Leonardo DRS, Inc. (DRS) intrinsic value & 10-year financials
Leonardo DRS, Inc. (DRS) has a Graham intrinsic value of $29.00 per share. At $35.42 on Oct 17, 2026, the stock trades 22% above that value. Over the last 8 fiscal years revenue grew 5.0% a year to $3.6B, with an average return on invested capital of 12.2%.
- Graham intrinsic value
- $29.00
- Share price (Oct 17, 2026)
- $35.42
- Price vs Graham value
- 22% above
- Market cap
- $9.5B
- Revenue (FY2025)
- $3.6B
- Revenue growth (8-yr CAGR)
- 5.0%
- ROIC (10-yr avg)
- 12.2%
- Free cash flow (FY2025)
- $227.0M
DRS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.6B | $278.0M | $1.03 | $227.0M | 9.5% | 12.2% |
| FY2024 | $3.2B | $213.0M | $0.80 | $186.0M | 9.1% | 10.5% |
| FY2023 | $2.8B | $168.0M | $0.64 | $145.0M | 8.2% | 9.2% |
| FY2022 | $2.7B | $405.0M | $1.88 | -$32.0M | 20.8% | 22.2% |
| FY2021 | $2.9B | $154.0M | $1.06 | $118.0M | 8.2% | 10.5% |
| FY2020 | $2.8B | $85.0M | $0.59 | $69.0M | 6.5% | 7.9% |
| FY2019 | $2.7B | $75.0M | $0.52 | $102.0M | 6.0% | 13.0% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Leonardo DRS, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Leonardo DRS, Inc. returns on capital have been average, hovering around 12.1% ROIC over the decade.
Leonardo DRS, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Leonardo DRS, Inc. is modeled at 12.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $29.00 per share.