LDOS · Leidos Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.40B | $4.47B | $4.25B | $4.25B | $4.19B | $4.13B | $3.98B | - | $3.92B | $3.84B |
| Cost of Revenue | $3.64B | $3.65B | $3.47B | $3.49B | $3.43B | $3.43B | $3.34B | - | $3.33B | $3.27B |
| Gross Profit | $761.00M | $821.00M | $782.00M | $757.00M | $762.00M | $705.00M | $638.00M | - | $587.00M | $567.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $223.00M | $286.00M | $217.00M | $230.00M | $247.00M | $231.00M | $226.00M | - | $239.00M | $237.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $72.00M | - | - | $69.00M | - | - | $69.00M | - | - | - |
| Operating Income | $508.00M | $535.00M | $571.00M | $530.00M | $516.00M | $475.00M | $415.00M | - | ($336.00M) | $331.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $94.00M | $115.00M | $125.00M | $113.00M | $108.00M | $102.00M | $85.00M | - | $8.00M | $64.00M |
| Net Income | $328.00M | $367.00M | $391.00M | $363.00M | $364.00M | $322.00M | $284.00M | - | ($399.00M) | $207.00M |
| EPS - Basic | $2.60 | $2.87 | $3.03 | $2.79 | $2.72 | $2.39 | $2.09 | - | ($2.91) | $1.51 |
| EPS - Diluted | $2.56 | $2.82 | $3.01 | $2.77 | $2.68 | $2.37 | $2.07 | - | ($2.91) | $1.50 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $457.00M | $974.00M | $930.00M | $842.00M | $1.19B | $823.00M | $633.00M | $777.00M | $750.00M | $329.00M |
| Accounts Receivable | $2.71B | $2.97B | $2.92B | $2.65B | $2.71B | $2.62B | $2.71B | $2.43B | $2.45B | $2.48B |
| Inventory | $336.00M | $360.00M | $364.00M | $347.00M | $323.00M | $333.00M | $318.00M | $310.00M | $295.00M | $310.00M |
| Accounts Payable | $627.00M | - | - | $705.00M | - | - | - | $736.00M | - | - |
| Current Assets | $4.40B | $4.85B | $4.78B | $4.55B | $4.67B | $4.23B | $4.15B | $4.00B | $3.99B | $3.58B |
| Total Assets | $15.39B | $13.54B | $13.55B | $13.20B | $13.34B | $12.91B | $12.82B | $12.70B | $12.76B | $13.03B |
| Current Liabilities | $3.15B | $2.99B | $2.95B | $2.96B | $3.78B | $3.50B | $3.08B | $2.99B | $3.04B | $2.85B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.32B | $8.59B | $8.84B | $8.89B | $8.67B | $8.40B | $8.50B | $8.44B | $8.55B | $8.37B |
| Stockholders' Equity | $5.01B | $4.91B | $4.66B | $4.26B | $4.61B | $4.46B | $4.26B | $4.20B | $4.15B | $4.60B |
| Retained Earnings | $4.92B | $4.38B | $4.06B | $3.72B | $3.18B | $2.87B | $2.60B | $2.36B | $2.19B | $2.64B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $301.00M | - | - | $58.00M | - | - | $63.00M | - | - | - |
| Investing Cash Flow | ($2.36B) | - | - | ($22.00M) | - | - | ($12.00M) | - | - | - |
| Financing Cash Flow | $1.39B | - | - | ($110.00M) | - | - | ($228.00M) | - | - | - |
| CapEx | $31.00M | - | - | $22.00M | - | - | $17.00M | - | - | - |
| Free Cash Flow | $270.00M | - | - | $36.00M | - | - | $46.00M | - | - | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 17.3% | 18.4% | 18.4% | 17.8% | 18.2% | 17.1% | 16.1% | - | 15.0% | 14.8% |
| Operating margin | 11.5% | 12.0% | 13.4% | 12.5% | 12.3% | 11.5% | 10.4% | - | -8.6% | 8.6% |
| EBITDA margin | 13.2% | - | - | 14.1% | - | - | 12.2% | - | - | - |
| Net margin | 7.5% | 8.2% | 9.2% | 8.6% | 8.7% | 7.8% | 7.1% | - | -10.2% | 5.4% |
| Free cash flow margin | 6.1% | - | - | 0.8% | - | - | 1.2% | - | - | - |
| FCF / Net income | 0.82 | - | - | 0.10 | - | - | 0.16 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.1% | 6.4% | 5.1% | 5.4% | 5.9% | 5.6% | 5.7% | - | 6.1% | 6.2% |
| Effective tax rate | 22.3% | 23.9% | 24.2% | 23.7% | 22.9% | 24.1% | 23.0% | - | - | 23.6% |
| Return on assets | 2.1% | 2.7% | 2.9% | 2.8% | 2.7% | 2.5% | 2.2% | - | -3.1% | 1.6% |
| Return on equity | 6.5% | 7.5% | 8.4% | 8.5% | 7.9% | 7.2% | 6.7% | - | -9.6% | 4.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.40 | 1.62 | 1.62 | 1.54 | 1.23 | 1.21 | 1.35 | 1.34 | 1.31 | 1.25 |
| Quick ratio | 1.29 | 1.50 | 1.50 | 1.42 | 1.15 | 1.11 | 1.24 | 1.24 | 1.22 | 1.14 |
| Cash ratio | 0.14 | 0.33 | 0.32 | 0.28 | 0.31 | 0.23 | 0.21 | 0.26 | 0.25 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.07 | 2.76 | 2.91 | 3.10 | 2.89 | 2.90 | 3.01 | 3.02 | 3.08 | 2.83 |
| Liabilities / Assets | 0.67 | 0.63 | 0.65 | 0.67 | 0.65 | 0.65 | 0.66 | 0.66 | 0.67 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.29 | 0.33 | 0.31 | 0.32 | 0.31 | 0.32 | 0.31 | - | 0.31 | 0.29 |
| Inventory turnover | 10.83 | 10.13 | 9.54 | 10.05 | 10.61 | 10.29 | 10.49 | - | 11.30 | 10.55 |
| Days sales outstanding | 225d | 243d | 250d | 227d | 236d | 231d | 249d | - | 228d | 236d |
| Days inventory outstanding | 34d | 36d | 38d | 36d | 34d | 35d | 35d | - | 32d | 35d |
| Days payable outstanding | 63d | - | - | 74d | - | - | - | - | - | - |
| Cash conversion cycle | 195d | - | - | 190d | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 62.0x | 69.4x | 54.7x | 48.1x | 59.6x | 61.6x | 63.3x | - | - | 59.0x |
| P / B | 4.1x | 5.2x | 4.6x | 4.1x | 4.7x | 4.5x | 4.2x | - | 3.0x | 2.7x |
| P / S | 4.6x | 5.7x | 5.0x | 4.1x | 5.2x | 4.8x | 4.5x | - | 3.2x | 3.2x |
| EV / EBITDA | 34.3x | - | - | 27.7x | - | - | 35.8x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.7% | 6.7% | 2.9% | 6.8% | 6.9% | 7.7% | 7.5% | - | 8.7% | 6.7% |
| Revenue CAGR (3y) | 6.0% | 7.4% | 5.7% | 6.7% | 6.4% | 6.2% | 6.2% | - | 6.5% | 9.6% |
| Revenue CAGR (5y) | 5.8% | 6.6% | 7.9% | 8.2% | 8.1% | 8.7% | 9.1% | - | 8.8% | 8.3% |
| Gross profit growth (YoY) | 0.5% | 7.7% | 10.9% | 18.7% | 29.8% | 24.3% | 28.9% | - | 14.4% | 5.4% |
| Operating income growth (YoY) | -4.2% | 3.7% | 20.2% | 27.7% | - | 43.5% | 56.6% | - | - | 22.1% |
| Net income growth (YoY) | -9.6% | 0.8% | 21.4% | 27.8% | - | 55.6% | 75.3% | - | - | 21.1% |
| EPS growth (YoY) | -7.6% | 5.2% | 27.0% | 33.8% | - | 58.0% | 76.9% | - | - | 21.0% |
| EPS CAGR (3y) | 29.8% | 34.1% | 34.4% | 30.4% | 23.3% | 26.2% | 13.4% | - | - | 12.3% |
| EPS CAGR (5y) | 12.5% | 20.1% | 23.2% | 28.2% | 19.3% | 20.6% | 9.9% | - | - | 9.8% |
| FCF growth (YoY) | 650.0% | - | - | -21.7% | - | - | - | - | - | - |
| FCF CAGR (5y) | 4.9% | - | - | -35.7% | - | - | -30.0% | - | - | - |
| Book value growth (YoY) | 17.8% | 6.4% | 4.6% | -0.0% | 11.3% | -3.1% | -3.4% | -2.3% | 1.5% | 14.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-02.
Business segments
$9.62B totalHealth And Civil Segment$5.07B · 52.7%
Commercial And International Segment$2.31B · 24.1%
Defense Systems Segment$2.18B · 22.6%
National Security And Digital Segment$60.00M · 0.6%
Geographic
$7.56B totalUS$7.52B · 99.4%
Non Us$43.00M · 0.6%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Leidos Holdings against the 5 most active filers in the same SIC group.
Dividends
$1.66/share trailing 12 months · +6.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.4300 |
| Dec 15, 2025 | $0.4300 |
| Sep 15, 2025 | $0.4000 |
| Jun 16, 2025 | $0.4000 |
| Mar 14, 2025 | $0.4000 |
| Dec 16, 2024 | $0.4000 |
| Sep 13, 2024 | $0.3800 |
| Jun 14, 2024 | $0.3800 |
| Mar 14, 2024 | $0.3800 |
| Dec 14, 2023 | $0.3800 |
| Sep 14, 2023 | $0.3600 |
| Jun 14, 2023 | $0.3600 |
| Mar 14, 2023 | $0.3600 |
| Dec 14, 2022 | $0.3600 |
| Sep 14, 2022 | $0.3600 |
| Jun 14, 2022 | $0.3600 |
| Mar 14, 2022 | $0.3600 |
| Dec 14, 2021 | $0.3600 |
| Sep 14, 2021 | $0.3600 |
| Jun 14, 2021 | $0.3400 |
| Mar 12, 2021 | $0.3400 |
| Dec 14, 2020 | $0.3400 |
| Sep 14, 2020 | $0.3400 |
| Jun 12, 2020 | $0.3400 |