Leidos Holdings (LDOS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Leidos Holdings

NYSE•Technology•Information Technology Services

$130.41-0.48(<0.01%)Market open

Market Cap

$16.50B

P/E

12.0x

P/S

0.9x

P/B

3.1x

Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions for government and commercial customers in the United States and internationally. 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.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability14/25

Growth13/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowHigh ROECash-backed earningsConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.0x5y range 12.0x – 143.3x

Currently below its 20-quarter median.

P/S · 0.9x5y range 0.9x – 1.6x

Currently below its 20-quarter median.

P/B · 3.1x5y range 3.1x – 5.4x

Currently below its 20-quarter median.

Price & Volume

Market Cap $16.50B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.63B
Q. Revenue: $4.56B
TTM EBITDA: $2.48B
TTM Op. Income: $2.03B
Q. Op. Income: $514.00M
TTM Net Income: $1.38B
Q. Net Income: $354.00M
EPS: $2.81
Shares Out.: $126.00M

$17.63B in TTM revenue grew 3.4% YoY, reaching $4.56B last quarter. TTM EBITDA of $2.48B and TTM operating income of $2.03B show growth is flowing through to the bottom line. TTM net income of $1.38B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.9%
EBITDA Margin: 13.1%
Op. Margin: 11.3%
Net Margin: 7.8%

Op. margin of 11.3% is down 2.1% YoY — costs are rising relative to revenue. Net margin at 7.8% and gross margin of 17.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.0x
P/S Ratio: 0.9x
P/B Ratio: 3.1x

At 12.0x P/E, the stock trades below typical market levels. P/S of 0.9x and P/B of 3.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.63B
Cash: $748.00M
Long-Term Debt: $6.01B
Book Value: $5.28B
D/E Ratio: 1.1
Debt/EBITDA: 10.1

With $15.63B in assets and $6.01B in long-term debt, D/E is 1.1and book value is $5.28B — moderate leverage. Over the past year, debt/equity is up 6% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $793.00M
TTM Free Cash Flow: $2.16B
FCF Margin: 12.3%
FCF / Net Income: 1.6

TTM FCF of $2.16B on $793.00M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.