Leonardo DRS (DRS) Operating Expenses (2020 - 2026)
Leonardo DRS's (DRS) quarterly Operating Expenses came in at $129.0 million in Q2 2026, up 6.61% YoY from $121.0 million in Q2 2025, and down 0.77% on a QoQ basis from $130.0 million in Q1 2026.
Leonardo DRS (DRS) Operating Expenses (2020 - 2026) Analysis & Trends
Leonardo DRS (DRS) has 7 years of Operating Expenses data on file, last reported at $129.0 million in Q2 2026.
- Quarterly Operating Expenses rose 6.61% year-over-year to $129.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $518.0 million (up 16.67% YoY) and the FY2025 annual result came in at $497.0 million, up 20.05% from the prior year.
- Operating Expenses declined to $129.0 million in Q2 2026, from $130.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $136.0 million in Q4 2025 to a low of $76.0 million in Q1 2022.
- A 5-year average of $106.2 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 fell 4.95%.
- Tracing DRS's Operating Expenses over 5 years: stood at $96.0 million in 2022, then grew by 2.08% to $98.0 million in 2023, then climbed by 10.2% to $108.0 million in 2024, then increased by 25.93% to $136.0 million in 2025, then declined by 5.15% to $129.0 million in 2026.
- The last three Operating Expenses figures came in at $129.0 million (Q2 2026), $130.0 million (Q1 2026), and $136.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Leonardo DRS | 10.94 Bn | 10.67 Bn | 237.00 Mn | 129.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 129.00 Mn |
| 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 |