SABR Sabre Corporation - Common Stock

NASDAQ · Hotels, Restaurants & Leisure · View on SEC EDGAR ↗
$2.18
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026

About Sabre Corporation - Common Stock Company overview from Wikipedia

Sabre Corporation, a travel technology company headquartered in Southlake, Texas, is the largest global distribution systems (GDS) provider for air bookings. The company's primary product, the Sabre Global Distribution System, and others like it, act as neutral intermediaries, connecting travel suppliers like airlines and hotels with travel sellers like agencies. They offer real-time availability and pricing, making them important for corporate travel management.

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Sabre Corporation, a travel technology company headquartered in Southlake, Texas, is the largest global distribution systems (GDS) provider for air bookings. The company's primary product, the Sabre Global Distribution System, and others like it, act as neutral intermediaries, connecting travel suppliers like airlines and hotels with travel sellers like agencies. They offer real-time availability and pricing, making them important for corporate travel management.

Founded by American Airlines in 1960, Sabre was spun off and became an independent company in 2000. In 2007, Texas Pacific Group and Silver Lake Partners acquired Sabre Holdings, the company's former name. Sabre then went public on the NASDAQ stock exchange in 2014.

Sabre's primary competitors are Amadeus IT Group, which operates the Amadeus CRS and Travelport, which operates the Galileo GDS.

History

Early history

In 1953, C. R. Smith, the president of American Airlines, met Blair Smith, an IBM salesman, on a flight and developed the Sabre (the Semi-Automatic Business Research Environment) concept. The system was based on SAGE, the first major system to use interactive real-time computing, which IBM had developed for military use. Sabre Corporation was officially founded in 1960 by American Airlines. Sabre Corporation installed the first Sabre reservation system in Briarcliff Manor, New York that year. The system consisted of two IBM 7090 mainframe computers and processed 84,000 calls per day.

In 1964, Sabre's nationwide network was completed and became the largest commercial real-time data-processing system in the world. Sabre Corporation handled 7500 passenger reservations per hour in 1965. The Sabre system upgraded to IBM System/360 and moved to a new center in Tulsa, Oklahoma in 1972. In 1976, the Sabre system was installed into a travel agency for the first time. This allowed travel agents to have instant access to flights. By the end of the year, 130 locations installed the Sabre system. Sabre introduced BargainFinder, the industry's first automated low-fare search capability, in 1984. The following year, eAAsySabre was launched. eAAsySabre gave consumers with personal computers access to the Sabre system to make airline, hotel and car rental reservations.

By 1989, Sabre was reported as having "about 38 percent of the reservations market." In 1996, the company launched Travelocity, an online travel agency. Sabre formed a joint venture with Abacus International in 1998 to create SabreSonic, a customized version of Sabre's reservations system to Abacus subscribers in Asia.

2000 to present

In 2000, Sabre Corporation was spun off of AMR Corporation to form an independent company. The following year, Electronic Data Systems (EDS) purchased Sabre Holdings' airline hardware and communications business, and Sabre began migrating its old mainframe for air travel shopping and pricing to HP NonStop and Linux servers. In 2005, the company acquired lastminute.com, an online travel and leisure retailer.

Sabre Corporation was acquired by Texas Pacific Group and Silver Lake Partners in March 2007. In March 2010, the company acquired Calidris, a revenue integrity and business intelligence company. Sabre Corporation acquired SoftHotel, a web-based property management provider, in June 2011. The company launched Sabre Red App Centre in March 2012. In April 2014, Sabre Corporation went public on NASDAQ under the ticker symbol SABR. The IPO sold for $16 per share and valued Sabre at $3.93 billion. The company acquired Genares, a hospitality technology company, that September.

In December 2014, Bravofly Rumbo Group acquired Sabre European Online Travel Agency, lastminute.com. In January 2015, Sabre sold its Travelocity brand to Expedia, Inc. for $280 million. In July 2015, Sabre acquired Abacus International, a global distribution system based in the Asia-Pacific region. The deal included long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus. In June 2016, Sabre announced Tom Klein would resign as CEO by the end of 2016.

In October 2019 Sabre announced its purchase of Radixx for $110M. Radixx is a seller of passenger service software to small and budget airlines. Sabre expects Radixx to generate $20 million in 2019. In October 2021, Sabre announced the sale of the AirCentre portfolio to CAE Inc for $392.5M.

In May 2022 Sabre announced its purchase of Nuvola, a provider of hotel and service optimization software. In August 2022, it acquired Conferma Pay, a UK-based payments company. In March 2023, Sabre announced some executive changes as part of what it called its "long-term succession plan." The changes included Sean Menke transitioning to be sole Executive Chair effective April 27. At the same time, Kurt Ekert, who served as the president of Sabre, took over as CEO.

In 2025, Sabre entered into a multi-year $1.56 billion partnership with Coforge, an Indian IT company. It also sold its Hospitality Solutions division to TPG Inc.

In 2026, the company went through a rebranding. This consisted in a new logo along with a new color scheme, with orange replacing the classical red.

Operations

The company is based in Southlake, Texas and has additional offices in London, Kraków, Bangalore, Montevideo and Singapore. As of 2024, Sabre connects travel agents to over 420 airlines including 150+ low-cost carriers, more than 2 million lodging options, 40+ car rental brands across 40,000 locations, and 30+ rail operators. Travel agents access this content via Sabre Mosaic Marketplace. Sabre operates Sabre Travel Solutions.

Acquisitions

Preview Travel (2000)

Dillion Communication Systems (2000)

Gradient Solutions (2000)

GetThere (2000)

Sabre Pacific (2001)

Nexion Inc. (2003)

David R. Bornemann Associates (2001)

Site59 (2001)

Resfeber Scandinavia (2002)

Kiehl Hendrickson Group (2002)

axsResource Airport Resource Management Solutions (2003)

World Choice Travel (2003)

RM Rocade (2004)

Showtickets.com (2004)

SynXis Corporation (2004)

Southwest Travel Systems (2005)

IgoUgo.com (2005)

Lastminute.com (2005)

E-site Marketing (2007)

Flight Explorer (2008)

EB2 (2008)

Calidris (2010)

Flightline Data Services (2010)

f:wz (2010)

SoftHotel (2011)

Prism (2012)

Genares (2014)

Abacus International (2015)

Trust International (2015)

Airpas Aviation (2016)

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

SABR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$2.17
Market Cap
$930M
P/E (TTM)
1.8
EPS (TTM)
$1.34
Revenue (TTM)
$2.77B
Div Yield
ROE
-36.9%
Debt/Equity
-4.2
52W Range
$1 – $2

SABR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.77B
10-point trend, -17.9%
2016-12-31 2025-12-31
EPS $1.34
10-point trend, +55.8%
2016-12-31 2025-12-31
Free Cash Flow $-192M
10-point trend, -151.6%
2016-12-31 2025-12-31
Margins 18.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SABR
Peer Median
P/E (TTM)
5-point trend, +135.0%
1.8
20.7
P/S (TTM)
5-point trend, -88.2%
0.3
1.1
P/B
5-point trend, +90.7%
-0.9
13.7
EV / EBITDA
5-point trend, +240.8%
15.2
Price / FCF
5-point trend, +52.7%
-4.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SABR
Peer Median
Operating Margin
5-point trend, +127.1%
10.7%
Net Profit Margin
5-point trend, +134.4%
18.9%
2.9%
ROA
5-point trend, +170.3%
11.5%
1.3%
ROE
5-point trend, -117.0%
-36.9%
-11.1%
ROIC
5-point trend, +161.8%
9.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SABR
Peer Median
Debt / Equity
5-point trend, +55.9%
-4.2
Current Ratio
5-point trend, -45.4%
1.1
1.1
Quick Ratio
5-point trend, -47.4%
0.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SABR
Peer Median
Revenue YoY
5-point trend, +64.1%
0.95%
Revenue CAGR 3Y
5-point trend, +64.1%
3.0%
Revenue CAGR 5Y
5-point trend, +64.1%
15.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SABR
Peer Median
EPS (Diluted)
5-point trend, +145.3%
$1.34

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SABR
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
March 19, 2020$0.1400
Dec. 19, 2019$0.1400
Sept. 19, 2019$0.1400
June 20, 2019$0.1400
March 20, 2019$0.1400
Dec. 20, 2018$0.1400
Sept. 20, 2018$0.1400
June 20, 2018$0.1400
March 20, 2018$0.1400
Dec. 20, 2017$0.1400
Sept. 20, 2017$0.1400
June 19, 2017$0.1400
March 17, 2017$0.1400
Dec. 19, 2016$0.1300
Sept. 19, 2016$0.1300
June 17, 2016$0.1300
March 17, 2016$0.1300
Dec. 17, 2015$0.0900
Sept. 17, 2015$0.0900
June 17, 2015$0.0900

SABR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 3 27.3%
  • Buy 3 27.3%
  • Hold 5 45.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-13
Median target $2.00 -8.0%
Mean target $1.99 -8.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.17 $-0.04 -0.13%
March 31, 2026 $0.06 $-0.03 0.09%
Dec. 31, 2025 $-0.01 $-0.07 0.06%
Sept. 30, 2025 $-0.01 $0.04 -0.05%
June 30, 2025 $-0.02 $-0.00 -0.02%
March 31, 2025 $0.00 $0.01 -0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SABR $537M 1.0 0.95% 18.9% -36.9%
VAC $1.97B -6.5 1.3% -6.1% -13.9%
HGV $3.72B 50.3 1.3% 1.6% 5.3%
LIND $798M -22.9 19.6% -3.9% 10.8%
TH $799M -21.6 -17.0% -11.6% -9.2% 13.3%
BKNG $345.53B 32.3 13.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +5.3% $2.77B $2.74B $2.64B $2.54B $1.69B $1.33B $3.97B $3.87B $3.60B $3.37B $2.96B $2.63B
Cost of Revenue 12-point trend, -30.7% $1.21B $1.15B $1.08B $1.04B $691M $579M $1.73B $1.65B $2.51B $2.29B $1.94B $1.74B
SG&A Expense 12-point trend, +19.2% $557M $576M $583M $661M $610M $586M $600M $552M $510M $626M $557M $468M
Operating Income 12-point trend, -29.9% $295M $242M $32M $-261M $-665M $-988M $363M $562M $493M $460M $460M $421M
Interest Expense 10-point trend, +104.6% · · $448M $295M $258M $226M $156M $157M $154M $158M $173M $219M
Other Non-op 12-point trend, +100.1% $391.0K $-21M $13M $137M $-2M $-67M $-9M $-9M $37M $28M $-106M $-304M
Pretax Income 12-point trend, -304.2% $-239M $-267M $-458M $-423M $-938M $-1.30B $200M $398M $378M $328M $354M $117M
Income Tax 12-point trend, +158.9% $16M $4M $34M $9M $-15M $-21M $35M $57M $128M $87M $119M $6M
Net Income 12-point trend, +657.9% $525M $-279M $-528M $-435M $-928M $-1.28B $159M $338M $243M $243M $549M $69M
EPS (Basic) 12-point trend, +458.3% $1.34 $-0.73 $-1.56 $-1.40 $-2.96 $-4.45 $0.57 $1.23 $0.87 $0.87 $2.00 $0.24
EPS (Diluted) 12-point trend, +482.6% $1.34 $-0.73 $-1.56 $-1.40 $-2.96 $-4.45 $0.57 $1.22 $0.87 $0.86 $1.95 $0.23
Shares (Basic) 12-point trend, +64.1% 391,707,000 383,733,000 346,567,000 326,742,000 320,922,000 289,855,000 274,168,000 275,235,000 276,893,000 277,546,000 273,139,000 238,633,000
Shares (Diluted) 12-point trend, +58.7% 391,707,000 383,733,000 346,567,000 326,742,000 320,922,000 289,855,000 276,217,000 277,518,000 278,320,000 282,752,000 280,067,000 246,747,000
EBITDA 12-point trend, -29.9% $295M $286M $47M $-261M $-665M $-988M $674M $866M $758M $693M $673M $421M
Balance Sheet 27
Annual Balance Sheet data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +408.5% $792M $724M $648M $795M $978M $1.50B $436M $509M $361M $364M $321M $156M
Receivables 12-point trend, -14.1% $312M $287M $343M $354M $260M $255M $547M $508M $491M $401M $376M $363M
Prepaid Expense 12-point trend, +14.4% $74M $77M $146M $192M $122M $133M $139M $170M $109M $89M $81M $65M
Current Assets 12-point trend, +86.2% $1.30B $1.16B $1.16B $1.36B $1.40B $1.89B $1.12B $1.19B $961M $853M $778M $696M
PP&E (Net) 6-point trend, +16.4% · · · · · · $642M $790M $799M $753M $628M $551M
PP&E (Gross) 6-point trend, +82.9% · · · · · · $2.46B $2.32B $2.04B $1.74B $1.48B $1.34B
Accum. Depreciation 8-point trend, +141.4% · · · · $1.91B $2.00B $1.82B $1.52B $1.24B $987M $851M $792M
Goodwill 12-point trend, +10.7% $2.38B $2.38B $2.38B $2.54B $2.47B $2.64B $2.63B $2.55B $2.55B $2.55B $2.44B $2.15B
Intangibles 12-point trend, -40.6% $285M $315M $376M $410M $441M $511M $574M $613M $683M $775M $837M $480M
Other Non-current Assets 12-point trend, -47.5% $255M $273M $317M $358M $475M $630M $670M $611M $592M $673M $642M $485M
Total Assets 12-point trend, -3.0% $4.50B $4.63B $4.67B $4.96B $5.29B $6.08B $5.69B $5.81B $5.65B $5.72B $5.39B $4.64B
Accounts Payable 12-point trend, +120.6% $260M $243M $232M $171M $123M $115M $187M $165M $163M $169M $138M $118M
Short-term Debt 6-point trend, +263.8% · · · · · · $82M $68M $57M $169M $191M $22M
Current Liabilities 12-point trend, +35.3% $1.21B $1.14B $915M $816M $717M $622M $1.03B $1.02B $972M $1.17B $1.00B $897M
Capital Leases 8-point trend, +45393000.00 $45M $53M $56M $68M $79M $97M $50M $0 · · · ·
Deferred Tax 12-point trend, +355.6% $37M $30M $31M $39M $38M $72M $107M $136M $100M $89M $84M $8M
Other Non-current Liabilities 12-point trend, -71.8% $173M $204M $259M $264M $297M $381M $348M $340M $480M $567M $656M $614M
Long-term Debt 12-point trend, +42.0% $4.35B $5.07B $4.83B $4.74B $4.75B $4.74B $3.34B $3.41B $3.46B $3.45B $3.36B $3.06B
Total Debt 12-point trend, +42.1% $4.35B $5.07B $4.83B $4.74B $4.75B $4.67B $3.34B $3.41B $3.46B $3.45B $3.36B $3.06B
Common Stock 12-point trend, +59.4% $4M $4M $4M $4M $3M $3M $3M $3M $3M $3M $3M $3M
Paid-in Capital 12-point trend, +73.5% $3.35B $3.30B $3.25B $3.20B $3.12B $2.99B $2.32B $2.24B $2.17B $2.11B $2.02B $1.93B
Retained Earnings 12-point trend, -114.2% $-3.80B $-4.33B $-4.05B $-3.51B $-3.05B $-2.10B $-763M $-769M $-1.05B $-1.14B $-1.33B $-1.78B
Treasury Stock 12-point trend, +10041.5% $537M $527M $520M $514M $498M $475M $469M $378M $342M $222M $111M $5M
AOCI 12-point trend, +4.5% $-67M $-74M $-74M $-66M $-80M $-136M $-149M $-133M $-88M $-123M $-97M $-70M
Stockholders' Equity 12-point trend, -1328.3% $-1.04B $-1.60B $-1.38B $-873M $-500M $285M $948M $974M $698M $626M $484M $84M
Liabilities + Equity 12-point trend, -3.0% $4.50B $4.63B $4.67B $4.96B $5.29B $6.08B $5.69B $5.81B $5.65B $5.72B $5.39B $4.64B
Shares Outstanding 12-point trend, +47.5% 395,004,000 414,753,676 405,914,663 353,436,503 346,430,421 338,661,960 294,319,417 275,352,000 274,342,000 276,949,802 274,955,830 267,800,161
Cash Flow 18
Annual Cash Flow data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -32.8% $106M $110M $121M $185M $262M $364M $311M $304M $265M $233M $214M $158M
Stock-based Comp 12-point trend, +127.2% $46M $49M $47M $83M $121M $70M $67M $57M $45M $49M $30M $20M
Deferred Tax 12-point trend, +234.1% $5M $-2M $19M $-17M $-28M $-27M $-23M $43M $49M $48M $97M $-4M
Amort. of Intangibles 12-point trend, -67.7% $31M $33M $33M $51M $64M $66M $65M $68M $96M $143M $107M $96M
Restructuring 12-point trend, +387.1% $51M $19M $64M $14M $-8M $86M $0 $0 $24M $18M $9M $10M
Other Non-cash 5-point trend, +119.1% · · · · · · $68M $-17M $72M $127M $-357M ·
Operating Cash Flow 12-point trend, -128.1% $-109M $70M $67M $-276M $-415M $-770M $581M $725M $678M $699M $529M $388M
CapEx 12-point trend, -63.5% $83M $80M $81M $69M $54M $65M $115M $284M $316M $328M $287M $227M
Investing Cash Flow 9-point trend, +93.4% · $-30M $-110M $174M $-29M $-1M $-243M $-275M $-318M $-446M · ·
Stock Issued 5-point trend, +0.00 · · · $0 $0 $275M $0 $0 · · · ·
Stock Repurchased 8-point trend, +0.00 · · · · $0 $0 $78M $26M $109M $100M $99M $0
Net Stock Activity 8-point trend, +100.0% · · · $0 $0 $275M $-78M $-26M $-109M $-100M $-99M ·
Dividends Paid 9-point trend, -100.0% · · · $0 $0 $39M $154M $154M $155M $144M $99M $48M
Financing Cash Flow 10-point trend, -260.9% $-686M $40M $-94M $-75M $-51M $1.84B $-410M $-307M $-357M $-190M · ·
Net Change in Cash 12-point trend, +207.9% $165M $76M $-147M $-183M $-500M $1.06B $-73M $148M $-3M $43M $165M $-153M
Taxes Paid 12-point trend, -68.6% $15M $18M $24M $16M $15M $25M $55M $58M $40M $39M $28M $48M
Free Cash Flow 12-point trend, -219.5% $-192M $-14M $-31M $-346M $-469M $-836M $466M $441M $362M $372M $243M $160M
Levered FCF 10-point trend, -993.0% · · $-511M $-647M $-723M $-1.06B $337M $306M $260M $255M $128M $-47M
Profitability 7
Annual Profitability data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -33.4% 10.7% 9.4% 1.6% -10.3% -39.4% -74.1% 9.1% 14.5% 13.7% 13.6% 15.5% 16.0%
Net Margin 12-point trend, +619.8% 18.9% -9.2% -18.1% -17.2% -55.0% -95.4% 4.0% 8.7% 6.9% 7.2% 18.4% 2.6%
Pretax Margin 12-point trend, -293.9% -8.6% -9.3% -17.0% -16.7% -55.6% -98.5% 5.0% 10.3% 10.5% 9.7% 11.9% 4.5%
EBITDA Margin 12-point trend, -33.4% 10.7% 9.4% 1.6% -10.3% -39.4% -74.1% 17.0% 22.4% 21.1% 20.5% 22.7% 16.0%
ROA 12-point trend, +686.3% 11.5% -6.0% -10.9% -8.5% -16.3% -21.6% 2.8% 5.9% 4.3% 4.4% 10.9% 1.5%
ROE 12-point trend, -131.5% -36.9% 17.7% 39.7% 54.3% 217.2% -270.6% 16.7% 35.3% 37.4% 43.7% 191.9% -16.0%
ROIC 12-point trend, -24.9% 9.5% 8.2% 1.5% -6.9% -15.4% -19.1% 7.0% 11.0% 7.8% 8.3% 7.9% 12.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +9.1% 1.1 1.0 1.3 1.7 2.0 3.0 1.1 1.2 1.0 0.7 0.8 1.0
Quick Ratio 12-point trend, +57.2% 0.9 0.9 1.1 1.4 1.7 2.8 1.0 1.0 0.9 0.7 0.7 0.6
Debt / Equity 12-point trend, -111.6% -4.2 -3.2 -3.5 -5.4 -9.5 12.9 3.5 3.5 4.9 5.5 6.9 36.3
LT Debt / Equity 12-point trend, -110.9% -4.0 -3.0 -3.5 -5.4 -9.5 12.8 3.4 3.4 4.9 5.2 6.5 36.3
Interest Coverage 10-point trend, -94.5% · · 0.1 -0.9 -2.6 -4.2 2.3 3.6 3.2 2.9 2.7 1.9
Efficiency 2
Annual Efficiency data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +9.2% 0.6 0.7 0.6 0.5 0.3 0.2 0.7 0.7 0.6 0.6 0.6 0.6
Receivables Turnover 12-point trend, +34.4% 9.3 8.9 8.3 8.3 6.6 3.3 7.5 7.7 8.1 8.7 8.0 6.9
Per Share 7
Annual Per Share data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -932.8% $-2.62 $-4.16 $-3.62 $-2.66 $-1.54 $1.14 $3.46 $3.54 $2.55 $2.26 $1.76 $0.32
Revenue / Share 12-point trend, -33.7% $7.07 $7.89 $8.39 $7.76 $5.26 $4.60 $14.39 $13.93 $12.93 $11.93 $10.57 $10.66
Cash Flow / Share 12-point trend, -117.7% $-0.28 $0.18 $0.16 $-0.85 $-1.29 $-2.66 $2.10 $2.61 $2.44 $2.47 $1.89 $1.57
Cash / Share 12-point trend, +244.7% $2.00 $1.88 $1.71 $2.42 $3.02 $4.73 $1.59 $1.85 $1.32 $1.31 $1.17 $0.58
Dividend / Share 6-point trend, -100.0% · · · $0 $0 $0 $1 $1 $1 · · ·
Dividend Paid / Share 6-point trend, +55.6% · · · · · $0 $0 $0 $0 $0 $0 ·
EPS (TTM) 12-point trend, +482.6% $1.34 $-0.73 $-1.56 $-1.40 $-2.96 $-4.45 $0.57 $1.22 $0.87 $0.86 $1.95 $0.23
Growth Rates 3
Annual Growth Rates data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -96.4% 0.95% 3.9% 4.1% 50.2% 26.6% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -88.4% 3.0% 17.6% 25.6% · · · · · · · · ·
Revenue CAGR 5Y 15.7% · · · · · · · · · · ·
Valuation (TTM) 16
Annual Valuation (TTM) data for SABR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +5.3% $2.77B $2.74B $2.64B $2.54B $1.69B $1.33B $3.97B $3.87B $3.60B $3.37B $2.96B $2.63B
Net Income TTM 12-point trend, +657.9% $525M $-279M $-528M $-435M $-928M $-1.28B $159M $338M $243M $243M $549M $69M
Market Cap 12-point trend, -90.1% $537M $1.41B $1.67B $2.03B $2.78B $3.81B $6.14B $5.96B $5.62B $6.91B $7.69B $5.43B
Enterprise Value 12-point trend, -50.8% $4.10B $5.75B $5.86B $5.98B $6.55B $6.98B $9.05B $8.86B $8.72B $9.99B $10.73B $8.33B
P/E 12-point trend, -98.8% 1.0 -5.0 -2.8 -4.4 -2.9 -2.7 39.4 17.7 23.6 29.0 14.3 88.1
P/S 12-point trend, -90.6% 0.2 0.5 0.6 0.8 1.6 2.9 1.5 1.5 1.6 2.0 2.6 2.1
P/B 12-point trend, -100.8% -0.5 -0.9 -1.2 -2.3 -5.6 10.5 6.5 6.1 8.1 11.0 15.9 64.3
P / Cash Flow 12-point trend, -135.2% -4.9 20.0 29.7 -7.3 -6.7 -5.0 10.6 8.2 8.3 9.9 14.5 14.0
P / FCF 12-point trend, -108.3% -2.8 -103.9 -53.6 -5.9 -5.9 -4.6 13.2 13.5 15.6 18.6 31.7 33.8
EV / EBITDA 12-point trend, -29.9% 13.9 20.1 124.2 -22.9 -9.8 -7.1 13.4 10.2 11.5 14.4 15.9 19.8
EV / FCF 12-point trend, -141.1% -21.4 -424.2 -187.8 -17.3 -14.0 -8.4 19.4 20.1 24.1 26.9 44.2 51.9
EV / Revenue 12-point trend, -53.3% 1.5 2.1 2.2 2.4 3.9 5.2 2.3 2.3 2.4 3.0 3.6 3.2
Dividend Yield 9-point trend, -100.0% · · · 0.00% 0.00% 1.0% 2.5% 2.6% 2.8% 2.1% 1.3% 0.88%
Earnings Yield 12-point trend, +8619.5% 98.5% -20.0% -35.4% -22.7% -34.5% -37.0% 2.5% 5.6% 4.2% 3.5% 7.0% 1.1%
Payout Ratio 9-point trend, -100.0% · · · 0.00% 0.00% -3.0% 96.8% 45.6% 62.5% 59.5% 18.1% 69.2%
Annual Payout 9-point trend, -100.0% · · · $0 $0 $39M $154M $154M $155M $144M $99M $48M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.77B$2.74B$2.64B$2.54B$1.69B
Operating Margin % 10.7%9.4%1.6%-10.3%-39.4%
Net Income $525M$-279M$-528M$-435M$-928M
Diluted EPS $1.34$-0.73$-1.56$-1.40$-2.96
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity -4.2-3.2-3.5-5.4-9.5
Current Ratio 1.11.01.31.72.0
Quick Ratio 0.90.91.11.41.7
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-192M$-14M$-31M$-346M$-469M

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Institutional owners (13F) 284 filers · $561.0M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
41 (-12 vs prior Q) 25 (-26 vs prior Q) 80 (+9 vs prior Q) 82 (+2 vs prior Q) +22.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Arini Capital Management Ltd $81,719,000 39,100,000 14.57% Shares
Discerene Group LP $77,560,801 37,110,431 13.83% Shares
EARNEST PARTNERS LLC $49,525,491 23,696,407 8.83% Shares
VANGUARD CAPITAL MANAGEMENT LLC $32,214,723 15,413,743 5.74% Shares
Apollo Management Holdings, L.P. $30,097,712 14,400,819 5.37% Shares
STATE STREET CORP $28,850,224 13,803,935 5.14% Shares
Erste Asset Management GmbH $25,154,893 11,869,429 4.48% Shares
OAK HILL ADVISORS LP $21,270,095 10,177,079 3.79% Shares
U S GLOBAL INVESTORS INC $20,661,621 9,885,943 3.68% Shares
Fundsmith LLP $18,838,806 9,013,783 3.36% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $17,837,776 8,534,821 3.18% Shares
GEODE CAPITAL MANAGEMENT, LLC $17,140,433 8,198,548 3.06% Shares
Prescott Group Capital Management, L.L.C. $15,468,882 7,401,379 2.76% Shares
NZS Capital, LLC $11,518,243 5,511,121 2.05% Shares
Saba Capital Management, L.P. $9,844,546 4,710,309 1.75% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $8,137,724 3,893,648 1.45% Shares
CIBC WORLD MARKETS CORP $7,377,355 5,424,526 1.32% Shares
VANGUARD FIDUCIARY TRUST CO $5,404,951 2,586,101 0.96% Shares
PRINCIPAL FINANCIAL GROUP INC $3,975,594 1,902,198 0.71% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,974,344 1,901,600 0.71% Call option
Connor, Clark & Lunn Investment Management Ltd. $3,442,690 1,647,220 0.61% Shares
Public Sector Pension Investment Board $2,831,963 1,355,006 0.50% Shares
CITADEL ADVISORS LLC $2,714,283 1,298,700 0.48% Call option
WHITEBOX ADVISORS LLC $2,646,732 1,266,379 0.47% Shares
ENVESTNET ASSET MANAGEMENT INC $2,535,184 1,213,007 0.45% Shares
CastleKnight Management LP $2,276,846 1,089,400 0.41% Shares
Penn Capital Management Company, LLC $2,271,193 1,086,695 0.40% Shares
Delta Investment Management, LLC $2,264,586 1,083,534 0.40% Shares
Bank of New York Mellon Corp $2,094,209 1,002,014 0.37% Shares
WHITEBOX ADVISORS LLC $2,090,000 1,000,000 0.37% Call option
MILLENNIUM MANAGEMENT LLC $2,090,000 1,000,000 0.37% Call option
RHUMBLINE ADVISERS $1,902,488 910,292 0.34% Shares
CM Management, LLC $1,881,000 900,000 0.34% Shares
FMR LLC $1,709,292 817,843 0.30% Shares
DIMENSIONAL FUND ADVISORS LP $1,524,206 729,285 0.27% Shares
BlackRock, Inc. $1,460,743 698,920 0.26% Shares
Voleon Capital Management LP $1,342,840 642,507 0.24% Shares
GOLDMAN SACHS GROUP INC $1,285,289 614,971 0.23% Shares
Legal & General Group Plc $1,253,820 599,914 0.22% Shares
AMERIPRISE FINANCIAL INC $1,230,316 588,668 0.22% Shares
ARISTEIA CAPITAL, L.L.C. $1,178,883 564,059 0.21% Shares
Point72 Asset Management, L.P. $1,081,671 517,546 0.19% Shares
Toroso Investments, LLC $1,045,156 768,497 0.19% Shares
WOLVERINE TRADING, LLC $958,272 520,800 0.17% Put option
PRUDENTIAL FINANCIAL INC $850,998 407,176 0.15% Shares
D. E. Shaw & Co., Inc. $844,778 404,200 0.15% Shares
MARINER INVESTMENT GROUP LLC $836,000 400,000 0.15% Shares
HAP Trading, LLC $833,166 263,660 0.15% Shares
RENAISSANCE TECHNOLOGIES LLC $826,595 395,500 0.15% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $814,904 389,906 0.15% Shares
BANK OF AMERICA CORP /DE/ $704,591 337,125 0.13% Shares
UBS Group AG $702,240 336,000 0.13% Put option
WOLVERINE TRADING, LLC $679,564 369,328 0.12% Shares
SIMON QUICK ADVISORS, LLC $657,422 314,556 0.12% Shares
WELLS FARGO & COMPANY/MN $611,743 292,700 0.11% Shares
ALLIANCEBERNSTEIN L.P. $532,328 367,123 0.09% Shares
Vanguard Global Advisers, LLC $520,061 248,833 0.09% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $518,320 248,000 0.09% Put option
IEQ CAPITAL, LLC $502,459 240,411 0.09% Shares
Caption Management, LLC $501,600 240,000 0.09% Put option
Squarepoint Ops LLC $492,191 235,498 0.09% Shares
Nebula Research & Development LLC $488,113 154,466 0.09% Shares
Gotham Asset Management, LLC $476,330 227,909 0.08% Shares
CITADEL ADVISORS LLC $471,817 225,750 0.08% Shares
Nuveen Asset Management, LLC $452,757 124,043 0.08% Shares
JANE STREET GROUP, LLC $416,537 199,300 0.07% Call option
MetLife Investment Management, LLC $414,620 198,383 0.07% Shares
Quadrature Capital Ltd $406,158 194,334 0.07% Shares
Louisiana State Employees Retirement System $362,197 173,300 0.06% Shares
MILLENNIUM MANAGEMENT LLC $357,480 171,043 0.06% Shares
VOYA INVESTMENT MANAGEMENT LLC $345,182 165,159 0.06% Shares
RBF Capital, LLC $334,400 160,000 0.06% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $328,136 157,003 0.06% Shares
Walleye Trading LLC $303,050 145,000 0.05% Put option
JPMORGAN CHASE & CO $299,666 141,352 0.05% Shares
CITIGROUP INC $296,197 141,721 0.05% Shares
HAP Trading, LLC $285,886 156,222 0.05% Shares
Invesco Ltd. $284,179 135,971 0.05% Shares
AXQ CAPITAL, LP $282,532 135,183 0.05% Shares
CWM, LLC $256,675 177,017 0.05% Shares
XTX Topco Ltd $246,146 117,773 0.04% Shares
BNP PARIBAS FINANCIAL MARKETS $242,030 115,804 0.04% Shares
CONNABLE OFFICE INC $233,085 111,524 0.04% Shares
Nuveen, LLC $229,649 109,880 0.04% Shares
Caption Management, LLC $227,534 108,868 0.04% Shares
YOUSIF CAPITAL MANAGEMENT, LLC $223,204 106,796 0.04% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $217,857 104,238 0.04% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $216,084 137,690 0.04% Shares
CITADEL ADVISORS LLC $212,344 101,600 0.04% Put option
Schonfeld Strategic Advisors LLC $209,936 100,449 0.04% Shares
Police & Firemen's Retirement System of New Jersey $209,899 100,430 0.04% Shares
CAPTRUST FINANCIAL ADVISORS $207,366 99,218 0.04% Shares
MERCER GLOBAL ADVISORS INC /ADV $206,433 98,772 0.04% Shares
VANGUARD GROUP INC $199,201 146,471 0.04% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $195,921 93,742 0.03% Shares
NEW YORK STATE COMMON RETIREMENT FUND $195,820 93,694 0.03% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $193,758 92,707 0.03% Shares
Skopos Labs, Inc. $191,776 132,259 0.03% Shares
MARSHALL WACE, LLP $187,906 89,907 0.03% Shares
OREGON PUBLIC EMPLOYEES RETIREMENT FUND $185,926 88,960 0.03% Shares

Company insiders 17 insiders · 11 officers · 6 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas Klein CEO, President March 13, 2015 A 286,832 0 0 $0
Carl Sparks EVP & CEO Travelocity April 28, 2014 A 274,931 0 0 $0
Richard A Simonson Executive Vice President, CFO March 13, 2015 A 103,856 0 0 $0
Alexander S Alt President & GM of SHS May 18, 2015 M 9,371 0 0 $0
Gregory T Webb Executive Vice President May 7, 2015 M 27,189 0 0 $0
Hugh W Jones Executive Vice President May 6, 2015 M 83,799 0 0 $0
Jami Cordell VP Global Accounting March 15, 2015 F 706 0 0 $0
William G Robinson Jr Executive Vice President March 13, 2015 A 43,524 0 0 $0
Rachel A Gonzalez EVP and GC March 13, 2015 A 55,339 0 0 $0
Deborah Kerr Executive Vice President March 13, 2015 A 74,974 0 0 $0
Sterling L Miller EVP,General Counsel,Secretary April 17, 2014 A 0 0 $0
Joseph Osnoss Director March 15, 2021 A 28,475 0 0 $0
George R Bravante Jr Director March 13, 2015 A 26,772 0 0 $0
Lawrence W Kellner Director March 13, 2015 A 166,772 0 0 $0
Gary M Kusin Director March 13, 2015 A 30,753 0 0 $0
Judy C Odom Director March 13, 2015 A 30,753 0 0 $0
CONSTELLATION SOFTWARE INC 10% owner Feb. 27, 2026 P 50,157,523 1 0 $12,336,254

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
CONSTELLATION SOFTWARE INC, CONSTELLATION CANADIAN HOLDINGS INC., MARK MILLER March 5, 2026 12.70% Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 37 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PSCD · Invesco Exchange-Traded Fund Trust … 0.31% 36,762 SH Aug. 8, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.22% 2,218,301 SH Aug. 8, 2026 Daily
HAPS · Harbor ETF Trust 0.13% 108,755 NS April 30, 2026 N-PORT
IJS · iShares Trust 0.09% 3,502,301 SH Aug. 8, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.09% 838,827 SH Aug. 8, 2026 Daily
EBIT · Harbor ETF Trust 0.08% 5,265 NS April 30, 2026 N-PORT
XJR · iShares Trust 0.06% 46,500 SH Aug. 8, 2026 Daily
IJR · iShares Trust 0.05% 24,032,548 SH Aug. 8, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.04% 1,378,903 SH Aug. 8, 2026 Daily
VCR · VANGUARD WORLD FUND 0.04% 1,236,967 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.04% 2,338,912 SH Aug. 8, 2026 Daily
SAA · ProShares Trust 0.03% 4,722 NS May 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.03% 213,728 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.02% 8,851,173 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.02% 332,687 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.02% 160,708 NS April 30, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.02% 1,962,088 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.02% 17,445 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 1,888,850 NS May 31, 2026 N-PORT
IWO · iShares Trust 0.01% 876,799 SH Aug. 8, 2026 Daily
TEXN · iShares Trust 0.01% 836 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.01% 4,545,139 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.01% 101,586 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.01% 13,644 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 542,832 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.01% 13,804 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 33,635 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 11,994 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 346 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 402,982 NS April 30, 2026 N-PORT
ITOT · iShares Trust 0.00% 515,593 SH Aug. 8, 2026 Daily
IWV · iShares Trust 0.00% 87,060 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 243,463 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 9,456 NS April 30, 2026 N-PORT
TILT · FlexShares Trust 0.00% 1,386 NS April 30, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 10,511,426 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 25,411 SH Aug. 8, 2026 Daily