Pricing Log in Create free account
Saturday 17 October 2026 Export LDOS’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 7.17%, EPS fell 7.26%, free cash flow grew 67.4% and total debt rose 18.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

124.99 0.99 +0.80%
Market cap
$15.6B
P/E
11.5×
Fwd P/E
11.1×
Dividend yield
1.38%
F-score
7/9
Altman Z
4.07
Beneish M
−2.59
Dividend safety
86/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 3.18
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 1 — — 1 1 — — 1 1 —
Insider Ownership 1.15%

Capital & Financial Ratios $m

Market Cap 15,560.00
Revenue 17,634.00
Net Income 1,395.00
Free Cash Flow 2,167.00
Net Debt 5,283.00
Current Ratio 1.63 (at or above 1.5: strong)
Debt/Equity 1.13
P/E ratio 11.52
Fwd P/E 11.10
P/S ratio 0.89
P/B ratio 2.95
Past 5Y EPS Growth 20.64% (at or above 15%: strong)
This Y EPS Growth 3.29%
Next Y EPS Growth 0.18%
Next Y revenue growth 6.68%
Next 5Y EPS Growth 4.24%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 1.3×; over the ten years it ranged from 0.7× in 2016 to 1.7× in 2024.
P/E against its own 10 years 4.42%
10-year low 10-year high
P/S against its own 10 years 21.45%
10-year low 10-year high
P/B against its own 10 years 29.75%
10-year low 10-year high
EV/Sales against its own 10 years 21.89%
10-year low 10-year high
EV/FCF against its own 10 years 7.00%
10-year low 10-year high

Dividends

Payout Ratio 0.16
Annual Dividend Rate 1.72
Annual Dividend Yield 1.38%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.75
0.43
0.43
0.43
2025 1.63
0.40
0.40
0.40
0.43
2024 1.54
0.38
0.38
0.38
0.40
2023 1.46
0.36
0.36
0.36
0.38
2022 1.44
0.36
0.36
0.36
0.36
2021 1.40
0.34
0.34
0.36
0.36
2020 1.36
0.34
0.34
0.34
0.34
2019 1.32
0.32
0.32
0.34
0.34
2018 1.28
0.32
0.32
0.32
0.32
2017 1.28
0.32
0.32
0.32
0.32
2016 1.28
0.32
0.32
13.64
0.32
0.32
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 777 849 1,108 748
Receivables 2,429 2,645 2,708 2,968
Inventory 310 315 342 94
Other 489 525 656 1,436
4,005 4,334 4,814 5,246
2023 2024 2025 Q'26
Payables 2,277 2,131 1,988 2,180
ST’ Debt 18 618 20 22
Other — — — 163
2,990 3,560 2,827 3,220

Compound Annual Growth %

10y 5y 3y
Sales 13.81% 6.91% 6.06%
Cash Flow 15.93% 5.58% 20.83%
Earnings 19.59% 18.18% 28.34%
Book Value 16.60% 5.09% 4.46%

Revenue $m

Mar Jun Sep Dec Year
’26 4,400 4,558 — — —
’25 4,245 4,253 4,469 4,207 17,174
’24 3,975 4,132 4,190 4,365 16,662
’23 3,699 3,838 3,921 3,980 15,438
’22 3,494 3,597 3,608 3,697 14,396
’21 3,315 3,448 3,483 3,491 13,737
’20 2,889 2,914 3,242 3,252 12,297
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 301 793 — — —
’25 58 486 711 495 1,750
’24 113 381 647 294 1,435
’23 (98) 164 795 326 1,187
’22 93 45 729 125 992
’21 239 17 565 212 1,033
’20 372 422 592 (52) 1,334
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 270 765 — — —
’25 36 457 680 452 1,625
’24 96 360 622 208 1,286
’23 (137) 124 745 248 980
’22 65 30 702 72 869
’21 213 (4) 541 179 929
’20 328 376 572 (113) 1,163
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.56 2.81 — — —
’25 2.77 3.01 2.82 2.53 11.14
’24 2.07 2.37 2.68 2.12 9.22
’23 1.17 1.50 (2.91) 1.66 1.44
’22 1.25 1.24 1.17 1.28 4.96
’21 1.42 1.18 1.43 1.23 5.27
’20 0.80 1.06 1.13 1.37 4.36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 37.79 47.81 50.33 50.66 68.00 82.75 81.07 76.58 106.38 123.62

Analyst estimates 2026–2028

Powerpack
High 59.45 65.70 72.30 98.76 125.84 113.75 111.12 111.39 202.90 205.77
People
People Employees 32,000 31,000 32,000 34,000 39,000 43,000 45,000 47,000 48,000 47,000
Revenue/emp, $m 0.22 0.33 0.32 0.33 0.32 0.32 0.32 0.33 0.35 0.37
Income, $m
Income, $m Revenue 7,043 10,170 10,194 11,094 12,297 13,737 14,396 15,438 16,662 17,174
Gross margin, % 13.35 14.08 14.75 13.95 14.13 14.66 14.48 14.54 16.79 18.04
EBT 318 393 610 866 781 967 886 403 1,639 1,909
EBT margin, % 4.52 3.86 5.98 7.81 6.35 7.04 6.15 2.61 9.84 11.12
Net income 246 364 582 670 629 759 693 208 1,251 1,462
Depreciation 122 350 257 234 282 325 333 927 290 290
Per share, $
Per share, $ Revenue 69.05 66.91 67.51 77.58 86.60 97.43 105.08 112.69 124.34 134.17
Earnings 2.39 2.41 3.85 4.66 4.42 5.34 5.00 1.45 9.36 11.31
Cash flow 4.40 3.46 5.09 6.94 9.39 7.33 7.24 8.66 10.71 13.67
Capex (0.25) (0.48) (0.48) (0.17) (1.20) (0.74) (0.90) (1.51) (1.11) (0.98)
Free cash flow 4.15 2.98 4.60 6.76 8.19 6.59 6.34 7.15 9.60 12.70
Book value 30.85 22.26 21.93 23.90 27.26 30.81 31.77 31.08 33.28 38.77
Shares, m 102 152 151 143 142 141 137 137 134 128
Valuation, ×
Valuation, × P/E 20.88 26.45 13.66 21.10 23.73 16.68 21.03 74.48 15.42 16.02
P/S 0.74 0.96 0.78 1.26 1.21 0.91 1.00 0.96 1.16 1.34
P/B 1.65 2.88 2.40 4.10 3.86 2.89 3.30 3.47 4.33 4.65
EV/Sales 1.15 1.22 1.06 1.47 1.56 1.23 1.30 1.21 1.39 1.55
EV/FCF 19.17 27.48 15.48 16.87 16.46 18.17 21.58 19.08 17.98 16.39
Cash, $m
Cash, $m Operating cash flow 449 526 768 992 1,334 1,033 992 1,187 1,435 1,750
Capex (26) (73) (73) (25) (171) (104) (123) (207) (149) (125)
Free cash flow 423 453 695 967 1,163 929 869 980 1,286 1,625
Balance, $m
Balance, $m Working capital 365 472 780 479 432 390 (304) 1,015 774 1,987
Total debt 3,287 3,111 3,124 2,986 4,744 5,076 4,920 4,682 4,670 4,648
Net debt 2,911 2,721 2,797 2,318 4,220 4,349 4,404 3,905 3,821 3,540
Shareholders’ equity 3,147 3,383 3,311 3,417 3,871 4,344 4,353 4,258 4,460 4,962
Returns, %
Returns, % ROA 3.90 4.04 6.54 7.36 5.74 5.84 5.20 1.54 9.76 10.93
ROIC 4.30 5.72 7.66 9.94 7.71 8.28 7.77 4.75 13.79 15.50
ROE 11.58 11.21 17.36 19.83 17.23 18.33 15.75 4.62 28.77 30.74
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Leidos Holdings, Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FISV Fiserv, Inc. $25.1B 9.1× 9.5× −4.06% (below 0%: shrinking) −37.10% (below 0%: shrinking) −16.95% (below 0%: shrinking) 19.07% 19.18% Compare
BR Broadridge Financial Solutions, Inc. $19.7B 18.0× 16.9× +7.49% (above 0%: growing) +8.46% (above 0%: growing) −3.21% (below 0%: shrinking) 38.43% 24.61% Compare
CDW CDW Corporation $19.3B 18.0× 14.9× +9.97% (above 0%: growing) +4.85% (above 0%: growing) −161.92% (below 0%: shrinking) 20.08% 6.52% Compare
FIS Fidelity National Information Services, Inc. $18.6B 5.5× 6.1× +29.09% (above 0%: growing) n/m +45.12% (above 0%: growing) 34.76% 15.01% Compare
WIT Wipro Limited $18.5B 16.3× — +0.15% (above 0%: growing) −25.00% (below 0%: shrinking) −30.13% (below 0%: shrinking) 28.54% 16.01% Compare
LDOS Leidos Holdings, Inc. $15.6B 11.5× 11.1× +7.17% (above 0%: growing) −7.26% (below 0%: shrinking) +67.40% (above 0%: growing) 17.92% 11.28%
CACI CACI International, Inc. $13.5B 25.3× 22.9× +17.57% (above 0%: growing) −1.25% (below 0%: shrinking) +158.94% (above 0%: growing) 33.72% 10.05% Compare
IT Gartner, Inc. $13.1B 18.4× 12.8× −0.62% (below 0%: shrinking) +32.69% (above 0%: growing) +8.94% (above 0%: growing) 70.95% 22.59% Compare
JKHY Jack Henry & Associates, Inc. $11.0B 22.0× 18.0× +4.66% (above 0%: growing) −10.29% (below 0%: shrinking) −9.65% (below 0%: shrinking) 42.52% 21.24% Compare
Median of peers $18.6B 18.0× 14.9× +6.08% −1.25% −6.43% 34.24% 17.60%

All 73 Information Technology Services stocks →

LDOS metrics, ten years each

Leidos Holdings, Inc. (LDOS) key facts

  • Strength: Leidos Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 3.07% from fiscal 2024.
  • Strength: Net income was $1.5 billion, or $11.31 per share (basic), a net margin of 8.43%.
  • Leidos Holdings, Inc. (LDOS) is an Information Technology Services company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, LDOS traded at $124.99, a market capitalization of $15.6 billion.
  • At that price the stock trades at 11.5× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 4% of its own readings over the past ten years.
  • Leidos Holdings, Inc. pays an annual dividend of $1.72 per share, a yield of 1.38%, with a payout ratio of 16.0%.
  • Return on equity was 30.7% and debt-to-equity 1.13.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.07 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Leidos Holdings, Inc. (LDOS) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/LDOS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com