Leidos Holdings Inc

Strong Financial Performance in 2025: Leidos reported revenue of $17.2 billion for the fiscal year 2025, a 3.1% year-over-year increase. Although Q4 revenue decreased by 3.6% due to a six-week government shutdown and an extra work week in 2024, when adjusted for these factors, Q4 revenue grew approximately 4%. Non-GAAP diluted earnings per share (EPS) increased by 17%, demonstrating consistent growth in earnings and overall financial health.

Impressive Book-to-Bill Ratio and Backlog Increase: Leidos secured $5.6 billion in net bookings in Q4 2025, maintaining a strong book-to-bill ratio of 1.3. The company also reported a 15% increase in year-over-year funded backlog, which underscores its alignment with government priorities and enhances growth visibility.

Increased Capital Expenditures for Growth: The company plans to triple its capital expenditure to $350 million in 2026, primarily focused on expanding production capacity and supporting defense and energy infrastructure growth sectors. This move is aimed at capitalizing on new co-investment opportunities and strengthening its competitive position in high-priority national security markets.