Leonardo DRS appears to be re-accelerating, with revenue growth rising from 5.9% in 2026Q1 to 11.0% in 2026Q3 and gross margin expanding from 22.4% in 2024Q2 to 24.7% in 2026Q3, which suggests improving operating leverage in its defense franchise.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue reached roughly $1.1B in 2026Q3 with operating margin rising to 10.9% from 7.3% in 2024Q2, though net margin of 10.8% and diluted EPS of $0.43 suggest the earnings trajectory should be tracked against below-the-line items.
Leonardo DRS secured a place on the U.S. military's Advanced Technology Support Program V, an indefinite-delivery, indefinite-quantity engineering solutions contract.
The company delivered better-than-expected results, driven by its electronic propulsion system on the Columbia-class submarine platform and exposure to the Golden Dome missile defense initiative.
Leonardo DRS is pushing to remain competitive in higher-value, next-generation defense technologies, as highlighted by its inclusion on the 2026 Defense News Tech Disruptors List.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $0.46+30.0% vs $0.35 | $1.1B+3.6% vs $1.0B |
Q3 2026 Jul 30, 2026 | $0.35+28.3% vs $0.27 | $913M+1.1% vs $903M |
Q2 2026 May 5, 2026 | $0.26+23.8% vs $0.21 | $846M+2.5% vs $825M |
Q1 2026 Feb 24, 2026 | $0.42+13.5% vs $0.37 | $1.1B+6.5% vs $995M |
ARLINGTON, Va., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that its THOR tactical-edge computing chassis has received the Association of the United States Army's (AUSA) National Partner Award for the Best New Product/Service.
Kapoor will lead enterprise people strategy, leadership development and workforce initiatives supporting DRS' U.S. and international growth initiatives.
ARLINGTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that AeroVironment, Inc. (“AV”) (Nasdaq: AVAV) has selected the company to provide rugged integration expertise for the U.S. Army's Enduring-High Energy Laser (E-HEL) production program.
ARLINGTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that AeroVironment, Inc. (“AV”) (Nasdaq: AVAV) has selected the company to provide rugged integration expertise for the U.S. Army's Enduring-High Energy Laser (E-HEL) production program.
Benchmark DRS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Leonardo DRS, Inc. (DRS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.04 | $9.08B | 25.02 | 12.8% | 9.4% | 13.04% | 1.05% | |
| $73.55 | $4.42B | -151.84 | 7.85% | -3.02% | -2.01% | — | |
| $35.10 | $6.58B | 301.29 | 18.52% | 1.34% | 0.72% | — | |
| $332.65 | $46.34B | 55.43 | 16.26% | 16.38% | 16.57% | 0.07% | |
| $463.47 | $17.12B | 30.76 | 12.08% | 14.86% | 21.16% | 0.2% | |
| $259.89 | $48.42B | 23.76 | 2.53% | 8.76% | 10.05% | 1.84% |
Leonardo DRS, Inc. (DRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Leonardo DRS, Inc. (DRS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Jul 30, 2026·SEC
Jul 28, 2026·SEC
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Leonardo DRS, Inc. (DRS) stock FAQ — growth, dividends, profitability & financials explained
Leonardo DRS, Inc. (DRS) reported $3.88B in revenue over the trailing twelve months. Revenue was $3.65B in fiscal year 2025. That is 110% more than the $1.74B of fiscal year 2005.
Leonardo DRS, Inc. (DRS) grew revenue by 8.9% over the trailing twelve months, compared with the twelve months before.
Yes. Leonardo DRS, Inc. (DRS) earned $365.0M in net income over the trailing twelve months (a 9.4% net margin).
Yes. Leonardo DRS, Inc. (DRS) pays a dividend that yields 1.05% at the current price, a moderate yield.
Leonardo DRS, Inc. (DRS) had a return on equity (ROE) of 13.0% over the trailing twelve months. That is in line with the market's typical 10-15%.
Leonardo DRS, Inc. (DRS) generated $344.0M in free cash flow over the trailing twelve months.
