Filing Flows › Leonardo DRS (DRS) › Q3 2026 › vs Q3 2025
Leonardo DRS (DRS) Q3 2026 vs Q3 2025 (year over year)
Leonardo DRS's revenue rose $106M (+11%) from $960M in Q3 2025 to $1.1B in Q3 2026. Gross margin 24.7% against 23.1% (+1.5 pts).
Leonardo DRS, Q3 2026: revenue $1.1B (+11% year over year), operating margin 10.9%, net earnings $115M, operating cash flow $96.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.7% | 23.1% | +1.5 pts |
| Operating margin | 10.9% | 9.7% | +1.2 pts |
| Net margin | 10.8% | 7.5% | +3.3 pts |
| Free cash flow margin | 5.7% | 8.0% | -2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.1B | $960M | $106M | +11% |
| Gross profit | $263M | $222M | $41.0M | +18% |
| Cost of revenue | $803M | $738M | $65.0M | +9% |
| Operating profit | $116M | $93.0M | $23.0M | +25% |
| Operating expenses | $147M | $129M | $18.0M | +14% |
| Pre-tax earnings | $116M | $87.0M | $29.0M | +33% |
| Net earnings | $115M | $72.0M | $43.0M | +60% |
| Income tax | $1.0M | $15.0M | −$14.0M | -93% |
| Depreciation & amortization | $27.0M | $23.0M | $4.0M | +17% |
| Share-based compensation | $6.0M | $5.0M | $1.0M | +20% |
| Working capital & other | $52.0M | −$7.0M | $59.0M | — |
| Operating cash flow | $96.0M | $107M | −$11.0M | -10% |
| Free Cash Flow (company-reported) | $61.0M | $77.0M | −$16.0M | -21% |
| Capital expenditures, net | $35.0M | $30.0M | $5.0M | +17% |
Questions
How much did Leonardo DRS's revenue grow year over year in Q3 2026?
Leonardo DRS's revenue rose $106M (+11%) from $960M in Q3 2025 to $1.1B in Q3 2026. Gross margin 24.7% against 23.1% (+1.5 pts).