LDOS Leidos Holdings, Inc. Common Stock
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| Ex-date | Split | Type |
|---|---|---|
| Sept. 30, 2013 | 1-for-2 | Reverse |
About Leidos Holdings, Inc. Common Stock Company overview from Wikipedia
Leidos Holdings, Inc. is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions (Lockheed Martin IS&GS), in August 2016 to create the defense industry’s largest IT services provider. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense, the Department of Homeland Security, and the Intelligence Community, as well as other U.S. government agencies and select commercial markets.
History
As SAIC
The company was founded by J. Robert "Bob" Beyster in 1969 in the La Jolla neighborhood of San Diego, California, as Science Applications Incorporated (SAI). Beyster, a former scientist for the Westinghouse Atomic Power Division and Los Alamos National Laboratory, who became the chairman of the Accelerator Physics Department of General Atomics in 1957, raised the money to start SAI by selling stock he had received from General Atomics, combined with funds raised from the early employees who bought stock in the young enterprise.
Initially, the company's focus was on projects for the U.S. government related to nuclear power and weapons effects study programs. The company was renamed Science Applications International Corporation (SAIC) as it expanded its operations. Major projects during Beyster's tenure included work on radiation therapy for the Los Alamos National Laboratory; technical support and management assistance to the development of the cruise missile in the 1970s; the cleanups of the Three Mile Island Nuclear Generating Station after its major accident, and of the contaminated community of Love Canal; design and performance evaluation of the Stars & Stripes 87, the winning ship for the 1987 America's Cup; and the design of the first luggage inspection machine to pass new Federal Aviation Administration tests following the terrorist bombing of Pan American flight 103 over Lockerbie, Scotland.
Contrary to traditional business models, Beyster originally designed SAIC as an employee-owned company. This shared ownership was accompanied by shared responsibility and freedom in business development, and allowed SAIC to attract and retain highly educated and motivated employees that helped the company to grow and diversify. After Beyster's retirement in 2003, SAIC conducted an initial public offering of common stock on October 17, 2006. The offering of 86,250,000 shares of common stock was priced at $15.00 per share. The underwriters, Bear Stearns and Morgan Stanley, exercised overallotment options, resulting in 11.25 million shares. The IPO raised US$1.245 billion. Even then, employee shares retained a privileged status, having ten times the voting power per share over common stock.
In September 2009, SAIC moved its corporate headquarters to Tysons Corner in unincorporated Fairfax County, Virginia, near McLean.
In 2012, SAIC was ordered to pay $550 million to the City of New York for overbilling over seven years on the CityTime contract. In 2014, Gerard Denault, SAIC's CityTime program manager, and his two accomplices within the city's government were sentenced to twenty years in prison for fraud and bribery related to that contract.
As Leidos
In August 2012, SAIC announced plans to split into two publicly traded companies. The company spun off about a third of its business, forming an approximately $4 billion-per-year service company focused on government services, including systems engineering, technical assistance, financial analysis, and program office support. The remaining part became a $7 billion-per-year IT company specializing in technology for the national security, health, and engineering sectors. The smaller company was led by Tony Moraco, who beforehand was leading SAIC's Intelligence, Surveillance and Reconnaissance group, and the bigger one was led by John P. Jumper. The split has allowed both companies to pursue more business, which it could not pursue as a single company which would have resulted in conflicts of interest. In February 2013, it was announced that the smaller spin-off company would get the name "Science Applications International Corporation" and stay in the current headquarters, while the larger company would change its name to Leidos, (created by clipping the word kaleidoscope) and would move its headquarters to Reston, Virginia. The split was structured in a way that SAIC changed its name to Leidos, then spun off the new SAIC as a separate publicly traded company. However, Leidos is the legal successor of the original SAIC and retains SAIC's pre-2013 stock price and corporate filing history.
Before the split, Leidos employed 39,600 employees and reported $11.17 billion in revenue and $525 million net income for its fiscal year ended January 31, 2013, making it number 240 on the Fortune 500 list. In 2014, Leidos reported US$5.06 billion in revenue.
In August 2016, the deal to merge with the entirety of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business came to a close, more than doubling the size of Leidos and its portfolio, and positioning the company as the global defense industry's largest enterprise in the federal technology sector.
In January 2020, Leidos purchased defense contractor Dynetics for approximately $1.65 billion. In May 2020 it purchased the Security Detection and Automation Systems division of L3Harris (notable for providing the detection screeners that all airport travelers pass through when flying).
As of December 2023, the company has 47,000 employees. In 2023, Leidos reported US$15.4 billion in revenue. It ranked 266 on the 2024 Fortune 500 list.
On March 4, 2025, the Chinese Ministry of Commerce placed 15 U.S. entities (including Leidos) on its export control list, barring the export of dual-use commodities to that business. In May, the Department of Homeland Security terminated for convenience its $2.4 billion cybersecurity services contract with Leidos.
In January 2026, Leidos agreed to buy utility consulting and engineering services platform Entrust Solutions Group from Kohlberg & Co. for ~$2.4 billion in cash.
Structure
Leidos has four central divisions: Civil, Health, Advanced Solutions, and Defense & Intelligence. The Civil Division focuses on integrating aviation systems, securing transportation measures, modernizing IT infrastructure, and engineering energy efficiently. The Health Division focuses on optimizing medical enterprises, securing private medical data, and improving collection and data entry methods. The Advanced Solutions Division is centered around data analysis, integrating advanced defense and intelligence systems, and increasing surveillance and reconnaissance efficiency. The Defense & Intelligence Division focuses on providing air service systems, geospatial analysis, cybersecurity, intelligence analysis, and supporting operations efforts.
Management
Retired Air Force general John P. Jumper was appointed CEO in 2012, and he oversaw the restructuring of SAIC into SAIC and Leidos. On July 1, 2014, Leidos announced that Roger Krone would become its CEO on July 14, 2014. On February 27, 2023, Leidos announced the appointment of Thomas Bell as Chief Executive Officer starting on May 3, 2023.
Subsidiaries
Dynetics, Inc., a wholly owned subsidiary of Leidos since Jan 2020.
Leidos Biomedical Research, Inc., formerly SAIC - Frederick, a wholly owned subsidiary of Leidos manages Frederick National Laboratory for Cancer Research.
Gibbs & Cox, a wholly owned subsidiary of Leidos since May 7, 2021.
MEDPROTECT, LLC supports US government health-payer organizations
Reveal, develops dual-energy X-ray computed tomography systems for explosives-detection at airports and similar facilities
CloudShield Technologies a wholly owned subsidiary, specializing in cyber-security
Varec, Inc., liquid petroleum asset management company
Leidos Health
Leidos Canada, formerly SAIC Canada, wholly owned subsidiary, works with Canadian government.
Leidos Australia (Leidos Pty Ltd), wholly owned subsidiary, specializing in document technologies and cyber-security. Produces TeraText software.
Leidos UK (Leidos Innovations UK Ltd, Leidos Europe Ltd, Leidos Supply Ltd & Leidos Ltd), wholly owned subsidiary, specializing in managed IT Services, developing of bespoke products. Produces, supports & maintains the Chroma Airport Suite, also responsible for the MOD's Supply Chain.
Leidos Engineering, LLC, formerly SAIC Energy, Environment & Infrastructure LLC, assembles the legacy of engineering capabilities of Benham Investment Holdings, LLC, R. W. Beck Group, Inc., and Patrick Energy Services.
Leidos QTC Health Services (formerly QTC Management), acquired by merging with Lockheed Martin IS&GS.
Systems Made Simple (SMS), acquired by merging with Lockheed Martin IS&GS.
Former subsidiaries
AMSEC LLC, a business partnership between SAIC and Northrop Grumman subsidiary Newport News Shipbuilding divested on July 13, 2007. Network Solutions was acquired by SAIC in 1995, and subsequently was acquired by VeriSign, Inc. for $21 billion.Leidos Cyber, Inc., formerly Lockheed Martin Industrial Defender, acquired by merging with Lockheed Martin IS&GS, was sold to Capgemini in 2018.
Controversies
As SAIC
Then-SAIC had as part of its management and on its board of directors, many well-known ex-government personnel including Melvin Laird, Secretary of Defense in the Nixon administration; William Perry, Secretary of Defense for Bill Clinton; John M. Deutch, Director of Central Intelligence under President Clinton; Admiral Bobby Ray Inman who served in various capacities in the National Security Agency (NSA) and Central Intelligence Agency (CIA) for the Ford, Carter and Reagan administrations; and David Kay who led the search for weapons of mass destruction after the 1991 Gulf War and served under the Bush administration after the 2003 invasion of Iraq. In 2022, 30 out of 38 Leidos Inc. lobbyists previously held government jobs.
In June 2001, the Federal Bureau of Investigation (FBI) paid SAIC US$122 million to create a Virtual Case File (VCF) software system to speed up the sharing of information among agents. But the FBI abandoned VCF when it failed to function adequately. Robert Mueller, FBI Director, testified to a congressional committee, "When SAIC delivered the first product in December 2003 we immediately identified a number of deficiencies – 17 at the outset. That soon cascaded to 50 or more and ultimately to 400 problems with that software ... We were indeed disappointed."
In 2005, then-SAIC executive vice president Arnold L. Punaro claimed that the company had "fully conformed to the contract we have and gave the taxpayers real value for their money." He blamed the FBI for the initial problems, saying the agency had a parade of program managers and demanded too many design changes. He stated that during 15 months that SAIC worked on the program, 19 different government managers were involved and 36 contract modifications were ordered. "There were an average of 1.3 changes every day from the FBI, for a total of 399 changes during the period," Punaro said.
In 2011–2012, then-SAIC was among the 8 top contributors to federal candidates, parties, and outside groups with US$1,209,611 (equivalent to $1,696,331 in 2025) during the 2011–2012 election cycle according to information from the Federal Election Commission. The top candidate recipient was Barack Obama.
As Leidos
In a heavily redacted report dated January 3, 2018, the Inspector General for the Department of Defense determined that a supervisor at Leidos made “inappropriate sexual and racial comments to” a female contractor, and that when she complained of a hostile work environment, Leidos retaliated by excluding her from further work on an additional contract. The report found that Leidos's claim that the contract employee “exhibited poor performance throughout her employment" lacked supporting evidence. It recommended that U.S. Secretary of Defense Jim Mattis “consider appropriate action against Leidos” such as “compensatory damages, including back pay, employee benefits and other terms and conditions of employment” that the contractor would have received under the additional contract.
In 2018, Leidos donated to the Senate campaign of Cindy Hyde-Smith. However, after a video was released showing Hyde-Smith speaking fondly of participating in "public hangings", Leidos said the company would never have made the donation if it had known about the comment. During Hyde-Smith's 2020 re-election bid, Leidos again donated to her.
In August 2022, Leidos received a grand jury subpoena from the U.S. Department of Justice's Antitrust Division concerning three U.S. government procurements involving the company's Intelligence Group. In September 2022, it received a separate grand jury subpoena concerning conduct in its international operations that the company had previously reported to the Department of Justice and Securities and Exchange Commission.
Leidos is facing scrutiny following the leak of internal documents reportedly stolen by hackers, believed to be linked to a previously disclosed breach of a Diligent Corp. system that Leidos utilized. The company is currently investigating the matter, which led to a more than 4% drop in its shares during after-hours trading. A spokesperson confirmed that the leak originated from a prior incident involving a third-party vendor and emphasized that it did not affect Leidos' network or sensitive customer data. The breach is thought to be connected to a 2022 hack of Diligent's subsidiary, Steele Compliance Solutions, which affected fewer than 15 customers, including Leidos. Diligent stated that it promptly notified impacted clients and took corrective actions following the incident.
Leidos is facing increasing scrutiny regarding its handling of sexual assault and harassment incidents at facilities operated for the U.S. Antarctic Program (USAP). In a letter from House Science Committee Chair Frank Lucas (R-OK) and Ranking Member Zoe Lofgren (D-CA), the company was criticized for allegedly failing to address these serious issues adequately. This concern follows a 2021 National Science Foundation (NSF) report that highlighted pervasive problems of sexual misconduct in Antarctica. The committee accused Leidos of inaccurately reporting that it had received no sexual assault allegations and claimed that its employees were not fully cooperating with NSF investigators. Leidos has reported five allegations of sexual harassment and zero of sexual assault between May 2017 and April 2022, a claim that Lucas and Lofgren disputed, citing evidence of prior reports. The NSF has since implemented new measures to combat these issues through its Sexual Assault and Harassment Prevention and Response (SAHPR) program. The controversy has drawn attention to the broader challenges of addressing sexual misconduct in remote work environments, with advocacy groups like Ice Allies calling for more robust action since 2019.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LDOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 11.45Y avg ≈29.1 | ≈29.1 | 22.2 | Undervalued | |
| P/S (TTM) | 1.05Y avg ≈1.1 | ≈1.1 | 1.4 | Undervalued | |
| P/B (MRQ) | 3.35Y avg ≈3.8 | ≈3.8 | 3.5 | Undervalued | |
| EV / EBITDA | 6.95Y avg ≈10.7 | ≈10.7 | 15.0 | Undervalued | |
| Price / FCF (TTM) | 7.75Y avg ≈15.1 | ≈15.1 | · | · | |
| Price / Cash Flow (TTM) | 7.25Y avg ≈13.3 | ≈13.3 | 16.2 | Undervalued | |
| EV / Revenue | 1.05Y avg ≈1.1 | ≈1.1 | · | · | |
| EV / FCF | 10.15Y avg ≈15.1 | ≈15.1 | · | · | |
| Price / Tangible Book (MRQ) | 4.0 | · | · | · | |
| PEG Ratio | ≈0.6 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LDOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 12.3%5Y avg ≈8.6% | ≈8.6% | 10.6% | In line | |
| EBITDA Margin (TTM) | 14.0%5Y avg ≈10.7% | ≈10.7% | 10.6% | In line | |
| Pretax Margin (TTM) | 11.0%5Y avg ≈7.4% | ≈7.4% | 8.5% | Top tier | |
| Net Profit Margin (TTM) | 8.3%5Y avg ≈5.5% | ≈5.5% | 7.1% | In line | |
| ROA (TTM) | 10.5%5Y avg ≈6.6% | ≈6.6% | 6.2% | Top tier | |
| ROE (TTM) | 30.7%5Y avg ≈19.9% | ≈19.9% | 18.7% | Top tier | |
| ROIC | 32.9%5Y avg ≈21.8% | ≈21.8% | 17.2% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LDOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.05Y avg ≈0.1 | ≈0.1 | 1.1 | Low debt | |
| Current Ratio (MRQ) | 1.65Y avg ≈1.3 | ≈1.3 | 1.4 | Strong liquidity | |
| Quick Ratio | 1.35Y avg ≈1.0 | ≈1.0 | 1.2 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LDOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.1%5Y avg ≈6.9% | ≈6.9% | · | · | |
| Revenue CAGR 3Y | 6.1%5Y avg ≈6.9% | ≈6.9% | · | · | |
| Revenue CAGR 5Y | 6.9% | · | · | · | |
| EPS YoY | 20.8%5Y avg ≈101.0% | ≈101.0% | · | · | |
| Net Income YoY | 15.5%5Y avg ≈97.1% | ≈97.1% | · | · | |
| EPS CAGR 3Y | 31.0%5Y avg ≈6.9% | ≈6.9% | · | · | |
| EPS CAGR 5Y | 20.6% | · | · | · | |
| Net Income CAGR 3Y | 28.3%5Y avg ≈5.0% | ≈5.0% | · | · | |
| Net Income CAGR 5Y | 18.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LDOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.35Y avg ≈1.2 | ≈1.2 | 1.1 | Top tier | |
| Inventory Turnover | 42.85Y avg ≈43.6 | ≈43.6 | · | · | |
| Receivables Turnover | 6.45Y avg ≈6.4 | ≈6.4 | 6.3 | In line | |
| Revenue / Employee | ≈$343.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.43 | USD | ≈1.3% |
| Jun 15, 2026 | $0.43 | USD | ≈1.5% |
| Mar 16, 2026 | $0.43 | USD | ≈0.99% |
| Dec 15, 2025 | $0.43 | USD | ≈0.88% |
| Sep 15, 2025 | $0.40 | USD | ≈0.88% |
| Jun 16, 2025 | $0.40 | USD | ≈1.1% |
| Mar 14, 2025 | $0.40 | USD | ≈1.2% |
| Dec 16, 2024 | $0.40 | USD | ≈1.0% |
| Sep 13, 2024 | $0.38 | USD | ≈0.98% |
| Jun 14, 2024 | $0.38 | USD | ≈1.0% |
| Mar 14, 2024 | $0.38 | USD | ≈1.2% |
| Dec 14, 2023 | $0.38 | USD | ≈1.3% |
| Sep 14, 2023 | $0.36 | USD | ≈1.5% |
| Jun 14, 2023 | $0.36 | USD | ≈1.7% |
| Mar 14, 2023 | $0.36 | USD | ≈1.5% |
| Dec 14, 2022 | $0.36 | USD | ≈1.3% |
| Sep 14, 2022 | $0.36 | USD | ≈1.5% |
| Jun 14, 2022 | $0.36 | USD | ≈1.5% |
| Mar 14, 2022 | $0.36 | USD | ≈1.4% |
| Dec 14, 2021 | $0.36 | USD | ≈1.6% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $3.26 | $2.97 | 9.9% |
| March 31, 2026 | $3.13 | $2.96 | 5.9% | |
| Dec. 31, 2025 | $2.76 | $2.66 | 3.8% | |
| Sept. 30, 2025 | $3.05 | $2.77 | 10.3% | |
| June 30, 2025 | $3.21 | $2.71 | 18.5% | |
| March 31, 2025 | $2.97 | $2.55 | 16.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.17B | $16.66B | $15.44B | $14.40B | $13.74B | $12.30B | $11.09B | $10.19B | $10.17B | $7.04B | $4.71B | |
| Cost of Revenue | $14.07B | $13.86B | $13.19B | $12.31B | $11.72B | $10.56B | $9.55B | $8.69B | $8.74B | $6.10B | $4.15B | |
| R&D Expense | $187M | $150M | $128M | $116M | $109M | $73M | $49M | $46M | $42M | $44M | $29M | |
| SG&A Expense | $999M | $983M | $942M | $951M | $851M | $770M | $689M | $729M | $737M | $422M | $201M | |
| Operating Income | $2.11B | $1.83B | $621M | $1.09B | $1.15B | $998M | $912M | $749M | $559M | $417M | $320M | |
| Interest Expense | · | · | · | · | $185M | $182M | $147M | $145M | $148M | $96M | $53M | |
| Other Non-op | $3M | $5M | $-6M | $-3M | $-1M | $-38M | $87M | $-1M | $-26M | $-13M | $84M | |
| Pretax Income | $1.91B | $1.64B | $403M | $886M | $967M | $781M | $866M | $610M | $393M | $318M | $355M | |
| Income Tax | $447M | $388M | $195M | $193M | $208M | $152M | $196M | $28M | $29M | $72M | $112M | |
| Net Income | $1.45B | $1.25B | $199M | $685M | $753M | $628M | $667M | $581M | $366M | $244M | $242M | |
| EPS (Basic) | $11.31 | $9.36 | $1.45 | $5.00 | $5.34 | $4.42 | $4.66 | $3.85 | $2.41 | $2.39 | $3.32 | |
| EPS (Diluted) | $11.14 | $9.22 | $1.44 | $4.96 | $5.27 | $4.36 | $4.60 | $3.80 | $2.38 | $2.35 | $3.27 | |
| Shares (Basic) | 128,000,000 | 134,000,000 | 137,000,000 | 137,000,000 | 141,000,000 | 142,000,000 | 143,000,000 | 151,000,000 | 152,000,000 | 102,000,000 | 73,000,000 | |
| Shares (Diluted) | 130,000,000 | 136,000,000 | 138,000,000 | 138,000,000 | 143,000,000 | 144,000,000 | 145,000,000 | 153,000,000 | 154,000,000 | 104,000,000 | 74,000,000 | |
| EBITDA | $2.40B | $2.12B | $952M | $1.42B | $1.48B | $1.28B | $1.15B | $1.01B | $895M | $539M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.11B | $849M | $641M | $516M | $727M | $524M | $668M | $327M | $390M | $376M | $656M | |
| Receivables | $2.71B | $2.65B | $2.43B | $2.35B | $2.19B | $2.14B | $1.73B | $1.88B | $1.83B | $1.66B | $921M | |
| Inventory | $342M | $315M | $310M | $287M | $274M | $276M | $72M | · | $76M | $67M | $70M | |
| Prepaid Expense | · | · | · | · | · | · | · | · | $453M | $348M | $216M | |
| Other Current Assets | $656M | $525M | $489M | $490M | $429M | $402M | $338M | $543M | $453M | $348M | $216M | |
| Current Assets | $4.81B | $4.33B | $4.00B | $3.64B | $3.62B | $3.34B | $2.81B | $2.84B | $2.67B | $2.38B | $1.79B | |
| PP&E (Net) | · | · | · | · | $670M | $604M | $287M | $237M | $232M | $259M | $142M | |
| PP&E (Gross) | · | · | · | · | · | · | · | $586M | $546M | $541M | $414M | |
| Accum. Depreciation | · | · | · | · | · | · | · | $349M | $314M | $282M | $272M | |
| Goodwill | $6.34B | $6.08B | $6.11B | $6.70B | $6.74B | $6.31B | $4.91B | $4.86B | $4.97B | $4.62B | $1.21B | |
| Intangibles | $458M | $517M | $667M | $952M | $1.18B | $1.22B | $530M | $652M | $856M | $1.59B | $25M | |
| Other Non-current Assets | $392M | $321M | $438M | $388M | $439M | $458M | $426M | $182M | $254M | $265M | $195M | |
| Total Assets | $13.49B | $13.01B | $12.70B | $13.07B | $13.26B | $12.51B | $9.37B | $8.77B | $8.99B | $9.13B | $3.37B | |
| Accounts Payable | $1.99B | $611M | $736M | $733M | $692M | $731M | $592M | $547M | $557M | $591M | $306M | |
| Accrued Liabilities | $734M | $883M | $826M | $772M | $747M | $939M | $822M | $650M | $747M | $493M | $318M | |
| Short-term Debt | $0 | $0 | $0 | $992M | $483M | · | · | · | · | · | · | |
| Current Liabilities | $2.83B | $3.56B | $2.99B | $3.95B | $3.23B | $2.91B | $2.33B | $2.06B | $2.20B | $2.02B | $1.04B | |
| Capital Leases | $587M | $621M | $516M | $570M | $589M | $564M | $326M | $0 | · | · | · | |
| Deferred Tax | $221M | $2M | $3M | $40M | $239M | $234M | $184M | $170M | $220M | $540M | $34M | |
| Other Non-current Liabilities | $489M | $315M | $267M | $233M | $267M | $291M | $182M | $178M | $129M | $204M | $149M | |
| Total Liabilities | $8.53B | $8.55B | $8.44B | $8.72B | $8.92B | $8.64B | · | · | · | · | · | |
| Total Debt | $0 | $0 | $18M | $992M | · | · | · | · | · | · | · | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Paid-in Capital | $319M | $1.11B | $1.89B | $2.00B | $2.42B | $2.58B | $2.59B | $2.97B | $3.34B | $3.32B | $1.35B | |
| Retained Earnings | $4.65B | $3.41B | $2.36B | $2.37B | $1.88B | $1.33B | $896M | $372M | $-7M | $-177M | $-277M | |
| AOCI | $-50M | $-110M | $-48M | $-73M | $-12M | $-46M | $-70M | $-30M | $33M | $-4M | $-8M | |
| Stockholders' Equity | $4.92B | $4.41B | $4.20B | $4.30B | $4.29B | $3.86B | $3.41B | $3.31B | $3.37B | $3.13B | $1.07B | |
| Liabilities + Equity | $13.49B | $13.01B | $12.70B | $13.07B | $13.26B | $12.51B | $9.37B | $8.77B | $8.99B | $9.13B | $3.37B | |
| Shares Outstanding | 126,380,657 | 131,163,899 | 135,766,419 | 136,926,990 | 140,000,000 | 142,000,000 | 141,000,000 | 146,000,000 | 151,000,000 | 150,000,000 | 72,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $290M | $290M | $331M | $333M | $325M | $282M | $234M | $257M | $336M | $122M | $41M | |
| Stock-based Comp | $95M | $85M | $77M | $73M | $67M | $62M | $52M | $44M | $43M | $35M | $30M | |
| Deferred Tax | · | $-98M | $-109M | $-211M | $-26M | $-4M | $18M | $-49M | $132M | · | · | |
| Amort. of Intangibles | $130M | $147M | $202M | $230M | $228M | $198M | $173M | $201M | $281M | $84M | $8M | |
| Other Non-cash | $-83M | $-139M | $667M | $106M | $-88M | $366M | $21M | $-114M | $-219M | $45M | · | |
| Operating Cash Flow | $1.75B | $1.44B | $1.19B | $992M | $1.03B | $1.33B | $992M | $768M | $526M | $449M | $382M | |
| CapEx | $125M | $149M | $207M | $129M | $104M | $183M | $121M | $73M | $81M | $29M | $27M | |
| Investing Cash Flow | $-405M | $-142M | $-211M | $-313M | $-730M | $-2.81B | $65M | $-114M | $-71M | · | · | |
| Net Debt Issued | · | · | · | · | $-106M | $-5.46B | · | · | · | · | · | |
| Stock Repurchased | $400M | $850M | $225M | $0 | $237M | $67M | $25M | $167M | $0 | $0 | · | |
| Net Stock Activity | $-400M | $-850M | $-225M | $0 | $-237M | $-67M | $-25M | $-167M | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | $0 | $0 | $993M | $0 | |
| Financing Cash Flow | $-1.15B | $-1.08B | $-715M | $-865M | $-113M | $1.45B | $-709M | $-707M | $-429M | · | · | |
| Net Change in Cash | $213M | $199M | $267M | $-192M | $188M | $-30M | $348M | $-53M | $26M | $-277M | $200M | |
| Taxes Paid | $276M | $460M | $435M | $217M | $221M | $140M | $142M | $70M | $214M | $47M | · | |
| Free Cash Flow | $1.62B | $1.24B | $958M | $857M | $927M | $1.15B | $871M | $695M | $445M | $417M | · | |
| Levered FCF | · | · | · | · | $782M | $1.00B | $757M | $557M | $308M | $343M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 12.3% | 11.0% | 4.0% | 7.6% | 8.4% | 8.1% | 8.2% | 7.3% | 5.5% | 5.9% | · | |
| Net Margin | 8.4% | 7.5% | 1.3% | 4.8% | 5.5% | 5.1% | 6.0% | 5.7% | 3.6% | 3.5% | · | |
| Pretax Margin | 11.1% | 9.8% | 2.6% | 6.2% | 7.0% | 6.3% | 7.8% | 6.0% | 3.9% | 4.5% | · | |
| EBITDA Margin | 14.0% | 12.7% | 6.2% | 9.9% | 10.8% | 10.4% | 10.3% | 9.9% | 8.8% | 7.6% | · | |
| ROA | 10.9% | 9.7% | 1.5% | 5.2% | 5.8% | 5.7% | 7.4% | 6.5% | 4.0% | 3.9% | · | |
| ROE | 31.1% | 29.1% | 4.7% | 16.0% | 18.5% | 17.3% | 19.9% | 17.4% | 11.2% | 11.6% | · | |
| ROIC | 32.9% | 31.6% | 7.6% | 16.1% | 21.1% | 20.8% | 20.7% | 21.6% | 15.4% | 10.3% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.2 | 1.3 | 0.9 | 1.1 | 1.1 | 1.2 | 1.4 | 1.2 | 1.2 | · | |
| Quick Ratio | 1.3 | 1.0 | 1.1 | 0.7 | 0.9 | 0.9 | 1.0 | 1.1 | 1.0 | 1.0 | · | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.2 | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | 6.2 | 5.5 | 6.2 | 5.2 | 3.8 | 4.3 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.3 | 1.3 | 1.2 | 1.1 | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | 1.1 | · | |
| Inventory Turnover | 42.8 | 44.4 | 44.2 | 43.9 | 42.6 | 60.7 | · | · | 124.8 | 90.4 | · | |
| Receivables Turnover | 6.4 | 6.6 | 6.5 | 6.3 | 6.4 | 6.4 | 6.1 | 5.5 | 5.8 | 5.5 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $38.90 | $33.64 | $30.94 | $31.38 | $30.65 | $27.20 | $24.21 | $22.66 | $22.32 | $20.90 | · | |
| Revenue / Share | $132.11 | $122.51 | $111.87 | $104.32 | $96.06 | $85.40 | $76.51 | $66.63 | $66.04 | $67.72 | · | |
| Cash Flow / Share | $13.46 | $10.24 | $8.44 | $7.14 | $7.21 | $9.26 | $6.84 | $5.02 | $3.42 | $4.29 | · | |
| Cash / Share | $8.77 | $7.19 | $5.72 | $3.77 | $5.19 | $3.69 | $4.74 | $2.24 | $2.58 | $2.51 | · | |
| Dividend / Share | $1.63 | $1.54 | $1.46 | $1.44 | $1.40 | $1.36 | $1.32 | $1.28 | $1.28 | $1.28 | $1.28 | |
| EPS (TTM) | $11.14 | $9.22 | $1.44 | $4.96 | $5.27 | $4.36 | $4.60 | $3.80 | $2.38 | $2.35 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.1% | 7.9% | 7.2% | 4.8% | 11.7% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.1% | 6.7% | 7.9% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.9% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 20.8% | 540.3% | -71.0% | -5.9% | 20.9% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 31.0% | 20.5% | -30.9% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 20.6% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 15.5% | 530.1% | -71.0% | -9.0% | 19.9% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 28.3% | 18.5% | -31.8% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 18.2% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.17B | $16.66B | $15.44B | $14.40B | $13.74B | $12.30B | $11.09B | $10.19B | $10.17B | $7.04B | · | |
| Net Income TTM | $1.45B | $1.25B | $199M | $685M | $753M | $628M | $667M | $581M | $366M | $244M | · | |
| Market Cap | $23.19B | $19.30B | $14.70B | $14.41B | $12.45B | $14.93B | $14.03B | $7.65B | $9.75B | $7.67B | · | |
| Enterprise Value | $22.08B | $18.36B | $13.94B | $14.89B | · | · | · | · | · | · | · | |
| P/E | 16.5 | 16.0 | 75.2 | 21.2 | 16.9 | 24.1 | 21.6 | 13.8 | 27.1 | 21.8 | · | |
| P/S | 1.4 | 1.2 | 1.0 | 1.0 | 0.9 | 1.2 | 1.3 | 0.8 | 1.0 | 1.1 | · | |
| P/B | 4.7 | 4.4 | 3.5 | 3.4 | 2.9 | 3.9 | 4.1 | 2.3 | 2.9 | 2.4 | · | |
| P / Cash Flow | 13.2 | 13.9 | 12.6 | 14.6 | 12.1 | 11.2 | 14.1 | 10.0 | 18.5 | 17.2 | · | |
| P / FCF | 14.3 | 15.5 | 15.3 | 16.8 | 13.4 | 13.0 | 16.1 | 11.0 | 21.9 | 18.4 | · | |
| EV / EBITDA | 9.2 | 8.7 | 14.6 | 10.5 | · | · | · | · | · | · | · | |
| EV / FCF | 13.6 | 14.8 | 14.5 | 17.4 | · | · | · | · | · | · | · | |
| EV / Revenue | 1.3 | 1.1 | 0.9 | 1.0 | · | · | · | · | · | · | · | |
| Dividend Yield | · | · | · | · | · | · | · | 0.00% | 0.00% | 12.9% | · | |
| Earnings Yield | 6.1% | 6.3% | 1.3% | 4.7% | 5.9% | 4.2% | 4.6% | 7.2% | 3.7% | 4.6% | · | |
| Payout Ratio | · | · | · | · | · | · | · | 0.00% | 0.00% | 407.0% | · | |
| Annual Payout | · | · | · | · | · | · | · | $0 | $0 | $993M | · |
Income Statement
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.56B | $4.40B | $4.88B | $4.47B | $4.25B | $4.25B | $5.20B | $4.19B | $4.13B | $3.98B | $3.98B | $3.92B | $3.84B | $3.70B | $3.70B | $3.61B | |
| Cost of Revenue | $3.74B | $3.64B | $3.88B | $3.65B | $3.47B | $3.49B | $4.05B | $3.43B | $3.43B | $3.34B | $3.38B | $3.33B | $3.27B | $3.20B | $3.18B | $3.10B | |
| SG&A Expense | $283M | $223M | $295M | $286M | $217M | $230M | $274M | $247M | $231M | $226M | $233M | $239M | $237M | $233M | $221M | $232M | |
| Operating Income | $514M | $508M | $703M | $535M | $571M | $530M | $1.57B | $516M | $475M | $415M | $361M | $-336M | $331M | $265M | $265M | $281M | |
| Other Non-op | $6M | $-24M | $-1M | $0 | $2M | $-3M | $9M | $0 | $2M | $2M | $-2M | $1M | $-1M | $-4M | $4M | $-10M | |
| Pretax Income | $451M | $429M | $645M | $484M | $518M | $478M | $1.55B | $470M | $426M | $368M | $310M | $-388M | $274M | $207M | $218M | $221M | |
| Income Tax | $95M | $94M | $152M | $115M | $125M | $113M | $273M | $108M | $102M | $85M | $80M | $8M | $64M | $43M | $38M | $57M | |
| Net Income | $354M | $328M | $478M | $367M | $391M | $363M | $1.28B | $364M | $322M | $284M | $229M | $-399M | $207M | $162M | $177M | $162M | |
| EPS (Basic) | $2.81 | $2.60 | $4.11 | $2.87 | $3.03 | $2.79 | $9.58 | $2.72 | $2.39 | $2.09 | $1.67 | $-2.91 | $1.51 | $1.18 | $1.29 | $1.18 | |
| EPS (Diluted) | $2.81 | $2.56 | $4.02 | $2.82 | $3.01 | $2.77 | $9.46 | $2.68 | $2.37 | $2.07 | $1.68 | $-2.91 | $1.50 | $1.17 | $1.28 | $1.17 | |
| Shares (Basic) | 126,000,000 | 126,000,000 | · | 128,000,000 | 129,000,000 | 130,000,000 | · | 134,000,000 | 135,000,000 | 136,000,000 | · | 137,000,000 | 137,000,000 | 137,000,000 | · | 137,000,000 | |
| Shares (Diluted) | 126,000,000 | 128,000,000 | · | 130,000,000 | 130,000,000 | 131,000,000 | · | 136,000,000 | 136,000,000 | 137,000,000 | · | 137,000,000 | 138,000,000 | 138,000,000 | · | 138,000,000 | |
| EBITDA | $514M | $580M | · | $535M | $571M | $599M | · | $516M | $475M | $484M | · | $-336M | $331M | $347M | · | $281M |
Balance Sheet
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $748M | $457M | $1.11B | $974M | $930M | $842M | $849M | $1.19B | $823M | $633M | $641M | $750M | $329M | $379M | $516M | $807M | |
| Receivables | $2.97B | $3.03B | $2.71B | $2.97B | $2.92B | $2.91B | $2.65B | $2.71B | $2.62B | $2.71B | · | $2.45B | $2.48B | $2.52B | · | $2.28B | |
| Inventory | $94M | $336M | $342M | $360M | $364M | $347M | $315M | $323M | $333M | $318M | · | $295M | $310M | $300M | · | $286M | |
| Other Current Assets | $493M | $582M | $656M | $545M | $572M | $454M | $525M | $451M | $458M | $486M | · | $494M | $459M | $468M | · | $464M | |
| Current Assets | $5.25B | $4.40B | $4.81B | $4.85B | $4.78B | $4.55B | $4.33B | $4.67B | $4.23B | $4.15B | · | $3.99B | $3.58B | $3.67B | · | $3.84B | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $671M | |
| Goodwill | $7.66B | $8.09B | $6.34B | $6.34B | $6.36B | $6.10B | $6.08B | $6.12B | $6.10B | $6.10B | $6.11B | $6.08B | $6.70B | $6.70B | $6.70B | $6.62B | |
| Intangibles | $943M | $993M | $458M | $496M | $515M | $489M | $517M | $558M | $592M | $629M | · | $713M | $851M | $902M | · | $977M | |
| Other Non-current Assets | $389M | $343M | $344M | $348M | $386M | $543M | $321M | $541M | $522M | $474M | · | $527M | $436M | $399M | · | $399M | |
| Total Assets | $15.63B | $15.39B | $13.49B | $13.54B | $13.55B | $13.20B | $13.01B | $13.34B | $12.91B | $12.82B | · | $12.76B | $13.03B | $13.13B | · | $13.10B | |
| Accounts Payable | $2.18B | $2.15B | $627M | $2.16B | $2.00B | $2.18B | $611M | $2.29B | $2.23B | $2.30B | · | $2.22B | $1.97B | $2.11B | · | $2.30B | |
| Accrued Liabilities | · | · | $734M | · | · | · | $883M | · | · | · | · | · | · | · | · | · | |
| Short-term Debt | $0 | $300M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $18M | $219M | $339M | · | $380M | |
| Current Liabilities | $3.22B | $3.15B | $2.83B | $2.99B | $2.95B | $2.96B | $3.56B | $3.78B | $3.50B | $3.08B | · | $3.04B | $2.85B | $3.16B | · | $4.14B | |
| Capital Leases | $547M | $610M | $587M | $578M | $598M | $603M | $621M | $467M | $486M | $495M | · | $527M | $553M | $562M | · | $591M | |
| Deferred Tax | · | $280M | $221M | $122M | · | · | $2M | · | · | · | · | $6M | $16M | $14M | · | $24M | |
| Other Non-current Liabilities | $520M | $267M | $268M | $270M | $311M | $317M | $315M | $341M | $299M | $289M | · | $314M | $279M | $256M | · | $229M | |
| Total Liabilities | $10.30B | $10.32B | $8.53B | $8.59B | $8.84B | $8.89B | $8.55B | $8.67B | $8.40B | $8.50B | · | $8.55B | $8.37B | $8.67B | · | $8.96B | |
| Total Debt | $0 | $300M | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $18M | $219M | $339M | · | $380M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Paid-in Capital | $88M | $117M | $319M | $588M | $650M | $619M | $1.11B | $1.47B | $1.65B | $1.74B | · | $2.06B | $2.02B | $1.99B | · | $1.98B | |
| Retained Earnings | $5.22B | $4.92B | $4.65B | $4.38B | $4.06B | $3.72B | $3.41B | $3.18B | $2.87B | $2.60B | · | $2.19B | $2.64B | $2.48B | · | $2.24B | |
| AOCI | $-23M | $-25M | $-50M | $-54M | $-49M | $-83M | $-110M | $-34M | $-65M | $-72M | · | $-95M | $-63M | $-64M | · | $-135M | |
| Stockholders' Equity | $5.28B | $5.01B | $4.92B | $4.91B | $4.66B | $4.26B | $4.41B | $4.61B | $4.46B | $4.26B | · | $4.15B | $4.60B | $4.41B | · | $4.09B | |
| Liabilities + Equity | $15.63B | $15.39B | $13.49B | $13.54B | $13.55B | $13.20B | $13.01B | $13.34B | $12.91B | $12.82B | · | $12.76B | $13.03B | $13.13B | · | $13.10B | |
| Shares Outstanding | 125,492,013 | 125,783,512 | 126,380,657 | 127,854,145 | 128,295,977 | 128,715,893 | 131,163,899 | 133,337,275 | 134,709,785 | 135,097,654 | · | 137,506,136 | 137,000,000 | 137,000,000 | · | 137,000,000 |
Cash Flow
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $81M | $72M | $79M | $74M | $72M | $69M | $42M | $71M | $71M | $69M | $83M | $82M | $84M | $82M | $84M | $81M | |
| Stock-based Comp | $26M | $25M | $36M | $26M | $25M | $21M | $28M | $19M | $20M | $20M | $20M | $20M | $19M | $18M | $20M | $18M | |
| Deferred Tax | $6M | $-8M | · | $88M | $224M | $-24M | · | $-29M | $-42M | $-25M | · | $-104M | $-45M | $-43M | $10M | $-85M | |
| Amort. of Intangibles | $40M | $30M | $20M | $34M | $32M | $30M | $-6M | $37M | $36M | $37M | $49M | $50M | $51M | $52M | $57M | $57M | |
| Other Non-cash | · | $-116M | · | · | · | $-371M | · | · | · | $-285M | · | · | · | $-317M | · | · | |
| Operating Cash Flow | $793M | $301M | $609M | $711M | $486M | $58M | $574M | $704M | $431M | $113M | $326M | $795M | $164M | $-98M | $125M | $734M | |
| CapEx | $32M | $31M | $62M | $31M | $29M | $22M | $20M | $23M | $23M | $17M | $78M | $50M | $40M | $39M | $53M | $27M | |
| Investing Cash Flow | $-38M | $-2.36B | $-349M | $-36M | $-314M | $-22M | $-7M | $-23M | $-21M | $-12M | $-76M | $-52M | $-44M | $-39M | $-258M | $-26M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $13M | |
| Stock Repurchased | $66M | $200M | $-50M | $100M | $0 | $0 | $825M | $200M | $100M | $150M | $200M | $0 | $0 | $25M | · | · | |
| Net Stock Activity | $-66M | $-200M | · | $-100M | $0 | $0 | · | $-200M | $-100M | $-150M | · | $0 | $0 | $-25M | · | · | |
| Financing Cash Flow | $-423M | $1.39B | $-501M | $-595M | $-83M | $-110M | $-614M | $-257M | $-159M | $-228M | $-245M | $-249M | $-164M | $-57M | $-135M | $-217M | |
| Net Change in Cash | $333M | $-666M | $-233M | $77M | $96M | $-67M | $-57M | $433M | $251M | $-131M | $11M | $491M | $-43M | $-192M | $-288M | $505M | |
| Taxes Paid | $14M | $-5M | $0 | $17M | $166M | $-4M | $135M | $113M | $161M | $2M | $110M | $46M | $144M | $135M | $51M | $39M | |
| Free Cash Flow | · | $270M | · | · | · | $36M | · | · | · | $46M | · | · | · | $-137M | · | · |
Profitability
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.3% | 11.6% | · | 12.0% | 13.4% | 12.5% | · | 12.3% | 11.5% | 10.4% | · | -8.6% | 8.6% | 7.2% | · | 7.8% | |
| Net Margin | 7.8% | 7.4% | · | 8.2% | 9.2% | 8.6% | · | 8.7% | 7.8% | 7.1% | · | -10.2% | 5.4% | 4.4% | · | 4.5% | |
| Pretax Margin | 9.9% | 9.8% | · | 10.8% | 12.2% | 11.3% | · | 11.2% | 10.3% | 9.3% | · | -9.9% | 7.1% | 5.6% | · | 6.1% | |
| EBITDA Margin | 11.3% | 13.2% | · | 12.0% | 13.4% | 14.1% | · | 12.3% | 11.5% | 12.2% | · | -8.6% | 8.6% | 9.4% | · | 7.8% | |
| ROA | 2.4% | 2.3% | · | 2.7% | 3.0% | 2.8% | · | 2.8% | 2.5% | 2.2% | · | -3.1% | 1.6% | 1.2% | · | 1.2% | |
| ROE | 7.1% | 7.1% | · | 7.7% | 8.6% | 8.5% | · | 8.3% | 7.1% | 6.6% | · | -9.7% | 4.8% | 3.9% | · | 4.0% | |
| ROIC | 7.7% | 7.5% | · | 8.3% | 9.3% | 9.5% | · | 8.6% | 8.1% | 7.5% | · | -8.2% | 5.3% | 4.4% | · | 4.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.4 | · | 1.6 | 1.6 | 1.5 | · | 1.2 | 1.2 | 1.3 | · | 1.3 | 1.3 | 1.2 | · | 0.9 | |
| Quick Ratio | 1.2 | 1.1 | · | 1.3 | 1.3 | 1.3 | · | 1.0 | 1.0 | 1.1 | · | 1.1 | 1.0 | 0.9 | · | 0.7 | |
| Debt / Equity | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.1 |
Efficiency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Inventory Turnover | 16.3 | 10.7 | · | 10.7 | 10.0 | 10.5 | · | 11.1 | 10.7 | 10.8 | · | 11.5 | 11.0 | 11.1 | · | 11.2 | |
| Receivables Turnover | 1.5 | 1.5 | · | 1.6 | 1.5 | 1.5 | · | 1.6 | 1.6 | 1.5 | · | 1.7 | 1.6 | 1.5 | · | 1.6 |
Per Share
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $42.11 | $39.85 | · | $38.40 | $36.34 | $33.07 | · | $34.60 | $33.07 | $31.52 | · | $30.15 | $33.55 | $32.18 | · | $29.82 | |
| Revenue / Share | $36.17 | $34.38 | · | $34.38 | $32.72 | $32.40 | · | $30.81 | $30.38 | $29.01 | · | $28.62 | $27.81 | $26.80 | · | $26.14 | |
| Cash Flow / Share | · | $2.35 | · | · | · | $0.44 | · | · | · | $0.46 | · | · | · | $-0.71 | · | · | |
| Cash / Share | $5.96 | $3.63 | · | $7.62 | $7.25 | $6.54 | · | $8.89 | $6.11 | $4.69 | · | $5.45 | $2.40 | $2.77 | · | $5.89 | |
| Dividend / Share | $0.43 | $0.43 | $0.49 | $0.40 | $0.40 | $0.40 | $0.46 | $0.38 | $0.38 | $0.38 | $0.38 | $0.36 | $0.36 | $0.36 | · | $0.36 | |
| EPS (TTM) | $12.21 | $12.41 | · | $18.06 | $17.92 | $17.28 | · | $8.80 | $3.21 | $2.34 | · | $1.04 | $5.12 | $4.86 | · | $5.53 |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $18.30B | $18.00B | · | $18.17B | $17.89B | $17.77B | · | $16.28B | $16.01B | $15.71B | · | $15.15B | $14.84B | $14.60B | · | $14.78B | |
| Net Income TTM | $1.53B | $1.56B | · | $2.40B | $2.40B | $2.33B | · | $1.20B | $436M | $321M | · | $147M | $708M | $672M | · | $772M | |
| Market Cap | $13.66B | $19.98B | · | $25.01B | $21.11B | $17.14B | · | $21.30B | $19.65B | $17.71B | · | $12.67B | $12.12B | $12.61B | · | $11.98B | |
| Enterprise Value | $12.91B | $19.82B | · | $24.03B | $20.18B | $16.30B | · | $20.11B | $18.83B | $17.08B | · | $11.94B | $12.01B | $12.57B | · | $11.56B | |
| P/E | 8.9 | 12.8 | · | 10.8 | 9.2 | 7.7 | · | 18.1 | 45.4 | 56.0 | · | 88.6 | 17.3 | 18.9 | · | 15.8 | |
| P/S | 0.7 | 1.1 | · | 1.4 | 1.2 | 1.0 | · | 1.3 | 1.2 | 1.1 | · | 0.8 | 0.8 | 0.9 | · | 0.8 | |
| P/B | 2.6 | 4.0 | · | 5.1 | 4.5 | 4.0 | · | 4.6 | 4.4 | 4.2 | · | 3.1 | 2.6 | 2.9 | · | 2.9 | |
| P / Cash Flow | · | 66.4 | · | · | · | 295.5 | · | · | · | 281.1 | · | · | · | -128.7 | · | · | |
| EV / Revenue | 0.7 | 1.1 | · | 1.3 | 1.1 | 0.9 | · | 1.2 | 1.2 | 1.1 | · | 0.8 | 0.8 | 0.9 | · | 0.8 | |
| Earnings Yield | 11.2% | 7.8% | · | 9.2% | 10.9% | 13.0% | · | 5.5% | 2.2% | 1.8% | · | 1.1% | 5.8% | 5.3% | · | 6.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $17.17B | $16.66B | $15.44B | $14.40B | $13.74B |
| Operating Margin % | 12.3% | 11.0% | 4.0% | 7.6% | 8.4% |
| Net Income | $1.45B | $1.25B | $199M | $685M | $753M |
| Diluted EPS | $11.14 | $9.22 | $1.44 | $4.96 | $5.27 |
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.2 | · |
| Current Ratio | 1.7 | 1.2 | 1.3 | 0.9 | 1.1 |
| Quick Ratio | 1.3 | 1.0 | 1.1 | 0.7 | 0.9 |
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.62B | $1.24B | $958M | $857M | $927M |
Institutional owners (13F) 881 filers · $12.9B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 85 (-34 vs prior Q) | 194 (+63 vs prior Q) | 297 (-21 vs prior Q) | 305 (-32 vs prior Q) | +966K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $2,695,669,213 | 14,942,734 | 20.87% | Shares |
| BlackRock, Inc. | $1,024,436,092 | 9,948,879 | 7.93% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $845,849,845 | 8,214,527 | 6.55% | Shares |
| STATE STREET CORP | $646,429,700 | 6,277,845 | 5.01% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $552,819,673 | 5,368,745 | 4.28% | Shares |
| JPMORGAN CHASE & CO | $385,022,165 | 3,833,352 | 2.98% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $376,787,141 | 3,672,030 | 2.92% | Shares |
| Invesco Ltd. | $323,140,556 | 3,138,201 | 2.50% | Shares |
| FIRST TRUST ADVISORS LP | $285,815,280 | 2,775,716 | 2.21% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $218,792,701 | 2,125,135 | 1.69% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $208,521,270 | 2,004,766 | 1.61% | Shares |
| VAN ECK ASSOCIATES CORP | $207,829,397 | 2,018,349 | 1.61% | Shares |
| MORGAN STANLEY | $184,599,324 | 1,792,747 | 1.43% | Shares |
| FMR LLC | $178,283,144 | 1,731,409 | 1.38% | Shares |
| Boston Partners | $177,976,028 | 1,724,963 | 1.38% | Shares |
| NORGES BANK | $175,880,792 | 1,708,078 | 1.36% | Shares |
| GOLDMAN SACHS GROUP INC | $174,623,957 | 1,695,872 | 1.35% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $169,380,502 | 1,644,950 | 1.31% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $151,312,561 | 1,469,482 | 1.17% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $133,689,815 | 859,631 | 1.04% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $129,383,555 | 1,256,517 | 1.00% | Shares |
| NORTHERN TRUST CORP | $110,391,252 | 1,072,072 | 0.85% | Shares |
| Qube Research & Technologies Ltd | $105,546,824 | 1,025,025 | 0.82% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $90,370,797 | 877,642 | 0.70% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $83,468,911 | 826,507 | 0.65% | Shares |
| BANK OF AMERICA CORP /DE/ | $77,622,969 | 753,841 | 0.60% | Shares |
| Legal & General Group Plc | $75,312,472 | 731,402 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $72,699,703 | 706,028 | 0.56% | Shares |
| DEUTSCHE BANK AG\ | $68,997,622 | 670,075 | 0.53% | Shares |
| Bank of New York Mellon Corp | $67,046,842 | 651,130 | 0.52% | Shares |
| CITADEL ADVISORS LLC | $63,185,687 | 613,632 | 0.49% | Shares |
| Woodline Partners LP | $62,434,006 | 606,332 | 0.48% | Shares |
| MILLENNIUM MANAGEMENT LLC | $62,198,720 | 604,047 | 0.48% | Shares |
| ALLIANCEBERNSTEIN L.P. | $60,407,545 | 388,423 | 0.47% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $59,002,572 | 572,958 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $57,953,369 | 562,818 | 0.45% | Shares |
| Allspring Global Investments Holdings, LLC | $51,121,486 | 495,988 | 0.40% | Shares |
| AMERIPRISE FINANCIAL INC | $50,490,236 | 490,343 | 0.39% | Shares |
| FIL Ltd | $48,349,564 | 469,550 | 0.37% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $44,656,126 | 444,605 | 0.35% | Shares |
| HSBC HOLDINGS PLC | $42,411,373 | 415,545 | 0.33% | Shares |
| NEUBERGER BERMAN GROUP LLC | $42,230,060 | 410,120 | 0.33% | Shares |
| CITIGROUP INC | $41,207,391 | 400,188 | 0.32% | Shares |
| UBS Group AG | $41,149,180 | 399,623 | 0.32% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $38,039,103 | 369,419 | 0.29% | Shares |
| KBC Group NV | $37,842,000 | 310,617 | 0.29% | Shares |
| Swiss National Bank | $34,742,078 | 337,400 | 0.27% | Shares |
| ATWOOD & PALMER INC | $32,572,171 | 267,358 | 0.25% | Shares |
| Nuveen, LLC | $32,407,547 | 314,729 | 0.25% | Shares |
| Brandywine Global Investment Management, LLC | $31,756,894 | 176,036 | 0.25% | Shares |
Company insiders 85 insiders · 38 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| KRONE ROGER A | CEO | March 31, 2023 A | 262,476 | 0 | 0 | $0 |
| Walter P Havenstein | Chief Executive Officer | April 1, 2011 A | 265,690 | 0 | 0 | $0 |
| Christopher R Cage | Chief Financial Officer | Sept. 30, 2026 A | 31,933 | 0 | 0 | $0 |
| James Reagan | EVP, Chief Financial Officer | June 30, 2021 A | 86,650 | 0 | 0 | $0 |
| Mark W Sopp | Executive VP and CFO | April 30, 2015 A | 93,155 | 0 | 0 | $0 |
| John Robert Hartley | Senior VP and Group CFO | July 30, 2013 A | 36,214 | 0 | 0 | $0 |
| Roy E Stevens | Sector President | Sept. 30, 2026 A | 1,812 | 0 | 0 | $0 |
| Stephen Allen Cook | Sector President | March 8, 2024 A | 8,416 | 0 | 0 | $0 |
| James Robert Moos | Group President | Dec. 29, 2023 A | 12,948 | 0 | 0 | $0 |
| David Arnold King | Group President | March 6, 2022 F | 9,434 | 0 | 0 | $0 |
| Jonathan W Scholl | Group President | March 8, 2020 F | 34,137 | 0 | 0 | $0 |
| Michael E Leiter | Group President | Dec. 12, 2016 F | 7,736 | 0 | 0 | $0 |
| Lewis Von Thaer | Sector President | June 7, 2015 F | 50,643 | 0 | 0 | $0 |
| Stuart K Shea | President and COO | April 4, 2014 F | 111,790 | 0 | 0 | $0 |
| Joseph W Craver III | Sector President | Oct. 30, 2013 A | 93,309 | 0 | 0 | $0 |
| Deborah L James | Group President | July 30, 2013 A | 1,969 | 0 | 0 | $0 |
| Anthony J Moraco | Sector President | July 30, 2013 A | 2,589 | 0 | 0 | $0 |
| Deborah Harrell Alderson | Group President | April 4, 2011 F | 41,230 | 0 | 0 | $0 |
| Charles F Koontz | Group President | June 19, 2010 F | 76,027 | 0 | 0 | $0 |
| Lawrence B Prior III | Chief Operating Officer | June 12, 2009 M | · | 0 | 0 | $0 |
| Daniel J. Antal | EVP, General Counsel | Sept. 30, 2026 A | 10,747 | 0 | 0 | $0 |
| Gerard A Fasano | Chief Growth Officer | March 10, 2025 M | 98,868 | 0 | 0 | $0 |
| Jerald S Howe JR | EVP, General Counsel | March 28, 2024 A | 25,886 | 0 | 0 | $0 |
| Maureen Waterston | Chief Human Resources Officer | March 8, 2024 A | 11,885 | 0 | 0 | $0 |
| Carly Elizabeth Kimball | Chief Performance Officer | March 8, 2024 A | 4,378 | 0 | 0 | $0 |
| Deborah D. Opiekun | Chief Business Development | Dec. 29, 2023 A | 6,835 | 0 | 0 | $0 |
| Paul Engola | EVP, National Security Space | March 6, 2022 F | 22,672 | 0 | 0 | $0 |
| Sukhdeep S Gambhir | EVP, Chief Technology Officer | Sept. 30, 2016 A | 2,677 | 0 | 0 | $0 |
| Sarah K Allen | Executive Vice President | June 30, 2016 A | 1,252 | 0 | 0 | $0 |
| Kenneth P Sharp | Senior VP and Controller | Dec. 30, 2015 A | 10,495 | 0 | 0 | $0 |
| Thomas G Baybrook | Senior Vice President | July 30, 2013 A | 1,969 | 0 | 0 | $0 |
| Brian F Keenan | Executive Vice President | July 30, 2013 A | 4,403 | 0 | 0 | $0 |
| James E Cuff | Executive Vice President | June 28, 2013 A | 10,556 | 0 | 0 | $0 |
| Douglas E Scott | Exec VP, Gen'l Counsel & Sec'y | April 29, 2010 G | 155,858 | 0 | 0 | $0 |
| Kenneth C Dahlberg | Chairman of the Board | April 8, 2010 P | 386,131 | 0 | 0 | $0 |
| Arnold L Punaro | Executive Vice President | April 2, 2010 A | 37,795 | 0 | 0 | $0 |
| Joseph P Walkush | Executive Vice President | Jan. 13, 2010 S | 0 | 0 | 0 | $0 |
| Steven P Fisher | Senior VP and Treasurer | Dec. 24, 2007 G | 0 | 0 | 0 | $0 |
| Harry M Jansen Kraemer JR | Director | Oct. 7, 2026 A | 132,108 | 0 | 0 | $0 |
| Robert S Shapard | Director | Sept. 30, 2026 A | 1,638 | 0 | 0 | $0 |
| Gary Stephen May | Director | Sept. 1, 2026 S | 10,204 | 0 | 2 | $-337,851 |
| Susan M Stalnecker | Director | Feb. 18, 2025 M | 20,985 | 0 | 0 | $0 |
| Robert C Kovarik JR | Director | Feb. 13, 2025 M | 6,408 | 0 | 0 | $0 |
| Surya N Mohapatra | Director | Nov. 7, 2024 M | 20,001 | 0 | 0 | $0 |
| Miriam E John | Director | March 28, 2024 A | 80,659 | 0 | 0 | $0 |
| Frank Kendall III | Director | June 30, 2021 A | 7,136 | 0 | 0 | $0 |
| Lawrence C Nussdorf | Director | May 11, 2020 M | 53,141 | 0 | 0 | $0 |
| John J Hamre | Director | June 30, 2016 A | 41,310 | 0 | 0 | $0 |
| Anita K Jones | Director | April 30, 2014 A | 5,045 | 0 | 0 | $0 |
| France A Cordova | Director | July 30, 2013 A | 44,787 | 0 | 0 | $0 |
| Thomas F Frist III | Director | July 30, 2013 A | 9,488 | 0 | 0 | $0 |
| Edward J Sanderson JR | Director | July 30, 2013 A | 14,863 | 0 | 0 | $0 |
| Jere A Drummond | Director | July 30, 2013 A | 30,458 | 0 | 0 | $0 |
| YOUNG A THOMAS/CA | Director | April 30, 2013 A | 151,206 | 0 | 0 | $0 |
| Louis A Simpson | Director | April 1, 2011 A | 30,468 | 0 | 0 | $0 |
| Wolfgang H Demisch | Director | April 3, 2009 A | 44,388 | 0 | 0 | $0 |
| Noel B Williams | · | Aug. 11, 2026 S | 34,274 | 0 | 2 | $-1,406,620 |
| Elizabeth A Porter | · | Aug. 4, 2026 F | 44,384 | 0 | 5 | $-1,437,308 |
| Nancy A Norton | · | May 8, 2026 A | 3,144 | 0 | 0 | $0 |
| Gregory R Dahlberg | · | May 8, 2026 A | 24,036 | 0 | 0 | $0 |
| Patrick M Shanahan | · | May 8, 2026 A | 5,762 | 0 | 0 | $0 |
| David G Fubini | · | May 8, 2026 A | 17,548 | 0 | 0 | $0 |
| Tina W Jonas | · | May 8, 2026 A | 2,446 | 0 | 0 | $0 |
| Thomas Arthur Bell | · | May 5, 2026 F | 108,696 | 0 | 0 | $0 |
| Jason M. O'Connor | · | March 8, 2026 F | 14,924 | 0 | 0 | $0 |
| Leslie K. Fautsch | · | March 8, 2026 F | 22,314 | 0 | 0 | $0 |
| Daniel A. Atkinson | · | March 8, 2026 F | 3,303 | 0 | 0 | $0 |
| Stephen Edward Hull | · | March 8, 2026 F | 36,310 | 0 | 0 | $0 |
| Cindy Gruensfelder | · | March 8, 2026 F | 26,499 | 0 | 0 | $0 |
| Mary Vicki Schmanske | · | Dec. 2, 2025 G | 67,787 | 0 | 0 | $0 |
| James F. Carlini | · | Nov. 19, 2025 G | 22,169 | 0 | 0 | $0 |
| Angela L Heise | · | Aug. 26, 2019 F | 20,155 | 0 | 0 | $0 |
| Ranjit S Chadha | · | May 13, 2019 F | 6,147 | 0 | 0 | $0 |
| John J Fratamico Jr | · | Sept. 28, 2018 A | 42,713 | 0 | 0 | $0 |
| John P Jumper | · | March 30, 2018 A | 7,105 | 0 | 0 | $0 |
| Timothy J Reardon | · | March 2, 2018 A | 45,443 | 0 | 0 | $0 |
| Ann M Addison | · | March 2, 2018 A | 22,806 | 0 | 0 | $0 |
| Vincent A Maffeo | · | June 30, 2017 A | 29,960 | 0 | 0 | $0 |
| Mary S Craft | · | March 14, 2017 M | 15,939 | 0 | 0 | $0 |
| Nazzic S Keene | · | Sept. 14, 2013 F | 17,328 | 0 | 0 | $0 |
| William A Roper JR | · | May 24, 2007 M | 44,500 | 0 | 0 | $0 |
| George T Singley III | · | May 8, 2007 M | · | 0 | 0 | $0 |
| Theoren P Smith III | · | April 27, 2007 M | · | 0 | 0 | $0 |
| Larry J Peck | · | April 2, 2007 F | · | 0 | 0 | $0 |
| Donald H Foley | · | Jan. 3, 2007 M | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 128 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NRSH · Tidal Trust I | 3.43% | 8,911 NS | July 31, 2026 | N-PORT |
| SMRI · EA Series Trust | 2.00% | 111,500 NS | July 31, 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.86% | 412,952 NS | July 31, 2026 | N-PORT |
| RUNN · Strategic Trust | 1.78% | 52,683 NS | Aug. 31, 2026 | N-PORT |
| FOWF · Pacer Funds Trust | 1.73% | 2,373 NS | July 31, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 1.70% | 540,981 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 1.52% | 238,406 SH | Sept. 11, 2026 | Daily |
| WLTG · ETF Opportunities Trust | 1.38% | 9,186 NS | July 31, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.26% | 68,337 SH | Oct. 23, 2026 | Daily |
| PPA · Invesco Exchange-Traded Fund Trust | 1.04% | 565,406 SH | Oct. 23, 2026 | Daily |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.04% | 162,265 SH | Oct. 23, 2026 | Daily |
| SRHQ · Elevation Series Trust | 0.82% | 15,022 NS | July 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.80% | 10,737 SH | Oct. 23, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.53% | 5,411 NS | July 31, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.39% | 21,389 NS | Aug. 31, 2026 | N-PORT |
| TDVI · First Trust Exchange-Traded Fund IV | 0.30% | 13,470 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.28% | 1,831,751 SH | Aug. 19, 2026 | Daily |
| FBCV · FIDELITY COVINGTON TRUST | 0.25% | 3,794 NS | July 31, 2026 | N-PORT |
| MADE · iShares Trust | 0.24% | 1,077 SH | Sept. 11, 2026 | Daily |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 91,458 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.23% | 20,339 SH | Sept. 11, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 9,027 NS | July 31, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.22% | 4,712 NS | Aug. 31, 2026 | N-PORT |
| VLUE · iShares Trust | 0.21% | 158,680 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.21% | 1,532,252 SH | Oct. 23, 2026 | Daily |
| SIZE · iShares Trust | 0.20% | 6,639 SH | Sept. 11, 2026 | Daily |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 1,678 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.20% | 5,674,000 | Oct. 22, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.20% | 39,273 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 7,738 NS | July 31, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.19% | 97 NS | Aug. 31, 2026 | N-PORT |
| DUSL · Direxion Shares ETF Trust | 0.19% | 929 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.18% | 26,667 SH | Sept. 11, 2026 | Daily |
| EXI · iShares Trust | 0.16% | 17,891 SH | Sept. 11, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.16% | 4,693 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.16% | 145,319 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.16% | 187,392 SH | Sept. 11, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 11,463 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.16% | 215,000 | Oct. 23, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 33,826 NS | July 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.15% | 2,885,695 SH | Aug. 19, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.13% | 4,130,000 | Oct. 23, 2026 | Daily |
| LRGF · iShares Trust | 0.13% | 36,441 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.12% | 513,602 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.11% | 14,614 SH | Sept. 11, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.11% | 6,801 NS | July 31, 2026 | N-PORT |
| RECS · Columbia ETF Trust I | 0.11% | 55,816 NS | July 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.11% | 133,316 NS | July 31, 2026 | N-PORT |
| GLOF · iShares Trust | 0.10% | 1,590 SH | Sept. 11, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 68,110 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.09% | 161 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.09% | 69,576 SH | Oct. 23, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.08% | 15,928 NS | July 31, 2026 | N-PORT |
| IYW · iShares Trust | 0.08% | 155,137 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.08% | 105,995 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.07% | 39,225 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 3,889 SH | Oct. 23, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 4,664 SH | Oct. 23, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.06% | 253,120 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.06% | 2,869 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.05% | 208,697 SH | Sept. 11, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.05% | 109 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.05% | 14,893 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.05% | 109,354 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.05% | 4,809 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 33,085 SH | Oct. 23, 2026 | Daily |
| IWD · iShares Trust | 0.04% | 280,074 SH | Sept. 11, 2026 | Daily |
| AQLT · iShares Trust | 0.04% | 1,026 SH | Sept. 11, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.04% | 2,880 SH | Aug. 19, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.04% | 29,081 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 75,610 SH | Aug. 19, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.04% | 45,000 | Oct. 23, 2026 | Daily |
| EGLE · Global X Funds | 0.03% | 6 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.03% | 4,007 SH | Oct. 23, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.03% | 33,180 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.03% | 74 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.03% | 6,298 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.03% | 1,309 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.03% | 18 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.03% | 8 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.03% | 752 SH | Oct. 23, 2026 | Daily |
| IVV · iShares Trust | 0.02% | 1,585,521 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 19,359 SH | Oct. 23, 2026 | Daily |
| ILCB · iShares Trust | 0.02% | 2,442 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.02% | 10 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.02% | 6,612 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.02% | 5,449 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 86,019 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.02% | 10,874 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.02% | 6,485 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.02% | 34,964 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.02% | 97 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.02% | 124 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.02% | 17,195 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.02% | 2,109 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.02% | 162,623 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.02% | 100 SH | Oct. 23, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.02% | 38,166 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.02% | 475 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.02% | 3,017 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.02% | 3,266,057 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 3,993,715 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 20,694 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 10,558 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.02% | 475 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.02% | 63,497 SH | Sept. 11, 2026 | Daily |
| KOKU · DBX ETF Trust | 0.02% | 1,112 NS | Aug. 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.02% | 333 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.02% | 873 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.02% | 9,834 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.02% | 10,594 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.02% | 39,759 SH | Sept. 11, 2026 | Daily |
| QLC · FlexShares Trust | 0.02% | 1,344 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.01% | 1,336 SH | Sept. 11, 2026 | Daily |
| DUHP · Dimensional ETF Trust | 0.01% | 14,966 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,528 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 108,134 SH | Aug. 19, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.01% | 276,000 | Oct. 22, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 9,702 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.01% | 3 NS | July 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.00% | 58 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
LDOS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
15 analysts · 2026-10-25Mean target $151.73 +9.2%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LDOS | $23.19B | 16.5 | 3.1% | 8.4% | 31.1% | · |
| VRSK | $30.96B | 34.5 | 6.6% | 29.6% | 444.1% | · |
| EFX | $26.12B | 40.8 | 6.9% | 10.9% | 14.1% | · |
| J | $17.61B | 62.1 | 4.6% | 2.4% | 7.1% | 24.8% |
| J | $17.61B | 62.1 | 4.6% | 2.4% | 7.1% | 24.8% |
| CACI | $10.24B | 19.2 | 10.9% | 5.6% | 12.5% | · |
| ULS | $15.85B | 49.3 | 6.4% | 10.7% | 30.0% | · |
| TRU | $16.50B | 37.0 | 9.4% | 10.0% | 10.5% | · |
| BAH | $9.39B | 11.3 | -6.4% | 7.6% | 81.0% | · |
| ANDG | · | · | 14.6% | -0.28% | 3.5% | · |
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