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LDOSLeidos Holdings, Inc.
$108.57$13.7B
Overview & Verdict
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LDOS logoLeidos Holdings, Inc.(LDOS)Earnings, Financials & Key Ratios

LDOS•NYSE
$108.57
9.8× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryGovernment and Defense IT Services
AboutLeidos Holdings, Inc., together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S. Intelligence Community, the Department of Defense, the National Aeronautics and Space Administration, military services, and government agencies of U.S. allies abroad, as well as other federal and commercial customers in the national security industry. Its solutions include technology, large-scale systems, command and control platforms, data analytics, logistics, and cybersecurity solutions, as well as intelligence analysis and operations support services to critical missions. The Civil segment provides systems integration services to air navigation service providers, including the federal aviation administration, the En route automation modernization, advanced technology oceanic procedure, time based flow management, terminal flight data management, geo-7, and future flight services, as well as enterprise-information display systems; and security detection and automation services. It also offers information technology (IT) solutions in cloud computing, mobility, application modernization, DevOps, data center, network modernization, asset management, help desk operations, and digital workplace enablement; and environment, energy, and infrastructure services. The Health segment offers solutions to federal and commercial customers responsible for health and well-being of people worldwide, including health information management, managed health, digital transformation, and life sciences research and development services. Leidos Holdings, Inc. was founded in 1969 and is headquartered in Reston, Virginia.Show more
  • Revenue$17.17B+3.1%
  • EBITDA$2.41B+13.7%
  • Net Income$1.46B+16.1%
  • EPS (Diluted)11.13+20.7%
  • Gross Margin17.66%+5.2%
  • EBITDA Margin14.02%+10.3%
  • Operating Margin12.27%+11.9%
  • Net Margin8.48%+12.6%
  • ROE30.91%+7.4%

LDOS Price & Volume

Leidos Holdings, Inc. (LDOS) stock price & volume — 10-year historical chart

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Inorganic Growth Strategy Masks Structural Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Contract Recompete Concentration Risk

Key Thesis Takeaways

  • Leidos Holdings relies heavily on an aggressive acquisition-led strategy, evidenced by a $2.3 billion acquisition outflow in 2026Q1, to offset cyclical revenue growth that decelerated to 3.7% in the same period.
  • While the company maintains a disciplined CapEx profile with a ratio consistently below 2.0%, investors should monitor the $8.1 billion goodwill balance which represents over 50% of total assets.
  • The firm's long-term outlook remains tethered to the binary risk of federal contract recompetes and the ability to scale operating margins beyond the 11.5% reported in 2026Q1.

Verdict Logic

while the stock trades at a modest forward P/E of 8.59, the heavy reliance on debt-funded inorganic growth and the significant $8.1 billion goodwill concentration warrant a cautious approach until organic margin expansion is demonstrated.

LDOS Growth Metrics

Leidos Holdings, Inc. (LDOS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.94%
5 Years6.91%
3 Years6.06%
TTM2.48%

Profit CAGR

10 Years19.08%
5 Years18.32%
3 Years28.58%
TTM-3.14%

EPS CAGR

10 Years12.49%
5 Years20.62%
3 Years30.92%
TTM-1.04%

Return on Capital

10 Years12.29%
5 Years13.94%
3 Years15.54%
Last Year20.95%

LDOS Recent Earnings

Leidos Holdings, Inc. (LDOS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$3.13+7.9%
$2.90
Rev
$4.4B+2.8%
$4.3B
Q1 2026
Feb 17, 2026
Metric
Actual
Est
EPS
$2.76+5.7%
$2.61
Rev
$4.2B-2.2%
$4.3B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$3.05+12.5%
$2.71
Rev
$4.5B+4.5%
$4.3B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$3.21+20.7%
$2.66
Rev
$4.3B+0.4%
$4.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$3.13vs $2.90+7.9%
$4.4Bvs $4.3B+2.8%
Q1 2026Feb 17, 2026
$2.76vs $2.61+5.7%
$4.2Bvs $4.3B-2.2%
Q4 2025Nov 4, 2025
$3.05vs $2.71+12.5%
$4.5Bvs $4.3B+4.5%
Q3 2025Aug 5, 2025
$3.21vs $2.66+20.7%
$4.3Bvs $4.2B+0.4%
Based on last 12 quarters of dataView full earnings history →

Latest LDOS News

Recent stock market news and headlines for Leidos Holdings, Inc. (LDOS)

Zacks Investment Research·1 day ago
Will Leidos (LDOS) Beat Estimates Again in Its Next Earnings Report?

Leidos (LDOS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Zacks Investment Research·5 days ago
Here's Why Leidos (LDOS) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research·Jun 30, 2026
BBAI vs. LDOS: Which Defense Tech Stock Has Better Upside Potential?

Artificial intelligence is becoming increasingly important in defense, intelligence and homeland security, driving demand for companies that can deliver mission-critical software and advanced technologies. BigBear.ai Holdings, Inc. BBAI and Leidos Holdings LDOS are two companies benefiting from this trend, though they operate at very different scales.

Zacks Investment Research·Jun 29, 2026
Why Leidos (LDOS) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Zacks Investment Research·Jun 26, 2026
Why the Market Dipped But Leidos (LDOS) Gained Today

Leidos (LDOS) closed the most recent trading day at $101.76, moving +1.76% from the previous trading session.

Peers Comparison

Key metrics vs top competitors for Leidos Holdings, Inc. (LDOS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LDOS logoLDOSLeidos Holdings, Inc.Current
$108.57$13.66B9.753.07%8.48%30.91%1.47%
SAIC logoSAICScience Applications International Corporation
$113.67$4.81B14.76-2.9%5.55%27.22%—
BAH logoBAHBooz Allen Hamilton Holding Corporation
$63.31$7.58B9.16-6.37%7.57%81.03%—
CACI logoCACICACI International Inc
$497.36$10.98B22.2812.64%5.86%13.15%—
LMT logoLMTLockheed Martin Corporation
$535.38$123.38B24.915.65%6.38%74.53%—
RTX logoRTXRTX Corporation
$200.85$270.48B40.499.74%8.03%10.92%—

Compare LDOS vs Peers

Leidos Holdings, Inc. (LDOS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAIC

Most directly comparable listed peer for LDOS.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare LDOS against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAIC, BAH, CACI, LMT

LDOS SEC Filings & Documents

Leidos Holdings, Inc. (LDOS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 5, 2026·SEC

Material company update

Apr 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 11, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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LDOS Frequently Asked Questions

Leidos Holdings, Inc. (LDOS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Leidos Holdings, Inc.'s revenue?

Leidos Holdings, Inc. (LDOS) reported $17.48B in revenue for fiscal year 2025. This represents a 124% increase from $7.79B in 2005.

How fast is Leidos Holdings, Inc. growing?

Leidos Holdings, Inc. (LDOS) grew revenue by 3.1% over the past year. Growth has been modest.

Is LDOS profitable?

Yes, Leidos Holdings, Inc. (LDOS) is profitable, generating $1.36B in net income for fiscal year 2025 (8.5% net margin).

Dividend & Returns
Does LDOS pay dividends?

Yes, Leidos Holdings, Inc. (LDOS) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.

What is LDOS's return on equity?

Leidos Holdings, Inc. (LDOS) has a return on equity (ROE) of 30.9%. This is excellent, indicating efficient use of shareholder capital.

What is Leidos Holdings, Inc.'s free cash flow?

Leidos Holdings, Inc. (LDOS) generated $1.67B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LDOS back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →