Stock

Science Applications International Corporation

SAIC
46
Information Technology Services · Technology
Also trades as: 0V9N.L GBP 1.24 (-2.38%)
Price
$122.08
-2.51 (-2.01%)
Market Cap
$5.16B
Exchange
NASDAQ
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 8, 2026 · filings through Jul 31, 2026

§How the score breaks down

Quality
Good
15/30
Growth
Mixed
5/20
Cash Flow
Strong
8/10
Stability
Strong
8/10
Valuation
Strong
7/10
Ownership
Weak
2/15
Dividends
Weak
1/5

46 of 100 counted points = Winston Score 46.

Share count falling — buybacks

−20.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 58.1M (2022) → 46.5M (2026)

§Winston Score History

The full picture

Science Applications International Corporation (SAIC) is a technology and IT services company that works almost entirely for the U.S. federal government. It helps agencies like the Department of Defense, intelligence community, and civilian agencies run complex computer systems, manage data, and handle cybersecurity. SAIC is one of the largest government IT contractors in the United States.

SAIC makes money by winning long-term government contracts, then billing for labor, software, and managed services over the life of those contracts. Nearly all of its revenue comes from U.S. government clients, making it heavily concentrated in one customer base. The company's main competitive advantage is its deep security clearances and long-standing relationships with federal agencies, which are hard for new competitors to replicate quickly. The biggest risk SAIC faces is federal budget uncertainty — if Congress cuts defense or IT spending, contract awards can slow or shrink, directly pressuring revenue growth.

Politician Trades

3 trades / 12mo

1 Congressional buy and 2 sells on SAIC in the last 12 months.

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Score breakdown

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Quality

Profit per sale
Gross Margin
12.7%
Thin — 12.7% gross margin
Profit after running costs
Operating Margin
8.1%
Modest — 8.1% operating margin
Return on the money invested
ROCE
34.2%
Exceptional — 34.2% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
-0.8%
Shrinking sales (-0.8% YoY)
Profit growth
EPS YoY
+3.7%
Modest earnings growth (+3.7% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
174%
Turns 174% of profit into real cash
Spare cash per sale
FCF Margin
8.4%
Modest free cash flow (8.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.18
Conservative — low debt load (0.18)
Covers its interest
Interest Cover
4.28x
Adequate interest coverage (4.3x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
14.1x
Attractive valuation — P/E 14.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.4
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
1.11%
Small dividend — 1.11% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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