DRS Leonardo DRS, Inc. - Common Stock
NASDAQ · Aerospace & Defense · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 30, 2026
$36.80
· of 52w range
· above low
· to high
$32.5652w low
$50.5952w high
Market Cap (MRQ)
$9.82B
P/E (TTM)
30.9
EPS (TTM)
$1.19
Revenue (TTM)
$3.78B
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52W Range
$33–$51
Analyst Rating
BUY
Price Target
$54
P/E
30.9
ROE
11.9%
Net Profit Margin
8.5%
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DRS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$36.80
Market Cap (MRQ)
$9.82B
P/E (TTM)
30.9
EPS (TTM)
$1.19
Revenue (TTM)
$3.78B
ROE (TTM)
11.9%
Debt/Equity (MRQ)
0.0
52W Range
$33–$51
DRS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 14, 2016 | 1-for-2 | Reverse |
| Feb. 14, 2007 | 1-for-3 | Reverse |
| April 4, 2001 | 1-for-2 | Reverse |
| Oct. 23, 1990 | 1-for-2 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.65B2019-12-31 → 2025-12-31
EPS$1.032019-12-31 → 2025-12-31
Free Cash Flow$227M2021-12-31 → 2025-12-31
Net margin8.5%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | DRS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 30.95Y avg ≈24.9 | ≈24.9 | 44.0 | Undervalued | |
| P/S (TTM) | 2.65Y avg ≈1.7 | ≈1.7 | 3.0 | Fair value | |
| P/B (MRQ) | 3.55Y avg ≈2.3 | ≈2.3 | 3.6 | Overvalued | |
| EV / EBITDA | 20.75Y avg ≈12.8 | ≈12.8 | 22.2 | Undervalued | |
| Price / FCF (TTM) | 27.15Y avg ≈6.0 | ≈6.0 | · | · | |
| Price / Cash Flow (TTM) | 19.65Y avg ≈38.1 | ≈38.1 | 24.8 | Fair value | |
| EV / Revenue | 2.55Y avg ≈1.6 | ≈1.6 | · | · | |
| EV / FCF | 40.35Y avg ≈5.6 | ≈5.6 | · | · | |
| Price / Tangible Book (MRQ) | 3.65Y avg ≈5.4 | ≈5.4 | · | · | |
| PEG Ratio | ≈1.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | DRS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 24.9%5Y avg ≈22.0% | ≈22.0% | 26.0% | In line | |
| Operating Margin (TTM) | 10.5%5Y avg ≈11.2% | ≈11.2% | 10.8% | In line | |
| EBITDA Margin (TTM) | 13.1%5Y avg ≈13.7% | ≈13.7% | 10.0% | In line | |
| Pretax Margin (TTM) | 10.3%5Y avg ≈10.1% | ≈10.1% | 8.5% | Top tier | |
| Net Profit Margin (TTM) | 8.5%5Y avg ≈8.1% | ≈8.1% | 7.9% | Top tier | |
| ROA (TTM) | 7.8%5Y avg ≈6.6% | ≈6.6% | 4.6% | Top tier | |
| ROE (TTM) | 11.9%5Y avg ≈11.6% | ≈11.6% | 10.6% | In line | |
| ROIC | 10.5%5Y avg ≈12.0% | ≈12.0% | 7.3% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | DRS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.05Y avg ≈0.0 | ≈0.0 | 0.5 | Low debt | |
| Current Ratio (MRQ) | 1.95Y avg ≈1.7 | ≈1.7 | 2.4 | Low liquidity | |
| Quick Ratio | 0.85Y avg ≈0.6 | ≈0.6 | 1.1 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | DRS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 12.8%5Y avg ≈5.9% | ≈5.9% | · | · | |
| Revenue CAGR 3Y | 10.7%5Y avg ≈5.1% | ≈5.1% | · | · | |
| Revenue CAGR 5Y | 5.6% | · | · | · | |
| EPS YoY | 28.7%5Y avg ≈45.6% | ≈45.6% | · | · | |
| Net Income YoY | 30.5%5Y avg ≈48.6% | ≈48.6% | · | · | |
| EPS CAGR 3Y | -18.2%5Y avg ≈0.63% | ≈0.63% | · | · | |
| EPS CAGR 5Y | 20.8% | · | · | · | |
| Net Income CAGR 3Y | -11.8%5Y avg ≈8.4% | ≈8.4% | · | · | |
| Net Income CAGR 5Y | 26.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | DRS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.85Y avg ≈0.8 | ≈0.8 | 0.8 | In line | |
| Inventory Turnover | 7.85Y avg ≈8.0 | ≈8.0 | 6.3 | Top tier | |
| Receivables Turnover | 12.45Y avg ≈17.1 | ≈17.1 | 9.5 | Top tier | |
| Revenue / Employee | ≈$499.7K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$0.36
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 13, 2026 | $0.09 | USD | ≈0.81% |
| May 19, 2026 | $0.09 | USD | ≈0.84% |
| Mar 10, 2026 | $0.09 | USD | ≈0.78% |
| Nov 18, 2025 | $0.09 | USD | ≈1.1% |
| Aug 20, 2025 | $0.09 | USD | ≈0.66% |
| May 22, 2025 | $0.09 | USD | ≈0.44% |
| Mar 13, 2025 | $0.09 | USD | ≈0.29% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
15.7%
Next Report
Oct 27, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $0.35 | $0.28 | 26.8% |
| March 31, 2026 | $0.26 | $0.21 | 25.9% | |
| Dec. 31, 2025 | $0.42 | $0.37 | 12.1% | |
| Sept. 30, 2025 | $0.29 | $0.28 | 2.9% | |
| June 30, 2025 | $0.23 | $0.22 | 6.5% | |
| March 31, 2025 | $0.20 | $0.17 | 20.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.65B | $3.23B | $2.83B | $2.69B | $2.88B | $2.78B | |
| Cost of Revenue | $2.78B | $2.50B | $2.18B | $2.12B | $2.33B | $2.28B | |
| Gross Profit | $869M | $736M | $648M | $575M | $547M | $494M | |
| R&D Expense | $129M | $92M | $82M | $58M | $48M | $41M | |
| SG&A Expense | $497M | $414M | $384M | $357M | $293M | $283M | |
| Operating Income | $348M | $293M | $231M | $561M | $236M | $181M | |
| Interest Expense | · | · | $36M | $34M | $35M | $64M | |
| Other Non-op | $-4M | $-8M | $-3M | $-2M | $-1M | $-5M | |
| Pretax Income | $336M | $264M | $192M | $525M | $200M | $112M | |
| Income Tax | $58M | $51M | $24M | $120M | $46M | $27M | |
| Net Income | $278M | $213M | $168M | $405M | $154M | $85M | |
| EPS (Basic) | $1.05 | $0.81 | $0.64 | $1.88 | $0.73 | $0.40 | |
| EPS (Diluted) | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 | $0.40 | |
| Shares (Basic) | 265,900,000 | 263,700,000 | 261,500,000 | 214,900,000 | 210,000,000 | 210,000,000 | |
| Shares (Diluted) | 268,700,000 | 267,700,000 | 264,200,000 | 215,100,000 | 210,000,000 | 210,000,000 | |
| EBITDA | $441M | $384M | $316M | $626M | $294M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $647M | $598M | $467M | $306M | $240M | $61M | |
| Receivables | $334M | $253M | $151M | $166M | $156M | $102M | |
| Inventory | $352M | $358M | $329M | $319M | $205M | $247M | |
| Prepaid Expense | $26M | $27M | $21M | $20M | $23M | $33M | |
| Other Current Assets | $36M | $55M | $42M | $24M | $22M | $33M | |
| Current Assets | $2.33B | $2.16B | $1.92B | $1.71B | $1.39B | $1.26B | |
| Goodwill | $1.24B | $1.24B | $1.24B | $1.24B | $1.07B | $1.06B | |
| Intangibles | $112M | $132M | $151M | $172M | $52M | $60M | |
| Other Non-current Assets | $210M | $91M | $89M | $92M | $137M | $134M | |
| Total Assets | $4.49B | $4.18B | $3.92B | $3.68B | $3.07B | $2.96B | |
| Accounts Payable | $351M | $426M | $398M | $457M | $479M | $478M | |
| Short-term Debt | $5M | $4M | $35M | $10M | $15M | $27M | |
| Current Liabilities | $1.23B | $1.12B | $1.08B | $1.04B | $989M | $975M | |
| Capital Leases | $95M | $66M | $68M | $68M | $73M | $81M | |
| Deferred Tax | $3M | $7M | $4M | $0 | · | · | |
| Other Non-current Liabilities | $166M | $130M | $129M | $98M | $74M | $92M | |
| Long-term Debt | $348M | $366M | $407M | $396M | $393M | · | |
| Total Debt | $5M | $4M | $35M | $10M | $15M | · | |
| Common Stock | $3M | $3M | $3M | $3M | $2M | $1M | |
| Paid-in Capital | $5.08B | $5.19B | $5.17B | $5.15B | $4.63B | $4.63B | |
| Retained Earnings | $-2.31B | $-2.59B | $-2.81B | $-2.97B | $-2.98B | $-3.14B | |
| AOCI | $-41M | $-47M | $-47M | $-49M | $-58M | $-70M | |
| Stockholders' Equity | $2.73B | $2.56B | $2.33B | $2.13B | $1.59B | $1.43B | |
| Liabilities + Equity | $4.49B | $4.18B | $3.92B | $3.68B | $3.07B | $2.96B | |
| Shares Outstanding | 265,822,404 | 265,000,000 | 262,525,390 | 260,234,033 | 260,234,033 | 145,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $93M | $91M | $85M | $65M | $58M | $53M | |
| Stock-based Comp | $32M | $22M | $17M | $5M | $0 | · | |
| Deferred Tax | $28M | $23M | $-52M | $3M | $46M | $22M | |
| Amort. of Intangibles | $22M | $22M | $22M | $10M | $9M | $9M | |
| Restructuring | $2M | $8M | $11M | $3M | $5M | $12M | |
| Other Non-cash | $-65M | $-78M | $-13M | $-440M | $-80M | · | |
| Operating Cash Flow | $366M | $271M | $205M | $33M | $178M | $125M | |
| CapEx | $139M | $85M | $60M | $65M | $60M | $56M | |
| Investing Cash Flow | $-154M | $-84M | $-59M | $436M | $39M | $-70M | |
| Stock Issued | $9M | $16M | $12M | $0 | $0 | · | |
| Stock Repurchased | $35M | $0 | $0 | · | · | · | |
| Net Stock Activity | $-26M | $16M | $12M | · | · | · | |
| Dividends Paid | · | $0 | $0 | $396M | $0 | $0 | |
| Financing Cash Flow | $-163M | $-56M | $15M | $-403M | $-38M | $-80M | |
| Net Change in Cash | $49M | $131M | $161M | $66M | $179M | $-24M | |
| Taxes Paid | $24M | $71M | $45M | $89M | $16M | · | |
| Free Cash Flow | $227M | $186M | $145M | $-32M | $118M | · | |
| Levered FCF | · | · | $114M | $-58M | $91M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8% | 22.8% | 22.9% | 21.3% | 19.0% | · | |
| Operating Margin | 9.5% | 9.1% | 8.2% | 20.8% | 8.2% | · | |
| Net Margin | 7.6% | 6.6% | 5.9% | 15.0% | 5.3% | · | |
| Pretax Margin | 9.2% | 8.2% | 6.8% | 19.5% | 7.0% | · | |
| EBITDA Margin | 12.1% | 11.9% | 11.2% | 23.2% | 10.2% | · | |
| ROA | 6.4% | 5.3% | 4.4% | 12.0% | 5.1% | · | |
| ROE | 10.4% | 8.5% | 7.4% | 22.1% | 9.9% | · | |
| ROIC | 10.5% | 9.2% | 8.6% | 20.2% | 11.3% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 1.9 | 1.8 | 1.6 | 1.4 | · | |
| Quick Ratio | 0.8 | 0.8 | 0.6 | 0.5 | 0.4 | · | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | |
| Interest Coverage | · | · | 6.4 | 16.5 | 6.7 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.7 | 0.8 | 1.0 | · | |
| Inventory Turnover | 7.8 | 7.3 | 6.7 | 8.1 | 10.3 | · | |
| Receivables Turnover | 12.4 | 16.0 | 17.8 | 16.7 | 22.3 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Book Value / Share | $10.27 | $9.65 | $8.86 | $8.17 | $10.99 | · | |
| Revenue / Share | $13.58 | $12.08 | $10.70 | $12.53 | · | · | |
| Cash Flow / Share | $1.36 | $1.01 | $0.78 | $0.15 | · | · | |
| Cash / Share | $2.43 | $2.26 | $1.78 | $1.18 | $1.66 | · | |
| Dividend Paid / Share | $0.36 | · | · | · | · | · | |
| EPS (TTM) | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.8% | 14.4% | 4.9% | -6.5% | 3.6% | · | |
| Revenue CAGR 3Y | 10.7% | 4.0% | 0.57% | · | · | · | |
| Revenue CAGR 5Y | 5.6% | · | · | · | · | · | |
| EPS YoY | 28.7% | 25.0% | -66.0% | 157.5% | 82.5% | · | |
| EPS CAGR 3Y | -18.2% | 3.1% | 17.0% | · | · | · | |
| EPS CAGR 5Y | 20.8% | · | · | · | · | · | |
| Net Income YoY | 30.5% | 26.8% | -58.5% | 163.0% | 81.2% | · | |
| Net Income CAGR 3Y | -11.8% | 11.4% | 25.5% | · | · | · | |
| Net Income CAGR 5Y | 26.7% | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.65B | $3.23B | $2.83B | $2.69B | $2.88B | · | |
| Net Income TTM | $278M | $213M | $168M | $405M | $154M | · | |
| Market Cap | $9.06B | $8.56B | $5.26B | $3.33B | $1.37B | · | |
| Enterprise Value | $8.42B | $7.97B | $4.83B | $3.03B | $1.14B | · | |
| P/E | 33.1 | 40.4 | 31.3 | 6.8 | 12.9 | · | |
| P/S | 2.5 | 2.6 | 1.9 | 1.2 | 0.5 | · | |
| P/B | 3.3 | 3.3 | 2.3 | 1.6 | 0.9 | · | |
| P / Tangible Book | 6.6 | 7.2 | 5.6 | 4.6 | 2.9 | · | |
| P / Cash Flow | 24.8 | 31.6 | 25.7 | 100.8 | 7.7 | · | |
| P / FCF | 39.9 | 46.0 | 36.3 | -103.9 | 11.6 | · | |
| EV / EBITDA | 19.1 | 20.8 | 15.3 | 4.8 | 3.9 | · | |
| EV / FCF | 37.1 | 42.9 | 33.3 | -94.7 | 9.7 | · | |
| EV / Revenue | 2.3 | 2.5 | 1.7 | 1.1 | 0.4 | · | |
| Dividend Yield | · | 0.00% | 0.00% | 11.9% | 0.00% | · | |
| Earnings Yield | 3.0% | 2.5% | 3.2% | 14.7% | 7.8% | · | |
| Payout Ratio | · | 0.00% | 0.00% | 97.8% | · | · | |
| Annual Payout | · | $0 | $0 | $396M | $0 | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $913M | $846M | $1.06B | $960M | $829M | $799M | $981M | $812M | $753M | $688M | $926M | $703M | $628M | $569M | $820M | $634M | |
| Cost of Revenue | $676M | $634M | $791M | $738M | $632M | $618M | $746M | $633M | $584M | $535M | $716M | $541M | $483M | $438M | $636M | $504M | |
| Gross Profit | $237M | $212M | $269M | $222M | $197M | $181M | $235M | $179M | $169M | $153M | $210M | $162M | $145M | $131M | $184M | $130M | |
| R&D Expense | $36M | $31M | $35M | $36M | $30M | $28M | $28M | $23M | $21M | $20M | · | · | · | · | · | · | |
| SG&A Expense | $129M | $130M | $136M | $123M | $121M | $117M | $108M | $98M | $107M | $101M | $98M | $96M | $90M | $100M | $96M | $101M | |
| Operating Income | $102M | $77M | $126M | $93M | $70M | $59M | $120M | $75M | $55M | $43M | $105M | $59M | $42M | $25M | $87M | $376M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $5M | · | $10M | $9M | $8M | · | $9M | |
| Other Non-op | $-4M | · | $-1M | $-2M | $-1M | $0 | $-5M | $-1M | $-1M | $-1M | $-1M | $-1M | $0 | $-1M | $-2M | $0 | |
| Pretax Income | $100M | $77M | $124M | $87M | $67M | $58M | $111M | $69M | $47M | $37M | $95M | $48M | $33M | $16M | $78M | $367M | |
| Income Tax | $14M | $15M | $22M | $15M | $13M | $8M | $22M | $12M | $9M | $8M | $21M | $1M | $-2M | $4M | $13M | $88M | |
| Net Income | $86M | $62M | $102M | $72M | $54M | $50M | $89M | $57M | $38M | $29M | $74M | $47M | $35M | $12M | $65M | $279M | |
| EPS (Basic) | $0.33 | $0.23 | $0.39 | $0.27 | $0.20 | $0.19 | $0.34 | $0.22 | $0.14 | $0.11 | $0.27 | $0.18 | $0.14 | $0.05 | $0.26 | $1.33 | |
| EPS (Diluted) | $0.32 | $0.23 | $0.38 | $0.26 | $0.20 | $0.19 | $0.34 | $0.21 | $0.14 | $0.11 | $0.28 | $0.18 | $0.13 | $0.05 | $0.26 | $1.33 | |
| Shares (Basic) | 266,800,000 | 265,900,000 | · | 266,200,000 | 266,200,000 | 265,300,000 | · | 264,000,000 | 263,300,000 | 262,700,000 | · | 262,000,000 | 261,000,000 | 260,000,000 | · | 210,000,000 | |
| Shares (Diluted) | 268,900,000 | 268,700,000 | · | 268,400,000 | 269,000,000 | 268,800,000 | · | 268,300,000 | 267,500,000 | 266,400,000 | · | 265,000,000 | 264,000,000 | 262,000,000 | · | 210,000,000 | |
| EBITDA | $102M | $101M | · | · | $70M | $82M | · | $75M | $55M | $65M | · | $59M | $42M | $47M | · | $376M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $270M | $328M | $647M | $309M | $278M | $380M | $598M | $198M | $149M | $160M | · | $47M | $35M | $174M | · | $63M | |
| Receivables | $319M | $324M | $334M | $327M | $265M | $254M | $253M | $237M | $188M | $194M | · | $200M | $198M | $158M | · | $170M | |
| Inventory | $383M | $371M | $352M | $404M | $400M | $385M | $358M | $363M | $367M | $342M | · | $383M | $378M | $364M | · | $246M | |
| Prepaid Expense | $29M | $27M | $26M | $32M | $26M | $28M | $27M | $29M | $31M | $23M | · | $17M | $17M | $19M | · | · | |
| Other Current Assets | $37M | $31M | $36M | $40M | $40M | $41M | $55M | $36M | $33M | $47M | · | $32M | $51M | $29M | · | $39M | |
| Current Assets | $2.04B | $2.06B | $2.33B | $2.17B | $2.02B | $2.07B | $2.16B | $1.86B | $1.80B | $1.77B | · | $1.74B | $1.70B | $1.71B | · | $1.43B | |
| 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 | |
| Intangibles | $100M | $106M | $112M | $114M | $120M | $126M | $132M | $138M | $144M | $146M | · | $156M | $161M | $167M | · | $45M | |
| Other Non-current Assets | $212M | $210M | $210M | $132M | $115M | $88M | $91M | $86M | $91M | $95M | · | $95M | $98M | $92M | · | $92M | |
| Total Assets | $4.20B | $4.21B | $4.49B | $4.25B | $4.08B | $4.10B | $4.18B | $3.86B | $3.82B | $3.78B | · | $3.71B | $3.66B | $3.68B | · | $2.93B | |
| Accounts Payable | $182M | $187M | $351M | $342M | $265M | $299M | $426M | $292M | $263M | $220M | · | $328M | $290M | $258M | · | $285M | |
| Short-term Debt | $0 | $1M | $5M | $3M | $1M | $5M | $4M | $1M | $1M | $9M | · | $1M | $6M | $15M | · | $3M | |
| Current Liabilities | $1.06B | $1.10B | $1.23B | $1.08B | $958M | $1.03B | $1.12B | $880M | $896M | $902M | · | $951M | $943M | $1.02B | · | $912M | |
| Capital Leases | $88M | $91M | $95M | $93M | $92M | $63M | $66M | $66M | $70M | $74M | · | $72M | $74M | $68M | · | $61M | |
| Deferred Tax | $3M | $4M | $3M | $5M | $6M | $7M | $7M | $6M | $4M | $4M | · | $8M | $8M | $6M | · | · | |
| Other Non-current Liabilities | $156M | $160M | $166M | $156M | $155M | $127M | $130M | $122M | $126M | $129M | · | $126M | $124M | $111M | · | $75M | |
| Long-term Debt | · | · | $348M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $0 | $1M | · | · | $1M | $5M | · | $1M | $1M | $9M | · | $1M | $6M | $15M | · | $3M | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $1M | |
| Paid-in Capital | $5.01B | $5.06B | $5.08B | $5.11B | $5.13B | $5.16B | $5.19B | $5.20B | $5.19B | $5.18B | · | $5.17B | $5.16B | $5.15B | · | $4.63B | |
| Retained Earnings | $-2.17B | $-2.25B | $-2.31B | $-2.42B | $-2.49B | $-2.54B | $-2.59B | $-2.68B | $-2.74B | $-2.78B | · | $-2.88B | $-2.93B | $-2.96B | · | $-3.04B | |
| AOCI | $-43M | $-42M | $-41M | $-43M | $-42M | $-47M | $-47M | $-47M | $-47M | $-47M | · | $-47M | $-47M | $-49M | · | $-57M | |
| Stockholders' Equity | $2.80B | $2.77B | $2.73B | $2.65B | $2.60B | $2.57B | $2.56B | $2.47B | $2.41B | $2.35B | $2.33B | $2.24B | $2.19B | $2.14B | $2.13B | $1.54B | |
| Liabilities + Equity | $4.20B | $4.21B | $4.49B | $4.25B | $4.08B | $4.10B | $4.18B | $3.86B | $3.82B | $3.78B | · | $3.71B | $3.66B | $3.68B | · | $2.93B | |
| Shares Outstanding | 266,832,196 | 265,965,593 | 265,822,404 | 266,098,028 | 266,185,454 | 265,853,439 | 265,064,755 | 264,308,455 | 263,660,716 | 262,966,873 | · | · | · | · | · | 145,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $26M | $24M | $24M | $23M | $23M | $23M | $23M | $23M | $23M | $22M | $22M | $21M | $20M | $22M | $17M | $17M | |
| Stock-based Comp | $7M | $4M | $13M | $5M | $6M | $8M | $6M | $5M | $10M | $1M | $5M | $4M | $4M | $4M | · | · | |
| Deferred Tax | $0 | $0 | $28M | $-1M | $0 | $1M | $22M | $0 | $1M | $0 | $-39M | $-19M | $6M | $0 | $-7M | $-4M | |
| Amort. of Intangibles | $6M | $5M | $6M | $5M | $6M | $5M | $5M | $6M | $6M | $5M | $6M | $5M | $5M | $6M | $3M | $3M | |
| Restructuring | · | · | · | · | · | · | $3M | $0 | $1M | $4M | $1M | $2M | $8M | $0 | $3M | $0 | |
| Other Non-cash | · | $-156M | · | · | · | $-220M | · | · | · | $-317M | · | · | · | $-368M | · | · | |
| Operating Cash Flow | $35M | $-66M | $425M | $107M | $-28M | $-138M | $443M | $59M | $34M | $-265M | $515M | $36M | $-12M | $-334M | $279M | $-4M | |
| CapEx | $29M | $30M | $49M | $30M | $28M | $32M | $29M | $12M | $34M | $10M | $18M | $15M | $12M | $15M | $30M | $13M | |
| Investing Cash Flow | $-29M | $-29M | $-49M | $-45M | $-28M | $-32M | $-29M | $-11M | $-34M | $-10M | $-17M | $-16M | $-12M | $-14M | $-12M | $470M | |
| Stock Issued | $2M | $3M | $0 | $6M | $3M | $0 | $3M | $6M | $5M | $2M | $4M | $2M | $5M | $1M | $0 | $0 | |
| Stock Repurchased | $12M | $4M | $11M | $10M | $11M | $3M | $0 | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | $-1M | · | · | · | $-3M | · | · | · | $2M | · | · | · | $1M | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | |
| Financing Cash Flow | $-64M | $-224M | $-38M | $-31M | $-46M | $-48M | $-14M | $1M | $-11M | $-32M | $-78M | $-8M | $-115M | $216M | $-24M | $-472M | |
| Net Change in Cash | $-58M | $-319M | $338M | $31M | $-102M | $-218M | $400M | $49M | $-11M | $-307M | $420M | $12M | $-139M | $-132M | $243M | $-6M | |
| Free Cash Flow | · | $-96M | · | · | · | $-170M | · | · | · | $-275M | · | · | · | $-349M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-279M | · | · | · | $-355M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.0% | 25.1% | · | · | 23.8% | 22.7% | · | 22.0% | 22.4% | 22.2% | · | 23.0% | 23.1% | 23.0% | · | 20.5% | |
| Operating Margin | 11.2% | 9.1% | · | · | 8.4% | 7.4% | · | 9.2% | 7.3% | 6.2% | · | 8.4% | 6.7% | 4.4% | · | 59.3% | |
| Net Margin | 9.4% | 7.3% | · | · | 6.5% | 6.3% | · | 7.0% | 5.1% | 4.2% | · | 6.7% | 5.6% | 2.1% | · | 44.0% | |
| Pretax Margin | 10.9% | 9.1% | · | · | 8.1% | 7.3% | · | 8.5% | 6.2% | 5.4% | · | 6.8% | 5.2% | 2.8% | · | 57.9% | |
| EBITDA Margin | 11.2% | 11.9% | · | · | 8.4% | 10.3% | · | 9.2% | 7.3% | 9.4% | · | 8.4% | 6.7% | 8.3% | · | 59.3% | |
| ROA | 2.1% | 1.5% | · | · | 1.4% | 1.3% | · | 1.5% | 1.0% | 0.78% | · | 1.4% | 1.0% | 0.36% | · | 9.6% | |
| ROE | 3.2% | 2.3% | · | · | 2.2% | 2.0% | · | 2.4% | 1.7% | 1.3% | · | 2.5% | 1.8% | 0.64% | · | 18.2% | |
| ROIC | 3.1% | 2.2% | · | · | 2.2% | 2.0% | · | 2.5% | 1.8% | 1.4% | · | 2.6% | 2.0% | 0.87% | · | 18.6% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 1.9 | · | · | 2.1 | 2.0 | · | 2.1 | 2.0 | 2.0 | · | 1.8 | 1.8 | 1.7 | · | 1.6 | |
| Quick Ratio | 0.6 | 0.6 | · | · | 0.6 | 0.6 | · | 0.5 | 0.4 | 0.4 | · | 0.3 | 0.2 | 0.3 | · | 0.3 | |
| Debt / Equity | 0.0 | 0.0 | · | · | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 8.6 | · | 5.9 | 4.7 | 3.1 | · | 41.8 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | · | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.7 | 1.7 | · | · | 1.6 | 1.7 | · | 1.7 | 1.6 | 1.5 | · | 1.7 | 1.5 | 1.5 | · | 2.2 | |
| Receivables Turnover | 3.1 | 2.9 | · | · | 3.7 | 3.6 | · | 3.7 | 3.9 | 3.9 | · | 3.8 | 3.9 | 4.0 | · | 4.8 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $10.50 | $10.41 | · | · | $9.77 | $9.67 | · | $9.36 | $9.13 | $8.96 | · | · | · | · | · | $10.61 | |
| Revenue / Share | $3.40 | $3.15 | · | · | $3.08 | $2.97 | · | $3.03 | $2.82 | $2.59 | · | $2.65 | $2.38 | $2.17 | · | · | |
| Cash Flow / Share | · | $-0.25 | · | · | · | $-0.51 | · | · | · | $-1.00 | · | · | · | $-1.27 | · | · | |
| Cash / Share | $1.01 | $1.23 | · | · | $1.04 | $1.43 | · | $0.75 | $0.57 | $0.61 | · | · | · | · | · | $0.43 | |
| Dividend / Share | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | · | · | · | · | · | · | · | · | · | · | |
| Dividend Paid / Share | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | · | · | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $1.19 | $1.07 | · | $0.86 | $0.94 | $0.88 | · | $0.74 | $0.71 | $0.70 | · | $0.62 | $1.77 | $1.76 | · | $1.69 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.78B | $3.69B | · | $3.40B | $3.42B | $3.35B | · | $3.18B | $3.07B | $2.94B | · | $2.72B | $2.65B | $2.65B | · | $2.69B | |
| Net Income TTM | $322M | $290M | · | $233M | $250M | $234M | · | $198M | $188M | $185M | · | $159M | $391M | $381M | · | $398M | |
| Market Cap | $11.39B | $11.84B | · | · | $12.37B | $8.74B | · | $7.46B | $6.73B | $5.81B | · | · | · | · | · | $1.40B | |
| Enterprise Value | $11.12B | $11.51B | · | · | $12.10B | $8.37B | · | $7.26B | $6.58B | $5.66B | · | · | · | · | · | $1.34B | |
| P/E | 35.9 | 41.6 | · | 52.8 | 49.4 | 37.4 | · | 38.1 | 35.9 | 31.6 | · | 26.9 | 9.8 | 7.4 | · | 5.7 | |
| P/S | 3.0 | 3.2 | · | · | 3.6 | 2.6 | · | 2.3 | 2.2 | 2.0 | · | · | · | · | · | 0.5 | |
| P/B | 4.1 | 4.3 | · | · | 4.8 | 3.4 | · | 3.0 | 2.8 | 2.5 | · | · | · | · | · | 0.9 | |
| P / Tangible Book | 7.8 | 8.3 | · | 9.3 | 10.0 | 7.2 | · | 6.8 | 6.6 | 6.0 | · | · | · | · | · | 2.6 | |
| P / Cash Flow | · | -179.4 | · | · | · | -63.3 | · | · | · | -21.9 | · | · | · | · | · | · | |
| EV / Revenue | 2.9 | 3.1 | · | · | 3.5 | 2.5 | · | 2.3 | 2.1 | 1.9 | · | · | · | · | · | 0.5 | |
| Earnings Yield | 2.8% | 2.4% | · | 1.9% | 2.0% | 2.7% | · | 2.6% | 2.8% | 3.2% | · | 3.7% | 10.2% | 13.6% | · | 17.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $3.65B | $3.23B | $2.83B | $2.69B | $2.88B |
| Gross Margin % | 23.8% | 22.8% | 22.9% | 21.3% | 19.0% |
| Operating Margin % | 9.5% | 9.1% | 8.2% | 20.8% | 8.2% |
| Net Income | $278M | $213M | $168M | $405M | $154M |
| Diluted EPS | $1.03 | $0.80 | $0.64 | $1.88 | $0.73 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Ratio | 1.9 | 1.9 | 1.8 | 1.6 | 1.4 |
| Quick Ratio | 0.8 | 0.8 | 0.6 | 0.5 | 0.4 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $227M | $186M | $145M | $-32M | $118M |
Institutional owners (13F) 407 filers · $3.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
407
Value held
$3.1B
New positions
84
Exited positions
45
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 84 (-2 vs prior Q) | 45 (+4 vs prior Q) | 152 (+30 vs prior Q) | 102 (+5 vs prior Q) | +4.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $263,091,314 | 7,717,551 | 8.49% | Shares |
| BlackRock, Inc. | $212,883,165 | 4,989,059 | 6.87% | Shares |
| STATE STREET CORP | $192,615,282 | 4,514,068 | 6.22% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $187,870,709 | 4,430,913 | 6.06% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $153,827,142 | 3,605,042 | 4.96% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $152,316,283 | 3,569,634 | 4.92% | Shares |
| FMR LLC | $148,068,017 | 3,470,073 | 4.78% | Shares |
| FIRST TRUST ADVISORS LP | $114,433,526 | 2,681,836 | 3.69% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $107,496,530 | 2,519,252 | 3.47% | Shares |
| Stephens Investment Management Group LLC | $102,489,116 | 2,401,901 | 3.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $88,558,074 | 2,076,065 | 2.86% | Shares |
| Invesco Ltd. | $82,387,706 | 1,930,811 | 2.66% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $71,200,000 | 1,668,631 | 2.30% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $66,364,138 | 1,554,923 | 2.14% | Shares |
| VAN ECK ASSOCIATES CORP | $65,542,144 | 1,536,024 | 2.12% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $50,611,038 | 1,126,442 | 1.63% | Shares |
| MILLENNIUM MANAGEMENT LLC | $50,515,136 | 1,183,856 | 1.63% | Shares |
| Capital International Investors | $48,053,930 | 1,126,176 | 1.55% | Shares |
| NORGES BANK | $42,342,166 | 992,317 | 1.37% | Shares |
| FEDERATED HERMES, INC. | $39,616,620 | 928,442 | 1.28% | Shares |
| GOLDMAN SACHS GROUP INC | $32,982,040 | 772,956 | 1.06% | Shares |
| MORGAN STANLEY | $31,796,318 | 745,167 | 1.03% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $26,817,498 | 628,486 | 0.87% | Shares |
| BANK OF AMERICA CORP /DE/ | $24,941,383 | 584,518 | 0.80% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $24,857,409 | 582,550 | 0.80% | Shares |
| Nuveen, LLC | $23,464,703 | 549,911 | 0.76% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $22,317,476 | 523,025 | 0.72% | Shares |
| Munro Partners | $21,615,342 | 506,570 | 0.70% | Shares |
| Bank of New York Mellon Corp | $21,437,374 | 502,399 | 0.69% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $21,093,658 | 494,344 | 0.68% | Shares |
| LOOMIS SAYLES & CO L P | $19,156,867 | 448,954 | 0.62% | Shares |
| Cubist Systematic Strategies, LLC | $18,703,817 | 411,979 | 0.60% | Shares |
| NORTHERN TRUST CORP | $15,602,968 | 365,666 | 0.50% | Shares |
| FRANKLIN RESOURCES INC | $15,576,640 | 365,049 | 0.50% | Shares |
| D. E. Shaw & Co., Inc. | $15,455,202 | 362,203 | 0.50% | Shares |
| Qube Research & Technologies Ltd | $15,145,375 | 354,942 | 0.49% | Shares |
| Clearbridge Investments, LLC | $14,516,480 | 340,203 | 0.47% | Shares |
| UBS Group AG | $14,376,376 | 336,920 | 0.46% | Shares |
| ROYCE & ASSOCIATES LP | $13,765,811 | 322,611 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $13,528,353 | 317,046 | 0.44% | Shares |
| SEI INVESTMENTS CO | $10,840,060 | 254,045 | 0.35% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $10,676,674 | 250,215 | 0.34% | Shares |
| PEAK6 LLC | $10,667,500 | 250,000 | 0.34% | Call option |
| HERALD INVESTMENT MANAGEMENT Ltd | $9,370,455 | 219,500 | 0.30% | Shares |
| STIFEL FINANCIAL CORP | $9,173,245 | 214,981 | 0.30% | Shares |
| IEQ CAPITAL, LLC | $8,704,679 | 204,000 | 0.28% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $8,463,788 | 190,112 | 0.27% | Shares |
| Russell Investments Group, Ltd. | $8,089,393 | 189,580 | 0.26% | Shares |
| Mariner, LLC | $7,678,254 | 179,974 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $7,523,531 | 176,319 | 0.24% | Shares |
Company insiders 17 insiders · 7 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John Baylouny | President and CEO | June 18, 2026 S | 122,435 | 0 | 2 | $-2,036,166 |
| William Lynn III | Chief Executive Officer | Dec. 10, 2025 G | 312,382 | 0 | 0 | $0 |
| Michael Dippold | EVP and CFO | Sept. 2, 2026 S | 35,143 | 0 | 6 | $-2,772,524 |
| Sally Wallace | EVP, Chief Operating Officer | June 11, 2026 S | 57,053 | 0 | 3 | $-1,453,017 |
| Mark Dorfman | EVP, GC and Secretary | Sept. 4, 2026 S | 29,271 | 0 | 6 | $-1,608,255 |
| Jason Rinsky | EVP Chief Tax and Treasury | Aug. 4, 2026 S | 23,581 | 0 | 3 | $-533,518 |
| Pamela Morrow | SVP and Controller | May 27, 2026 S | 10,551 | 0 | 2 | $-1,063,426 |
| Frances F Townsend | Director | Sept. 30, 2026 M | 36,894 | 0 | 0 | $0 |
| Kenneth J Krieg | Director | Sept. 9, 2026 G | 27,576 | 0 | 0 | $0 |
| Louis R Brothers Jr | Director | June 4, 2026 M | 24,316 | 0 | 0 | $0 |
| Gail Baker | Director | June 4, 2026 M | 33,876 | 0 | 0 | $0 |
| George Casey | Director | June 4, 2026 M | 32,376 | 0 | 1 | $-67,710 |
| Eric Salzman | Director | June 4, 2026 M | 15,376 | 0 | 0 | $0 |
| Reuben Jeffery III | Director | June 4, 2026 M | 25,649 | 1 | 0 | $1,069,250 |
| Mary E Gallagher | Director | June 4, 2026 M | 33,876 | 0 | 0 | $0 |
| David W Carey | Director | June 13, 2025 S | 23,882 | 0 | 0 | $0 |
| Peter Marino | Director | Nov. 29, 2022 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 45 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| OSCV · ETF Series Solutions | 1.06% | 161,748 NS | July 31, 2026 | N-PORT |
| PPA · Invesco Exchange-Traded Fund Trust | 0.73% | 1,474,178 SH | Oct. 2, 2026 | Daily |
| ITA · iShares Trust | 0.22% | 772,932 SH | Sept. 11, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 0.17% | 13,804 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.13% | 420,239 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.11% | 82,224 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.09% | 1,058,543 SH | Aug. 19, 2026 | Daily |
| ISCG · iShares Trust | 0.09% | 23,337 SH | Sept. 11, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.08% | 24,139 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 56,596 SH | Oct. 2, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 32,365 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.07% | 633 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.05% | 26,143 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.05% | 97,015 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.05% | 6,880 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.04% | 9,676 SH | Oct. 2, 2026 | Daily |
| MADE · iShares Trust | 0.04% | 659 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 888,163 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 1,836,610 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.04% | 40,081 SH | Sept. 11, 2026 | Daily |
| IYJ · iShares Trust | 0.03% | 18,083 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 348,131 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.03% | 110,302 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 5,013 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.03% | 112,250 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.02% | 16,678 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 11,127 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.02% | 316,045 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.02% | 48,694 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 45,647 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 12,664 SH | Oct. 2, 2026 | Daily |
| IWD · iShares Trust | 0.01% | 167,693 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.01% | 25,583 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 2,268 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.00% | 3,294 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.00% | 52,462 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 100,292 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 20,068 SH | Sept. 3, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.00% | 513 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,538,727 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 61,800 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 12,458 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 6,464 SH | Aug. 19, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.04% | -20,291 NS | July 31, 2026 | N-PORT |
| ISCB · iShares Trust | · | 3,273 SH | Sept. 11, 2026 | Daily |
DRS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 15 analysts
BUY
Median target
$55.00
+49.5%
5 33.3%
Strong Buy
7 46.7%
Buy
3 20.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
11 analysts · 2026-10-04Mean target $53.82 +46.2%
← Below all targets
Current price $36.80
Low$47.00
Mean$53.82
High$59.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DRS | $9.06B | 33.1 | 12.8% | 7.6% | 10.4% | 23.8% |
| TXT | $15.17B | 17.0 | 8.0% | 6.2% | 12.0% | · |
| BWXT | · | 48.3 | 18.3% | 10.3% | 28.4% | · |
| HII | $13.34B | 22.1 | 8.2% | 4.9% | 12.2% | · |
| KTOS | $13.12B | 597.7 | 18.5% | 1.6% | 1.1% | 22.9% |
| AVAV | $9.87B | -36.1 | 140.9% | -13.4% | -6.0% | 25.3% |
| SARO | $9.59B | 34.6 | 15.8% | 4.6% | 10.7% | · |
| HXL | $5.59B | 194.5 | -0.48% | 5.8% | 7.8% | 23.0% |
| LOAR | $6.37B | 90.7 | 23.2% | 14.5% | 6.4% | 52.7% |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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Source: SEC 10-Q filed Jul 30, 2026