Leonardo DRS (DRS) Operating Margin (2020 - 2026)
Leonardo DRS (DRS) posted Operating Margin of 9.1% for Q1 2026, down 23.43% on a QoQ basis from 11.89% in Q4 2025, and up 172.0% year-over-year from 3.35% in Q1 2025.
Leonardo DRS (DRS) Operating Margin (2020 - 2026) Analysis & Trends
Leonardo DRS's Operating Margin history runs 7 years deep, the most recent figure standing at 9.1% for Q1 2026.
- Quarterly Operating Margin rose 172.0% year-over-year to 9.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.91% (up 67.0% YoY) and the FY2025 annual result came in at 9.54%, up 48.0% from the prior year.
- Operating Margin was 9.1% for Q1 2026 at Leonardo DRS, down from 11.89% in the prior quarter.
- Across five years, Operating Margin topped out at 59.31% in Q3 2022 and bottomed at 4.39% in Q1 2023.
- A 5-year average of 11.65% and a median of 9.1% in 2026 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin soared 5194 bps — and 2023, when it plunged 5091 bps.
- Leonardo DRS's Operating Margin stood at 10.61% in 2022, then advanced by 7 bps to 11.34% in 2023, then grew by 8 bps to 12.23% in 2024, then fell by 3 bps to 11.89% in 2025, then declined by 23 bps to 9.1% in 2026.
- Business Quant data shows DRS's Operating Margin at 9.1% in Q1 2026, 11.89% in Q4 2025, and 9.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.11 Bn | 363.77 Bn | -3.10 Bn | -1,952.73% |
| 2 | Rtx | 288.23 Bn | 279.93 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 167.89 Bn | 147.87 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 132.16 Bn | 128.37 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 112.88 Bn | 110.45 Bn | 854.00 Mn | 32.56% |
| 6 | General Dynamics | 102.49 Bn | 98.16 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 75.87 Bn | 73.56 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 46.31% |
| 9 | L3Harris Technologies | 50.89 Bn | 50.30 Bn | 1.40 Bn | 11.35% |
| 10 | Leonardo DRS | 11.85 Bn | 11.52 Bn | 212.00 Mn | 9.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.10% |
| Dec 31, 2025 | 11.89% |
| Sep 30, 2025 | 9.69% |
| Jun 30, 2025 | 8.44% |
| Mar 31, 2025 | 7.38% |
| Dec 31, 2024 | 12.23% |
| Sep 30, 2024 | 9.24% |
| Jun 30, 2024 | 7.30% |
| Mar 31, 2024 | 6.25% |
| Dec 31, 2023 | 11.34% |
| Sep 30, 2023 | 8.39% |
| Jun 30, 2023 | 6.69% |
| Mar 31, 2023 | 4.39% |
| Dec 31, 2022 | 10.61% |
| Sep 30, 2022 | 59.31% |
| Jun 30, 2022 | 6.70% |
| Mar 31, 2022 | 9.15% |
| Dec 31, 2021 | 9.88% |
| Sep 30, 2021 | 7.36% |
| Jun 30, 2021 | 7.75% |