Leonardo DRS (DRS) Free Cash Flow (2020 - 2026)
Leonardo DRS (DRS) posted Free Cash Flow of -$62.0 million for Q1 2026, down 116.49% on a QoQ basis from $376.0 million in Q4 2025, and up 63.53% year-over-year from -$37.9 million in Q1 2025.
Leonardo DRS (DRS) Free Cash Flow (2020 - 2026) Analysis & Trends
Leonardo DRS's Free Cash Flow history runs 7 years deep, the most recent figure standing at -$62.0 million for Q1 2026.
- Quarterly Free Cash Flow rose 63.53% year-over-year to -$62.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $335.0 million (up 15.12% YoY) and the FY2025 annual result came in at $227.0 million, up 22.04% from the prior year.
- Free Cash Flow was -$62.0 million for Q1 2026 at Leonardo DRS, down from $376.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $442.0 million in Q4 2023 and bottomed at -$329.0 million in Q1 2023.
- A 5-year average of $29.0 million and a median of $8.5 million in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow sank 134.48% — and 2023, when it jumped 116.67%.
- Leonardo DRS's Free Cash Flow stood at $204.0 million in 2022, then surged by 116.67% to $442.0 million in 2023, then decreased by 6.33% to $414.0 million in 2024, then slipped by 9.18% to $376.0 million in 2025, then slumped by 116.49% to -$62.0 million in 2026.
- Business Quant data shows DRS's Free Cash Flow at -$62.0 million in Q1 2026, $376.0 million in Q4 2025, and $77.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 376.06 Bn | 366.71 Bn | -3.10 Bn | 2.82 Bn |
| 2 | Rtx | 290.71 Bn | 282.41 Bn | 9.91 Bn | 2.88 Bn |
| 3 | Boeing | 170.38 Bn | 150.36 Bn | 2.41 Bn | 631.00 Mn |
| 4 | Lockheed Martin | 133.55 Bn | 129.76 Bn | 2.45 Bn | 2.92 Bn |
| 5 | Howmet Aerospace | 114.08 Bn | 111.65 Bn | 854.00 Mn | 448.00 Mn |
| 6 | General Dynamics | 103.42 Bn | 99.09 Bn | 6.76 Bn | 1.65 Bn |
| 7 | Northrop Grumman | 77.20 Bn | 74.89 Bn | 3.72 Bn | 978.00 Mn |
| 8 | TransDigm | 73.58 Bn | 69.70 Bn | 1.51 Bn | 64.00 Mn |
| 9 | L3Harris Technologies | 51.83 Bn | 51.24 Bn | 1.40 Bn | -194.00 Mn |
| 10 | Leonardo DRS | 12.17 Bn | 11.84 Bn | 212.00 Mn | -62.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -62.00 Mn |
| Mar 31, 2026 | -62.00 Mn |
| Dec 31, 2025 | 376.00 Mn |
| Dec 31, 2025 | 376.00 Mn |
| Sep 30, 2025 | 77.00 Mn |
| Sep 30, 2025 | 77.00 Mn |
| Jun 30, 2025 | -56.00 Mn |
| Jun 30, 2025 | -56.00 Mn |
| Mar 31, 2025 | -170.00 Mn |
| Mar 31, 2025 | -170.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Sep 30, 2024 | 47.00 Mn |
| Sep 30, 2024 | 47.00 Mn |
| Mar 31, 2024 | -275.00 Mn |
| Mar 31, 2024 | -275.00 Mn |
| Dec 31, 2023 | 442.00 Mn |
| Dec 31, 2023 | 442.00 Mn |
| Sep 30, 2023 | 43.00 Mn |
| Sep 30, 2023 | 43.00 Mn |