Leonardo DRS, Inc. (DRS)

Analysis: Growth Rates Industry: Aerospace & Defense Sector: Industrials Live Price: $42.57

Enterprise Value

Metric / Stat	3Y	5Y	10Y
Stock Price
Avg YoY	59.02%	37.58%	30.15%
Slope	44.98%	33.06%	23.42%
CAGR	59.00%	34.92%	21.12%
LSR	59.00%	37.04%	24.01%
Market Capitalization
Avg YoY	57.91%	37.03%	30.20%
Slope	44.33%	32.68%	23.48%
CAGR	57.90%	34.45%	21.36%
LSR	57.90%	36.58%	24.23%
(-) Cash & Equivalents
Avg YoY	25.28%	85.75%	235.89%
Slope	22.41%	25.15%	1.72%
CAGR	25.28%	53.04%	27.34%
LSR	25.28%	41.49%	—
(+) Total Debt
Avg YoY	-13.00%	-15.87%	-44.26%
Slope	-14.19%	-20.16%	-48.70%
CAGR	-13.09%	-16.61%	-44.80%
LSR	-13.09%	-18.44%	—
Enterprise Value
Avg YoY	51.75%	28.06%	21.89%
Slope	40.89%	25.73%	-36.68%
CAGR	51.68%	24.89%	-23.88%
LSR	51.68%	26.68%	-16.83%

Income Statement

Metric / Stat	3Y	5Y	10Y
Revenue
Avg YoY	9.69%	4.14%	9.49%
Slope	9.27%	2.98%	2.71%
CAGR	9.59%	3.87%	7.16%
LSR	9.59%	2.90%	3.24%
Cost of Revenue
Avg YoY	8.76%	2.61%	8.58%
Slope	8.39%	1.20%	1.24%
CAGR	8.60%	2.26%	5.87%
LSR	8.60%	1.11%	1.74%
Gross Profit
Avg YoY	13.14%	10.53%	14.02%
Slope	12.33%	9.75%	9.44%
CAGR	13.14%	10.48%	13.24%
LSR	13.14%	10.15%	10.55%
Gross Margin
Avg YoY	3.32%	6.47%	6.33%
Slope	3.15%	6.69%	6.72%
CAGR	3.24%	6.36%	5.68%
LSR	3.24%	7.05%	7.08%
R&D Expenses
Avg YoY	—	—	-21.07%
Slope	—	—	-41.06%
CAGR	—	—	—
LSR	—	—	—
SG&A Expenses
Avg YoY	7.69%	10.19%	7.71%
Slope	7.40%	10.20%	22.05%
CAGR	7.69%	9.98%	—
LSR	7.69%	10.86%	—
Operating Expenses
Avg YoY	1,442.40%	697.17%	363.30%
Slope	73.63%	12.22%	14.85%
CAGR	462.52%	9.07%	28.13%
LSR	462.52%	10.38%	17.48%
Operating Income (EBIT)
Avg YoY	-15.99%	34.03%	44.36%
Slope	-37.05%	7.29%	4.55%
CAGR	-27.73%	12.80%	4.77%
LSR	-27.73%	9.88%	5.58%
Operating Margin
Avg YoY	-24.96%	32.50%	29.56%
Slope	-46.39%	4.80%	1.96%
CAGR	-34.05%	8.59%	-2.23%
LSR	-34.05%	6.79%	2.27%
Interest Income
Avg YoY	—	—	-40.26%
Slope	—	—	-48.37%
CAGR	—	—	—
LSR	—	—	—
Interest Expense
Avg YoY	-17.89%	-20.99%	-4.30%
Slope	-21.43%	-22.37%	-14.17%
CAGR	-21.41%	-24.31%	-11.50%
LSR	-21.41%	-19.75%	-14.45%
Net Interest Income
Avg YoY	-17.89%	-20.99%	-1.79%
Slope	21.43%	22.37%	13.57%
CAGR	—	—	—
LSR	—	—	—
Other Income / Expense
Avg YoY	-13.10%	-18.55%	-0.59%
Slope	15.38%	20.30%	12.98%
CAGR	—	—	—
LSR	—	—	—
Unusual Items
Avg YoY	-13.10%	-18.55%	-0.59%
Slope	-15.38%	-20.30%	-12.98%
CAGR	-15.48%	-21.70%	-8.71%
LSR	-15.48%	-17.32%	-12.91%
EBT excl. Unusual
Avg YoY	4.31%	-113.24%	-176.08%
Slope	-45.99%	25.62%	49.09%
CAGR	-31.42%	—	29.05%
LSR	-31.42%	—	—
Pre-Tax Income
Avg YoY	-12.96%	53.79%	-51.07%
Slope	-39.91%	11.45%	10.03%
CAGR	-29.09%	23.91%	7.73%
LSR	-29.09%	18.22%	—
Pre-Tax Margin
Avg YoY	-22.50%	51.99%	-51.87%
Slope	-49.34%	8.93%	7.51%
CAGR	-35.29%	19.29%	0.53%
LSR	-35.29%	14.90%	—
Income Tax Expense
Avg YoY	16.25%	65.93%	-15.60%
Slope	-53.08%	4.85%	1.09%
CAGR	-34.81%	17.23%	-0.21%
LSR	-34.81%	6.41%	—
Net Income
Avg YoY	-15.87%	53.11%	-71.54%
Slope	-36.64%	13.17%	13.11%
CAGR	-27.48%	25.82%	11.27%
LSR	-27.48%	21.22%	—
Net Margin
Avg YoY	-24.84%	51.57%	-69.85%
Slope	-45.99%	10.63%	10.93%
CAGR	-33.82%	21.13%	3.83%
LSR	-33.82%	17.81%	—
Depreciation & Amortization
Avg YoY	18.91%	14.83%	13.92%
Slope	16.18%	14.63%	1.34%
CAGR	18.32%	14.47%	7.12%
LSR	18.32%	15.76%	1.86%
EBITDA
Avg YoY	-14.00%	27.64%	17.41%
Slope	-27.38%	8.68%	3.84%
CAGR	-21.68%	13.18%	5.28%
LSR	-21.68%	11.21%	3.82%
EBITDA Margin
Avg YoY	-22.85%	25.79%	7.51%
Slope	-36.84%	6.06%	1.10%
CAGR	-28.53%	8.96%	-1.76%
LSR	-28.53%	8.08%	0.56%
NOPAT
Avg YoY	-15.99%	34.03%	44.36%
Slope	-37.05%	7.29%	4.55%
CAGR	-27.73%	12.80%	4.77%
LSR	-27.73%	9.88%	5.58%
NOPAT Margin
Avg YoY	-24.96%	32.50%	29.56%
Slope	-46.39%	4.80%	1.96%
CAGR	-34.05%	8.59%	-2.23%
LSR	-34.05%	6.79%	2.27%
Owner's Earnings
Avg YoY	-19.44%	53.23%	27.86%
Slope	-34.15%	14.99%	10.92%
CAGR	-26.46%	27.84%	10.76%
LSR	-26.46%	24.65%	10.55%
Owner's Earnings Margin
Avg YoY	-27.72%	52.07%	18.59%
Slope	-43.30%	12.46%	8.51%
CAGR	-32.90%	23.07%	3.36%
LSR	-32.90%	21.14%	7.09%
EPS (Basic)
Avg YoY	-19.98%	31.14%	-105.44%
Slope	-48.50%	0.57%	-35.73%
CAGR	-34.55%	9.20%	-28.49%
LSR	-34.55%	1.99%	—
EPS (Diluted)
Avg YoY	-20.59%	30.83%	-105.47%
Slope	-49.22%	0.31%	-35.42%
CAGR	-35.01%	8.82%	-28.35%
LSR	-35.01%	1.65%	—
Shares (Basic)
Avg YoY	11.33%	16.94%	84.92%
Slope	9.91%	16.69%	19.86%
CAGR	10.81%	15.22%	55.60%
LSR	10.81%	18.85%	42.71%
Shares (Diluted)
Avg YoY	12.10%	17.32%	83.73%
Slope	10.59%	17.03%	19.93%
CAGR	11.58%	15.62%	55.30%
LSR	11.58%	19.25%	42.46%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Product
Avg YoY	-23.26%	-23.26%	-23.26%	-23.26%	-23.26%
Slope	-28.40%	-28.40%	-28.40%	-28.40%	-28.40%
CAGR	-24.05%	-24.05%	-24.05%	-24.05%	-24.05%
LSR	-24.05%	-24.05%	-24.05%	-24.05%	-24.05%
Service
Avg YoY	-45.70%	-45.70%	-45.70%	-45.70%	-45.70%
Slope	-61.62%	-61.62%	-61.62%	-61.62%	-61.62%
CAGR	-46.49%	-46.49%	-46.49%	-46.49%	-46.49%
LSR	-46.49%	-46.49%	-46.49%	-46.49%	-46.49%

Balance Sheet

Metric / Stat	3Y	5Y
Cash & Cash Equivalents
Avg YoY	25.28%	85.75%
Slope	22.41%	25.15%
CAGR	25.28%	53.04%
LSR	25.28%	41.49%
Cash & Short-Term Investments
Avg YoY	25.28%	85.75%
Slope	22.41%	25.15%
CAGR	25.28%	53.04%
LSR	25.28%	41.49%
Net Receivables
Avg YoY	-6.07%	-7.45%
Slope	-7.19%	-11.23%
CAGR	-6.70%	-8.27%
LSR	-6.70%	-10.65%
Inventory
Avg YoY	-4.35%	-4.50%
Slope	-5.40%	-5.55%
CAGR	-5.06%	-5.10%
LSR	-5.06%	-5.31%
Other Current Assets
Avg YoY	35.83%	3.53%
Slope	29.56%	-1.32%
CAGR	35.67%	-1.73%
LSR	35.67%	-0.92%
Total Current Assets
Avg YoY	1.31%	0.16%
Slope	0.86%	-3.32%
CAGR	0.84%	-0.72%
LSR	0.84%	-3.23%
Property, Plant & Equipment
Avg YoY	-5.51%	-7.56%
Slope	-7.00%	-12.29%
CAGR	-6.47%	-8.74%
LSR	-6.47%	-11.59%
Goodwill
Avg YoY	-9.91%	-9.33%
Slope	-11.20%	-12.81%
CAGR	-10.31%	-10.03%
LSR	-10.31%	-12.19%
Intangible Assets
Avg YoY	-21.15%	17.58%
Slope	-24.68%	7.59%
CAGR	-21.49%	5.33%
LSR	-21.49%	9.23%
Long-Term Investments
Avg YoY	—	-44.22%
Slope	—	-73.63%
CAGR	—	—
LSR	—	—
Tax Assets
Avg YoY	23.99%	-1.51%
Slope	17.35%	-4.24%
CAGR	20.84%	-6.27%
LSR	20.84%	-3.25%
Other Non-Current Assets
Avg YoY	-10.19%	-14.93%
Slope	-11.94%	-23.10%
CAGR	-10.87%	-17.33%
LSR	-10.87%	-20.81%
Total Non-Current Assets
Avg YoY	-8.85%	-9.03%
Slope	-9.96%	-12.19%
CAGR	-9.23%	-9.60%
LSR	-9.23%	-11.58%
Total Assets
Avg YoY	-4.02%	-4.85%
Slope	-4.69%	-8.09%
CAGR	-4.45%	-5.55%
LSR	-4.45%	-7.77%
Accounts Payable
Avg YoY	-11.76%	-13.91%
Slope	-15.34%	-21.31%
CAGR	-13.47%	-15.97%
LSR	-13.47%	-19.56%
Short-Term Debt
Avg YoY	1.66%	-17.27%
Slope	-14.01%	-27.19%
CAGR	-16.79%	-28.32%
LSR	-16.79%	-25.43%
Tax Payables
Avg YoY	-13.85%	-13.85%
Slope	-20.05%	43.32%
CAGR	-21.15%	—
LSR	-21.15%	—
Deferred Revenue
Avg YoY	17.27%	6.60%
Slope	15.88%	5.51%
CAGR	17.27%	5.98%
LSR	17.27%	5.34%
Other Current Liabilities
Avg YoY	-23.57%	-16.46%
Slope	-31.55%	-24.18%
CAGR	-25.76%	-19.22%
LSR	-25.76%	-23.10%
Total Current Liabilities
Avg YoY	-7.17%	-9.70%
Slope	-8.15%	-14.10%
CAGR	-7.61%	-10.70%
LSR	-7.61%	-13.16%
Long-Term Debt
Avg YoY	-13.03%	-14.72%
Slope	-14.95%	-19.31%
CAGR	-13.51%	-15.55%
LSR	-13.51%	-17.80%
Capital Lease Obligations
Avg YoY	-9.76%	-14.40%
Slope	-11.36%	-20.25%
CAGR	-10.38%	-15.69%
LSR	-10.38%	-18.36%
Deferred Tax Liabilities
Avg YoY	72.58%	72.58%
Slope	94.97%	81.66%
CAGR	—	—
LSR	—	—
Other Non-Current Liabilities
Avg YoY	2.48%	-12.19%
Slope	2.39%	-14.97%
CAGR	2.44%	-13.73%
LSR	2.44%	-12.48%
Total Non-Current Liabilities
Avg YoY	-9.63%	-14.32%
Slope	-10.77%	-18.50%
CAGR	-9.96%	-14.98%
LSR	-9.96%	-16.81%
Total Liabilities
Avg YoY	-8.05%	-11.46%
Slope	-9.08%	-15.71%
CAGR	-8.44%	-12.30%
LSR	-8.44%	-14.52%
Common Stock
Avg YoY	-9.97%	21.96%
Slope	-11.28%	5.82%
CAGR	-10.38%	13.82%
LSR	-10.38%	8.79%
Retained Earnings
Avg YoY	-16.01%	-16.64%
Slope	18.21%	21.45%
CAGR	—	—
LSR	—	—
Accumulated OCI
Avg YoY	-11.63%	-20.17%
Slope	13.50%	27.80%
CAGR	—	—
LSR	—	—
Total Shareholders’ Equity
Avg YoY	-15.95%	-16.74%
Slope	18.14%	21.59%
CAGR	—	—
LSR	—	—
Total Equity
Avg YoY	-15.95%	-16.74%
Slope	18.14%	21.59%
CAGR	—	—
LSR	—	—
Total Liabilities & Equity
Avg YoY	-24.44%	-22.12%
Slope	28.48%	27.30%
CAGR	—	—
LSR	—	—
Tangible Assets
Avg YoY	0.19%	-2.69%
Slope	-0.24%	-6.32%
CAGR	-0.24%	-3.60%
LSR	-0.24%	-6.07%
Tangible Equity
Avg YoY	-14.41%	-14.40%
Slope	16.35%	18.52%
CAGR	—	—
LSR	—	—
Tangible Book Value
Avg YoY	-14.41%	-14.40%
Slope	16.35%	18.52%
CAGR	—	—
LSR	—	—
Total Investments
Avg YoY	—	-44.22%
Slope	—	-73.63%
CAGR	—	—
LSR	—	—
Net Debt
Avg YoY	60.12%	0.55%
Slope	-277.33%	-140.99%
CAGR	—	—
LSR	—	—

Capital Structure

Metric / Stat	3Y	5Y
Working Capital
Avg YoY	12.90%	20.35%
Slope	12.05%	14.80%
CAGR	12.45%	19.42%
LSR	12.45%	16.92%
Total Capital
Avg YoY	-3.36%	-3.03%
Slope	-3.94%	-5.92%
CAGR	-3.75%	-3.64%
LSR	-3.75%	-5.75%
Capital Employed
Avg YoY	-2.85%	-2.95%
Slope	-3.46%	-5.73%
CAGR	-3.30%	-3.52%
LSR	-3.30%	-5.57%
Invested Capital
Avg YoY	-7.84%	-7.70%
Slope	-8.92%	-10.22%
CAGR	-8.29%	-8.10%
LSR	-8.29%	-9.79%

Cash Flow

Metric / Stat	3Y	5Y	10Y
Net Income
Avg YoY	-20.59%	30.83%	83.42%
Slope	-49.22%	0.31%	-35.42%
CAGR	-35.01%	8.82%	-28.35%
LSR	-35.01%	1.65%	—
Depreciation & Amortization
Avg YoY	6.04%	0.18%	-22.36%
Slope	5.85%	-3.08%	-39.37%
CAGR	6.04%	-1.00%	-31.02%
LSR	6.04%	-2.93%	-28.50%
Deferred Income Tax
Avg YoY	-231.09%	-142.12%	-19.92%
Slope	122.87%	-116.22%	-47.17%
CAGR	—	-19.07%	-32.70%
LSR	—	—	—
Stock-Based Compensation
Avg YoY	102.26%	102.26%	102.26%
Slope	52.04%	67.35%	46.63%
CAGR	87.98%	—	—
LSR	87.98%	—	—
Change in Working Capital
Avg YoY	-185.20%	-100.36%	-146.65%
Slope	17.74%	14.12%	12.81%
CAGR	-12.04%	-0.99%	—
LSR	-12.04%	-19.86%	—
Accounts Receivable
Avg YoY	275.49%	147.59%	33.51%
Slope	-171.67%	7.19%	42.90%
CAGR	805.10%	13.00%	-25.82%
LSR	—	—	—
Inventory
Avg YoY	-55.34%	-12.37%	0.03%
Slope	22.60%	-6.98%	46.91%
CAGR	-15.99%	-19.16%	-37.26%
LSR	-15.99%	—	—
Accounts Payable
Avg YoY	-59.07%	-265.14%	-141.08%
Slope	78.14%	53.53%	-48.86%
CAGR	—	—	-43.79%
LSR	—	—	—
Other Working Capital
Avg YoY	93.52%	19.74%	-34.44%
Slope	337.82%	-51.22%	-61.11%
CAGR	—	-29.75%	-29.03%
LSR	—	—	—
Other Non-Cash Items
Avg YoY	49.42%	-0.38%	-36.01%
Slope	151.03%	-0.89%	-52.12%
CAGR	—	—	-62.24%
LSR	—	—	—
Net Cash from Operating Activities
Avg YoY	218.14%	98.97%	23.17%
Slope	66.33%	-1.19%	-42.33%
CAGR	156.82%	4.95%	-31.58%
LSR	156.82%	-0.71%	-30.94%
Capital Expenditures (PPE)
Avg YoY	-7.44%	0.34%	18.84%
Slope	-2.69%	9.15%	39.40%
CAGR	2.48%	-4.00%	-30.58%
LSR	2.48%	-8.84%	-26.60%
Acquisitions (Net)
Avg YoY	-100.00%	674.74%	314.02%
Slope	-150.00%	0.66%	55.19%
CAGR	—	—	—
LSR	—	—	—
Purchases of Investments
Avg YoY	—	74.18%	74.18%
Slope	—	82.97%	-10.19%
CAGR	—	—	—
LSR	—	—	—
Sales / Maturities of Investments
Avg YoY	—	619.80%	619.80%
Slope	—	-45.61%	19.25%
CAGR	—	—	—
LSR	—	—	—
Other Investing Activities
Avg YoY	-1.38%	188.92%	208.45%
Slope	74.48%	-36.64%	25.76%
CAGR	—	—	—
LSR	—	—	—
Net Cash from Investing Activities
Avg YoY	-75.71%	165.02%	80.50%
Slope	-235.64%	-7.17%	54.48%
CAGR	—	—	-53.14%
LSR	—	—	—
Net Debt Issuance
Avg YoY	-102.16%	-14.88%	-822.75%
Slope	-162.57%	54.22%	-55.27%
CAGR	315.54%	-24.99%	—
LSR	—	—	—
Long-Term Debt Issuance
Avg YoY	-126.64%	-16.21%	-127.39%
Slope	-176.50%	69.64%	-55.05%
CAGR	—	-44.53%	—
LSR	—	—	—
Short-Term Debt Issuance
Avg YoY	22.90%	11.70%	12.27%
Slope	-152.48%	19.33%	50.40%
CAGR	79.24%	12.95%	-36.50%
LSR	—	—	—
Net Stock Issuance
Avg YoY	-126.90%	-126.90%	-46.59%
Slope	-55.19%	31.60%	60.40%
CAGR	—	—	-46.47%
LSR	—	—	—
Common Stock Issuance
Avg YoY	31.49%	31.49%	-6.99%
Slope	85.20%	78.40%	64.21%
CAGR	—	—	—
LSR	—	—	—
Common Stock Repurchased
Avg YoY	-1,773.74%	-1,773.74%	-1,773.74%
Slope	-142.40%	-97.47%	-53.93%
CAGR	—	—	—
LSR	—	—	—
Net Dividends Paid
Avg YoY	100.00%	100.00%	85.50%
Slope	150.00%	0.00%	-1.40%
CAGR	—	—	—
LSR	—	—	—
Common Dividends Paid
Avg YoY	100.00%	100.00%	85.50%
Slope	150.00%	0.00%	-1.40%
CAGR	—	—	—
LSR	—	—	—
Other Financing Activities
Avg YoY	-55.85%	-3.90%	-47.25%
Slope	-27.92%	-17.79%	-121.67%
CAGR	26.74%	8.75%	—
LSR	26.74%	—	—
Net Cash from Financing Activities
Avg YoY	-182.57%	-232.36%	-944.96%
Slope	123.24%	17.16%	-56.10%
CAGR	-66.59%	-20.89%	—
LSR	—	—	—
Effect of FX on Cash
Avg YoY	—	-100.00%	15.60%
Slope	—	-100.00%	1,132.23%
CAGR	—	—	—
LSR	—	—	—
Net Change in Cash
Avg YoY	39.45%	218.55%	63.90%
Slope	19.45%	13.60%	59.86%
CAGR	26.26%	—	—
LSR	26.26%	—	—
Cash at Beginning of Period
Avg YoY	27.17%	48.45%	170.95%
Slope	23.44%	30.87%	-46.68%
CAGR	25.01%	32.41%	-32.54%
LSR	25.01%	38.53%	-7.20%
Cash at End of Period
Avg YoY	25.28%	85.75%	216.33%
Slope	22.41%	25.15%	0.98%
CAGR	25.28%	53.04%	27.34%
LSR	25.28%	41.49%	11.03%
Operating Cash Flow
Avg YoY	218.14%	98.97%	23.17%
Slope	66.33%	-1.19%	-42.33%
CAGR	156.82%	4.95%	-31.58%
LSR	156.82%	-0.71%	-30.94%
Capital Expenditure
Avg YoY	-7.44%	0.34%	18.84%
Slope	-2.69%	9.15%	39.40%
CAGR	2.48%	-4.00%	-30.58%
LSR	2.48%	-8.84%	-26.60%
Free Cash Flow
Avg YoY	247.76%	113.47%	28.68%
Slope	115.55%	4.30%	-43.56%
CAGR	—	10.82%	-32.00%
LSR	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y
EBITDA
Avg YoY	8.57%	0.10%	-22.36%
Slope	8.13%	-7.84%	-40.42%
CAGR	8.26%	-3.27%	-31.66%
LSR	8.26%	-7.26%	-28.78%
(-) Tax Adjustment
Avg YoY	17.64%	3.14%	-23.07%
Slope	-0.56%	-17.32%	-43.75%
CAGR	-0.47%	-8.48%	-36.02%
LSR	-0.47%	-16.52%	-34.93%
Change In Working Capital
Avg YoY	-185.20%	-100.36%	-146.65%
Slope	17.74%	14.12%	12.81%
CAGR	—	—	—
LSR	—	—	—
Capital Expenditure
Avg YoY	-7.44%	0.34%	18.84%
Slope	-2.69%	9.15%	39.40%
CAGR	—	—	—
LSR	—	—	—
Unlevered Free Cash Flow
Avg YoY	7.09%	2.99%	-15.34%
Slope	5.81%	-6.44%	-36.45%
CAGR	5.68%	-0.97%	-27.51%
LSR	5.68%	-6.02%	-24.99%
Net Interest After Taxes
Avg YoY	24.57%	31.55%	32.33%
Slope	28.91%	36.12%	42.76%
CAGR	—	—	—
LSR	—	—	—
Net Debt Issuance
Avg YoY	-102.16%	-14.88%	-822.75%
Slope	-162.57%	54.22%	-55.27%
CAGR	—	—	—
LSR	—	—	—
Levered Free Cash Flow
Avg YoY	-3.42%	4.09%	-24.51%
Slope	-3.56%	-3.31%	-51.23%
CAGR	-3.46%	0.85%	-44.63%
LSR	-3.46%	-2.84%	-33.80%