Leidos Holdings Inc (NYSE:LDOS) stock slid on Tuesday after the company reported its fourth-quarter results and guidance.
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The company reported a 4% year-over-year (Y/Y) decline in quarterly revenue to $4.21 billion, missing the analyst consensus estimate of $4.31 billion.
Revenues declined due to an extra work week in the fourth-quarter of fiscal year 2024 and the six-week government shutdown in the fourth-quarter of 2025.
The company’s adjusted EPS was $2.76, up 16% Y/Y, beating the analyst consensus estimate of $2.61.
Adjusted EBITDA was $556 million, up 9% Y/Y; however, the margin of 13.2% climbed from 11.6% a year ago.
Net bookings totaled $5.6 billion for the quarter, representing a book-to-bill ratio of 1.3.
As a result, the backlog at the end of fiscal year 2025 was $49.0 billion, of which $9.7 billion was funded.
Leidos held $1.1 billion in cash and equivalents as of January 2, 2026.
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