Leidos Holdings, Inc. LDOS

Technology SIC 7373 - Services-Computer Integrated Systems Design NYSE

Leidos Holdings, Inc. ("Leidos"), a Delaware corporation, is a holding company whose direct 100%-owned subsidiary and principal operating company is Leidos, Inc. Leidos was founded in 1969 by physicist Dr. Robert Beyster. Since our founding 57 years ago, we have applied our expertise in science, research and engineering in rapidly-evolving technologies and markets to solve complex problems of global concern.

We use the terms "we," "us" and "our" to refer collectively to Leidos Holdings, Inc. and its consolidated subsidiaries. Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000, global employees, we pursue strategic growth across five pillars: space and maritime; energy infrastructure; digital modernization and cyber; mission software; and managed health services. Our customers include the U.S. Department of War ("DoW"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA") and many other U.S. civilian, state and local government agencies, foreign government agencies and commercial businesses. With a focus on delivering mission-critical solutions, Leidos generated 87% of revenues for the fiscal year ended January 2, 2026, ("fiscal 2025") from U.S. government contracts, either as a prime contractor or a subcontractor to others. Approximately 8% of our revenues are generated by entities located outside of the United States.

Last close 133.05 2026-09-04
Market cap $16.70B 2026-07-03 share count
52-week range 98.86 - 205.77

Valuation FY2025 figures against the last close

P/S1.0x
P/E11.9x
P/FCF10.3x
EV/EBITDA6.5x
Dividend yield
Diluted EPS11.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $17.11B$16.58B$15.34B$14.29B$13.62B$12.20B$10.98B$10.19B$10.17B$7.04B
Cost of revenue $14.07B$13.86B$13.19B$12.31B$11.72B$10.56B$9.55B$8.69B$8.74B$6.10B
Gross profit $3.03B$2.71B$2.15B$1.98B$1.89B$1.64B$1.43B$1.50B$1.43B$940.0M
R&D $187.0M$150.0M$128.0M$116.0M$109.0M$73.0M$49.0M$46.0M$42.0M$44.0M
SG&A $999.0M$983.0M$942.0M$951.0M$851.0M$770.0M$689.0M$729.0M$737.0M$422.0M
Operating income $2.11B$1.83B$621.0M$1.09B$1.15B$998.0M$912.0M$749.0M$559.0M$417.0M
Interest expense $203.0M$193.0M$212.0M$199.0M$184.0M$179.0M$147.0M$145.0M$148.0M$96.0M
Pre-tax income $1.91B$1.64B$403.0M$886.0M$967.0M$781.0M$866.0M$610.0M$393.0M$318.0M
Income tax $447.0M$388.0M$195.0M$193.0M$208.0M$152.0M$196.0M$28.0M$29.0M$72.0M
Net income $1.45B$1.25B$199.0M$685.0M$753.0M$628.0M$667.0M$581.0M$366.0M$244.0M
EPS, basic 11.319.361.455.005.344.424.663.852.412.39
EPS, diluted 11.149.221.444.965.274.364.603.802.382.35
Shares, diluted (wtd. avg.) $130.0M$136.0M$138.0M$138.0M$143.0M$144.0M$145.0M$153.0M$154.0M$104.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.11B$849.0M$641.0M$525.0M$875.0M$687.0M$717.0M$369.0M$422.0M$396.0M
Receivables $2.71B$2.65B$2.43B$2.35B$2.19B$2.14B$1.73B$1.88B$1.83B$1.66B
Inventory $342.0M$315.0M$310.0M$287.0M$274.0M$276.0M$72.0M$76.0M$67.0M
Total current assets $4.81B$4.33B$4.00B$3.64B$3.62B$3.34B$2.81B$2.84B$2.67B$2.38B
Property, plant and equipment $237.0M$232.0M$259.0M
Goodwill $6.34B$6.08B$6.11B$6.70B$6.74B$6.31B$4.91B$4.86B$4.97B$4.62B
Other intangibles $458.0M$517.0M$667.0M$952.0M$1.18B$1.22B$530.0M$652.0M$856.0M$1.59B
Total assets $13.49B$13.01B$12.70B$13.07B$13.26B$12.51B$9.37B$8.77B$8.99B$9.13B
Accounts payable $627.0M$611.0M$736.0M$733.0M$692.0M$731.0M$592.0M$547.0M$557.0M$591.0M
Short-term debt $20.0M$618.0M$18.0M$992.0M$483.0M$100.0M$61.0M$72.0M$55.0M$62.0M
Total current liabilities $2.83B$3.56B$2.99B$3.95B$3.23B$2.91B$2.33B$2.06B$2.20B$2.02B
Total liabilities $8.53B$8.55B$8.44B$8.72B$8.92B$8.64B
Retained earnings $4.65B$3.41B$2.36B$2.37B$1.88B$1.33B$896.0M$372.0M-$7.0M-$177.0M
Total equity $4.92B$4.41B$4.26B$4.35B$4.34B$3.87B$3.42B$3.31B$3.38B$3.15B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.75B$1.44B$1.19B$992.0M$1.03B$1.33B$992.0M$768.0M$526.0M$449.0M
Depreciation and amortisation $290.0M$290.0M$331.0M$333.0M$325.0M$282.0M$234.0M$257.0M$336.0M$122.0M
Stock-based compensation $95.0M$85.0M$77.0M$73.0M$67.0M$62.0M$52.0M$44.0M$43.0M$35.0M
Capital expenditure $125.0M$149.0M$207.0M$129.0M$104.0M$183.0M$121.0M$73.0M$81.0M$29.0M
Investing cash flow -$405.0M-$142.0M-$211.0M-$313.0M-$730.0M-$2.81B$65.0M-$114.0M-$71.0M$26.0M
Financing cash flow -$1.15B-$1.08B-$715.0M-$865.0M-$113.0M$1.45B-$709.0M-$707.0M-$429.0M-$751.0M
Dividends paid $0$0$993.0M
Buybacks $400.0M$850.0M$225.0M$0$237.0M$67.0M$25.0M$167.0M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001336920-26-000030.

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