How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Leidos (LDOS) ten years ago? It may not have been easy to hold on to LDOS for all that time, but if you did, how much would your investment be worth today?
Leidos' Business In-Depth
With that in mind, let's take a look at Leidos' main business drivers.
Founded in 1969, Delaware-based Leidos Holdings, Inc. is a global science and technology leader that serves the defense, intelligence, civil and health markets. Its core capabilities include providing solutions in the fields of cybersecurity; data analytics; enterprise IT modernization; operations and logistics; sensors, collection and phenomenology; software development; and systems engineering.
During the first quarter of 2024, Leidos Holdings completed a realignment of its segment and reporting structure. Consequently, the company currently operates through the following four business segments:
National Security and Digital: This business segment offers technology-enabled services and mission software capabilities in the areas of cyber, logistics, security operations and decision analytics, as well as IT operations and digital transformation programs. In 2025, this division generated revenues of $7.61 billion, contributing 44.3% to Leidos’ total revenues.
Health & Civil: This segment provides services and solutions in the areas of public health, care coordination, life and environmental sciences and transportation. Its core capabilities include health information management services, managed health services, systems and infrastructure modernization, and life sciences research and development. The unit recorded revenues of $5.07 billion in 2025, which accounted for 29.5% of Leidos’ total revenues.
Commercial & International: This unit’s products include IT modernization, software solutions, mission support and logistics, Command, Control, Computers, Communications, Intelligence, Surveillance and Reconnaissance (C4ISR) technologies and services, cloud services, power grid engineering, energy modernization and security products and services. Revenues from this division totaled $2.32 billion, representing 13.5% of Leidos’ total revenues.
Defense Systems: This unit develops and produces advanced space, aerial, surface, and sub-surface manned and unmanned defense systems. Revenues from this division totaled $2.18 billion in 2025, representing 12.7% of Leidos’ total revenues.
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Leidos, ten years ago, you're likely feeling pretty good about your investment today.
A $1000 investment made in August 2016 would be worth $3,694.81, or a 269.48% gain, as of August 18, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
The S&P 500 rose 254.92% and the price of gold increased 214.07% over the same time frame in comparison.
Analysts are forecasting more upside for LDOS too.
Leidos' second-quarter earnings and revenues beat estimates. The company is benefiting from rising backlog and contract awards that support revenue visibility, while NorthStar 2030 is expanding its position in defense tech, mission software and advanced production programs. Entrust acquisition and planned Analogic joint venture broaden exposure to energy infrastructure and security technology. Strong cash generation also supports debt reduction. Shares of the company have outperformed the industry over the past three months. However, growing government interest in insourcing certain integration activities could limit opportunities in parts of the traditional services portfolio. Profitability may also normalize as lower-margin businesses gain weight and prior-period benefits fade. We have a Neutral rating on LDOS shares.
Over the past four weeks, shares have rallied 32.92%, and there have been 5 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.
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Leidos Holdings, Inc. (LDOS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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