What is the 13F Pro Quality Score for LDOS?

13F Pro ranks Leidos Holdings, Inc. (LDOS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LDOS's current score at https://13fpro.ai/research/LDOS (free sign-up required for the full ranking).

Which hedge funds own the most LDOS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LDOS include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/LDOS as soon as new 13F filings post.

Where does 13F Pro source LDOS data?

All Leidos Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Leidos Holdings, Inc. files with the SEC under CIK 1336920. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LDOS in?

Leidos Holdings, Inc. (LDOS) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives LDOS's revenue?

Per Leidos Holdings, Inc.'s latest 10-Q filed with the SEC on 2026-05-05, the biggest revenue drivers are: Health ($1,188M, flat YoY); Intelligence & Digital ($1,513M, +7.5% YoY); Homeland ($816M, +6.0% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/LDOS.

What are LDOS's largest expenses?

Leidos Holdings, Inc.'s latest 10-Q reports these as the largest expense items: Cost of revenues ($3,639M, +4.3% YoY); Interest expense, net ($55M, +12.2% YoY); Selling, general and administrative expenses ($223M, -3.0% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2026 (quarter ended April 3, 2026).

How often is LDOS research updated on 13F Pro?

LDOS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Leidos Holdings, Inc.(LDOS)Stock Analysis

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13F Pro Quality Score

73.4/100

Rank #199 of 2,879 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

54.8/100

Profitability

73.9/100

Balance Sheet

87.9/100

Earnings Quality

94.6/100

Free Cash Flow

59.2/100

Institutional Flow

69.7/100

Revenue Scale

91.8/100

Dilution Risk

72.8/100

LDOS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Leidos Holdings, Inc. (LDOS), a Technology sector company. 13F Pro's AI-powered ranking engine scores LDOS at 73.4/100 on a 32-signal composite quality model, placing it at rank #199 of 2,879 stocks — the top 10% of the AI-ranked universe. LDOS scores in the top quartile across earnings quality (94.6), revenue scale (91.8), balance sheet strength (87.9). Based on the latest XBRL financial filings (Q1 2026), Leidos Holdings, Inc. reports quarterly revenue of $4.4B, net income of $328.0M, an operating margin of 11.6%. Top institutional holders of LDOS by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. LDOS trades on the NYSE exchange and files with the SEC under CIK 1336920. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LDOS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Leidos Holdings, Inc. directly from SEC EDGAR. Leidos Holdings, Inc.'s 13F Pro composite quality score has ranged between 8 and 74 since 2021, currently 73.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about Leidos Holdings, Inc.

Quirks, history, and lore behind LDOS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology and engineering services company · large-cap · listed on the NYSE · headquartered in Northern Virginia.
2
The Numbers
Annual revenue in the range of $15 billion, with the U.S. federal government accounting for the overwhelming majority of its business — think of it as a tech company whose only real customer wears a uniform.
3
The History
Its roots trace back to Science Applications International Corporation (SAIC), one of the largest government contractors in the world — this company was spun off from SAIC in 2013 and promptly struck out on its own.
4
The Secret
It works heavily in national security, intelligence, and defense — the kind of contracts where the details are classified and the customers carry security clearances.
5
The Lore
It is one of the largest IT and engineering services providers to the U.S. Department of Defense and intelligence community, employing tens of thousands of people with security clearances.
6
The Giveaway
Spun out of SAIC, headquartered in Reston, Virginia, and trading under the ticker LDOS — if your job is keeping America's most sensitive systems running, you've heard of this one.

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What's Driving LDOS's Business? Latest 10-Q Breakdown

AI-extracted from Leidos Holdings, Inc.'s 10-Q filed 2026-05-05 — Q1 FY2026 (quarter ended April 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Leidos revenue grew 3.7% YoY to $4.4B in Q1, driven by Intelligence & Digital (+7.5%) and Homeland (+6.0%), though operating margin compressed to 11.5% from 12.5% amid integration costs from the $2.4B Entrust acquisition.

Biggest Revenue Drivers

Total revenue: $4.4B+3.7% YoY

Health$1,188Mflat YoY

Revenues remained consistent; net write-ups on managed health services programs offset net decrease in volumes.

Intelligence & Digital$1,513M+7.5% YoY

Program wins and $22M from Kudu Dynamics acquisition, partially offset by program completions and net volume decreases.

Homeland$816M+6.0% YoY

Net volume increases, $23M favorable FX impact, program wins and $11M from Entrust acquisition; partially offset by program write-downs.

Defense$883M+0.5% YoY

Program wins partially offset by contract completions.

Largest Expense Items

Cost of revenues$3,639M+4.3% YoY

Grew faster than revenue; net program write-downs and contract completion costs offset partially by volume gains.

Interest expense, net$55M+12.2% YoY

Increased from debt issuances ($600M and $800M senior notes) and bridge facility termination fees related to Entrust acquisition.

Selling, general and administrative expenses$223M-3.0% YoY

Decreased from prior year quarter.

Margins: Operating margin compressed 100 bps to 11.5% from 12.5% YoY, driven by unfavorable contract estimate changes (net $9M negative impact), program write-downs in Homeland and Defense, and $29M in Entrust acquisition and integration costs, partially offset by program wins and efficiencies in Intelligence & Digital.

Watch Items from the Filing

Unfavorable contract estimate changes totaled $46M vs. $23M prior year; net negative impact of $9M on Q1 EPS. Signals potential execution risk or scope challenges on existing programs.
Homeland segment operating margin collapsed to 4.0% from 7.9% YoY, largely due to $25M increase in acquisition/integration costs for Entrust and net program write-downs, indicating integration complexity and near-term profitability headwinds.
Goodwill increased $1.75B to $8.1B at April 3, 2026 from $6.3B Jan 2, 2026, primarily from Entrust acquisition with $1.75B preliminary goodwill; purchase price allocation still under finalization and subject to material change.
Company received Federal Grand Jury Subpoena in August 2022 for DOJ Antitrust Division criminal investigation regarding three 2021-2022 government procurements; outcome and liability amount cannot be reasonably estimated at this time.
Total backlog of $48.4B at April 3, 2026 vs. $46.3B prior year, with $19B remaining performance obligations expected to convert 62% over next 12 months and 82% within 24 months.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$4.4B

Net Income

Q1 2026

$328.0M

Free Cash Flow

Q1 2026

$270.0M

Operating Margin

Q1 2026

11.6%

D/E Ratio

Q1 2026

1.20

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+11.2% YoY

$17.17BFY 2025

FY21 $13.74BFY22 $14.40BFY23 $15.44BFY25 $17.17B

Net Income

+627.6% YoY

$1.45BFY 2025

FY21 $753.0MFY22 $685.0MFY23 $199.0MFY25 $1.45B

Operating Income

+239.6% YoY

$2.11BFY 2025

FY21 $1.15BFY22 $1.09BFY23 $621.0MFY25 $2.11B

EPS (Diluted)

+673.6% YoY

$11.14FY 2025

FY21 $5.27FY22 $4.96FY23 $1.44FY25 $11.14

Total Assets

+6.3% YoY

$13.49BFY 2025

FY21 $13.26BFY22 $13.07BFY23 $12.70BFY25 $13.49B

Total Debt

-0.7% YoY

$4.65BFY 2025

FY21 $5.08BFY22 $4.92BFY23 $4.68BFY25 $4.65B

Op. Cash Flow

+47.4% YoY

$1.75BFY 2025

FY21 $1.03BFY22 $992.0MFY23 $1.19BFY25 $1.75B

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$17.17B +11.2%	$15.44B +7.2%	$14.40B +4.8%	$13.74B +11.7%	$12.30B +10.8%	$11.09B
Net Income	$1.45B +627.6%	$199.0M -70.9%	$685.0M -9.0%	$753.0M +19.9%	$628.0M -5.8%	$667.0M
Operating Income	$2.11B +239.6%	$621.0M -42.9%	$1.09B -5.6%	$1.15B +15.4%	$998.0M +9.4%	$912.0M
EPS (Diluted)	$11.14 +673.6%	$1.44 -71.0%	$4.96 -5.9%	$5.27 +20.9%	$4.36 -5.2%	$4.60
Total Assets	$13.49B +6.3%	$12.70B -2.9%	$13.07B -1.4%	$13.26B +6.0%	$12.51B +33.6%	$9.37B
Total Debt	$4.65B -0.7%	$4.68B -4.8%	$4.92B -3.1%	$5.08B +4.8%	$4.84B +59.0%	$3.05B
Operating Cash Flow	$1.75B +47.4%	$1.19B +19.7%	$992.0M -4.0%	$1.03B -22.6%	$1.33B +34.5%	$992.0M

AI Insight: LDOS Financial Trends

Operating margin stabilized near 11.5% despite flat revenue growth; debt spike in Q2 2026 warrants scrutiny.

• Operating income margin held steady at 11.5%–12.9% across last four quarters, despite revenue oscillating between $4.2B–$4.5B.

• Net income recovered to $328M–$391M in Q3 2025–Q1 2026 after dipping to $284M in Q1 2025, signaling earnings stabilization.

• Operating cash flow rebounded to $711M in Q4 2025 and $495M in Q1 2026, reversing weakness in Q2 2025 ($58M).

⚠ Total debt jumped $1.4B to $6.0B in Q2 2026, highest since Q3 2024, while revenue declined 4.3% QoQ—leverage deteriorated sharply.

⚠ Operating cash flow collapsed to $301M in Q2 2026 from $495M prior quarter, despite higher reported revenue—potential working capital strain.

AI Insight: LDOS Ratio Trends

Operating and capital efficiency deteriorated in Q2 2026 after a strong 2025, with ROIC declining to 18.4% from 23.1% peak and net margin compressing to 7.4%.

• Operating margin slipped to 11.6% in Q2 2026 from 13.4% in Q3 2025, eroding recent gains and approaching pre-2025 levels.

• ROIC fell 4.7 percentage points from Q3 2025 peak (23.1%) to Q2 2026 (18.4%), reversing expansion achieved over prior two quarters.

• Debt-to-equity improved to 1.20 in Q2 2026 from 0.95 in prior quarter, reflecting increased leverage despite efficiency headwinds.

⚠ ROE dropped to 26.2% in Q2 2026 from 29.9% in Q4 2025, signaling deteriorating shareholder capital deployment.

⚠ NPM compressed 80bp sequentially to 7.4%, lowest since Q1 2025, suggesting margin pressure intensifying into Q2 2026.

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Available Research

13F Pro tracks comprehensive data for Leidos Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LDOS

BlackRock, Inc.
$1.5B9,496,886 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.3B8,260,970 sh
STATE STREET CORP
$951.2M6,116,438 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$851.2M5,473,267 sh
GEODE CAPITAL MANAGEMENT, LLC
$562.2M3,627,020 sh
Boston Partners
$382.1M2,454,639 sh
Invesco Ltd.
$371.9M2,391,162 sh
FMR LLC
$342.0M2,198,771 sh
ALLIANCEBERNSTEIN L.P.
$296.8M1,644,962 sh
DIMENSIONAL FUND ADVISORS LP
$289.2M1,859,616 sh

Fund	Value	Shares
BlackRock, Inc.	$1.5B	9,496,886
VANGUARD CAPITAL MANAGEMENT LLC	$1.3B	8,260,970
STATE STREET CORP	$951.2M	6,116,438
VANGUARD PORTFOLIO MANAGEMENT LLC	$851.2M	5,473,267
GEODE CAPITAL MANAGEMENT, LLC	$562.2M	3,627,020
Boston Partners	$382.1M	2,454,639
Invesco Ltd.	$371.9M	2,391,162
FMR LLC	$342.0M	2,198,771
ALLIANCEBERNSTEIN L.P.	$296.8M	1,644,962
DIMENSIONAL FUND ADVISORS LP	$289.2M	1,859,616

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Is LDOS a good stock to buy?

13F Pro's AI-powered analysis of Leidos Holdings, Inc. (LDOS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LDOS are available on the LDOS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LDOS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LDOS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Leidos Holdings, Inc.'s investment landscape.