NASDAQ$DRS
Leonardo Drs Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Leonardo DRS reported Q4 2025 revenue of $1.06B, net earnings of $102M, and adjusted diluted EPS of $0.42.
Fourth-quarter revenue grew 8% to $1.06 billion; net earnings rose 15% to $102 million. Adjusted diluted EPS was $0.42. Full-year bookings were $4.2 billion (1.2x book-to-bill) and backlog reached $8.7 billion. 2026 guidance calls for revenue of $3.85–3.95 billion and adjusted EPS of $1.20–1.26.
- Q4 revenue $1.06B (+8%); net earnings $102M (+15%).
- Adjusted diluted EPS $0.42; Q4 free cash flow $376M.
- Backlog $8.7B; full-year book-to-bill 1.2x.
- 2026 revenue guide $3.85B–$3.95B.
Headline financials
Revenue & EPS history
Leonardo DRS · Revenue · Quarterly
$1.06B
Revenue by segment
Leonardo DRS · $708M total across 2 segments · Q3 2023
- Advanced Sensing & Computing$431M+5.6%60.9%
- Integrated Mission Systems$277M+21.0%39.1%
Forward guidance
2026 revenue $3.85B–$3.95B; adjusted EBITDA $505M–$525M; adjusted diluted EPS $1.20–$1.26.
Tailwinds
- Backlog $8.7B with 1.2x book-to-bill for full year 2025.
- Defense demand for radars, power, and sensing.
- Dividend $0.09/share and share repurchases.
Headwinds
- Adjusted EBITDA margin pressure from mix and input costs.
- Non-routine quantum license and legacy program impacts in 2025.
- Defense budget and program execution risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+12.4%
Q4 2025
Best reaction
-13.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +3.3% | +16.7% | |
| Q4 2025 | +12.4% | +13.8% | +22.0% | |
| Q3 2025 | -4.3% | -8.9% | -15.0% | |
| Q1 2025 | +8.8% | +12.1% | +14.4% | |
| Q4 2024 | +5.6% | -0.7% | +11.7% | |
| Q3 2024 | +5.9% | +11.0% | +22.4% | |
| Q2 2024 | +0.0% | -6.0% | +0.3% | |
| Q1 2024 | -2.5% | +0.1% | +9.4% | |
| Q4 2023 | +6.7% | -4.0% | -10.4% | |
| Q3 2023 | +2.8% | +1.3% | -2.8% | |
| Q2 2023 | +1.5% | +5.3% | +5.9% | |
| Q1 2023 | +2.4% | +5.2% | +3.4% | |
| Q4 2022 | -5.1% | +0.9% | +16.7% | |
| Q3 2022 | -4.6% | -10.6% | -1.8% | |
| Q2 2022 | -1.1% | -5.3% | -6.3% | |
| Q1 2022 | +0.0% | -0.4% | +4.4% | |
| Q4 2021 | -13.8% | -14.1% | -8.0% | |
| Q4 2019 | -13.8% | -14.1% | -8.0% | |
| Q3 2020 | +2.3% | -0.4% | -8.9% | |
| Q3 2021 | +2.3% | -0.4% | -8.9% | |
| Q2 2021 | -3.1% | -0.5% | -5.5% | |
| Q2 2020 | -3.1% | -0.5% | -5.5% | |
| Q4 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2021 | +3.2% | +4.5% | +0.7% |
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