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Companies / Industrials / Leonardo DRS, Inc.
DRS

Leonardo DRS, Inc.

IndustrialsMedical Instruments
Ticker DRSARLINGTON, VAFiscal year ends DecemberBook value per share $10.43Diluted shares 268.7M

Leonardo DRS, Inc. (Nasdaq: DRS) provides defense technology to U.S. national security customers and allied defense forces, designing, developing, manufacturing and integrating sensing, network computing, force protection, and electric power and propulsion systems. Its customers include the U.S. Navy, Army, Air Force… From the company’s description.

In fiscal 2025, Leonardo DRS, Inc. reported revenue of $3.65B, up 12.8% from fiscal 2024, and net income of $278.00M. Its operating margin was 9.5%, and operations generated $366.00M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.78B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.65BFY2025
+12.8% year over year
Last 12 mo $3.78B
9.54%FY2025
+0.5 percentage points
Last 12 mo 10.53%
$278.00MFY2025
+30.5% year over year
Last 12 mo $322.00M
10.18%FY2025
+1.9 percentage points
Last 12 mo 11.49%
Cash & financing
$366.00MFY2025
+35.1% year over year
Last 12 mo $501.00M
$227.00MFY2025
+22.0% year over year
Last 12 mo $363.00M
0.13FY2025
Was 0.14× a year earlier
Last 12 mo 0.05
268.7MFY2025
+0.4% year over year
Last 12 mo 268.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Leonardo DRS, Inc. does

In the company’s own words

Leonardo DRS, Inc. (Nasdaq: DRS) provides defense technology to U.S. national security customers and allied defense forces, designing, developing, manufacturing and integrating sensing, network computing, force protection, and electric power and propulsion systems. Its customers include the U.S. Navy, Army, Air Force and other government agencies, as well as foreign governments and commercial buyers; the U.S. government accounted for 80% of revenue in 2025. The company reports two segments: Advanced Sensing and Computing, which supplies electro-optical and infrared sensors, radar, electronic warfare systems and rugged tactical computing; and Integrated Mission Systems, which provides naval power conversion, control, distribution and propulsion systems, along with vehicle-based air defense, counter-drone and protection systems. Its technologies serve land, air, sea, space and cyber applications, including submarine, ship and ground-vehicle platforms. Leonardo DRS has a more than 55-year history in defense technology and is indirectly majority-owned by Leonardo S.p.A. It had approximately 7,300 employees as of December 31, 2025, and reported revenue of $3.648 billion for fiscal 2025. Its website is https://www.leonardodrs.com.

Company details
Sector
Industrials
Industry (SIC)
Medical Instruments
Headquarters
ARLINGTON, VA
Fiscal year end
December
CIK
1833756
SIC
3812

Financial performance, year by year

Fiscal 2021–2025 · USD
$-377.90M$755.80M$1.89B$3.02B$4.16B20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Leonardo DRS, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

302
funds hold it
0 of 35
superinvestors hold it
$1.66B
held by funds, at market
14.4%
of shares held by funds

Largest fund holders · Leonardo DRS, Inc.’s weight in each

1.98%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
First Trust RBA American Industrial Renaissance ETF
AIRR · First Trust Exchange-Traded Fund VI
0.77%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets
Invesco Aerospace & Defense ETF
PPA · Invesco Exchange-Traded Fund Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Leonardo DRS, Inc. and its peers compare on margins and cash generation over ten years?”
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