Latest revenue
$846.0M
as of 2026-03-31
Latest net income
$62.0M
as of 2026-03-31
Net margin
7.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $11.98B
- Enterprise value
- $11.98B
- P/E (trailing)
- 43.1×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.8%
- 52-wk high
- $49.31
- 52-wk low
- $32.43
- Beta
- —
- Shares out
- 266.8M
5-year trend
What this company does
ITEM 1. BUSINESS Overview Leonardo DRS, Inc. provides advanced defense technology to U.S. national security customers and allied defense forces worldwide. We specialize in the design, development, manufacture, and integration of advanced sensing, network computing, force protection, and electric power and propulsion technologies and solutions. As a mid-sized defense technology company, our combination of operational speed and agility, deep domain expertise, and established positions on priority defense platforms has resulted in a durable and diversified portfolio of programs across the DoW. We believe DRS is well positioned to support current operational requirements, while facilitating the…
AI summary unavailable — showing raw filing excerpt
Generated from DRS's filing dated 2026-02-27
Key risks
ITEM 1A. RISK FACTORS You should carefully consider the risks and uncertainties described below, as well as other information contained in this Annual Report, including the notes to our consolidated financial statements and the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” when evaluating our business. The risks described below are not the only ones facing us, and are not necessarily presented in the order of importance. The list of summary risk factors below should be read in conjunction with the remainder of this “Risk Factors” section and should not be relied upon as an exhaustive summary of the material risks we face. The…
AI summary unavailable — showing raw filing excerpt
Generated from DRS's filing dated 2026-02-27
Profitability
Gross margin
23.8%
4.7%Operating margin
9.5%
5.3%Net margin
7.6%
15.7%Return on equity
10.2%
22.2%Return on assets
6.2%
21.7%Leverage
Debt / equity
0.64×
1.1%Long-term debt / equity
0.12×
11.6%Debt / assets
39.1%
0.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $846.0M | +5.9% | $62.0M | +24.0% | 7.3% |
Q4 2025 2025-12-31 | $1.06B | +8.1% | $102.0M | +14.6% | 9.6% |
Q3 2025 2025-09-30 | $960.0M | +18.2% | $72.0M | +26.3% | 7.5% |
Q2 2025 2025-06-30 | $829.0M | +10.1% | $54.0M | +42.1% | 6.5% |
Q1 2025 2025-03-31 | $799.0M | +16.1% | $50.0M | +72.4% | 6.3% |
Q4 2024 2024-12-31 | $981.0M | — | $89.0M | — | 9.1% |
Q3 2024 2024-09-30 | $812.0M | +15.5% | $57.0M | +21.3% | 7.0% |
Q2 2024 2024-06-30 | $753.0M | +19.9% | $38.0M | +8.6% | 5.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Search, Detection, Navigation, Guidance, Aeronautical Sys · SIC 3812
Your notes
Keep private notes on DRS — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$1.1M
Insider selling
$7.8M
Net activity
−$6.8M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DRS
Institutional value
$1.58B
Total shares held
36.2M
Distinct holders
208
-106 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.1M | $228.4M | +115.5K (+2.3%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.7M | $164.7M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.5M | $158.0M | — | New |
| 4 | Voya Investment Management LLC | 3.2M | $140.5M | +1.6M (+96.7%) | Added |
| 5 | Invesco Ltd. | 2.3M | $103.2M | +597.6K (+34.7%) | Added |
| 6 | FIRST TRUST ADVISORS LP | 2.2M | $99.2M | -183.1K (-7.6%) | Trimmed |
| 7 | Stephens Investment Management Group LLC | 2.1M | $94.3M | +1.1M (+107.6%) | Added |
| 8 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $88.3M | -13.0K (-0.7%) | Trimmed |
| 9 | Capital International Investors | 1.1M | $48.8M | — | New |
| 10 | UBS Group AG | 904.3K | $40.3M | +33.8K (+3.9%) | Added |
| 11 | Nuveen, LLC | 818.3K | $36.4M | -372.2K (-31.3%) | Trimmed |
| 12 | Munro Partners | 626.9K | $27.9M | +298.8K (+91.1%) | Added |
| 13 | Connor, Clark & Lunn Investment Management Ltd. | 610.7K | $27.2M | +159.7K (+35.4%) | Added |
| 14 | Bank of New York Mellon Corp | 517.2K | $23.0M | +15.3K (+3.1%) | Added |
| 15 | VANGUARD FIDUCIARY TRUST CO | 484.3K | $21.6M | — | New |
| 16 | FRANKLIN RESOURCES INC | 365.9K | $16.3M | +218.1K (+147.5%) | Added |
| 17 | FEDERATED HERMES, INC. | 310.7K | $13.8M | +14.9K (+5.0%) | Added |
| 18 | Y.D. More Investments Ltd | 298.0K | $13.3M | +0 (+0.0%) | No change |
| 19 | Herald Investment Management Ltd | 285.0K | $12.7M | +0 (+0.0%) | No change |
| 20 | ROYCE & ASSOCIATES LP | 282.7K | $12.6M | -14.1K (-4.7%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once DRS's latest filing finishes processing.