Direct Answer
Leidos reported revenue of $17.2 billion for the fiscal year ended January 2, 2026, with an operating margin of 12.3% and net income of $1.4 billion, according to its SEC filings. Revenue grew 3.1% from the prior year.
What Are Leidos's Key Financial Figures?
| Fiscal year | FY2025 ended January 2, 2026 | FY2024 ended January 3, 2025 | FY2023 ended December 29, 2023 | FY2022 ended December 30, 2022 |
|---|---|---|---|---|
| Revenue | $17.2 billion | $16.7 billion | $15.4 billion | $14.4 billion |
| Operating income | $2.1 billion | $1.8 billion | $621 million | $1.1 billion |
| Operating margin | 12.3% | 11.0% | 4.0% | 7.6% |
| Net income | $1.4 billion | $1.3 billion | $199 million | $685 million |
| Net margin | 8.4% | 7.5% | 1.3% | 4.8% |
| Operating cash flow | $1.8 billion | $1.4 billion | $1.2 billion | $992 million |
| Capital expenditures | $125 million | $149 million | $207 million | $129 million |
| Free cash flow | $1.6 billion | $1.3 billion | $980 million | $863 million |
Operating margin widened by 1.3 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.6 billion against net income of $1.4 billion; cash generation covered reported earnings.
What Does Leidos's Balance Sheet Show?
| Cash and cash equivalents | $1.1 billion |
|---|---|
| Long-term debt | $4.6 billion |
| Total assets | $13.5 billion |
| Total liabilities | $8.5 billion |
| Shareholders' equity | $4.9 billion |
| Current ratio | 1.7x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Leidos reported in its own SEC filings, read from the SEC's XBRL data (accession 0001336920-26-000030 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Leidos's revenue in fiscal 2025?
Leidos reported revenue of $17.2 billion for the fiscal year ended January 2, 2026, according to its SEC filings.
What is Leidos's operating margin?
Leidos's operating margin was 12.3% in fiscal 2025: operating income of $2.1 billion on revenue of $17.2 billion.
How much free cash flow did Leidos generate?
Operating cash flow of $1.8 billion less capital expenditures of $125 million gives free cash flow of $1.6 billion for fiscal 2025.