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Side-by-side financial comparison of Brookfield Wealth Solutions Ltd. (BNT) and Leidos (LDOS). Click either name above to swap in a different company.

Leidos is the larger business by last-quarter revenue ($4.2B vs $3.0B, roughly 1.4× Brookfield Wealth Solutions Ltd.). Brookfield Wealth Solutions Ltd. runs the higher net margin — 17.0% vs 7.8%, a 9.2% gap on every dollar of revenue. On growth, Brookfield Wealth Solutions Ltd. posted the faster year-over-year revenue change (4.7% vs -3.5%).

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies. It has over US$1 trillion of assets under management, much of which is workers’ deferred income from global public pension funds. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield Corp...

Leidos Holdings, Inc. is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT services provider.

BNT vs LDOS — Head-to-Head

Bigger by revenue
LDOS
LDOS
1.4× larger
LDOS
$4.2B
$3.0B
BNT
Growing faster (revenue YoY)
BNT
BNT
+8.1% gap
BNT
4.7%
-3.5%
LDOS
Higher net margin
BNT
BNT
9.2% more per $
BNT
17.0%
7.8%
LDOS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BNT
BNT
LDOS
LDOS
Revenue
$3.0B
$4.2B
Net Profit
$516.0M
$327.0M
Gross Margin
17.4%
Operating Margin
20.0%
11.3%
Net Margin
17.0%
7.8%
Revenue YoY
4.7%
-3.5%
Net Profit YoY
91.8%
15.1%
EPS (diluted)
$2.54

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNT
BNT
LDOS
LDOS
Q1 26
$4.2B
Q4 25
$4.4B
Q3 25
$4.2B
Q2 25
$3.0B
$4.2B
Q1 25
$4.3B
Q3 24
$4.2B
Q2 24
$2.9B
$4.1B
Q1 24
$4.0B
Net Profit
BNT
BNT
LDOS
LDOS
Q1 26
$327.0M
Q4 25
$367.0M
Q3 25
$391.0M
Q2 25
$516.0M
$363.0M
Q1 25
$284.0M
Q3 24
$364.0M
Q2 24
$269.0M
$322.0M
Q1 24
$284.0M
Gross Margin
BNT
BNT
LDOS
LDOS
Q1 26
17.4%
Q4 25
18.0%
Q3 25
18.0%
Q2 25
17.5%
Q1 25
15.6%
Q3 24
17.8%
Q2 24
16.6%
Q1 24
15.5%
Operating Margin
BNT
BNT
LDOS
LDOS
Q1 26
11.3%
Q4 25
12.0%
Q3 25
13.5%
Q2 25
20.0%
12.5%
Q1 25
9.7%
Q3 24
12.4%
Q2 24
-1.0%
11.6%
Q1 24
10.5%
Net Margin
BNT
BNT
LDOS
LDOS
Q1 26
7.8%
Q4 25
8.2%
Q3 25
9.2%
Q2 25
17.0%
8.6%
Q1 25
6.5%
Q3 24
8.7%
Q2 24
9.3%
7.8%
Q1 24
7.2%
EPS (diluted)
BNT
BNT
LDOS
LDOS
Q1 26
$2.54
Q4 25
$2.82
Q3 25
$3.01
Q2 25
$2.77
Q1 25
$2.10
Q3 24
$2.68
Q2 24
$2.37
Q1 24
$2.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNT
BNT
LDOS
LDOS
Cash + ST InvestmentsLiquidity on hand
$17.5B
$1.1B
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$15.8B
$4.9B
Total Assets
$148.9B
$13.5B
Debt / EquityLower = less leverage
0.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNT
BNT
LDOS
LDOS
Q1 26
$1.1B
Q4 25
$974.0M
Q3 25
$930.0M
Q2 25
$17.5B
$842.0M
Q1 25
$943.0M
Q3 24
$1.2B
Q2 24
$17.2B
$823.0M
Q1 24
$633.0M
Total Debt
BNT
BNT
LDOS
LDOS
Q1 26
$4.6B
Q4 25
$4.6B
Q3 25
$5.0B
Q2 25
$5.0B
Q1 25
$4.1B
Q3 24
$4.1B
Q2 24
$4.1B
Q1 24
$4.6B
Stockholders' Equity
BNT
BNT
LDOS
LDOS
Q1 26
$4.9B
Q4 25
$4.9B
Q3 25
$4.7B
Q2 25
$15.8B
$4.3B
Q1 25
$4.4B
Q3 24
$4.6B
Q2 24
$9.0B
$4.5B
Q1 24
$4.3B
Total Assets
BNT
BNT
LDOS
LDOS
Q1 26
$13.5B
Q4 25
$13.5B
Q3 25
$13.5B
Q2 25
$148.9B
$13.2B
Q1 25
$13.1B
Q3 24
$13.3B
Q2 24
$130.5B
$12.9B
Q1 24
$12.8B
Debt / Equity
BNT
BNT
LDOS
LDOS
Q1 26
0.94×
Q4 25
0.94×
Q3 25
1.07×
Q2 25
1.18×
Q1 25
0.92×
Q3 24
0.88×
Q2 24
0.92×
Q1 24
1.09×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNT
BNT
LDOS
LDOS
Operating Cash FlowLast quarter
$495.0M
Free Cash FlowOCF − Capex
$452.0M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNT
BNT
LDOS
LDOS
Q1 26
$495.0M
Q4 25
Q3 25
$711.0M
Q2 25
$58.0M
Q1 25
$299.0M
Q3 24
$656.0M
Q2 24
$374.0M
Q1 24
$63.0M
Free Cash Flow
BNT
BNT
LDOS
LDOS
Q1 26
$452.0M
Q4 25
Q3 25
$680.0M
Q2 25
$36.0M
Q1 25
$213.0M
Q3 24
$633.0M
Q2 24
$351.0M
Q1 24
$46.0M
FCF Margin
BNT
BNT
LDOS
LDOS
Q1 26
10.8%
Q4 25
Q3 25
16.1%
Q2 25
0.9%
Q1 25
4.9%
Q3 24
15.2%
Q2 24
8.5%
Q1 24
1.2%
Capex Intensity
BNT
BNT
LDOS
LDOS
Q1 26
1.0%
Q4 25
Q3 25
0.7%
Q2 25
0.5%
Q1 25
2.0%
Q3 24
0.6%
Q2 24
0.6%
Q1 24
0.4%
Cash Conversion
BNT
BNT
LDOS
LDOS
Q1 26
1.51×
Q4 25
Q3 25
1.82×
Q2 25
0.16×
Q1 25
1.05×
Q3 24
1.80×
Q2 24
1.16×
Q1 24
0.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BNT
BNT

Segment breakdown not available.

LDOS
LDOS

US Do D And US Intelligence Community$1.4B32%
Cost Reimbursement And Fixed Price Incentive Fee$1.0B24%
Commercial And International Segment$609.0M15%
Defense Systems Segment$546.0M13%
Other$358.0M9%
Time And Materials And Fixed Price Level Of Effort$295.0M7%
Commercial And Non US Customers$38.0M1%

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