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Overview

Leidos Holdings, Inc.

LDOSNYSEInformation TechnologyServices-Computer Integrated Systems DesignCIK 0001336920S&P 500

Latest 10-K: FY2025, filed Feb 17, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$17.17B
3.1%YoYup from FY2024
TotalRevenue
Gross profit
$3.10B
10.8%YoYup from FY2024
GrossProfit
Operating income
$2.11B
15.4%YoYup from FY2024
OperatingIncome
Net income
$1.45B
15.5%YoYup from FY2024
NetIncome
Diluted EPS
$11.14
20.8%YoYup from FY2024
EPSDiluted
Diluted shares
130.0M
4.4%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • Leidos Holdings, Inc. reported revenue of $17.17B for fiscal 2025, up 3.1% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.

Profitability

  • Operating margin was 12.3% and net margin was 8.4%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $11.14, up 20.8% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 25, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$17.17B3.1%up
S&P 500 6.4%
$16.66B7.9%up
S&P 500 4.5%
$15.44B7.2%up
S&P 500 4.8%
$14.40B4.8%up
S&P 500 10.3%
$13.74B11.7%up
S&P 500 13.8%
5.7%
S&P 500 6.6%
Gross Profit
Median of 315 / 498
$3.10B10.8%up
S&P 500 6.8%
$2.80B24.7%up
S&P 500 5.5%
$2.24B7.7%up
S&P 500 5.2%
$2.08B3.5%up
S&P 500 8.3%
$2.01B15.9%up
S&P 500 15.7%
11.4%
S&P 500 6.2%
Operating Income
Median of 373 / 498
$2.11B15.4%up
S&P 500 7.3%
$1.83B194.2%up
S&P 500 7.4%
$0.62B42.9%down
S&P 500 4.9%
$1.09B5.6%down
S&P 500 7.5%
$1.15B15.4%up
S&P 500 23.5%
16.3%
S&P 500 7.2%
Net Income
$1.45B15.5%up
S&P 500 4.8%
$1.25B530.2%up
S&P 500 5.7%
$0.20B70.9%down
S&P 500 1.9%
$0.69B9.0%down
S&P 500 1.3%
$0.75B19.9%up
S&P 500 33.9%
17.8%
S&P 500 4.1%
EPS (Diluted)
$11.1420.8%up
S&P 500 6.2%
$9.22540.3%up
S&P 500 7.9%
$1.4471.0%down
S&P 500 1.9%
$4.965.9%down
S&P 500 1.5%
$5.2720.9%up
S&P 500 34.8%
20.6%
S&P 500 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$13.49B3.7%up
S&P 500 5.6%
$13.01B2.5%up
S&P 500 3.4%
$12.70B2.9%down
S&P 500 4.1%
$13.07B1.4%down
S&P 500 2.2%
$13.26B6.0%up
S&P 500 6.7%
0.4%
S&P 500 4.7%
Total Liabilities
Median of 357 / 498
$8.53B0.2%down
S&P 500 6.4%
$8.55B1.3%up
S&P 500 1.9%
$8.44B3.2%down
S&P 500 2.9%
$8.72B2.2%down
S&P 500 2.0%
$8.92B3.2%up
S&P 500 5.2%
-1.1%
S&P 500 4.4%
Stockholders' Equity
$4.96B11.3%up
S&P 500 6.8%
$4.46B4.7%up
S&P 500 5.4%
$4.26B2.2%down
S&P 500 7.3%
$4.35B0.2%up
S&P 500 2.5%
$4.34B12.2%up
S&P 500 9.0%
3.4%
S&P 500 6.1%
Cash & Equivalents
$1.11B30.5%up
S&P 500 5.2%
$0.85B32.4%up
S&P 500 1.9%
$0.64B24.2%up
S&P 500 6.7%
$0.52B29.0%down
S&P 500 -8.6%
$0.73B38.7%up
S&P 500 -2.9%
11.1%
S&P 500 2.0%
Total Debt
Median of 393 / 498
$4.65B0.5%down
S&P 500 2.3%
$4.67B0.3%down
S&P 500 0.1%
$4.68B1.8%up
S&P 500 0.1%
$4.60B2.0%down
S&P 500 0.1%
$4.70B1.0%down
S&P 500 0.0%
-0.3%
S&P 500 3.7%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$1.75B22.0%up
S&P 500 6.3%
$1.44B20.9%up
S&P 500 4.8%
$1.19B19.7%up
S&P 500 9.9%
$0.99B4.0%down
S&P 500 -0.7%
$1.03B22.6%down
S&P 500 10.7%
14.1%
S&P 500 7.0%
Capital Expenditures
$125.00M16.1%down
S&P 500 5.4%
$149.00M28.0%down
S&P 500 2.8%
$207.00M60.5%up
S&P 500 11.3%
$129.00M24.0%up
S&P 500 14.0%
$104.00M43.2%down
S&P 500 8.1%
4.7%
S&P 500 9.0%
Free Cash Flow
Median of 378 / 498
$1.63B26.4%up
S&P 500 7.3%
$1.29B31.2%up
S&P 500 6.1%
$0.98B13.6%up
S&P 500 8.8%
$0.86B7.1%down
S&P 500 -11.3%
$0.93B19.3%down
S&P 500 10.2%
15.0%
S&P 500 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

6.1%

Wall Street

on net earnings

FY2024 6.3%

6.8%

Value investor

on free cash flow

FY2024 6.4%

Gap +0.7 pts: Value-investor figure 0.7 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 16.5×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

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Cite this page

Data as of Oct 25, 2026. Canonical address: https://valuein.biz/data/LDOS

APA-style text
Valuein. (2026, October 25). Leidos Holdings, Inc. (LDOS) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/LDOS
BibTeX
@misc{valuein_ldos_2026,
  author = {{Valuein}},
  title = {Leidos Holdings, Inc. (LDOS) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/LDOS}},
  note = {Data as of 2026-10-25; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 17, 2026 · accession 0001336920-26-000030

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing