Leidos (LDOS) stock
Industrials · Diversified Support Services
Leidos (LDOS) is a Diversified Support Services company in the Industrials sector, headquartered in Reston, Virginia. As of October 23, 2026, LDOS closed at $136.08, a market capitalization of $17.08 billion, the 431st largest company in the S&P 500. Over the last twelve months it generated $17.63 billion in revenue (+7% year over year) and $2.16 billion in free cash flow. The stock trades at 12.7x trailing earnings and 10.8x forward earnings.
- 1-year total return: -28.1% (dividends reinvested)
- 5-year return: +7.3% a year
- 52-week range: $98.86 – $205.77
- Gross margin 17.8%, operating margin 11.7%
- Dividend yield: 1.26%, 7 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 69th largest of 83 Industrials stocks in the S&P 500
LDOS price chart
1Y price change: -28.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| LDOS | +9.1% | -23.9% | -28.1% | +15.3% | +7.3% | +14.2% | +9.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2006.
LDOS key statistics
- Market cap
- $17.1B
- #431 in S&P 500
- P/E (TTM)
- 12.7x
- Forward P/E
- 10.8x
- EPS (TTM)
- $10.71
- Revenue (TTM)
- $17.6B
- +7%
- Free cash flow
- $2.2B
- Gross margin
- 17.8%
- Operating margin
- 11.7%
- Return on equity
- 27.8%
- Dividend yield
- 1.26%
- 52-week range
- $98.86 – $205.77
- Beta
- 0.59
- Price / sales
- 1.0x
- EV / EBITDA
- 9.6x
- Debt / equity
- 1.23x
- Employees
- 50,000
LDOS report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.2%C
- Gross margin17.8%D
- Operating margin11.7%C
- FCF margin12.3%C
- Return on equity27.8%A
- Net debt / EBITDA2.4xD
- Forward P/E10.8xA
- PEG ratio2.5xD
- Shareholder yield3.6%B
- Share count change / yr-2.2%A
Leidos financials
Revenue went from $5.1B in fiscal 2015 to $17.1B in fiscal 2026, growing 11.7% a year.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1B | $7.0B | $10.2B | $10.2B | $11.0B | $13.6B | $14.3B | $15.3B | $16.6B | $17.1B |
| Gross profit | $671.0M | $940.0M | $1.4B | $1.5B | $1.4B | $1.9B | $2.0B | $2.1B | $2.7B | $3.0B |
| Operating income | -$214.0M | $417.0M | $559.0M | $749.0M | $912.0M | $1.2B | $1.1B | $621.0M | $1.8B | $2.1B |
| Net income | -$323.0M | $244.0M | $366.0M | $581.0M | $667.0M | $753.0M | $685.0M | $199.0M | $1.3B | $1.4B |
| EPS (diluted) | $-4.36 | $2.35 | $2.38 | $3.80 | $4.60 | $5.27 | $4.96 | $1.44 | $9.22 | $11.14 |
| Free cash flow | — | — | $445.0M | $695.0M | $871.0M | $929.0M | $863.0M | $980.0M | $1.3B | $1.6B |
| Buybacks | — | $0 | $0 | $167.0M | $25.0M | $237.0M | $0 | $225.0M | $850.0M | $400.0M |
| Dividends paid | $0 | $993.0M | $0 | $0 | — | — | — | — | — | — |
| Diluted shares | 74.0M | 104.0M | 154.0M | 153.0M | 145.0M | 143.0M | 138.0M | 138.0M | 136.0M | 130.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into LDOS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $22.9B and $2.2B of trailing free cash flow, Leidos needs to grow free cash flow about -4.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 13.3% a year over the last five years.
P/E ratio history
Current 12.2x vs. median 19.8x (10th–90th percentile 8.9x–43.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
LDOS dividend
- Dividend yield
- 1.26%
- Annual dividend
- $1.72
- Years of increases
- 7
- 5-yr dividend growth
- 3.7%
- per year
- Payout ratio
- 16%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
LDOS analyst price targets
15 analysts' average 12-month target is $151.73 (+12% vs. $136.08). Targets range from $127.00 to $225.00. 35% rate it a buy.
LDOS earnings
Next report: November 3, 2026. Leidos has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $4.6B (+7% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 4, 2026 | $2.91 | $3.26 | +12.1% |
| May 5, 2026 | $2.91 | $3.13 | +7.6% |
| Feb 17, 2026 | $2.61 | $2.76 | +5.9% |
| Nov 4, 2025 | $2.72 | $3.05 | +12.3% |
| Aug 5, 2025 | $2.66 | $3.21 | +20.8% |
| May 6, 2025 | $2.50 | $2.97 | +18.7% |
| Feb 11, 2025 | $2.27 | $2.37 | +4.5% |
| Oct 29, 2024 | $2.02 | $2.93 | +45.3% |
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LDOS news
- AUSA: Leidos Defense President Cindy Gruensfelder · Oct 22, 2026
- Leidos bringing AI advances to Pentagon logistics system · Oct 22, 2026
- Leidos Holdings, Inc. (LDOS) Is a Trending Stock: Facts to Know Before Betting on It · Oct 22, 2026
- U.S. Cyber Command selects Leidos for full-spectrum cyber operations · Oct 21, 2026
- Leidos (LDOS) Rises Higher Than Market: Key Facts · Oct 20, 2026
LDOS stock FAQ
What is LDOS's market cap?
Leidos's market capitalization is $17.08 billion as of October 23, 2026, ranking 431st in the S&P 500.
What is LDOS's P/E ratio?
LDOS trades at a trailing price-to-earnings ratio of 12.7x and a forward P/E of 10.8x. Its median P/E over the period we track is 19.8x.
Does LDOS pay a dividend?
Yes. Leidos pays $1.72 per share a year, a 1.26% yield. It has raised its dividend 7 years in a row. Dividends grew 3.7% a year over the last five years.
How much has LDOS stock returned?
Including reinvested dividends, LDOS returned -28.1% over one year, +7.3% a year over five years, +14.2% a year over ten years through October 23, 2026.
Is LDOS stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Leidos must grow free cash flow about -5% a year for the next decade. Its free cash flow grew 13% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the LDOS price target?
15 analysts cover LDOS with an average 12-month price target of $151.73, +12% from the current price. 35% of them rate it a buy.
When does LDOS report earnings?
Leidos is expected to report earnings on November 3, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Leidos have?
Leidos has about 50,000 full-time employees, or $352,680 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology