Leidos (LDOS) is trading up at $120.59 (+0.74%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
Current price targets from 2 firms average $139, ranging from $135 to $142 — 15% above the current $121. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Jan 2020 | FY2020Jan 2021 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Jan 2025 | FY2025Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.04B | $10.2B | $10.2B | $11.1B | $12.3B | $13.7B | $14.4B | $15.4B | $16.7B | $17.2B |
| Growth (year over year) | +39.1% | +44.4% | +0.2% | +8.8% | +10.8% | +11.7% | +4.8% | +7.2% | +7.9% | +3.1% |
| Gross profit | $940.0M | $1.43B | $1.50B | $1.55B | $1.74B | $2.01B | $2.08B | $2.24B | $2.80B | $3.10B |
| Gross margin | 13.3% | 14.1% | 14.8% | 14.0% | 14.1% | 14.7% | 14.5% | 14.5% | 16.8% | 18.0% |
| Operating income | $417.0M | $559.0M | $749.0M | $912.0M | $998.0M | $1.15B | $1.09B | $621.0M | $1.83B | $2.11B |
| Operating margin | 5.9% | 5.5% | 7.3% | 8.2% | 8.1% | 8.4% | 7.6% | 4.0% | 11.0% | 12.3% |
| Net income | $244.0M | $366.0M | $581.0M | $667.0M | $628.0M | $753.0M | $685.0M | $199.0M | $1.25B | $1.45B |
| Net margin | 3.5% | 3.6% | 5.7% | 6.0% | 5.1% | 5.5% | 4.8% | 1.3% | 7.5% | 8.4% |
| EPS (diluted) | $2.35 | $2.38 | $3.80 | $4.60 | $4.36 | $5.27 | $4.96 | $1.44 | $9.22 | $11.14 |
| Balance sheet | ||||||||||
| Cash and equivalents | $376.0M | $390.0M | $327.0M | $668.0M | $524.0M | $727.0M | $516.0M | $641.0M | $849.0M | $1.11B |
| Total assets | $9.13B | $8.99B | $8.77B | $9.37B | $12.5B | $13.3B | $13.1B | $12.7B | $13.0B | $13.5B |
| Total liabilities | $5.99B | $5.61B | $5.46B | $5.95B | $8.64B | $8.92B | $8.72B | $8.44B | $8.55B | $8.53B |
| Long-term debt | $3.23B | $3.06B | $2.98B | $2.92B | $4.64B | $4.59B | $3.93B | $4.66B | $4.05B | $4.63B |
| Shareholders' equity | $3.13B | $3.37B | $3.31B | $3.41B | $3.86B | $4.29B | $4.30B | $4.20B | $4.41B | $4.92B |
| Cash flow | ||||||||||
| Operating cash flow | $449.0M | $526.0M | $768.0M | $992.0M | $1.33B | $1.03B | $992.0M | $1.19B | $1.44B | $1.75B |
| Capital expenditure | $29.0M | $81.0M | $73.0M | $121.0M | $183.0M | $104.0M | $129.0M | $207.0M | $149.0M | $125.0M |
| Free cash flow | $420.0M | $445.0M | $695.0M | $871.0M | $1.15B | $929.0M | $863.0M | $980.0M | $1.29B | $1.63B |
| Dividends paid | $993.0M | $0 | $0 | — | — | — | — | — | — | — |
| Share buybacks | $0 | $0 | $167.0M | $25.0M | $67.0M | $237.0M | $0 | $225.0M | $850.0M | $400.0M |
| Q3 FY24Sep 2024 | Q4 FY24†Jan 2025 | Q1 FY25Apr 2025 | Q2 FY25Jul 2025 | Q3 FY25Oct 2025 | Q4 FY25†Jan 2026 | Q1 FY26Apr 2026 | Q2 FY26Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.19B | $4.37B | $4.25B | $4.25B | $4.47B | $4.21B | $4.40B | $4.56B |
| Growth (year over year) | +6.9% | +9.7% | +6.8% | +2.9% | +6.7% | −3.6% | +3.7% | +7.2% |
| Gross profit | $762.0M | $693.0M | $757.0M | $782.0M | $821.0M | $739.0M | $761.0M | $817.0M |
| Gross margin | 18.2% | 15.9% | 17.8% | 18.4% | 18.4% | 17.6% | 17.3% | 17.9% |
| Operating income | $516.0M | $421.0M | $530.0M | $571.0M | $535.0M | $473.0M | $508.0M | $514.0M |
| Operating margin | 12.3% | 9.6% | 12.5% | 13.4% | 12.0% | 11.2% | 11.5% | 11.3% |
| Net income | $364.0M | $284.0M | $363.0M | $391.0M | $367.0M | $327.0M | $328.0M | $354.0M |
| Net margin | 8.7% | 6.5% | 8.6% | 9.2% | 8.2% | 7.8% | 7.5% | 7.8% |
| EPS (diluted) | $2.68 | $2.10 | $2.77 | $3.01 | $2.82 | $2.54 | $2.56 | $2.81 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.10B | $849.0M | $842.0M | $930.0M | $974.0M | $1.11B | $457.0M | $748.0M |
| Total assets | $13.3B | $13.0B | $13.2B | $13.5B | $13.5B | $13.5B | $15.4B | $15.6B |
| Total liabilities | $8.67B | $8.55B | $8.89B | $8.84B | $8.59B | $8.53B | $10.3B | $10.3B |
| Long-term debt | $4.08B | $4.05B | $5.01B | $4.99B | $4.63B | $4.63B | $6.01B | $6.01B |
| Shareholders' equity | $4.61B | $4.41B | $4.26B | $4.66B | $4.91B | $4.92B | $5.01B | $5.28B |
| Cash flow | ||||||||
| Operating cash flow | $647.0M | $294.0M | $58.0M | $486.0M | $711.0M | $495.0M | $301.0M | $793.0M |
| Capital expenditure | $23.0M | $86.0M | $22.0M | $29.0M | $31.0M | $43.0M | $31.0M | $32.0M |
| Free cash flow | $624.0M | $208.0M | $36.0M | $457.0M | $680.0M | $452.0M | $270.0M | $761.0M |
| Share buybacks | $200.0M | $400.0M | $0 | $0 | $100.0M | $300.0M | $200.0M | $66.0M |
From Leidos's 10-K, 10-KT and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Leidos Holdings, Inc. is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT services provider. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense, the Department of Homeland Security, and the Intelligence Community, as well as other U.S. government agencies and select commercial markets.
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