15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $17.1B | $1.4B | 17.7% | 12.3% | $1.6B | $4.6B | $1.1B |
| 2025 | $16.6B | $1.3B | 16.4% | 11.0% | $1.3B | $4.7B | $849M |
| 2023 | $15.3B | $199M | 14.0% | 4.0% | $980M | $4.7B | $641M |
| 2022 | $14.3B | $685M | 13.8% | 7.6% | $863M | $4.9B | $516M |
| 2021 | $13.6B | $753M | 13.9% | 8.5% | $929M | $5.1B | $727M |
| 2021 | $12.2B | $628M | 13.4% | 8.2% | $1.2B | — | $524M |
| 2020 | $11.0B | $667M | 13.0% | 8.3% | $871M | — | $668M |
| 2018 | $10.2B | $581M | 14.8% | 7.3% | $695M | — | $327M |
| 2017 | $10.2B | $366M | 14.1% | 5.5% | — | — | $390M |
| 2016 | $7.0B | $244M | 13.3% | 5.9% | — | — | $376M |
| 2016 | — | $242M | — | — | — | — | $656M |
| 2015 | — | -$323M | — | — | — | $1.2B | $443M |
| 2015 | — | -$334M | — | — | — | — | $459M |
| 2014 | — | $164M | — | — | — | $1.3B | $430M |
| 2013 | — | $525M | — | — | — | $1.3B | $735M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Apr '26 | $4.4B | $328M | 17.0% | 11.6% | $270M | $6.0B | $457M |
| Jan '26 | $4.2B | $327M | 17.4% | 11.3% | $452M | $4.6B | $1.1B |
| Oct '25 | $4.4B | $367M | 18.0% | 12.0% | $680M | — | $974M |
| Jul '25 | $4.2B | $391M | 18.0% | 13.5% | $457M | — | $930M |
| Apr '25 | $4.2B | $363M | 17.5% | 12.5% | $36M | $5.1B | $842M |
| Jan '25 | $4.3B | $284M | 15.6% | 9.7% | $208M | $4.7B | $849M |
| Sep '24 | $4.2B | $364M | 17.8% | 12.4% | $624M | — | $1.1B |
| Jun '24 | $4.1B | $322M | 16.6% | 11.6% | $358M | — | $744M |
| Mar '24 | $4.0B | $284M | 15.5% | 10.5% | $96M | — | $547M |
| Dec '23 | $4.0B | $229M | 14.3% | 9.1% | $226M | $4.7B | $641M |
| Sep '23 | $3.9B | -$399M | 14.4% | -8.6% | $745M | $4.7B | $750M |
| Jun '23 | $3.8B | $207M | 14.2% | 8.7% | $124M | $4.9B | $329M |
| Mar '23 | $3.7B | $162M | 12.9% | 7.2% | -$137M | $5.0B | $379M |
| Dec '22 | $3.7B | $177M | 13.3% | 7.2% | $72M | $4.9B | $516M |
| Sep '22 | $3.6B | $162M | 13.5% | 7.9% | $702M | — | $807M |
| Jul '22 | $3.6B | $171M | 14.2% | 7.6% | $24M | — | $339M |
| Apr '22 | $3.5B | $175M | 14.3% | 7.8% | $65M | — | $297M |
| Dec '21 | $3.5B | $174M | 13.8% | 7.8% | $177M | $5.1B | $727M |
| Oct '21 | $3.4B | $205M | 14.7% | 8.8% | $541M | — | $587M |
| Jul '21 | $3.4B | $169M | 13.7% | 7.9% | -$4M | — | $338M |
How the market has priced LDOS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Leidos's revenue has grown 7.0% per year, and net income grown 18.2% per year. These are computed facts, not advice.
As of FY2026, Leidos reported $4.6B of total debt against $1.1B of cash.
In FY2026, gross margin was 17.7%, operating margin 12.3%, and net margin 8.5%.
As of Jun '26, Leidos traded at a price-to-earnings ratio of about 8.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.