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Leidos Holdings LDOS Free cash flow margin

Free cash flow margin at other companies

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General DynamicsGD
11.5%+4.7pp
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18.7%-1.3pp
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9.4%+2.8pp
Lockheed Martin logo
Lockheed MartinLMT
7.7%+0.8pp
Northrop Grumman logo
Northrop GrummanNOC
7.8%+3.4pp
Accenture logo
AccentureACN
17.2%+2.3pp

Other financials

Income statement

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Revenue$4.4B+3.7%
Gross profit$761.0M+0.5%
Operating income$508.0M-4.2%
Net income$328.0M-9.6%
EPS (diluted)$2.56-7.6%

Balance sheet

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Cash & equivalents$538.0M-41.8%
Total debt$6.7B+13.8%
Total equity$5.0B+17.8%
Total assets$15.4B+16.6%

Cash flow

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Operating cash flow$301.0M+419%
CapEx$31.0M+40.9%
Free cash flow$270.0M+650%

Valuation

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Market cap$13.67B+0.7%
Enterprise value$19.8B+5.6%
P/E9.7×-0.5×
P/S0.8×0.0×

Profitability

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Gross margin17.9%+0.7pp
Operating margin12%+0.6pp
Net margin8.2%+0.3pp

Returns & leverage

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Return on equity30.5%-0.8pp
Debt / equity1.3×0.0×
Current ratio1.4×-0.1×

Where this comes from

Calculated from Leidos Holdings’s reported figures.

Based on trailing twelve months.

The official record: Leidos Holdings’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Leidos Holdings's free cash flow margin?
Leidos Holdings (LDOS) reported free cash flow margin of 10.7% in Q1 2026.
How has Leidos Holdings's free cash flow margin changed year-over-year?
Leidos Holdings's free cash flow margin increased by 48.2% year-over-year, from 7.2% to 10.7%.
What is the long-term trend for Leidos Holdings's free cash flow margin?
Over 4 years (2021 to 2025), Leidos Holdings's free cash flow margin has grown at a 4.4% compound annual growth rate (CAGR), from 27.3% to 32.4%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.