Leonardo DRS (DRS) Cost of Revenue (2020 - 2026)
Leonardo DRS's (DRS) quarterly Cost of Revenue came in at $676.0 million in Q2 2026, up 6.96% YoY from $632.0 million in Q2 2025, and up 6.62% on a QoQ basis from $634.0 million in Q1 2026.
Leonardo DRS (DRS) Cost of Revenue (2020 - 2026) Analysis & Trends
Leonardo DRS (DRS) has 7 years of Cost of Revenue data on file, last reported at $676.0 million in Q2 2026.
- Quarterly Cost of Revenue rose 6.96% year-over-year to $676.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.8 billion (up 7.99% YoY) and the FY2025 annual result came in at $2.8 billion, up 11.25% from the prior year.
- Cost of Revenue climbed to $676.0 million in Q2 2026, from $634.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $791.0 million in Q4 2025 to a low of $438.0 million in Q1 2023.
- A 5-year average of $604.6 million and a median of $625.0 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue declined 14.43% — and 2024, when it increased 22.15%.
- Tracing DRS's Cost of Revenue over 5 years: stood at $636.0 million in 2022, then rose by 12.58% to $716.0 million in 2023, then rose by 4.19% to $746.0 million in 2024, then rose by 6.03% to $791.0 million in 2025, then fell by 14.54% to $676.0 million in 2026.
- The last three Cost of Revenue figures came in at $676.0 million (Q2 2026), $634.0 million (Q1 2026), and $791.0 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 6.40 Bn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 14.80 Bn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | 7.34 Bn |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | 7.16 Bn |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | 1.11 Bn |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 357.94 Mn |
| 10 | Leonardo DRS | 10.86 Bn | 10.59 Bn | 237.00 Mn | 676.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 676.00 Mn |
| Jun 30, 2026 | 676.00 Mn |
| 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 |