Leidos

Industrials Diversified Support Services Reston, Virginia Last filing Feb 17, 2026 · FY2026

                    Revenue
                    FY2026
                
$17.2B
                    3y CAGR +3.6%
                    
                    +3.1%
                    
                    Net income
                    FY2026
                
$1.4B
                    Net margin +8.4%
                    
                    +15.5%
                    
                    Total assets
                    FY2026
                
$13.5B
                    ROA +10.7%
                    
                    P80
                    
                    +3.0%
                    
                    Operating cash flow
                    FY2026
                
$1.8B
                    FCF margin +9.5%
                    
                    +22.0%

20 yrs · FY2007–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $13.5B

Total liabilities $8.5B

Shareholders equity $4.9B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	+12.3%	+11.7%	+13.4%	+12.2%	+5.8%	+16.8%	+10.3%	+30.9%	-16.2%	—
Accounts Receivable	+4.4%	+4.7%	+5.4%	+4.8%	+5.1%	+4.6%	+5.3%	-2.7%	+2.5%	—
Inventory	+18.2%	+19.5%	+22.5%	+26.4%	+30.4%	+37.8%	+53.7%	-2.7%	—	—
Prepaid Expenses	+4.2%	+1.9%	+2.1%	+1.3%	+1.6%	-1.4%	-3.9%	-13.6%	+19.9%	—
Other Current Assets	—	—	—	—	—	—	—	—	—	—
Total Current Assets	+6.8%	+6.5%	+7.5%	+7.0%	+6.4%	+7.9%	+7.7%	+2.5%	+6.2%	—
Property,Plant and Equipment	+17.1%	+19.9%	+23.1%	+26.7%	+29.6%	+30.4%	+37.6%	+11.2%	+303.0%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+2.7%	+2.5%	+2.9%	+3.5%	+6.1%	+7.9%	+8.3%	-0.6%	-2.3%	—
Intangible Assets	-6.7%	-6.1%	-6.9%	-4.1%	+2.1%	+8.3%	+12.4%	-21.3%	-23.8%	—
Deferred Tax Assets	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+3.4%	+9.5%	+10.9%	+9.5%	+8.8%	+14.7%	+21.7%	+29.5%	-28.3%	—
Total Assets	+4.6%	+4.8%	+5.5%	+5.9%	+7.8%	+10.2%	+11.6%	+2.1%	-2.4%	—
Liabilities
Accounts Payable	+15.2%	+3.0%	+3.4%	+4.8%	+5.6%	+5.6%	+9.5%	+3.1%	-1.8%	—
Accrued Liabilities	+11.5%	+2.1%	+2.4%	+1.7%	+0.7%	+9.0%	+7.9%	+4.9%	-13.0%	—
Deferred Revenue	—	—	—	—	—	—	—	—	—	—
Current Portion of Long Term Debt	-10.6%	+35.3%	+41.3%	-17.0%	+65.0%	+72.1%	+22.1%	+5.3%	+30.9%	—
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+2.8%	+6.5%	+7.5%	+5.2%	+12.4%	+10.0%	+9.7%	+2.9%	-6.5%	—
Long Term Debt	—	—	—	—	—	—	—	—	—	—
Deferred Revenue Noncurrent	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	+8.5%	+11.9%	+13.7%	+12.9%	+12.6%	+19.9%	+31.1%	+18.8%	—	—
Total Liabilities	—	—	—	—	—	—	—	—	—	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	—	—	—	—	—	—	—	—	—	—
Additional Paid In Capital	-23.0%	-12.9%	-14.6%	-9.1%	-9.7%	-7.7%	-8.3%	-12.0%	-11.3%	—
Retained Earnings	—	—	—	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Noncontrolling Interest	+15.1%	+17.7%	+20.5%	+27.9%	+33.0%	+42.1%	-11.5%	-44.5%	-76.9%	—
Total Stockholders Equity	+4.3%	+3.4%	+3.9%	+3.7%	+5.0%	+6.2%	+4.6%	+0.6%	-1.8%	—
Total Liabilitiesand Equity	—	—	—	—	—	—	—	—	—	—

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $17.2B

Operating income $2.1B

Net income $1.4B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	+6.0%	+6.4%	+7.3%	+7.2%	+7.2%	+7.8%	+6.5%	+4.4%	+0.2%	—
Expenses Cost of Revenue	+5.4%	+5.9%	+6.8%	+7.1%	+7.1%	+7.6%	+6.5%	+4.5%	-0.5%	—
Expenses Research and Development	+18.0%	+17.2%	+19.9%	+20.4%	+22.5%	+26.9%	+20.2%	+8.0%	+9.5%	—
Expenses Selling,General and Administrative	+3.4%	+3.7%	+4.2%	+4.2%	+5.2%	+3.7%	+1.5%	-3.3%	-1.1%	—
Expenses Depreciation and Amortization	+12.6%	+12.7%	+14.6%	+15.3%	+13.4%	+15.2%	+15.2%	+5.3%	+1.8%	—
Expenses Share Based Compensation	—	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	+15.9%	+16.0%	+18.4%	+1.8%	+14.2%	+19.8%	+21.3%	+27.7%	+34.0%	—
Other Income Expense Interest Expense	-35.2%	-36.3%	-40.3%	-45.2%	-63.2%	+5.7%	+7.1%	-0.3%	-2.0%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	+19.2%	+19.5%	+22.6%	+0.4%	+17.7%	+25.2%	+25.7%	+48.4%	+55.2%	—
Income Tax Income Tax Expense	+35.5%	+38.3%	+44.9%	+37.4%	+46.1%	+63.7%	+73.7%	+160.0%	-3.4%	—
net Income net Income	+16.5%	+16.6%	+19.2%	-9.7%	+13.4%	+19.8%	+19.7%	+35.0%	+58.7%	—
net Income Comprehensive Income	+15.8%	+14.5%	+16.8%	-9.3%	+9.1%	+18.2%	+17.4%	+24.7%	+26.3%	—
Earnings Per Share Basic Eps	+18.7%	+18.5%	+21.4%	-8.1%	+15.7%	+22.0%	+22.4%	+39.1%	+59.8%	—
Earnings Per Share Diluted Eps	+18.7%	+18.4%	+21.3%	-8.0%	+15.8%	+22.0%	+22.4%	+39.0%	+59.7%	—
Earnings Per Share Weighted Average Shares Basic	-1.9%	-1.6%	-1.8%	-1.7%	-2.1%	-1.9%	-2.2%	-3.0%	-0.7%	—
Earnings Per Share Weighted Average Shares Diluted	-1.9%	-1.5%	-1.8%	-1.8%	-2.2%	-1.8%	-2.2%	-3.0%	-0.6%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 10 years

Operating cash flow $1.8B

Investing cash flow $-405.0M

Financing cash flow $-1.1B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	+16.5%	+16.6%	+19.2%	-9.7%	+13.4%	+19.8%	+19.7%	+35.0%	+58.7%	—
Operating Activities Depreciation and Amortization	+12.6%	+12.7%	+14.6%	+15.3%	+13.4%	+15.2%	+15.2%	+5.3%	+1.8%	—
Operating Activities Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+14.3%	+13.4%	+14.9%	+14.2%	+13.5%	+18.4%	+36.4%	+37.3%	+46.0%	—
Investing Activities Capital Expenditures	+4.9%	+7.9%	+9.1%	+16.9%	+9.8%	+6.4%	+31.2%	+22.2%	-9.9%	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	+0.7%	+0.6%	+0.7%	+0.3%	+0.1%	+0.1%	-0.3%	+0.0%	+0.0%	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	+26.3%	+29.0%	+29.2%	+45.3%	—	+64.0%	—	+265.8%	—	—
Cash Reconciliation Cash At Beginning of Period	+13.3%	+12.4%	+13.4%	+12.2%	+5.8%	+22.4%	+10.3%	+30.9%	-16.2%	—
Cash Reconciliation Cash At End of Period	+13.3%	+12.4%	+13.4%	+12.2%	+5.8%	+22.4%	+10.3%	+30.9%	-16.2%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+18.0%	+16.8%	+16.8%	+14.5%	+14.5%	+14.7%	+14.1%	+14.0%	+14.8%	+14.1%
Operating margin	+12.3%	+11.0%	+11.0%	+4.0%	+7.6%	+8.4%	+8.1%	+8.2%	+7.3%	+5.5%
Net margin	+8.4%	+7.5%	+7.5%	+1.3%	+4.8%	+5.5%	+5.1%	+6.0%	+5.7%	+3.6%
FCF margin	+9.5%	+7.7%	+7.5%	+6.2%	+6.0%	+6.8%	+9.4%	+7.9%	+6.8%	+4.4%
Growth
Revenue CAGR (3y)	+3.6%	+5.0%	+6.6%	+7.9%	+9.1%	+10.5%	+6.5%	+16.4%	+26.3%	+26.2%
Returns
ROE	+29.5%	+28.4%	+28.4%	+4.7%	+15.9%	+17.5%	+16.3%	+19.5%	+17.6%	+10.9%
ROA	+10.7%	+9.6%	+9.6%	+1.6%	+5.2%	+5.7%	+5.0%	+7.1%	+6.6%	+4.1%
ROIC	+42.2%	+34.1%	+34.1%	+9.3%	+19.1%	+22.3%	+23.4%	+25.1%	+23.4%	+17.1%
Liquidity
Current ratio	1.70x	1.21x	1.21x	1.34x	0.92x	1.12x	1.15x	1.21x	1.38x	1.21x
Quick ratio	1.35x	0.98x	0.98x	1.07x	0.73x	0.90x	0.92x	1.03x	1.07x	1.01x
Leverage
D/E	1.74x	1.96x	1.96x	2.01x	2.03x	2.08x	2.24x	1.74x	1.65x	1.67x
Interest coverage	703.00x	456.75x	456.75x	155.25x	1088.00x	6.23x	5.48x	6.20x	5.17x	3.78x
Efficiency
Asset turnover	1.27x	1.27x	1.27x	1.22x	1.10x	1.04x	0.98x	1.18x	1.16x	1.13x
Cash conversion cycle	+15d	+48d	+48d	+46d	+46d	+45d	+48d	+37d	—	+46d

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Leidos

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