SABR (SABR) financial statements
SABR reported revenue of $2.8B in fiscal 2025, down 2.2% a year over 9 years.
Net income was $525M and the operating margin 10.7%, against 13.6% in 2016.
Free cash flow was -$192M.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SABR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.6B | $3.9B | $4.0B | $1.3B | $1.7B | $2.5B | $2.6B | $2.7B | $2.8B |
| Cost of revenue | $2.3B | $2.5B | $1.7B | $1.7B | $579M | $691M | $1.0B | $1.1B | $1.1B | $1.2B |
| Gross profit | $1.1B | $1.1B | $2.2B | $2.2B | $755M | $997M | $1.5B | $1.6B | $1.6B | $1.6B |
| Selling, general and admin | $626M | $510M | $552M | $600M | $586M | $610M | $661M | $583M | $576M | $557M |
| Operating income | $460M | $493M | $562M | $363M | -$988M | -$665M | -$261M | $32M | $242M | $295M |
| Interest expense | $158M | $154M | $157M | $156M | $226M | $258M | $295M | $448M | — | — |
| Pre-tax income | $328M | $378M | $398M | $200M | -$1.3B | -$938M | -$423M | -$458M | -$267M | -$239M |
| Income tax | $87M | $128M | $57M | $35M | -$21M | -$15M | $9M | $34M | $4M | $16M |
| Net income | $243M | $243M | $338M | $159M | -$1.3B | -$928M | -$435M | -$528M | -$279M | $525M |
| EPS (diluted) | $0.86 | $0.87 | $1.22 | $0.57 | -$4.45 | -$2.96 | -$1.40 | -$1.56 | -$0.73 | $1.34 |
| Diluted shares | 283M | 278M | 278M | 276M | 290M | 321M | 327M | 347M | 384M | 392M |
| Gross margin | 32.2% | 30.1% | 57.2% | 56.6% | 56.6% | 59.1% | 59.0% | 59.3% | 58.2% | 56.4% |
| Operating margin | 13.6% | 13.7% | 14.5% | 9.1% | -74.1% | -39.4% | -10.3% | 1.2% | 8.8% | 10.7% |
| Net margin | 7.2% | 6.7% | 8.7% | 4.0% | -96.1% | -55.0% | -17.2% | -20.0% | -10.2% | 18.9% |
Balance sheet
Fiscal years, from SABR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $364M | $361M | $509M | $436M | $1.5B | $978M | $795M | $648M | $724M | $792M |
| Receivables | $401M | $491M | $508M | $547M | $255M | $260M | $354M | $343M | $287M | $312M |
| Total current assets | $853M | $961M | $1.2B | $1.1B | $1.9B | $1.4B | $1.4B | $1.2B | $1.2B | $1.3B |
| Property, plant and equipment | $753M | $799M | $790M | $642M | $363M | $250M | $229M | $234M | $234M | $255M |
| Goodwill | $2.5B | $2.6B | $2.6B | $2.6B | $2.6B | $2.5B | $2.5B | $2.4B | $2.4B | $2.4B |
| Total assets | $5.7B | $5.6B | $5.8B | $5.7B | $6.1B | $5.3B | $5.0B | $4.7B | $4.6B | $4.5B |
| Total current liabilities | $1.2B | $972M | $1.0B | $1.0B | $622M | $717M | $816M | $915M | $1.1B | $1.2B |
| Long-term debt | $3.3B | $3.4B | $3.3B | $3.3B | $4.7B | $4.7B | $4.7B | $4.8B | $4.8B | $4.1B |
| Total liabilities | $5.1B | $5.0B | $4.8B | $4.7B | $5.8B | $5.8B | $5.8B | $6.0B | $6.2B | $5.5B |
| Shareholders' equity | $626M | $698M | $974M | $948M | $285M | -$500M | -$873M | -$1.4B | -$1.6B | -$1.0B |
| Net debt | $3.1B | $3.1B | $2.9B | $2.9B | $3.2B | $3.8B | $3.9B | $4.2B | $4.3B | $3.6B |
Cash flow
Fiscal years, from SABR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $699M | $678M | $725M | $581M | -$770M | -$415M | -$276M | $67M | $70M | -$109M |
| Capital spending | $328M | $316M | $284M | $115M | $65M | $54M | $69M | $81M | $80M | $83M |
| Free cash flow | $372M | $362M | $441M | $466M | -$836M | -$469M | -$346M | -$14M | -$9M | -$192M |
| Stock-based compensation | $49M | $45M | $57M | $67M | $70M | $121M | $83M | $47M | $49M | $46M |
| Dividends paid | $144M | $155M | $154M | $154M | $39M | $0 | $0 | — | — | — |
| Share buybacks (net) | -$100M | -$109M | -$26M | -$78M | $0 | $0 | — | — | — | — |
| Net borrowing | $55M | $17M | -$47M | -$62M | $1.4B | $9M | -$4M | -$43M | $4M | -$589M |
| Free cash flow margin | 11.0% | 10.0% | 11.4% | 11.7% | -62.6% | -27.8% | -13.6% | -0.5% | -0.3% | -6.9% |
| Dividends per share | $0.51 | $0.56 | $0.56 | $0.56 | $0.13 | — | — | — | — | — |
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Open SABR in InvestinglyQuestions
What was SABR's revenue in 2025?
$2.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does SABR generate?
-$192M in fiscal 2025 (operating cash flow minus capital spending).
From SABR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.