Leonardo DRS, Inc. (DRS)

Leonardo DRS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,345	3,234	2,826	2,693	2,879	2,778
Revenue Growth (YoY)	13.58%	14.44%	4.94%	-6.46%	3.64%	2.36%
Cost of Revenue	2,581	2,498	2,178	2,118	2,332	2,284
Gross Profit	764	736	648	575	547	494
Selling, General & Admin	430	414	384	330	293	283
Other Operating Expenses	-1	-1	-	-2	4	-3
Operating Expenses	451	435	406	338	306	289
Operating Income	313	301	242	237	241	205
Interest Expense	-17	-21	-36	-34	-35	-64
Other Non Operating Income (Expenses)	-7	-8	-3	-2	-1	-5
EBT Excluding Unusual Items	289	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	285	264	192	525	200	112
Income Tax Expense	51	51	24	120	46	27
Earnings From Continuing Operations	234	213	168	405	154	85
Net Income to Company	234	213	168	405	154	85
Net Income	234	213	168	405	154	85
Net Income to Common	234	213	168	405	154	85
Net Income Growth	26.49%	26.79%	-58.52%	162.99%	81.18%	13.33%
Shares Outstanding (Basic)	264	264	262	215	210	210
Shares Outstanding (Diluted)	268	268	264	215	210	210
Shares Change (YoY)	1.13%	1.32%	22.83%	2.43%	-	-0.21%
EPS (Basic)	0.89	0.81	0.64	1.88	0.73	0.40
EPS (Diluted)	0.88	0.80	0.64	1.88	0.73	0.40
EPS Growth	25.90%	25.00%	-65.96%	157.53%	82.50%	12.24%
Free Cash Flow	291	186	145	-32	118	69
Free Cash Flow Per Share	1.08	0.69	0.55	-0.15	0.56	0.33
Dividend Per Share	0.090	-	-	-	-	-
Gross Margin	22.84%	22.76%	22.93%	21.35%	19.00%	17.78%
Operating Margin	9.36%	9.31%	8.56%	8.80%	8.37%	7.38%
Profit Margin	7.00%	6.59%	5.95%	15.04%	5.35%	3.06%
Free Cash Flow Margin	8.70%	5.75%	5.13%	-1.19%	4.10%	2.48%
EBITDA	405	392	327	302	299	258
EBITDA Margin	12.11%	12.12%	11.57%	11.21%	10.39%	9.29%
D&A For EBITDA	92	91	85	65	58	53
EBIT	313	301	242	237	241	205
EBIT Margin	9.36%	9.31%	8.56%	8.80%	8.37%	7.38%
Effective Tax Rate	17.89%	19.32%	12.50%	22.86%	23.00%	24.11%
Revenue as Reported	-	-	-	-	2,879	2,778

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q