Kratos Defense & Security Solutions announced the appointment of David King to its Board of Directors effective March 23, 2026. King brings over four decades of aerospace and defense experience, including his tenure as CEO of Dynetics (2015-2020) where he grew the company from $180 million to $650 million in revenue before its $1.65 billion acquisition by Leidos. He will serve on Kratos' Audit Committee.
Leidos Holdings, Inc. (LDOS)
Common Stock · Currency in USD · XNYS
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. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in four reportable segments; National Security & Digital, Health & Civil, Commercial & International and Defense Systems. It provides a wide array of scientific, engineering and technical services and solutions across these reportable segments.
Company Info
SIC7373
Composite FIGIBBG000C23PB0
CIK0001336920
IPOOct 13, 2006
Sectorservices-computer integrated systems design
Highlights
Market Cap$20.00B
EPS$11.48
P/E Ratio13.55
Revenue$17.44B
Gross Profit$3.28B
Net Income$1.48B
Employees47,000
WSO125,928,552
Phone571-526-6000
Websitehttps://www.leidos.com
Related Tickers
Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Leidos Holdings, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Leidos Holdings, Inc. (LDOS) has returned -11.57% so far this year and 21.41% over the past 12 months. Looking at the last ten years, LDOS has achieved an annualized return of 11.94%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
LDOS
1M-9.49%
6M-18.80%
YTD-11.57%
1Y21.41%
5Y9.55%
10Y11.94%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Leidos Holdings, Inc. (LDOS) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.83% | -6.63% | -12.14% | 2.81% | ||||||||
| 2025 | -2.28% | -7.59% | 2.69% | 9.07% | 1.19% | 7.04% | 1.38% | 13.53% | 4.44% | 1.96% | 0.61% | -5.28% |
| 2024 | 2.34% | 15.53% | 1.62% | 7.19% | 5.25% | -0.54% | -1.49% | 9.14% | 2.96% | 12.48% | -10.19% | -13.22% |
| 2023 | -5.38% | -1.58% | -4.78% | 1.19% | -16.48% | 12.99% | 6.50% | 1.57% | -6.39% | 7.72% | 7.29% | 1.04% |
| 2022 | 0.18% | 13.93% | 5.14% | -3.90% | 1.08% | -3.95% | 5.88% | -11.17% | -7.80% | 14.95% | 6.08% | -4.14% |
| 2021 | 0.96% | -17.38% | 7.35% | 4.65% | 0.92% | -2.40% | 4.90% | -8.21% | -2.45% | 3.20% | -12.14% | 0.07% |
| 2020 | 2.06% | 0.96% | -12.11% | 12.16% | 8.51% | -10.95% | 1.53% | -5.11% | -1.01% | -7.60% | 18.54% | 3.94% |
| 2019 | 11.60% | 10.98% | -1.29% | 13.92% | 1.65% | 6.00% | 1.82% | 5.92% | -1.07% | 0.13% | 5.33% | 8.00% |
| 2018 | 2.95% | -4.67% | 1.32% | -1.47% | -6.24% | -2.33% | 16.78% | 3.25% | -2.32% | -6.84% | -3.08% | -17.41% |
| 2017 | -5.77% | 10.31% | -5.03% | 3.38% | 5.27% | -7.05% | 2.55% | 8.62% | 1.13% | 5.61% | 1.16% | 1.96% |
| 2016 | -0.90% | -0.72% | -2.88% | 4.69% | -19.43% | 6.86% | -3.30% | 22.78% | -0.62% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Leidos Holdings, Inc. (LDOS) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of LDOS compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Leidos Holdings, Inc. volatility is 1.48%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2026 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 13.49B | 13.10B | 12.70B | 13.07B | 13.26B | 9.37B | 8.77B | 8.99B | 9.13B | 3.28B | 4.16B |
| Equity Attributable To Parent (USD) | 4.92B | 4.41B | 4.20B | 4.30B | 4.29B | 3.41B | 3.31B | 3.37B | 3.14B | 998.00M | 1.60B |
| Equity Attributable To Noncontrolling Interest (USD) | 46.00M | 48.00M | 57.00M | 54.00M | 53.00M | 4.00M | 3.00M | 13.00M | 12.00M | - | - |
| Equity (USD) | 4.96B | 4.46B | 4.26B | 4.35B | 4.34B | 3.42B | 3.31B | 3.38B | 3.15B | 998.00M | 1.60B |
| Other Non-current Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | 225.00M |
| Long-term Debt (USD) | - | - | - | - | - | - | - | - | - | - | 1.33B |
| Noncurrent Liabilities (USD) | 5.70B | 4.99B | 5.45B | 4.77B | 5.69B | 3.62B | 3.40B | 3.41B | 3.97B | 1.33B | 1.56B |
| Other Current Liabilities (USD) | 1.38B | 2.14B | 1.56B | 2.51B | 1.93B | 1.31B | 1.04B | 1.16B | 942.00M | 443.00M | 505.00M |
| Wages (USD) | 819.00M | 811.00M | 695.00M | 701.00M | 605.00M | 435.00M | 473.00M | 487.00M | 483.00M | 264.00M | 286.00M |
| Accounts Payable (USD) | 627.00M | 705.00M | 736.00M | 733.00M | 692.00M | 592.00M | 547.00M | 557.00M | 591.00M | 244.00M | 218.00M |
| Current Liabilities (USD) | 2.83B | 3.65B | 2.99B | 3.95B | 3.23B | 2.33B | 2.06B | 2.20B | 2.02B | 951.00M | 1.01B |
| Liabilities (USD) | 8.53B | 8.64B | 8.44B | 8.72B | 8.92B | 5.95B | 5.46B | 5.61B | 5.99B | 2.28B | 2.57B |
| Other Non-current Assets (USD) | 8.22B | 8.16B | 8.02B | 8.48B | 8.47B | 6.03B | 5.04B | 5.23B | 4.90B | 1.32B | 1.79B |
| Intangible Assets (USD) | 458.00M | 517.00M | 667.00M | 952.00M | 1.18B | 530.00M | 652.00M | 856.00M | 1.59B | 37.00M | 94.00M |
| Fixed Assets (USD) | - | - | - | - | - | - | 237.00M | 232.00M | 259.00M | 308.00M | 483.00M |
| Noncurrent Assets (USD) | 8.68B | 8.68B | 8.69B | 9.43B | 9.64B | 6.56B | 5.93B | 6.32B | 6.75B | 1.66B | 2.37B |
| Other Current Assets (USD) | 1.76B | 1.47B | 1.27B | 1.01B | 1.16B | 1.08B | 962.00M | 677.00M | 567.00M | 624.00M | 613.00M |
| Prepaid Expenses (USD) | - | - | - | - | - | - | - | 90.00M | 90.00M | 28.00M | 34.00M |
| Inventory (USD) | 342.00M | 315.00M | 310.00M | 287.00M | 274.00M | - | - | 76.00M | 67.00M | 70.00M | 59.00M |
| Accounts Receivable (USD) | 2.71B | 2.65B | 2.43B | 2.35B | 2.19B | 1.73B | 1.88B | 1.83B | 1.66B | 896.00M | 1.09B |
| Current Assets (USD) | 4.81B | 4.43B | 4.01B | 3.64B | 3.62B | 2.81B | 2.84B | 2.67B | 2.38B | 1.62B | 1.79B |
| Assets (USD) | 13.49B | 13.10B | 12.70B | 13.07B | 13.26B | 9.37B | 8.77B | 8.99B | 9.13B | 3.28B | 4.16B |
News and Insights
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Four teams are competing to build private space stations to replace the International Space Station after 2030. Starlab, led by Voyager Technologies, completed its Commercial Critical Design Review with NASA and is transitioning to manufacturing, putting it ahead of Orbital Reef but behind Axiom and Vast in the development race.
Blue Water Autonomy, a Boston-based tech company, announced it will build uncrewed surface vessels (USVs) for the U.S. Navy starting in March 2026. The Liberty-class USVs are smaller (190 feet, 1,200 tons) compared to traditional Arleigh Burke-class destroyers, can be built in under a year, require no crew, and can carry 16-32 missiles. Partnering with Conrad Industries in Louisiana, Blue Water aims to produce 10-20 vessels annually, potentially helping the Navy reach President Trump's goal of 355+ ships faster and more cost-effectively than traditional large defense contractors.
Leidos Holdings stock declined 6.16% after reporting Q4 results with revenue missing estimates at $4.21B (down 4% YoY) due to a government shutdown, though adjusted EPS beat at $2.76. The company issued FY2026 guidance below consensus and announced a $2.4B acquisition of Entrust, a power design firm.
Leidos Holdings, Inc. (NYSE: LDOS) announced that its board of directors has declared a quarterly cash dividend of $0.43 per share, payable on March 31, 2026, to stockholders of record as of March 16, 2026. The company, headquartered in Reston, Virginia, serves government and commercial customers with digital and mission innovations, employing 47,000 global employees and reporting annual revenues of approximately $16.7 billion for fiscal year 2025.
Kohlberg has agreed to sell ENTRUST Solutions Group to Leidos Holdings for approximately $2.4 billion. The transaction is expected to close in Q2 2026. ENTRUST, a consulting and engineering services platform acquired by Kohlberg in 2019, has expanded significantly through organic growth and strategic acquisitions. The deal will strengthen Leidos' ability to serve customers in North America's critical power infrastructure sector.
Leidos Holdings announced it will acquire ENTRUST Solutions Group for $2.4 billion in an all-cash transaction to expand its energy infrastructure engineering business. The deal aims to capitalize on rising utility spending for grid modernization and resilience. The acquisition is expected to be immediately accretive to revenue growth and adjusted EBITDA margin, with earnings benefits anticipated in 2027. Closing is expected by the end of Q2 2026.
With the Trump administration announcing plans to increase defense spending to $1.5 trillion in 2027, three major aerospace and defense contractors are positioned to benefit from increased Pentagon contracts. Lockheed Martin remains the undisputed leader with a strong backlog and consistent dividend growth. Boeing is showing signs of recovery with expanding production capacity. Leidos offers a value play with exposure to modern defense technology including AI and cybersecurity solutions.
Defense stocks have become significantly overvalued, with enterprise value-to-sales ratios nearly tripling since the early 2000s. While geopolitical tensions drive investor interest, the author warns that current valuations leave little room for multiple expansion and could lead to significant underperformance in 2026 if tensions ease or if the sector simply cannot justify further price increases.