Leidos (LDOS) Financials

$139.51 -0.39 (-0.28%)

Closing price 03:59 PM Eastern

Extended Trading

$141.32 +1.81 (+1.30%)

As of 05:17 PM Eastern

Annual Income Statements for Leidos

This table shows Leidos' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-323	244	366	581	667	628	753	685	199	1,254
Consolidated Net Income / (Loss)	-323	246	364	582	670	629	759	693	208	1,251
Net Income / (Loss) Continuing Operations	-330	246	364	582	670	629	759	693	208	1,251
Total Pre-Tax Income	-283	318	393	610	866	781	967	886	403	1,639
Total Operating Income	-214	407	559	731	912	984	1,152	1,088	621	1,827
Total Gross Profit	666	937	1,432	1,504	1,548	1,737	2,014	2,084	2,244	2,798
Total Revenue	5,063	7,043	10,170	10,194	11,094	12,297	13,737	14,396	15,438	16,662
Operating Revenue	5,063	7,043	10,170	10,194	11,094	12,297	13,737	14,396	15,438	16,662
Total Cost of Revenue	4,397	6,106	8,738	8,690	9,546	10,560	11,723	12,312	13,194	13,864
Operating Cost of Revenue	4,392	6,103	8,738	8,690	9,546	10,560	11,723	12,312	13,194	13,864
Total Operating Expenses	880	530	873	773	636	753	858	1,008	1,653	960
Selling, General & Admin Expense	310	422	737	729	689	770	851	951	942	983
Other Operating Expenses / (Income)	-	-	-3.00	0.00	-58	-68	-20	-	-	-39
Impairment Charge	567	4.00	0.00	7.00	0.00	12	-	40	687	0.00
Restructuring Charge	3.00	104	139	37	5.00	39	27	17	24	16
Total Other Income / (Expense), net	-69	-89	-166	-121	-46	-203	-185	-190	-188	-188
Interest & Investment Income	1.00	10	-	18	-	14	-	-187	-182	-193
Other Income / (Expense), net	5.00	-13	-26	-1.00	87	-38	-1.00	-3.00	-6.00	5.00
Income Tax Expense	47	72	29	28	196	152	208	193	195	388
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	2.00	-2.00	1.00	3.00	1.00	6.00	8.00	9.00	-3.00
Basic Earnings per Share	($4.36)	$2.39	$2.41	$3.85	$4.66	$4.42	$5.34	$5.00	$1.45	$9.36
Weighted Average Basic Shares Outstanding	74.13M	102M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Diluted Earnings per Share	($4.36)	$2.35	$2.38	$3.80	$4.60	$4.36	$5.27	$4.96	$1.44	$9.22
Weighted Average Diluted Shares Outstanding	74.13M	102M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Weighted Average Basic & Diluted Shares Outstanding	74.13M	102M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Cash Dividends to Common per Share	$1.28	$1.28	$1.28	$1.28	$1.32	$1.36	$1.40	$1.44	$1.46	$1.54

This table shows Leidos' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	162	177	162	207	-399	229	284	322	364	284
Consolidated Net Income / (Loss)	164	180	164	210	-396	230	283	324	362	282
Net Income / (Loss) Continuing Operations	164	180	164	210	-396	230	283	324	362	282
Total Pre-Tax Income	221	218	207	274	-388	310	368	426	470	375
Total Operating Income	281	263	265	331	-336	361	415	475	516	421
Total Gross Profit	513	521	495	567	587	595	638	705	762	693
Total Revenue	3,608	3,697	3,699	3,838	3,921	3,980	3,975	4,132	4,190	4,365
Operating Revenue	3,608	3,697	3,699	3,838	3,921	3,980	3,975	4,132	4,190	4,365
Total Cost of Revenue	3,095	3,176	3,204	3,271	3,334	3,385	3,337	3,427	3,428	3,672
Operating Cost of Revenue	3,095	3,176	3,204	3,271	3,334	3,385	3,337	3,427	3,428	3,672
Total Operating Expenses	232	270	230	236	931	256	223	230	256	251
Selling, General & Admin Expense	232	221	233	237	239	233	226	231	247	279
Restructuring Charge	4.00	5.00	3.00	6.00	5.00	10	4.00	7.00	3.00	2.00
Total Other Income / (Expense), net	-60	-33	-58	-57	-44	-29	-47	-49	-36	-56
Other Income / (Expense), net	-10	4.00	-4.00	-1.00	1.00	-2.00	2.00	2.00	0.00	1.00
Income Tax Expense	57	38	43	64	8.00	80	85	102	108	93
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	3.00	2.00	3.00	3.00	1.00	-1.00	2.00	-2.00	-2.00
Basic Earnings per Share	$1.18	$1.31	$1.18	$1.51	($2.91)	$1.67	$2.09	$2.39	$2.72	$2.16
Weighted Average Basic Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M
Diluted Earnings per Share	$1.17	$1.30	$1.17	$1.50	($2.91)	$1.68	$2.07	$2.37	$2.68	$2.10
Weighted Average Diluted Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M
Weighted Average Basic & Diluted Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M

This table details how cash moves in and out of Leidos' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	13	-277	26	-53	348	-30	188	-192	245	156
Net Cash From Operating Activities	396	449	526	768	992	1,334	1,033	992	1,165	1,392
Net Cash From Continuing Operating Activities	396	449	526	768	992	1,334	1,033	992	1,165	1,392
Net Income / (Loss) Continuing Operations	-330	246	364	582	670	629	759	693	208	1,251
Consolidated Net Income / (Loss)	-323	246	364	582	670	629	759	693	208	1,251
Depreciation Expense	62	122	336	257	234	282	325	333	331	290
Non-Cash Adjustments To Reconcile Net Income	617	39	107	69	-21	124	64	139	792	140
Changes in Operating Assets and Liabilities, net	47	42	-295	-140	109	299	-115	-173	-166	-289
Net Cash From Investing Activities	51	25	-71	-114	65	-2,815	-730	-313	-211	-142
Net Cash From Continuing Investing Activities	51	26	-71	-114	65	-2,815	-730	-313	-211	-142
Purchase of Property, Plant & Equipment	-29	-29	-81	-73	-121	-183	-104	-129	-207	-149
Acquisitions	0.00	25	0.00	-81	-94	-2,655	-622	-192	-6.00	0.00
Sale of Property, Plant & Equipment	0.00	3.00	8.00	0.00	96	12	0.00	6.00	0.00	2.00
Divestitures	0.00	23	0.00	0.00	178	0.00	0.00	15	2.00	0.00
Other Investing Activities, net	80	-	0.00	0.00	1.00	11	-4.00	-13	0.00	5.00
Net Cash From Financing Activities	-478	-751	-429	-707	-709	1,451	-113	-865	-715	-1,084
Net Cash From Continuing Financing Activities	-478	-751	-429	-707	-709	1,451	-113	-865	-715	-1,084
Repayment of Debt	-175	-307	-213	-76	-80	-5,512	-106	-545	-2,052	-19
Repurchase of Common Equity	-215	-24	-31	-438	-458	-105	-270	-542	-246	-906
Payment of Dividends	-95	-1,135	-198	-198	-198	-192	-161	-206	-210	-214
Issuance of Debt	0.00	690	-	0.00	0.00	7,225	380	380	1,743	0.00
Issuance of Common Equity	7.00	25	13	14	27	35	44	48	50	55
Effect of Exchange Rate Changes	-	-	-	-	-	-	-2.00	-6.00	6.00	-10
Cash Interest Paid	-	-	-	-	172	161	182	195	207	226
Cash Income Taxes Paid	-	-	-	-	142	140	221	217	435	460

This table details how cash moves in and out of Leidos' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	505	-288	-192	-43	491	-11	-181	194	385	-242
Net Cash From Operating Activities	729	125	-98	164	795	304	63	374	656	299
Net Cash From Continuing Operating Activities	726	128	-98	164	795	304	63	374	656	299
Net Income / (Loss) Continuing Operations	164	180	164	210	-396	230	283	324	362	282
Consolidated Net Income / (Loss)	164	180	164	210	-396	230	283	324	362	282
Depreciation Expense	81	84	82	84	82	83	69	71	71	79
Non-Cash Adjustments To Reconcile Net Income	32	65	23	20	726	23	14	28	28	70
Changes in Operating Assets and Liabilities, net	449	-201	-367	-150	383	-32	-303	-49	195	-132
Net Cash From Investing Activities	-26	-258	-39	-44	-52	-76	-12	-21	-23	-86
Net Cash From Continuing Investing Activities	-26	-258	-39	-44	-52	-76	-12	-21	-23	-86
Purchase of Property, Plant & Equipment	-27	-53	-39	-40	-50	-78	-17	-23	-23	-86
Net Cash From Financing Activities	-217	-135	-57	-164	-249	-245	-228	-159	-257	-440
Net Cash From Continuing Financing Activities	-217	-135	-57	-164	-249	-245	-228	-159	-257	-440
Repayment of Debt	-25	-86	-1,718	-325	-5.00	-4.00	-4.00	-5.00	-5.00	-5.00
Repurchase of Common Equity	-4.00	-10	-43	-	-1.00	-202	-183	-114	-203	-406
Payment of Dividends	-51	-52	-51	-52	-55	-52	-54	-53	-51	-56
Issuance of Common Equity	13	13	12	13	12	13	13	13	2.00	27
Effect of Exchange Rate Changes	19	-20	2.00	1.00	-3.00	6.00	-4.00	-	9.00	-15
Cash Interest Paid	29	59	45	51	64	47	61	46	60	59
Cash Income Taxes Paid	39	51	135	144	46	110	2.00	161	113	184

This table presents Leidos' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,370	9,132	8,990	8,770	9,367	12,511	13,261	13,071	12,695	13,104
Total Current Assets	1,793	2,381	2,674	2,839	2,812	3,339	3,619	3,643	4,005	4,428
Cash & Equivalents	656	376	390	327	668	524	727	516	777	943
Accounts Receivable	921	1,657	1,831	1,877	1,734	2,137	2,189	2,350	2,429	2,645
Inventories, net	-	-	-	-	72	276	274	287	310	315
Other Current Assets	-	-	453	543	338	402	429	490	489	525
Plant, Property, & Equipment, net	142	259	232	237	0.00	0.00	670	847	961	991
Total Noncurrent Assets	1,435	6,476	6,084	5,694	6,555	9,172	8,972	8,581	7,729	7,685
Goodwill	1,207	4,622	4,974	4,860	4,912	6,313	6,744	6,696	6,112	6,084
Intangible Assets	25	1,589	856	652	530	1,216	1,177	952	667	517
Other Noncurrent Operating Assets	195	265	254	182	1,113	1,643	1,051	933	950	1,084
Total Liabilities & Shareholders' Equity	3,370	9,132	8,990	8,770	9,367	12,511	13,261	13,071	12,695	13,104
Total Liabilities	2,302	5,985	5,607	5,459	5,950	8,640	8,917	8,718	8,437	8,644
Total Current Liabilities	1,040	2,016	2,202	2,059	2,333	2,907	3,229	3,947	2,990	3,654
Short-Term Debt	2.00	62	55	72	61	100	483	992	18	618
Accounts Payable	761	1,427	1,639	1,491	1,837	2,175	2,141	2,254	2,277	2,225
Current Employee Benefit Liabilities	268	483	487	473	435	632	605	701	695	811
Total Noncurrent Liabilities	1,262	3,969	3,405	3,400	3,617	5,733	5,688	4,771	5,447	4,990
Long-Term Debt	1,079	3,225	3,056	3,052	2,925	4,644	4,593	3,928	4,664	4,052
Other Noncurrent Operating Liabilities	149	204	129	178	508	855	856	803	783	938
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,068	3,147	3,383	3,311	3,417	3,871	4,344	4,353	4,258	4,460
Total Preferred & Common Equity	1,068	3,135	3,370	3,308	3,413	3,862	4,291	4,299	4,201	4,412
Preferred Stock	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	1,068	3,135	3,370	3,308	3,413	3,862	4,291	4,299	4,201	4,412
Common Stock	1,353	3,316	3,344	2,966	2,587	2,580	2,423	2,005	1,885	1,112
Retained Earnings	-277	-177	-7.00	372	896	1,328	1,880	2,367	2,364	3,410
Accumulated Other Comprehensive Income / (Loss)	-8.00	-4.00	33	-30	-70	-46	-12	-73	-48	-110
Noncontrolling Interest	0.00	12	13	3.00	4.00	9.00	53	54	57	48

This table presents Leidos' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	13,099	13,071	13,132	13,026	12,757	12,695	12,817	12,909	13,338	13,104
Total Current Assets	3,841	3,643	3,665	3,576	3,991	4,005	4,150	4,229	4,665	4,428
Cash & Equivalents	807	516	379	329	750	777	633	823	1,185	943
Accounts Receivable	2,284	2,350	2,518	2,478	2,452	2,429	2,713	2,615	2,706	2,645
Inventories, net	286	287	300	310	295	310	318	333	323	315
Other Current Assets	464	490	468	459	494	489	486	458	451	525
Plant, Property, & Equipment, net	671	847	922	928	935	961	972	984	992	991
Total Noncurrent Assets	8,587	8,581	8,545	8,522	7,831	7,729	7,695	7,696	7,681	7,685
Goodwill	6,618	6,696	6,703	6,701	6,079	6,112	6,099	6,102	6,123	6,084
Intangible Assets	977	952	902	851	713	667	629	592	558	517
Other Noncurrent Operating Assets	992	933	940	970	1,039	950	967	1,002	1,000	1,084
Total Liabilities & Shareholders' Equity	13,099	13,071	13,132	13,026	12,757	12,695	12,817	12,909	13,338	13,104
Total Liabilities	8,960	8,718	8,668	8,373	8,554	8,437	8,504	8,399	8,671	8,644
Total Current Liabilities	4,141	3,947	3,161	2,855	3,040	2,990	3,084	3,505	3,782	3,654
Short-Term Debt	1,027	992	339	219	18	18	43	567	592	618
Accounts Payable	2,301	2,254	2,110	1,970	2,221	2,277	2,301	2,235	2,287	2,225
Current Employee Benefit Liabilities	813	701	712	666	801	695	740	703	903	811
Total Noncurrent Liabilities	4,819	4,771	5,507	5,518	5,514	5,447	5,420	4,894	4,889	4,990
Long-Term Debt	3,975	3,928	4,675	4,670	4,667	4,664	4,636	4,109	4,081	4,052
Other Noncurrent Operating Liabilities	820	803	818	832	841	783	784	785	808	938
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,139	4,353	4,464	4,653	4,203	4,258	4,313	4,510	4,667	4,460
Total Preferred & Common Equity	4,086	4,299	4,409	4,597	4,146	4,201	4,258	4,455	4,614	4,412
Preferred Stock	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Common Equity	4,086	4,299	4,409	4,597	4,146	4,201	4,258	4,455	4,614	4,412
Common Stock	1,982	2,005	1,994	2,024	2,055	1,885	1,735	1,654	1,469	1,112
Retained Earnings	2,239	2,367	2,479	2,636	2,186	2,364	2,595	2,866	3,179	3,410
Accumulated Other Comprehensive Income / (Loss)	-135	-73	-64	-63	-95	-48	-72	-65	-34	-110
Noncontrolling Interest	53	54	55	56	57	57	55	55	53	48

This table displays calculated financial ratios and metrics derived from Leidos' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.02%	39.11%	44.40%	0.24%	8.83%	10.84%	23.42%	4.80%	7.24%	7.93%
EBITDA Growth	-162.55%	451.02%	71.12%	11.78%	24.92%	-0.41%	20.20%	-7.36%	-33.29%	124.31%
EBIT Growth	-234.84%	288.52%	35.28%	36.96%	36.85%	-5.31%	21.67%	-5.73%	-43.32%	197.89%
NOPAT Growth	-196.28%	310.18%	64.44%	34.71%	1.17%	12.32%	28.19%	-11.16%	-62.34%	335.08%
Net Income Growth	-296.95%	176.16%	47.97%	59.89%	15.12%	-6.12%	20.67%	-8.70%	-69.99%	501.44%
EPS Growth	-324.74%	153.90%	1.28%	59.66%	21.05%	-5.22%	41.74%	-11.76%	-70.97%	540.28%
Operating Cash Flow Growth	28.16%	13.38%	17.15%	46.01%	29.17%	34.48%	-22.56%	-7.94%	17.44%	19.49%
Free Cash Flow Firm Growth	410.31%	-628.99%	110.85%	68.80%	29.53%	-254.87%	238.66%	331.83%	16.20%	49.86%
Invested Capital Growth	-77.88%	305.41%	0.92%	-1.34%	-5.03%	41.08%	7.44%	1.47%	-6.78%	0.29%
Revenue Q/Q Growth	-8.31%	23.00%	-0.58%	1.30%	0.00%	2.48%	3.54%	2.90%	1.87%	2.37%
EBITDA Q/Q Growth	-120.14%	919.05%	-3.29%	8.58%	0.00%	1.40%	0.07%	0.14%	10.64%	2.86%
EBIT Q/Q Growth	-261.56%	373.61%	-9.81%	15.14%	0.00%	0.96%	-1.03%	1.69%	17.59%	3.56%
NOPAT Q/Q Growth	-245.60%	410.20%	29.83%	2.50%	0.00%	2.01%	-1.91%	2.65%	20.63%	3.60%
Net Income Q/Q Growth	-292.95%	193.18%	17.04%	14.79%	0.00%	2.61%	-5.38%	1.16%	31.65%	4.34%
EPS Q/Q Growth	-290.36%	158.60%	23.96%	15.15%	0.00%	2.35%	-2.41%	2.45%	35.85%	4.77%
Operating Cash Flow Q/Q Growth	-52.05%	29.77%	8.90%	-7.25%	0.00%	-14.21%	68.66%	-8.06%	18.15%	-0.36%
Free Cash Flow Firm Q/Q Growth	-53.49%	11.57%	7.94%	-13.92%	249.34%	-18.35%	1,172.35%	-67.16%	98.07%	3.12%
Invested Capital Q/Q Growth	4.23%	-1.77%	-0.39%	2.01%	1.85%	4.68%	0.16%	10.15%	0.31%	0.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.31%	13.30%	14.08%	14.75%	13.95%	14.13%	29.32%	28.95%	14.54%	16.79%
EBITDA Margin	-5.81%	7.33%	8.68%	9.68%	11.11%	9.99%	10.74%	19.70%	6.13%	12.74%
Operating Margin	-4.23%	5.78%	5.50%	7.17%	8.22%	8.00%	16.77%	7.56%	4.02%	10.97%
EBIT Margin	-8.26%	5.59%	5.24%	7.16%	9.00%	7.69%	16.76%	15.07%	3.98%	11.00%
Profit (Net Income) Margin	-12.76%	3.49%	3.58%	5.71%	6.04%	5.12%	5.53%	4.81%	1.35%	7.51%
Tax Burden Percent	114.13%	77.36%	92.62%	95.41%	77.37%	80.54%	78.49%	156.43%	51.61%	76.33%
Interest Burden Percent	135.41%	80.71%	73.73%	83.56%	86.69%	82.56%	169.51%	164.23%	65.53%	89.47%
Effective Tax Rate	0.00%	22.64%	7.38%	4.59%	22.63%	19.46%	43.02%	43.57%	48.39%	23.67%
Return on Invested Capital (ROIC)	-15.19%	8.33%	8.50%	11.47%	11.99%	11.46%	21.55%	9.75%	3.79%	17.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-69.18%	4.21%	3.06%	7.25%	10.58%	6.46%	14.95%	6.14%	1.08%	13.30%
Return on Net Nonoperating Assets (RNNOA)	-33.33%	3.34%	2.65%	5.92%	7.93%	5.80%	7.70%	12.47%	1.04%	11.64%
Return on Equity (ROE)	-48.52%	11.67%	11.15%	17.39%	19.92%	17.26%	36.96%	31.87%	4.83%	28.70%
Cash Return on Invested Capital (CROIC)	81.52%	-112.53%	7.58%	12.82%	17.15%	-22.62%	7.20%	18.04%	10.81%	16.76%
Operating Return on Assets (OROA)	-5.55%	6.30%	5.88%	8.22%	11.02%	8.65%	17.86%	16.48%	4.77%	14.20%
Return on Assets (ROA)	-17.15%	3.94%	4.02%	6.55%	7.39%	5.75%	11.78%	10.53%	1.61%	9.70%
Return on Common Equity (ROCE)	-24.26%	11.64%	11.11%	17.35%	19.90%	17.23%	18.34%	31.48%	4.77%	28.35%
Return on Equity Simple (ROE_SIMPLE)	-60.49%	7.85%	10.80%	17.59%	19.63%	16.29%	35.38%	32.24%	4.95%	28.35%
Net Operating Profit after Tax (NOPAT)	-150	315	518	697	706	792	904	851	321	1,394
NOPAT Margin	-2.96%	4.47%	5.09%	6.84%	6.36%	6.44%	6.58%	11.82%	2.08%	8.37%
Net Nonoperating Expense Percent (NNEP)	54.00%	4.12%	5.44%	4.22%	1.41%	5.00%	6.78%	7.22%	2.71%	3.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.18%	3.59%	15.27%
Cost of Revenue to Revenue	86.85%	86.70%	85.92%	85.25%	86.05%	85.87%	170.68%	171.05%	85.46%	83.21%
SG&A Expenses to Revenue	12.25%	5.99%	7.25%	7.15%	6.21%	6.26%	12.46%	13.21%	6.10%	5.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.76%	7.53%	8.58%	7.58%	5.73%	6.12%	12.67%	14.00%	10.71%	5.76%
Earnings before Interest and Taxes (EBIT)	-209	394	533	730	999	946	1,151	1,085	615	1,832
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-147	516	883	987	1,233	1,228	1,476	1,418	946	2,122
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.56	2.16	2.61	2.18	3.86	3.68	2.80	6.60	3.51	4.45
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.37	0.96	0.87	0.71	1.19	1.15	0.87	1.97	0.95	1.18
Price to Earnings (P/E)	0.00	27.78	24.06	12.42	19.75	22.61	15.95	20.45	74.00	15.66
Dividend Yield	5.04%	33.10%	2.20%	2.66%	1.42%	1.36%	3.27%	2.81%	1.36%	1.05%
Earnings Yield	0.00%	3.60%	4.16%	8.05%	5.06%	4.42%	6.27%	4.89%	1.35%	6.39%
Enterprise Value to Invested Capital (EV/IC)	3.11	1.60	1.89	1.66	2.70	2.28	3.81	4.26	2.29	2.86
Enterprise Value to Revenue (EV/Rev)	0.92	1.38	1.13	0.98	1.40	1.50	2.41	2.59	1.21	1.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	18.80	13.07	10.15	12.56	15.00	22.57	26.40	19.75	11.03
Enterprise Value to EBIT (EV/EBIT)	0.00	24.62	21.65	13.72	15.51	19.48	14.26	17.02	30.39	12.78
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.81	22.29	14.36	21.96	23.25	18.15	44.04	58.30	16.79
Enterprise Value to Operating Cash Flow (EV/OCF)	5.83	21.61	21.94	13.04	15.62	13.81	15.89	18.61	16.04	16.82
Enterprise Value to Free Cash Flow (EV/FCFF)	5.79	0.00	24.99	12.85	15.35	0.00	112.48	23.46	20.43	17.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.02	1.04	0.92	0.94	0.87	1.23	2.34	2.26	1.10	1.05
Long-Term Debt to Equity	1.01	1.02	0.90	0.92	0.86	1.20	2.11	1.80	1.10	0.91
Financial Leverage	0.96	0.79	0.87	0.82	0.75	0.90	2.09	2.01	0.96	0.88
Leverage Ratio	5.66	2.97	2.78	2.65	2.70	3.00	6.27	6.06	2.99	2.96
Compound Leverage Factor	7.66	2.39	2.05	2.22	2.34	2.48	5.32	4.97	1.96	2.65
Debt to Total Capital	100.61%	51.09%	47.91%	48.55%	46.63%	55.07%	53.89%	53.06%	52.37%	51.15%
Short-Term Debt to Total Capital	0.09%	0.96%	0.85%	1.12%	0.95%	1.16%	10.25%	10.70%	0.20%	6.77%
Long-Term Debt to Total Capital	50.21%	50.12%	47.06%	47.43%	45.68%	53.91%	97.52%	84.72%	52.17%	44.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.19%	0.20%	0.05%	0.06%	0.10%	0.56%	1.16%	0.64%	0.53%
Common Equity to Total Capital	49.70%	48.73%	51.89%	51.41%	53.30%	44.83%	45.55%	92.72%	46.99%	48.32%
Debt to EBITDA	-14.71	6.37	3.52	3.17	2.42	3.86	6.93	3.47	4.95	2.20
Net Debt to EBITDA	-5.78	5.64	3.08	2.83	1.88	3.44	5.93	6.24	4.13	1.76
Long-Term Debt to EBITDA	-14.68	6.25	3.46	3.09	2.37	3.78	3.11	2.77	4.93	1.91
Debt to NOPAT	-14.43	10.44	6.01	4.48	4.23	5.99	11.33	11.63	14.61	3.35
Net Debt to NOPAT	-5.67	9.25	5.26	4.01	3.29	5.33	4.81	5.18	12.18	2.67
Long-Term Debt to NOPAT	-14.41	10.24	5.90	4.38	4.15	5.86	5.08	9.28	14.55	2.91
Altman Z-Score	3.89	1.61	2.33	2.40	3.06	2.41	4.74	5.15	2.78	3.53
Noncontrolling Interest Sharing Ratio	0.00%	0.28%	0.38%	0.24%	0.10%	0.18%	1.51%	2.46%	1.29%	1.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.72	1.18	1.21	1.38	1.21	1.15	2.24	1.85	1.34	1.21
Quick Ratio	3.03	1.01	1.01	1.07	1.03	0.92	0.90	1.45	1.07	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	804	-4,254	462	779	1,010	-1,564	302	787	915	1,370
Operating Cash Flow to CapEx	1,365.52%	1,726.92%	720.55%	1,052.05%	3,968.00%	780.12%	1,986.54%	1,613.01%	562.80%	946.94%
Free Cash Flow to Firm to Interest Expense	10.72	-49.47	3.30	5.65	7.59	-8.73	1.64	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	5.28	5.22	3.76	5.57	7.46	7.45	11.23	4.98	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	9.79	4.92	3.24	5.04	7.27	6.50	10.10	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.69	1.13	1.12	1.15	1.22	1.12	1.07	2.19	1.20	1.29
Accounts Receivable Turnover	10.11	5.46	5.83	5.50	6.14	6.35	12.70	12.69	6.46	6.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	60.69	42.63	43.89	44.20	44.36
Fixed Asset Turnover	32.46	35.13	41.43	43.47	0.00	0.00	0.00	37.96	17.08	17.07
Accounts Payable Turnover	5.95	5.58	5.70	5.55	5.74	5.26	5.43	5.60	5.82	6.16
Days Sales Outstanding (DSO)	72.20	66.80	62.59	66.38	59.40	57.45	114.94	115.08	56.49	55.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	6.01	17.12	16.63	8.26	8.23
Days Payable Outstanding (DPO)	122.61	65.40	64.04	65.73	63.62	69.34	134.38	65.15	62.67	59.26
Cash Conversion Cycle (CCC)	10.90	1.41	-1.44	0.65	-4.22	-5.87	-2.31	1.42	2.08	4.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,496	6,065	6,121	6,039	5,735	8,091	8,693	8,757	8,163	8,187
Invested Capital Turnover	5.13	1.86	1.67	1.68	1.88	1.78	3.27	3.30	1.82	2.04
Increase / (Decrease) in Invested Capital	-954	4,569	56	-82	-304	2,356	602	64	-594	24
Enterprise Value (EV)	2,307	9,701	11,541	10,017	15,493	18,425	16,413	18,465	18,687	23,410
Market Capitalization	1,882	6,778	8,807	7,217	13,171	14,196	12,011	14,007	14,725	19,635
Book Value per Share	$14.42	$20.85	$22.28	$22.09	$24.11	$27.14	$30.58	$31.45	$30.55	$33.07
Tangible Book Value per Share	($2.21)	($20.46)	($16.26)	($14.72)	($14.33)	($25.77)	($25.87)	($24.50)	($18.75)	($16.41)
Total Capital	2,149	6,434	6,494	6,435	6,403	8,615	9,420	9,273	8,940	9,130
Total Debt	1,081	3,287	3,111	3,124	2,986	4,744	5,076	4,920	4,682	4,670
Total Long-Term Debt	1,079	3,225	3,056	3,052	2,925	4,644	4,593	3,928	4,664	4,052
Net Debt	425	2,911	2,721	2,797	2,318	4,220	4,349	4,404	3,905	3,727
Capital Expenditures (CapEx)	29	26	73	73	25	171	104	123	207	147
Debt-free, Cash-free Net Working Capital (DFCFNWC)	99	51	137	525	-128	8.00	146	172	256	449
Debt-free Net Working Capital (DFNWC)	755	427	527	852	540	532	873	688	1,033	1,392
Net Working Capital (NWC)	753	365	472	780	479	432	390	-304	1,015	774
Net Nonoperating Expense (NNE)	173	69	154	115	36	163	145	158	113	143
Net Nonoperating Obligations (NNO)	428	2,918	2,738	2,728	2,318	4,220	4,349	4,404	3,905	3,727
Total Depreciation and Amortization (D&A)	62	122	350	257	234	282	325	333	331	290
Debt-free, Cash-free Net Working Capital to Revenue	1.96%	0.72%	1.35%	5.15%	-1.15%	0.07%	2.13%	2.39%	1.66%	2.69%
Debt-free Net Working Capital to Revenue	14.91%	6.06%	5.18%	8.36%	4.87%	4.33%	12.71%	9.56%	6.69%	8.35%
Net Working Capital to Revenue	14.87%	5.18%	4.64%	7.65%	4.32%	3.51%	2.84%	-4.22%	6.57%	4.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.39	$2.41	$3.85	$4.66	$4.42	$5.34	$5.00	$1.45	$9.36
Adjusted Weighted Average Basic Shares Outstanding	0.00	150.35M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Adjusted Diluted Earnings per Share	$0.00	$2.35	$2.38	$3.80	$4.60	$4.36	$5.27	$4.96	$1.44	$9.22
Adjusted Weighted Average Diluted Shares Outstanding	0.00	150.35M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	150.35M	151.46M	146.16M	141.40M	141.89M	140.51M	136.94M	135.78M	131.17M
Normalized Net Operating Profit after Tax (NOPAT)	249	398	646	739	709	834	925	896	687	1,407
Normalized NOPAT Margin	9.84%	5.66%	6.36%	7.25%	6.40%	6.78%	6.74%	12.44%	4.45%	8.44%
Pre Tax Income Margin	-5.59%	4.52%	3.86%	5.98%	7.81%	6.35%	14.08%	12.31%	2.61%	9.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.57	4.58	3.81	5.29	7.51	5.28	12.51	5.45	0.00	0.00
NOPAT to Interest Expense	-2.00	3.66	3.70	5.05	5.31	4.43	4.91	4.28	0.00	0.00
EBIT Less CapEx to Interest Expense	-3.17	4.28	3.29	4.76	7.32	4.33	11.38	4.83	0.00	0.00
NOPAT Less CapEx to Interest Expense	-4.77	3.36	3.18	4.53	5.12	3.47	8.70	3.66	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-58.82%	461.38%	54.40%	34.02%	29.55%	30.52%	21.21%	59.45%	100.96%	17.11%
Augmented Payout Ratio	-191.95%	471.14%	62.91%	109.28%	97.91%	47.22%	113.57%	215.87%	219.23%	89.53%

This table displays calculated financial ratios and metrics derived from Leidos' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.59%	11.80%	5.87%	6.70%	8.68%	7.65%	7.46%	7.66%	6.86%	9.67%
EBITDA Growth	-10.66%	3.61%	-7.84%	15.64%	-171.88%	25.93%	41.69%	32.37%	332.02%	13.35%
EBIT Growth	-11.73%	-0.37%	-4.04%	20.00%	-223.62%	34.46%	59.77%	44.55%	254.03%	17.55%
NOPAT Growth	-14.54%	6.02%	-7.08%	22.46%	-212.79%	23.34%	52.01%	42.41%	268.98%	18.20%
Net Income Growth	-21.15%	2.27%	-14.69%	22.09%	-341.46%	27.78%	72.56%	54.29%	191.41%	22.61%
EPS Growth	-36.36%	9.68%	-6.40%	20.97%	-348.72%	29.23%	76.92%	58.00%	192.10%	25.00%
Operating Cash Flow Growth	29.03%	-82.08%	-410.75%	264.44%	9.05%	143.20%	164.29%	128.05%	-17.48%	-1.64%
Free Cash Flow Firm Growth	356.81%	139.48%	157.45%	-126.86%	-107.08%	462.72%	2,096.57%	1,954.53%	1,070.48%	-66.05%
Invested Capital Growth	-3.98%	0.74%	2.98%	3.59%	-2.35%	-6.78%	-8.13%	-9.23%	0.21%	0.29%
Revenue Q/Q Growth	0.31%	4.93%	0.11%	3.76%	2.16%	1.50%	-0.13%	3.95%	1.40%	4.18%
EBITDA Q/Q Growth	-3.35%	-0.28%	-2.87%	20.70%	-161.11%	274.70%	9.95%	12.76%	7.12%	-14.65%
EBIT Q/Q Growth	-1.45%	-2.95%	-2.25%	26.44%	-201.52%	207.16%	16.16%	14.39%	8.18%	-18.22%
NOPAT Q/Q Growth	1.31%	8.28%	-3.32%	20.83%	-192.71%	213.88%	19.16%	13.20%	10.01%	-20.34%
Net Income Q/Q Growth	-9.30%	19.51%	-17.78%	28.05%	-288.57%	158.08%	23.04%	14.49%	11.73%	-22.10%
EPS Q/Q Growth	-11.29%	11.11%	-10.00%	28.21%	-294.00%	157.73%	23.21%	14.49%	13.08%	-21.64%
Operating Cash Flow Q/Q Growth	1,520.00%	-165.71%	-356.80%	267.35%	384.76%	-61.76%	-79.28%	493.65%	75.40%	-54.42%
Free Cash Flow Firm Q/Q Growth	127.63%	-72.33%	-269.27%	-23.12%	39.98%	2,298.57%	22.89%	14.36%	-68.59%	-23.09%
Invested Capital Q/Q Growth	-6.30%	10.15%	3.91%	1.25%	-11.67%	0.31%	2.40%	0.05%	-2.49%	0.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.22%	14.09%	26.76%	14.77%	14.97%	14.95%	16.05%	17.06%	18.19%	15.88%
EBITDA Margin	19.51%	18.99%	18.55%	10.79%	-6.45%	11.11%	12.23%	13.26%	14.01%	11.48%
Operating Margin	7.79%	7.11%	7.16%	8.62%	-8.57%	9.07%	10.44%	11.50%	12.32%	9.64%
EBIT Margin	15.02%	7.22%	14.11%	8.60%	-8.54%	9.02%	10.49%	11.54%	12.32%	9.67%
Profit (Net Income) Margin	9.09%	9.74%	4.43%	5.47%	-10.10%	5.78%	7.12%	7.84%	8.64%	6.46%
Tax Burden Percent	148.42%	165.14%	158.45%	76.64%	102.06%	74.19%	76.90%	76.06%	77.02%	75.20%
Interest Burden Percent	163.10%	81.65%	160.49%	83.03%	115.82%	86.35%	88.25%	89.31%	91.09%	88.86%
Effective Tax Rate	51.58%	34.86%	41.55%	23.36%	0.00%	25.81%	23.10%	23.94%	22.98%	24.80%
Return on Invested Capital (ROIC)	19.28%	9.69%	18.48%	10.84%	-11.04%	12.28%	14.45%	15.93%	18.95%	14.78%
ROIC Less NNEP Spread (ROIC-NNEP)	8.62%	17.69%	16.54%	9.91%	-14.99%	11.37%	13.62%	15.04%	18.00%	13.88%
Return on Net Nonoperating Assets (RNNOA)	9.04%	17.80%	18.48%	10.69%	-14.61%	10.97%	13.47%	13.81%	15.06%	12.15%
Return on Equity (ROE)	37.36%	18.59%	36.96%	21.52%	-25.65%	23.25%	27.93%	29.74%	34.01%	26.93%
Cash Return on Invested Capital (CROIC)	14.02%	18.04%	12.94%	6.30%	5.61%	10.81%	13.60%	16.09%	16.31%	16.76%
Operating Return on Assets (OROA)	16.16%	7.90%	7.88%	9.85%	-10.02%	10.81%	12.71%	14.25%	15.36%	12.49%
Return on Assets (ROA)	9.78%	5.32%	9.90%	6.27%	-11.84%	6.93%	8.62%	9.68%	10.78%	8.34%
Return on Common Equity (ROCE)	18.44%	36.73%	18.24%	21.25%	-25.31%	22.95%	27.58%	29.38%	33.59%	26.61%
Return on Equity Simple (ROE_SIMPLE)	16.86%	0.00%	30.85%	15.62%	3.81%	0.00%	7.68%	9.90%	25.99%	0.00%
Net Operating Profit after Tax (NOPAT)	209	217	210	254	-235	268	319	361	397	317
NOPAT Margin	11.56%	5.87%	11.35%	6.61%	-6.00%	6.73%	8.03%	8.74%	9.49%	7.25%
Net Nonoperating Expense Percent (NNEP)	2.05%	0.85%	1.94%	0.93%	3.96%	0.91%	0.83%	0.89%	0.95%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	2.34%	-	-	-	3.00%	-	-	-	3.47%
Cost of Revenue to Revenue	85.78%	171.82%	173.24%	85.23%	85.03%	85.05%	83.95%	82.94%	81.81%	84.12%
SG&A Expenses to Revenue	6.43%	11.96%	12.60%	6.18%	6.10%	5.85%	5.69%	5.59%	5.90%	6.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.89%	7.30%	12.60%	6.15%	23.74%	6.43%	5.61%	5.57%	6.11%	5.75%
Earnings before Interest and Taxes (EBIT)	271	267	261	330	-335	359	417	477	516	422
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	352	351	343	414	-253	442	486	548	587	501
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.85	3.26	5.67	2.60	3.02	3.51	4.21	4.42	4.66	4.45
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.82	0.97	1.71	0.81	0.83	0.95	1.14	1.23	1.32	1.18
Price to Earnings (P/E)	34.45	20.45	37.19	16.88	85.12	74.00	55.87	45.13	17.95	15.66
Dividend Yield	3.38%	2.81%	1.60%	1.65%	1.58%	1.36%	1.13%	1.03%	0.95%	1.05%
Earnings Yield	5.87%	9.77%	10.87%	5.92%	1.17%	1.35%	1.79%	2.22%	5.57%	6.39%
Enterprise Value to Invested Capital (EV/IC)	3.84	4.26	3.78	1.80	2.03	2.29	2.64	2.82	3.07	2.86
Enterprise Value to Revenue (EV/Rev)	1.12	2.59	2.35	1.12	1.09	1.21	1.40	1.47	1.54	1.41
Enterprise Value to EBITDA (EV/EBITDA)	22.76	26.40	24.64	11.35	19.30	19.75	20.23	19.28	12.15	11.03
Enterprise Value to EBIT (EV/EBIT)	14.62	17.02	32.28	14.67	31.56	30.39	28.58	25.69	14.16	12.78
Enterprise Value to NOPAT (EV/NOPAT)	38.09	21.70	41.11	18.62	62.12	58.30	49.29	41.85	18.62	16.79
Enterprise Value to Operating Cash Flow (EV/OCF)	14.71	18.61	43.07	18.01	16.74	16.04	16.62	15.35	17.94	16.82
Enterprise Value to Free Cash Flow (EV/FCFF)	13.31	23.46	59.98	29.03	35.75	20.43	18.56	16.68	18.85	17.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.42	2.26	2.25	1.05	1.11	1.10	1.08	1.04	1.00	1.05
Long-Term Debt to Equity	1.92	0.90	1.05	1.00	1.11	1.10	1.07	0.91	0.87	0.91
Financial Leverage	1.05	1.01	2.23	1.08	0.97	0.96	0.99	0.92	0.84	0.88
Leverage Ratio	3.18	6.06	3.09	2.98	3.10	2.99	2.96	2.83	2.94	2.96
Compound Leverage Factor	5.18	5.06	4.96	2.47	3.59	2.58	2.61	2.53	2.68	2.63
Debt to Total Capital	54.72%	106.11%	105.80%	51.24%	52.71%	52.37%	52.04%	50.90%	50.03%	51.15%
Short-Term Debt to Total Capital	11.24%	10.70%	3.58%	2.30%	0.20%	0.20%	0.48%	6.17%	6.34%	6.77%
Long-Term Debt to Total Capital	86.97%	84.72%	98.65%	48.94%	52.51%	52.17%	51.56%	44.73%	43.69%	44.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.16%	1.16%	1.16%	0.59%	0.64%	0.64%	0.61%	0.60%	0.57%	0.53%
Common Equity to Total Capital	44.70%	46.36%	46.52%	48.18%	46.65%	46.99%	47.35%	48.50%	49.40%	48.32%
Debt to EBITDA	7.12	3.47	3.57	3.35	5.48	4.95	4.30	3.82	2.27	2.20
Net Debt to EBITDA	5.97	6.24	6.65	3.12	4.60	4.13	3.72	3.15	1.69	1.76
Long-Term Debt to EBITDA	5.65	5.56	3.33	3.20	5.46	4.93	4.26	3.36	1.98	1.91
Debt to NOPAT	11.91	11.63	11.99	5.50	17.63	14.61	10.47	8.30	3.47	3.35
Net Debt to NOPAT	9.99	10.41	11.09	5.13	14.81	12.18	9.05	6.84	2.59	2.67
Long-Term Debt to NOPAT	4.69	4.62	11.18	5.25	17.56	14.55	10.37	7.29	3.03	2.91
Altman Z-Score	4.30	4.74	2.34	2.43	2.31	2.71	2.98	3.15	3.25	3.18
Noncontrolling Interest Sharing Ratio	1.25%	2.46%	1.27%	1.25%	1.32%	1.29%	1.25%	1.21%	1.24%	1.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.92	1.16	1.25	1.31	1.34	1.35	1.21	1.23	1.21
Quick Ratio	1.49	1.45	1.83	0.98	1.05	1.07	1.09	0.98	1.03	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	554	153	-53	-65	-39	862	1,059	1,211	380	293
Operating Cash Flow to CapEx	2,700.00%	471.70%	-502.56%	410.00%	1,590.00%	389.74%	370.59%	1,626.09%	2,852.17%	347.67%
Free Cash Flow to Firm to Interest Expense	22.14	3.00	-0.98	0.00	0.00	0.00	21.62	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	14.58	2.45	-3.63	0.00	0.00	0.00	1.29	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	14.04	0.00	-2.54	0.00	0.00	0.00	0.94	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.15	1.09	2.23	1.15	1.17	1.20	1.21	1.23	1.25	1.29
Accounts Receivable Turnover	12.41	12.69	11.83	6.06	6.40	6.46	6.01	6.29	6.31	6.57
Inventory Turnover	87.50	87.79	86.59	42.77	44.70	44.20	43.13	41.94	43.94	44.36
Fixed Asset Turnover	42.58	18.98	36.59	18.59	18.87	17.08	16.59	16.74	16.89	17.07
Accounts Payable Turnover	5.46	11.21	5.80	6.34	5.74	5.82	6.04	6.41	6.02	6.16
Days Sales Outstanding (DSO)	58.80	57.54	123.42	60.26	57.03	56.49	60.75	58.06	57.83	55.58
Days Inventory Outstanding (DIO)	16.69	16.63	8.43	8.53	8.17	8.26	8.46	8.70	8.31	8.23
Days Payable Outstanding (DPO)	133.81	130.29	125.92	57.59	63.56	62.67	60.40	56.92	60.60	59.26
Cash Conversion Cycle (CCC)	0.24	1.42	7.18	11.21	1.64	2.08	8.81	9.85	5.54	4.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,334	8,757	9,099	9,213	8,138	8,163	8,359	8,363	8,155	8,187
Invested Capital Turnover	1.67	3.30	3.26	1.64	1.84	1.82	1.80	1.82	2.00	2.04
Increase / (Decrease) in Invested Capital	-345	64	263	319	-196	-594	-740	-850	17	24
Enterprise Value (EV)	15,874	37,271	17,051	16,568	16,505	18,687	22,035	23,584	25,057	23,410
Market Capitalization	11,626	28,355	24,989	11,952	12,513	14,725	17,934	19,676	21,516	19,635
Book Value per Share	$29.93	$31.45	$32.20	$33.51	$30.19	$30.55	$31.49	$32.95	$34.25	$33.07
Tangible Book Value per Share	($25.70)	($24.50)	($23.34)	($21.54)	($19.26)	($18.75)	($18.27)	($16.56)	($15.34)	($16.41)
Total Capital	9,141	9,273	9,478	9,542	8,888	8,940	8,992	9,186	9,340	9,130
Total Debt	5,002	4,920	5,014	4,889	4,685	4,682	4,679	4,676	4,673	4,670
Total Long-Term Debt	3,975	3,928	4,675	4,670	4,667	4,664	4,636	4,109	4,081	4,052
Net Debt	4,195	4,404	4,635	4,560	3,935	3,905	4,046	3,853	3,488	3,727
Capital Expenditures (CapEx)	27	53	39	40	50	78	17	23	23	86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-80	172	464	611	219	256	476	468	290	449
Debt-free Net Working Capital (DFNWC)	727	688	843	940	969	1,033	1,109	1,291	1,475	1,392
Net Working Capital (NWC)	-300	-304	504	721	951	1,015	1,066	724	883	774
Net Nonoperating Expense (NNE)	45	37	46	44	161	38	36	37	35	35
Net Nonoperating Obligations (NNO)	4,195	4,404	4,635	4,560	3,935	3,905	4,046	3,853	3,488	3,727
Total Depreciation and Amortization (D&A)	81	84	82	84	82	83	69	71	71	79
Debt-free, Cash-free Net Working Capital to Revenue	-1.13%	2.39%	3.18%	4.12%	1.45%	1.66%	3.03%	2.92%	1.78%	2.69%
Debt-free Net Working Capital to Revenue	10.25%	9.56%	11.55%	6.33%	6.39%	6.69%	7.06%	8.06%	9.06%	8.35%
Net Working Capital to Revenue	-4.23%	-2.11%	3.45%	4.86%	6.28%	6.57%	6.78%	4.52%	5.42%	4.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$1.31	$1.18	$1.51	($2.91)	$1.67	$2.09	$2.39	$2.72	$2.16
Adjusted Weighted Average Basic Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M
Adjusted Diluted Earnings per Share	$1.17	$1.30	$1.17	$1.50	($2.91)	$1.68	$2.07	$2.37	$2.68	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	136.69M	136.94M	137.17M	137.35M	137.51M	135.78M	135.21M	134.71M	133.43M	131.17M
Normalized Net Operating Profit after Tax (NOPAT)	211	221	212	258	249	275	322	367	404	318
Normalized NOPAT Margin	11.72%	11.97%	5.74%	6.73%	6.36%	6.92%	8.11%	8.87%	9.65%	7.29%
Pre Tax Income Margin	12.25%	11.79%	11.19%	7.14%	-9.90%	7.79%	9.26%	10.31%	11.22%	8.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.42	5.24	9.67	0.00	0.00	0.00	8.51	0.00	0.00	0.00
NOPAT to Interest Expense	8.34	0.00	7.78	0.00	0.00	0.00	6.51	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	9.76	4.20	4.11	0.00	0.00	0.00	8.16	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	3.63	3.22	6.33	0.00	0.00	0.00	6.17	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.61%	29.73%	30.00%	28.69%	132.91%	100.96%	65.14%	48.53%	17.51%	17.11%
Augmented Payout Ratio	107.40%	215.87%	77.35%	36.63%	167.09%	219.23%	183.18%	161.90%	76.06%	89.53%

Frequently Asked Questions About Leidos' Financials

When does Leidos's financial year end?

According to the most recent income statement we have on file, Leidos' fiscal year ends in January. Their fiscal year 2025 ended on January 3, 2025.

How has Leidos' net income changed over the last 9 years?

Leidos' net income appears to be on an upward trend, with a most recent value of $1.25 billion in 2024, falling from -$323 million in 2015. The previous period was $208 million in 2023.

What is Leidos's operating income?

Leidos's total operating income in 2024 was $1.83 billion, based on the following breakdown:

Total Gross Profit: $2.80 billion
Total Operating Expenses: $960 million

How has Leidos revenue changed over the last 9 years?

Over the last 9 years, Leidos' total revenue changed from $5.06 billion in 2015 to $16.66 billion in 2024, a change of 229.1%.

How much debt does Leidos have?

Leidos' total liabilities were at $8.64 billion at the end of 2024, a 2.5% increase from 2023, and a 275.5% increase since 2015.

How much cash does Leidos have?

In the past 9 years, Leidos' cash and equivalents has ranged from $327 million in 2018 to $943 million in 2024, and is currently $943 million as of their latest financial filing in 2024.

How has Leidos' book value per share changed over the last 9 years?

Over the last 9 years, Leidos' book value per share changed from 14.42 in 2015 to 33.07 in 2024, a change of 129.3%.

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This page (NYSE:LDOS) was last updated on 4/17/2025 by MarketBeat.com Staff

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Leidos (LDOS) Financials

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