L

Leidos Holdings, Inc.

LDOS · CIK 0001336920

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$17.11B3.2%
FY2025
Net income (FY)
$1.45B15.5%
FY2025
Free cash flow (FY)
$1.63B26.4%
FY2025
Diluted EPS (FY)
$11.1420.8%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2008 · Revenue $10.07B · Net income $452.0M · 0001193125-11-078283 · filed 2011-03-25FY08Revenue $10.07BNet income $452.0M0001193125-11-078283 · filed 2011-03-25FY2009 · Revenue $10.58B · Net income $496.0M · 0001193125-12-133697 · filed 2012-03-27FY09Revenue $10.58BNet income $496.0M0001193125-12-133697 · filed 2012-03-27FY2010 · Revenue $10.80B · Net income $619.0M · 0001193125-13-127240 · filed 2013-03-27FY10Revenue $10.80BNet income $619.0M0001193125-13-127240 · filed 2013-03-27FY2011 · Revenue $5.84B · Net income $59.0M · 0001336920-14-000007 · filed 2014-03-27FY11Revenue $5.84BNet income $59.0M0001336920-14-000007 · filed 2014-03-27FY2012 · Revenue $6.45B · Net income $525.0M · 0001336920-15-000010 · filed 2015-03-25FY12Revenue $6.45BNet income $525.0M0001336920-15-000010 · filed 2015-03-25FY2013 · Revenue $5.75B · Net income $164.0M · 0001336920-15-000010 · filed 2015-03-25FY13Revenue $5.75BNet income $164.0M0001336920-15-000010 · filed 2015-03-25FY2014 · Revenue $4.69B · Net income −$334.0M · 0001336920-17-000014 · filed 2017-02-24FY14Revenue $4.69BNet income −$334.0M0001336920-17-000014 · filed 2017-02-24FY2015 · Revenue $4.71B · Net income $242.0M · 0001336920-18-000008 · filed 2018-02-23FY15Revenue $4.71BNet income $242.0M0001336920-18-000008 · filed 2018-02-23FY2016 · Revenue $7.04B · Net income $244.0M · 0001336920-19-000004 · filed 2019-02-19FY16Revenue $7.04BNet income $244.0M0001336920-19-000004 · filed 2019-02-19FY2017 · Revenue $10.17B · Net income $366.0M · 0001336920-19-000004 · filed 2019-02-19 · 0001336920-20-000023 · filed 2020-02-18FY17Revenue $10.17BNet income $366.0M0001336920-19-000004 · filed 2019-02-19 · 0001336920-20-000023 · filed 2020-02-18FY2018 · Revenue $10.19B · Net income $581.0M · 0001336920-21-000010 · filed 2021-02-23FY18Revenue $10.19BNet income $581.0M0001336920-21-000010 · filed 2021-02-23FY2019 · Revenue $10.98B · Net income $667.0M · 0001336920-22-000007 · filed 2022-02-15FY19Revenue $10.98BNet income $667.0M0001336920-22-000007 · filed 2022-02-15FY2020 · Revenue $12.20B · Net income $628.0M · 0001336920-23-000015 · filed 2023-02-14FY20Revenue $12.20BNet income $628.0M0001336920-23-000015 · filed 2023-02-14FY2021 · Revenue $13.62B · Net income $753.0M · 0001336920-24-000008 · filed 2024-02-13FY21Revenue $13.62BNet income $753.0M0001336920-24-000008 · filed 2024-02-13FY2022 · Revenue $14.29B · Net income $685.0M · 0001336920-25-000006 · filed 2025-02-11FY22Revenue $14.29BNet income $685.0M0001336920-25-000006 · filed 2025-02-11FY2023 · Revenue $15.34B · Net income $199.0M · 0001336920-26-000030 · filed 2026-02-17FY23Revenue $15.34BNet income $199.0M0001336920-26-000030 · filed 2026-02-17FY2024 · Revenue $16.58B · Net income $1.25B · 0001336920-26-000030 · filed 2026-02-17FY24Revenue $16.58BNet income $1.25B0001336920-26-000030 · filed 2026-02-17FY2025 · Revenue $17.11B · Net income $1.45B · 0001336920-26-000030 · filed 2026-02-17FY25Revenue $17.11BNet income $1.45B0001336920-26-000030 · filed 2026-02-17FY25Revenue $17.11BNet income $1.45B0001336920-26-000030 · filed 2026-02-17FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 1.7× since FY2008 · net margin 4.5% → 8.5%

MarginsNet marginFCF margin
0%10%FY2008 · Net margin 4.5% · FCF margin 5.2%FY08Net margin 4.5%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 4.7% · FCF margin 5.0%FY09Net margin 4.7%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.7% · FCF margin 6.0%FY10Net margin 5.7%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.0% · FCF margin 12.3%FY11Net margin 1.0%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 8.1% · FCF margin -0.2%FY12Net margin 8.1%FCF margin -0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 2.8% · FCF margin 2.4%FY13Net margin 2.8%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin -7.1% · FCF margin 7.6%FY14Net margin -7.1%FCF margin 7.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 5.1% · FCF margin 7.5%FY15Net margin 5.1%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.5% · FCF margin 6.0%FY16Net margin 3.5%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 3.6% · FCF margin 4.4%FY17Net margin 3.6%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 5.7% · FCF margin 6.8%FY18Net margin 5.7%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 6.1% · FCF margin 7.9%FY19Net margin 6.1%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 5.1% · FCF margin 9.4%FY20Net margin 5.1%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 5.5% · FCF margin 6.8%FY21Net margin 5.5%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 4.8% · FCF margin 6.0%FY22Net margin 4.8%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 1.3% · FCF margin 6.4%FY23Net margin 1.3%FCF margin 6.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.6% · FCF margin 7.8%FY24Net margin 7.6%FCF margin 7.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 8.5% · FCF margin 9.5%FY25Net margin 8.5%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 8.5%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 8.5% · free cash flow 9.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$1BFY2008 · OCF $583.0M · FCF $524.0M · 0001193125-11-078283 · filed 2011-03-25FY08OCF $583.0MFCF $524.0M0001193125-11-078283 · filed 2011-03-25FY2009 · OCF $588.0M · FCF $530.0M · 0001193125-12-133697 · filed 2012-03-27FY09OCF $588.0MFCF $530.0M0001193125-12-133697 · filed 2012-03-27FY2010 · OCF $725.0M · FCF $652.0M · 0001193125-12-133697 · filed 2012-03-27FY10OCF $725.0MFCF $652.0M0001193125-12-133697 · filed 2012-03-27FY2011 · OCF $772.0M · FCF $716.0M · 0001193125-12-133697 · filed 2012-03-27FY11OCF $772.0MFCF $716.0M0001193125-12-133697 · filed 2012-03-27FY2012 · OCF $24.0M · FCF −$15.0M · 0001336920-15-000010 · filed 2015-03-25FY12OCF $24.0MFCF −$15.0M0001336920-15-000010 · filed 2015-03-25FY2013 · OCF $191.0M · FCF $138.0M · 0001336920-15-000010 · filed 2015-03-25FY13OCF $191.0MFCF $138.0M0001336920-15-000010 · filed 2015-03-25FY2014 · OCF $385.0M · FCF $356.0M · 0001336920-17-000014 · filed 2017-02-24FY14OCF $385.0MFCF $356.0M0001336920-17-000014 · filed 2017-02-24FY2015 · OCF $382.0M · FCF $355.0M · 0001336920-18-000008 · filed 2018-02-23FY15OCF $382.0MFCF $355.0M0001336920-18-000008 · filed 2018-02-23FY2016 · OCF $449.0M · FCF $420.0M · 0001336920-19-000004 · filed 2019-02-19FY16OCF $449.0MFCF $420.0M0001336920-19-000004 · filed 2019-02-19FY2017 · OCF $526.0M · FCF $445.0M · 0001336920-20-000023 · filed 2020-02-18FY17OCF $526.0MFCF $445.0M0001336920-20-000023 · filed 2020-02-18FY2018 · OCF $768.0M · FCF $695.0M · 0001336920-21-000010 · filed 2021-02-23FY18OCF $768.0MFCF $695.0M0001336920-21-000010 · filed 2021-02-23FY2019 · OCF $992.0M · FCF $871.0M · 0001336920-22-000007 · filed 2022-02-15FY19OCF $992.0MFCF $871.0M0001336920-22-000007 · filed 2022-02-15FY2020 · OCF $1.33B · FCF $1.15B · 0001336920-23-000015 · filed 2023-02-14FY20OCF $1.33BFCF $1.15B0001336920-23-000015 · filed 2023-02-14FY2021 · OCF $1.03B · FCF $929.0M · 0001336920-24-000008 · filed 2024-02-13FY21OCF $1.03BFCF $929.0M0001336920-24-000008 · filed 2024-02-13FY2022 · OCF $992.0M · FCF $863.0M · 0001336920-25-000006 · filed 2025-02-11FY22OCF $992.0MFCF $863.0M0001336920-25-000006 · filed 2025-02-11FY2023 · OCF $1.19B · FCF $980.0M · 0001336920-26-000030 · filed 2026-02-17FY23OCF $1.19BFCF $980.0M0001336920-26-000030 · filed 2026-02-17FY2024 · OCF $1.44B · FCF $1.29B · 0001336920-26-000030 · filed 2026-02-17FY24OCF $1.44BFCF $1.29B0001336920-26-000030 · filed 2026-02-17FY2025 · OCF $1.75B · FCF $1.63B · 0001336920-26-000030 · filed 2026-02-17FY25OCF $1.75BFCF $1.63B0001336920-26-000030 · filed 2026-02-17FY25OCF $1.75BFCF $1.63B0001336920-26-000030 · filed 2026-02-17’09’13’17’21’25

FY2025: $1.75B operating cash − $125.0M capex = $1.63B free cash flow

Returns on capitalReturn on equityReturn on assets
-20%0%20%FY2009 · ROE 21.6% · ROA 9.4%FY09ROE 21.6%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 24.8% · ROA 9.9%FY10ROE 24.8%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 2.7% · ROA 0.9%FY11ROE 2.7%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 20.1% · ROA 8.9%FY12ROE 20.1%ROA 8.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 10.3% · ROA 3.9%FY13ROE 10.3%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -33.5% · ROA -10.2%FY14ROE -33.5%ROA -10.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 22.7% · ROA 7.2%FY15ROE 22.7%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 7.8% · ROA 2.7%FY16ROE 7.8%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 10.9% · ROA 4.1%FY17ROE 10.9%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 17.6% · ROA 6.6%FY18ROE 17.6%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 19.5% · ROA 7.1%FY19ROE 19.5%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 16.3% · ROA 5.0%FY20ROE 16.3%ROA 5.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.5% · ROA 5.7%FY21ROE 17.5%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 15.9% · ROA 5.2%FY22ROE 15.9%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 4.7% · ROA 1.6%FY23ROE 4.7%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 28.4% · ROA 9.6%FY24ROE 28.4%ROA 9.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 29.5% · ROA 10.7%FY25ROE 29.5%ROA 10.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 29.5%ROA 10.7%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 22% (FY2009) → 29% (FY2025) · on assets 10.7%

Balance sheetLiabilitiesEquity
$0$5B$10BFY2020 · Liabilities $8.64B · Equity $3.86BFY20Liabilities $8.64BEquity $3.86B0001336920-22-000007 · filed 2022-02-15FY2021 · Liabilities $8.92B · Equity $4.29BFY21Liabilities $8.92BEquity $4.29B0001336920-23-000015 · filed 2023-02-14FY2022 · Liabilities $8.72B · Equity $4.30BFY22Liabilities $8.72BEquity $4.30B0001336920-24-000008 · filed 2024-02-13FY2023 · Liabilities $8.44B · Equity $4.20BFY23Liabilities $8.44BEquity $4.20B0001336920-25-000006 · filed 2025-02-11FY2024 · Liabilities $8.55B · Equity $4.41BFY24Liabilities $8.55BEquity $4.41B0001336920-26-000030 · filed 2026-02-17FY2025 · Liabilities $8.53B · Equity $4.92BFY25Liabilities $8.53BEquity $4.92B0001336920-26-000030 · filed 2026-02-17FY25Liabilities $8.53BEquity $4.92B0001336920-26-000030 · filed 2026-02-17’21’23’25

FY2025: $13.49B assets · $8.53B liabilities · $4.92B equity

The receipts