Sabre (SABR) Financials

$1.71 -0.12 (-6.56%)

Closing price 05/13/2026 04:00 PM Eastern

Extended Trading

$1.74 +0.03 (+1.46%)

As of 05/13/2026 07:55 PM Eastern

Annual Income Statements for Sabre

This table shows Sabre's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	545	243	243	338	159	-1,290	-950	-457	-542	-279	525
Consolidated Net Income / (Loss)	549	247	248	343	163	-1,281	-926	-433	-528	-279	524
Net Income / (Loss) Continuing Operations	235	241	250	341	164	-1,284	-924	-432	-492	-272	-255
Total Pre-Tax Income	354	328	378	398	200	-1,305	-938	-423	-458	-267	-239
Total Operating Income	460	460	493	562	363	-988	-665	-261	32	242	295
Total Gross Profit	1,017	1,086	1,085	2,213	2,249	755	997	1,496	1,566	1,599	1,564
Total Revenue	2,961	3,373	3,598	3,867	3,975	1,334	1,689	2,537	2,642	2,745	2,771
Operating Revenue	2,961	3,373	3,598	3,867	3,975	1,334	1,689	2,537	2,642	2,745	2,771
Total Cost of Revenue	1,944	2,288	2,514	1,654	1,726	579	691	1,041	1,076	1,146	1,207
Operating Cost of Revenue	1,944	2,288	2,514	1,654	1,726	579	691	1,041	1,076	1,146	1,207
Total Operating Expenses	557	626	591	1,651	1,885	1,743	1,663	1,757	1,534	1,357	1,269
Selling, General & Admin Expense	557	626	510	552	600	586	610	661	583	576	557
Other Operating Expenses / (Income)	-	-	-	1,099	1,285	1,157	1,053	1,096	951	781	711
Total Other Income / (Expense), net	-106	-132	-116	-164	-164	-317	-273	-162	-490	-509	-535
Interest Expense	212	162	155	158	156	247	271	4.47	109	38	91
Interest & Investment Income	15	2.78	2.58	2.56	2.04	-2.53	-0.26	-295	-395	-451	-444
Other Income / (Expense), net	91	28	37	-8.51	-9.43	-67	-1.75	137	13	-21	0.39
Income Tax Expense	119	87	128	57	35	-21	-15	8.67	34	4.11	16
Net Income / (Loss) Discontinued Operations	314	5.55	-1.93	1.74	-1.77	2.79	-2.53	-0.68	-36	-7.14	779
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	7.66	22	21	14	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	3.48	4.38	5.11	5.13	3.95	1.20	2.16	2.67	-0.33	0.08	-0.66
Basic Earnings per Share	$2.00	$0.87	$0.87	$1.23	$0.57	($4.45)	($2.96)	($1.40)	($1.56)	($0.73)	$1.34
Weighted Average Basic Shares Outstanding	273.14M	277.55M	276.89M	275.24M	274.17M	289.86M	320.92M	326.74M	346.57M	383.73M	391.71M
Diluted Earnings per Share	$1.95	$0.86	$0.87	$1.22	$0.57	($4.45)	($2.96)	($1.40)	($1.56)	($0.73)	$1.34
Weighted Average Diluted Shares Outstanding	280.07M	282.75M	278.32M	277.52M	276.22M	289.86M	320.92M	326.74M	346.57M	383.73M	391.71M
Weighted Average Basic & Diluted Shares Outstanding	272.70M	278.80M	278.80M	274.40M	273.75M	317.33M	323.52M	328.59M	379.48M	386.01M	395.17M

This table shows Sabre's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-212	-96	-71	-70	-63	-75	35	-256	849	-103	8.12
Consolidated Net Income / (Loss)	-208	-96	-71	-69	-63	-75	36	-257	848	-104	8.01
Net Income / (Loss) Continuing Operations	-208	-97	-71	-70	-62	-75	-3.38	-201	48	-138	9.39
Total Pre-Tax Income	-199	-79	-68	-64	-55	-91	-15	-110	-10	-98	-2.00
Total Operating Income	52	37	98	49	58	57	91	89	94	9.34	116
Total Gross Profit	446	415	462	402	397	425	397	391	402	328	425
Total Revenue	740	687	783	695	691	715	702	687	715	592	760
Operating Revenue	740	687	783	695	691	715	702	687	715	592	760
Total Cost of Revenue	294	272	321	293	295	290	305	296	313	264	335
Operating Cost of Revenue	294	272	321	293	295	290	305	296	313	264	335
Total Operating Expenses	394	378	364	353	339	368	305	302	308	319	309
Selling, General & Admin Expense	151	140	141	154	149	155	130	129	140	144	134
Other Operating Expenses / (Income)	243	237	222	199	189	213	175	172	168	174	175
Total Other Income / (Expense), net	-252	-116	-166	-113	-113	-148	-106	-199	-104	-107	-118
Interest Expense	121	-100	38	0.00	0.00	-125	0.00	85	0.00	5.50	2.73
Interest & Investment Income	-119	-222	-124	-116	-113	-252	-109	-111	-111	-94	-122
Other Income / (Expense), net	-12	5.67	-4.48	3.43	-0.33	-21	2.71	-3.20	6.93	-7.11	7.00
Income Tax Expense	8.46	18	2.93	5.92	7.24	-16	-12	91	-59	41	-11
Net Income / (Loss) Discontinued Operations	-0.12	0.83	0.00	0.25	-0.72	-	39	-56	800	35	-1.39
Net Income / (Loss) Attributable to Noncontrolling Interest	0.38	0.19	0.38	0.28	-0.32	-0.26	0.21	-0.17	-0.27	-0.43	-0.11
Basic Earnings per Share	($0.61)	($0.24)	($0.19)	($0.18)	($0.16)	($0.20)	$0.09	($0.65)	$2.15	($0.25)	$0.02
Weighted Average Basic Shares Outstanding	345.13M	346.57M	379.77M	383.51M	385.73M	383.73M	386.27M	390.91M	394.58M	391.71M	395.15M
Diluted Earnings per Share	($0.61)	($0.24)	($0.19)	($0.18)	($0.16)	($0.20)	$0.09	($0.65)	$1.98	($0.08)	$0.02
Weighted Average Diluted Shares Outstanding	345.13M	346.57M	379.77M	383.51M	385.73M	383.73M	386.27M	390.91M	429.25M	391.71M	397.56M
Weighted Average Basic & Diluted Shares Outstanding	379.48M	379.48M	381.93M	385.70M	385.85M	386.01M	387.81M	394.51M	394.88M	395.17M	395.31M

This table details how cash moves in and out of Sabre's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	165	43	-1.12	141	-73	1,063	-500	-183	-147	76	165
Net Cash From Operating Activities	529	699	678	725	581	-770	-415	-276	67	70	-109
Net Cash From Continuing Operating Activities	529	699	678	725	581	-770	-415	-276	67	70	-109
Net Income / (Loss) Continuing Operations	235	241	250	341	164	-1,284	-924	-432	-492	-272	-255
Consolidated Net Income / (Loss)	549	247	248	343	163	-1,281	-926	-433	-528	-279	524
Net Income / (Loss) Discontinued Operations	314	5.55	-1.93	1.74	-1.77	2.79	-2.53	-0.68	-36	-7.14	779
Depreciation Expense	351	414	401	413	415	364	262	185	121	110	106
Amortization Expense	50	65	73	82	87	84	70	60	55	61	67
Non-Cash Adjustments To Reconcile Net Income	-39	58	163	74	75	230	117	-69	265	165	-59
Changes in Operating Assets and Liabilities, net	-69	-79	-209	-185	-160	-164	60	-20	118	6.31	32
Net Cash From Investing Activities	-729	-446	-318	-275	-243	-1.29	-29	174	-91	-25	-74
Net Cash From Continuing Investing Activities	-729	-446	-318	-275	-243	-1.29	-29	174	-91	-25	-74
Purchase of Property, Plant & Equipment	-287	-328	-316	-284	-115	-65	-54	-69	-81	-80	-83
Purchase of Investments	-	-	-	-	-	0.00	0.00	-80	-11	0.00	0.00
Sale of Property, Plant & Equipment	-	-	-	0.00	-	69	25	392	0.00	0.00	9.27
Sale and/or Maturity of Investments	0.00	46	-	-	0.00	-	-	-	0.00	55	0.00
Other Investing Activities, net	0.00	0.00	-1.09	8.68	-20	-4.38	0.00	0.00	0.66	-0.30	-0.20
Net Cash From Financing Activities	93	-190	-357	-307	-410	1,838	-51	-75	-94	40	-686
Net Cash From Continuing Financing Activities	93	-190	-357	-307	-410	1,838	-51	-75	-94	40	-688
Repayment of Debt	-1,013	-1,011	-1,904	-69	-116	-1,620	-1,077	-1,856	-1,838	-1,892	-3,899
Payment of Dividends	-99	-144	-155	-154	-154	-44	-22	-21	-16	0.00	0.00
Issuance of Debt	1,252	1,055	1,898	0.00	45	2,982	1,070	1,819	1,749	1,939	3,221
Other Financing Activities, net	4.58	-17	-87	-57	-107	-78	-23	-16	10	-6.67	-10
Effect of Exchange Rate Changes	-6.93	-1.11	-	-	0.78	-	-2.14	-2.36	1.71	-4.28	4.45
Other Net Changes in Cash	279	-19	-4.85	-1.90	-2.38	-2.93	-3.50	-3.26	-30	-4.28	1,029
Cash Interest Paid	166	165	161	165	163	189	249	288	400	391	595

This table details how cash moves in and out of Sabre's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-105	47	-19	-17	56	56	-73	-225	236	227	-246
Net Cash From Operating Activities	59	96	-68	28	28	83	-64	-201	34	139	-134
Net Cash From Continuing Operating Activities	59	96	-68	28	28	83	-64	-201	34	139	-134
Net Income / (Loss) Continuing Operations	-208	-97	-71	-69	-63	-75	-3.38	-240	48	-99	9.39
Consolidated Net Income / (Loss)	-208	-96	-71	-69	-63	-75	36	-257	848	-104	8.01
Net Income / (Loss) Discontinued Operations	-0.12	0.83	-	-	-	-	39	-	800	-4.27	-1.39
Depreciation Expense	37	35	34	31	33	31	25	21	27	28	26
Amortization Expense	13	15	15	16	16	17	17	15	17	17	20
Non-Cash Adjustments To Reconcile Net Income	175	49	88	19	31	33	30	-112	1.87	14	5.85
Changes in Operating Assets and Liabilities, net	42	95	-134	31	11	77	-133	114	-60	180	-196
Net Cash From Investing Activities	-19	-29	-28	-20	35	-16	-7.23	-22	-20	-23	-21
Net Cash From Continuing Investing Activities	-19	-29	-28	-20	35	-16	-7.23	-22	-20	-23	-21
Purchase of Property, Plant & Equipment	-20	-19	-28	-20	-20	-16	-17	-21	-20	-23	-21
Sale of Property, Plant & Equipment	-	-	0.00	-	-	-	9.64	-0.37	-	-	0.00
Net Cash From Financing Activities	-143	-22	78	-24	-8.08	-6.48	13	21	-839	119	-92
Net Cash From Continuing Financing Activities	-143	-22	78	-24	-8.08	-6.48	13	21	-844	121	-92
Repayment of Debt	-1,021	-32	-260	-26	-17	-1,589	-25	-1,309	-898	-1,666	-168
Issuance of Debt	883	10	340	6.30	9.30	1,583	41	1,338	55	1,787	73
Other Financing Activities, net	0.10	-0.08	-2.08	-4.33	-0.20	-0.06	-2.44	-7.53	-0.33	-0.11	3.03
Effect of Exchange Rate Changes	-1.76	1.91	-1.21	-0.45	1.84	-4.45	2.30	-	0.93	0.06	-1.53
Other Net Changes in Cash	-0.23	-0.28	-	-	-	-	-18	-27	1,060	-7.18	3.42

This table presents Sabre's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,394	5,725	5,649	5,806	5,690	6,078	5,291	4,963	4,672	4,635	4,502
Total Current Assets	778	853	961	1,188	1,122	1,888	1,402	1,361	1,159	1,163	1,296
Cash & Equivalents	321	364	361	509	436	1,500	978	795	648	724	792
Restricted Cash	-	-	-	-	-	0.00	21	21	21	21	119
Accounts Receivable	376	401	491	508	547	255	260	354	343	287	312
Prepaid Expenses	81	89	109	170	139	133	122	192	146	77	74
Plant, Property, & Equipment, net	628	753	799	790	0.00	363	250	229	234	234	255
Total Noncurrent Assets	3,988	4,118	3,889	3,828	4,568	3,826	3,639	3,372	3,280	3,238	2,951
Long-Term Investments	24	26	28	28	27	24	23	22	22	22	23
Goodwill	2,440	2,548	2,555	2,552	2,633	2,637	2,470	2,542	2,554	2,383	2,384
Intangible Assets	837	775	683	613	574	511	441	410	376	315	285
Noncurrent Deferred & Refundable Income Taxes	44	95	32	24	22	24	27	39	10	8.11	3.87
Other Noncurrent Operating Assets	642	673	592	611	1,312	630	475	358	317	273	255
Total Liabilities & Shareholders' Equity	5,394	5,725	5,649	5,806	5,690	6,078	5,291	4,963	4,672	4,635	4,502
Total Liabilities	4,909	5,099	4,951	4,832	4,742	5,793	5,791	5,836	6,034	6,227	5,527
Total Current Liabilities	1,000	1,166	972	1,018	1,026	622	717	816	915	1,142	1,214
Short-Term Debt	190	169	57	68	82	26	29	23	4.04	230	246
Accounts Payable	138	169	163	165	187	115	123	171	232	243	260
Accrued Expenses	407	439	470	487	506	294	326	432	435	452	546
Current Deferred Revenue	165	187	111	81	85	99	81	67	108	60	58
Current Employee Benefit Liabilities	99	102	112	113	94	87	136	122	136	106	104
Total Noncurrent Liabilities	3,909	3,933	3,979	3,814	3,717	5,171	5,075	5,020	5,119	5,085	4,313
Long-Term Debt	3,169	3,276	3,399	3,337	3,262	4,718	4,724	4,717	4,829	4,835	4,103
Noncurrent Deferred & Payable Income Tax Liabilities	84	89	100	136	107	72	38	39	31	30	37
Other Noncurrent Operating Liabilities	656	567	480	340	348	381	297	264	259	204	173
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	14	13	12
Total Equity & Noncontrolling Interests	484	626	699	974	948	285	-500	-873	-1,376	-1,605	-1,036
Total Preferred & Common Equity	483	623	693	967	939	278	-509	-884	-1,388	-1,619	-1,051
Total Common Equity	483	623	693	967	939	278	-509	-884	-1,388	-1,619	-1,051
Common Stock	2,019	2,109	2,177	2,246	2,320	2,988	3,119	3,202	3,254	3,309	3,355
Retained Earnings	-1,329	-1,141	-1,053	-769	-763	-2,100	-3,050	-3,507	-4,048	-4,327	-3,803
Treasury Stock	-111	-222	-342	-378	-469	-475	-498	-514	-520	-527	-537
Accumulated Other Comprehensive Income / (Loss)	-97	-123	-88	-133	-149	-136	-80	-66	-74	-74	-67
Noncontrolling Interest	1.44	2.58	5.20	7.21	8.59	7.03	9.19	12	13	14	15

This table presents Sabre's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	5,020	5,026	4,925	4,742	4,738	4,666	4,693	4,678	4,419	4,373	4,333
Total Current Assets	1,393	1,442	1,346	1,196	1,227	1,166	1,196	1,224	953	1,157	1,134
Cash & Equivalents	783	817	706	602	629	613	669	651	426	662	644
Restricted Cash	21	21	21	21	21	21	21	21	21	21	21
Accounts Receivable	401	414	441	393	411	376	409	397	329	380	367
Prepaid Expenses	188	190	177	180	165	156	97	155	105	95	102
Plant, Property, & Equipment, net	232	231	234	234	243	248	250	251	245	249	261
Total Noncurrent Assets	3,395	3,353	3,345	3,312	3,268	3,251	3,248	3,203	3,222	2,967	2,938
Long-Term Investments	22	23	21	22	23	22	22	23	22	22	23
Goodwill	2,528	2,543	2,558	2,552	2,553	2,554	2,557	2,550	2,385	2,384	2,383
Intangible Assets	423	401	391	386	366	357	348	329	301	293	277
Noncurrent Deferred & Refundable Income Taxes	36	38	36	31	12	12	11	6.14	6.87	7.04	4.52
Other Noncurrent Operating Assets	386	348	337	322	313	307	309	295	262	261	250
Total Liabilities & Shareholders' Equity	5,020	5,026	4,925	4,742	4,738	4,666	4,693	4,678	4,419	4,373	4,333
Total Liabilities	5,752	5,975	5,993	6,010	6,154	6,143	6,223	6,225	6,212	5,313	5,347
Total Current Liabilities	738	864	899	908	893	1,086	1,173	1,117	947	1,018	1,225
Short-Term Debt	23	23	4.04	4.04	3.17	218	245	233	43	153	355
Accounts Payable	135	192	217	215	250	237	244	259	247	219	208
Accrued Expenses	391	491	468	477	458	459	494	491	489	532	525
Current Deferred Revenue	75	68	85	91	100	82	79	72	57	55	55
Current Employee Benefit Liabilities	114	89	126	121	81	91	112	62	59	59	84
Total Noncurrent Liabilities	5,014	5,111	5,094	5,102	5,261	5,057	5,050	5,108	5,265	4,294	4,121
Long-Term Debt	4,719	4,831	4,798	4,817	4,985	4,789	4,790	4,885	4,997	4,063	3,912
Noncurrent Deferred & Payable Income Tax Liabilities	27	28	28	29	28	28	31	22	59	41	36
Other Noncurrent Operating Liabilities	268	252	269	256	249	240	229	201	195	190	173
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	16	15	15	14	14	13	12	12	11	12
Total Equity & Noncontrolling Interests	-732	-965	-1,084	-1,283	-1,430	-1,491	-1,543	-1,559	-1,804	-951	-1,026
Total Preferred & Common Equity	-743	-976	-1,095	-1,295	-1,444	-1,505	-1,558	-1,574	-1,820	-967	-1,041
Total Common Equity	-743	-976	-1,095	-1,295	-1,444	-1,505	-1,558	-1,574	-1,820	-967	-1,041
Common Stock	3,189	3,219	3,228	3,242	3,268	3,280	3,295	3,322	3,335	3,344	3,358
Retained Earnings	-3,341	-3,611	-3,740	-3,952	-4,120	-4,190	-4,252	-4,292	-4,548	-3,699	-3,794
Treasury Stock	-514	-520	-520	-520	-522	-527	-527	-529	-537	-537	-537
Accumulated Other Comprehensive Income / (Loss)	-77	-64	-63	-64	-70	-69	-73	-75	-70	-74	-67
Noncontrolling Interest	11	11	12	12	14	14	14	15	15	16	15

This table displays calculated financial ratios and metrics derived from Sabre's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	394,884,884.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	394,884,884.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.33
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.52%	13.93%	6.67%	7.46%	2.79%	-66.44%	26.59%	50.22%	14.61%	4.19%	0.95%
EBITDA Growth	36.37%	1.43%	3.90%	4.41%	-18.40%	-170.95%	44.72%	135.87%	122.01%	71.25%	19.65%
EBIT Growth	54.17%	-11.60%	8.78%	4.44%	-36.05%	-398.04%	36.76%	81.35%	148.94%	334.48%	33.75%
NOPAT Growth	-23.58%	10.98%	-3.56%	47.46%	-37.80%	-331.23%	32.65%	60.77%	118.06%	507.00%	22.18%
Net Income Growth	662.93%	-55.02%	0.29%	38.37%	-52.56%	-888.17%	27.70%	53.28%	-21.99%	47.21%	288.01%
EPS Growth	747.83%	-55.90%	1.16%	40.23%	-53.28%	-880.70%	33.48%	52.70%	-11.43%	53.21%	283.56%
Operating Cash Flow Growth	36.51%	32.16%	-3.06%	6.90%	-19.80%	-232.51%	46.17%	33.33%	120.34%	25.53%	-254.97%
Free Cash Flow Firm Growth	-168.91%	142.62%	56.15%	66.55%	-21.93%	-217.30%	98.93%	-4,185.20%	266.87%	-2.27%	-36.36%
Invested Capital Growth	23.62%	5.23%	2.28%	2.06%	-0.41%	-8.42%	-13.18%	-0.45%	-8.22%	-2.71%	-3.66%
Revenue Q/Q Growth	3.94%	2.16%	1.47%	1.10%	0.44%	-32.00%	12.45%	5.42%	1.96%	0.92%	0.60%
EBITDA Q/Q Growth	11.71%	-1.89%	12.28%	-5.74%	-7.48%	-91.60%	13.31%	87.86%	54.10%	-1.90%	-2.67%
EBIT Q/Q Growth	14.97%	-6.42%	26.75%	-10.89%	-16.30%	-34.19%	11.23%	36.75%	252.68%	-2.63%	-5.05%
NOPAT Q/Q Growth	-23.19%	-2.67%	3.94%	16.41%	-21.75%	-38.99%	12.33%	21.40%	204.77%	7.41%	-8.62%
Net Income Q/Q Growth	17.93%	-29.78%	30.42%	0.61%	-31.51%	-34.70%	12.56%	5.84%	10.67%	7.10%	-5.17%
EPS Q/Q Growth	14.04%	-28.93%	27.94%	1.67%	-32.14%	-30.88%	12.68%	5.41%	14.29%	5.19%	9.84%
Operating Cash Flow Q/Q Growth	7.60%	22.27%	-6.19%	-4.42%	-5.17%	-79.05%	29.88%	13.95%	3,928.39%	-15.83%	36.87%
Free Cash Flow Firm Q/Q Growth	-132.70%	236.09%	-36.10%	15.89%	-30.03%	-22.04%	98.39%	-107.09%	15.29%	-8.59%	-33.58%
Invested Capital Q/Q Growth	2.19%	-5.23%	-1.42%	-1.07%	0.27%	-3.23%	-8.76%	-4.87%	-4.40%	-3.16%	-7.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.34%	32.19%	30.14%	57.22%	56.57%	56.60%	59.06%	58.97%	59.09%	58.58%	56.44%
EBITDA Margin	32.18%	28.65%	27.91%	27.11%	21.52%	-45.49%	-19.87%	4.74%	9.19%	15.10%	16.91%
Operating Margin	15.53%	13.62%	13.71%	14.53%	9.14%	-74.06%	-39.40%	-10.29%	1.62%	9.45%	10.66%
EBIT Margin	18.61%	14.44%	14.73%	14.31%	8.91%	-79.08%	-39.51%	-4.90%	2.09%	8.73%	10.68%
Profit (Net Income) Margin	18.54%	7.32%	6.88%	8.86%	4.09%	-96.03%	-54.85%	-17.06%	-18.16%	-9.20%	18.91%
Tax Burden Percent	155.12%	75.28%	65.58%	86.01%	81.42%	98.18%	98.71%	102.21%	106.97%	99.37%	-219.02%
Interest Burden Percent	64.21%	67.33%	71.25%	71.98%	56.40%	123.69%	140.64%	340.34%	-810.46%	-106.01%	-80.85%
Effective Tax Rate	33.72%	26.41%	33.91%	14.43%	17.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.63%	9.42%	8.76%	12.64%	7.80%	-18.86%	-14.23%	-6.02%	1.14%	7.30%	8.49%
ROIC Less NNEP Spread (ROIC-NNEP)	18.11%	6.41%	6.20%	7.98%	3.05%	-38.19%	-27.85%	-12.74%	-12.81%	-4.05%	16.96%
Return on Net Nonoperating Assets (RNNOA)	183.49%	35.08%	28.65%	28.33%	9.12%	-188.97%	877.66%	69.08%	46.12%	11.57%	-48.54%
Return on Equity (ROE)	193.12%	44.50%	37.41%	40.97%	16.91%	-207.84%	863.44%	63.06%	47.26%	18.87%	-40.06%
Cash Return on Invested Capital (CROIC)	-11.50%	4.32%	6.50%	10.60%	8.21%	-10.07%	-0.12%	-5.56%	9.71%	10.05%	12.22%
Operating Return on Assets (OROA)	10.98%	8.76%	9.32%	9.66%	6.16%	-17.93%	-11.74%	-2.43%	1.26%	5.69%	6.48%
Return on Assets (ROA)	10.94%	4.44%	4.35%	5.98%	2.83%	-21.77%	-16.30%	-8.44%	-10.96%	-5.99%	11.47%
Return on Common Equity (ROCE)	192.42%	44.34%	37.19%	40.67%	16.78%	-205.20%	928.97%	64.02%	48.07%	19.22%	-40.88%
Return on Equity Simple (ROE_SIMPLE)	113.73%	39.63%	35.72%	35.43%	17.31%	-460.63%	182.02%	48.94%	38.02%	17.21%	0.00%
Net Operating Profit after Tax (NOPAT)	305	338	326	481	299	-692	-466	-183	33	200	207
NOPAT Margin	10.29%	10.03%	9.06%	12.44%	7.52%	-51.84%	-27.58%	-7.20%	1.13%	6.61%	7.46%
Net Nonoperating Expense Percent (NNEP)	-8.48%	3.01%	2.56%	4.66%	4.75%	19.33%	13.62%	6.72%	13.95%	11.35%	-8.47%
Return On Investment Capital (ROIC_SIMPLE)	7.93%	8.31%	7.85%	10.98%	6.97%	-13.75%	-10.95%	-4.72%	0.95%	5.79%	6.24%
Cost of Revenue to Revenue	65.66%	67.82%	69.86%	42.78%	43.43%	43.40%	40.94%	41.03%	40.91%	41.42%	43.56%
SG&A Expenses to Revenue	18.81%	18.56%	14.17%	14.27%	15.10%	43.96%	36.12%	26.06%	21.82%	20.55%	20.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.81%	18.56%	16.43%	42.68%	47.43%	130.66%	98.46%	69.26%	57.47%	49.14%	45.78%
Earnings before Interest and Taxes (EBIT)	551	487	530	554	354	-1,055	-667	-124	61	265	296
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	953	967	1,004	1,048	856	-607	-335	120	267	457	469
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.23	10.12	7.53	5.85	6.37	13.71	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.32	1.87	1.45	1.46	1.50	2.86	1.65	0.80	0.57	0.46	0.19
Price to Earnings (P/E)	12.59	26.00	21.53	16.75	37.71	0.00	0.00	0.00	0.00	0.00	1.02
Dividend Yield	1.46%	2.31%	2.95%	2.73%	2.56%	4.66%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.94%	3.85%	4.64%	5.97%	2.65%	0.00%	0.00%	0.00%	0.00%	0.00%	97.69%
Enterprise Value to Invested Capital (EV/IC)	2.83	2.54	2.20	2.22	2.32	2.01	2.14	1.96	2.10	2.12	1.66
Enterprise Value to Revenue (EV/Rev)	3.34	2.78	2.31	2.21	2.23	5.28	3.86	2.34	2.01	1.89	1.44
Enterprise Value to EBITDA (EV/EBITDA)	10.37	9.69	8.26	8.14	10.37	0.00	0.00	49.39	21.86	12.53	8.49
Enterprise Value to EBIT (EV/EBIT)	17.93	19.22	15.65	15.41	25.05	0.00	0.00	0.00	95.88	21.67	13.45
Enterprise Value to NOPAT (EV/NOPAT)	32.43	27.69	25.43	17.74	29.65	0.00	0.00	0.00	176.93	28.62	19.24
Enterprise Value to Operating Cash Flow (EV/OCF)	18.67	13.39	12.23	11.77	15.26	0.00	0.00	0.00	103.82	81.21	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	60.40	34.26	21.15	28.17	0.00	0.00	0.00	20.71	20.80	13.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.94	5.51	4.95	3.50	3.53	16.64	-9.51	-5.43	-3.55	-3.18	-4.25
Long-Term Debt to Equity	6.55	5.24	4.87	3.43	3.44	16.54	-9.45	-5.40	-3.55	-3.04	-4.01
Financial Leverage	10.13	5.47	4.62	3.55	2.99	4.95	-31.52	-5.42	-3.60	-2.86	-2.86
Leverage Ratio	17.65	10.02	8.59	6.85	5.98	9.55	-52.99	-7.47	-4.31	-3.15	-3.49
Compound Leverage Factor	11.34	6.75	6.12	4.93	3.37	11.81	-74.52	-25.43	34.95	3.34	2.82
Debt to Total Capital	87.40%	84.63%	83.19%	77.76%	77.92%	94.33%	111.75%	122.57%	139.21%	145.83%	130.82%
Short-Term Debt to Total Capital	4.95%	4.16%	1.38%	1.56%	1.90%	0.52%	0.69%	0.61%	0.12%	6.63%	7.39%
Long-Term Debt to Total Capital	82.45%	80.48%	81.81%	76.19%	76.01%	93.81%	111.06%	121.96%	139.10%	139.20%	123.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.04%	0.06%	0.13%	0.16%	0.20%	0.14%	0.22%	0.30%	0.78%	0.79%	0.80%
Common Equity to Total Capital	12.56%	15.30%	16.69%	22.08%	21.88%	5.53%	-11.97%	-22.87%	-39.99%	-46.62%	-31.61%
Debt to EBITDA	3.53	3.56	3.44	3.25	3.91	-7.82	-14.17	39.40	18.09	11.07	9.28
Net Debt to EBITDA	3.16	3.16	3.05	2.74	3.37	-5.31	-11.12	32.43	15.50	9.39	7.29
Long-Term Debt to EBITDA	3.33	3.39	3.38	3.18	3.81	-7.77	-14.08	39.20	18.08	10.57	8.76
Debt to NOPAT	11.03	10.19	10.60	7.08	11.18	-6.86	-10.20	-25.94	146.47	25.29	21.02
Net Debt to NOPAT	9.89	9.04	9.40	5.97	9.63	-4.66	-8.01	-21.35	125.51	21.45	16.51
Long-Term Debt to NOPAT	10.40	9.69	10.42	6.94	10.91	-6.82	-10.14	-25.81	146.35	24.14	19.84
Altman Z-Score	1.33	1.27	1.32	1.53	1.49	-0.19	-0.46	-0.22	-0.32	-0.32	-0.27
Noncontrolling Interest Sharing Ratio	0.36%	0.36%	0.59%	0.74%	0.82%	1.27%	-7.59%	-1.51%	-1.73%	-1.84%	-2.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.73	0.99	1.17	1.09	3.04	1.96	1.67	1.27	1.02	1.07
Quick Ratio	0.70	0.66	0.88	1.00	0.96	2.82	1.73	1.41	1.08	0.93	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-364	155	242	403	315	-369	-3.94	-169	282	276	298
Operating Cash Flow to CapEx	184.59%	213.46%	214.27%	255.26%	504.71%	0.00%	-1,409.05%	0.00%	64.33%	240.82%	-147.87%
Free Cash Flow to Firm to Interest Expense	-1.72	0.96	1.56	2.56	2.01	-1.49	-0.01	-37.77	2.60	7.25	3.28
Operating Cash Flow to Interest Expense	2.50	4.32	4.38	4.60	3.72	-3.11	-1.53	-61.81	0.52	1.86	-1.20
Operating Cash Flow Less CapEx to Interest Expense	1.14	2.30	2.33	2.80	2.98	-3.10	-1.64	10.35	-0.29	1.09	-2.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.61	0.63	0.68	0.69	0.23	0.30	0.49	0.60	0.65	0.61
Accounts Receivable Turnover	8.02	8.69	8.08	7.74	7.54	3.33	6.55	8.27	8.34	8.87	9.26
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.02	4.89	4.64	4.87	0.00	0.00	5.51	10.59	12.56	12.57	11.33
Accounts Payable Turnover	15.17	14.90	15.17	10.09	9.80	3.83	5.81	7.08	5.91	5.07	4.80
Days Sales Outstanding (DSO)	45.53	42.01	45.20	47.13	48.42	109.71	55.69	44.13	43.75	41.17	39.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.06	24.49	24.05	36.18	37.26	95.32	62.86	51.55	61.80	72.06	76.06
Cash Conversion Cycle (CCC)	21.47	17.52	21.15	10.95	11.16	14.39	-7.17	-7.42	-18.05	-30.89	-36.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,498	3,681	3,765	3,843	3,827	3,505	3,043	3,029	2,780	2,705	2,391
Invested Capital Turnover	0.94	0.94	0.97	1.02	1.04	0.36	0.52	0.84	1.00	1.10	1.14
Increase / (Decrease) in Invested Capital	669	183	84	78	-16	-322	-462	-14	-249	-75	-91
Enterprise Value (EV)	9,883	9,365	8,295	8,530	8,868	7,041	6,518	5,943	5,839	5,733	3,979
Market Capitalization	6,867	6,307	5,223	5,654	5,980	3,814	2,778	2,029	1,670	1,408	537
Book Value per Share	$1.74	$2.22	$2.52	$3.51	$3.43	$0.88	($1.57)	($2.69)	($3.66)	($4.20)	($2.66)
Tangible Book Value per Share	($10.07)	($9.64)	($9.26)	($7.99)	($8.28)	($9.05)	($10.57)	($11.68)	($11.38)	($11.69)	($9.42)
Total Capital	3,844	4,071	4,154	4,380	4,291	5,029	4,253	3,868	3,472	3,473	3,324
Total Debt	3,360	3,446	3,456	3,406	3,343	4,744	4,753	4,741	4,834	5,065	4,349
Total Long-Term Debt	3,169	3,276	3,399	3,337	3,262	4,718	4,724	4,717	4,829	4,835	4,103
Net Debt	3,014	3,056	3,067	2,869	2,880	3,220	3,731	3,902	4,142	4,297	3,416
Capital Expenditures (CapEx)	287	328	316	284	115	-3.08	29	-323	87	29	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-353	-508	-316	-272	-258	-207	-284	-247	-421	-494	-582
Debt-free Net Working Capital (DFNWC)	-32	-144	46	238	178	1,292	715	569	248	252	328
Net Working Capital (NWC)	-222	-313	-11	169	96	1,266	686	546	244	21	82
Net Nonoperating Expense (NNE)	-244	91	78	138	137	590	460	250	561	479	-317
Net Nonoperating Obligations (NNO)	3,014	3,056	3,067	2,869	2,880	3,220	3,543	3,902	4,142	4,297	3,416
Total Depreciation and Amortization (D&A)	402	479	474	495	502	448	332	245	206	193	173
Debt-free, Cash-free Net Working Capital to Revenue	-11.93%	-15.05%	-8.77%	-7.02%	-6.50%	-15.55%	-16.84%	-9.72%	-14.49%	-16.30%	-21.00%
Debt-free Net Working Capital to Revenue	-1.08%	-4.26%	1.27%	6.15%	4.48%	96.86%	42.34%	22.44%	8.53%	8.31%	11.84%
Net Working Capital to Revenue	-7.51%	-9.28%	-0.32%	4.38%	2.42%	94.91%	40.61%	21.52%	8.39%	0.71%	2.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.00	$0.87	$0.87	$1.23	$0.57	($4.42)	($2.96)	($1.40)	($1.56)	($0.73)	$1.34
Adjusted Weighted Average Basic Shares Outstanding	273.14M	277.55M	276.89M	275.24M	274.17M	289.86M	320.92M	326.74M	346.57M	383.73M	391.71M
Adjusted Diluted Earnings per Share	$1.95	$0.86	$0.87	$1.22	$0.57	($4.42)	($2.96)	($1.40)	($1.56)	($0.73)	$1.34
Adjusted Weighted Average Diluted Shares Outstanding	280.07M	282.75M	278.32M	277.52M	276.22M	289.86M	320.92M	326.74M	346.57M	383.73M	391.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	275.22M	277.13M	274.45M	275.41M	273.75M	317.33M	323.52M	328.59M	379.48M	386.01M	395.17M
Normalized Net Operating Profit after Tax (NOPAT)	305	338	380	481	299	-692	-466	-183	33	200	207
Normalized NOPAT Margin	10.29%	10.03%	10.55%	12.44%	7.52%	-51.84%	-27.58%	-7.20%	1.13%	6.61%	7.46%
Pre Tax Income Margin	11.95%	9.72%	10.49%	10.30%	5.02%	-97.81%	-55.56%	-16.69%	-16.97%	-9.26%	-8.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.60	3.01	3.42	3.51	2.26	-4.26	-2.46	-27.81	0.56	6.96	3.26
NOPAT to Interest Expense	1.44	2.09	2.10	3.05	1.91	-2.80	-1.72	-40.85	0.30	5.27	2.28
EBIT Less CapEx to Interest Expense	1.25	0.99	1.38	1.71	1.53	-4.25	-2.57	44.35	-0.24	6.19	2.45
NOPAT Less CapEx to Interest Expense	0.09	0.07	0.06	1.25	1.18	-2.78	-1.83	31.31	-0.50	4.50	1.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.96%	58.46%	62.53%	44.97%	94.44%	-3.47%	-2.34%	-4.94%	-3.04%	0.00%	0.00%
Augmented Payout Ratio	35.95%	98.95%	106.59%	52.64%	142.20%	-3.47%	-2.34%	-4.94%	-3.04%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Sabre's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	387,806,562.00	394,514,384.00	394,884,884.00	395,165,033.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	387,806,562.00	394,514,384.00	394,884,884.00	395,165,033.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.66	2.15	-0.26	0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.62%	8.85%	5.41%	4.03%	3.28%	4.03%	-0.80%	-1.14%	3.45%	2.85%	8.29%
EBITDA Growth	1,577.26%	7,606.49%	151.24%	309.33%	32.28%	-9.59%	8.47%	39.35%	42.74%	-21.33%	24.41%
EBIT Growth	163.30%	174.44%	4,166.55%	356.86%	74.66%	-16.64%	14.49%	64.78%	74.83%	-87.60%	30.62%
NOPAT Growth	192.33%	168.14%	46,149.30%	244.26%	34.34%	52.90%	5.42%	82.94%	61.87%	-74.90%	26.83%
Net Income Growth	-54.46%	39.59%	28.73%	43.96%	69.63%	22.13%	149.99%	-269.19%	1,443.95%	-38.12%	-77.47%
EPS Growth	-41.86%	52.00%	40.63%	53.85%	73.77%	16.67%	147.37%	-261.11%	1,337.50%	60.00%	-77.78%
Operating Cash Flow Growth	157.98%	150.63%	5.96%	205.05%	-53.19%	-13.83%	-18.38%	-626.33%	38.10%	83.97%	-109.75%
Free Cash Flow Firm Growth	180.78%	1,219.20%	502.50%	63.56%	-47.52%	-58.12%	-56.31%	184.12%	84.86%	-70.00%	357.68%
Invested Capital Growth	-8.67%	-8.22%	-4.83%	-3.68%	-3.95%	-2.71%	-0.76%	-12.05%	-7.94%	-3.66%	-10.84%
Revenue Q/Q Growth	0.40%	-7.21%	13.95%	-2.00%	-0.33%	-6.54%	8.66%	-11.52%	4.08%	-17.22%	14.07%
EBITDA Q/Q Growth	233.13%	2.07%	53.91%	-21.79%	7.66%	-30.23%	84.65%	-20.91%	18.17%	-67.11%	179.94%
EBIT Q/Q Growth	262.89%	5.79%	117.67%	-31.52%	10.76%	-49.51%	198.94%	-19.82%	17.02%	-97.79%	703.39%
NOPAT Q/Q Growth	223.75%	-28.47%	162.69%	-37.96%	15.24%	-18.59%	81.11%	-13.80%	5.04%	-90.03%	443.17%
Net Income Q/Q Growth	-67.67%	53.70%	26.14%	2.28%	9.14%	-18.73%	147.42%	-821.65%	430.75%	-112.20%	107.73%
EPS Q/Q Growth	-56.41%	60.66%	20.83%	5.26%	11.11%	-25.00%	145.00%	-822.22%	404.62%	-104.04%	125.00%
Operating Cash Flow Q/Q Growth	321.84%	61.63%	-170.91%	141.31%	-1.14%	197.54%	-197.41%	-149.67%	116.74%	313.50%	-196.32%
Free Cash Flow Firm Q/Q Growth	235.65%	-12.00%	-21.58%	-29.39%	7.70%	-29.78%	-18.18%	333.55%	-29.68%	-66.12%	271.57%
Invested Capital Q/Q Growth	-2.54%	-4.40%	4.24%	-0.82%	-2.82%	-3.16%	6.33%	-12.10%	1.71%	-7.01%	7.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.28%	60.40%	58.99%	58.10%	57.86%	59.44%	57.03%	56.87%	56.22%	55.43%	55.94%
EBITDA Margin	12.25%	13.47%	18.20%	14.52%	15.68%	11.71%	19.90%	17.79%	20.19%	8.02%	22.30%
Operating Margin	7.05%	5.43%	12.53%	7.93%	9.17%	7.99%	13.31%	12.97%	13.09%	1.58%	15.25%
EBIT Margin	5.49%	6.26%	11.96%	8.36%	9.29%	5.02%	13.80%	12.51%	14.06%	0.38%	16.17%
Profit (Net Income) Margin	-28.08%	-14.01%	-9.08%	-9.06%	-8.26%	-10.49%	4.58%	-37.33%	118.64%	-17.49%	1.05%
Tax Burden Percent	104.30%	121.96%	104.30%	107.36%	112.27%	82.07%	-165.23%	233.73%	-8,173.37%	106.10%	-399.60%
Interest Burden Percent	-490.31%	-183.55%	-72.83%	-100.96%	-79.19%	-254.76%	-20.07%	-127.72%	-10.32%	-4,383.78%	-1.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.62%	3.81%	8.70%	5.64%	6.76%	6.18%	9.76%	9.18%	9.41%	1.26%	11.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.42%	0.76%	5.34%	2.98%	4.12%	3.45%	8.92%	1.82%	29.40%	-1.68%	9.27%
Return on Net Nonoperating Assets (RNNOA)	5.75%	-2.75%	-18.74%	-9.83%	-12.51%	-9.87%	-26.29%	-4.84%	-93.26%	4.82%	-28.97%
Return on Equity (ROE)	10.37%	1.06%	-10.04%	-4.18%	-5.75%	-3.69%	-16.53%	4.34%	-83.85%	6.08%	-17.87%
Cash Return on Invested Capital (CROIC)	8.03%	9.71%	8.37%	9.68%	10.57%	10.05%	7.82%	20.27%	16.71%	12.22%	19.70%
Operating Return on Assets (OROA)	3.21%	3.78%	7.22%	5.19%	5.91%	3.27%	8.86%	7.52%	8.54%	0.23%	10.15%
Return on Assets (ROA)	-16.41%	-8.46%	-5.48%	-5.62%	-5.25%	-6.83%	2.94%	-22.44%	72.09%	-10.61%	0.66%
Return on Common Equity (ROCE)	10.57%	1.07%	-10.27%	-4.27%	-5.86%	-3.76%	-16.84%	4.42%	-85.71%	6.20%	-18.25%
Return on Equity Simple (ROE_SIMPLE)	45.64%	0.00%	34.58%	29.56%	19.26%	0.00%	10.93%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	37	26	69	43	49	40	72	62	66	6.54	81
NOPAT Margin	4.93%	3.80%	8.77%	5.55%	6.42%	5.59%	9.32%	9.08%	9.16%	1.10%	10.67%
Net Nonoperating Expense Percent (NNEP)	6.04%	3.04%	3.36%	2.67%	2.64%	2.72%	0.84%	7.36%	-19.99%	2.94%	1.83%
Return On Investment Capital (ROIC_SIMPLE)	1.03%	0.76%	1.93%	1.21%	1.41%	1.15%	2.03%	1.93%	2.01%	0.20%	2.50%
Cost of Revenue to Revenue	39.72%	39.60%	41.01%	41.90%	42.14%	40.56%	42.97%	43.13%	43.78%	44.57%	44.06%
SG&A Expenses to Revenue	20.36%	20.40%	18.06%	21.59%	21.06%	21.63%	18.45%	18.80%	19.64%	24.40%	17.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.23%	54.97%	46.46%	50.17%	48.69%	51.45%	43.72%	43.90%	43.13%	53.86%	40.70%
Earnings before Interest and Taxes (EBIT)	41	43	94	64	71	36	107	86	101	2.23	123
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	93	142	111	120	84	155	122	144	47	170
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.52	0.57	0.31	0.34	0.47	0.46	0.36	0.45	0.26	0.19	0.20
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.31	1.02	1.15
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	76.60%	97.69%	86.81%
Enterprise Value to Invested Capital (EV/IC)	1.96	2.10	1.82	1.88	2.06	2.12	1.92	2.30	1.66	1.66	1.63
Enterprise Value to Revenue (EV/Rev)	2.00	2.01	1.78	1.81	1.92	1.89	1.83	2.13	1.55	1.44	1.48
Enterprise Value to EBITDA (EV/EBITDA)	32.85	21.86	14.91	12.35	12.37	12.53	11.79	13.29	8.85	8.49	8.32
Enterprise Value to EBIT (EV/EBIT)	0.00	95.88	34.54	22.37	21.22	21.67	19.90	21.68	13.67	13.45	12.87
Enterprise Value to NOPAT (EV/NOPAT)	0.00	176.93	51.67	31.04	30.92	28.62	27.13	28.93	18.82	19.24	18.65
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	103.82	86.87	46.76	68.76	81.21	95.30	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	23.29	20.71	21.14	19.03	19.13	20.80	24.50	10.63	9.51	13.37	7.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.80	-3.55	-3.52	-3.39	-3.29	-3.18	-3.31	-2.81	-4.49	-4.25	-4.21
Long-Term Debt to Equity	-3.80	-3.55	-3.52	-3.24	-3.13	-3.04	-3.16	-2.79	-4.32	-4.01	-3.86
Financial Leverage	-4.05	-3.60	-3.51	-3.30	-3.04	-2.86	-2.95	-2.65	-3.17	-2.86	-3.12
Leverage Ratio	-4.88	-4.31	-4.13	-3.77	-3.37	-3.15	-3.18	-2.78	-3.67	-3.49	-3.52
Compound Leverage Factor	23.93	7.92	3.01	3.80	2.67	8.03	0.64	3.55	0.38	153.10	0.06
Debt to Total Capital	135.69%	139.21%	139.65%	141.84%	143.65%	145.83%	143.31%	155.20%	128.67%	130.82%	131.18%
Short-Term Debt to Total Capital	0.11%	0.12%	0.09%	6.16%	6.99%	6.63%	6.52%	1.31%	4.67%	7.39%	10.91%
Long-Term Debt to Total Capital	135.57%	139.10%	139.56%	135.68%	136.66%	139.20%	136.79%	153.89%	124.00%	123.43%	120.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.76%	0.78%	0.78%	0.79%	0.79%	0.79%	0.77%	0.84%	0.82%	0.80%	0.81%
Common Equity to Total Capital	-36.44%	-39.99%	-40.43%	-42.63%	-44.44%	-46.62%	-44.08%	-56.04%	-29.50%	-31.61%	-31.99%
Debt to EBITDA	27.81	18.09	14.13	11.46	10.80	11.07	10.90	11.50	8.76	9.28	8.50
Net Debt to EBITDA	24.09	15.50	12.23	9.96	9.27	9.39	9.42	10.43	7.29	7.29	7.13
Long-Term Debt to EBITDA	27.79	18.08	14.12	10.96	10.27	10.57	10.40	11.40	8.44	8.76	7.79
Debt to NOPAT	-153.06	146.47	48.99	28.79	27.00	25.29	25.08	25.04	18.63	21.02	19.04
Net Debt to NOPAT	-132.60	125.51	42.38	25.02	23.18	21.45	21.68	22.70	15.51	16.51	15.98
Long-Term Debt to NOPAT	-152.93	146.35	48.96	27.54	25.69	24.14	23.94	24.82	17.95	19.84	17.46
Altman Z-Score	-0.32	-0.33	-0.36	-0.45	-0.44	-0.49	-0.43	-0.64	-0.36	-0.49	-0.44
Noncontrolling Interest Sharing Ratio	-1.90%	-1.73%	-2.30%	-2.14%	-1.95%	-1.84%	-1.86%	-1.69%	-2.21%	-2.06%	-2.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.27	1.37	1.07	1.02	1.02	1.10	1.01	1.14	1.07	0.93
Quick Ratio	1.10	1.08	1.17	0.91	0.92	0.93	0.94	0.80	1.02	0.91	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	313	275	216	152	164	115	94	409	287	97	393
Operating Cash Flow to CapEx	290.93%	510.39%	-246.03%	139.83%	137.27%	514.07%	-977.01%	-930.24%	166.19%	593.54%	-631.94%
Free Cash Flow to Firm to Interest Expense	2.58	0.00	1.33	0.00	0.00	0.00	0.00	4.80	0.00	17.71	144.04
Operating Cash Flow to Interest Expense	0.49	0.00	-0.42	0.00	0.00	0.00	0.00	-2.36	0.00	25.33	-49.18
Operating Cash Flow Less CapEx to Interest Expense	0.32	0.00	-0.59	0.00	0.00	0.00	0.00	-2.62	0.00	21.07	-56.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.60	0.60	0.62	0.64	0.65	0.64	0.60	0.61	0.61	0.63
Accounts Receivable Turnover	7.19	8.34	7.14	7.28	7.49	8.87	7.48	7.74	6.98	9.26	7.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.26	12.56	12.45	12.34	12.42	12.57	12.24	11.08	11.05	11.33	11.05
Accounts Payable Turnover	6.77	5.91	5.45	5.33	5.39	5.07	4.98	4.80	5.10	4.80	5.30
Days Sales Outstanding (DSO)	50.78	43.75	51.12	50.12	48.74	41.17	48.80	47.16	52.26	39.42	49.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	53.88	61.80	67.03	68.51	67.69	72.06	73.24	76.01	71.57	76.06	68.85
Cash Conversion Cycle (CCC)	-3.10	-18.05	-15.90	-18.40	-18.95	-30.89	-24.44	-28.84	-19.31	-36.64	-19.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,908	2,780	2,898	2,875	2,793	2,705	2,876	2,528	2,572	2,391	2,565
Invested Capital Turnover	0.94	1.00	0.99	1.02	1.05	1.10	1.05	1.01	1.03	1.14	1.04
Increase / (Decrease) in Invested Capital	-276	-249	-147	-110	-115	-75	-22	-346	-222	-91	-312
Enterprise Value (EV)	5,695	5,839	5,260	5,399	5,767	5,733	5,535	5,823	4,260	3,979	4,178
Market Capitalization	1,492	1,670	918	1,020	1,416	1,408	1,085	1,225	722	537	573
Book Value per Share	($3.90)	($3.66)	($3.80)	($3.94)	($4.04)	($4.20)	($4.08)	($4.69)	($2.45)	($2.66)	($2.63)
Tangible Book Value per Share	($12.74)	($11.38)	($11.49)	($11.56)	($11.57)	($11.69)	($11.54)	($11.62)	($9.23)	($9.42)	($9.36)
Total Capital	3,553	3,472	3,572	3,530	3,505	3,473	3,571	3,247	3,277	3,324	3,252
Total Debt	4,821	4,834	4,988	5,007	5,035	5,065	5,118	5,040	4,216	4,349	4,266
Total Long-Term Debt	4,817	4,829	4,985	4,789	4,790	4,835	4,885	4,997	4,063	4,103	3,912
Net Debt	4,176	4,142	4,314	4,351	4,323	4,297	4,423	4,570	3,511	3,416	3,579
Capital Expenditures (CapEx)	20	19	28	20	20	16	8.25	22	20	23	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-331	-421	-313	-336	-422	-494	-332	-399	-391	-582	-402
Debt-free Net Working Capital (DFNWC)	292	248	337	298	268	252	340	48	292	328	263
Net Working Capital (NWC)	288	244	334	81	23	21	107	5.91	139	82	-92
Net Nonoperating Expense (NNE)	244	122	140	112	112	115	37	319	-783	110	73
Net Nonoperating Obligations (NNO)	4,176	4,142	4,314	4,351	4,323	4,297	4,423	4,321	3,511	3,416	3,579
Total Depreciation and Amortization (D&A)	50	50	49	47	49	48	47	36	44	45	47
Debt-free, Cash-free Net Working Capital to Revenue	-11.59%	-14.49%	-10.62%	-11.27%	-14.06%	-16.30%	-10.99%	-14.60%	-14.18%	-21.00%	-14.19%
Debt-free Net Working Capital to Revenue	10.24%	8.53%	11.44%	10.01%	8.92%	8.31%	11.24%	1.77%	10.61%	11.84%	9.30%
Net Working Capital to Revenue	10.10%	8.39%	11.33%	2.71%	0.76%	0.71%	3.53%	0.22%	5.05%	2.98%	-3.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.61)	($0.24)	($0.19)	($0.18)	($0.16)	($0.20)	$0.09	($0.65)	$2.15	($0.25)	$0.02
Adjusted Weighted Average Basic Shares Outstanding	345.13M	346.57M	379.77M	383.51M	385.73M	383.73M	386.27M	390.91M	394.58M	391.71M	395.15M
Adjusted Diluted Earnings per Share	($0.61)	($0.24)	($0.19)	($0.18)	($0.16)	($0.20)	$0.09	($0.65)	$1.98	($0.08)	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	345.13M	346.57M	379.77M	383.51M	385.73M	383.73M	455.26M	390.91M	429.25M	391.71M	397.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	379.48M	379.48M	381.93M	385.70M	385.85M	386.01M	387.81M	394.51M	394.88M	395.17M	395.31M
Normalized Net Operating Profit after Tax (NOPAT)	37	26	69	43	49	40	72	62	66	6.54	81
Normalized NOPAT Margin	4.93%	3.80%	8.77%	5.55%	6.42%	5.59%	9.32%	9.08%	9.16%	1.10%	10.67%
Pre Tax Income Margin	-26.92%	-11.49%	-8.71%	-8.44%	-7.35%	-12.78%	-2.77%	-15.97%	-1.45%	-16.48%	-0.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.34	0.00	0.58	0.00	0.00	0.00	0.00	1.01	0.00	0.40	45.06
NOPAT to Interest Expense	0.30	0.00	0.42	0.00	0.00	0.00	0.00	0.73	0.00	1.19	29.74
EBIT Less CapEx to Interest Expense	0.17	0.00	0.41	0.00	0.00	0.00	0.00	0.75	0.00	-3.86	37.28
NOPAT Less CapEx to Interest Expense	0.13	0.00	0.25	0.00	0.00	0.00	0.00	0.48	0.00	-3.08	21.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-3.62%	-3.04%	-2.14%	-1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3.62%	-3.04%	-2.14%	-1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven snapshot of Sabre Corp (SABR) using the last four years of quarterly results. The focus is on trends in revenue, profitability, cash flow, and leverage to help retail investors gauge how the business has evolved.

Solid gross margin in 2024–2025. In Q4 2025 Sabre posted operating revenue of $592.0M with gross profit of $328.2M (total gross margin around 55%). This mirrors a historically robust gross margin, with Q3 2025 gross margin around 56% (402.1M on 715.2M) and Q4 2024 around 59% (424.8M on 714.7M).
Small but positive operating income in Q4 2025. Operating income reached about $9.3M, signaling a move toward positive operating performance despite overall revenue volatility.
Healthy near-term cash flow from operations in Q4 2025. Net cash from continuing operating activities was about $139.3M, marking a solid cash-creating quarter.
Positive financing activity in Q4 2025. Net cash from financing activities totaled roughly $118.7M, supported by debt issuance during the period (see next bullet).
Significant debt financing in Q4 2025. Issuance of debt was about $1.787B, providing substantial liquidity for liquidity or strategic moves, even as leverage remains high.
Big one-time net income impact in Q3 2025. Net income attributable to common shareholders in Q3 2025 was roughly $848.7M, largely driven by a large discontinued-operations gain, which can distort trailing earnings but boosts reported profitability that quarter.
Strong quarterly cash change in Q4 2025. Net change in cash and equivalents rose by about $227.4M, reflecting the combined effects of cash from operations, investing, and financing in that quarter.
Revenue swings indicate seasonality and mix effects. Quarterly revenue moved from about $592M (Q4 2025) to $715M (Q3 2025) and $687M (Q2 2025) and $777M (Q1 2025), signaling notable quarter-to-quarter variability.
Debt load and leverage remain substantial. Long-term debt sits in the mid-to-high $4B range across recent quarters, contributing to ongoing interest expense and balance-sheet leverage concerns.
Persistent net losses and negative book equity in several periods. Sabre’s quarterly results show meaningful net losses across many quarters (e.g., Q4 2024 and Q3 2024) and, in mid-2025 balance sheets, total liabilities exceeded assets with negative equity, highlighting ongoing profitability and solvency challenges.

05/14/26 12:00 AM ETAI Generated. May Contain Errors.

Sabre Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sabre's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Sabre's net income appears to be on an upward trend, with a most recent value of $523.96 million in 2025, falling from $548.96 million in 2015. The previous period was -$278.68 million in 2024. Find out what analysts predict for Sabre in the coming months.

Sabre's total operating income in 2025 was $295.50 million, based on the following breakdown:

Total Gross Profit: $1.56 billion
Total Operating Expenses: $1.27 billion

Over the last 10 years, Sabre's total revenue changed from $2.96 billion in 2015 to $2.77 billion in 2025, a change of -6.4%.

Sabre's total liabilities were at $5.53 billion at the end of 2025, a 11.2% decrease from 2024, and a 12.6% increase since 2015.

In the past 10 years, Sabre's cash and equivalents has ranged from $321.13 million in 2015 to $1.50 billion in 2020, and is currently $791.56 million as of their latest financial filing in 2025.

Over the last 10 years, Sabre's book value per share changed from 1.74 in 2015 to -2.66 in 2025, a change of -253.0%.

Related Companies

Financial statements for NASDAQ:SABR last updated on 5/11/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Sabre (SABR) Financials

Financials Breakdown Chart

Key Financial Trends

Sabre Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Sabre (SABR) Financials

Annual Income Statements for Sabre

Quarterly Income Statements for Sabre

Annual Cash Flow Statements for Sabre

Quarterly Cash Flow Statements for Sabre

Annual Balance Sheets for Sabre

Quarterly Balance Sheets for Sabre

Annual Metrics And Ratios for Sabre

Quarterly Metrics And Ratios for Sabre

Financials Breakdown Chart

Key Financial Trends

Sabre Financials - Frequently Asked Questions

When does Sabre's fiscal year end?

How has Sabre's net income changed over the last 10 years?

What is Sabre's operating income?

How has Sabre's revenue changed over the last 10 years?

How much debt does Sabre have?

How much cash does Sabre have?

How has Sabre's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools