Firm-Fixed Price was Leonardo DRS’s largest segment in fiscal 2025, bringing in $2.06B of $2.34B (88%).
| Segment | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Firm-Fixed Price | $1.49B | $1.52B | $1.76B | $2.06B | |||
| Firm Fixed Price | — | — | — | — | |||
| Flexibly Priced | $218.00M | $284.00M | $335.00M | $287.00M | |||
| Total | $1.71B | $1.81B | $2.10B | $2.34B |
Leonardo DRS brought in $2.34B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 11.7% from $2.10B in fiscal 2024. Firm-Fixed Price was the largest at $2.06B (87.8%), ahead of Flexibly Priced at $287.00M (12.2%).
Compared with fiscal 2024, Firm-Fixed Price grew 16.7% to $2.06B, while Flexibly Priced fell 14.3% to $287.00M. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.71B to $2.34B, a compound annual growth rate of 11.0%. Firm-Fixed Price's share held steady at about 87.8%.
Subcontractor was Leonardo DRS’s largest revenue line in fiscal 2025, bringing in $1.29B of $2.34B (55%).
| Contract with Customer, Sales Channel | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Prime Contractor | $918.00M | $858.00M | $925.00M | $1.06B | |||
| Subcontractor | $795.00M | $948.00M | $1.17B | $1.29B | |||
| Total | $1.71B | $1.81B | $2.10B | $2.34B |
Leonardo DRS brought in $2.34B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 11.7% from $2.10B in fiscal 2024. Subcontractor was the largest at $1.29B (54.9%), ahead of Prime Contractor at $1.06B (45.1%).
Compared with fiscal 2024, Prime Contractor grew 14.2% to $1.06B and Subcontractor grew 9.8% to $1.29B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $1.71B to $2.34B, a compound annual growth rate of 11.0%. Subcontractor's share of the total rose from 46.4% to 54.9%.
United States was Leonardo DRS’s largest region in fiscal 2025, bringing in $2.02B of $2.34B (86%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| United States | $1.54B | $1.54B | $1.69B | $2.02B | |||
| International | $169.00M | $269.00M | $412.00M | $325.00M | |||
| Total | $1.71B | $1.81B | $2.10B | $2.34B |
Leonardo DRS brought in $2.34B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 11.7% from $2.10B in fiscal 2024. United States was the largest at $2.02B (86.1%), ahead of International at $325.00M (13.9%).
Compared with fiscal 2024, United States grew 19.8% to $2.02B, while International fell 21.1% to $325.00M. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.71B to $2.34B, a compound annual growth rate of 11.0%. United States' share of the total fell from 90.1% to 86.1%.
Leonardo DRS (DRS) reports its revenue by segment, by contract with customer, sales channel and by geography. In fiscal 2025, Firm-Fixed Price was its largest segment, bringing in $2.06B (87.8% of the total), followed by Flexibly Priced at $287.00M (12.2%).
Firm-Fixed Price was Leonardo DRS's largest segment in fiscal 2025, bringing in $2.06B, or 87.8% of the $2.34B total across its two segments.
Subcontractor was Leonardo DRS's largest revenue line in fiscal 2025, bringing in $1.29B, or 54.9% of the $2.34B total across its two revenue lines.
United States was Leonardo DRS's largest region in fiscal 2025, bringing in $2.02B, or 86.1% of the $2.34B total across its two regions.
Firm-Fixed Price grew faster than Flexibly Priced in fiscal 2025, up 16.7% from $1.76B to $2.06B. Flexibly Priced fell 14.3% to $287.00M.
Every figure comes from Leonardo DRS's annual financial filings, as reported. Each line keeps the name Leonardo DRS gives it, and years follow its fiscal calendar.
Leonardo DRS's revenue by segment goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.