Science Applications International Corporation (SAIC) 10-Year Financial Performance & Capital Metrics

SAIC • • Industrial / General

TechnologyIT ServicesIT Consulting & Professional ServicesGlobal IT Consulting Giants

AboutScience Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; Department of Defense agencies; National Aeronautics and Space Administration; the U.S. Department of State; Department of Justice; Department of Homeland Security; and various intelligence community agencies, as well as U.S. federal civilian agencies. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia.Show more

Revenue $7.48B +0.5%
EBITDA $703M -20.4%
Net Income $362M -24.1%
EPS (Diluted) 7.17 -19.3%
Gross Margin 11.93% +1.8%
EBITDA Margin 9.4% -20.8%
Operating Margin 7.53% -24.4%
Net Margin 4.84% -24.5%
ROE 21.53% -21.2%
ROIC 10.76% -22.0%
Debt/Equity 1.52 +20.6%
Interest Coverage 4.47 -27.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.3%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 6.0% through buybacks
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.77%

5Y3.23%

3Y0.38%

TTM-0.38%

Profit (Net Income) CAGR

10Y9.89%

5Y9.88%

3Y9.33%

TTM22.44%

EPS CAGR

10Y9.44%

5Y13.36%

3Y14.55%

TTM31.87%

ROCE

10Y Avg13.87%

5Y Avg12.58%

3Y Avg14.24%

Latest14.06%

Peer Comparison

Global IT Consulting Giants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IBMInternational Business Machines Corporation	283.37B	303.16	47.15	1.44%	12.09%	28.25%	4.15%	2.13
INFYInfosys Limited	70.88B	17.52	23.05	3.86%	16.58%	27.92%	5.92%	0.09
ACNAccenture plc	170.35B	276.80	22.78	7.36%	10.76%	23.84%	6.38%	0.25
CTSHCognizant Technology Solutions Corporation	40.77B	84.47	18.73	1.98%	10.2%	14.28%	4.48%	0.10
SAICScience Applications International Corporation	5.09B	112.74	15.72	0.47%	5.05%	24.54%	9%	1.52
GIBCGI Inc.	18.04B	93.89	12.77	8.43%	10.42%	16.13%	11.74%	0.43
DXCDXC Technology Company	2.6B	14.91	7.10	-5.82%	2.93%	11.18%	31.66%	1.30
WITWipro Limited	30.17B	2.88	0.23	-0.75%	15.06%	15.66%	100%	0.23

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	4.32B	4.45B	4.45B	4.66B	6.38B	7.06B	7.39B	7.7B	7.44B	7.48B
Revenue Growth %	0.11%	0.03%	0%	0.05%	0.37%	0.11%	0.05%	0.04%	-0.03%	0%
Cost of Goods Sold+	3.9B	4B	4.04B	4.2B	5.67B	6.26B	6.54B	6.82B	6.57B	6.59B
COGS % of Revenue	0.9%	0.9%	0.91%	0.9%	0.89%	0.89%	0.88%	0.88%	0.88%	0.88%
Gross Profit+	411M	439M	411M	464M	706M	792M	859M	888M	872M	892M
Gross Margin %	0.1%	0.1%	0.09%	0.1%	0.11%	0.11%	0.12%	0.12%	0.12%	0.12%
Gross Profit Growth %	0.23%	0.07%	-0.06%	0.13%	0.52%	0.12%	0.08%	0.03%	-0.02%	0.02%
Operating Expenses+	184M	176M	155M	241M	204M	348M	341M	387M	131M	329M
OpEx % of Revenue	0.04%	0.04%	0.03%	0.05%	0.03%	0.05%	0.05%	0.05%	0.02%	0.04%
Selling, General & Admin	158M	166M	155M	158M	288M	352M	344M	374M	373M	339M
SG&A % of Revenue	0.04%	0.04%	0.03%	0.03%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Research & Development	4M	4M	4M	5M	18M	14M	4M	9M	0	0
R&D % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	-	-
Other Operating Expenses	26M	1M	2M	86M	6M	50M	53M	13M	-242M	-10M
Operating Income+	227M	263M	256M	220M	370M	390M	462M	501M	741M	563M
Operating Margin %	0.05%	0.06%	0.06%	0.05%	0.06%	0.06%	0.06%	0.07%	0.1%	0.08%
Operating Income Growth %	-0.05%	0.16%	-0.03%	-0.14%	0.68%	0.05%	0.18%	0.08%	0.48%	-0.24%
EBITDA+	286M	316M	302M	267M	501M	569M	627M	658M	883M	703M
EBITDA Margin %	0.07%	0.07%	0.07%	0.06%	0.08%	0.08%	0.08%	0.09%	0.12%	0.09%
EBITDA Growth %	0.1%	0.1%	-0.04%	-0.12%	0.88%	0.14%	0.1%	0.05%	0.34%	-0.2%
D&A (Non-Cash Add-back)	59M	53M	46M	47M	131M	179M	165M	157M	142M	140M
EBIT	227M	264M	258M	223M	376M	393M	463M	493M	740M	554M
Net Interest Income+	-44M	-52M	-44M	-53M	-90M	-122M	-105M	-118M	-120M	-126M
Interest Income	0	0	0	0	0	0	0	120M	0	0
Interest Expense	44M	52M	44M	53M	90M	122M	105M	120M	120M	126M
Other Income/Expense	-44M	-51M	-42M	-50M	-84M	-179M	-162M	-126M	-121M	-135M
Pretax Income+	183M	212M	214M	170M	286M	271M	358M	375M	620M	428M
Pretax Margin %	0.04%	0.05%	0.05%	0.04%	0.04%	0.04%	0.05%	0.05%	0.08%	0.06%
Income Tax+	66M	69M	35M	33M	57M	60M	79M	72M	143M	66M
Effective Tax Rate %	0.64%	0.67%	0.84%	0.81%	0.79%	0.77%	0.77%	0.8%	0.77%	0.85%
Net Income+	117M	143M	179M	137M	226M	209M	277M	300M	477M	362M
Net Margin %	0.03%	0.03%	0.04%	0.03%	0.04%	0.03%	0.04%	0.04%	0.06%	0.05%
Net Income Growth %	-0.17%	0.22%	0.25%	-0.23%	0.65%	-0.08%	0.33%	0.08%	0.59%	-0.24%
Net Income (Continuing)	117M	143M	179M	137M	229M	211M	279M	303M	477M	362M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	14M	10M	10M	10M	10M	0	0
EPS (Diluted)+	2.47	3.12	4.02	3.11	3.83	3.56	4.77	5.38	8.88	7.17
EPS Growth %	-0.15%	0.26%	0.29%	-0.23%	0.23%	-0.07%	0.34%	0.13%	0.65%	-0.19%
EPS (Basic)	2.55	3.21	4.13	3.16	3.87	3.60	4.81	5.43	8.98	7.23
Diluted Shares Outstanding	47.4M	45.9M	44.5M	44.1M	59M	58.7M	58.1M	55.8M	53.7M	50.5M
Basic Shares Outstanding	45.8M	44.5M	43.3M	43.4M	58.4M	58.1M	57.6M	55.3M	53.1M	50.1M
Dividend Payout Ratio	0.47%	0.38%	0.3%	0.39%	0.38%	0.42%	0.31%	0.28%	0.17%	0.21%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	952M	901M	950M	1.43B	1.43B	1.29B	1.26B	1.2B	1.13B	1.15B
Cash & Short-Term Investments	195M	210M	144M	237M	188M	171M	106M	109M	94M	56M
Cash Only	195M	210M	144M	237M	188M	171M	106M	109M	94M	56M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	635M	539M	674M	1.05B	1.1B	962M	1.01B	936M	914M	1B
Days Sales Outstanding	53.71	44.21	55.23	82.26	62.88	49.76	50.1	44.35	44.82	48.8
Inventory	122M	152M	132M	74M	143M	156M	142M	152M	3M	0
Days Inventory Outstanding	11.41	13.86	11.92	6.44	9.2	9.09	7.93	8.14	0.17	-
Other Current Assets	33M	54M	64M	25M	19M	22M	21M	23M	27M	20M
Total Non-Current Assets+	1.17B	1.14B	1.12B	3.13B	3.28B	4.43B	4.48B	4.69B	4.18B	4.09B
Property, Plant & Equipment	71M	60M	61M	103M	281M	344M	309M	250M	243M	268M
Fixed Asset Turnover	60.77x	74.17x	73.02x	45.23x	22.70x	20.51x	23.93x	30.82x	30.63x	27.91x
Goodwill	860M	863M	863M	2.12B	2.14B	2.79B	2.91B	2.91B	2.85B	2.85B
Intangible Assets	224M	200M	179M	803M	711M	1.14B	1.13B	1.01B	894M	779M
Long-Term Investments	0	0	0	0	0	27M	28M	72M	0	91M
Other Non-Current Assets	7M	5M	11M	29M	76M	73M	84M	97M	167M	103M
Total Assets+	2.12B	2.04B	2.07B	4.56B	4.71B	5.72B	5.75B	5.54B	5.31B	5.25B
Asset Turnover	2.03x	2.18x	2.15x	1.02x	1.35x	1.23x	1.29x	1.39x	1.40x	1.43x
Asset Growth %	0.52%	-0.04%	0.02%	1.2%	0.03%	0.21%	0%	-0.04%	-0.04%	-0.01%
Total Current Liabilities+	688M	623M	695M	897M	1.13B	1.27B	1.35B	1.13B	1.16B	1.4B
Accounts Payable	351M	329M	397M	455M	527M	517M	612M	624M	567M	631M
Days Payables Outstanding	32.82	30	35.84	39.59	33.91	30.13	34.18	33.42	31.49	34.97
Short-Term Debt	57M	25M	41M	24M	70M	68M	148M	31M	77M	313M
Deferred Revenue (Current)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	0	261M	0	0	0	0	0	0	0	0
Current Ratio	1.38x	1.45x	1.37x	1.60x	1.27x	1.01x	0.93x	1.06x	0.98x	0.83x
Quick Ratio	1.21x	1.20x	1.18x	1.52x	1.14x	0.89x	0.83x	0.93x	0.97x	0.83x
Cash Conversion Cycle	32.3	28.07	31.31	49.11	38.18	28.73	23.85	19.07	13.49	-
Total Non-Current Liabilities+	1.05B	1.07B	1.05B	2.17B	2.16B	2.9B	2.77B	2.71B	2.37B	2.27B
Long-Term Debt	1.01B	1.02B	983M	2.06B	1.85B	2.45B	2.37B	2.34B	2.02B	1.91B
Capital Lease Obligations	0	0	0	0	172M	205M	192M	152M	147M	173M
Deferred Tax Liabilities	8M	13M	23M	160M	226M	2M	43M	333M	0	24M
Other Non-Current Liabilities	33M	38M	45M	96M	123M	227M	151M	214M	202M	169M
Total Liabilities	1.74B	1.69B	1.75B	3.06B	3.28B	4.17B	4.12B	3.84B	3.53B	3.67B
Total Debt+	1.07B	1.05B	1.02B	2.09B	2.09B	2.72B	2.71B	2.53B	2.25B	2.39B
Net Debt	875M	837M	880M	1.85B	1.91B	2.55B	2.6B	2.42B	2.15B	2.34B
Debt / Equity	2.82x	3.00x	3.13x	1.38x	1.47x	1.75x	1.66x	1.48x	1.26x	1.52x
Debt / EBITDA	3.74x	3.31x	3.39x	7.82x	4.18x	4.78x	4.32x	3.84x	2.54x	3.40x
Net Debt / EBITDA	3.06x	2.65x	2.91x	6.94x	3.80x	4.48x	4.15x	3.67x	2.44x	3.32x
Interest Coverage	5.16x	5.06x	5.82x	4.15x	4.11x	3.20x	4.40x	4.18x	6.18x	4.47x
Total Equity+	380M	349M	327M	1.51B	1.43B	1.55B	1.63B	1.7B	1.78B	1.58B
Equity Growth %	0.1%	-0.08%	-0.06%	3.63%	-0.06%	0.09%	0.05%	0.05%	0.05%	-0.12%
Book Value per Share	8.02	7.60	7.35	34.31	24.20	26.44	28.04	30.54	33.24	31.23
Total Shareholders' Equity	380M	349M	327M	1.5B	1.42B	1.54B	1.62B	1.69B	1.78B	1.58B
Common Stock	0	0	0	0	0	0	1.62B	1.69B	0	0
Retained Earnings	174M	260M	323M	367M	506M	627M	818M	1.03B	1.43B	1.56B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-9M	-2M	4M	-14M	-72M	-89M	-37M	22M	16M	12M
Minority Interest	0	0	0	14M	10M	10M	10M	10M	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	226M	273M	217M	184M	458M	755M	518M	532M	396M	494M
Operating CF Margin %	0.05%	0.06%	0.05%	0.04%	0.07%	0.11%	0.07%	0.07%	0.05%	0.07%
Operating CF Growth %	-0.18%	0.21%	-0.21%	-0.15%	1.49%	0.65%	-0.31%	0.03%	-0.26%	0.25%
Net Income	117M	148M	179M	137M	229M	211M	279M	303M	477M	362M
Depreciation & Amortization	62M	53M	46M	49M	138M	179M	165M	157M	142M	140M
Stock-Based Compensation	33M	31M	27M	45M	37M	42M	46M	48M	68M	53M
Deferred Taxes	3M	1M	13M	19M	44M	12M	59M	-17M	-17M	-3M
Other Non-Cash Items	-9M	-15M	184M	40M	5M	18M	-10M	-1M	-253M	-7M
Working Capital Changes	20M	63M	-48M	-106M	5M	293M	-21M	42M	-21M	-51M
Change in Receivables	-5M	96M	-135M	-4M	-43M	221M	-31M	79M	-46M	-86M
Change in Inventory	-11M	0	19M	-26M	-10M	8M	14M	0	-43M	0
Change in Payables	44M	16M	68M	-65M	62M	-76M	30M	-9M	13M	48M
Cash from Investing+	-798M	-17M	-22M	-1.03B	-47M	-1.23B	-292M	-36M	314M	-35M
Capital Expenditures	-20M	-15M	-22M	-28M	-21M	-46M	-36M	-25M	-27M	-36M
CapEx % of Revenue	0%	0%	0%	0.01%	0%	0.01%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-34M	-2M	-22M	1M	-5M	-3M	-6M	-8M	-5M	-7M
Cash from Financing+	466M	-247M	-261M	938M	-455M	464M	-301M	-493M	-725M	-498M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-55M	-54M	-54M	-53M	-87M	-87M	-86M	-83M	-79M	-75M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-12M	9M	-2M	-27M	-7M	-29M	-2M	-9M	-663M	-3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	206M	258M	195M	156M	437M	709M	482M	507M	369M	458M
FCF Margin %	0.05%	0.06%	0.04%	0.03%	0.07%	0.1%	0.07%	0.07%	0.05%	0.06%
FCF Growth %	-0.19%	0.25%	-0.24%	-0.2%	1.8%	0.62%	-0.32%	0.05%	-0.27%	0.24%
FCF per Share	4.35	5.62	4.38	3.54	7.41	12.08	8.30	9.09	6.87	9.07
FCF Conversion (FCF/Net Income)	1.93x	1.91x	1.21x	1.34x	2.03x	3.61x	1.87x	1.77x	0.83x	1.36x
Interest Paid	36M	48M	41M	44M	86M	96M	98M	111M	125M	121M
Taxes Paid	53M	46M	31M	24M	32M	39M	7M	70M	165M	66M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	32.28%	39.23%	52.96%	14.89%	15.37%	14.03%	17.42%	18%	27.34%	21.53%
Return on Invested Capital (ROIC)	19.04%	16.16%	16.05%	7.22%	8.29%	7.87%	8.32%	9%	13.79%	10.76%
Gross Margin	9.52%	9.87%	9.23%	9.96%	11.07%	11.22%	11.62%	11.53%	11.71%	11.93%
Net Margin	2.71%	3.21%	4.02%	2.94%	3.54%	2.96%	3.75%	3.89%	6.41%	4.84%
Debt / Equity	2.82x	3.00x	3.13x	1.38x	1.47x	1.75x	1.66x	1.48x	1.26x	1.52x
Interest Coverage	5.16x	5.06x	5.82x	4.15x	4.11x	3.20x	4.40x	4.18x	6.18x	4.47x
FCF Conversion	1.93x	1.91x	1.21x	1.34x	2.03x	3.61x	1.87x	1.77x	0.83x	1.36x
Revenue Growth	11.07%	3.13%	0.09%	4.6%	36.92%	10.61%	4.79%	4.19%	-3.37%	0.47%

Revenue by Segment

	2025
Defense And Intelligence	5.73B
Defense And Intelligence Growth	-

Frequently Asked Questions

Valuation & Price

Science Applications International Corporation (SAIC) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

Science Applications International Corporation (SAIC) reported $7.35B in revenue for fiscal year 2025. This represents a 31% decrease from $10.59B in 2012.

Science Applications International Corporation (SAIC) grew revenue by 0.5% over the past year. Growth has been modest.

Yes, Science Applications International Corporation (SAIC) is profitable, generating $371.0M in net income for fiscal year 2025 (4.8% net margin).

Dividend & Returns

Yes, Science Applications International Corporation (SAIC) pays a dividend with a yield of 1.32%. This makes it attractive for income-focused investors.

Science Applications International Corporation (SAIC) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.

Science Applications International Corporation (SAIC) generated $459.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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