Sabre Corp SABR
Sabre Corporation is a Delaware corporation formed in December 2006. On March 30, 2007, Sabre Corporation acquired Sabre Holdings Corporation ("Sabre Holdings"). Sabre Holdings is the sole direct subsidiary of Sabre Corporation. Sabre GLBL Inc. ("Sabre GLBL") is the principal operating subsidiary and sole direct subsidiary of Sabre Holdings. Sabre GLBL or its direct or indirect subsidiaries conduct all of our businesses. Our principal executive offices are located at 3150 Sabre Drive, Southlake, Texas 76092.
At Sabre, we make travel happen. Our vision is to be the most valued global technology platform in travel. We are committed to helping our customers take on the biggest opportunities and solve the most complex challenges in travel. We connect the world's leading travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a comprehensive travel marketplace. We also offer airlines an extensive suite of leading software solutions. We are committed to helping customers operate more efficiently, drive revenue and offer personalized traveler experiences with next-generation technology solutions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.77B | $2.74B | $2.64B | $2.54B | $1.69B | $1.33B | $3.97B | $3.87B | $3.60B | $3.37B |
| Cost of revenue | $1.21B | $1.15B | $1.08B | $1.04B | $691.5M | $579.0M | $1.73B | $1.65B | $2.51B | $2.29B |
| Gross profit | $1.56B | $1.60B | $1.57B | $1.50B | $997.4M | $755.1M | $2.25B | $2.21B | $1.08B | $1.09B |
| SG&A | $557.4M | $576.0M | $582.9M | $661.2M | $610.1M | $586.4M | $600.2M | $551.9M | $510.1M | $626.2M |
| Operating income | $295.5M | $241.8M | $32.2M | -$261.1M | -$665.5M | -$988.0M | $363.4M | $562.0M | $493.4M | $459.6M |
| Interest expense | — | — | $447.9M | $295.2M | $257.8M | $225.8M | $156.4M | $157.0M | $153.9M | $158.3M |
| Pre-tax income | -$239.2M | -$267.4M | -$457.9M | -$423.4M | -$938.4M | -$1.30B | $199.6M | $398.4M | $377.6M | $328.0M |
| Income tax | $16.3M | $4.1M | $33.6M | $8.7M | $14.6M | $21.0M | $35.3M | $57.5M | $128.0M | $86.6M |
| Net income | $524.6M | -$278.8M | -$527.6M | -$435.4M | -$928.5M | -$1.28B | $158.6M | $337.5M | $242.5M | $242.6M |
| EPS, basic | 1.34 | -0.73 | -1.56 | -1.40 | -2.96 | -4.45 | 0.57 | 1.23 | 0.87 | 0.87 |
| EPS, diluted | 1.34 | -0.73 | -1.56 | -1.40 | -2.96 | -4.45 | 0.57 | 1.22 | 0.87 | 0.86 |
| Shares, diluted (wtd. avg.) | $391.7M | $383.7M | $346.6M | $326.7M | $320.9M | $289.9M | $276.2M | $277.5M | $278.3M | $282.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $791.6M | $724.5M | $648.2M | $794.9M | $978.4M | $1.50B | $436.2M | $509.3M | $361.4M | $364.1M |
| Receivables | $311.9M | $286.6M | $343.4M | $353.6M | $259.9M | $255.5M | $546.5M | $508.1M | $490.6M | $400.7M |
| Total current assets | $1.30B | $1.16B | $1.16B | $1.36B | $1.40B | $1.89B | $1.12B | $1.19B | $960.7M | $853.4M |
| Property, plant and equipment | — | — | — | — | — | — | $641.7M | $790.4M | $799.2M | $753.3M |
| Goodwill | $2.38B | $2.38B | $2.38B | $2.54B | $2.47B | $2.64B | $2.63B | $2.55B | $2.55B | $2.55B |
| Other intangibles | $284.9M | $315.3M | $376.1M | $410.3M | $440.7M | $511.4M | $573.7M | $613.2M | $683.2M | $775.4M |
| Total assets | $4.50B | $4.63B | $4.67B | $4.96B | $5.29B | $6.08B | $5.69B | $5.81B | $5.65B | $5.72B |
| Accounts payable | $260.0M | $243.0M | $231.8M | $171.1M | $122.9M | $115.2M | $187.2M | $165.2M | $162.8M | $168.6M |
| Short-term debt | $247.7M | $230.7M | $4.0M | $23.5M | $29.3M | $26.1M | $81.6M | $68.4M | $57.1M | $169.2M |
| Total current liabilities | $1.21B | $1.14B | $914.7M | $815.6M | $716.5M | $621.9M | $1.03B | $1.02B | $972.1M | $1.17B |
| Long-term debt | $4.10B | $4.83B | $4.83B | $4.72B | $4.72B | $4.72B | $3.26B | $3.34B | $3.40B | $3.28B |
| Retained earnings | -$3.80B | -$4.33B | -$4.05B | -$3.51B | -$3.05B | -$2.10B | -$763.5M | -$768.6M | -$1.05B | -$1.14B |
| Total equity | -$1.04B | -$1.60B | -$1.38B | -$872.8M | -$499.7M | $285.2M | $947.7M | $974.3M | $698.5M | $625.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$108.9M | $70.2M | $67.4M | -$276.5M | -$414.7M | -$770.2M | $581.3M | $724.8M | $678.0M | $699.4M |
| Depreciation and amortisation | — | — | — | — | — | — | $310.6M | $303.6M | $264.9M | $233.3M |
| Stock-based compensation | $45.7M | $49.0M | $46.7M | $82.9M | $120.9M | $69.9M | $66.9M | $57.3M | $44.7M | $48.5M |
| Capital expenditure | $82.9M | $79.5M | $80.9M | $69.5M | $54.3M | $65.4M | $115.2M | $283.9M | $316.4M | $327.6M |
| Investing cash flow | -$73.8M | -$25.0M | -$91.5M | $174.0M | -$29.4M | -$1.3M | -$243.0M | -$275.3M | -$317.5M | -$445.8M |
| Financing cash flow | -$685.8M | $39.6M | -$94.2M | -$75.4M | -$50.6M | $1.84B | -$409.7M | -$306.5M | -$356.8M | -$190.0M |
| Dividends paid | — | — | — | $0 | $0 | $38.5M | $153.5M | $154.1M | $154.9M | $144.4M |
| Buybacks | — | — | — | — | $0 | $0 | $77.6M | $26.3M | $109.1M | $100.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-008800.
Others in SIC 7370
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $4.11T | 31.3x | 15.1% |
| META | Meta Platforms, Inc. | $1.57T | 26.3x | 22.2% |
| TBLA | Taboola.com Ltd. | $1.07T | 29.7x | 8.3% |
| APP | AppLovin Corp | $107.64B | 32.9x | 70.0% |
| ZM | Zoom Communications, Inc. | $29.68B | 16.4x | 4.4% |
| FLUT | Flutter Entertainment plc | $17.37B | — | 16.6% |
| DOCN | DigitalOcean Holdings, Inc. | $13.22B | 44.6x | 15.5% |
| PINS | PINTEREST, INC. | $11.48B | 33.4x | 15.8% |