Does Science Applications International Corporation have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores Science Applications International Corporation (SAIC) 45.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 23, returns on capital 52, balance-sheet safety 40, capital discipline 73.

Is SAIC stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $146.45 per share versus a recent price of $115.51 — 21% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SAIC's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 45.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Science Applications International Corporation

SAIC · Technology · $5.1B mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power23

Median gross margin 11.4% over 10y, stable.

Returns on capital52

Median ROIC 11.4%, above the 9% hurdle in 70% of years.

Balance-sheet safety40

Net debt/EBITDA 4.2x, no material interest expense disclosed.

Capital discipline73

Owner earnings +10.1%/yr, share count flat.

Margin of safety

Above valueOn sale

21% below value

Owner earnings (normalized): $358.0M
Est. intrinsic value / share: $146.45
Recent price: $115.51
Discount to value: 21% below value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

16 years of fundamentals

The business, in plain English

Science Applications International Corporation booked $7.3B of revenue in FY2026 in the Technology sector and kept 12.0% of it as gross profit — a thin-margin business by that measure. After every other cost, 4.9% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $4.7B (FY2012) to $7.3B (FY2026) — about 3.1% a year compounded over 14 years.

It earned 12.7% on invested capital in FY2026, with a median of 12.7% across 15 filed years. The Returns on Capital filter above scores it 52/100.

The balance sheet carried $2.5B of total debt in FY2026 against $358.0M of owner earnings — roughly 6.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 40/100.

The share count fell 10.2% between FY2014 and FY2026 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 73/100.

Put together: Capital Discipline is the strongest of the four filters (73/100) and Pricing Power the weakest (23/100), which is how SAIC lands at 45/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$7.3B FY2026

Gross marginRevenue kept after cost of goods12.0% FY2026

Return on invested capitalOperating profit on the capital employed12.7% FY2026

Owner earningsCash an owner could take out$358.0M FY2026

Gaps in a line mean that item isn’t in SAIC’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale45.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — SAIC has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#240 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#238INUV Inuvo, Inc.45.4 out of 100, Shallow moatShallow moat
#239VRNS VARONIS SYSTEMS, INC.45.4 out of 100, Shallow moatShallow moat
#241BB BlackBerry Limited45.2 out of 100, Shallow moatShallow moat
#242CERT Certara, Inc.45.2 out of 100, Shallow moatShallow moat

Compare SAIC with its nearest peers →All Technology companies on the Index →

Common questions about SAIC

Does Science Applications International Corporation have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores Science Applications International Corporation (SAIC) 45.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 23, returns on capital 52, balance-sheet safety 40, capital discipline 73.
Is SAIC stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $146.45 per share versus a recent price of $115.51 — 21% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SAIC's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 45.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows SAIC’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/SAIC"
  width="340" height="150" style="border:0"
  title="SAIC Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SAIC. See the disclaimer.