Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Leidos

LDOS stock analysis · Industrials · Diversified Support Services

FY 2026-01-02ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$102.97HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$13B

Price × SEC outstanding shares. Shares measured 2026-04-28. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$196.22

Equity cash-flow scenario · SEC outstanding shares at 2026-04-28 · 90.6% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-9.7%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

254.2%

76 sector peers · median 31.7×

How this is calculated ↗
Valuation

Historical multiples

19.8×

7 annual observations · snapshot P/E 8.9× · -54.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

12.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

19.9%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

97/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

3.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-2.2%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

2.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.8B2021-01-01: cfo $1,334,000,000.002021-01-01: capex $183,000,000.0020212021-12-31: cfo $1,033,000,000.002021-12-31: capex $104,000,000.0020212022-12-30: cfo $992,000,000.002022-12-30: capex $129,000,000.0020222023-12-29: cfo $1,187,000,000.002023-12-29: capex $207,000,000.0020232025-01-03: cfo $1,435,000,000.002025-01-03: capex $149,000,000.0020252026-01-02: cfo $1,750,000,000.002026-01-02: capex $125,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$246.11$268.53$292.64
10.0%$180.35$196.22$213.26
12.0%$142.28$154.39$167.37

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-01-0217.1B1.5B1.8B125M13.5B
2025-01-0316.6B1.3B1.4B149M13B
2023-12-2915.3B208M1.2B207M12.7B
2022-12-3014.3B693M992M129M13.1B
2021-12-3113.6B759M1B104M13.3B
2021-01-0112.2B629M1.3B183M12.5B
2020-01-0311B670M992M121M9.4B
2018-12-2810.2B582M768M73M8.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue17.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-17
netIncome1.5BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-17
Parent/common earnings proxy1.4BNetIncomeLoss2026-02-17
cfo1.8BNetCashProvidedByUsedInOperatingActivities2026-02-17
capex125MPaymentsToAcquireProductiveAssets2026-02-17
operatingIncome2.1BOperatingIncomeLoss2026-02-17
assets13.5BAssets2026-02-17
equity5BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-17
Parent book equity proxy4.9BStockholdersEquity2026-02-17
debt4.6BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-17
shortDebtNot reported under a supported tag
cash1.1BCashAndCashEquivalentsAtCarryingValue2026-02-17
shares130MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-17
dividendsNot reported under a supported tag
buybacks400MPaymentsForRepurchaseOfCommonStock2026-02-17
issuanceNot reported under a supported tag