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Dec 31, 2025
Leonardo DRS Q4 2025 Earnings Report
Leonardo DRS reported higher revenue and earnings in the fourth quarter of 2025, driven by strong demand and improved profitability.
Key Takeaways
Leonardo DRS generated revenue of 1060000000 in Q4 2025, up year-over-year, with net earnings of 102000000 and diluted EPS of 0.38. Growth was supported by strong bookings and improved operating performance, while backlog increased to 8731000000.
Revenue increased to 1060000000, up 8% year-over-year.
Net earnings rose to 102000000 with diluted EPS of 0.38.
Adjusted EBITDA reached 158000000 with a 14.9% margin.
Backlog grew to 8731000000, up 3% from the prior year.
Revenue by Segment
Forward Guidance
The company initiated 2026 guidance, projecting continued revenue and earnings growth.
Positive Outlook
- Revenue guidance between 3850000000 and 3950000000 for 2026.
- Adjusted EBITDA guidance between 505000000 and 525000000.
- Adjusted Diluted EPS guidance between 1.20 and 1.26.
- Backlog remained strong at 8731000000 entering 2026.
- Continued demand across core defense technologies.
Challenges Ahead
- Adjusted EBITDA margin slightly declined year-over-year in Q4.
- IMS segment Adjusted EBITDA declined significantly in Q4.
- Book-to-bill ratio declined from prior year quarter.
- Bookings decreased compared to prior year quarter.
- Margin pressure from mix and material input costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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