Leonardo DRS, Inc. (DRS) Revenue History
Annual and quarterly revenue from 2005 to 2025
Compound Annual Growth Rate (CAGR)
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DRS Revenue Growth
Revenue Breakdown (FY 2024)
DRS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
DRS Revenue Analysis (2005–2025)
As of May 8, 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.
Looking at the longer-term picture, DRS's 5-year compound annual growth rate (CAGR) stands at +5.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.65 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows DRS's business is primarily driven by Integrated Mission Systems Segment (100%). With over half of revenue concentrated in Integrated Mission Systems Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including MRCY (+9.0% YoY), KTOS (+21.8% YoY), and HEI (+16.1% YoY), DRS has underperformed the peer group in terms of 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 | +16.1% | +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 DRS Stock Analysis
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Start ComparisonDRS — Frequently Asked Questions
Quick answers to the most common questions about buying DRS stock.
Is DRS's revenue growth accelerating or slowing?
DRS maintains +5.9% revenue growth, in line with its 5-year CAGR of +5.6%. TTM revenue stands at $3.7B. Growth rate remains consistent with historical average.
What is DRS's long-term revenue growth rate?
Leonardo DRS, Inc.'s 5-year revenue CAGR of +5.6% reflects the sustained expansion pattern. Current YoY growth of +5.9% is near this long-term average.
How is DRS's revenue distributed by segment?
DRS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2005-2025 are available for download. Segment mix reveals concentration and diversification trends.