SAICScience Applications International Corporation
Is the business good?
The checks split: earnings fully cash-backed (1.3×), but margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
A balanced mix of margins, efficiency, and leverage. ROE 26% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SAIC?
Science Applications International Corporation earns 12% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 3.3 points above what the capital costs: growth creates value
- Operating margin
- 8.0%
Operating margin · Information Technology Services median 9.5% · 12 months to Q2 2027
- Cash conversion
- 1.34×
Cash conversion · 0.92× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −8.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | 5.5% |
| FY2022 | 6.3% |
| FY2023 | 6.5% |
| FY2024 | 10.0% |
| FY2025 | 7.5% |
| FY2026 | 7.2% |
Details›
- Gross margin12 months to Q2 2027
- 13%
- Operating margin12 months to Q2 2027
- 8.0%
- Net margin12 months to Q2 2027
- 5.1%
- Free cash flow margin
- 8.4%
- Revenue, trailing twelve months
- $7.40B
- Free cash flow, trailing twelve months
- $619M
- Net income, trailing twelve months
- $380M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from SAIC and who it buys from, as the companies report it.
- U.S. government98%
Share of revenue · FY2026 10-K
- Department of War52%
Share of revenue · FY2026 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; SAIC’s own figures are from its FY2026 10-K. Smaller customers and suppliers go unreported.
Information Technology Services
Ranks #10 of 30 by RyuScore