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Leidos Holdings vs Kyndryl Holdings: LDOS and KD compared
Leidos Holdings is the larger company: $4.6B of revenue in its latest quarter (Q3 2026) against $3.7B for Kyndryl Holdings (Q2 FY27). Leidos Holdings is growing faster (+4% against -2% a year earlier). Leidos Holdings is more profitable, with an operating margin of 11.9% against 3.1%.
Where the money goes: LDOS and KD
Leidos Holdings (LDOS) · Q3 2026
Leidos Holdings, Q3 2026: revenue $4.6B (+4% year over year), operating margin 11.9%, net earnings $413M, operating cash flow $523M. The chart follows the revenue to costs, profit and cash.
Kyndryl Holdings (KD) · Q2 FY27
Kyndryl Holdings, Q2 FY27: revenue $3.7B (-2% year over year), operating margin 3.1%, net earnings $59.0M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
| Leidos Holdings (LDOS) | Kyndryl Holdings (KD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $4.6B | $3.7B |
| Revenue growth, Y/Y | +4% | -2% |
| Operating margin | 11.9% | 3.1% |
| Net earnings | $413M | $59.0M |
| Net margin | 8.9% | 1.6% |
| Operating cash flow | $523M | $173M |
| Free cash flow | $476M | — |
| Market value | $17.0B | $3.5B |
| P/E | 12.1× | 46.2× |
| Analysts’ mean target | $152.00 | $17.40 |
Where the revenue comes from
Leidos Holdings
- Intelligence & Digital: $1.5B (33%)
- Health: $1.1B (23%)
- Homeland: $1.0B (22%)
- Defense: $992M (21%)
Kyndryl Holdings
- Principal Markets: $1.2B (32%)
- United States: $980M (27%)
- Strategic Markets: $939M (26%)
- Japan: $555M (15%)
Questions
Which is bigger, Leidos Holdings or Kyndryl Holdings?
Leidos Holdings is the larger company: $4.6B of revenue in its latest quarter (Q3 2026) against $3.7B for Kyndryl Holdings (Q2 FY27).
Is Leidos Holdings or Kyndryl Holdings growing faster?
Leidos Holdings is growing faster (+4% against -2% a year earlier).
Which is more profitable, Leidos Holdings or Kyndryl Holdings?
Leidos Holdings is more profitable, with an operating margin of 11.9% against 3.1%.
More: Leidos Holdings earnings · how Leidos Holdings makes money · Kyndryl Holdings earnings · how Kyndryl Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.