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
DateValue
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