Leidos Holdings (LDOS) FY2024 results: revenue $16.7 billion, up 7.9% on the year
Leidos Holdings, Inc. (LDOS) reported revenue of $16.7 billion for fiscal 2024, the year ended 3 January 2025, up 7.9% on the year before. Net income was $1.3 billion, up 530.2%, and diluted earnings per share $9.22. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$16.7 billion
+7.9% on the year
FY2017FY2024
Operating margin
11.0%
4.0% a year earlier
FY2017FY2024
Net income
$1.3 billion
+530.2% on the year
FY2017FY2024
Diluted EPS
$9.22
+540.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,435
1,187
992
+20.9%
Capital expenditure
149
207
129
-28.0%
Free cash flow
1,286
980
863
+31.2%
Free cash flow margin
7.7%
6.3%
6.0%
Cash from investing
-142
-211
-313
Cash from financing
-1,084
-715
-865
Depreciation and amortisation
290
331
333
-12.4%
Share-based compensation
85.0
77.0
73.0
+10.4%
Buybacks
850
225
0.0
+277.8%
Dividends paid
208
201
199
+3.5%
Dividend per share
$1.54
$1.46
$1.44
+5.5%
Diluted shares, weighted
136m
138m
138m
-1.4%
Shares outstanding at period end
131m
136m
137m
-3.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,412
4,201
4,299
+5.0%
Non-controlling interest
48.0
57.0
54.0
-15.8%
Debt
4,670
4,682
4,920
-0.3%
Operating lease liabilities
621
516
570
+20.3%
Finance lease liabilities
54.0
73.0
38.0
-26.0%
Other liabilities
3,205
3,166
3,190
+1.2%
Total liabilities and equity
13,010
12,695
13,071
+2.5%
Goodwill
6,084
6,112
6,696
-0.5%
Intangible assets
517
667
952
-22.5%
Cash and equivalents
849
641
516
+32.4%
Receivables
2,645
2,429
2,350
+8.9%
Inventory
315
310
287
+1.6%
Other assets
2,600
2,536
2,270
+2.5%
Total assets
13,010
12,695
13,071
+2.5%
10-K for the year ended 3 January 2025, filed 11 February 2025: the filing.