Leonardo DRS (DRS) Free Cash Flow (2020 - 2026)

Leonardo DRS (DRS) posted Free Cash Flow of -$96.0 million for Q1 2026, down 125.53% quarter-over-quarter from $376.0 million in Q4 2025, and up 43.53% year-on-year from -$66.9 million in Q1 2025.

Leonardo DRS (DRS) Free Cash Flow (2020 - 2026) Analysis & Trends

Leonardo DRS (DRS) has reported Free Cash Flow for 7 consecutive years, with -$96.0 million the latest figure, recorded in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$96.0 million, up 43.53% year-over-year; the trailing twelve-month figure through Mar 2026 was $301.0 million (up 3.44% YoY), and the FY2025 annual result was $227.0 million, up 22.04% from the prior year.
  • Free Cash Flow was -$96.0 million for Q1 2026 at Leonardo DRS, down from $376.0 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $497.0 million in Q4 2023 and troughed at -$349.0 million in Q1 2023.
  • Average Free Cash Flow over 5 years is $26.9 million, with a median of -$6.5 million recorded in 2022.
  • The widest YoY moves for Free Cash Flow: up 223.53% in 2023, down 700.0% in 2023.
  • Over 5 years, Free Cash Flow stood at $249.0 million in 2022, then soared by 99.6% to $497.0 million in 2023, then slipped by 16.7% to $414.0 million in 2024, then dropped by 9.18% to $376.0 million in 2025, then slumped by 125.53% to -$96.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were -$96.0 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) FCF (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn -1.45 Bn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 1.31 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 1.95 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -291.00 Mn
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 359.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 64.00 Mn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn -1.82 Bn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -71.46 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn -194.00 Mn
10 Leonardo DRS 128.07 Mn -199.93 Mn 212.00 Mn -96.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -96.00 Mn
Mar 31, 2026 -96.00 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 497.00 Mn
Dec 31, 2023 497.00 Mn
Sep 30, 2023 21.00 Mn
Sep 30, 2023 21.00 Mn