LDOS · NYSE · Technology
Leidos Holdings, Inc. (LDOS) — Rank #339 by gross profitability (GP/assets 0.20) · ROE 27.4% · Piotroski F-Score N/A.
As-of 2026-10-30 · CIK 0001336920 · all metrics point-in-time as of the filing date.
About
Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions for government and commercial customers in the United States and internationally.
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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.
- Industry
- Information Technology Services
- Sector
- Technology
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 1
- Website
- leidos.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
50,000
Industry
Information Technology Services
Exchange
NYSE
12/12
Flags passed
LDOS passes 12/12 quality flags
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 0.20
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
8th of 8 SIC 7373 peers
Return on equity
27.4%
Gross margin
18.0%
7th of 7 SIC 7373 peers
Revenue growth (YoY)
3.1%
RPO growth (YoY)
13.5%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
6.1%
Revenue CAGR (5Y)
6.9%
Earnings CAGR (3Y)
28.3%
FCF CAGR (3Y)
23.8%
Cash Flow Health
Is the cash real?
No warning flags · FCF 12% above net income
Free cash flow
$1.63B
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
12.2%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.6%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net cash $726.00M
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.93
8th of 8 SIC 7373 peers (best = lowest)
Current ratio
1.63×
4th of 8 SIC 7373 peers
Quick ratio
1.07×
Net cash
$726.00M
Cash & equivalents minus total debt.
Piotroski F-Score
N/A
Only 8/9 components determinable.
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
4.0 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports