LDOSLeidos Holdings, Inc.
Services-Computer Integrated Systems Design
- Revenue
- $17.1B
- 3.2% YoY
- Operating margin
- 12.3%
- 12% YoY
- EBITDA
- $2.4B
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.2×
- $5.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear121% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear23% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired49% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $14.3B | $15.3B | $16.6B | $17.1B | 3.2% |
| Operating income | $1.1B | $621M | $1.8B | $2.1B | 15% |
| Net income | $685M | $199M | $1.3B | $1.4B | 15% |
| Operating cash flow | $992M | $1.2B | $1.4B | $1.8B | 22% |
| Capex | $129M | $207M | $149M | $125M | 16% |
| Stock-based comp | $73M | $77M | $85M | $95M | 12% |
| Buybacks | $0 | $225M | $850M | $400M | 53% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.