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Makes counter-drone detection and jamming technology used by militaries and security agencies worldwide.
Makes counter-drone detection and jamming technology used by militaries and security agencies worldwide.
Revenue arrives in lumps as defence and security agencies place large orders, with software licences and support adding a recurring layer on the units already deployed. Contract timing therefore moves results more than steady monthly sales.
In one line: A small, pure-play Australian counter-drone tech maker.
Moat: narrow (IP / patents, process know-how). Specialized RF detection/jamming technology and defense customer qualifications are hard to replicate quickly.
Headquarters: Sydney, Australia · Founded: 2014 · Employees: 500
Size DroneShield (DRO.AX) is an Australia Industrials company (Aerospace & Defense) with a market value of $818M, the 202nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.27 on 6 Nov 2026.
Performance Over six months the shares fell 60.4%, against -28.3% for the median peer and +4.1% for the Australia market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 153.4% over the last twelve months (peer median +4.7%); the operating margin is -14.1% (peer median 6.5%).
Valuation It trades at 3.8× enterprise value to sales against a peer median of 5.1× (7th cheapest of 20).
Capital Return on invested capital runs 30.5 points below its cost of capital (12.4% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$270M | A$217M | A$57.5M | A$54.1M | A$16.8M |
| Revenue growth | — | +276% | +6% | +222% | — |
| Gross profit | A$70.3M | A$108M | A$41.2M | A$39.0M | A$11.8M |
| EBITDA | -A$22.2M | A$6.54M | -A$9.88M | A$4.11M | -A$2.36M |
| Net income | -A$30.8M | A$3.52M | -A$1.32M | A$9.33M | -A$949,301 |
| Free cash flow | A$4.96M | A$9.24M | -A$64.4M | A$8.69M | -A$2.58M |
| Capital expenditure | A$40.1M | A$30.8M | A$13.0M | A$1.73M | A$832,175 |
| Total debt | n/a | A$14.3M | A$9.11M | A$2.63M | A$596,097 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| DroneShield DRO.AX | $818M | -60% | +153% | -14% | 3.8× | n/a |
| Electro Optic Systems EOS.AX | $1.08B | -18% | +225% | -7% | 5.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DRO.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.3% | -3.3% | 2nd lowest of 20 |
| 6-month return | -60.4% | -28.3% | 2nd lowest of 20 |
| Distance from 52-week high | -73.5% | -47.7% | 2nd lowest of 20 |
| Revenue growth (TTM) | +153.4% | +4.7% | highest of 20 |
| Operating margin | -14.1% | 6.5% | 4th lowest of 20 |
| EV / Sales | 3.8× | 5.1× | 7th cheapest of 20 |
| ROIC minus cost of capital | -30.5 pp | -5.0 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | 3.8× | n/a | n/a |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | 1.3× | n/a | n/a |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 5.1× | 36.9% | -1.1% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 1.9× | n/a | n/a |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | 12.9× | 38.8% | +12.9% |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 7.5× | 41.9% | +18.2% |
| Tonbo Imaging India TONBO.NS | India | $895M | n/a | -23% | 21% | 23.5× | n/a | n/a |
| Kraken Robotics PNG.V | Canada | $896M | -53% | +21% | -2% | 7.4× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | 4.4× | 21.1% | +17.7% |
| Xi'an ChenXi Aviation Technology 300581.SZ | China | $906M | -13% | 0% | -78% | 49.0× | n/a | n/a |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 10.8× | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | 0.5× | -5.6% | +6.4% |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 3.1× | 16.3% | +7.4% |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 8.0× | n/a | n/a |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 2.3× | n/a | n/a |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 4.1× | 38.0% | +47.5% |
| Sun-Create Electronics 600990.SS | China | $669M | -28% | -13% | -30% | 4.6× | 35.7% | -15.1% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | 1.9× | 8.3% | +7.4% |
| Eve EVEX | United States | $645M | -43% | n/a | n/a | n/a | n/a | n/a |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 17.7× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 8.6× | n/a | n/a |