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

Leonardo DRS, Inc. (DRS) Free cash flow margin

Alert me on Free cash flow margin

Leonardo DRS, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 8.88%, up 2.7 percentage points from fiscal 2025 (6.22%). Over the past ten years it has ranged from −41.6% (fiscal 2016) to 6.22% (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 0.00% and above the Industrials sector median of 2.08%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 6.22% 0.44
FY2024 5.78% 0.61
FY2023 5.17% 6.36
FY2022 −1.19% (5.29)
FY2021 4.10% 5.85
FY2020 −1.75% 16.32
FY2019 −18.1% (0.91)
FY2018 −17.2% (16.95)
FY2017 −0.21% 41.36
FY2016 −41.6% (17.53)

Against its own ten years

Low −41.6% High 6.22%
Ten-year median −1.19%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
LOAR Loar Holdings Inc. compare 18.1%
BWXT BWX Technologies, Inc. compare 10.3%
DRS Leonardo DRS, Inc. 8.88%
EMBJ Embraer-Empresa Brasileira de Aeronautica compare 8.41%
MOG.A Moog Inc. compare 8.18%
TXT Textron Inc. compare 5.28%
SARO StandardAero, Inc. compare 3.24%
HII Huntington Ingalls Industries, Inc. compare 2.42%
KTOS Kratos Defense & Security Solutions, Inc. compare −8.47%
Aerospace & Defense industry median 0.00%
Industrials sector median 2.08%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on DRS