Leidos (LDOS): financials, SEC filings and peers
Leidos (LDOS) is a diversified support services company in the Industrials sector of the S&P 500, headquartered in Reston, Virginia.
It was founded in 1969 and joined the S&P 500 on August 9, 2019.
Its fiscal year ends in January, and its shares trade on the NYSE.
In its SEC filings it is classified as “Services-Computer Integrated Systems Design”.
Leidos at a glance
- Revenue (12 months)
- $17.6B
- Revenue growth
- +3.4%
- Operating margin
- 11.5%
- Net income (12 months)
- $1.4B
- Free cash flow (12 months)
- $2.2B
- Cash
- $748M
- Debt
- $6.0B
- Diluted EPS (12 months)
- $10.71
Twelve months to July 3, 2026, from the 10-Q filed August 4, 2026.
Latest twelve months
Over the twelve months to July 3, 2026, Leidos reported revenue of $17.6 billion, about the same as a year earlier (+3.4%).
Its operating margin was 11.5%: for every $100 of sales, about $12 was left as operating profit.
Net income was $1.4 billion (7.8% of revenue), 1.9% lower than a year earlier.
Operating cash flow was $2.3 billion and capital spending $137 million, leaving free cash flow of $2.2 billion (12.3% of revenue).
At the end of the period it held $748 million in cash and $6.0 billion in debt, a net debt position of $5.3 billion.
The diluted share count fell 3.1% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $12.3 billion in fiscal 2021 to $17.2 billion in fiscal 2026, about 6.9% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 8.1% to 12.3% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $13.7B | $14.4B | $15.4B | $16.7B | $17.2B |
| Revenue growth | 11.7% | 4.8% | 7.2% | 7.9% | 3.1% |
| Operating margin | 8.4% | 7.6% | 4.0% | 11.0% | 12.3% |
| Net income | $753M | $685M | $199M | $1.3B | $1.4B |
| Free cash flow | $929M | $863M | $980M | $1.3B | $1.6B |
| Diluted EPS | $5.27 | $4.96 | $1.44 | $9.22 | $11.14 |
Fiscal years as reported in Leidos’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed August 4, 2026 — Earnings results
- 8-K filed May 6, 2026 — Executive or director change; Shareholder vote results
- 10-Q filed May 5, 2026 — quarterly report
- 8-K filed May 5, 2026 — Earnings results
- 8-K filed April 15, 2026 — Material agreement; Regulation FD disclosure
- 8-K filed March 30, 2026 — Acquisition or sale of assets; Regulation FD disclosure
- 8-K filed March 3, 2026 — Material agreement; New debt obligation
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Questions about Leidos
Is Leidos's revenue growing?
Yes. Revenue for the twelve months to July 3, 2026 was $17.6 billion, up 3.4% from a year earlier, according to its SEC filings.
Is Leidos profitable?
Yes. It earned $1.4 billion in net income over the twelve months to July 3, 2026, a net margin of 7.8%.
Does Leidos have more cash or more debt?
At July 3, 2026 it had $748 million in cash and $6.0 billion in debt, so more debt than cash.
When did Leidos last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 4, 2026.
Which companies are similar to Leidos?
In the S&P 500, Leidos is grouped in Diversified Support Services within the Industrials sector. Copart (CPRT), Cintas (CTAS) are in the same group.
Understand the numbers
Source: Leidos’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.