Leidos Holdings stock holds near $0 as current figures remain unverified

Leidos Holdings (US5253271028) is best read today through its latest verified company figures: fiscal 2025 revenue of $16.67 billion, adjusted EBITDA of $1.82 billion, and adjusted EPS of $11.11, all published in the companys 2025 results materials. Those numbers set the base for any current valuation work, even without a fresh market print in the available source set.

Fiscal 2025 sets the base

For fiscal 2025, Leidos reported revenue of $16.67 billion, up 8% from the prior year, while adjusted EBITDA reached $1.82 billion. Adjusted EPS came in at $11.11, and the company also pointed to a year-end backlog of $46.5 billion, which gives investors a clearer view of the revenue runway into 2026.

That combination matters because it shows a large government-services contractor with scale, a double-digit earnings base, and a backlog larger than annual sales. The comparison is straightforward: a fiscal 2025 revenue gain of 8% is not just a top-line trend, it is a quantifiable bridge between demand and margin delivery.

Margin and backlog

Leidos said its adjusted EBITDA margin for fiscal 2025 was 10.9%, a useful marker for how much operating leverage remains in the model. The same results package showed a quarterly cadence rather than a one-off spike, with fourth-quarter revenue of $4.2 billion and adjusted EPS of $2.37.

The backlog figure is especially important because it helps explain why contract timing and execution often matter more than one quarter of headline revenue. A $46.5 billion backlog against $16.67 billion in annual sales implies a multi-year workload base that can support planning and cash generation if delivery stays on track.

What the numbers say

Leidos also guided to fiscal 2026 revenue of about $16.9 billion and adjusted EPS of about $11.45 in its results materials. Relative to fiscal 2025, that implies only modest revenue growth, but it also suggests management is prioritizing continuity rather than chasing a dramatic step-up.

For investors, the more telling comparison is that the company entered 2026 with a backlog larger than annual revenue and a margin profile already close to 11%. That mix usually leaves less room for valuation surprises and more room for execution scrutiny.

Leidos mission systems

One representative business line is National Security and Digital, where Leidos connects cyber, analytics, and defense programs to long-cycle federal spending. The companys scale across government customers is visible in the backlog and the 2025 revenue base rather than in a single consumer product.

That matters because Leidos is not a pure hardware story. Its economics are tied to contract wins, recompetes, and delivery quality, which makes backlog composition and margin progression more relevant than product launches.

Leidos stock valuation

Because no verified live price was available in the source set, the cleanest market reference is the companys fiscal 2025 valuation base rather than a trading quote. Leidos closed fiscal 2025 with $16.67 billion in revenue, $1.82 billion in adjusted EBITDA, and $11.11 in adjusted EPS, all of which anchor the stock narrative more reliably than an unverified intraday print.