Leonardo DRS, Inc.
Leonardo DRS, Inc. (DRS) is listed on NASDAQ and classified in Aerospace & Defense, part of the Industrials sector. It is headquartered in Arlington, United States and has 7,300 employees. The company is worth $9.15B and trades at 28.8x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $3.65B in fiscal 2025, up 12.8% from the year before. Net income was $278M. The share price is 32.2% below its 52-week high of $50.59. It pays a dividend yielding 1.05%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $187.87M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +276.8% over 5Y.
today you would have $3,517.92▲ +251.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 7 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Year-end price | $34.09 | $32.31 | $20.04 | $12.78 | $9.42 | $9.75 | $5.19 | |
| P/E | 24.4x | 33.1x | 40.4x | 31.3x | 6.8x | 12.9x | 24.4x | 10.0x |
| P/S | 1.5x | 2.5x | 2.6x | 1.9x | 1.2x | 0.5x | 0.5x | — |
| P/B |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 20.8% a year plus a 1.0% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 24.4 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SAIASAIA Inc | $344.50 | 33.3x | 3.4x | 0.00% | 10.77% | $9.17B |
| OCOwens Corning | $116.49 | — | 2.4x | 2.71% | -9.45% | $9.21B |
| IESCIES Holdings, Inc. | $220.75 | 19.6x | 7.2x | 0.00% | 44.52% | $9.36B |
| TTEKTetra Tech Inc | $36.81 |
| 1.9x |
| 3.3x |
| 3.4x |
| 2.3x |
| 1.6x |
| 0.9x |
| 1.0x |
| — |
| EPS | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 | $0.40 | $0.52 |
| Dividend yield | — | 1.06% | — | — | — | — | — | — |
| Payout | — | 34.95% | — | — | — | — | — | — |
| Profit margin | 5.94% | 7.62% | 6.59% | 5.94% | 15.04% | 5.35% | 3.06% | 2.76% |
| ROE | 8.33% | 10.18% | 8.33% | 7.23% | 19.04% | 9.67% | 5.96% | 7.36% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-23.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 21.2x |
| 5.1x |
| 0.79% |
| 24.30% |
| $9.42B |
| BAHBooz Allen Hamilton Holding Corp | $78.57 | 11.8x | 7.9x | 3.00% | 68.64% | $9.45B |
| TFIITFI International Inc. | $115.00 | 27.7x | 3.5x | 1.63% | 12.41% | $9.45B |