Leonardo DRS vs Woodward
Leonardo DRS and Woodward are similar in size: $3.65bn and $3.57bn of revenue in their latest fiscal years. Leonardo DRS grew faster (12.8% against 7.3%). Woodward kept more of each dollar of sales as profit: a net margin of 12.4% against 7.6%. Leonardo DRS carries less debt relative to equity (12.9% against 27.4%).
| Latest fiscal year | Leonardo DRSDRS, 2025 | WoodwardWWD, 2025 |
|---|---|---|
| Revenue | $3.65bn | $3.57bn |
| Revenue growth | 12.8% | 7.3% |
| Net income | $278m | $442m |
| Operating margin | 9.5% | — |
| Net margin | 7.6% | 12.4% |
| Return on equity | 10.5% | 18.6% |
| Free cash flow | $227m | $340m |
| Cash | $647m | $327m |
| Total debt | $353m | $702m |
| Debt to equity | 12.9% | 27.4% |
| Dividend per share | — | $1.09 |
| Dividend yield | — | 0.4% |
| Share buybacks | $35.0m | $173m |
| Employees | 6,400 | — |
| Market value | $10.38bn | $20.30bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 48 (Moderate) | 68 (Moderate) |
| Insider trades, 12 months | 1 buys, 22 sales | 0 buys, 73 sales |