DRS
Leonardo DRS, Inc.
DRS has a slight edge over RDW overall, supported by lower modeled downside and stronger modeled upside.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
DRS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
DRS's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
DRS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $12.28 | -66% |
| Forward | 24x | $35.66 | — |
| Current | 26x | $35.66 | — |
| Fair | 27x | $36.60 | +2.6% |
| Expensive | 43x | $58.75 | +65% |
Historical ranges are pointers, not guarantees.
DRS's PE is in its fair range at 26x. If earnings grow as analysts expect, today's price would be 24x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
DRS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DRS, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
DRS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.48 | +8.5% |
| Q3 2026 | $1.36 | +37% |
| Q2 2026 | $1.19 | +27% |
| Q1 2026 | $1.07 | +22% |
| Q4 2025 | $1.03 | +29% |
| Q3 2025 | $0.99 | +34% |
| Q2 2025 | $0.94 | +32% |
| Q1 2025 | $0.88 | +26% |
| Q4 2024 | $0.80 | +25% |
DRS has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
DRS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +11% |
| Q2 2026 | $913M | +10% |
| Q1 2026 | $846M | +5.9% |
| Q4 2025 | $1.1B | +8.1% |
| Q3 2025 | $960M | +18% |
| Q2 2025 | $829M | +10% |
| Q1 2025 | $799M | +16% |
| Q4 2024 | $981M | +5.9% |
DRS's revenue has grown year over year for 14 quarters in a row: $1.1B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +1.2 points |
| Q2 2026 | 11% | +2.7 points |
| Q1 2026 | 9.1% | +1.7 points |
| Q4 2025 | 12% | -0.3 points |
| Q3 2025 | 9.7% | +0.4 points |
| Q2 2025 | 8.4% | +1.1 points |
| Q1 2025 | 7.4% | +1.1 points |
| Q4 2024 | 12% | +0.9 points |
DRS has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
DRS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $58M | -25% |
| Q2 2026 | $6M | +$62M |
| Q1 2026 | -$96M | +$74M |
| Q4 2025 | $376M | -9.2% |
| Q3 2025 | $77M | +64% |
| Q2 2025 | -$56M | -$56M |
| Q1 2025 | -$170M | +$105M |
| Q4 2024 | $414M | -17% |
DRS has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
DRS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -600K shares |
| 1 year | 0% | -100K shares |
| 3 years | +1.2% | +3.3M shares |
| 5 years | +85% | +123M shares |
| Available history | +85% | +123M shares |
DRS has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $12M |
| Q2 2026 | $12M |
| Q1 2026 | $4M |
| Q4 2025 | $11M |
| Q3 2025 | $10M |
| Q2 2025 | $11M |
| Q1 2025 | $3M |
| Q4 2024 | $15M |
DRS spent $39M buying back its own shares over the past year, about the same as the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
DRS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
DRS has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
DRS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 21.1 | Neutral |
DRS's weekly RSI is 42 (neutral) and its Stochastic is 21 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
DRS PE vs Industrials Sector
| Metric | DRS | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 8.9% above |
| PE % | 49 | 58 | 9 pts below |
DRS is trading at 26x earnings, in line with the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
DRS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.9 | 0.8% below |
| 20 week MA | $39.7 | 10% below |
| 50 week MA | $41.0 | 13% below |
| 100 week MA | $39.8 | 10% below |
| 200 week MA | $30.4 | 17% above |
DRS has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
DRS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.35 | $10.3 | +92% |
| 2021 | $10.3 | $9.45 | -8% |
| 2022 | $9.45 | $13.2 | +39% |
| 2023 | $13.2 | $20.0 | +52% |
| 2024 | $20.0 | $32.5 | +62% |
| 2025 | $32.5 | $34.3 | +5.3% |
| 2026 YTD | $34.3 | $35.7 | +4% |
DRS has finished higher in five of the last six years, three of them by more than 50%. It's up 4% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over DRS on returns for 2026, with the stronger performance.