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Leonardo DRS (DRS) Financials

Leonardo DRS logo
$33.96 -0.30 (-0.88%)
Closing price 04:00 PM Eastern
Extended Trading
$33.66 -0.30 (-0.87%)
As of 06:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Leonardo DRS

Annual Income Statements for Leonardo DRS

This table shows Leonardo DRS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
75 85 154 405 168 213
Consolidated Net Income / (Loss)
75 85 154 405 168 213
Net Income / (Loss) Continuing Operations
75 85 154 405 168 213
Total Pre-Tax Income
95 112 200 525 192 264
Total Operating Income
163 181 236 561 231 293
Total Gross Profit
459 494 547 575 648 736
Total Revenue
2,714 2,778 2,879 2,693 2,826 3,234
Operating Revenue
2,714 2,778 2,879 2,693 2,826 3,234
Total Cost of Revenue
2,255 2,284 2,332 2,118 2,178 2,498
Operating Cost of Revenue
2,255 2,284 2,332 2,118 2,178 2,498
Total Operating Expenses
296 313 311 14 417 443
Selling, General & Admin Expense
277 283 293 357 384 414
Amortization Expense
9.00 9.00 9.00 10 22 22
Other Operating Expenses / (Income)
10 21 9.00 -353 11 7.00
Total Other Income / (Expense), net
-68 -69 -36 -36 -39 -29
Interest Expense
65 64 35 34 36 21
Other Income / (Expense), net
-3.00 -5.00 -1.00 -2.00 -3.00 -8.00
Income Tax Expense
20 27 46 120 24 51
Basic Earnings per Share
$0.52 $0.40 $0.73 $1.88 $0.64 $0.81
Weighted Average Basic Shares Outstanding
- - 145M 260.55M 262.63M 265.16M
Diluted Earnings per Share
$0.52 $0.40 $0.73 $1.88 $0.64 $0.80
Weighted Average Diluted Shares Outstanding
- - 145M 260.55M 262.63M 265.16M
Weighted Average Basic & Diluted Shares Outstanding
- - 145M 260.55M 262.63M 265.16M

Quarterly Income Statements for Leonardo DRS

This table shows Leonardo DRS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
279 65 12 35 47 74 29 38 57 89
Consolidated Net Income / (Loss)
279 65 12 35 47 74 29 38 57 89
Net Income / (Loss) Continuing Operations
279 65 12 35 47 74 29 38 57 89
Total Pre-Tax Income
367 78 16 33 48 95 37 47 69 111
Total Operating Income
376 87 25 42 59 105 43 55 75 120
Total Gross Profit
130 184 131 145 162 210 153 169 179 235
Total Revenue
634 820 569 628 703 926 688 753 812 981
Operating Revenue
634 820 569 628 703 926 688 753 812 981
Total Cost of Revenue
504 636 438 483 541 716 535 584 633 746
Operating Cost of Revenue
504 636 438 483 541 716 535 584 633 746
Total Operating Expenses
-246 97 106 103 103 105 110 114 104 115
Selling, General & Admin Expense
101 96 100 90 96 98 101 107 98 108
Amortization Expense
3.00 3.00 6.00 5.00 5.00 6.00 5.00 6.00 6.00 5.00
Other Operating Expenses / (Income)
-350 -2.00 0.00 8.00 2.00 1.00 4.00 1.00 0.00 2.00
Total Other Income / (Expense), net
-9.00 -9.00 -9.00 -9.00 -11 -10 -6.00 -8.00 -6.00 -9.00
Interest Expense
9.00 7.00 8.00 9.00 10 9.00 5.00 7.00 5.00 4.00
Other Income / (Expense), net
0.00 -2.00 -1.00 0.00 -1.00 -1.00 -1.00 -1.00 -1.00 -5.00
Income Tax Expense
88 13 4.00 -2.00 1.00 21 8.00 9.00 12 22
Basic Earnings per Share
$1.33 $0.26 $0.05 $0.14 $0.18 $0.27 $0.11 $0.14 $0.22 $0.34
Weighted Average Basic Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M
Diluted Earnings per Share
$1.33 $0.26 $0.05 $0.13 $0.18 $0.28 $0.11 $0.14 $0.21 $0.34
Weighted Average Diluted Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M
Weighted Average Basic & Diluted Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M

Annual Cash Flow Statements for Leonardo DRS

This table details how cash moves in and out of Leonardo DRS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
6.00 -24 179 66 161 131
Net Cash From Operating Activities
157 125 178 33 205 271
Net Cash From Continuing Operating Activities
157 125 178 33 205 271
Net Income / (Loss) Continuing Operations
75 85 154 405 168 213
Consolidated Net Income / (Loss)
75 85 154 405 168 213
Depreciation Expense
51 53 58 65 85 91
Non-Cash Adjustments To Reconcile Net Income
-166 67 -71 -411 -19 122
Changes in Operating Assets and Liabilities, net
197 -80 37 -26 -29 -155
Net Cash From Investing Activities
-151 -70 39 436 -59 -84
Net Cash From Continuing Investing Activities
-151 -70 39 436 -59 -84
Purchase of Property, Plant & Equipment
-55 -56 -60 -65 -60 -85
Acquisitions
-4.00 0.00 -14 19 0.00 0.00
Sale of Property, Plant & Equipment
8.00 5.00 0.00 0.00 1.00 1.00
Divestitures
- 0.00 0.00 482 0.00 0.00
Net Cash From Financing Activities
-1.00 -80 -38 -403 15 -56
Net Cash From Continuing Financing Activities
-1.00 -80 -38 -403 15 -56
Repayment of Debt
-881 -1,174 -950 -1,000 -731 -301
Repurchase of Common Equity
- - 0.00 0.00 -1.00 -19
Payment of Dividends
- 0.00 0.00 -396 0.00 0.00
Issuance of Debt
880 1,094 912 990 735 248
Issuance of Common Equity
- - 0.00 0.00 12 16
Other Financing Activities, net
- 0.00 0.00 3.00 0.00 0.00
Effect of Exchange Rate Changes
- 1.00 0.00 0.00 0.00 0.00

Quarterly Cash Flow Statements for Leonardo DRS

This table details how cash moves in and out of Leonardo DRS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-6.00 243 -132 -139 12 420 -307 -11 49 400
Net Cash From Operating Activities
-4.00 279 -334 -12 36 515 -265 34 59 443
Net Cash From Continuing Operating Activities
-4.00 279 -334 -12 36 515 -265 34 59 443
Net Income / (Loss) Continuing Operations
279 65 12 35 47 74 29 38 57 89
Consolidated Net Income / (Loss)
279 65 12 35 47 74 29 38 57 89
Depreciation Expense
17 17 22 20 21 22 22 23 23 23
Non-Cash Adjustments To Reconcile Net Income
-393 113 -92 -46 -39 158 -97 -21 45 195
Changes in Operating Assets and Liabilities, net
93 84 -276 -21 7.00 261 -219 -6.00 -66 136
Net Cash From Investing Activities
470 -12 -14 -12 -16 -17 -10 -34 -11 -29
Net Cash From Continuing Investing Activities
470 -12 -14 -12 -16 -17 -10 -34 -11 -29
Purchase of Property, Plant & Equipment
-13 -30 -15 -12 -15 -18 -10 -34 -12 -29
Net Cash From Financing Activities
-472 -24 216 -115 -8.00 -78 -32 -11 1.00 -14
Net Cash From Continuing Financing Activities
-472 -24 216 -115 -8.00 -78 -32 -11 1.00 -14
Repayment of Debt
-306 -342 -124 -175 -170 -262 -67 -114 -100 -20
Repurchase of Common Equity
- - -1.00 - - - -2.00 -2.00 - -15
Issuance of Debt
230 315 340 55 160 180 35 100 95 18
Issuance of Common Equity
- - 1.00 5.00 2.00 4.00 2.00 5.00 6.00 3.00

Annual Balance Sheets for Leonardo DRS

This table presents Leonardo DRS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
2,956 3,069 3,677 3,921 4,184
Total Current Assets
1,263 1,389 1,707 1,918 2,163
Cash & Equivalents
61 240 306 467 598
Accounts Receivable
102 156 166 151 253
Inventories, net
247 205 319 329 358
Prepaid Expenses
33 23 20 21 27
Other Current Assets
705 765 896 950 927
Plant, Property, & Equipment, net
0.00 364 0.00 0.00 0.00
Total Noncurrent Assets
1,693 1,316 1,970 2,003 2,021
Goodwill
1,057 1,071 1,236 1,238 1,238
Intangible Assets
60 52 172 151 132
Noncurrent Deferred & Refundable Income Taxes
87 56 66 123 120
Other Noncurrent Operating Assets
489 137 496 491 531
Total Liabilities & Shareholders' Equity
2,956 3,069 3,677 3,921 4,184
Total Liabilities
1,529 1,476 1,550 1,596 1,627
Total Current Liabilities
975 989 1,042 1,078 1,116
Short-Term Debt
53 41 29 57 25
Accounts Payable
478 479 457 398 426
Current Deferred Revenue
- - 233 335 399
Other Current Liabilities
444 469 323 288 266
Total Noncurrent Liabilities
554 487 508 518 511
Long-Term Debt
374 352 365 349 340
Noncurrent Deferred & Payable Income Tax Liabilities
- - 0.00 4.00 7.00
Noncurrent Employee Benefit Liabilities
88 61 45 36 34
Other Noncurrent Operating Liabilities
92 74 98 129 130
Commitments & Contingencies
- - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,427 1,593 2,127 2,325 2,557
Total Preferred & Common Equity
1,427 1,593 2,127 2,325 2,557
Preferred Stock
0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,427 1,593 2,127 2,325 2,557
Common Stock
4,634 4,634 5,150 5,178 5,197
Retained Earnings
-3,137 -2,983 -2,974 -2,806 -2,593
Accumulated Other Comprehensive Income / (Loss)
-70 -58 -49 -47 -47

Quarterly Balance Sheets for Leonardo DRS

This table presents Leonardo DRS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
2,931 3,681 3,662 3,713 3,781 3,819 3,861
Total Current Assets
1,431 1,712 1,697 1,740 1,772 1,805 1,860
Cash & Equivalents
63 174 35 47 160 149 198
Accounts Receivable
170 158 198 200 194 188 237
Inventories, net
246 364 378 383 342 367 363
Prepaid Expenses
- 19 17 17 23 31 29
Other Current Assets
952 997 1,069 1,093 1,053 1,070 1,033
Plant, Property, & Equipment, net
362 402 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
1,138 1,567 1,965 1,973 2,009 2,014 2,001
Goodwill
952 1,236 1,236 1,236 1,238 1,238 1,238
Intangible Assets
45 167 161 156 146 144 138
Noncurrent Deferred & Refundable Income Taxes
49 72 68 87 123 122 124
Other Noncurrent Operating Assets
92 92 500 494 502 510 501
Total Liabilities & Shareholders' Equity
2,931 3,681 3,662 3,713 3,781 3,819 3,861
Total Liabilities
1,393 1,538 1,473 1,471 1,426 1,413 1,387
Total Current Liabilities
912 1,019 943 951 902 896 880
Short-Term Debt
67 250 136 132 30 22 22
Accounts Payable
285 258 290 328 220 263 292
Current Deferred Revenue
195 - 292 258 361 348 315
Other Current Liabilities
365 511 225 233 291 263 251
Total Noncurrent Liabilities
481 519 530 520 524 517 507
Long-Term Debt
350 360 357 351 356 351 345
Noncurrent Deferred & Payable Income Tax Liabilities
- 6.00 8.00 8.00 4.00 4.00 6.00
Noncurrent Employee Benefit Liabilities
56 42 41 35 35 36 34
Other Noncurrent Operating Liabilities
75 111 124 126 129 126 122
Commitments & Contingencies
- - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,538 2,143 2,189 2,242 2,355 2,406 2,474
Total Preferred & Common Equity
1,538 2,143 2,189 2,242 2,355 2,406 2,474
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,538 2,143 2,189 2,242 2,355 2,406 2,474
Common Stock
4,634 5,154 5,163 5,169 5,179 5,192 5,203
Retained Earnings
-3,039 -2,962 -2,927 -2,880 -2,777 -2,739 -2,682
Accumulated Other Comprehensive Income / (Loss)
-57 -49 -47 -47 -47 -47 -47

Annual Metrics and Ratios for Leonardo DRS

This table displays calculated financial ratios and metrics derived from Leonardo DRS's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 2.36% 3.64% -6.46% 4.94% 14.44%
EBITDA Growth
0.00% 8.53% 27.95% 112.97% -49.84% 20.13%
EBIT Growth
0.00% 10.00% 33.52% 137.87% -59.21% 25.00%
NOPAT Growth
0.00% 6.75% 32.29% 138.15% -53.30% 16.96%
Net Income Growth
0.00% 13.33% 81.18% 162.99% -58.52% 26.79%
EPS Growth
0.00% -23.08% 82.50% 157.53% -65.96% 25.00%
Operating Cash Flow Growth
0.00% -20.38% 42.40% -81.46% 521.21% 32.20%
Free Cash Flow Firm Growth
0.00% 0.00% 113.81% -115.84% 522.66% 15.20%
Invested Capital Growth
0.00% 0.00% -2.62% 26.86% 2.21% 2.65%
Revenue Q/Q Growth
0.00% 0.00% -16.98% 0.00% 3.90% 1.73%
EBITDA Q/Q Growth
0.00% 0.00% 1.38% 1.13% 8.30% 3.30%
EBIT Q/Q Growth
0.00% 0.00% 1.29% 0.72% 9.09% 4.01%
NOPAT Q/Q Growth
0.00% 0.00% 3.18% 1.88% 4.44% 6.51%
Net Income Q/Q Growth
0.00% 0.00% 7.69% 1.76% 5.66% 7.58%
EPS Q/Q Growth
0.00% 0.00% -8.75% 11.24% 3.23% 8.11%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -27.05% -23.26% 761.29% -20.99%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -107.54% 125.85% -31.35%
Invested Capital Q/Q Growth
0.00% 0.00% -10.37% 17.07% -15.46% -12.07%
Profitability Metrics
- - - - - -
Gross Margin
16.91% 17.78% 19.00% 21.35% 22.93% 22.76%
EBITDA Margin
7.77% 8.24% 10.18% 23.17% 11.08% 11.63%
Operating Margin
6.01% 6.52% 8.20% 20.83% 8.17% 9.06%
EBIT Margin
5.90% 6.34% 8.16% 20.76% 8.07% 8.81%
Profit (Net Income) Margin
2.76% 3.06% 5.35% 15.04% 5.94% 6.59%
Tax Burden Percent
78.95% 75.89% 77.00% 77.14% 87.50% 80.68%
Interest Burden Percent
59.38% 63.64% 85.11% 93.92% 84.21% 92.63%
Effective Tax Rate
21.05% 24.11% 23.00% 22.86% 12.50% 19.32%
Return on Invested Capital (ROIC)
0.00% 15.32% 10.27% 21.85% 9.03% 10.31%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -13.29% -0.41% -1.20% -243.75% 26.22%
Return on Net Nonoperating Assets (RNNOA)
0.00% -3.41% -0.07% -0.08% -1.48% -1.58%
Return on Equity (ROE)
0.00% 11.91% 10.20% 21.77% 7.55% 8.73%
Cash Return on Invested Capital (CROIC)
0.00% -184.68% 12.93% -1.83% 6.84% 7.69%
Operating Return on Assets (OROA)
0.00% 5.95% 7.80% 16.57% 6.00% 7.03%
Return on Assets (ROA)
0.00% 2.88% 5.11% 12.01% 4.42% 5.26%
Return on Common Equity (ROCE)
0.00% 11.91% 10.20% 21.77% 7.55% 8.73%
Return on Equity Simple (ROE_SIMPLE)
0.00% 5.96% 9.67% 19.04% 7.23% 8.33%
Net Operating Profit after Tax (NOPAT)
129 137 182 433 202 236
NOPAT Margin
4.74% 4.94% 6.31% 16.07% 7.15% 7.31%
Net Nonoperating Expense Percent (NNEP)
0.00% 28.62% 10.68% 23.05% 252.78% -15.92%
Return On Investment Capital (ROIC_SIMPLE)
- - - 17.17% 7.40% 8.09%
Cost of Revenue to Revenue
83.09% 82.22% 81.00% 78.65% 77.07% 77.24%
SG&A Expenses to Revenue
10.21% 10.19% 10.18% 13.26% 13.59% 12.80%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
10.91% 11.27% 10.80% 0.52% 14.76% 13.70%
Earnings before Interest and Taxes (EBIT)
160 176 235 559 228 285
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
211 229 293 624 313 376
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.47 0.00 0.87 2.26 3.34
Price to Tangible Book Value (P/TBV)
0.00 2.16 0.00 2.58 5.62 7.20
Price to Revenue (P/Rev)
0.25 0.24 0.00 0.69 1.86 2.64
Price to Earnings (P/E)
8.93 7.88 0.00 4.58 31.30 40.11
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
11.20% 12.69% 0.00% 21.86% 3.20% 2.49%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.58 0.00 0.88 2.30 3.58
Enterprise Value to Revenue (EV/Rev)
0.00 0.37 0.00 0.72 1.84 2.57
Enterprise Value to EBITDA (EV/EBITDA)
0.00 4.52 0.00 3.11 16.60 22.10
Enterprise Value to EBIT (EV/EBIT)
0.00 5.89 0.00 3.47 22.79 29.16
Enterprise Value to NOPAT (EV/NOPAT)
0.00 7.54 0.00 4.49 25.71 35.15
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 8.29 0.00 58.82 25.35 30.66
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 33.94 47.11
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.30 0.25 0.19 0.17 0.14
Long-Term Debt to Equity
0.00 0.26 0.22 0.17 0.15 0.13
Financial Leverage
0.00 0.26 0.17 0.06 0.01 -0.06
Leverage Ratio
0.00 2.07 2.00 1.81 1.71 1.66
Compound Leverage Factor
0.00 1.32 1.70 1.70 1.44 1.54
Debt to Total Capital
0.00% 23.03% 19.79% 15.63% 14.87% 12.49%
Short-Term Debt to Total Capital
0.00% 2.86% 2.06% 1.15% 2.09% 0.86%
Long-Term Debt to Total Capital
0.00% 20.17% 17.72% 14.48% 12.78% 11.64%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 76.97% 80.21% 84.37% 85.13% 87.51%
Debt to EBITDA
0.00 1.86 1.34 0.63 1.30 0.97
Net Debt to EBITDA
0.00 1.60 0.52 0.14 -0.19 -0.62
Long-Term Debt to EBITDA
0.00 1.63 1.20 0.58 1.12 0.90
Debt to NOPAT
0.00 3.11 2.16 0.91 2.01 1.54
Net Debt to NOPAT
0.00 2.66 0.84 0.20 -0.30 -0.99
Long-Term Debt to NOPAT
0.00 2.72 1.94 0.84 1.73 1.44
Altman Z-Score
0.00 0.03 0.00 1.04 2.14 3.58
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 1.30 1.40 1.64 1.78 1.94
Quick Ratio
0.00 0.29 0.40 0.45 0.57 0.76
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -1,656 229 -36 153 176
Operating Cash Flow to CapEx
334.04% 245.10% 296.67% 50.77% 347.46% 322.62%
Free Cash Flow to Firm to Interest Expense
0.00 -25.87 6.53 -1.07 4.25 8.40
Operating Cash Flow to Interest Expense
2.42 1.95 5.09 0.97 5.69 12.90
Operating Cash Flow Less CapEx to Interest Expense
1.69 1.16 3.37 -0.94 4.06 8.90
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.94 0.96 0.80 0.74 0.80
Accounts Receivable Turnover
0.00 27.24 22.32 16.73 17.83 16.01
Inventory Turnover
0.00 9.25 10.32 8.08 6.72 7.27
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 4.78 4.87 4.53 5.09 6.06
Days Sales Outstanding (DSO)
0.00 13.40 16.35 21.82 20.47 22.80
Days Inventory Outstanding (DIO)
0.00 39.47 35.37 45.15 54.30 50.19
Days Payable Outstanding (DPO)
0.00 76.39 74.89 80.65 71.64 60.20
Cash Conversion Cycle (CCC)
0.00 -23.51 -23.17 -13.68 3.13 12.79
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 1,793 1,746 2,215 2,264 2,324
Invested Capital Turnover
0.00 3.10 1.63 1.36 1.26 1.41
Increase / (Decrease) in Invested Capital
0.00 1,793 -47 469 49 60
Enterprise Value (EV)
0.00 1,036 0.00 1,941 5,197 8,310
Market Capitalization
670 670 0.00 1,853 5,258 8,543
Book Value per Share
$0.00 $44.73 $10.99 $14.67 $8.86 $9.67
Tangible Book Value per Share
$0.00 $9.72 $3.24 $4.96 $3.57 $4.49
Total Capital
0.00 1,854 1,986 2,521 2,731 2,922
Total Debt
0.00 427 393 394 406 365
Total Long-Term Debt
0.00 374 352 365 349 340
Net Debt
0.00 366 153 88 -61 -233
Capital Expenditures (CapEx)
47 51 60 65 59 84
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 280 201 388 430 474
Debt-free Net Working Capital (DFNWC)
0.00 341 441 694 897 1,072
Net Working Capital (NWC)
0.00 288 400 665 840 1,047
Net Nonoperating Expense (NNE)
54 52 28 28 34 23
Net Nonoperating Obligations (NNO)
0.00 366 153 88 -61 -233
Total Depreciation and Amortization (D&A)
51 53 58 65 85 91
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 10.08% 6.98% 14.41% 15.22% 14.66%
Debt-free Net Working Capital to Revenue
0.00% 12.28% 15.32% 25.77% 31.74% 33.15%
Net Working Capital to Revenue
0.00% 10.37% 13.89% 24.69% 29.72% 32.37%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $1.06 $1.88 $0.64 $0.81
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 145M 260.55M 262.63M 265.16M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $1.06 $1.88 $0.64 $0.80
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 145M 260.55M 262.63M 265.16M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 145M 260.55M 262.63M 265.16M
Normalized Net Operating Profit after Tax (NOPAT)
129 137 182 433 202 236
Normalized NOPAT Margin
4.74% 4.94% 6.31% 16.07% 7.15% 7.31%
Pre Tax Income Margin
3.50% 4.03% 6.95% 19.50% 6.79% 8.16%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
2.46 2.75 6.71 16.44 6.33 13.57
NOPAT to Interest Expense
1.98 2.15 5.19 12.73 5.61 11.26
EBIT Less CapEx to Interest Expense
1.74 1.95 5.00 14.53 4.69 9.57
NOPAT Less CapEx to Interest Expense
1.26 1.35 3.48 10.82 3.98 7.26
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 97.78% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 97.78% 0.60% 8.92%

Quarterly Metrics and Ratios for Leonardo DRS

This table displays calculated financial ratios and metrics derived from Leonardo DRS's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-11.94% 0.00% -7.03% 0.16% 10.88% 12.93% 20.91% 19.90% 15.51% 5.94%
EBITDA Growth
477.94% 7.37% -35.21% 6.90% -79.90% 23.53% 39.13% 24.19% 22.78% 9.52%
EBIT Growth
623.08% 4.94% -57.14% 0.00% -84.57% 22.35% 75.00% 28.57% 27.59% 10.58%
NOPAT Growth
562.60% 12.65% -55.36% 35.76% -79.79% 12.81% 79.75% -0.17% 7.25% 17.64%
Net Income Growth
697.14% 12.07% -66.67% 40.00% -83.15% 13.85% 141.67% 8.57% 21.28% 20.27%
EPS Growth
454.17% 271.43% -70.59% 8.33% -86.47% 7.69% 120.00% 7.69% 16.67% 21.43%
Operating Cash Flow Growth
-105.41% -3.46% -30.98% -192.31% 1,000.00% 84.59% 20.66% 383.33% 63.89% -13.98%
Free Cash Flow Firm Growth
117.95% -456.06% -853.87% -1,335.42% -313.03% 108.27% 105.01% 109.42% 113.31% 10.45%
Invested Capital Growth
-2.87% 26.86% 33.84% 35.74% 41.54% 2.21% 0.08% -0.64% -1.31% 2.65%
Revenue Q/Q Growth
1.12% 29.34% -30.61% 10.37% 11.94% 31.72% -25.70% 9.45% 7.84% 20.81%
EBITDA Q/Q Growth
577.59% -74.05% -54.90% 34.78% 27.42% 59.49% -49.21% 20.31% 25.97% 42.27%
EBIT Q/Q Growth
795.24% -77.39% -71.76% 75.00% 38.10% 79.31% -59.62% 28.57% 37.04% 55.41%
NOPAT Q/Q Growth
771.14% -74.64% -74.14% 137.58% 29.69% 41.58% -58.79% 31.94% 39.33% 55.30%
Net Income Q/Q Growth
1,016.00% -76.70% -81.54% 191.67% 34.29% 57.45% -60.81% 31.03% 50.00% 56.14%
EPS Q/Q Growth
1,008.33% -80.45% -80.77% 160.00% 38.46% 55.56% -60.71% 27.27% 50.00% 61.90%
Operating Cash Flow Q/Q Growth
-130.77% 7,075.00% -219.71% 96.41% 400.00% 1,330.56% -151.46% 112.83% 73.53% 650.85%
Free Cash Flow Firm Q/Q Growth
547.27% -215.99% -59.71% -3.03% -11.61% 104.50% -3.31% 93.89% 57.73% -62.65%
Invested Capital Q/Q Growth
-2.97% 17.07% 16.43% 2.64% 1.17% -15.46% 14.00% 1.90% 0.49% -12.07%
Profitability Metrics
- - - - - - - - - -
Gross Margin
20.50% 22.44% 23.02% 23.09% 23.04% 22.68% 22.24% 22.44% 22.04% 23.96%
EBITDA Margin
61.99% 12.44% 8.08% 9.87% 11.24% 13.61% 9.30% 10.23% 11.95% 14.07%
Operating Margin
59.31% 10.61% 4.39% 6.69% 8.39% 11.34% 6.25% 7.30% 9.24% 12.23%
EBIT Margin
59.31% 10.37% 4.22% 6.69% 8.25% 11.23% 6.10% 7.17% 9.11% 11.72%
Profit (Net Income) Margin
44.01% 7.93% 2.11% 5.57% 6.69% 7.99% 4.22% 5.05% 7.02% 9.07%
Tax Burden Percent
76.02% 83.33% 75.00% 106.06% 97.92% 77.89% 78.38% 80.85% 82.61% 80.18%
Interest Burden Percent
97.61% 91.76% 66.67% 78.57% 82.76% 91.35% 88.10% 87.04% 93.24% 96.52%
Effective Tax Rate
23.98% 16.67% 25.00% -6.06% 2.08% 22.11% 21.62% 19.15% 17.39% 19.82%
Return on Invested Capital (ROIC)
63.24% 12.02% 3.88% 8.18% 9.78% 11.15% 5.59% 6.87% 9.12% 13.83%
ROIC Less NNEP Spread (ROIC-NNEP)
61.46% 5.80% 2.02% 5.64% 7.06% -46.55% 4.17% 4.97% 7.48% 18.74%
Return on Net Nonoperating Assets (RNNOA)
15.47% 0.38% 0.39% 1.10% 1.47% -0.28% 0.61% 0.74% 0.96% -1.13%
Return on Equity (ROE)
78.70% 12.40% 4.27% 9.28% 11.26% 10.86% 6.21% 7.61% 10.08% 12.70%
Cash Return on Invested Capital (CROIC)
25.04% -1.83% -10.76% -12.07% -25.93% 6.84% 8.30% 8.87% 9.66% 7.69%
Operating Return on Assets (OROA)
54.91% 8.28% 3.33% 5.29% 6.76% 8.35% 4.82% 5.89% 7.65% 9.36%
Return on Assets (ROA)
40.75% 6.33% 1.66% 4.41% 5.47% 5.94% 3.33% 4.14% 5.89% 7.24%
Return on Common Equity (ROCE)
78.70% 12.40% 4.27% 9.28% 11.26% 10.86% 6.21% 7.61% 10.08% 12.70%
Return on Equity Simple (ROE_SIMPLE)
25.88% 0.00% 17.78% 17.86% 7.09% 0.00% 7.86% 7.81% 8.00% 0.00%
Net Operating Profit after Tax (NOPAT)
286 73 19 45 58 82 34 44 62 96
NOPAT Margin
45.09% 8.84% 3.30% 7.09% 8.22% 8.83% 4.90% 5.91% 7.63% 9.81%
Net Nonoperating Expense Percent (NNEP)
1.77% 6.22% 1.85% 2.55% 2.73% 57.70% 1.42% 1.90% 1.64% -4.91%
Return On Investment Capital (ROIC_SIMPLE)
- 2.88% - - - 2.99% - - - 3.29%
Cost of Revenue to Revenue
79.50% 77.56% 76.98% 76.91% 76.96% 77.32% 77.76% 77.56% 77.96% 76.04%
SG&A Expenses to Revenue
15.93% 11.71% 17.57% 14.33% 13.66% 10.58% 14.68% 14.21% 12.07% 11.01%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
-38.80% 11.83% 18.63% 16.40% 14.65% 11.34% 15.99% 15.14% 12.81% 11.72%
Earnings before Interest and Taxes (EBIT)
376 85 24 42 58 104 42 54 74 115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
393 102 46 62 79 126 64 77 97 138
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.87 1.58 2.07 1.95 2.26 2.46 2.79 3.01 3.34
Price to Tangible Book Value (P/TBV)
0.00 2.58 4.57 5.71 5.15 5.62 5.97 6.56 6.78 7.20
Price to Revenue (P/Rev)
0.00 0.69 1.28 1.71 1.61 1.86 1.97 2.19 2.34 2.64
Price to Earnings (P/E)
0.00 4.58 8.87 11.57 27.52 31.30 31.33 35.71 37.58 40.11
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 21.86% 11.27% 8.64% 3.63% 3.20% 3.19% 2.80% 2.66% 2.49%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.88 1.48 1.88 1.80 2.30 2.33 2.64 2.88 3.58
Enterprise Value to Revenue (EV/Rev)
0.00 0.72 1.44 1.88 1.77 1.84 2.04 2.26 2.39 2.57
Enterprise Value to EBITDA (EV/EBITDA)
0.00 3.11 6.37 8.26 16.65 16.60 18.19 20.05 20.91 22.10
Enterprise Value to EBIT (EV/EBIT)
0.00 3.47 7.24 9.46 23.02 22.79 24.48 26.89 27.78 29.16
Enterprise Value to NOPAT (EV/NOPAT)
0.00 4.49 9.31 11.88 24.86 25.71 27.84 31.97 34.29 35.15
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 58.82 0.00 0.00 0.00 25.35 21.98 21.68 22.19 30.66
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 33.94 28.10 29.65 29.62 47.11
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.27 0.19 0.28 0.23 0.22 0.17 0.16 0.16 0.15 0.14
Long-Term Debt to Equity
0.23 0.17 0.17 0.16 0.16 0.15 0.15 0.15 0.14 0.13
Financial Leverage
0.25 0.06 0.19 0.20 0.21 0.01 0.15 0.15 0.13 -0.06
Leverage Ratio
1.90 1.81 1.78 1.74 1.76 1.71 1.66 1.63 1.61 1.66
Compound Leverage Factor
1.85 1.66 1.18 1.37 1.45 1.56 1.46 1.42 1.50 1.60
Debt to Total Capital
21.33% 15.63% 22.16% 18.38% 17.72% 14.87% 14.08% 13.42% 12.92% 12.49%
Short-Term Debt to Total Capital
3.43% 1.15% 9.08% 5.07% 4.84% 2.09% 1.09% 0.79% 0.77% 0.86%
Long-Term Debt to Total Capital
17.90% 14.48% 13.08% 13.31% 12.88% 12.78% 12.99% 12.63% 12.14% 11.64%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
78.67% 84.37% 77.84% 81.62% 82.28% 85.13% 85.92% 86.58% 87.08% 87.51%
Debt to EBITDA
0.68 0.63 1.02 0.82 1.67 1.30 1.17 1.08 1.01 0.97
Net Debt to EBITDA
0.57 0.14 0.73 0.76 1.51 -0.19 0.68 0.65 0.46 -0.62
Long-Term Debt to EBITDA
0.57 0.58 0.60 0.59 1.21 1.12 1.08 1.01 0.95 0.90
Debt to NOPAT
0.98 0.91 1.49 1.18 2.50 2.01 1.78 1.72 1.65 1.54
Net Debt to NOPAT
0.83 0.20 1.06 1.09 2.25 -0.30 1.05 1.03 0.76 -0.99
Long-Term Debt to NOPAT
0.82 0.84 0.88 0.85 1.81 1.73 1.65 1.62 1.55 1.44
Altman Z-Score
0.00 0.61 1.16 1.73 1.74 2.04 2.50 2.98 3.44 3.45
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.57 1.64 1.68 1.80 1.83 1.78 1.96 2.01 2.11 1.94
Quick Ratio
0.26 0.45 0.33 0.25 0.26 0.57 0.39 0.38 0.49 0.76
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
342 -397 -633 -652 -728 33 32 61 97 36
Operating Cash Flow to CapEx
-30.77% 930.00% -2,385.71% -100.00% 225.00% 3,029.41% -2,650.00% 100.00% 536.36% 1,527.59%
Free Cash Flow to Firm to Interest Expense
37.98 -56.64 -79.16 -72.49 -72.82 3.64 6.34 8.78 19.39 9.05
Operating Cash Flow to Interest Expense
-0.44 39.86 -41.75 -1.33 3.60 57.22 -53.00 4.86 11.80 110.75
Operating Cash Flow Less CapEx to Interest Expense
-1.89 35.57 -43.50 -2.67 2.00 55.33 -55.00 0.00 9.60 103.50
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.93 0.80 0.79 0.79 0.82 0.74 0.79 0.82 0.84 0.80
Accounts Receivable Turnover
20.25 16.73 18.40 16.41 14.70 17.83 16.73 15.91 14.55 16.01
Inventory Turnover
9.32 8.08 6.98 6.57 6.67 6.72 6.44 6.38 6.62 7.27
Fixed Asset Turnover
0.00 0.00 6.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
7.54 4.53 8.21 7.09 6.85 5.09 9.52 8.59 7.96 6.06
Days Sales Outstanding (DSO)
18.03 21.82 19.83 22.24 24.83 20.47 21.81 22.95 25.09 22.80
Days Inventory Outstanding (DIO)
39.15 45.15 52.26 55.52 54.72 54.30 56.64 57.22 55.16 50.19
Days Payable Outstanding (DPO)
48.41 80.65 44.44 51.45 53.32 71.64 38.35 42.48 45.85 60.20
Cash Conversion Cycle (CCC)
8.77 -13.68 27.65 26.31 26.22 3.13 40.10 37.69 34.40 12.79
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,892 2,215 2,579 2,647 2,678 2,264 2,581 2,630 2,643 2,324
Invested Capital Turnover
1.40 1.36 1.18 1.15 1.19 1.26 1.14 1.16 1.19 1.41
Increase / (Decrease) in Invested Capital
-56 469 652 697 786 49 2.00 -17 -35 60
Enterprise Value (EV)
0.00 1,941 3,815 4,984 4,811 5,197 6,022 6,937 7,611 8,310
Market Capitalization
0.00 1,853 3,379 4,526 4,375 5,258 5,796 6,713 7,442 8,543
Book Value per Share
$10.61 $14.67 $8.23 $8.39 $8.56 $8.86 $8.95 $9.14 $9.38 $9.67
Tangible Book Value per Share
$3.73 $4.96 $2.84 $3.03 $3.24 $3.57 $3.69 $3.89 $4.16 $4.49
Total Capital
1,955 2,521 2,753 2,682 2,725 2,731 2,741 2,779 2,841 2,922
Total Debt
417 394 610 493 483 406 386 373 367 365
Total Long-Term Debt
350 365 360 357 351 349 356 351 345 340
Net Debt
354 88 436 458 436 -61 226 224 169 -233
Capital Expenditures (CapEx)
13 30 14 12 16 17 10 34 11 29
Debt-free, Cash-free Net Working Capital (DFCFNWC)
523 388 769 855 874 430 740 782 804 474
Debt-free Net Working Capital (DFNWC)
586 694 943 890 921 897 900 931 1,002 1,072
Net Working Capital (NWC)
519 665 693 754 789 840 870 909 980 1,047
Net Nonoperating Expense (NNE)
6.84 7.50 6.75 9.55 11 7.79 4.70 6.47 4.96 7.22
Net Nonoperating Obligations (NNO)
354 88 436 458 436 -61 226 224 169 -233
Total Depreciation and Amortization (D&A)
17 17 22 20 21 22 22 23 23 23
Debt-free, Cash-free Net Working Capital to Revenue
19.42% 14.41% 29.02% 32.25% 32.13% 15.22% 25.13% 25.47% 25.29% 14.66%
Debt-free Net Working Capital to Revenue
21.76% 25.77% 35.58% 33.57% 33.86% 31.74% 30.56% 30.33% 31.52% 33.15%
Net Working Capital to Revenue
19.27% 24.69% 26.15% 28.44% 29.01% 29.72% 29.54% 29.61% 30.83% 32.37%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.92 $0.26 $0.05 $0.14 $0.18 $0.27 $0.11 $0.14 $0.22 $0.34
Adjusted Weighted Average Basic Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M
Adjusted Diluted Earnings per Share
$1.92 $0.26 $0.05 $0.13 $0.18 $0.28 $0.11 $0.14 $0.21 $0.34
Adjusted Weighted Average Diluted Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
145M 260.55M 261M 262M 262.37M 262.63M 263.14M 263.70M 264.40M 265.16M
Normalized Net Operating Profit after Tax (NOPAT)
286 73 19 29 58 82 34 44 62 96
Normalized NOPAT Margin
45.09% 8.84% 3.30% 4.68% 8.22% 8.83% 4.90% 5.91% 7.63% 9.81%
Pre Tax Income Margin
57.89% 9.51% 2.81% 5.25% 6.83% 10.26% 5.38% 6.24% 8.50% 11.32%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
41.78 12.14 3.00 4.67 5.80 11.56 8.40 7.71 14.80 28.75
NOPAT to Interest Expense
31.76 10.36 2.34 4.95 5.78 9.09 6.74 6.35 12.39 24.05
EBIT Less CapEx to Interest Expense
40.33 7.86 1.25 3.33 4.20 9.67 6.40 2.86 12.60 21.50
NOPAT Less CapEx to Interest Expense
30.32 6.07 0.59 3.62 4.18 7.20 4.74 1.50 10.19 16.80
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
99.50% 97.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
99.50% 97.78% 0.26% 0.26% 0.63% 0.60% 1.08% 2.13% 2.02% 8.92%

Frequently Asked Questions About Leonardo DRS's Financials

When does Leonardo DRS's fiscal year end?

According to the most recent income statement we have on file, Leonardo DRS's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Leonardo DRS's net income changed over the last 5 years?

Leonardo DRS's net income appears to be on an upward trend, with a most recent value of $213 million in 2024, rising from $75 million in 2019. The previous period was $168 million in 2023.

What is Leonardo DRS's operating income?
Leonardo DRS's total operating income in 2024 was $293 million, based on the following breakdown:
  • Total Gross Profit: $736 million
  • Total Operating Expenses: $443 million
How has Leonardo DRS revenue changed over the last 5 years?

Over the last 5 years, Leonardo DRS's total revenue changed from $2.71 billion in 2019 to $3.23 billion in 2024, a change of 19.2%.

How much debt does Leonardo DRS have?

Leonardo DRS's total liabilities were at $1.63 billion at the end of 2024, a 1.9% increase from 2023, and a 6.4% increase since 2020.

How much cash does Leonardo DRS have?

In the past 4 years, Leonardo DRS's cash and equivalents has ranged from $61 million in 2020 to $598 million in 2024, and is currently $598 million as of their latest financial filing in 2024.

How has Leonardo DRS's book value per share changed over the last 5 years?

Over the last 5 years, Leonardo DRS's book value per share changed from 0.00 in 2019 to 9.67 in 2024, a change of 967.1%.

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This page (NASDAQ:DRS) was last updated on 4/10/2025 by MarketBeat.com Staff
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