Leidos Holdings, Inc. (LDOS)

Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions for government and commercial customers in the United States and internationally. The National Security & Digital segment provides national security software; services by using artificial intelligence and machine learning to coordinate sea, ground, air, and space to help warfighters; offensive, defensive, and physical cyber operation solutions; intelligence analysis, operational support, logistics operations, security, linguistics, force production, biometrics, chemical, biological, radiological, nuclear, and explosives, energetics, training, and other services; and Digital Modernization and transformation services. The Health & Civil segment offers air traffic control systems; health mission software; managed health services; infrastructure management and operation; logistical operations and information technology support; and life science research and development support services. The Commercial & International segment provides power grid engineering and design, grid modernization, utility planning and consulting, energy management and efficiency, technology-driven innovation, and software and application development; people scanners, computed tomography carry-on baggage scanners, checked baggage scanners, and explosive trace detectors; mobile, non-intrusive ports and borders inspection systems; and open-architecture platform that transforms airport security by integrating disparate devices and technologies into a unified management system. The Defense Systems segment offers air and missile defense, maritime, aerospace, and cyber and threat systems; offers airborne training, intelligence, surveillance, and reconnaissance missions; and provides space-based electro-optic infrared systems, multi/hyperspectral, electronic warfare and signals intelligence, and communications payloads. Leidos Holdings, Inc. was founded in 1969 and is headquartered in Reston, Virginia.

Symbol
LDOS
Exchange
NYSE
Sector
Technology
Industry
Information Technology Services
Market cap
$14.78B
52 week range
98.86 - 205.77

Valuation

Share price
$117.74 (close of 2026-10-02)
P/E (TTM)
10.80x
Price to book
2.77x
Price to free cash flow
6.83x
Enterprise value
$20.61B
Book value per share
$42.52

Price performance

PeriodChange
1 day-3.47%
5 days-4.75%
1 month-11.99%
3 months+8.18%
6 months-25.87%
Year to date-34.73%
1 year-38.96%
3 years+26.33%
5 years+20.85%
10 years+172.04%
All time+165.36%

Members of Congress who disclosed LDOS trades

Gerald Connolly · Alan Armstrong

Super investors holding LDOS

Ken Griffin (Citadel) · Richard Pzena (Pzena Investment Management) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
29.18%
Return on invested capital
18.29%
Return on assets
10.73%
Return on capital employed
19.77%
Gross margin
17.72%
Net margin
8.46%
EBITDA margin
14.02%
Revenue growth
3.20%
Net income growth
15.47%
Free cash flow growth
26.36%

Cash flow and balance sheet

Free cash flow yield (TTM)
14.64%
Current ratio
1.63x
Net debt to EBITDA
2.52x

Latest reported year

Period end
2026-01-02
Fiscal year
2026
Revenue
$17.11B
Cost of revenue
$14.07B
Gross profit
$3.03B
EBITDA
$2.40B
Net income
$1.45B
Earnings per share
$11.31
Research and development
$187.00M
Shares outstanding
128.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-01-02$17.11B$3.03B$1.45B$11.31
2025-01-03$16.58B$2.71B$1.25B$9.36
2023-12-29$15.34B$2.15B$199.00M$1.45
2022-12-30$14.29B$1.98B$685.00M$5.00
2021-12-31$13.62B$1.89B$753.00M$5.34
2021-01-01$12.20B$1.64B$628.00M$4.42
2020-01-03$10.98B$1.43B$667.00M$4.66
2018-12-28$10.19B$1.50B$581.00M$3.85
2017-12-29$10.17B$1.43B$366.00M$2.41
2016-12-30$7.04B$940.00M$244.00M$2.39

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-01-0217.72%8.46%29.18%18.29%
2025-01-0316.36%7.57%28.12%16.16%
2023-12-2913.98%1.30%4.67%4.83%
2022-12-3013.82%4.79%15.74%9.60%
2021-12-3113.91%5.53%17.33%19.34%
2021-01-0113.42%5.15%16.22%20.39%
2020-01-0313.03%6.08%19.52%21.86%
2018-12-2814.75%5.70%17.55%23.59%
2017-12-2914.08%3.60%10.82%17.39%
2016-12-3013.35%3.46%7.75%12.18%

Cash and debt by year

Period endCash
2026-01-02$1.11B
2025-01-03$849.00M
2023-12-29$641.00M
2022-12-30$516.00M
2021-12-31$727.00M
2021-01-01$524.00M
2020-01-03$668.00M
2018-12-28$327.00M
2017-12-29$390.00M
2016-12-30$376.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-01-02$1.63B$95.00M
2025-01-03$1.29B$85.00M
2023-12-29$980.00M$77.00M
2022-12-30$863.00M$73.00M
2021-12-31$929.00M$67.00M
2021-01-01$1.15B$62.00M
2020-01-03$871.00M$52.00M
2018-12-28$695.00M$44.00M
2017-12-29$445.00M$43.00M
2016-12-30$420.00M$35.00M

Dividend history

Most recent payment
2026-09-15
Paid in the last twelve months
$1.72
Payment dateDividend per share
2026-09-15$0.43
2026-06-15$0.43
2026-03-16$0.43
2025-12-15$0.43
2025-09-15$0.40
2025-06-16$0.40
2025-03-14$0.40
2024-12-16$0.40

Investor relations

Next earnings report

Next confirmed report
2026-11-03
Consensus EPS estimate
$3.00

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-04Jun/2026$2.90
2026-05-05Mar/2026$2.88
2026-02-17Dec/2025$2.57
2025-11-04Sep/2025$2.61
2025-08-05Jun/2025$2.63
2025-05-06Mar/2025$2.47
2025-02-11Dec/2024$2.18
2024-10-29Sep/2024$1.96

Filings and sources

Company website
leidos.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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