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Kyndryl vs Leidos: revenue, profit, margins and growth compared

Kyndryl brought in $15.1B of revenue in fiscal 2026, Leidos $17.2B in fiscal 2025. Revenue changed by +0.2% at Kyndryl and +3.1% at Leidos on the year before, so Leidos grew faster. Kyndryl kept 1.3% of its revenue as net profit, Leidos 8.4%. Free cash flow was $340M at Kyndryl and $1.6B at Leidos.

Side by side, latest fiscal year

KDLDOS
Fiscal year endedFY2026 (March 31, 2026)FY2025 (January 2, 2026)
Revenue$15.1B$17.2B
Revenue growth+0.2%+3.1%
Net income$198M$1.4B
Net margin1.3%8.4%
Free cash flow$340M$1.6B
Free cash flow margin2.3%9.5%
Earnings per share (diluted)$0.85$11.14
Cash$2.6B$1.1B
Debt$3.9B$4.6B
Price to earnings13.711.1
Market value$2.5B$15.5B
Dividend yieldn/a1.32%
Rank by revenue in sector#44 of 530 · Technology#42 of 530 · Technology

Over the years

Revenue
KD FY2019: $20.3BKD FY2021: $19.4BKD FY2021: $18.7BKD FY2023: $17BKD FY2024: $16.1BKD FY2025: $15.1BKD FY2026: $15.1BLDOS FY2018: $10.2BLDOS FY2019: $11.1BLDOS FY2020: $12.3BLDOS FY2021: $13.7BLDOS FY2022: $14.4BLDOS FY2023: $15.4BLDOS FY2024: $16.7BLDOS FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KD $15.1BLDOS $17.2B
Net income
KD FY2019: -$943MKD FY2021: -$2BKD FY2021: -$2.3BKD FY2023: -$1.4BKD FY2024: -$340MKD FY2025: $252MKD FY2026: $198MLDOS FY2018: $581MLDOS FY2019: $667MLDOS FY2020: $628MLDOS FY2021: $753MLDOS FY2022: $685MLDOS FY2023: $199MLDOS FY2024: $1.3BLDOS FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KD $198MLDOS $1.4B
Net margin
KD FY2019: -4.7%KD FY2021: -10.4%KD FY2021: -12.3%KD FY2023: -8.1%KD FY2024: -2.1%KD FY2025: 1.7%KD FY2026: 1.3%LDOS FY2018: 5.7%LDOS FY2019: 6.0%LDOS FY2020: 5.1%LDOS FY2021: 5.5%LDOS FY2022: 4.8%LDOS FY2023: 1.3%LDOS FY2024: 7.5%LDOS FY2025: 8.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
KD 1.3%LDOS 8.4%
Revenue growth
KD FY2021: -4.6%KD FY2021: -3.6%KD FY2024: -5.7%KD FY2025: -6.2%KD FY2026: +0.2%LDOS FY2019: +8.8%LDOS FY2020: +10.8%LDOS FY2021: +11.7%LDOS FY2022: +4.8%LDOS FY2023: +7.2%LDOS FY2024: +7.9%LDOS FY2025: +3.1%FY19FY20FY21FY22FY23FY24FY25FY26
KD +0.2%LDOS +3.1%
Free cash flow
KD FY2019: -$56MKD FY2021: -$408MKD FY2021: -$871MKD FY2023: -$84MKD FY2024: -$197MKD FY2025: $337MKD FY2026: $340MLDOS FY2018: $695MLDOS FY2019: $871MLDOS FY2020: $1.2BLDOS FY2021: $929MLDOS FY2022: $863MLDOS FY2023: $980MLDOS FY2024: $1.3BLDOS FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KD $340MLDOS $1.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Kyndryl and Leidos

Which is bigger by revenue, Kyndryl or Leidos?

Leidos is bigger by revenue: $17.2B in fiscal 2025, against $15.1B for Kyndryl in fiscal 2026.

Which keeps more of its revenue as profit, Kyndryl or Leidos?

Kyndryl had a net margin of 1.3% in fiscal 2026; Leidos had 8.4% in fiscal 2025.

Which grew revenue faster, Kyndryl or Leidos?

In their latest fiscal years revenue changed by +0.2% at Kyndryl and +3.1% at Leidos.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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