# Leidos Holdings, Inc. (LDOS) — Stock CV

Leidos Holdings, Inc. is a $15.3B technology company. Revenue grew 3.4% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~1.6 years of free cash flow. It trades at 11.1× earnings — near the lowest of its own history.

> Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health management, both domestically and internationally. The customers of the company includes the U.S.

## Identity

- **Ticker**: LDOS
- **Sector**: Technology
- **Industry**: Services-Computer Integrated Systems Design
- **Headquarters**: RESTON, VA
- **Employees**: 47 000
- **Website**: https://www.leidos.com
- **Market cap**: $15.3B
- **Last price**: $121.68
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $17.6B
- **Net income**: $1.38B
- **Free cash flow**: $2.16B
- **Net debt**: $3.54B
- **P/E**: 11.1
- **Revenue growth (YoY)**: 3.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 69 |
| Profitability | 70 |
| Health | 55 |
| Quality | 100 |
| Moat | 43 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +3.4% YoY
- [x] Profitable — $1.38B TTM
- [x] Profit growing — +97.7% YoY
- [x] Generates cash — $2.16B TTM
- [x] Debt under control — ~1.6y of cash flow to repay
- [x] Established company — $15.3B market cap
- [x] Not printing shares — -21.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 2.10%
- [x] Valuation not extreme — P/E 11.1

## Experience (career milestones)

- **FY2025** — Best year on record: $1.45B net income
- **2020** — Leidos purchased defense contractor Dynetics for approximately $1.65 billion
- **FY2017** — Revenue crossed $10B: $10.2B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $7.04B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector,…
- **2016** — The deal to merge with the entirety of Lockheed Martin's Information Systems & Global Solutions…
- **2014** — Gerard Denault, SAIC's CityTime program manager, and his two accomplices within the city's government were…
- **Oct 17, 2006** — SAIC conducted an initial public offering of common stock on October 17, 2006

## Strengths

- Interest covered 12.2× by operating earnings
- High returns on invested capital (ROIC 17.1%)
- Piotroski F-Score 9/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $13.7B | $753M | $927M |
| FY2022 | $14.4B | $685M | $857M |
| FY2023 | $15.4B | $199M | $958M |
| FY2024 | $16.7B | $1.25B | $1.24B |
| FY2025 | $17.2B | $1.45B | $1.63B |

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Source: https://stockcv.com/LDOS — derived from company filings; may be delayed or incomplete. Information, not investment advice.