CACI International vs Leidos
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KIRA’s take AI analyst
I put CACI International and Leidos side by side, using each one’s latest annual report. Here is what stands out:
- Leidos is the larger business, with $17.2B of revenue in fiscal 2025 against $9.6B for CACI International, about 1.8 times as much.
- CACI International grew revenue faster (10.9%, against 3.1%).
- Leidos kept more of each dollar of sales as operating profit (12.3% operating margin, against 9.6%).
- Leidos turned more of its sales into free cash flow (9.5% FCF margin, against 8.2%).
- Leidos earned a higher return on the capital invested in it (19.3%, against 8.8%).
- Investors pay more for each dollar of CACI International’s earnings: a P/E of 27.3x against 13.1x for Leidos.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
CACI International
CACI
2/10
Revenue growth5-year growth
Leidos
LDOS
8/10
Operating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | CACI FY26 | LDOS FY25 |
|---|---|---|
| Size | ||
| Market cap | $14.8B | $17.6B |
| Revenue | $9.6B | $17.2B |
| Free cash flow | $780M | $1.6B |
| Net income | $536M | $1.4B |
| Growth | ||
| Revenue growth | 10.9% | 3.1% |
| 5-year growth | 9.6% | 6.9% |
| Share count change | −1.0% | −4.4% |
| Profitability | ||
| Gross margin | — | 18.0% |
| Operating margin | 9.6% | 12.3% |
| Net margin | 5.6% | 8.4% |
| FCF margin | 8.2% | 9.5% |
| Return on capital | 8.8% | 19.3% |
| Return on equity | 12.8% | 31.1% |
| Balance sheet | ||
| Net debt | $4.7B | $3.5B |
| Net debt / EBITDA | 4.7x | 1.5x |
| Dividends and buybacks | $17.1M | $611M |
| Valuation & quality | ||
| P/E | 27.3x | 13.1x |
| Piotroski F-score | 5 | 9 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.