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Leidos vs Open Text: revenue, profit, margins and growth compared

Leidos brought in $17.2B of revenue in fiscal 2025, Open Text $5.2B in fiscal 2026. Revenue changed by +3.1% at Leidos and +1.5% at Open Text on the year before, so Leidos grew faster. Leidos kept 8.4% of its revenue as net profit, Open Text 12.3%. Free cash flow was $1.6B at Leidos and $807.5M at Open Text.

Side by side, latest fiscal year

LDOSOTEX
Fiscal year endedFY2025 (January 2, 2026)FY2026 (June 30, 2026)
Revenue$17.2B$5.2B
Revenue growth+3.1%+1.5%
Net income$1.4B$643M
Net margin8.4%12.3%
Free cash flow$1.6B$807.5M
Free cash flow margin9.5%15.4%
Earnings per share (diluted)$11.14$2.58
Cash$1.1B$956M
Debt$4.6B$5.8B
Price to earnings11.18.7
Market value$15.5B$5.6B
Dividend yield1.32%4.89%
Rank by revenue in sector#42 of 530 · Technology#87 of 530 · Technology

Over the years

Revenue
LDOS FY2018: $10.2BLDOS FY2019: $11.1BLDOS FY2020: $12.3BLDOS FY2021: $13.7BLDOS FY2022: $14.4BLDOS FY2023: $15.4BLDOS FY2024: $16.7BLDOS FY2025: $17.2BOTEX FY2019: $2.9BOTEX FY2020: $3.1BOTEX FY2021: $3.4BOTEX FY2022: $3.5BOTEX FY2023: $4.5BOTEX FY2024: $5.8BOTEX FY2025: $5.2BOTEX FY2026: $5.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
LDOS $17.2BOTEX $5.2B
Net income
LDOS FY2018: $581MLDOS FY2019: $667MLDOS FY2020: $628MLDOS FY2021: $753MLDOS FY2022: $685MLDOS FY2023: $199MLDOS FY2024: $1.3BLDOS FY2025: $1.4BOTEX FY2019: $285.5MOTEX FY2020: $234.2MOTEX FY2021: $310.7MOTEX FY2022: $397.1MOTEX FY2023: $150.4MOTEX FY2024: $465.1MOTEX FY2025: $435.9MOTEX FY2026: $643MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LDOS $1.4BOTEX $643M
Net margin
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%OTEX FY2019: 10.0%OTEX FY2020: 7.5%OTEX FY2021: 9.2%OTEX FY2022: 11.4%OTEX FY2023: 3.4%OTEX FY2024: 8.1%OTEX FY2025: 8.4%OTEX FY2026: 12.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LDOS 8.4%OTEX 12.3%
Revenue growth
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%OTEX FY2020: +8.4%OTEX FY2021: +8.9%OTEX FY2022: +3.2%OTEX FY2023: +28.4%OTEX FY2024: +28.6%OTEX FY2025: -10.4%OTEX FY2026: +1.5%FY19FY20FY21FY22FY23FY24FY25FY26
LDOS +3.1%OTEX +1.5%
Free cash flow
LDOS FY2018: $695MLDOS FY2019: $871MLDOS FY2020: $1.2BLDOS FY2021: $929MLDOS FY2022: $863MLDOS FY2023: $980MLDOS FY2024: $1.3BLDOS FY2025: $1.6BOTEX FY2019: $812.4MOTEX FY2020: $881.8MOTEX FY2021: $812.4MOTEX FY2022: $888.7MOTEX FY2023: $655.4MOTEX FY2024: $808.4MOTEX FY2025: $687.4MOTEX FY2026: $807.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LDOS $1.6BOTEX $807.5M

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

Questions about Leidos and Open Text

Which is bigger by revenue, Leidos or Open Text?

Leidos is bigger by revenue: $17.2B in fiscal 2025, against $5.2B for Open Text in fiscal 2026.

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

Leidos had a net margin of 8.4% in fiscal 2025; Open Text had 12.3% in fiscal 2026.

Which grew revenue faster, Leidos or Open Text?

In their latest fiscal years revenue changed by +3.1% at Leidos and +1.5% at Open Text.

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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