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LDOSLeidos Holdings, Inc.
$123.31$15.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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LDOS logo

Leidos Holdings, Inc.

LDOS
NYSE · IT Services
$123.31
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$15.51B
P/E11.1x
52W High$205.77
Volume1.07M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Growth and Margin Expansion Justify Premium Valuation

Leidos is executing well, with Q2 2026 revenue growth accelerating to 7.2% and gross margin reaching a ten-quarter high of 17.9%, driven by strong defense and health demand. The company's asset-light model (capex only 0.8% of revenue) and robust free cash flow...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

LDOS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-63% Peers

P/E is 63% below peer median

03

Market leadership

RS 44 · Lag

Laggard (Underperforming 56% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 7.2% YoY in Q2 2026, with gross margin expanding to 17.9% (a ten-quarter high) and operating margin holding at 11.1%, reflecting strong cost discipline.

Analyst Consensus+23.9% target
Buy(28 analysts)
17 Buy11 Hold0 Sell

The Bull Case

Upside Catalysts

Digital and mission innovator

Leidos is recognized as a Fortune 500 digital and mission innovator, delivering solutions at the intersection of national security, health, and critical infrastructure.

Strong bullish investor sentiment

Multiple bullish theses on platforms like ValueInvesting subreddit highlight investor confidence in Leidos Holdings, Inc.'s growth potential.

Defense and IT leadership

Leidos is an industry and technology leader serving government and commercial customers with efficient digital and mission innovations.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LDOS-32.09%
S&P 500 (^GSPC)+13.20%
1-Year Return
LDOS-33.45%
S&P 500 (^GSPC)+15.98%
3-Year Return
LDOS+40.62%
S&P 500 (^GSPC)+75.75%
5-Year Return
LDOS+42.10%
S&P 500 (^GSPC)+68.10%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
11.1x
Forward P/EExpansion
10.4x
EV/EBITDA0th %ile
8.4x
FCF YieldCash Flow
10.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.1x
16.9x
0th· Low
EV/EBITDA
8.4x
12.1x
0th· Low
Price/FCF
9.5x
15.6x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$136.18+10.4%
Base (Fair)$276.43+116.5%
Bull$479.40+288.8%
$136.18 Bear$276.43 Base$479.40 Bull
Current Market Price: $123.31
Trades at a 55.4% discount to Base DCF ($276.43)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$17.17B+3.1% YoY
Net income
$1.46B+16.1% YoY
Free cash flow
$1.63B+30.7% YoY
Operating margin
12.3%+1.3 pts YoY
ROIC (TTM)17.1%
Avg ROIC 5Y-
ROE (TTM)30.9%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$3.26+12.0%
vs $2.91
$4.6B+2.7%
vs $4.4B
Q2 2026
May 5, 2026
$3.13+7.9%
vs $2.90
$4.4B+2.8%
vs $4.3B
Q1 2026
Feb 17, 2026
$2.76+5.7%
vs $2.61
$4.2B-2.2%
vs $4.3B
Q4 2025
Nov 4, 2025
$3.05+12.5%
vs $2.71
$4.5B+4.5%
vs $4.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·1d ago
Leidos to support extended ARTEMIS airborne ISR mission for U.S. Army

RESTON, Va., Sept. 22, 2026 /PRNewswire/ -- In today's rapidly evolving security environment, military commanders rely on timely, high-quality intelligence to make critical decisions.

Zacks Investment Research·4d ago
Leidos (LDOS) Stock Falls Amid Market Uptick: What Investors Need to Know

Leidos (LDOS) concluded the recent trading session at $127.69, signifying a -2.5% move from its prior day's close.

Zacks Investment Research·5d ago
Leidos (LDOS) Rises Higher Than Market: Key Facts

The latest trading day saw Leidos (LDOS) settling at $130.96, representing a +1.24% change from its previous close.

The Motley Fool·6d ago
Leidos Just Closed a $2.4 Billion Grid-Infrastructure Acquisition. Is This a Quiet AI Winner?

Leidos' latest quarter showed improving momentum, contract wins and higher full-year guidance. The ENTRUST acquisition meaningfully expands Leidos' grid modernization and power engineering footprint.

Filtered for Leidos Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark LDOS against direct peers instead of judging its metrics in isolation.

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
$123.31$15.51B11.083.07%8.48%30.91%1.29%
SAIC logoSAICScience Applications International Corporation
$129.69$5.48B16.84-2.9%5.13%25.89%—
BAH logoBAHBooz Allen Hamilton Holding Corporation
$76.28$9.18B11.04-6.37%7.01%71.9%—
CACI logoCACICACI International Inc
$613.22$13.55B25.3810.89%5.6%12.68%—
LMT logoLMTLockheed Martin Corporation
$522.34$120.55B24.315.65%8.16%86.24%—
RTX logoRTXRTX Corporation
$190.99$257.41B38.519.74%8.28%11.48%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LDOS SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

May 6, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 11, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

Get notified when LDOS posts new earnings or crosses analyst targets

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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 $17.57B in revenue for fiscal year 2025. This represents a 125% 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 $1.35B 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 1.29%. 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 $1.75B 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 →