GIB vs LDOS: CGI and Leidos compared
Leidos is the larger company, worth $16.2B, close to CGI's $15.4B.
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Leidos is the larger company, worth $16.2B, close to CGI's $15.4B.
- CGI grew revenue faster over the last year (+8.4% vs +2.7%).
- On earnings, Leidos is the cheaper stock (11.9x vs 15.5x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GIB | LDOS |
|---|---|---|
| Market cap | $15.4B | $16.2B |
| Share price | $83.29 | $132.68 |
| Revenue (last fiscal year) | 15.9B CAD | $17.2B |
| Free cash flow (last fiscal year) | 2.0B CAD | $1.6B |
| Revenue growth, last year | +8.4% | +2.7% |
| Revenue growth per year, last 5 fiscal years | +7.0% | +5.7% |
| Operating margin | — | 11.5% |
| Net margin | 10.4% | 8.0% |
| Return on equity | 16.1% | 27.4% |
| P/E (trailing) | 15.5x | 11.9x |
| Price / free cash flow | 9.27x | 8.26x |
| EV / EBITDA | — | 9.25x |
| FCF growth the price implies | — | -4.2% |
| Dividend yield | 0.79% | 1.3% |
| Debt / equity | 0.27x | 1.17x |
| Fundamental grade | C | C |
| Superinvestors holding it | 13 | 19 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
CGI
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | 12.1B CAD | 1.9B CAD | — |
| 2022 | 12.9B CAD | 1.6B CAD | — |
| 2023 | 14.3B CAD | 1.8B CAD | — |
| 2024 | 14.7B CAD | 1.9B CAD | — |
| 2025 | 15.9B CAD | 2.0B CAD | — |
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
CGI · by segments, 2025
Leidos · by segments, 2025
Questions
Which is bigger, CGI or Leidos?
Leidos (LDOS), at $16.2B against $15.4B.
Is GIB or LDOS cheaper?
By trailing P/E, Leidos (11.9x) is cheaper than CGI (15.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, GIB or LDOS?
CGI: revenue grew +8.4% over the last year, against +2.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.