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Leidos (LDOS) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Leidos. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Leidos’s most recent SEC filings.

Revenue FY30
$23.31B
from $15.34B
FCF FY30
$1.21B
Margin 5.2%
Enterprise value
$17.56B
1.1× LTM revenue
Equity value
$13.53B
Net debt $4.03B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
8.7%
-10.0%baseline 8.7%40.0%
Gross margin
13.6%
5.0%baseline 13.6%90.0%
Capex % of revenue
1.1%
0.0%baseline 1.1%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Leidos forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Leidos do?+

Leidos is a Fortune 500 science, engineering, and information technology company that provides services and solutions to the defense, intelligence, civil, and health markets. It primarily acts as a prime contractor for the US government, delivering digital modernisation, cyber security, mission software, and managed health services.

What are Leidos's main sources of revenue?+

Approximately 87% of Leidos's revenue is derived from the US government, with additional contributions from international markets like Australia and the UK, and commercial clients. The company's business is heavily reliant on human capital and long-term government contracts across its National Security & Digital, Health & Civil, and Defense Systems segments.

What is Leidos's capital expenditure strategy?+

Leidos's capital expenditure as a percentage of revenue is typically 1.5% to 2.0%, historically focused on maintenance. However, the company is shifting towards growth capex, tripling investments to approximately $350 million for AI, cloud infrastructure, and facility upgrades for hypersonics.

Why is a financial model important for valuing Leidos?+

A financial model for Leidos evaluates its equity valuation and free cash flow generation to help determine if its NorthStar 2030 strategy and shift towards higher-margin technology integration justify its current market premium. It provides a structured way to analyze the company's future performance and intrinsic value.

Where can I find a financial model for Leidos (LDOS)?+

A downloadable Excel financial model for Leidos (LDOS) is available, forecasting the company's performance from FY2026 to FY2030. This general corporate model allows users to analyze key assumptions like revenue growth, margins, and capital expenditure.

What is Leidos's competitive position in the market?+

Leidos is recognized as the largest IT contractor to the US federal government, competing directly with companies like Booz Allen Hamilton, CACI International, and SAIC. Its asset-light business model focuses on IT services, systems integration, and managed services.

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