Leonardo DRS vs Moog
Moog reported revenue of $3.9 billion in fiscal 2025, about the same as Leonardo DRS's $3.6 billion in fiscal 2025. Leonardo DRS's revenue grew 12.8% in its latest year, and Moog's grew 7.0%. Leonardo DRS had an operating margin of 9.5%, against 11.7% at Moog. Free cash flow was $227 million at Leonardo DRS and $128 million at Moog. Their fiscal years end in different months (December 31 and September 27), so the periods don't line up exactly.
Side by side
| Leonardo DRS | Moog | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 27, 2025 |
| Revenue | $3.6B | $3.9B |
| Revenue growth | 12.8% | 7.0% |
| Revenue growth a year, last 5 years | 5.6% | 6.0% |
| Gross margin | 23.8% | 27.4% |
| Operating margin | 9.5% | 11.7% |
| Net margin | 7.6% | 6.1% |
| Free cash flow | $227M | $128M |
| Free cash flow margin | 6.2% | 3.3% |
| Return on capital | 11.6% | 11.7% |
| Net debt to EBITDA | −0.4x | 1.8x |
| Dividends and buybacks | $35M | $179M |
| Change in diluted share count | 0.4% | −0.9% |
| Last close | $35.84 | $358.27 |
| P/E at the last close | 30.1× | 30.5× |
| Insider trades, last 12 months | bought $1.1 million, sold $9.2 million | sold $5.7 million |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Leonardo DRSMoog
Operating margin
Percent of revenue
Leonardo DRSMoog
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Leonardo DRSMoog
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Leonardo DRS and Moog pages.