Leonardo DRS (DRS) Operating Expenses (2020 - 2026)

Leonardo DRS (DRS) posted Operating Expenses of $130.0 million for Q1 2026, down 4.41% on a QoQ basis from $136.0 million in Q4 2025, and up 11.11% year-over-year from $117.0 million in Q1 2025.

Leonardo DRS (DRS) Operating Expenses (2020 - 2026) Analysis & Trends

Leonardo DRS's Operating Expenses history runs 7 years deep, the most recent figure standing at $130.0 million for Q1 2026.

  • Quarterly Operating Expenses rose 11.11% year-over-year to $130.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $510.0 million (up 18.6% YoY) and the FY2025 annual result came in at $497.0 million, up 20.05% from the prior year.
  • Operating Expenses was $130.0 million for Q1 2026 at Leonardo DRS, down from $136.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $136.0 million in Q4 2025 and bottomed at $76.0 million in Q1 2022.
  • A 5-year average of $104.8 million and a median of $101.0 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 41.18% — and 2023, when it slipped 4.95%.
  • Leonardo DRS's Operating Expenses stood at $96.0 million in 2022, then rose by 2.08% to $98.0 million in 2023, then increased by 10.2% to $108.0 million in 2024, then gained by 25.93% to $136.0 million in 2025, then fell by 4.41% to $130.0 million in 2026.
  • Business Quant data shows DRS's Operating Expenses at $130.0 million in Q1 2026, $136.0 million in Q4 2025, and $123.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 373.45 Bn 364.10 Bn -3.10 Bn 10.86 Bn
2 Rtx 288.16 Bn 279.85 Bn 9.91 Bn 21.96 Bn
3 Boeing 167.44 Bn 147.42 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.17 Bn 128.38 Bn 2.45 Bn -
5 Howmet Aerospace 112.99 Bn 110.56 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 102.42 Bn 98.09 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.81 Bn 73.51 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.68 Bn 68.79 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.93 Bn 50.34 Bn 1.40 Bn 750.00 Mn
10 Leonardo DRS 11.87 Bn 11.54 Bn 212.00 Mn 130.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 130.00 Mn
Dec 31, 2025 136.00 Mn
Sep 30, 2025 123.00 Mn
Jun 30, 2025 121.00 Mn
Mar 31, 2025 117.00 Mn
Dec 31, 2024 108.00 Mn
Sep 30, 2024 98.00 Mn
Jun 30, 2024 107.00 Mn
Mar 31, 2024 101.00 Mn
Dec 31, 2023 98.00 Mn
Sep 30, 2023 96.00 Mn
Jun 30, 2023 90.00 Mn
Mar 31, 2023 100.00 Mn
Dec 31, 2022 96.00 Mn
Sep 30, 2022 101.00 Mn
Jun 30, 2022 84.00 Mn
Mar 31, 2022 76.00 Mn
Dec 31, 2021 68.00 Mn
Sep 30, 2021 73.00 Mn
Jun 30, 2021 73.00 Mn