Leidos Holdings, Inc.
LDOS Technology Information Technology Services
Leidos Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 3.07% from fiscal 2024. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
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Leidos Holdings, Inc. (LDOS) Altman Z-score
Leidos Holdings, Inc.'s Altman Z-score for fiscal 2025 is 4.07, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.07 | 0.53 |
| FY2024 | 3.54 | 0.75 |
| FY2023 | 2.79 | 0.20 |
| FY2022 | 2.59 | 0.19 |
| FY2021 | 2.40 | (0.07) |
| FY2020 | 2.47 | (0.64) |
| FY2019 | 3.11 | 0.63 |
| FY2018 | 2.49 | 0.04 |
| FY2017 | 2.45 | 0.98 |
| FY2016 | 1.47 | (1.47) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.15 | — | 0.18 | |
| Retained earnings / total assets | 0.34 | — | 0.48 | |
| EBIT / total assets | 0.16 | — | 0.52 | |
| Market value of equity / total liabilities | 2.71 | — | 1.62 | |
| Sales / total assets | 1.27 | — | 1.27 | |
| Altman Z-score | Safe zone | 4.07 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.75 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| JKHY Jack Henry & Associates, Inc. compare | 8.6× |
| WIT Wipro Limited compare | 4.4× |
| LDOS Leidos Holdings, Inc. | 4.1× |
| IT Gartner, Inc. compare | 3.9× |
| BR Broadridge Financial Solutions, Inc. compare | 3.6× |
| CACI CACI International, Inc. compare | 2.6× |
| CDW CDW Corporation compare | 2.5× |
| FISV Fiserv, Inc. compare | 1.4× |
| FIS Fidelity National Information Services, Inc. compare | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on LDOS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement