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Wednesday 4 November 2026 Export DRS’s income statement to Excel — free account

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

35.43 3.43 −8.83%
Market cap
$10.4B
P/E
28.0×
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Leonardo DRS, Inc. (DRS) Debt to equity

Alert me on Debt to equity

Leonardo DRS, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.1×, down 0.1× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 19.8× (fiscal 2019); the current reading is higher than 27% of that period. That is below the Aerospace & Defense industry median of 0.2× and below the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.1× (10.93%)
FY2024 0.1× (18.27%)
FY2023 0.2× (5.72%)
FY2022 0.2× (24.93%)
FY2021 0.2× (96.10%)
FY2020 6.3× (68.10%)
FY2019 19.8× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.3× 83.31%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.1× 13.91%
Jun 2026 0.1× (2.39%)
Mar 2026 0.1× (57.12%)
Dec 2025 0.1× (3.86%)
43 more quarters

Against its own ten years

Low 0.0× High 19.8×
Ten-year median 0.2×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
KTOS Kratos Defense & Security Solutions, Inc. compare 0.0×
DRS Leonardo DRS, Inc. 0.1×
MOG.A Moog Inc. compare 0.4×
TXT Textron Inc. compare 0.5×
HII Huntington Ingalls Industries, Inc. compare 0.5×
EMBJ Embraer-Empresa Brasileira de Aeronautica compare 0.6×
LOAR Loar Holdings Inc. compare 0.8×
SARO StandardAero, Inc. compare 0.8×
BWXT BWX Technologies, Inc. compare 1.4×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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