Company Analysis

Leonardo DRS, Inc. (DRS)

Nasdaq: DRS · Search, Detection, Navigation, Guidance, Aeronautical Sys · Arlington, VA · filing with the SEC since 2020
Grade4.7
◀ Past 4.4● Present 4.8▶ Future 5.0

The grade of Leonardo DRS, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past4.430% of the headline
● Present4.840% of the headline
▶ Future5.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

2 warning events since 2020; the latest 2022-03-31.

weight 33% of this tense · 45th percentile among 10 sector filers · read for itself

From the record

Leonardo DRS, Inc.'s filings since 2020 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2022-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.6/10

What has it actually done, year after year?

+5.1% a year over 7 filed years; profitable in 7 of 7.

weight 45% of this tense · 46th percentile among 9 sector filers · read for its customers

From the record

Leonardo DRS, Inc.'s 7 filed years say what it did: revenue went from $2.7 billion in fiscal 2019 to $3.6 billion in fiscal 2025, up 5.1% a year; it rose in 5 of 6 years; the deepest fall was 6% from fiscal 2021 to fiscal 2022; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.1%bottom 6% of its family
  • the share of years revenue rosetop 39% of its family
  • the share of filed years with a profittop 33% of its family
  • the deepest fall from a revenue peak6.5%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.7/10

How has it treated the people who own it?

Share count grew 7.7% a year. 4% of cash flow returned. Insiders: 23 sales, 1 purchases.

weight 22% of this tense · 37th percentile among 7 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Leonardo DRS, Inc.'s diluted share count grew about 7.7% a year, and dividends and buybacks returned about 4% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 23 sales (20 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-11-03, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 39% of its family
  • cash returned against operating cash flowbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.6/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.

weight 45% of this tense · 46th percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Leonardo DRS, Inc. earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 19 cents per dollar of everything the company owns. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitytop 36% of its family
  • gross profit against assetsbottom 30% of its family
  • the share count against the year beforebottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 9 in its family; net margin 7.6%.

weight 33% of this tense · 52nd percentile among 9 sector filers · read for its customers

From the record

Leonardo DRS, Inc.'s standing among 9 graded names in its industry family: revenue of $3.6 billion in fiscal 2025 ranks in the top 50% by size; a net margin of 7.6% ranks in the bottom 44%; revenue growth of 10.6% a year over the last 3 filed years ranks in the top 39% (its annual reports).

What it rests on

  • revenue against the family$3.65Btop 50% of its family
  • net margin7.6%bottom 44% of its family
  • three-year revenue growth10.6%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.7/10

What are the people in charge doing?

bottom 47% of 8 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 47th percentile among 8 sector filers · read for its shareholders

From the record

Leonardo DRS, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Baylouny, John (President and CEO, as filed), filing under that title since 2026-04-03, 7 months (bottom 21% of its family); most of the 15 officers and directors filing now have filed since the record of its people begins (2022-11-28), a floor of 4 years the record cannot see past, so that part is not read; 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 15 peopletop 28% of its family
  • the chief executive's years on the record7 monthsbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.1/10

How much room does it have to grow?

bottom 31% of 8 in its family for room to expand.

weight 45% of this tense · 31st percentile among 8 sector filers · read for itself

From the record

Leonardo DRS, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $647 million against debt of $321 million leaves 7.3% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 6.2% of revenue (bottom 44%); a gross margin of 23.8% (bottom 10%); research spending of 3.5% of revenue (bottom 21%) (its annual report).

What it rests on

  • cash less debt against assets7.3%top 50% of its family
  • cash from operations less capital spending against revenue6.2%bottom 44% of its family
  • gross margin23.8%bottom 10% of its family
  • research spending against revenue3.5%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.3/10

What could actually drive growth from here?

top 17% of 9 in its family for growth drivers.

weight 33% of this tense · 83rd percentile among 9 sector filers · read for its customers

From the record

Leonardo DRS, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10.6% a year over the last three filed years against 5.1% over all 7, speeding up (top 6% of its family); the newest year grew 12.8% (top 28%); research spending grew 30.5% a year (top 7%); capital spending grew 28.8% a year (top 28%) (its annual reports). Leonardo DRS, Inc. reported 2 lines of business in fiscal 2025: Advanced Sensing and Computing at $2.4 billion, Integrated Mission Systems at $1.3 billion. 2 of 2 grew in the latest filed year, and the largest line is 64% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+5.6 points a yeartop 6% of its family
  • the newest year's revenue growth12.8%top 28% of its family
  • three-year growth of research spending30.5%top 7% of its family
  • three-year growth of capital spending28.8%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 8 in its family for expectations against reality.

weight 22% of this tense · 37th percentile among 8 sector filers · read for its shareholders

From the record

Leonardo DRS, Inc.'s newest year against its own record: revenue of $3.6 billion in fiscal 2025 came in 2.9% above the $3.5 billion its prior three years' pace pointed to (top 39% of its family); net income of $278 million against a prior three-year average of $262 million (bottom 19%); a net margin of 7.6% against 9.2% before (bottom 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.9%top 39% of its family
  • net income against the prior three years' average+6%bottom 19% of its family
  • net margin against its prior average-1.6 pointsbottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DRS · research, not advice