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Leonardo DRS vs Teledyne Technologies: revenue, profit, margins and growth compared

Leonardo DRS brought in $3.6B of revenue in fiscal 2025, Teledyne Technologies $6.1B in fiscal 2025. Revenue changed by +12.8% at Leonardo DRS and +7.9% at Teledyne Technologies on the year before, so Leonardo DRS grew faster. Leonardo DRS kept 7.6% of its revenue as net profit, Teledyne Technologies 14.6%. Free cash flow was $227M at Leonardo DRS and $1.1B at Teledyne Technologies.

Side by side, latest fiscal year

DRSTDY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 28, 2025)
Revenue$3.6B$6.1B
Revenue growth+12.8%+7.9%
Net income$278M$894.8M
Net margin7.6%14.6%
Free cash flow$227M$1.1B
Free cash flow margin6.2%17.6%
Earnings per share (diluted)$1.03$18.88
Cash$647M$352.4M
Debt$348M$2.5B
Price to earnings36.132.5
Market value$9.9B$28.5B
Dividend yield0.97%n/a
Rank by revenue in sector#155 of 451 · Industrials#105 of 451 · Industrials

Over the years

Revenue
DRS FY2019: $2.7BDRS FY2021: $2.8BDRS FY2021: $2.9BDRS FY2022: $2.7BDRS FY2023: $2.8BDRS FY2024: $3.2BDRS FY2025: $3.6BTDY FY2018: $2.9BTDY FY2019: $3.2BTDY FY2020: $3.1BTDY FY2021: $4.6BTDY FY2022: $5.5BTDY FY2023: $5.6BTDY FY2024: $5.7BTDY FY2025: $6.1BFY18FY19FY20FY21FY22FY23FY24FY25
DRS $3.6BTDY $6.1B
Net income
DRS FY2019: $75MDRS FY2021: $85MDRS FY2021: $154MDRS FY2022: $405MDRS FY2023: $168MDRS FY2024: $213MDRS FY2025: $278MTDY FY2018: $333.8MTDY FY2019: $402.3MTDY FY2020: $401.9MTDY FY2021: $445.3MTDY FY2022: $788.6MTDY FY2023: $885.7MTDY FY2024: $819.2MTDY FY2025: $894.8MFY18FY19FY20FY21FY22FY23FY24FY25
DRS $278MTDY $894.8M
Net margin
DRS FY2019: 2.8%DRS FY2021: 3.1%DRS FY2021: 5.3%DRS FY2022: 15.0%DRS FY2023: 5.9%DRS FY2024: 6.6%DRS FY2025: 7.6%TDY FY2018: 11.5%TDY FY2019: 12.7%TDY FY2020: 13.0%TDY FY2021: 9.7%TDY FY2022: 14.4%TDY FY2023: 15.7%TDY FY2024: 14.4%TDY FY2025: 14.6%FY18FY19FY20FY21FY22FY23FY24FY25
DRS 7.6%TDY 14.6%
Revenue growth
DRS FY2021: +2.4%DRS FY2021: +3.6%DRS FY2022: -6.5%DRS FY2023: +4.9%DRS FY2024: +14.4%DRS FY2025: +12.8%TDY FY2019: +9.0%TDY FY2020: -2.4%TDY FY2021: +49.5%TDY FY2022: +18.3%TDY FY2023: +3.2%TDY FY2024: +0.6%TDY FY2025: +7.9%FY19FY20FY21FY22FY23FY24FY25
DRS +12.8%TDY +7.9%
Free cash flow
DRS FY2019: $102MDRS FY2021: $69MDRS FY2021: $118MDRS FY2022: -$32MDRS FY2023: $145MDRS FY2024: $186MDRS FY2025: $227MTDY FY2018: $360.1MTDY FY2019: $393.7MTDY FY2020: $547.5MTDY FY2021: $723MTDY FY2022: $394.2MTDY FY2023: $721.2MTDY FY2024: $1.1BTDY FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
DRS $227MTDY $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Leonardo DRS and Teledyne Technologies

Which is bigger by revenue, Leonardo DRS or Teledyne Technologies?

Teledyne Technologies is bigger by revenue: $6.1B in fiscal 2025, against $3.6B for Leonardo DRS in fiscal 2025.

Which keeps more of its revenue as profit, Leonardo DRS or Teledyne Technologies?

Leonardo DRS had a net margin of 7.6% in fiscal 2025; Teledyne Technologies had 14.6% in fiscal 2025.

Which grew revenue faster, Leonardo DRS or Teledyne Technologies?

In their latest fiscal years revenue changed by +12.8% at Leonardo DRS and +7.9% at Teledyne Technologies.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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