Leidos Holdings, Inc. (LDOS) Financial Ratios
21 years of historical data (2005–2025) · Technology · Information Technology Services
EV/EBITDA
↑
7.44
↓-47% vs avg
5yr avg: 13.91
30Y Low3.9·High20.3
P/FCF
↑
8.12
↓-48% vs avg
5yr avg: 15.46
30Y Low4.6·High26.5
P/B Ratio
↑
2.80
↓-27% vs avg
5yr avg: 3.83
30Y Low1.1·High4.9
ROE
↑
30.9%
↓+57% vs avg
5yr avg: 19.7%
30Y Low-25%·High32%
Debt/EBITDA
↓
2.46
↓-32% vs avg
5yr avg: 3.62
30Y Low1.2·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LDOS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Leidos Holdings, Inc. trades at 9.4x earnings, 68% below its 5-year average of 29.1x, sitting at the 11th percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a discount of 67%. On a free-cash-flow basis, the stock trades at 8.1x P/FCF, 48% below the 5-year average of 15.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.2B | $24.3B | $20.0B | $14.9B | $14.5B | $12.7B | $15.1B | $14.2B | $8.1B | $9.9B | $5.3B |
| Enterprise Value | $17.9B | $29.0B | $24.4B | $19.4B | $19.5B | $17.7B | $19.9B | $16.8B | $10.9B | $12.7B | $8.3B |
| P/E Ratio → | 9.42 | 16.48 | 15.96 | 75.17 | 21.21 | 16.87 | 24.11 | 21.28 | 13.87 | 27.13 | 21.76 |
| P/S Ratio | 0.77 | 1.41 | 1.20 | 0.97 | 1.01 | 0.93 | 1.23 | 1.28 | 0.79 | 0.98 | 0.76 |
| P/B Ratio | 2.80 | 4.90 | 4.49 | 3.51 | 3.33 | 2.93 | 3.91 | 4.15 | 2.44 | 2.94 | 1.69 |
| P/FCF | 8.12 | 14.95 | 16.10 | 15.59 | 16.94 | 13.71 | 13.15 | 16.30 | 11.61 | 22.35 | 12.75 |
| P/OCF | 7.54 | 13.88 | 14.38 | 12.82 | 14.72 | 12.33 | 11.35 | 14.31 | 10.50 | 18.90 | 11.93 |
P/E links to full P/E history page with 30-year chart
LDOS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Leidos Holdings, Inc.'s enterprise value stands at 7.4x EBITDA, 47% below its 5-year average of 13.9x. The Technology sector median is 16.6x, placing the stock at a 55% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.69 | 1.46 | 1.25 | 1.35 | 1.28 | 1.62 | 1.52 | 1.07 | 1.25 | 1.17 |
| EV / EBITDA | 7.44 | 12.06 | 11.51 | 20.33 | 13.72 | 11.95 | 15.56 | 14.69 | 10.80 | 14.19 | 15.34 |
| EV / EBIT | 8.50 | 13.78 | 13.30 | 31.48 | 17.96 | 15.34 | 20.69 | 16.62 | 14.39 | 23.47 | 19.97 |
| EV / FCF | — | 17.86 | 19.60 | 20.21 | 22.74 | 19.04 | 17.31 | 19.33 | 15.63 | 28.53 | 19.82 |
LDOS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Leidos Holdings, Inc. earns an operating margin of 12.3%. Operating margins have expanded from 4.0% to 12.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.9% is exceptionally high. ROIC of 17.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.7% | 17.7% | 16.8% | 14.5% | 14.5% | 14.7% | 14.1% | 14.0% | 14.8% | 12.3% | 12.1% |
| Operating Margin | 12.3% | 12.3% | 11.0% | 4.0% | 7.6% | 8.4% | 8.1% | 8.2% | 7.3% | 5.5% | 5.9% |
| Net Profit Margin | 8.5% | 8.5% | 7.5% | 1.3% | 4.8% | 5.5% | 5.1% | 6.0% | 5.7% | 3.6% | 3.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.9% | 30.9% | 28.8% | 4.6% | 15.8% | 18.3% | 17.2% | 19.8% | 17.4% | 11.2% | 11.6% |
| ROA | 10.9% | 10.9% | 9.7% | 1.5% | 5.2% | 5.8% | 5.7% | 7.4% | 6.5% | 4.0% | 3.9% |
| ROIC | 17.1% | 17.1% | 15.7% | 5.2% | 8.8% | 9.6% | 10.2% | 11.2% | 9.2% | 6.9% | 8.2% |
| ROCE | 21.0% | 21.0% | 19.1% | 6.6% | 11.4% | 11.7% | 12.0% | 13.3% | 11.1% | 8.0% | 8.8% |
LDOS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Leidos Holdings, Inc. carries a Debt/EBITDA ratio of 2.5x, which is manageable (16% below the sector average of 2.9x). Net debt stands at $4.7B ($5.9B total debt minus $1.2B cash). Interest coverage of 10.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.19 | 1.19 | 1.19 | 1.22 | 1.26 | 1.30 | 1.37 | 0.97 | 0.94 | 0.93 | 1.06 |
| Debt / EBITDA | 2.46 | 2.46 | 2.50 | 5.46 | 3.86 | 3.84 | 4.15 | 2.89 | 3.11 | 3.51 | 6.17 |
| Net Debt / Equity | — | 0.95 | 0.97 | 1.04 | 1.14 | 1.14 | 1.24 | 0.77 | 0.84 | 0.81 | 0.94 |
| Net Debt / EBITDA | 1.96 | 1.96 | 2.05 | 4.64 | 3.50 | 3.34 | 3.74 | 2.31 | 2.78 | 3.08 | 5.47 |
| Debt / FCF | — | 2.91 | 3.50 | 4.61 | 5.80 | 5.33 | 4.16 | 3.04 | 4.02 | 6.19 | 7.07 |
| Interest Coverage | 10.38 | 10.38 | 9.49 | 2.90 | 5.45 | 6.26 | 5.29 | 6.89 | 5.21 | 3.66 | 4.31 |
LDOS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.70x means Leidos Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.34x to 1.70x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.70 | 1.70 | 1.21 | 1.34 | 0.92 | 1.12 | 1.15 | 1.21 | 1.38 | 1.21 | 1.18 |
| Quick Ratio | 1.58 | 1.58 | 1.13 | 1.24 | 0.85 | 1.04 | 1.05 | 1.17 | 1.38 | 1.18 | 1.15 |
| Cash Ratio | 0.43 | 0.43 | 0.26 | 0.26 | 0.13 | 0.23 | 0.18 | 0.29 | 0.16 | 0.18 | 0.19 |
| Asset Turnover | — | 1.27 | 1.27 | 1.22 | 1.10 | 1.04 | 0.98 | 1.18 | 1.16 | 1.13 | 0.77 |
| Inventory Turnover | 41.35 | 41.35 | 44.01 | 42.56 | 42.90 | 42.78 | 38.26 | 132.58 | — | 117.41 | 92.40 |
| Days Sales Outstanding | — | 57.55 | 57.94 | 57.43 | 59.58 | 58.16 | 63.43 | 57.05 | 67.21 | 65.71 | 86.44 |
LDOS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Leidos Holdings, Inc. returns 8.7% to shareholders annually — split between a 1.5% dividend yield and 7.2% buyback yield. The payout ratio of 14.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 0.9% | 1.0% | 1.3% | 1.4% | 1.6% | 1.3% | 1.4% | 2.5% | 2.0% | 21.3% |
| Payout Ratio | 14.5% | 14.5% | 16.6% | 101.0% | 29.1% | 26.4% | 31.2% | 29.7% | 34.1% | 54.1% | 465.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.6% | 6.1% | 6.3% | 1.3% | 4.7% | 5.9% | 4.1% | 4.7% | 7.2% | 3.7% | 4.6% |
| FCF Yield | 12.3% | 6.7% | 6.2% | 6.4% | 5.9% | 7.3% | 7.6% | 6.1% | 8.6% | 4.5% | 7.8% |
| Buyback Yield | 7.2% | 3.9% | 4.5% | 1.6% | 3.7% | 2.1% | 0.7% | 3.2% | 5.4% | 0.3% | 0.5% |
| Total Shareholder Yield | 8.7% | 4.8% | 5.6% | 3.0% | 5.1% | 3.7% | 2.0% | 4.6% | 7.9% | 2.3% | 21.8% |
| Shares Outstanding | — | $132M | $136M | $138M | $138M | $143M | $144M | $145M | $153M | $154M | $104M |
Peer Comparison
Compare LDOS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LDOSYou | $13B | 9.4 | 7.4 | 8.1 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 SAIC | $4B | 13.1 | 10.1 | 7.4 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 BAH | $8B | 9.2 | 8.7 | 8.0 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 CACI | $10B | 20.1 | 13.7 | 20.6 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 LMT | $114B | 23.0 | 15.6 | 16.5 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 RTX | $245B | 36.7 | 21.5 | 30.8 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 NOC | $72B | 17.4 | 15.2 | 21.8 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 GD | $93B | 22.2 | 16.6 | 23.5 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
 KTOS | $10B | 393.0 | 105.7 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 MSFT | $2.7T | 26.9 | 17.3 | 38.1 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $2.5T | 32.5 | 17.6 | 325.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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LDOS — Frequently Asked Questions
Quick answers to the most common questions about buying LDOS stock.
What is Leidos Holdings, Inc.'s P/E ratio?
Leidos Holdings, Inc.'s current P/E ratio is 9.4x. The historical average is 21.2x. This places it at the 11th percentile of its historical range.
What is Leidos Holdings, Inc.'s EV/EBITDA?
Leidos Holdings, Inc.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
What is Leidos Holdings, Inc.'s ROE?
Leidos Holdings, Inc.'s return on equity (ROE) is 30.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.8%.
Is LDOS stock overvalued?
Based on historical data, Leidos Holdings, Inc. is trading at a P/E of 9.4x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Leidos Holdings, Inc.'s dividend yield?
Leidos Holdings, Inc.'s current dividend yield is 1.52% with a payout ratio of 14.5%.
What are Leidos Holdings, Inc.'s profit margins?
Leidos Holdings, Inc. has 17.7% gross margin and 12.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Leidos Holdings, Inc. have?
Leidos Holdings, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.