Filing Flows › Leonardo DRS (DRS) › How it makes money
How Leonardo DRS (DRS) makes money
Leonardo DRS (DRS) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 25¢ was left as gross profit, 11¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.1B | 100.0% |
| Cost of revenue | $803M | 75.3% |
| Gross profit | $263M | 24.7% |
| Operating expenses | $147M | 13.8% |
| Operating profit | $116M | 10.9% |
| Income tax | $1.0M | 0.1% |
| Net earnings | $115M | 10.8% |
| Operating cash flow | $96.0M | 9.0% |
| Free cash flow | $61.0M | 5.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.1B | +11% |
| Q2 2026 | $913M | +10% |
| Q1 2026 | $846M | +6% |
| Q4 2025 | $1.1B | +8% |
| Q3 2025 | $960M | +18% |
| Q2 2025 | $829M | +10% |
| Q1 2025 | $799M | +16% |
From Leonardo DRS' 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Leonardo DRS make money?
Leonardo DRS (DRS) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 25¢ was left as gross profit, 11¢ was left as operating profit, 11¢ was left as net earnings.
What is Leonardo DRS' profit margin?
Net earnings were $115M, 10.8% of revenue, in the third quarter 2026; the operating margin was 10.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.