DRS · Leonardo DRS, Inc.
$34.25
-0.94 (-2.66%)
At close · Oct 20
Return incl. dividend (before tax)
Market Cap
$9.39B
Shares
266.89M
Volume · Oct 20
313.05K
Avg daily vol (3M)
905.96K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$35.18
Open$35.12
Day$34.82–35.48
52W close$32.55–49.69
Avg vol 30d991K
Short int3.3M · 1.2% float · 3.0d
Short vol51%
Last earningsOct 29, 2026
DataJan 2020–Oct 2026
Filing10-Q · Jul 30
Up next
Next earnings call
Oct 29, 2026
Scheduled
· in 1 wks
filed Jul 30, 2026
call held Jul 30, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$3.78B
Trailing 12 months
Net income (TTM)
$322.00M
Trailing 12 months
Revenue growth YoY
+10.1%
Year over year
Operating margin
10.5%
Trailing 12 months
P / E (TTM)
29.6
Trailing earnings · reciprocal yield 3.4%
FCF yield
3.9%
TTM · current market cap
Return on invested capital
12.3%
Trailing 12 months
Net cash
$121.00M
Latest balance sheet
Dividend yield
1.0%
Trailing 12 months
Shares change YoY
0.0%
Year over year · fewer shares
Price change (1Y)
-10.6%
Trailing year
Short interest
1.2%
Latest settlement · 3.0 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026
Q2 FY26
TL;DR. Leonardo DRS reported Q2 revenue up 10% to $913M, adjusted EBITDA up 33% with 240 bps of margin expansion, and record funded backlog of $5.1B, prompting a raise to full-year adjusted EBITDA and adjusted diluted EPS guidance alongside the announced $450M Raft acquisition.
Bullish
- + Q2 revenue grew 10% year-over-year to $913M with organic growth accelerating, driven by tactical radars, electric power and propulsion, infrared sensing and force protection
- + Q2 adjusted EBITDA rose 33% to $128M with 240 bps of margin expansion to 14.0%, reflecting execution and favorable program mix
- + Funded backlog reached a record $5.1B, up 17% year-over-year, with Q2 bookings of $1.1B producing a 1.2x book-to-bill
- + Announced $450M all-cash acquisition of Raft to add multi-domain AI, data fusion and mission software capabilities, expected to be accretive to adjusted diluted EPS in first full year
- + Diluted EPS grew 60% to $0.32 and adjusted diluted EPS grew 52% to $0.35, aided by lower net interest expense and a lower tax rate
Bearish
- − Q3 adjusted EBITDA margin is expected to step down to the mid-13% range sequentially due to non-recurrence of Q2 program risk retirement gain
- − Six-month free cash flow remained negative at -$89M, and full-year capex is expected to run in the mid-4% range of revenue
- − Management flagged potential government continuing resolution in the calendar Q4 and noted risk from a prolonged CR impacting funding mechanics, even though impact is described as minimal
- − H1 financing activities used $288M of cash, including $191M of debt repayments, reducing cash balance to $270M from $647M at year-end 2025
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Moderate
Market backdrop
VIX 18.4 · elevated
Equity put/call 0.55
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−17%
below
Price vs 50-day avg
−8%
below
RSI (14)
35
neutral
MACD trend
Positive
52-week position
15%
mid-range
Momentum
relative strength
1-month return
−7%
trailing
6-month return
−12%
trailing
YTD return
+3%
this year
Relative strength
−20%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $38 › 200d $42 — 200d above 50d
Institutional flow
Distributing
50 of 384 funds reported for Sep 30 · net -25.8K sh shares · +12 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
1.23% of float · ▼ -3.4% MoM · 3.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
384 holders — near 3-yr high, broad support
Squeeze score
43
elevated · 0–100
Fundamentals
Revenue growth
+13%
Y/Y
Gross margin
24%
expanding
EPS growth
+29%
Y/Y
Free cash flow
$227.0M
Valuation
P/E 29.6
below peers
Buyback
$25.0M
remaining
Balance sheet
$300.0M
net cash
Quant / Vol
risk profile
Volatility
39%
annualized · 1-yr
Max drawdown
−30%
past year
ATR
2.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 30, 2026
Revenue
· 2026 Guidance
$3.9B – $3.98B
prior FY $3.65B
midpoint +7.9% Y/Y
Adjusted EBITDA
· 2026 Guidance
Non-GAAP
$525M – $540M
Tax Rate
· 2026 Guidance
16.5%
Adjusted Diluted EPS
· 2026 Guidance
Non-GAAP
$1.34 – $1.39
Prior guidance
period ended
· from the Earnings Call filed Oct 29, 2025
Revenue
· full year 2025
$3.55B – $3.6B
Revenue growth
· full year 2025
10% – 11%
Adjusted EBITDA
· full year 2025
$437M – $453M
Free cash flow conversion
· full year 2025
80%
Adjusted diluted EPS
· full year 2025
$1.07 – $1.12
Guided vs delivered
· last 3 settled
Revenue
full year 2025
guided $3.55B – $3.6B
$3.65B
Beat +2.0%
Revenue
2024
guided $3.08B – $3.18B
$3.23B
Beat +3.5%
Revenue
2023 Guidance
guided $2.74B – $2.79B
$2.83B
Beat +2.4%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−17%
Bearish
Price vs 50-day avg
−8%
Bearish
RSI (14)
35
Neutral
MACD trend
Positive
Bullish
52-week position
15%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $38 › 200d $42 — 200d above 50d
Institutional flow
Distributing
50 of 384 funds reported for Sep 30 · net -25.8K sh shares · +12 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
1.23% of float · ▼ -3.4% MoM · 3.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
384 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $33
Now $35 · 15%
Range high $50
vs 200-day avg -17%
vs 50-day avg -8%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Diluted EPS non-GAAP | $0.61 | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $233M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 13.2% | Six Months Ended June 30, 2026 | — |
| Adjusted Net Earnings non-GAAP | $163M | Six Months Ended June 30, 2026 | — |
| ASC Bookings | $691M | Three Months Ended June 30, 2026 | — |
| ASC Operating Earnings | $49M | the three months ended June 30, 2026 filing | — |
| ASC Operating Margin | 8.3% | the three months ended June 30, 2026 filing | — |
| ASC Segment Adjusted EBITDA non-GAAP | $131M | Six Months Ended June 30, 2026 | — |
| ASC Segment Adjusted EBITDA Margin non-GAAP | 11.4% | Six Months Ended June 30, 2026 | — |
| Bookings | $1.09B | Three Months Ended June 30, 2026 | — |
| Free Cash Flow non-GAAP | -$89M | Six Months Ended June 30, 2026 | — |
| Funded Backlog | $5.09B | As of June 30, 2026 | — |
| IMS Bookings | $394M | Three Months Ended June 30, 2026 | — |
| IMS Operating Earnings | $53M | the three months ended June 30, 2026 filing | — |
| IMS Operating Margin | 15.9% | the three months ended June 30, 2026 filing | — |
| IMS Segment Adjusted EBITDA non-GAAP | $102M | Six Months Ended June 30, 2026 | — |
| IMS Segment Adjusted EBITDA Margin non-GAAP | 16.2% | Six Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DRS
this stock
Leonardo DRS, Inc.
|
$9.39B | +3.2% | +12.8% | 29.6 | 1.2% |
|
SPCX
Space Exploration Technologies Corp
|
$1.95T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$322.97B | +1.1% | +18.5% | 35.9 | 1.1% |
|
RTX
RTX Corp
|
$258.92B | +4.7% | +17.1% | 33.8 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$176.30B | -7.3% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DRS | -1.2% | -7.3% | -12.4% | -4.0% | +3.2% |
| SPY | -1.5% | -0.9% | +7.7% | +0.5% | +12.4% |
| vs SPY | +0.3% | -6.4% | -20.1% | -4.5% | -9.2% |
Capital returns
Latest dividend
$0.09
/ share · ex Aug 13, 2026
Paid (TTM)
$0.36
/ share · 4 payouts
Dividend yield (TTM, derived)
1.02%
Buyback program
· as of Jun 30, 2026
Authorized
$75.00M
Spent (derived)
$50.00M
Remaining
$25.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1833756
CUSIP
52661A108
13F (30d)
50 filings
46 filers
Visit website
Investor relations