Science Applications International Corp (SAIC) — payout ratio, three ways
Fiscal year ending 2026-01-30 · sector Technology · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 19.2% | The figure most screeners publish. |
| Operating cash flow | 11.5% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 12.1% | What is left after maintaining the business. |
Spread between highest and lowest: 8 percentage points. Same filings, different denominators.
The arithmetic
- GAAP earnings — dividends declared per share $1.48 ÷ diluted EPS $7.70
- Operating cash flow — dividends paid $70.0m ÷ operating cash flow $609.0m
- Free cash flow — dividends paid $70.0m ÷ (operating cash flow $609.0m − capex $32.0m)
Where the figures came from
- 10-K filed 2026-03-16 · accession
0001571123-26-000029
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS: declared $0.37 and paid $1.48 disagree; dividends paid imply $1.51, so paid is used
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.