FIS vs LDOS: Fidelity National Information Services and Leidos compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Fidelity National Information Services is the larger company, worth $17.3B, close to Leidos's $15.5B.
- Fidelity National Information Services grew revenue faster over the last year (+29.1% vs +7.2%).
- Fidelity National Information Services keeps more of each dollar of revenue as operating profit (15.7% vs 11.5%).
- On earnings, Fidelity National Information Services is the cheaper stock (6.5x vs 11.3x).
- Fidelity National Information Services's price assumes faster free cash flow growth: about -3% a year, against -5% for Leidos (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FIS | LDOS |
|---|---|---|
| Market cap | $17.3B | $15.5B |
| Share price | $34.04 | $121.68 |
| Revenue (last fiscal year) | $10.7B | $17.2B |
| Free cash flow (last fiscal year) | $1.6B | $1.6B |
| Revenue growth, last year | +29.1% | +7.2% |
| Revenue growth per year, last 5 fiscal years | +3.4% | +5.7% |
| Operating margin | 15.7% | 11.5% |
| Net margin | 27.6% | 7.8% |
| Return on equity | 21.0% | 26.0% |
| P/E (trailing) | 6.47x | 11.3x |
| Price / free cash flow | 6.14x | 9.55x |
| EV / EBITDA | 7.35x | 10.8x |
| FCF growth the price implies | -3.3% | -4.8% |
| Dividend yield | 4.9% | 1.4% |
| Debt / equity | 1.75x | 1.95x |
| Fundamental grade | B | C |
| Superinvestors holding it | 9 | 4 |
| Insider purchases, last 12 months | 9 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Fidelity National Information Services
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.3B | $3.6B | 11.1% |
| 2022 | $9.7B | $2.9B | 12.1% |
| 2023 | $9.8B | $3.6B | 14.7% |
| 2024 | $10.1B | $1.4B | 16.9% |
| 2025 | $10.7B | $1.6B | 16.3% |
Leidos
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.7B | $929M | 8.4% |
| 2022 | $14.4B | $863M | 7.6% |
| 2023 | $15.4B | $980M | 4.0% |
| 2024 | $16.7B | $1.3B | 11.0% |
| 2025 | $17.2B | $1.6B | 12.3% |
Where the revenue comes from
Fidelity National Information Services · by segments, 2025
Banking Solutions$7.3B68%
Capital Market Solutions$3.2B30%
Corporate and Other$196M2%
Leidos · by segments, 2025
National Security & Digital$7.6B44%
Health & Civil$5.1B30%
Commercial & International$2.3B14%
Defense Systems$2.2B13%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FIS in InvestinglyQuestions
Which is bigger, Fidelity National Information Services or Leidos?
Fidelity National Information Services (FIS), at $17.3B against $15.5B.
Is FIS or LDOS cheaper?
By trailing P/E, Fidelity National Information Services (6.47x) is cheaper than Leidos (11.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, FIS or LDOS?
Fidelity National Information Services: revenue grew +29.1% over the last year, against +7.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.