Is Leidos (LDOS) overvalued or fairly valued?

MarketChacha shows Leidos's valuation in context — a trailing P/E of about 11.9, a forward P/E of about 10.4, a price-to-book of about 3.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Leidos's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.51×) from reported figures — education, not a rating.

What is Leidos's revenue?

Leidos reported revenue of $17.1B for FY2026, with net profit of $1.4B, per official filings.

What is the share price of Leidos (LDOS)?

Leidos last traded at $133.05 (+0.5% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Leidos

LDOS · NYSE · Industrials · United States

Snapshot

TickerLDOS

ExchangeNYSE

SectorIndustrials

IndustryInformation Technology Services

CountryUnited States

Employees50,000

HeadquartersReston, United States

Websitewww.leidos.com

Filings tracked16

About Leidos

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.

Who owns it

Insiders0.6%
Institutions84.8%
Public & other14.6%

1,110 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.93%
Vanguard Capital Management LLC6.55%
State Street Corporation5.00%
Vanguard Portfolio Management LLC4.28%
JPMORGAN CHASE & CO3.05%
Geode Capital Management, LLC2.93%
Invesco Ltd.2.50%
First Trust Advisors LP2.21%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.51×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.3% → 8.5%

Margin has expanded by about 7.2 points — the business is getting more profitable.

Return on equity29.5%

Latest ROE of 29.5% — capital is generating a healthy return.

Growth qualityrev 6% · PAT 170%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.7B · EPS 3.00

Est. earnings growth +8.6%

Next fiscal year

Rev $19.2B · EPS 12.78

Est. earnings growth +3.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$17.1B

Net margin

8.5%

ROE

29.5%

Revenue CAGR (2y)

+5.6%

Profit CAGR (2y)

+169.7%

EPS (FY2026)

11.14

Net profit (FY2026)

$1.4B

Ask MarketChacha about LDOS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$17.1B	$1.4B	11.14	8.5%	29.5%
FY2025	$16.6B	$1.3B	9.22	7.6%	28.4%
FY2023	$15.3B	$199.0M	1.44	1.3%	4.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q3	$4.5B	$354.0M	2.81	7.8%
2026Q2	$4.4B	$328.0M	2.56	7.5%
2025Q4	$4.4B	$367.0M	2.82	8.2%
2025Q3	$4.2B	$391.0M	3.01	9.2%
2025Q2	$4.2B	$363.0M	2.77	8.6%
2024Q3	$4.2B	$364.0M	2.68	8.7%
2024Q2	$4.1B	$322.0M	2.37	7.8%
2024Q1	$4.0B	$284.0M	2.07	7.2%
2023Q3	$3.9B	$-399.0M	-2.91	-10.2%
2023Q2	$3.8B	$207.0M	1.50	5.4%
2023Q1	$3.7B	$162.0M	1.17	4.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/6/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
10-Q filing
SEC5/5/2026
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC4/15/2026material
8-K — Completion of acquisition/disposition, Reg FD disclosure, Exhibits
SEC3/30/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC3/3/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/17/2026material
10-K filing
SEC2/17/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/17/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC1/26/2026material

2025

8-K — Results of operations, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
8-K — Results of operations, Exhibits
SEC8/5/2025material
10-Q filing
SEC8/5/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.