QTWO vs. LDOS

Last updated Apr 1, 2026

Compare and contrast key facts about Q2 Holdings, Inc. (QTWO) and Leidos Holdings, Inc. (LDOS).

Performance

QTWO vs. LDOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q2 Holdings, Inc. (QTWO) and Leidos Holdings, Inc. (LDOS). The values are adjusted to include any dividend payments, if applicable.

QTWO vs. LDOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QTWO Q2 Holdings, Inc.	-34.45%	-28.31%	131.86%	61.56%	-66.18%	-37.22%	56.06%	63.63%	34.46%	27.73%
LDOS Leidos Holdings, Inc.	-13.31%	26.50%	34.52%	4.50%	20.04%	-14.20%	8.95%	88.82%	-16.72%	29.14%

Fundamentals

Market Cap QTWO : $3.24B LDOS : $20.66B
EPS QTWO : $0.75 LDOS : $11.12
PE Ratio QTWO : 63.02 LDOS : 14.02
PS Ratio QTWO : 4.12 LDOS : 1.19
PB Ratio QTWO : 4.89 LDOS : 4.20
Total Revenue (TTM) QTWO : $794.81M LDOS : $17.17B
Gross Profit (TTM) QTWO : $429.68M LDOS : $3.03B
EBITDA (TTM) QTWO : $90.36M LDOS : $2.41B

Returns By Period

In the year-to-date period, QTWO achieves a -34.45% return, which is significantly lower than LDOS's -13.31% return. Over the past 10 years, QTWO has underperformed LDOS with an annualized return of 6.95%, while LDOS has yielded a comparatively higher 17.10% annualized return.

QTWO

• 1D: 1.55%
• 1M: -5.85%
• YTD: -34.45%
• 6M: -30.56%
• 1Y: -41.94%
• 3Y*: 24.32%
• 5Y*: -14.43%
• 10Y*: 6.95%

LDOS

• 1D: 0.32%
• 1M: -12.82%
• YTD: -13.31%
• 6M: -18.20%
• 1Y: 16.71%
• 3Y*: 20.62%
• 5Y*: 11.52%
• 10Y*: 17.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

QTWO vs. LDOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTWO

QTWO Risk / Return Rank: 8
QTWO Sharpe Ratio Rank: 6
QTWO Sortino Ratio Rank: 6
QTWO Omega Ratio Rank: 8
QTWO Calmar Ratio Rank: 13
QTWO Martin Ratio Rank: 8

LDOS

LDOS Risk / Return Rank: 58
LDOS Sharpe Ratio Rank: 61
LDOS Sortino Ratio Rank: 53
LDOS Omega Ratio Rank: 55
LDOS Calmar Ratio Rank: 57
LDOS Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTWO vs. LDOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q2 Holdings, Inc. (QTWO) and Leidos Holdings, Inc. (LDOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QTWO	LDOS	Difference
Sharpe ratio Return per unit of total volatility	-0.94	0.57	-1.51
Sortino ratio Return per unit of downside risk	-1.42	0.95	-2.37
Omega ratio Gain probability vs. loss probability	0.83	1.14	-0.31
Calmar ratio Return relative to maximum drawdown	-0.79	0.75	-1.54
Martin ratio Return relative to average drawdown	-1.57	2.41	-3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTWO vs. LDOS - Sharpe Ratio Comparison

The current QTWO Sharpe Ratio is -0.94, which is lower than the LDOS Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of QTWO and LDOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QTWO	LDOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	0.57	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.44	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.63	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	—	—

Correlation

The correlation between QTWO and LDOS is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QTWO vs. LDOS - Dividend Comparison

QTWO has not paid dividends to shareholders, while LDOS's dividend yield for the trailing twelve months is around 1.06%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QTWO Q2 Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDOS Leidos Holdings, Inc.	1.06%	0.90%	1.07%	1.35%	1.37%	1.57%	1.29%	1.35%	2.43%	1.98%	29.17%	3.41%

Drawdowns

QTWO vs. LDOS - Drawdown Comparison

The maximum QTWO drawdown since its inception was -85.77%, smaller than the maximum LDOS drawdown of -1,482.10%. Use the drawdown chart below to compare losses from any high point for QTWO and LDOS.

Drawdown Indicators

	QTWO	LDOS	Difference
Max Drawdown Largest peak-to-trough decline	-85.77%	-1,482.10%	+1,396.33%
Max Drawdown (1Y) Largest decline over 1 year	-52.32%	-22.36%	-29.96%
Max Drawdown (5Y) Largest decline over 5 years	-80.69%	-36.86%	-43.83%
Max Drawdown (10Y) Largest decline over 10 years	-85.77%	-42.29%	-43.48%
Current Drawdown Current decline from peak	-67.76%	-1,185.68%	+1,117.92%
Average Drawdown Average peak-to-trough decline	-29.62%	-424.05%	+394.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.46%	6.94%	+19.52%

Volatility

QTWO vs. LDOS - Volatility Comparison

Q2 Holdings, Inc. (QTWO) has a higher volatility of 9.33% compared to Leidos Holdings, Inc. (LDOS) at 6.65%. This indicates that QTWO's price experiences larger fluctuations and is considered to be riskier than LDOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTWO	LDOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	6.65%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	28.78%	23.71%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	43.47%	29.51%	+13.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.14%	26.26%	+22.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.89%	27.28%	+16.61%

Financials

QTWO vs. LDOS - Profitability Comparison

The chart below illustrates the profitability comparison between Q2 Holdings, Inc. and Leidos Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

QTWO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Q2 Holdings, Inc. reported a gross profit of 115.28M and revenue of 208.22M. Therefore, the gross margin over that period was 55.4%.

LDOS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Leidos Holdings, Inc. reported a gross profit of 673.12M and revenue of 4.21B. Therefore, the gross margin over that period was 16.0%.

QTWO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Q2 Holdings, Inc. reported an operating income of 16.86M and revenue of 208.22M, resulting in an operating margin of 8.1%.

LDOS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Leidos Holdings, Inc. reported an operating income of 471.18M and revenue of 4.21B, resulting in an operating margin of 11.2%.

QTWO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Q2 Holdings, Inc. reported a net income of 20.44M and revenue of 208.22M, resulting in a net margin of 9.8%.

LDOS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Leidos Holdings, Inc. reported a net income of 335.00M and revenue of 4.21B, resulting in a net margin of 8.0%.