Leidos Holdings, Inc.

LDOSNYSETechnology● Active

$122.88

$-1.55(-1.25%)

Market Cap$15.5B

P/E Ratio—

52W High$205.77

52W Low$121.2

Avg Volume1.2M

Open$123.79

Beta0.52

Free Cash Flow Financials Revenue

Leidos Holdings, Inc. (LDOS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LDOS · free cash flow · updated Jun 8, 2026

Core FCF metrics

LDOS · FCF · TTM · margin & CAGR

Free cash flow was $1.63B for FY2026 (fiscal year ending 2026-01-02), up 30.7% year-over-year The FCF margin was 9.5%. Five-year CAGR stands at +7.1%.

FY2026 Free Cash Flow$1.63B▲ +30.7% YoY

Trailing 12M (TTM)$1.86Btrailing 4 quarters sum

FCF Margin9.5%$1.63B ÷ revenue

3-Year CAGR+23.8%FY2023 → FY2026

5-Year CAGR+7.1%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LDOS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.75B(125M)$1.63B▲ +30.7%9.5%

FY2025$1.39B(149M)$1.24B▲ +29.7%7.5%

FY2023$1.17B(207M)$958.0M▲ +11.8%6.2%

FY2022$986.0M(129M)$857.0M▼ 7.6%6.0%

FY2021$1.03B(104M)$927.0M▼ 19.5%6.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LDOS · P/FCF · FCF yield · FCF per share

Leidos Holdings, Inc. (LDOS) trades at a FCF yield of 11.88% and a price-to-free-cash-flow ratio of 8.8x. FCF per share stands at $14.04, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.88%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$14.04

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-02

Cash flow statement summary

LDOS · cash flow statement · operating / investing / financing

For FY2026, Leidos Holdings, Inc. generated $1.75B in operating cash flow and spent 125M in capital expenditures, yielding $1.63B in free cash flow.

Operating Activities

+$1.75B

Cash from core business operations

2026-01-02

Investing Activities

−$421.0M

CapEx, acquisitions & investments

2026-01-02

Financing Activities

−$1.13B

Buybacks, dividends & debt

2026-01-02

FCF FormulaOperating CF ($1.75B) − |CapEx| (125M) = FCF ($1.63B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

LDOS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Leidos Holdings, Inc.YOU

LDOS

$1.63B+30.7%9.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Leidos Holdings, Inc. (LDOS) reported free cash flow of $1.63B for FY2026 (fiscal year ending 2026-01-02), up 30.7% year-over-year. The FCF margin was 9.5%.

Based on available data, Leidos Holdings, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.63B in FY2026. The 5-year CAGR stands at +7.1%.

Leidos Holdings, Inc.'s FCF yield is 11.88% and price-to-FCF ratio is 8.8x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LDOS free cash flow · 8 questions

Leidos Holdings, Inc. free cash flow was $1.63B for FY2026, up 30.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.86B.

LDOS free cash flowLDOS FCFLDOS FCF 2026LDOS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Leidos Holdings, Inc. · Leidos Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026