LDOS
Unloved QualityAI neutralLeidos Holdings, Inc. · Technology · United States · $17.1B cap · $149.3M/day traded
$133.89 -2.4% · close 11 Nov · scored 11 Nov
Unloved Quality: Strong and cheap, but the market has not warmed to it.
After its 3 Nov results, analysts cut next year's EPS estimate 5.7%.
As of 11 Nov 2026, the MoatMap Score for Leidos Holdings, Inc. (LDOS) is 79/100, ranked against 25,000+ stocks in 38 markets (Quality 65, Value 70, Momentum 42, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
Leidos is a large US government technology contractor for defence, intelligence, health and civil agencies, with a growing role in airborne surveillance and cyber defence. It trades on an undemanding valuation, carries a large backlog and is buying back shares. Its business is largely labour-based services priced by contract, however, and the shares have lagged. Only a small amount of insider selling has been filed, so the macro tailwind is less direct than for hardware-heavy defence names.
ABOUT LEIDOS HOLDINGS, INC.
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Leidos Holdings, Inc. is a global science and technology solutions company primarily serving the U.S. government's defense, intelligence, homeland security, and civil agencies, alongside commercial health markets. Its competitive moat lies in deep domain expertise, a strong track record of securing and executing large-scale, complex government contracts, and advanced capabilities in areas such as cybersecurity, AI, and systems integration. Leidos is a prominent prime contractor for mission-critical national security and health programs.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.4B | 15.4B | 16.7B | 17.2B | 6.1% | 17.8B | 18.1B | 18.6B | 2.7% |
| EPS | 5.00 | 1.45 | 9.36 | 11.31 | 31.3% | 11.19 | 11.87 | 11.15 | -0.5% |
| Shares | 137.0M | 135.8M | 131.2M | 126.4M | -7.8% | 122.0M | — | — | — |
| Debt | 5.5B | 5.2B | 5.3B | 5.2B | -1.6% | 6.6B | — | — | — |
| Equity | 4.3B | 4.2B | 4.4B | 4.9B | 4.6% | — | — | — | — |
| Op CF | 992.0M | 1.2B | 1.4B | 1.8B | 20.8% | 2.1B | — | — | — |
| Inv CF | -313.0M | -211.0M | -142.0M | -405.0M | — | — | — | — | — |
| Fin CF | -865.0M | -715.0M | -1.1B | -1.1B | — | — | — | — | — |
No new 52-week low for 18 weeks, 39% above that low, but not back above a rising 50-day average.
Calmer than 62% of stocks we rank over the past year (volatility 36% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of LDOS are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| LDOS | Leidos Holdings, Inc.(you) | $17.1B | 79 |
| CACI | CACI International Inc | $14.0B | 80 |
| BR | Broadridge Financial Solutions, Inc. | $20.7B | 77 |
| CDW | CDW Corporation | $20.6B | 88 |
| IT | Gartner, Inc. | $14.5B | 95 |
| JKHY | Jack Henry & Associates, Inc. | $11.4B | 92 |
| FIS | Fidelity National Information Services, Inc. | $19.4B | 57 |
| INGM | Ingram Micro Holding Corporation | $6.4B | 89 |
| SAIC | Science Applications International Corporation | $6.1B | 88 |
| CTSH | Cognizant Technology Solutions Corporation | $31.8B | 97 |
Peer medians: ROE 6.0% · P/E 29.2x · Gross margin 52.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.