Start here if you're new
what it is
Sabre sells the software and booking plumbing that helps airlines, hotels, and travel agencies move your trip from search to purchase.
how it gets paid
Last year Sabre made $2.8B in revenue.
why it's growing
Revenue grew 1.0% last year. Quarterly revenue was about $666.5 million, up 3.4% vs. prior year, based on the Q4 2025 earnings call transcript.
what just happened
Latest quarter EPS came in at -$0.01 versus a $0.05 estimate, even as revenue jumped.
At a glance
C++ balance sheet — some cracks in the foundation
20/100 earnings predictability — expect surprises
5.1x trailing p/e — the market's not buying it — or you found a deal
12.0% return on capital — nothing to write home about
$0.25 fy2026 eps est
xvary composite: 20/100 — weak
What they do
Sabre sells the software and booking plumbing that helps airlines, hotels, and travel agencies move your trip from search to purchase.
Travel Solutions were 91% of 2024 sales, and the distribution segment alone is about 80% of the business. Distribution → the booking pipes between airlines and travel agents → so what: when your agency workflow runs through Sabre, ripping it out is painful. That stickiness is why a company with just $2.8 billion in annual revenue still sits in the middle of global travel transactions.
How they make money
$2.8B
annual revenue · their business grew +1.0% last year
total revenue
$2.8B
+1.0%
The products that matter
travel distribution infrastructure
distribution
about 80% of business
this is the center of gravity. management's recovery case leans on higher booking volumes and better pricing here. if SABR works, this is why.
core segment
airline and hotel software systems
it solutions
about 20% of business
this is the smaller segment, but it still matters. when one-fifth of the company stays sluggish, the other four-fifths has to do all the lifting.
mix drag
Key numbers
+212%
target gap
The $4 18-month target sits 212% above the $1.28 share price. Deadpan fact: even the 3-5 year low target is $2, which is still above the stock.
12.0%
return on capital
Return on capital → profit generated from the money already invested → so what: 12.0% is decent, but not elite enough to forgive a weak balance sheet.
10.7%
operating margin
Operating margin → profit after running the business, before interest and taxes → so what: Sabre has a real business, but debt can still eat the win.
1.95
beta
Beta → how violently a stock moves versus the market → so what: at 1.95, you are not buying calm. You are buying mood swings.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- net profit margin 4.4% — keeps 4 cents of every dollar in revenue
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
You invested $10,000 in SABR 3 years ago → it's now worth $1,890.
The index would have given you $14,770.
source: institutional data · total return
What just happened
missed estimates
Latest quarter EPS came in at -$0.01 versus a $0.05 estimate, even as revenue jumped.
Quarterly revenue was about $666.5 million, up 3.4% vs. prior year, based on the Q4 2025 earnings call transcript. But the last reported EPS still missed consensus, which tells you the turnaround is showing up in sales before profits.
$666.5M
revenue
$0.01
eps
n/a
n/a
the number that mattered
The key number was -$0.01 EPS, because Sabre is still being judged on whether it can cross from almost-profitable to actually profitable.
-
meanwhile, the bottom line likely remained in the loss column through the end of the year.
-
we continue to look for improvement in 2026.
-
sabre operates in two main business areas.
-
at the distribution segment (accounts for about 80% of the business), revenues should benefit this year from higher transaction volumes and better pricing for airfares and hotels.we are assuming a relatively strong economy, and increased spending on business and recreational travel.
-
at the it solutions segment (the remaining 20% of the business) revenues may remain sluggish for a while longer.
source: company earnings report, 2026
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What could go wrong
SABR does not have the luxury of one clean risk at a time. the pressure points stack: litigation, refinancing, and a core business growing only +1.0%.
med
american airlines antitrust case
american airlines won a favorable antitrust verdict against SABR in may 2022. this is not abstract legal boilerplate. it is a live overhang on a company with only about a $500M market cap.
if the case turns worse for SABR, the legal bill and strategic distraction land on a balance sheet that already looks stretched.
med
debt refinancing risk
SABR plans to refinance up to $1.35B of 2027 and 2028 debt maturities. that is a large number next to a $1.28 stock and a C++ balance sheet.
if refinancing comes at punitive terms, interest expense eats into any operating improvement you were counting on.
med
growth that stays too low
distribution is about 80% of the business. it solutions is about 20% and still looks sluggish. with total revenue up only +1.0%, there is no spare engine on the page.
if the core segment does not accelerate, the stock keeps screening as optically cheap while the thesis stays unfinished.
an adverse legal path plus expensive refinancing would hit a company the market values at only about $500M. that is why SABR looks cheap and dangerous at the same time.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
revenue growth above the current +1.0% pace
here's the thing: +1.0% growth can keep the lights on, but it does not clean up the whole story. you want proof the core business is doing more than stabilizing.
risk
american airlines antitrust case
this is still the headline legal risk. with a roughly $500M market cap, SABR does not have the balance-sheet room for investors to shrug it off.
calendar
$1.35B debt refinancing timeline
2027 and 2028 sound far away until lenders start naming the price. each financing update tells you how expensive survival will be.
trend
distribution carrying the mix
about 80% of the business is distribution and about 20% is it solutions. if the smaller segment stays soft, the bigger one has to carry both growth and sentiment.
Analyst rankings
risk profile
high risk
stability score 5 — in human-speak, this stock has almost no shock absorber.
earnings predictability
20 / 100
earnings can swing fast, which is the last thing you want when the capital structure already needs clean execution.
source: institutional data
Institutional activity
97 buyers vs. 140 sellers in 3q2025. total institutional holdings: 0.3B shares.
source: institutional data
Price targets
3-5 year target range
$1
$6
$1
current price
$4
target midpoint · +212% from current · 3-5yr high: $4 (+215% · 33% ann'l return)
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