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Leonardo DRS, Inc.

DRS Industrials Aerospace & Defense

Leonardo DRS, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 12.8% from fiscal 2024.

Revenue: +11.0%
EPS: +59.6%
Free cash flow: −24.7%
Total debt: −50.0%

Quarter to September 2026, against a year earlier

34.00 1.00 +3.03%

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Market cap: $8.8B
P/E: 24.0×
Fwd P/E: 26.7×
Dividend yield: —
F-score: 7/9
Altman Z: 3.74
Beneish M: −2.33
Dividend safety: 70/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	34.33	258.00	0.00	72.76	14.72	6.39	30.34	40.39	32.47
Piotroski F-Score Full definition →	2	7	3	1	7	6	6	6	7	7
P/S ratio Full definition →	1.35	2.95	3.05	4.47	5.54	0.69	0.97	1.82	2.63	2.48
Altman Z-Score Full definition →	(3.60)	5.50	3.78	4.52	7.83	0.79	1.38	2.14	3.58	3.74
Altman Z″-Score (non-manufacturers) Full definition →	(8.78)	2.54	3.73	0.88	3.76	(0.66)	1.02	1.00	1.74	2.07
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	16.96	0.00	35.32	45.56	39.93
Beneish M-Score Full definition →	(1.83)	(2.20)	(2.15)	11.77	(1.97)	31.80	(2.01)	(2.67)	(1.99)	(2.33)
P/Operating CF Full definition →	(3.51)	44.78	(22.19)	(57.21)	116.87	6.85	9.36	10.01	19.23	21.33
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	70
P/B ratio Full definition →	1.56	2.64	2.05	4.78	5.86	1.24	1.23	2.22	3.33	3.32
Price to Tangible BV Full definition →	1.65	2.70	2.07	4.85	5.91	4.21	3.63	5.51	7.18	6.57
EV/Sales Full definition →	1.47	2.58	2.43	4.32	5.18	0.74	1.00	1.80	2.56	2.40
EV/EBITDA Full definition →	0.00	34.08	1,100.65	0.00	72.12	7.29	4.31	16.13	21.58	19.87
EV/Operating CF Full definition →	(2.46)	(11.47)	84.98	(17.10)	(33.01)	11.73	81.76	24.86	30.58	23.95
EV/FCF Full definition →	(2.23)	(7.42)	(21.91)	(10.72)	(16.12)	18.27	(84.32)	34.90	44.32	38.61
Quick Ratio Full definition →	1.28	3.51	3.21	1.82	2.07	0.40	0.45	0.57	0.76	0.80
Current Ratio Full definition →	2.78	5.21	4.46	2.96	3.24	1.40	1.64	1.78	1.94	1.89
Net Debt/EBITDA Full definition →	(0.75)	(4.86)	(24.66)	(916.89)	53.93	0.52	0.14	(0.19)	(0.61)	(0.68)
Debt/Assets Full definition →	17.38%	0.00%	0.00%	1,264.73%	426.03%	12.81%	10.72%	10.35%	8.72%	7.74%
Debt/Equity Full definition →	0.33	0.00	0.00	19.82	6.32	0.25	0.19	0.17	0.14	0.13
Asset Turnover Full definition →	0.65	0.92	0.63	0.75	0.89	1.81	0.80	0.74	0.80	0.84
Operating CF/Net income Full definition →	1.00	0.77	(23.67)	1.70	0.64	1.16	0.08	1.22	1.27	1.32
Capex/Depreciation Full definition →	(0.74)	(2.79)	(1.19)	(3.72)	(2.16)	(1.03)	(1.00)	(0.69)	(0.92)	(1.49)
Interest Coverage Full definition →	(2.23)	12.71	(0.52)	(17.38)	(32.77)	6.74	16.50	6.42	13.95	43.50
ROE Full definition →	(48.88%)	11.14%	0.46%	(4.88%)	9.94%	18.50%	21.77%	7.55%	8.73%	10.52%
ROA Full definition →	(24.82%)	7.85%	0.36%	(3.43%)	6.56%	9.70%	12.01%	4.42%	5.26%	6.41%
ROIC Full definition →	(16.15%)	7.54%	0.19%	(0.15%)	0.70%	8.45%	15.83%	6.38%	7.88%	8.95%
Return on Tangible Assets Full definition →	(35.69%)	7.58%	0.38%	(4.96%)	7.97%	20.16%	37.89%	13.53%	14.32%	17.30%
Average Days of Receivables Full definition →	183.65	120.04	180.83	127.11	75.34	19.78	22.50	19.50	28.55	33.42
Research and Development Expense of Revenue Full definition →	5.91%	6.02%	11.38%	15.59%	11.61%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	31.85%	17.97%	24.48%	25.10%	18.35%	10.18%	13.26%	13.59%	12.80%	13.62%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	17.35	10.45	0.37	0.38	0.35	0.33	0.30
Share Based Compensation of Revenue Full definition →	0.87%	2.14%	3.20%	2.59%	1.88%	0.10%	0.19%	0.60%	0.68%	0.88%
Graham Net Nets Full definition →	0.43	0.32	0.43	0.12	0.11	(0.04)	0.06	0.06	0.06	0.06
Graham Number Full definition →	0.00	1.54	0.53	0.00	2.24	10.45	20.56	11.40	13.21	15.57
Earnings Yield Full definition →	(38.21%)	2.91%	0.39%	(0.92%)	1.37%	6.79%	15.64%	3.30%	2.48%	3.08%
Free Cash Flow Yield Full definition →	(49.08%)	(11.82%)	(3.64%)	(9.02%)	(5.80%)	5.90%	(1.23%)	2.83%	2.19%	2.50%
Revenue per Share Full definition →	0.91	1.05	0.84	1.16	1.76	13.71	12.53	10.81	12.26	13.72
Operating CF per Share Full definition →	(0.35)	0.07	(0.12)	(0.09)	0.08	0.85	0.15	0.78	1.03	1.38
Capex per Share Full definition →	(0.03)	(0.07)	(0.03)	(0.12)	(0.11)	(0.29)	(0.30)	(0.23)	(0.32)	(0.52)
Free Cash Flow per Share Full definition →	(0.38)	0.00	(0.14)	(0.21)	(0.03)	0.56	(0.15)	0.56	0.71	0.85
Cash per Share Full definition →	0.11	0.51	0.64	0.37	0.85	1.14	1.42	1.79	2.27	2.43
Shareholders Equity per Share Full definition →	0.79	1.17	1.26	1.09	1.66	7.59	9.89	8.89	9.70	10.27
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.79	1.17	1.26	1.09	1.66	7.59	9.89	8.89	9.70	10.27
Free Cash Flow Full definition →	(5.33)	(0.05)	(4.81)	(8.01)	(1.33)	118.00	(32.00)	146.00	187.00	227.00
Working Capital Full definition →	11.11	25.64	37.84	31.81	56.78	400.00	665.00	840.00	1,047.00	1,095.00
Capital Expenditures Full definition →	(0.41)	(1.78)	(0.95)	(4.55)	(4.95)	(60.00)	(65.00)	(59.00)	(84.00)	(139.00)
Net Current Asset Value Full definition →	7.37	24.88	37.15	24.54	47.25	(87.00)	157.00	322.00	536.00	570.00
EV/EBIT Full definition →	0.00	34.08	1,100.65	0.00	72.12	9.03	4.81	22.06	28.28	25.19
Capex to Sales Full definition →	0.03	0.07	0.03	0.10	0.06	0.02	0.02	0.02	0.03	0.04
Price to Operating Income Full definition →	0.00	38.89	1,380.92	0.00	77.18	8.38	4.65	22.32	29.08	26.05
Other line items
Depreciation/Fixed assets Full definition →	0.21	0.16	0.17	0.13	0.16	0.16	0.16	0.21	0.21	0.18
Cash ROIC Full definition →	(32.91%)	(0.13%)	(7.62%)	(0.91%)	(0.24%)	5.30%	(1.13%)	4.57%	5.31%	6.10%
Accounts Receivable Turnover Full definition →	2.05	3.48	2.49	3.02	4.89	33.53	16.73	17.83	16.01	12.43
Accounts Payable Turnover Full definition →	2.49	3.49	2.34	2.50	2.84	9.34	4.53	5.09	6.06	7.15
Inventory Turnover Full definition →	1.78	2.39	1.86	2.00	2.08	19.95	8.08	6.72	7.27	7.83
Average Days of Payables Full definition →	145.76	116.47	194.45	170.11	155.95	74.97	78.76	66.70	62.25	46.10
Days of Inventory on Hand Full definition →	227.81	161.12	230.35	221.05	219.41	32.09	54.97	55.14	52.31	46.23
Average Receivables Full definition →	6.25	7.53	11.25	14.66	15.59	85.87	161.00	158.50	202.00	293.50
Average Payables Full definition →	4.56	5.13	7.61	11.36	16.85	249.73	468.00	427.50	412.00	388.50
Average Inventory Full definition →	6.40	7.51	9.58	14.22	22.99	116.89	262.00	324.00	343.50	355.00
Average Assets Full definition →	19.78	28.51	44.77	59.21	85.91	1,587.95	3,373.00	3,799.00	4,052.50	4,335.00
Average Common Equity Full definition →	10.04	20.11	35.52	41.64	56.73	832.52	1,860.00	2,226.00	2,441.00	2,643.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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