Leonardo DRS Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.65B | $3.23B | $2.83B | $2.69B | $2.88B | $2.78B | $2.71B |
| Cost of Revenue | $2.78B | $2.50B | $2.18B | $2.12B | $2.33B | $2.28B | $2.26B |
| Gross Profit | $869.0M | $736.0M | $648.0M | $575.0M | $547.0M | $494.0M | $459.0M |
| Gross Margin | 23.8% | 22.8% | 22.9% | 21.4% | 19.0% | 17.8% | 16.9% |
| Operating Expenses | |||||||
| Research & Development | $129.0M | $92.0M | $82.0M | $58.0M | $48.0M | $41.0M | $31.0M |
| SG&A Expense | $497.0M | $414.0M | $384.0M | $357.0M | $293.0M | $283.0M | $277.0M |
| Operating Income | $348.0M | $293.0M | $231.0M | $561.0M | $236.0M | $181.0M | $163.0M |
| Operating Margin | 9.5% | 9.1% | 8.2% | 20.8% | 8.2% | 6.5% | 6.0% |
| Interest Expense | — | — | $36.0M | $34.0M | $35.0M | $64.0M | $65.0M |
| Pretax Income | $336.0M | $264.0M | $192.0M | $525.0M | $200.0M | $112.0M | $95.0M |
| Income Tax Expense | $58.0M | $51.0M | $24.0M | $120.0M | $46.0M | $27.0M | $20.0M |
| Net Income | $278.0M | $213.0M | $168.0M | $405.0M | $154.0M | $85.0M | $75.0M |
| Net Margin | 7.6% | 6.6% | 5.9% | 15.0% | 5.3% | 3.1% | 2.8% |
| EPS (Basic) | $1.05 | $0.81 | $0.64 | $1.88 | $0.73 | $0.40 | $0.52 |
| EPS (Diluted) | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 | $0.40 | $0.52 |
| Shares Outstanding (Basic) | 265.9M | 263.7M | 261.5M | 214.9M | 210.0M | 210.0M | — |
| Shares Outstanding (Diluted) | 268.7M | 267.7M | 264.2M | 215.1M | 210.0M | 210.0M | — |
| Dividends Per Share | $0.36 | — | — | — | — | — | — |