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

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

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

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

  • For the quarter ending Q1 2026, Free Cash Flow rose 43.53% year-over-year to -$96.0 million; the trailing twelve-month figure through Mar 2026 stood at $301.0 million (up 3.44% YoY), and the FY2025 full-year result was $227.0 million, up 22.04% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$96.0 million, down from $376.0 million in the prior quarter.
  • The five-year high for Free Cash Flow was $497.0 million in Q4 2023, with the low at -$349.0 million in Q1 2023.
  • Historically, Free Cash Flow has averaged $26.9 million across 5 years, with a median of -$6.5 million in 2022.
  • The largest YoY upside for Free Cash Flow was 223.53% in 2023 against a maximum downside of 700.0% in 2023.
  • Leonardo DRS's Free Cash Flow stood at $249.0 million in 2022, then soared by 99.6% to $497.0 million in 2023, then fell by 16.7% to $414.0 million in 2024, then retreated by 9.18% to $376.0 million in 2025, then tumbled by 125.53% to -$96.0 million in 2026.
  • The last three Free Cash Flow figures came in at -$96.0 million (Q1 2026), $376.0 million (Q4 2025), and $77.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 -1.24 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 1.49 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 1.31 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn -1.45 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -291.00 Mn
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 359.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 1.95 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn -1.82 Bn
10 Leonardo DRS 12.41 Bn 12.08 Bn 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