Leidos Holdings, Inc（LDOS）の決算・業績分析
Leidos Holdings, Incの2025年有価証券報告書をAI分析。売上高$17.1B(+3.2%)。営業利益$2.1B。Information Technology。
目次
Leidos Holdings, Incの2025年度 業績サマリー
Leidos Holdings, Inc（証券コード: LDOS）の2025年度決算・業績分析。売上高は$17.1B（前年比+3.2%）。営業利益は$2.1B（前年比+15.4%）。純利益は$1.4B（前年比+15.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Leidos Holdings, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 4.9% YoY to $14.3B (XBRL), but operating income fell 5.6% YoY to $1.1B (XBRL) and net income declined 9.0% YoY to $685M (XBRL).
- Operating cash flow remained stable at $992M (XBRL), but net debt-to-equity rose to 2.01x (XBRL) despite $516M in cash (XBRL).
- Five-year revenue CAGR of 8.5% (XBRL) masks declining operating income and net income CAGRs of -3.7% and -19.3% (XBRL), respectively.
Leidos Holdings, Incの売上高変化の要因
- •FY2024 revenue of $14.3B (XBRL) reflects a 4.9% YoY increase, continuing a 5-year CAGR of 8.5% (XBRL). However, operating income declined 5.6% YoY to $1.1B (XBRL), and net income fell 9.0% YoY to $685M (XBRL). The historical time series shows operating income peaking at $1.2B in FY2023 before declining to $1.1B in FY2024 (XBRL), while net income dropped from $753M in FY2023 to $685M in FY2024 (XBRL).
Leidos Holdings, Incの営業利益変化の要因
- •Operating margin of 7.6% (XBRL) and net margin of 4.8% (XBRL) indicate moderate efficiency. EBITDA of $1.4B (XBRL) with a 9.9% margin suggests strong cash generation from operations. However, operating income fell 5.6% YoY (XBRL), and net income declined 9.0% YoY (XBRL), reflecting increased costs or margin compression. The 5-year operating income CAGR of -3.7% (XBRL) and net income CAGR of -19.3% (XBRL) highlight long-term profitability challenges.
Leidos Holdings, Incの事業リスクと対応
Heavy reliance on government contracts exposes Leidos to budget cuts or delays (10-K).
Contract termination or modification by the U.S. government could reduce profitability (10-K).
Intense competition may limit revenue growth and profitability (10-K).
Geopolitical events could disrupt operations and markets (10-K).
Non-compliance with procurement rules may lead to penalties or contract disqualification (10-K).
Leidos Holdings, Incの事業内容
Leidos Holdings, Inc. (LDOS) operates as a defense and security services provider, with revenue primarily derived from U.S. government contracts. The company's business model relies on long-term contracts for intelligence, cyber, and logistics services. Competitive pressures and regulatory compliance risks are central to its operational environment, as highlighted in the 10-K. While the company maintains a diversified portfolio, its reliance on government spending remains a key structural factor.
Leidos Holdings, IncのAI業績分析レポート（2024年度）
Leidos Holdings, Inc. (LDOS) FY2024 Annual Report Analysis
Highlights
Business Overview
Leidos Holdings, Inc. (LDOS) operates as a defense and security services provider, with revenue primarily derived from U.S. government contracts. The company's business model relies on long-term contracts for intelligence, cyber, and logistics services. Competitive pressures and regulatory compliance risks are central to its operational environment, as highlighted in the 10-K. While the company maintains a diversified portfolio, its reliance on government spending remains a key structural factor.
Revenue Analysis
FY2024 revenue of $14.3B (XBRL) reflects a 4.9% YoY increase, continuing a 5-year CAGR of 8.5% (XBRL). However, operating income declined 5.6% YoY to $1.1B (XBRL), and net income fell 9.0% YoY to $685M (XBRL). The historical time series shows operating income peaking at $1.2B in FY2023 before declining to $1.1B in FY2024 (XBRL), while net income dropped from $753M in FY2023 to $685M in FY2024 (XBRL).
Profitability Analysis
Operating margin of 7.6% (XBRL) and net margin of 4.8% (XBRL) indicate moderate efficiency. EBITDA of $1.4B (XBRL) with a 9.9% margin suggests strong cash generation from operations. However, operating income fell 5.6% YoY (XBRL), and net income declined 9.0% YoY (XBRL), reflecting increased costs or margin compression. The 5-year operating income CAGR of -3.7% (XBRL) and net income CAGR of -19.3% (XBRL) highlight long-term profitability challenges.
Balance Sheet Analysis
Leidos maintains a current ratio of 1.34x (XBRL) and 33.1% equity ratio (XBRL), but its net debt-to-equity ratio of 2.01x (XBRL) indicates significant leverage. Total assets declined from $13.1B in FY2023 to $12.7B in FY2024 (XBRL), while total equity rose slightly to $4.2B (XBRL). Return on equity of 16.3% (XBRL) and return on assets of 5.4% (XBRL) suggest moderate capital efficiency.
Cash Flow Analysis
Operating cash flow of $992M (XBRL) supported free cash flow of $679M (XBRL). Capital expenditures of $313M (XBRL) were offset by $679M in FCF. Financing activities showed net outflows of $865M (XBRL), driven by $199M in dividends paid (XBRL) and no share repurchases (XBRL). Depreciation and amortization totaled $333M (XBRL).
Working Capital Analysis
Cash conversion cycle of 50 days (XBRL) reflects 62 days of receivables, 9 days of inventory, and 22 days of payables. Asset turnover of 1.13x (XBRL) indicates moderate efficiency in deploying assets to generate revenue.
Risks
Outlook
N/A. Management guidance and forward-looking trends are not explicitly detailed in the provided data (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 10.2B | 11.0B | 12.2B | 13.6B | 14.3B | 15.3B |
| Operating Income | 749M | 912M | 998M | 1.2B | 1.1B | 621M |
| Net Income | 581M | 667M | 628M | 753M | 685M | 199M |
| Total Assets | 9.4B | 12.5B | 13.3B | 13.1B | 12.7B | 13.0B |
| Total Equity | 3.4B | 3.9B | 4.3B | 4.3B | 4.2B | 4.4B |
| Operating Cash Flow | 768M | 992M | 1.3B | 1.0B | 992M | 1.2B |
Information Technologyの企業一覧
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