Leonardo DRS, Inc. (DRS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.06B | 2.33B | 2.17B | 2.02B | 2.07B | 2.16B | 1.86B | 1.8B | 1.77B | 1.92B | 1.74B | 1.7B | 1.71B | 1.71B | 1.43B | 1.54B | 1.52B | 1.39B | 1.23B | 1.27B |
| Cash & Short-Term Investments | 328M | 647M | 309M | 278M | 380M | 598M | 198M | 149M | 160M | 467M | 47M | 35M | 174M | 306M | 63M | 69M | 113M | 240M | 78M | 91M |
| Cash Only | 328M | 647M | 309M | 278M | 380M | 598M | 198M | 149M | 160M | 467M | 47M | 35M | 174M | 306M | 63M | 69M | 113M | 240M | 78M | 91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 324M | 1.26B | 1.38B | 1.28B | 1.24B | 1.13B | 1.23B | 1.23B | 1.2B | 1.06B | 1.26B | 1.22B | 1.13B | 1.04B | 1.08B | 999M | 953M | 899M | 884M | 860M |
| Days Sales Outstanding | 84.52 | 114.83 | 127.55 | 138.15 | 132.97 | 110.62 | 139.3 | 146.53 | 149.4 | 115.25 | 162.08 | 169.68 | 171.14 | 118.98 | 151.06 | 141.65 | 136.18 | 100.02 | 111.42 | 120.66 |
| Inventory | 371M | 352M | 404M | 400M | 385M | 358M | 363M | 367M | 342M | 329M | 383M | 378M | 364M | 319M | 246M | 249M | 231M | 205M | 215M | 257M |
| Days Inventory Outstanding | 51.32 | 43.63 | 50.11 | 56.52 | 54.1 | 44.46 | 53.05 | 55.24 | 57.07 | 45.74 | 64.71 | 69.9 | 70.17 | 40.86 | 45.18 | 43.68 | 41.05 | 28.97 | 36.86 | 44.47 |
| Other Current Assets | 1.03B | 36M | 40M | 40M | 41M | 55M | 36M | 33M | 47M | 42M | 32M | 51M | 29M | 24M | 39M | 203M | 202M | 22M | 18M | 41M |
| Total Non-Current Assets | 2.15B | 2.29B | 2.08B | 2.05B | 2.03B | 2.02B | 2B | 2.01B | 2.01B | 2B | 1.97B | 1.97B | 1.97B | 1.97B | 1.5B | 1.51B | 1.52B | 1.68B | 1.66B | 1.67B |
| Property, Plant & Equipment | 512M | 619M | 477M | 463M | 455M | 440M | 415M | 419M | 407M | 402M | 399M | 402M | 402M | 404M | 362M | 363M | 367M | 364M | 356M | 357M |
| Fixed Asset Turnover | 1.50x | 1.93x | 2.04x | 1.81x | 1.79x | 2.29x | 1.95x | 1.82x | 1.70x | 2.31x | 1.76x | 1.56x | 1.41x | 2.14x | 1.75x | 1.72x | 1.67x | 2.28x | 2.02x | 1.84x |
| Goodwill | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 952M | 952M | 954M | 1.07B | 1.07B | 1.06B |
| Intangible Assets | 106M | 112M | 114M | 120M | 126M | 132M | 138M | 144M | 146M | 151M | 156M | 161M | 167M | 172M | 45M | 47M | 50M | 52M | 54M | 55M |
| Long-Term Investments | 0 | 21M | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 210M | 85M | 111M | 115M | 88M | 91M | 86M | 91M | 95M | 89M | 95M | 98M | 92M | 92M | 92M | 98M | 97M | 137M | 126M | 132M |
| Total Assets | 4.21B | 4.62B | 4.25B | 4.08B | 4.1B | 4.18B | 3.86B | 3.82B | 3.78B | 3.92B | 3.71B | 3.66B | 3.68B | 3.68B | 2.93B | 3.04B | 3.03B | 3.07B | 2.89B | 2.94B |
| Asset Turnover | 0.19x | 0.24x | 0.23x | 0.20x | 0.19x | 0.24x | 0.21x | 0.20x | 0.18x | 0.24x | 0.19x | 0.17x | 0.15x | 0.25x | 0.21x | 0.21x | 0.20x | 0.28x | 0.25x | 0.22x |
| Asset Growth % | 2.81% | 10.35% | 9.95% | 6.81% | 8.33% | 6.71% | 3.99% | 4.29% | 2.72% | 6.64% | 26.68% | 20.34% | 21.37% | 19.81% | 1.56% | 3.54% | 4.08% | 3.82% | - | - |
| Total Current Liabilities | 1.1B | 1.23B | 1.08B | 958M | 1.03B | 1.12B | 880M | 896M | 902M | 1.08B | 951M | 943M | 1.02B | 1.04B | 912M | 911M | 923M | 989M | 832M | 912M |
| Accounts Payable | 187M | 351M | 342M | 265M | 299M | 426M | 292M | 263M | 220M | 398M | 328M | 290M | 258M | 457M | 285M | 291M | 248M | 479M | 285M | 306M |
| Days Payables Outstanding | 38.19 | 40 | 37.83 | 40.6 | 52.79 | 44.27 | 40.33 | 37.63 | 52.56 | 46.64 | 52.55 | 51.62 | 73.46 | 53.67 | 52.57 | 49.05 | 68.44 | 52.69 | 46.16 | 55.61 |
| Short-Term Debt | 11M | 54M | 52M | 22M | 27M | 25M | 22M | 22M | 30M | 57M | 132M | 136M | 250M | 29M | 67M | 140M | 186M | 41M | 124M | 188M |
| Deferred Revenue (Current) | 0 | 585M | 440M | 436M | 467M | 399M | 315M | 348M | 361M | 335M | 258M | 292M | 247M | 233M | 195M | 156M | 172M | 174M | 160M | 147M |
| Other Current Liabilities | 907M | 86M | 75M | 140M | 142M | 140M | 145M | 163M | 158M | 146M | 144M | 146M | 174M | 204M | 190M | 256M | 237M | 201M | 174M | 183M |
| Current Ratio | 1.86x | 1.89x | 2.00x | 2.11x | 2.02x | 1.94x | 2.11x | 2.01x | 1.96x | 1.78x | 1.83x | 1.80x | 1.68x | 1.64x | 1.57x | 1.69x | 1.64x | 1.40x | 1.47x | 1.40x |
| Quick Ratio | 1.52x | 1.60x | 1.63x | 1.70x | 1.64x | 1.62x | 1.70x | 1.60x | 1.59x | 1.47x | 1.43x | 1.40x | 1.32x | 1.33x | 1.30x | 1.41x | 1.39x | 1.20x | 1.21x | 1.12x |
| Cash Conversion Cycle | 97.65 | 118.46 | 139.83 | 154.06 | 134.28 | 110.8 | 152.02 | 164.14 | 153.9 | 114.35 | 174.24 | 187.96 | 167.85 | 106.18 | 143.67 | 136.28 | 108.78 | 76.3 | 102.13 | 109.53 |
| Total Non-Current Liabilities | 336M | 656M | 515M | 521M | 498M | 511M | 507M | 517M | 524M | 518M | 520M | 530M | 519M | 508M | 481M | 474M | 475M | 487M | 524M | 527M |
| Long-Term Debt | 140M | 226M | 326M | 331M | 335M | 340M | 345M | 351M | 356M | 349M | 351M | 357M | 360M | 365M | 350M | 350M | 354M | 352M | 372M | 373M |
| Capital Lease Obligations | 0 | 190M | 93M | 92M | 63M | 66M | 66M | 70M | 74M | 68M | 32M | 74M | 68M | 68M | 61M | 68M | 63M | 73M | 69M | 74M |
| Deferred Tax Liabilities | 4M | 134M | 5M | 6M | 7M | 7M | 6M | 4M | 4M | 4M | 8M | 8M | 6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 192M | 106M | 91M | 92M | 93M | 98M | 90M | 92M | 90M | 97M | 129M | 91M | 85M | 75M | 70M | 56M | 58M | 62M | 83M | 80M |
| Total Liabilities | 1.44B | 1.89B | 1.6B | 1.48B | 1.52B | 1.63B | 1.39B | 1.41B | 1.43B | 1.6B | 1.47B | 1.47B | 1.54B | 1.55B | 1.39B | 1.39B | 1.4B | 1.48B | 1.36B | 1.44B |
| Total Debt | 151M | 470M | 471M | 472M | 452M | 458M | 460M | 469M | 484M | 497M | 538M | 591M | 705M | 487M | 503M | 580M | 629M | 490M | 588M | 659M |
| Net Debt | -177M | -177M | 162M | 194M | 72M | -140M | 262M | 320M | 324M | 30M | 491M | 556M | 531M | 181M | 440M | 511M | 516M | 250M | 510M | 568M |
| Debt / Equity | 0.05x | 0.17x | 0.18x | 0.18x | 0.18x | 0.18x | 0.19x | 0.19x | 0.21x | 0.21x | 0.24x | 0.27x | 0.33x | 0.23x | 0.33x | 0.35x | 0.38x | 0.31x | 0.38x | 0.44x |
| Debt / EBITDA | 1.96x | 3.13x | 4.06x | 5.08x | 5.51x | 3.20x | 4.69x | 6.01x | 7.45x | 3.91x | 6.73x | 9.53x | 15.00x | 4.68x | 1.28x | 10.00x | 8.86x | 5.16x | 8.52x | 10.14x |
| Net Debt / EBITDA | -2.30x | -1.18x | 1.40x | 2.09x | 0.88x | -0.98x | 2.67x | 4.10x | 4.98x | 0.24x | 6.14x | 8.97x | 11.30x | 1.74x | 1.12x | 8.81x | 7.27x | 2.63x | 7.39x | 8.74x |
| Interest Coverage | - | 126.00x | 22.75x | 34.50x | 59.00x | 28.75x | 14.80x | 7.71x | 8.40x | 11.56x | 5.80x | 4.67x | 3.00x | 12.14x | 41.78x | 4.20x | 7.00x | 10.13x | 5.78x | 5.78x |
| Total Equity | 2.77B | 2.73B | 2.65B | 2.6B | 2.57B | 2.56B | 2.47B | 2.41B | 2.35B | 2.33B | 2.24B | 2.19B | 2.14B | 2.13B | 1.54B | 1.66B | 1.64B | 1.59B | 1.53B | 1.5B |
| Equity Growth % | 7.74% | 6.77% | 7.03% | 8.06% | 9.17% | 9.98% | 10.35% | 9.91% | 9.89% | 9.31% | 45.77% | 32.03% | 31.07% | 33.52% | 0.52% | 10.53% | 12.37% | 11.63% | - | - |
| Book Value per Share | 10.31 | 10.16 | 9.85 | 9.67 | 9.56 | 9.54 | 9.23 | 9.01 | 8.84 | 8.75 | 8.46 | 8.29 | 8.18 | 9.29 | 10.58 | 7.90 | 11.35 | 10.99 | 10.49 | 10.31 |
| Total Shareholders' Equity | 2.77B | 2.73B | 2.65B | 2.6B | 2.57B | 2.56B | 2.47B | 2.41B | 2.35B | 2.33B | 2.24B | 2.19B | 2.14B | 2.13B | 1.54B | 1.66B | 1.64B | 1.59B | 1.53B | 1.5B |
| Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 1M | 1M | 1M | 2M | 1M | 1M |
| Retained Earnings | -2.25B | -2.31B | -2.42B | -2.49B | -2.54B | -2.59B | -2.68B | -2.74B | -2.78B | -2.81B | -2.88B | -2.93B | -2.96B | -2.97B | -3.04B | -2.92B | -2.95B | -2.98B | -3.04B | -3.08B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -42M | -41M | -43M | -42M | -47M | -47M | -47M | -47M | -47M | -47M | -47M | -47M | -49M | -49M | -57M | -54M | -52M | -58M | -63M | -58M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |