Leonardo DRS, Inc. (DRS) Revenue History
Annual and quarterly revenue from 2005 to present
DRS Revenue Over Time (2005–2025)
DRS Revenue Growth History
7 of 9 years with positive growth- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- +62.6%
- FY2007 revenue growth
- +16.8%
- FY2019 revenue growth
- -17.6%
- FY2020 revenue growth
- +2.4%
- FY2021 revenue growth
- +3.6%
- FY2022 revenue growth
- -6.5%
- FY2023 revenue growth
- +4.9%
- FY2024 revenue growth
- +14.4%
- FY2025 revenue growth
- +12.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $846.0M | +5.9% |
| Q4 2025 | $1.06B | +8.1% |
| Q3 2025 | $960.0M | +18.2% |
| Q2 2025 | $829.0M | +10.1% |
| Q1 2025 | $799.0M | +16.1% |
| Q4 2024 | $981.0M | +5.9% |
| Q3 2024 | $812.0M | +15.5% |
| Q2 2024 | $753.0M | +19.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
DRS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
DRS Revenue Analysis (2005–2025)
Current Revenue & Growth
As of June 22, 2026, Leonardo DRS, Inc. (DRS) generated trailing twelve-month (TTM) revenue of $3.69 billion, reflecting solid growth of +5.9% year-over-year. The most recent quarter (Q1 2026) recorded $846.0 million in revenue, down 20.2% sequentially.
Historical Growth Trajectory
DRS's 5-year compound annual growth rate (CAGR) stands at +5.6%, indicating steady revenue expansion. The 3-year CAGR of +10.6% exceeds the 5-year average, indicating an acceleration in the most recent period. Leonardo DRS, Inc.'s highest annual revenue of $3.65 billion was recorded in 2025, an all-time high.
Revenue by Segment
DRS's revenue is primarily driven by Integrated Mission Systems Segment (100%). With over half of revenue concentrated in Integrated Mission Systems Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including MRCY (+9.0% YoY), KTOS (+21.8% YoY), and HEI (+18.8% YoY) — DRS has underperformed the peer group in revenue growth. Compare DRS vs MRCY →
DRS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DRSCurrent | $3.7B | +5.9% | +5.6% | 9.5% | |
 MRCY | $912M | +9.0% | +2.7% | -2.2% | |
 KTOS | $1.3B | +21.8% | +12.5% | 2.1% | |
 HEI | $4.5B | +18.8% | +20.2% | 22.7% | |
 CW | $3.5B | +12.2% | +7.9% | 18.2% | |
 ASGN | $4.0B | -2.9% | +2.6% | 6.5% |
DRS Historical Revenue Data (2005–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.65B | +12.8% | $847.0M | 23.2% | $348.0M | 9.5% |
| 2024 | $3.23B | +14.4% | $736.0M | 22.8% | $293.0M | 9.1% |
| 2023 | $2.83B | +4.9% | $648.0M | 22.9% | $231.0M | 8.2% |
| 2022 | $2.69B | -6.5% | $575.0M | 21.4% | $561.0M | 20.8% |
| 2021 | $2.88B | +3.6% | $547.0M | 19.0% | $236.0M | 8.2% |
| 2020 | $2.78B | +2.4% | $494.0M | 17.8% | $181.0M | 6.5% |
| 2019 | $2.71B | -17.6% | $459.0M | 16.9% | $163.0M | 6.0% |
| 2007 | $3.30B | +16.8% | $426.5M | 12.9% | $360.4M | 10.9% |
| 2006 | $2.82B | +62.6% | $362.5M | 12.8% | $311.6M | 11.0% |
| 2005 | $1.74B | - | $240.3M | 13.8% | $192.7M | 11.1% |
Full Stock Analysis
Deep dive into DRS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
21+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
DRS — Frequently Asked Questions
Quick answers to the most common questions about buying DRS stock.
Is DRS's revenue growth accelerating or slowing?
DRS revenue growth is holding steady at +5.9% year-over-year. TTM revenue is $3.7B. The current growth rate closely tracks the 5-year CAGR of +5.6%, signalling consistent execution.
What is DRS's revenue history from 2005 to 2026?
Leonardo DRS, Inc. (DRS) revenue history spans 2005 to 2026. TTM revenue as of 2026 is $3.7B, growing at +5.9% YoY. The 5-year CAGR is +5.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is DRS's long-term revenue growth rate (CAGR)?
Leonardo DRS, Inc.'s 5-year revenue CAGR of +5.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +5.9% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for DRS.
Why does DRS's quarterly revenue fluctuate?
DRS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Leonardo DRS, Inc.'s revenue data from 2005 to 2026 shows full historical quarterly detail on this page.
How is DRS's revenue distributed by segment?
DRS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does DRS's revenue compare to industry peers?
Leonardo DRS, Inc. (DRS) with TTM revenue of $3.7B and +5.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.