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