Leonardo DRS (DRS) Cost of Revenue (2020 - 2026)
Leonardo DRS (DRS) posted Cost of Revenue of $634.0 million for Q1 2026, down 19.85% on a QoQ basis from $791.0 million in Q4 2025, and up 2.59% year-over-year from $618.0 million in Q1 2025.
Leonardo DRS (DRS) Cost of Revenue (2020 - 2026) Analysis & Trends
Leonardo DRS's Cost of Revenue history runs 7 years deep, the most recent figure standing at $634.0 million for Q1 2026.
- Quarterly Cost of Revenue rose 2.59% year-over-year to $634.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.8 billion (up 8.29% YoY) and the FY2025 annual result came in at $2.8 billion, up 11.25% from the prior year.
- Cost of Revenue was $634.0 million for Q1 2026 at Leonardo DRS, down from $791.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $791.0 million in Q4 2025 and bottomed at $438.0 million in Q1 2023.
- A 5-year average of $600.4 million and a median of $618.0 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue decreased 14.43% — and 2024, when it advanced 22.15%.
- Leonardo DRS's Cost of Revenue stood at $636.0 million in 2022, then advanced by 12.58% to $716.0 million in 2023, then advanced by 4.19% to $746.0 million in 2024, then advanced by 6.03% to $791.0 million in 2025, then slipped by 19.85% to $634.0 million in 2026.
- Business Quant data shows DRS's Cost of Revenue at $634.0 million in Q1 2026, $791.0 million in Q4 2025, and $738.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.50 Bn | 364.15 Bn | -3.10 Bn | 3.82 Bn |
| 2 | Rtx | 288.35 Bn | 280.04 Bn | 9.91 Bn | 14.80 Bn |
| 3 | Boeing | 167.48 Bn | 147.45 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 132.06 Bn | 128.27 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 112.74 Bn | 110.31 Bn | 854.00 Mn | 1.46 Bn |
| 6 | General Dynamics | 102.37 Bn | 98.04 Bn | 6.76 Bn | 7.34 Bn |
| 7 | Northrop Grumman | 75.75 Bn | 73.45 Bn | 3.72 Bn | 7.16 Bn |
| 8 | TransDigm | 72.86 Bn | 68.97 Bn | 1.51 Bn | 1.03 Bn |
| 9 | L3Harris Technologies | 50.87 Bn | 50.28 Bn | 1.40 Bn | 4.34 Bn |
| 10 | Leonardo DRS | 11.90 Bn | 11.57 Bn | 212.00 Mn | 634.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 634.00 Mn |
| Mar 31, 2026 | 634.00 Mn |
| Dec 31, 2025 | 791.00 Mn |
| Dec 31, 2025 | 791.00 Mn |
| Sep 30, 2025 | 738.00 Mn |
| Sep 30, 2025 | 738.00 Mn |
| Jun 30, 2025 | 632.00 Mn |
| Jun 30, 2025 | 632.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 746.00 Mn |
| Dec 31, 2024 | 746.00 Mn |
| Sep 30, 2024 | 633.00 Mn |
| Sep 30, 2024 | 633.00 Mn |
| Jun 30, 2024 | 584.00 Mn |
| Jun 30, 2024 | 584.00 Mn |
| Mar 31, 2024 | 535.00 Mn |
| Mar 31, 2024 | 535.00 Mn |
| Dec 31, 2023 | 716.00 Mn |
| Dec 31, 2023 | 716.00 Mn |