Friday 6 November 2026
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Science Applications International Corporation
SAIC Technology Information Technology Services
Science Applications International Corporation’s revenue for fiscal 2026 (year ended January 2026) was $7.3 billion, down 2.90% from fiscal 2025.
- Revenue
- +6.27%
- EPS
- −11.4%
- Free cash flow
- +13.9%
- Total debt
- +8.42%
Quarter to July 2026, against a year earlier
145.52
1.34
−0.91%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 4,442 | 4,454 | 4,659 | 6,379 | 7,056 | 7,394 | 7,704 | 7,444 | 7,479 | 7,262 | 7,402 | +5.6% | 7,298 | 7,398 | 7,571 | +1.4% | |
| Gross margin, % | 9.88 | 9.23 | 9.96 | 11.07 | 11.22 | 11.62 | 11.53 | 11.71 | 11.93 | 12.01 | 12.65 | +2.1 pt | ||||||
| EBT | 212 | 214 | 170 | 286 | 271 | 358 | 375 | 620 | 428 | 387 | 457 | +6.9% | ||||||
| EBT margin, % | 4.77 | 4.80 | 3.65 | 4.48 | 3.84 | 4.84 | 4.87 | 8.33 | 5.72 | 5.33 | 6.17 | +0.6 pt | ||||||
| Net income | 143 | 179 | 137 | 229 | 211 | 279 | 303 | 477 | 362 | 358 | 380 | +10.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 99.82 | 102.86 | 107.35 | 109.23 | 121.45 | 128.37 | 139.31 | 140.19 | 149.28 | 156.85 | 174.58 | +5.1% | |||||
| Earnings | 3.33 | 4.13 | 3.16 | 3.87 | 3.60 | 4.81 | 5.42 | 8.98 | 7.23 | 7.73 | 8.63 | +9.8% | ||||||
| Cash flow | 6.13 | 5.01 | 4.24 | 7.84 | 12.99 | 8.99 | 9.62 | 7.46 | 9.86 | 13.15 | 15.57 | +8.8% | ||||||
| Capex | (0.34) | (0.51) | (0.65) | (0.36) | (0.79) | (5.05) | (0.45) | (0.51) | (0.72) | (0.69) | (0.97) | +8.3% | ||||||
| Free cash flow | 5.80 | 4.50 | 3.59 | 7.48 | 12.20 | 3.94 | 9.17 | 6.95 | 9.14 | 12.46 | 14.60 | +8.9% | ||||||
| Book value | 7.84 | 7.55 | 34.54 | 24.43 | 26.71 | 28.28 | 30.81 | 33.62 | 31.48 | 32.40 | 33.87 | +17.1% | ||||||
| Shares, m | 45 | 43 | 43 | 58 | 58 | 58 | 55 | 53 | 50 | 46 | 45 | +0.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 24.45 | 18.56 | 20.72 | 22.68 | 26.38 | 17.05 | 19.15 | 14.28 | 14.94 | 13.03 | 16.86 | 19.1 | |||||
| P/S | 0.82 | 0.75 | 0.63 | 0.80 | 0.78 | 0.64 | 0.74 | 0.91 | 0.73 | 0.64 | 0.83 | 0.7 | ||||||
| P/B | 10.38 | 10.15 | 1.94 | 3.59 | 3.55 | 2.90 | 3.37 | 3.80 | 3.44 | 3.11 | 4.30 | 4.6 | ||||||
| EV/Sales | 1.00 | 0.94 | 1.02 | 1.08 | 1.11 | 0.97 | 1.04 | 1.18 | 1.01 | 0.96 | 1.15 | 1.0 | ||||||
| EV/FCF | 17.29 | 21.53 | 30.55 | 15.70 | 11.09 | 31.44 | 15.79 | 23.80 | 16.57 | 12.09 | 13.78 | 19.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 273 | 217 | 184 | 458 | 755 | 518 | 532 | 396 | 494 | 609 | 660 | +9.3% | |||||
| Capex | (15) | (22) | (28) | (21) | (46) | (291) | (25) | (27) | (36) | (32) | (41) | +8.8% | ||||||
| Free cash flow | 258 | 195 | 156 | 437 | 709 | 227 | 507 | 369 | 458 | 577 | 619 | +9.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 278 | 255 | 536 | 302 | 14 | (89) | 71 | (27) | (242) | 197 | 217 | (3.8%) | |||||
| Net debt | 837 | 880 | 1,852 | 1,733 | 2,344 | 2,412 | 2,265 | 2,005 | 2,164 | 2,305 | 2,359 | +11.9% | ||||||
| Shareholders’ equity | 349 | 327 | 1,499 | 1,427 | 1,552 | 1,629 | 1,704 | 1,785 | 1,577 | 1,500 | 1,436 | +17.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 6.87 | 8.70 | 4.13 | 4.87 | 4.01 | 4.83 | 5.31 | 8.79 | 6.86 | 6.75 | 7.15 | (0.1) pt | |||||
| ROIC | 13.86 | 13.26 | 4.10 | 7.32 | 6.26 | 7.15 | 7.89 | 12.22 | 9.41 | 8.56 | 9.75 | (5.3) pt | ||||||
| ROE | 39.23 | 52.96 | 15.01 | 15.45 | 14.03 | 17.42 | 18.00 | 27.34 | 21.53 | 23.27 | 25.74 | (16.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 15,500 | 15,000 | 23,000 | 24,000 | 26,000 | 26,000 | 25,000 | 24,000 | 24,000 | 23,000 | — | +4.5% | |||||
| Revenue/emp, $m | 0.29 | 0.30 | 0.20 | 0.27 | 0.27 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | — | +1.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026
Business profile
Where the money comes from and where it goes Fiscal 2023
| Defense and Intelligence | 5,876 | 76.27% |
|---|---|---|
| Civilian | 1,828 | 23.73% |
| Gross margin | 11.53% | |
| Operating margin | 6.50% | |
| Pre-tax margin | 4.87% |
Science Applications International Corporation vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EPAM EPAM Systems, Inc. | $8.6B | 19.8× | 16.8× | +2.30% (above 0%: growing) | +31.97% (above 0%: growing) | −4.27% (below 0%: shrinking) | 31.26% | 12.33% | Compare |
| G Genpact Limited | $6.9B | 12.3× | 11.2× | +7.29% (above 0%: growing) | +7.14% (above 0%: growing) | −70.83% (below 0%: shrinking) | 38.02% | 15.23% | Compare |
| EXLS ExlService Holdings, Inc. | $6.6B | 25.7× | 23.9× | +19.71% (above 0%: growing) | +25.86% (above 0%: growing) | −3.65% (below 0%: shrinking) | 38.04% | 14.02% | Compare |
| SAIC Science Applications International Corporation | $6.2B | 16.9× | 18.0× | +6.27% (above 0%: growing) | −11.40% (below 0%: shrinking) | +13.91% (above 0%: growing) | 12.71% | 8.09% | |
| INGM Ingram Micro Holding Corporation | $5.6B | 12.8× | 12.9× | +20.76% (above 0%: growing) | +35.71% (above 0%: growing) | +220.66% (above 0%: growing) | 6.55% | 1.93% | Compare |
| PSN Parsons Corporation | $5.3B | 32.3× | 30.6× | +1.78% (above 0%: growing) | +6.03% (above 0%: growing) | +67.52% (above 0%: growing) | 23.15% | 6.29% | Compare |
| MAAS Maase Inc. - Sponsored ADR | $4.6B | — (loss-making) | — (loss-making) | −60.12% (below 0%: shrinking) | +62.50% (above 0%: growing) | +82.86% (above 0%: growing) | 0.00% | 0.00% | Compare |
| APLD Applied Digital Corporation | $4.3B | — (loss-making) | — (loss-making) | +322.41% (above 0%: growing) | n/m | −506.67% (below 0%: shrinking) | 15.30% | (18.25%) | Compare |
| GDS GDS Holdings | $4.3B | 8.2× | 7.4× | +12.41% (above 0%: growing) | n/m | +142.21% (above 0%: growing) | 21.51% | 14.22% | Compare |
| Median of peers | $5.5B | 16.3× | 14.9× | +9.85% | +28.92% | +31.94% | 22.33% | 9.31% |
From the latest earnings call
- Chief Executive Jim Regan said customers were moving money onto contracts faster, while procurement delays had pushed some large opportunities back.
- Chief Financial Officer Prabu Natarajan said Project Orbit had entered implementation, with planned savings supporting reinvestment in the business and margin expansion.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
85.59%
Held by the ten largest
54.49%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 4.57m | 10.80% | −185.79k |
| BlackRock | 4.43m | 10.47% | −115.88k |
| FULLER & THALER ASSET MANAGEMENT, INC. | 2.96m | 6.99% | +255.88k |
| AQR Capital Management | 1.82m | 4.31% | −318.86k |
| Dimensional Fund Advisors | 1.70m | 4.02% | +165.77k |
| First Trust | 1.67m | 3.96% | +175.56k |
| Invesco | 1.63m | 3.86% | +147.63k |
| LSV ASSET MANAGEMENT | 1.58m | 3.73% | +2.29k |
| State Street | 1.45m | 3.43% | +15.16k |
| Geode Capital Management | 1.23m | 2.91% | +255.02k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Science Applications International Corporation (SAIC) Latest News
28 Oct
3 Oct
1 Sep
31 Aug
31 Jul
8 Jun
SAIC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Science Applications International Corporation, or SAIC, provides technical, engineering and information technology services primarily to the U.S. government. Founded in 2013, it is headquartered in Tysons. James C. Reagan is interim chief executive officer.
SAIC helps government customers design, build, modernize, operate and secure technology systems. Its work ranges from moving applications to the cloud and improving cybersecurity to integrating artificial intelligence into systems that handle sensitive data. It also uses digital engineering tools for design, modeling and simulation.