Leonardo DRS, Inc. (DRS)

Leonardo DRS Income Statement

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

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

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q