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| Date | Value |
|---|---|
| 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 |