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% on a YoY basis from $121.0 million in Q2 2025, and down 0.77% quarter-over-quarter from $130.0 million in Q1 2026.
Analysis
Leonardo DRS (DRS) Operating Expenses (2020 - 2026) Analysis & Trends
Leonardo DRS (DRS) has reported Operating Expenses for 7 consecutive years, with $129.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 6.61% year-over-year to $129.0 million; the trailing twelve-month figure through Jun 2026 stood at $518.0 million (up 16.67% YoY), and the FY2025 full-year result was $497.0 million, up 20.05% from the prior year.
- Operating Expenses slipped to $129.0 million in Q2 2026 per DRS's latest filing, from $130.0 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.
- Historically, Operating Expenses has averaged $106.2 million across 5 years, with a median of $101.0 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 41.18% in 2022, then retreated 4.95% in 2023.
- Over 5 years, 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 retreated by 5.15% to $129.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $129.0 million, $130.0 million, and $136.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.87 Bn | 117.07 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.39 Bn | 91.06 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.32 Bn | 75.61 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.49 Bn | 71.18 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.76 Bn | 45.24 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 32.70 Bn | 31.74 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.56 Bn | 27.22 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.85 Bn | 20.37 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.21 Bn | 15.46 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Leonardo DRS | 9.63 Bn | 9.36 Bn | 237.00 Mn | 129.00 Mn |
Historic Data
Download Data
Historic 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 |