Last 48 quarters of trend data · Technology · Information Technology Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Leidos Holdings, Inc.'s quarterly P/E stands at 15.5x, up 29.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 35.2% YoY to 12.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.42 | 15.51 | 18.13 | 17.34 | 13.67 | 12.02 | 17.35 | 14.90 | 15.39 | 15.83 | 16.30 | — | 14.75 |
| — | +29.1% | +4.5% | +16.4% | -11.2% | -24.1% | +6.4% | — | +4.4% | -19.5% | -20.7% | — | -28.6% | |
| P/S Ratio | 0.77 | 1.16 | 1.44 | 1.42 | 1.26 | 1.03 | 1.13 | 1.28 | 1.20 | 1.13 | 0.94 | 0.81 | 0.80 |
| — | +12.5% | +27.8% | +11.5% | +4.8% | -9.1% | +20.4% | +58.6% | +50.9% | +31.5% | -4.4% | -3.8% | -19.1% | |
| P/B Ratio | 2.80 | 4.01 | 4.90 | 5.14 | 4.54 | 4.05 | 4.42 | 4.59 | 4.40 | 4.16 | 3.51 | 3.00 | 2.62 |
| — | -1.0% | +10.7% | +12.0% | +3.3% | -2.6% | +26.0% | +52.7% | +67.6% | +46.3% | +5.2% | +3.0% | -24.7% | |
| P/FCF | 8.12 | 18.82 | 13.44 | 9.36 | 11.70 | 121.12 | 23.14 | 7.69 | 14.13 | 97.61 | 16.52 | 4.24 | 24.62 |
| — | -84.5% | -41.9% | +21.7% | -17.2% | +24.1% | +40.1% | +81.4% | -42.6% | — | -76.3% | +1.2% | -86.8% | |
| EV / EBITDA | 7.44 | 12.60 | 13.05 | 12.20 | 10.17 | 9.32 | 12.03 | 10.80 | 11.07 | 11.62 | 10.90 | — | 10.44 |
| — | +35.2% | +8.4% | +12.9% | -8.1% | -19.8% | +10.4% | — | +6.1% | -9.9% | -21.9% | — | -24.6% | |
| EV / EBIT | 8.50 | 12.60 | 15.40 | 13.88 | 11.42 | 10.60 | 14.26 | 12.29 | 12.67 | 13.49 | 13.48 | — | 13.12 |
| — | +18.9% | +8.0% | +13.0% | -9.9% | -21.5% | +5.8% | — | -3.4% | -21.3% | -25.6% | — | -26.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Leidos Holdings, Inc.'s operating margin was 11.5% in Q1 2026, up 0.3 pp QoQ and down 0.9 pp YoY. Gross margin contracted 3.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.7% | 17.3% | 16.0% | 18.4% | 18.4% | 17.8% | 15.9% | 18.2% | 17.1% | 16.1% | 14.9% | 15.0% | 14.8% |
| — | -3.0% | +0.8% | +1.0% | +7.8% | +11.1% | +6.2% | +21.5% | +15.5% | +19.9% | +6.1% | +5.3% | -1.2% | |
| Operating Margin | 12.3% | 11.5% | 11.2% | 12.0% | 13.4% | 12.5% | 9.6% | 12.3% | 11.5% | 10.4% | 9.1% | -8.6% | 8.6% |
| — | -7.5% | +16.1% | -2.8% | +16.8% | +19.6% | +6.3% | +243.7% | +33.3% | +45.7% | +26.5% | -210.0% | +14.5% | |
| Net Margin | 8.5% | 7.5% | 8.0% | 8.2% | 9.2% | 8.6% | 6.5% | 8.7% | 7.8% | 7.1% | 5.8% | -10.2% | 5.4% |
| — | -12.8% | +22.4% | -5.5% | +18.0% | +19.7% | +13.1% | +185.4% | +44.5% | +63.1% | +20.2% | -326.6% | +13.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.9% | 6.5% | 6.8% | 7.6% | 8.7% | 8.3% | 6.2% | 7.9% | 7.3% | 6.6% | 5.4% | -9.0% | 4.5% |
| — | -21.0% | +8.6% | -4.2% | +18.9% | +25.0% | +15.0% | +188.0% | +60.7% | +80.3% | +29.9% | -327.9% | +7.1% | |
| ROA | 10.9% | 2.3% | 2.5% | 2.7% | 2.9% | 2.8% | 2.1% | 2.8% | 2.5% | 2.2% | 1.8% | -3.1% | 1.6% |
| — | -17.7% | +15.4% | -2.3% | +16.8% | +24.0% | +19.4% | +189.6% | +58.2% | +80.1% | +33.0% | -348.2% | +19.9% | |
| ROIC | 17.1% | 3.6% | 3.7% | 4.3% | 4.6% | 4.4% | 3.6% | 4.4% | 4.0% | 3.6% | 3.1% | -2.7% | 2.6% |
| — | -18.7% | +3.2% | -3.1% | +14.0% | +24.4% | +16.0% | +262.0% | +57.5% | +69.6% | +43.4% | -219.6% | +19.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Leidos Holdings, Inc.'s Debt/EBITDA ratio is 13.1x, up from 10.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 9.1% YoY to 1.40x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.19 | 1.37 | 1.19 | 1.06 | 1.21 | 1.33 | 1.19 | 1.10 | 1.14 | 1.20 | 1.22 | 1.24 | 1.17 |
| — | +2.8% | +0.7% | -4.2% | +5.8% | +11.1% | -2.8% | -11.2% | -2.1% | -4.0% | -3.2% | -8.2% | -18.0% | |
| Debt / EBITDA | 2.46 | 13.05 | 10.66 | 8.59 | 8.87 | 9.58 | 10.58 | 8.76 | 9.45 | 10.69 | 11.71 | — | 13.11 |
| — | +36.3% | +0.8% | -1.9% | -6.2% | -10.4% | -9.6% | — | -27.9% | -33.5% | -25.6% | — | -19.8% | |
| Current Ratio | 1.70 | 1.40 | 1.70 | 1.62 | 1.62 | 1.54 | 1.21 | 1.23 | 1.21 | 1.35 | 1.34 | 1.31 | 1.25 |
| — | -9.1% | +40.5% | +31.7% | +34.4% | +14.2% | -9.5% | -6.0% | -3.7% | +16.1% | +45.1% | +41.5% | +38.8% | |
| Quick Ratio | 1.58 | 1.29 | 1.58 | 1.50 | 1.50 | 1.42 | 1.13 | 1.15 | 1.11 | 1.24 | 1.24 | 1.22 | 1.14 |
| — | -9.1% | +40.5% | +30.9% | +34.8% | +14.2% | -8.9% | -5.6% | -2.8% | +16.7% | +45.3% | +41.6% | +37.9% | |
| Interest Coverage | 10.38 | 9.67 | 9.82 | 10.49 | 10.42 | 10.76 | 8.98 | 11.22 | 9.35 | 8.51 | 7.33 | -6.32 | 5.89 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying LDOS stock.
Leidos Holdings, Inc.'s current P/E is 9.4x. The average P/E over the last 4 quarters is 16.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Leidos Holdings, Inc.'s current operating margin is 12.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Leidos Holdings, Inc.'s business trajectory between earnings reports.