Sabre Corporation
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
No going-concern note and no large maturities before 2029 — but an Altman Z around zero, five distress flags, negative interest coverage and the open existential question of whether the 2029/2030 wall of about $4.1 billion can be refinanced at bearable rates. If earnings grow faster than the interest burden, the mass of debt levers the market value upward; if not, a restructuring can leave shareholders almost empty-handed while the network simply keeps running. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Sabre is the opposite of an empty shell: an indispensable booking network with a genuine operating turnaround and an AI story that is more than a label. But the balance sheet tells the second half: $4.4 billion of debt at double-digit coupons, an interest burden above the entire operating income, negative equity, negative operating cash flow — and a 2025 profit that stems solely from the sale of the hotel business. The stock is the thin residual lever on a company that economically belongs five sixths to its creditors. Not investment advice.
Market position & network
One of three big global distribution systems (GDS) with a genuine network effect: 365.3 million billable bookings and 695.4 million passengers boarded in 2025, transaction-based recurring revenue, 58 percent of bookings in North America (annual report 10-K for 2025).
Operating turnaround
Operating income rose from $32.2 million (2023) to $295.5 million (2025), technology costs fell by about $240 million, and the first quarter of 2026 brought +8 percent revenue. But bookings growth stood at just 0.6 percent in 2025, and so far all of the progress flows into the interest bill.
Debt & interest burden
$4,438.8 million at par (March 31, 2026) at coupons up to 11.25 percent; net interest expense (2025: $447.8 million) has exceeded operating income in every year since 2023; about $4.1 billion come due in 2029/2030. The 10-K itself warns that operating cash flow may not suffice for principal and interest.
Equity & cash flow
Equity of minus $1,036.5 million (December 31, 2025), operating cash flow of minus $108.9 million in 2025 and minus $134.2 million in the first quarter of 2026; the 2025 group profit stems solely from the $822 million gain on the hotel business sold to TPG — a non-repeatable one-off effect.
AI story & owner signals
Real AI products (SabreMosaic, agentic interfaces, machine-learning booking systems) meet honest risk-factor warnings: third-party AI with hallucination risk, competitors could be faster. Constellation Software reported more than 5 percent in March 2026 and secured a new board seat (standstill cap: 15 percent) — while Vanguard most recently reduced its position by 17.8 percent.
Worth Noting
Unless noted otherwise, all earnings figures in the article refer to continuing operations (excluding the Hospitality Solutions business sold in July 2025, which is reported as discontinued operations).
The debt-wall chart shows par values by final maturity per the quarterly report 10-Q as of March 31, 2026; scheduled small quarterly amortizations of the term loans (0.25 percent per quarter) are not shown separately in it.
Price and valuation figures are dated July 8, 2026 (about $1.90, about 395 million shares); analyses are evergreen, daily prices are not a buy argument.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at SABR since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.8176 $ to 2.30 $ · Last price: 2.30 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Infrastructure
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Sabre Corporation SABR | 0.9 | – | 10.2 | 56.4 | – | -8.5 | 26.1 |
| Microsoft Corporation MSFT | 3,632.6 | 30.8 | 17.6 | 67.9 | 46.3 | 14.9 | -1.6 |
| Oracle Corporation ORCL | 435.3 | 24.7 | 14.8 | 64.0 | 36.2 | 17.4 | -49.5 |
| Palantir Technologies Inc. PLTR | 432.5 | 199.0 | 147.5 | 84.8 | 46.2 | 56.2 | 4.7 |
| Palo Alto Networks Inc PANW | 305.7 | 302.6 | 194.0 | 70.4 | -2.5 | 14.9 | 84.7 |
| Crowdstrike Holdings Inc CRWD | 248.2 | – | 490.1 | 75.2 | -2.2 | 21.7 | 120.6 |
| Fortinet Inc FTNT | 124.2 | 61.8 | 39.6 | 80.2 | 31.3 | 14.2 | 115.0 |
| Cloudflare Inc NET | 115.1 | – | 2,805.8 | 72.6 | -9.7 | 29.9 | 56.1 |
| Synopsys Inc SNPS | 73.0 | 77.0 | 22.3 | 82.9 | 10.4 | 15.1 | -10.4 |
| Median of companies shown | 248.2 | 69.4 | 39.6 | 72.6 | 20.8 | 15.1 | 26.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 3,373 | 460 | 243 | 0.86 | 680 | 623 | 5,725 |
| 2017 | 3,598 | 493 | 243 | 0.87 | 673 | 693 | 5,649 |
| 2018 | 3,867 | 562 | 338 | 1.22 | 723 | 967 | 5,806 |
| 2019 | 3,975 | 363 | 159 | 0.57 | 579 | 939 | 5,690 |
| 2020 | 1,334 | -988 | -1,282 | -4.42 | -773 | 278 | 6,078 |
| 2021 | 1,689 | -665 | -928 | -2.89 | -418 | -509 | 5,291 |
| 2022 | 2,537 | -261 | -435 | -1.33 | -280 | -884 | 4,963 |
| 2023 | 2,908 | 47 | -528 | -1.52 | 56 | -1,388 | 4,672 |
| 2024 | 3,030 | 286 | -279 | -0.73 | 71 | -1,619 | 4,635 |
| 2025 | 2,771 | 351 | 525 | 1.34 | -131 | -1,051 | 4,502 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.19 | – | 715 | 4.00 | -10.50 | 83 | 67 |
| 2025: Q1 | 0.08 | – | 702 | -10.30 | 5.10 | -81 | -99 |
| 2025: Q2 | -0.66 | – | 687 | -1.10 | -37.30 | -224 | -245 |
| 2025: Q3 | 1.98 | – | 715 | -6.50 | 118.70 | 37 | 17 |
| 2025: Q4 | -0.26 | – | 667 | -6.70 | -15.50 | 137 | 113 |
| 2026: Q1 | 0.02 | -73.70 | 760 | 8.30 | 1.10 | -135 | -156 |
| 2026: Q2 | -0.09 | 86.40 | 712 | 3.60 | -5.10 | 36 | 10 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.04 | -0.05 – -0.03 | 2,894 | 6.8% | 3 |
| 12/31/2027 | 0.19 | 0.13 – 0.25 | 3,014 | 620.6% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Sabre verkauft KI-fähige Produkte als dokumentierte Umsatzquelle: Das transaktionsbasierte Kerngeschäft läuft laut 10-K (Item 1) auf „machine learning based air and hotel shopping systems“, die 2024 gestartete Airline-Plattform SabreMosaic ist ausdrücklich auf einer KI-fähigen offenen Technologiestruktur gebaut, und generative-KI-Fähigkeiten (Chatbots für Airline-Kunden, agentische Schnittstellen zu externen KI-Plattformen) sind Teil des verkauften Produktportfolios. Im 10-Q zum 31.03.2026 positioniert sich Sabre selbst als „AI-native technology leader“. Nach der Vorrang-Regel gewinnt „verkauft“ vor dem ebenfalls belegten Bedroht-Element (Risk Factors warnen, Wettbewerber könnten KI schneller integrieren; genutzte Dritt-KI kann halluzinieren) — KI ist hier zuerst Produkt, dann Risiko.
View the full file — quotes, sources, reviewed filings
„In 2024, we launched SabreMosaic TM Airline Technology, a proprietary offer and order retailing platform for airlines that is designed and built on a modular, artificial intelligence („AI“)-enabled open technology structure, enabling airlines to dynamically create, sell and deliver an array of personalized content to travelers."
2024 haben wir SabreMosaic™ Airline Technology gestartet, eine proprietäre Offer-und-Order-Retailing-Plattform für Fluggesellschaften, die auf einer modularen, KI-fähigen offenen Technologiestruktur entworfen und gebaut ist und es Airlines ermöglicht, Reisenden dynamisch eine Palette personalisierter Inhalte zu erstellen, zu verkaufen und bereitzustellen.
10-K · 2026-02-18 · View SEC filing
„Additionally, we enable a variety of advanced retailing and servicing capabilities that are generative AI based, such as conversational chatbots for our airline customers and agentic interfaces that enable direct integration with external AI platforms."
Darüber hinaus ermöglichen wir eine Reihe fortgeschrittener Retailing- und Servicing-Fähigkeiten auf Basis generativer KI, etwa Konversations-Chatbots für unsere Airline-Kunden und agentische Schnittstellen, die eine direkte Integration mit externen KI-Plattformen erlauben.
10-K · 2026-02-18 · View SEC filing
„Sabre is an AI-native technology leader, backed by one of the world’s largest travel data clouds."
Sabre ist ein KI-nativer Technologieführer, gestützt auf eine der größten Reisedaten-Clouds der Welt.
10-Q · 2026-05-07 · View SEC filing
„Our competitors or other third parties may incorporate AI into their products more quickly or more successfully than we do, which could impair our ability to compete effectively and adversely affect our results of operations."
Unsere Wettbewerber oder andere Dritte könnten KI schneller oder erfolgreicher in ihre Produkte integrieren als wir, was unsere Fähigkeit, wirksam zu konkurrieren, beeinträchtigen und unsere Ertragslage negativ beeinflussen könnte.
10-K · 2026-02-18 · View SEC filing
Filings Reviewed: 10-Q 2026-05-07 · 10-Q 2025-11-05 · 10-Q 2025-08-07 · 10-Q 2025-05-07 · 10-K 2026-02-18 · 10-K 2025-02-20
Rated on July 13, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 3.0%
- More than 10% revenue growth is expected for the coming year 4.1%
- Share count grows by less than 3% a year 6.2%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -16.2%
- Gross margin at 40% or higher and without meaningful erosion 56.4%
- Goodwill from acquisitions does not grow faster than revenue 53.0%
- Net debt below twice EBITDA 11.7 x EBITDA
- Operating cash flow covers the profits of the last three years 278 m
- Return on capital at 15% or higher, or up versus two years ago 10.7%
- Insiders hold at least 10% or are net buyers 16.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
0/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -2.2%
- Exp. sales growth 3Y > 5% 4.3%
- EBIT growth 10Y > 5% -3.0%
- Exp. EBIT growth 3Y > 5% -61.9%
- Net debt < 4x EBIT 10.4x
- EBIT positive, 10Y straight 7
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% 10.7%
- Expected return > 10% -70.5%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
Sabre Corporation ist zusammen mit seinen Tochtergesellschaften ein Software- und Technologieunternehmen für die Reisebranche in den USA, Europa, im asiatisch-pazifischen Raum und international. Es bietet den Sabre-Mosaic-Marktplatz, einen B2B-Reisemarktplatz, der Reiselösungen bereitstellt…
- Employees
- 4,650
- Headquarters
- Southlake, TX
- Address
- 3150 Sabre Drive, 76092 Southlake, United States
- Phone
- 682 605 1000
- Website
- sabre.com
- IPO Date
- 04/17/2014
- ISIN
- US78573M1045
Management
| Name | Title | Birth Year |
|---|---|---|
| Kurt J. Ekert | CEO, President & Director | 1971 |
| Michael O. Randolfi CPA | Executive VP & CFO | 1973 |
| Jennifer Catto | Executive VP & Chief Marketing Officer | 1976 |
| Roshan Chanaka Mendis | Executive VP & Chief Commercial Officer - Travel Solutions | 1973 |
| Garry R. Wiseman | Executive VP and Chief Product & Technology Officer - Travel Solutions | 1977 |
| Scott Hortenstine | VP of Global Accounting, Principal Accounting Officer, VP & Controller | – |
| Joseph DiFonzo | Executive VP & Chief Information Officer | 1966 |
| Shawn G. Williams | Executive VP & Chief Administrative Officer | 1974 |
| James F. Mathias | Vice President of Investor Relations | – |
| Rochelle J. Boas | Executive VP & Chief Legal Officer | 1974 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/15/2026 Sabre Corp (SABR): Other Events; Financial Statements and Exhibits SEC ↗
- 08/07/2026 Sabre Corp (SABR): Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Financial Statements and Exhibits SEC ↗
- 08/06/2026 Sabre Corp (SABR): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.