Leonardo DRS (DRS) Cost of Revenue (2020 - 2026)
Leonardo DRS (DRS) reported Cost of Revenue of $676 million for Q2 2026, up 7.0% from $632 million a year earlier and up 6.6% from the prior quarter.
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Analysis
Leonardo DRS (DRS) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Leonardo DRS's Cost of Revenue came in at $2.84 billion, up 8.0% year-over-year; for FY2025, it came in at $2.78 billion, up 11.2% from FY2024.
- Cost of Revenue has increased for three consecutive years, with a five-year compound annual growth rate of 4.0% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $2.5 billion in FY2024 (+14.7%), $2.18 billion in FY2023 (+2.8%), $2.12 billion in FY2022 (-9.2%) and $2.33 billion in FY2021 (+2.1%).
- Five-year quarterly Cost of Revenue spans a low of $438 million in Q1 2023 and a high of $791 million in Q4 2025.
- Year over year, Cost of Revenue has now increased in each of the last 12 quarters, with growth averaging 9.6% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q1 2024 (growth of 22.1%); the low point was Q3 2022 (a decline of 14.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $634 million (Q1 2026), $791 million (Q4 2025) and $738 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | 8.67 Bn |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 19.58 Bn |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 11.91 Bn |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 1.46 Bn |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 8.76 Bn |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 6.07 Bn |
| 10 | Leonardo DRS | 9.82 Bn | 8.27 Bn | 237.00 Mn | 676.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 676.00 Mn |
| Mar 31, 2026 | 634.00 Mn |
| Dec 31, 2025 | 791.00 Mn |
| Sep 30, 2025 | 738.00 Mn |
| Jun 30, 2025 | 632.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 746.00 Mn |
| Sep 30, 2024 | 633.00 Mn |
| Jun 30, 2024 | 584.00 Mn |
| Mar 31, 2024 | 535.00 Mn |
| Dec 31, 2023 | 716.00 Mn |
| Sep 30, 2023 | 541.00 Mn |
| Jun 30, 2023 | 483.00 Mn |
| Mar 31, 2023 | 438.00 Mn |
| Dec 31, 2022 | 636.00 Mn |
| Sep 30, 2022 | 504.00 Mn |
| Jun 30, 2022 | 500.00 Mn |
| Mar 31, 2022 | 478.00 Mn |
| Dec 31, 2021 | 667.00 Mn |
| Sep 30, 2021 | 589.00 Mn |
API Access
Leonardo DRS Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "DRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();