Leidos Holdings, Inc. (LDOS) Stock

Leidos Holdings, Inc. (LDOS) is a Technology stock trading at $141.52 (as of 2026-08-21), with a market capitalization of $17.76B and a trailing P/E of 12.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions for defense, intelligence, civil, and health markets in the United States and internationally. It operates through Defense Solutions, Civil, and Health segments, serving U.S. and allied government customers and related industries.

Understand Leidos Holdings, Inc.: how it makes money

Leidos provides defense, intelligence, civil, and health services and solutions for U.S. and international government customers, and it makes money by delivering contracted programs and systems under those agency contracts.

As a services contractor, Leidos' profit engine depends on converting its bid and pipeline activity into booked awards, then executing them, where the fixed-price portfolio mix (43%) can amplify the impact of delivery and cost risk on margins.

Revenue by segment (latest quarter)
Defense$3.0B
Civil$0.9B
Health$0.7B

Business quality (Mixed): Clear business model (program-based contracting) and multiple execution and pipeline KPIs. Segment revenue inputs show possible defense-related overlap (two defense-labeled candidates), so the defense segment total is treated as the sum of the provided defense-labeled values to align near the reported total revenue.

Valuation: At 10× earnings, LDOS trades 69% below the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Large near-term opportunities pipeline (69.0 USD_B), which can support future contract demand: Pipeline strength is an indicator of continued bidding and potential award conversion.
  • Execution progress in at least one program is high, with Digital Integration and Deployment Program Deployment Percentage at 91%: Strong deployment suggests the company can deliver and perform against contracted requirements.

Bear case

  • Book-to-bill ratio is below 1 (0.8): That can indicate awards are not keeping pace with revenue generation in the near term.
  • The fixed-price portfolio mix is 43%: Fixed-price exposure can increase downside risk if delivery costs or execution conditions differ from expectations.
  • Days Sales Outstanding is 59: This points to a longer receivables collection cycle, which can pressure cash flow timing.
Valuation — source: SEC EDGAR (first-party)
Price$141.52
Market Cap$17.76B
P/E Ratio12.8
EV / EBITDA6.6
Price / Book3.33
Price / Sales1.00
FCF Yield15.5%
DCF Value (model)$231.80
DCF Upside vs Price63.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.17B
Net Margin8.4%
Revenue Growth (YoY)3.1%
EPS Growth (YoY)20.8%
FCF Growth (YoY)30.7%
Financial Health — source: SEC EDGAR
Altman Z-Score3.71 (safe)
Piotroski F-Score9/9 (strong)
Valuation vs Sector & Industry
Stock P/E12.8
Sector P/E (Technology)33.9
Industry P/E (Computers)31.5
vs Sector-62.1%
vs Industry-59.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.70B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryComputers
CEOThomas A. Bell
Employees47,000
CountryUS
IPO Date2006-10-17

Related Companies (Business model: Defense & Aerospace Prime (Defense Primes + Commercial Aerospace OEMs) + IT Services / Consulting and Managed Services; 8 closest by market cap; US-domiciled)

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LDOS earnings history · LDOS institutional & insider holders · LDOS KPIs & operating metrics · LDOS financials · LDOS investor presentations & press releases · LDOS SEC filings · LDOS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.