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The Company Science Applications International Corporation (herein referred to as SAIC, the Company, we, us, or our ) is a leading provider of technical, engineering and mission and enterprise information technology ("IT") services primarily to the U.S. government. The Company provides these services for large, complex projects with a targeted emphasis on higher-end, differentiated technology s…
Operating margin is thin at 7.17%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.9% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $2.52B represents 4.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$7.29B
▼ -2.9% YoY
Net Income (TTM)
$405M
▼ -1.1% YoY
Op. Margin
7.94%
▼ -0.4pp YoY
ROIC
13.10%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$603M
▲ +26.0% YoY
Op. Cash Flow (TTM)
$636M
▲ +23.3% YoY
Net Debt
$2.57B
Cash & Equiv.
$109M
5Y CAGR: +0.6%
5Y CAGR: -4.0%
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