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Leonardo DRS, Inc. (DRS) Stock: Price, Forecast & Analyst Target

Leonardo DRS, Inc. (DRS) — MoonshotScore 65/100 (Strong band), calculated Oct 4, 2026. Price $36.80 (+0.11%), as of the Oct 2, 2026 trading session; market cap $9.82B.

Educational signal · not a buy or sell recommendation · How to read this

$36.80 +$0.04 (+0.11%) Market Cap $9.82B

Leonardo DRS, Inc. · DRS · NASDAQ · Industrials · Aerospace & Defense

Research dated 2026-09-13: Leonardo DRS supplies sensing, electronic warfare, computing, force-protection, power-management and propulsion systems for military platforms and missions. Its economic exposure comes from subsystem content supplied into aircraft, vehicles, ships and submarines, not from delivering complete platforms. Sustained earnings expansion matters, but the case also requires that uneven cash conversion improve while capital spending remains elevated.

Price as of Oct 2, 2026

Key Statistics

65 of 100

MoonshotScore v2 · Leonardo DRS (DRS)

Strong
Business Quality Solid (64)
Financial Safety Fortress (91)
Valuation Full (42)
Growth Durability Flat (45)
Momentum Slipping (37)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

A fortress balance sheet, though growth is only middling. Business Quality: Solid; Financial Safety: Fortress; Valuation: Full; Growth Durability: Flat; Momentum: Slipping.

  • quarterly revenue $913M (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 8 of 8
  • Altman Z 5.00 · Piotroski F 7

Helping: balance-sheet strength

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for DRS (29 recorded, newest six shown)
RecordedScoreBand
66Strong
66Strong
66Strong
66Strong
66Strong
66Strong

The score was 65 in the stored Oct 3, 2026 snapshot and remains 65 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Business Quality -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$36.80
Change on the day+0.11%
52-week range$32.43–$50.59
Market capitalisation$9.82B
Price / earnings (trailing)30.67
Shares traded on the day617.6K
Beta (volatility vs the S&P 500)0.18

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $33, high $49, latest $37. $49 $33 high $49 Sep 5, 2025 Oct 2, 2026 · $37 $41Sep 5, 2025$41Sep 19, 2025$44Oct 3, 2025$39Oct 17, 2025$37Oct 31, 2025$35Nov 14, 2025$34Nov 28, 2025$34Dec 12, 2025$34Dec 26, 2025$41Jan 9, 2026$41Jan 23, 2026$39Feb 6, 2026$40Feb 20, 2026$47Mar 6, 2026$44Mar 20, 2026$46Apr 2, 2026$45Apr 17, 2026$40May 1, 2026$42May 15, 2026$49May 29, 2026$49Jun 12, 2026$42Jun 26, 2026$44Jul 10, 2026$48Jul 24, 2026$45Aug 7, 2026$41Aug 21, 2026$37Sep 4, 2026$37Sep 18, 2026$37Oct 2, 2026

Point at or tab to any week for its close.

Other perspectives

Council score for Leonardo DRS (DRS): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

9-Factor Breakdown

Revenue Growth Neutral
Gross Margin Moderate
Operating Leverage Neutral
Cash Runway Strong
R&D Intensity Neutral
Insider Activity Moderate
Trading Liquidity Strong
Price Momentum Weak
News Sentiment Neutral

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Favorable read

Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Neutral
Revenue Growth Moderate
Debt/Equity Strong
ROE Neutral
Gross Margin Weak

Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 11, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the DRS film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Leonardo DRS (DRS), and what does it report?

Short answer · as of

Advanced Sensing and Computing serves surveillance, threat detection, electronic warfare and networked-computing needs.

Research dated 2026-09-13.

Advanced Sensing and Computing serves surveillance, threat detection, electronic warfare and networked-computing needs. Integrated Mission Systems adds force protection, power control, propulsion, energy storage and thermal-management capabilities. Customers include the United States military, intelligence agencies, defense contractors and international armed forces, with some commercial applications.

Consolidated revenue therefore measures a broad portfolio of equipment, embedded systems, software and related capabilities rather than demand for a particular weapons platform. Integrated Mission Systems is a material reported contributor, while companywide sales and profit capture the wider operating portfolio.

Sources (as of 2026-09-13): Business description; Sector / industry (provider taxonomy); Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands)

2 · Latest results

What do the latest results show for Leonardo DRS (DRS)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $913M.

Research dated 2026-09-13.

The latest reported period extended the year-over-year rise in revenue, gross profit, operating profit and net income. Revenue and earnings also exceeded consensus in the recent reporting run, while the annual series shows sales and net income advancing across recent years.

Management maintained its organic-growth outlook and raised its adjusted earnings expectations, citing stronger profitability. That outlook is a management expectation rather than an explanation for every movement in reported results; the disclosed figures establish improving operating performance, while management also expects a heavier contribution later in the year.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026Not availableNot availableNot availableNot available
Mar 31, 2026Not availableNot availableNot availableNot available
Dec 31, 2025Not availableNot availableNot availableNot available
Sep 30, 2025Not availableNot availableNot availableNot available

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$913M$86M$0.32 (diluted)
Q1 FY2026$846M$62M$0.23 (diluted)
Q4 FY2025$1.06B$102M$0.38 (diluted)
Q3 FY2025$960M$72M$0.27 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Leonardo DRS (DRS)?

Short answer

Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.

Research dated 2026-09-13.

Cash and short-term investments roughly match total debt, liquidity ratios indicate ample coverage of near-term obligations, and the distress and quality screens are favorable. The company is profitable and has continued paying a recurring dividend, but net cash is negligible relative to its market value, leaving valuation support dependent mainly on operating results rather than surplus liquidity.

Cash generation is much less orderly than earnings. Operating cash flow has swung from outflows to large inflows, cash has retreated from its recent peak, and management expects capital spending to stay elevated. Military, intelligence and prime-contractor customers also make program funding, procurement priorities and delivery schedules central operating exposures.

Sources (as of 2026-09-13): Cash, investments and debt; Cash and investment components; Trailing twelve-month ratio set; Distress and quality screens; Cash against market value; Recent dividends paid; Dividend yield, last 12 months; Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts; Business description

4 · What to check next?

What should you watch next at Leonardo DRS (DRS)?

Short answer · as of

Current published price targets run low $51.00 · high $54.00 · consensus $52.50 · median $52.50 against a quoted price of $36.80 (as of Oct 2, 2026).

Research dated 2026-09-13.

The scheduled earnings release should be judged on more than whether revenue and earnings clear consensus. Gross and operating profit need to preserve their recent improvement as the business moves toward the heavier contribution management expects later in the year.

Operating cash flow, capital expenditure and the cash balance deserve equal attention. Better conversion alongside elevated investment would support management’s effort to make profit and cash generation more consistent; renewed outflows without matching operating progress would keep that weakness unresolved. Longer-range estimates assume continued revenue and earnings expansion, raising the importance of execution against near-term expectations.

Sources (as of 2026-09-13): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.
  • The next earnings date is not yet scheduled in the calendar we read.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does Leonardo DRS compare with its peers?

Short answer

Leonardo DRS's score ranks 3rd of 5 in the bounded comparison shown, against 4 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Leonardo DRS is closer to a diversified mission-systems and defense-electronics supplier than to a platform-focused aircraft or shipbuilder. Its products sit inside many kinds of military assets, linking demand to sensor content, computing architecture, electronic protection and power systems across land, air, sea and space programs.

That breadth differs from a specialist centered on a narrow equipment category, yet it does not remove customer concentration around defense and government procurement. Commercial applications widen the addressable portfolio, but military services, intelligence agencies, international forces and major defense contractors remain the defining customer groups.

Sources (as of 2026-09-13): Business description; Sector / industry (provider taxonomy); Revenue by segment; Annual revenue and net result (USD millions)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Applied Industrial Technologies, Inc. (AIT) Named competitor$343.45 Oct 2, 2026$12.7B90 5-pillar Oct 4, 2026
Donaldson Company, Inc. (DCI) Named competitor$88.65 Oct 2, 2026$10.3B77 5-pillar Oct 4, 2026
Leonardo DRS (DRS) — this page$36.80$9.82B65
Generac Holdings Inc. (GNRC) Named competitor$216.80 Oct 2, 2026$12.8B60 5-pillar Oct 4, 2026
Regal Rexnord Corporation (RRX) Named competitor$159.87 Oct 2, 2026$10.6B58 5-pillar Oct 4, 2026
Embraer S.A. (ERJ) Named competitor$64.52 Sep 16, 2026$47.4B— Model unavailable
Huntington Ingalls Industries, Inc. (HII) Same industry, near in market value$268.54 Date unavailable$10.6B— Model unavailable
Ralliant Corp. (RAL) Same industry, near in market value$73.20 Date unavailable$8.10B— Model unavailable
Kratos Defense & Security Solutions, Inc. (KTOS) Same industry, near in market value$43.07 Date unavailable$8.08B— Model unavailable
BWX Technologies, Inc. (BWXT) Same industry, near in market value$134.86 Date unavailable$12.4B— Model unavailable
CAE Inc. (CAE) Same industry, near in market value$24.00 Date unavailable$7.72B— Model unavailable
Textron Inc. (TXT) Same industry, near in market value$77.27 Date unavailable$13.3B— Model unavailable
AeroVironment, Inc. (AVAV) Same industry, near in market value$140.82 Date unavailable$7.13B— Model unavailable

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Industrials stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$51.00 – $54.00
Consensus target
$52.50
Median target
$52.50

Consensus record · Captured .

Measured against a quoted price of $36.80 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026

Transactions
46
Identified insiders
14
Purchases
1
Sales
10
Other transactions
35

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

What has been published about Leonardo DRS (DRS)?

Read these with our analysis →

Leonardo DRS Industrials Stock: Key Questions Answered

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

What does Advanced Sensing and Computing put on military platforms?

The division’s portfolio includes infrared sensing, electronic warfare, resilient computing, network distribution and integrated sensor capabilities used for awareness, protection and data processing across military environments.

Sources (as of 2026-09-13): Business description

Why does Integrated Mission Systems matter to Leonardo DRS revenue?

Integrated Mission Systems is a material reported contributor, but it is not a proxy for the entire company. Consolidated sales also reflect the Advanced Sensing and Computing portfolio.

Sources (as of 2026-09-13): Revenue by segment; Annual revenue and net result (USD millions); Business description

Why is Leonardo DRS cash flow less smooth than its earnings?

Net income has remained positive while operating cash flow has moved between outflows and pronounced inflows. Management expects elevated capital spending and is working toward more consistent profit and cash generation.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

Does Leonardo DRS sell only to the United States military?

Its customers also include major aerospace and defense contractors, government intelligence agencies and international armed forces, while parts of the portfolio have commercial applications.

Sources (as of 2026-09-13): Business description

What is the DRS stock price today?

The last price recorded on this page for Leonardo DRS, Inc. (DRS) is $36.80, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the DRS price target?

The analyst consensus price target for Leonardo DRS, Inc. (DRS) is $52.50 (range $51.00 to $54.00, median $52.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Legal name; Business description; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (27 figures)

The 27 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business address2345 Crystal Drive, Suite 1000, Arlington, VA, 22202OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "2345 Crystal Drive, Arlington, VA, 22202, US".

FMP — 22 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$36.80FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T18:14:40.460Z.
px.changeChange on the day+0.11%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalization$9.82BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$0.04FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$913MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$32.43–$50.59FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)30.67FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day617.6KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.18FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveJohn A. BaylounyFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees7,300FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year4 fiscal years, FY2022 through FY2025: FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)24.9%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero.
fin.total_debtTotal debt$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value3.50×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.ptStored analyst price targetslow $51.00 · high $54.00 · consensus $52.50 · median $52.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_rangeAnalyst price target, low to high$51.00 – $54.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$52.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$52.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP46 transactions · 1 purchases, 10 sales, 35 other transactions · 14 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 8 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 5.00 · Piotroski F 7UNRECORDEDStored financial-scores observation — Captured 2026-10-04

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v265 of 100 · Strong · pillars 64 / 91 / 42 / 45 / 37OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement65 (stored snapshot Oct 3, 2026) → 65 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Leonardo DRS, Inc.
2026-02-27OFFICIALSEC EDGAR — 10-K filed 2026-02-27
Business description
Established in Arlington, Virginia, in 1969, Leonardo DRS, Inc. is a leading supplier of advanced defense products and technologies. The company's diverse portfolio addresses military requirements across various environments, including land, air, sea, space, and cybersecurity, with additional applications in the commercial sector. Its operations are organized into two primary divisions: Advanced Sensing and Computing, and Integrated Mission Systems. DRS provides sophisticated sensing solutions, such as infrared systems for threat identification and improving situational awareness, alongside uncooled infrared technologies and systems designed to mitigate brownout conditions. Their electronic warfare (EW) capabilities encompass airborne, vehicle-mounted, and soldier-borne systems, supported by specialized EW software, training tools, and intelligence services. Furthermore, Leonardo DRS develops essential computing systems for military platforms like ground vehicles, ships, and submarines. These offerings include robust network and data distribution applications, integrated sensor systems, and resilient networked computing infrastructure. The company also specializes in force protection, delivering solutions for counter-unmanned aerial systems (C-UAS), short-range air defense, and active protection systems. Additionally, DRS is a key provider of power management and propulsion technologies, offering systems for power control, distribution, conversion, and propulsion—including hybrid electric drive systems, energy storage solutions, gas turbine packages, nuclear instrumentation and controls, and thermal management and refrigeration equipment. Leonardo DRS serves a broad client base, which includes the U.S. military, major aerospace and defense contractors, government intelligence agencies, and international armed forces.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.32 per share, SG&A: $129.00M, EPS basic: $0.32 per share, EPS basis: diluted, Revenue: $913.00M, EPS diluted: $0.32 per share, Net result: $86.00M, Gross profit: $237.00M, Operating result: $102.00M
  • Quarter ended 2026-03-31 — EPS: $0.23 per share, SG&A: $130.00M, EPS basic: $0.23 per share, EPS basis: diluted, Revenue: $846.00M, EPS diluted: $0.23 per share, Net result: $62.00M, Gross profit: $212.00M, Operating result: $77.00M
  • Quarter ended 2025-12-31 — EPS: $0.38 per share, SG&A: $136.00M, EPS basic: $0.38 per share, EPS basis: diluted, Revenue: $1.06B, EPS diluted: $0.38 per share, Net result: $102.00M, Gross profit: $269.00M, Operating result: $126.00M
  • Quarter ended 2025-09-30 — EPS: $0.27 per share, SG&A: $123.00M, EPS basic: $0.27 per share, EPS basis: diluted, Revenue: $960.00M, EPS diluted: $0.27 per share, Net result: $72.00M, Gross profit: $222.00M, Operating result: $93.00M
  • Quarter ended 2025-06-30 — EPS: $0.2 per share, SG&A: $121.00M, EPS basic: $0.2 per share, EPS basis: diluted, Revenue: $829.00M, EPS diluted: $0.2 per share, Net result: $54.00M, Gross profit: $197.00M, Operating result: $70.00M
  • Quarter ended 2025-03-31 — EPS: $0.19 per share, SG&A: $117.00M, EPS basic: $0.19 per share, EPS basis: diluted, Revenue: $799.00M, EPS diluted: $0.19 per share, Net result: $50.00M, Gross profit: $181.00M, Operating result: $59.00M
  • Quarter ended 2024-12-31 — EPS: $0.33 per share, SG&A: $108.00M, EPS basic: $0.34 per share, EPS basis: diluted, Revenue: $981.00M, EPS diluted: $0.33 per share, Net result: $89.00M, Gross profit: $235.00M, Operating result: $120.00M
  • Quarter ended 2024-09-30 — EPS: $0.21 per share, SG&A: $98.00M, EPS basic: $0.22 per share, EPS basis: diluted, Revenue: $812.00M, EPS diluted: $0.21 per share, Net result: $57.00M, Gross profit: $179.00M, Operating result: $75.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$29.00M, Operating cash flow: $35.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$30.00M, Operating cash flow: -$66.00M
  • Quarter ended 2025-12-31 — Capital expenditure: -$49.00M, Operating cash flow: $425.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$30.00M, Operating cash flow: $107.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$28.00M, Operating cash flow: -$28.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$32.00M, Operating cash flow: -$138.00M
  • Quarter ended 2024-12-31 — Capital expenditure: -$29.00M, Operating cash flow: $443.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$12.00M, Operating cash flow: $59.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-30 — Quote: We still expect healthy full year revenue performance and are maintaining the range of $3.9 billion to $3.975 billion which implies a 7% to 9% organic growth year over year., Speaker: Michael Dippold
  • Call of 2026-07-30 — Quote: That stronger profitability carries through to our improved bottom line outlook We now expect adjusted diluted EPS of $1.34 to $1.39 per share and we have updated our full year tax rate assumption to 16.5%., Speaker: Michael Dippold
  • Call of 2026-07-30 — Quote: That said, we still expect high capital expenditures in the second half with full year CapEx running likely in the mid-4% range of revenue., Speaker: Michael Dippold
  • Call of 2026-07-30 — Quote: Broadly, we expect the second half to drive a greater contribution across key metrics And as we have consistently said, we are working to drive better linearity on profit and cash., Speaker: Michael Dippold

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-30OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Industrials / Aerospace & Defense

The company's SEC filings classify it under SIC 3812 — Search, Detection, Navigation, Guidance, Aeronautical Sys.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Integrated Mission Systems Segment: $1.14B
2024-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $3.65B, Period end: 2025-12-31, Net result: $278.00M
  • FY2024 — R&D: $0, Revenue: $3.23B, Period end: 2024-12-31, Net result: $213.00M
  • FY2023 — R&D: $0, Revenue: $2.83B, Period end: 2023-12-31, Net result: $168.00M
  • FY2022 — R&D: $0, Revenue: $2.69B, Period end: 2022-12-31, Net result: $405.00M
  • FY2021 — R&D: $0, Revenue: $2.88B, Period end: 2021-12-31, Net result: $154.00M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-30 — EPS actual: $0.35 per share, EPS estimated: $0.2728 per share, Revenue actual: $913.00M, Revenue estimated: $903.27M
  • Reported 2026-05-05 — EPS actual: $0.26 per share, EPS estimated: $0.21 per share, Revenue actual: $846.00M, Revenue estimated: $825.05M
  • Reported 2026-02-24 — EPS actual: $0.42 per share, EPS estimated: $0.37 per share, Revenue actual: $1.06B, Revenue estimated: $994.85M
  • Reported 2025-10-29 — EPS actual: $0.29 per share, EPS estimated: $0.28 per share, Revenue actual: $960.00M, Revenue estimated: $996.46M
  • Reported 2025-07-30 — EPS actual: $0.23 per share, EPS estimated: $0.22 per share, Revenue actual: $829.00M, Revenue estimated: $906.41M
  • Reported 2025-05-01 — EPS actual: $0.2 per share, EPS estimated: $0.1651 per share, Revenue actual: $799.00M, Revenue estimated: $736.72M
  • Reported 2025-02-20 — EPS actual: $0.38 per share, EPS estimated: $0.36 per share, Revenue actual: $981.00M, Revenue estimated: $736.35M
  • Reported 2024-10-30 — EPS actual: $0.24 per share, EPS estimated: $0.2 per share, Revenue actual: $812.00M, Revenue estimated: $939.45M
2026-07-30FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-07-30OFFICIALSEC EDGAR filer submissions
Cash, investments and debt
Total debt: $267.00M; Liquidity basis: cash and short-term investments; Total liabilities: $1.39B; Cash and short-term investments: $270.00M; Cash and investments: $270.00M; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $270.00M; Cash and short-term investments: $270.00M; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Trailing twelve-month ratio set
Quick ratio: 1.56; Current ratio: 1.92; Debt to equity: 0.1; Net margin: 8.5%; Gross margin: 24.9%; Operating margin: 10.5%; Return on assets: 7.7%; Return on equity: 11.8%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 4.91; Piotroski F-score: 7

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-13FMPFinancial Modeling Prep (FMP) financial scores
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $3.00M; Total debt: $267.00M; Cash and investments: $270.00M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-08-13, Payment date: 2026-08-27, Amount per share: $0.09
  • Ex date: 2026-05-19, Payment date: 2026-06-02, Amount per share: $0.09
  • Ex date: 2026-03-10, Payment date: 2026-03-24, Amount per share: $0.09
  • Ex date: 2025-11-18, Payment date: 2025-12-02, Amount per share: $0.09

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-08-13FMPFinancial Modeling Prep (FMP) dividend history
Dividend yield, last 12 months
1.00%

Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.

2026-09-11COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $270.00M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $328.00M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $647.00M, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $309.00M, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $278.00M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $380.00M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $598.00M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $198.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Next earnings report
Date: 2026-10-29; EPS estimate: $0.36 per share; Revenue estimate: $1.03B

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $1.46 per share, Revenue average: $4.22B, Revenue low: $4.19B, Revenue high: $4.24B, Analysts (revenue): 7
  • FY2028 — EPS average: $1.61 per share, Revenue average: $4.45B, Revenue low: $4.39B, Revenue high: $4.51B, Analysts (revenue): 6
  • FY2029 — EPS average: $1.82 per share, Revenue average: $4.80B, Revenue low: $4.75B, Revenue high: $4.84B, Analysts (revenue): 4
  • FY2030 — EPS average: $1.94 per share, Revenue average: $5.09B, Revenue low: $5.04B, Revenue high: $5.14B, Analysts (revenue): 3
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.