITDA	497	443	392	327	302	299
EBITDA Margin	13.15%	12.14%	12.12%	11.57%	11.21%	10.39%
D&A For EBITDA	97	93	91	85	65	58
EBIT	400	350	301	242	237	241
EBIT Margin	10.59%	9.59%	9.31%	8.56%	8.80%	8.37%
Effective Tax Rate	17.01%	17.26%	19.32%	12.50%	22.86%	23.00%
Revenue as Reported	-	-	-	-	-	2,879

SEC Filings: 10-K · 10-Q