Is SentinelOne Stock Undervalued?
Cybersecurity major SentinelOne (NYSE:S) has struggled over several years, delivering…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $6.7B | $12.3B | $14.4B | $11.9B | $10.2B | |
| Revenue Growth (YoY) | -40.57% | 84.41% | 17.28% | -17.29% | -14.71% | |
| Cost of Revenues | $6.9B | $10B | $12.2B | $10B | $9.2B | |
| Gross Profit | -$196M | $2.3B | $2.2B | $1.9B | $935M | |
| Gross Profit Margin | -2.94% | 18.95% | 15.26% | 16.35% | 9.19% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $1.2B | $1.2B | $1.3B | $852M | $783M | |
| Other Inc / (Exp) | -$1.5B | $245M | -$355M | -$1.9B | -$416M | |
| Operating Expenses | $1.2B | $1.2B | $1.3B | $852M | $783M | |
| Operating Income | -$1.4B | $1.1B | $950M | $1.1B | $152M | |
| Net Interest Expenses | $688M | $666M | $568M | $554M | $523M | |
| EBT. Incl. Unusual Items | -$2.6B | -$578M | $9M | -$922M | -$567M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$116M | -$78M | $34M | $90M | -$25M | |
| Net Income to Company | -$2.5B | -$500M | -$25M | -$1B | -$542M | |
| Minority Interest in Earnings | -$848M | $104M | $154M | -$342M | -$106M | |
| Net Income to Common Excl Extra Items | -$2.5B | -$500M | -$25M | -$1B | -$542M | |
| Basic EPS (Cont. Ops) | -$7.33 | -$2.32 | -$0.57 | -$1.75 | -$0.94 | |
| Diluted EPS (Cont. Ops) | -$7.33 | -$2.32 | -$0.57 | -$1.75 | -$0.94 | |
| Weighted Average Basic Share | $221M | $260M | $316M | $382M | $466M | |
| Weighted Average Diluted Share | $221M | $260M | $316M | $382M | $466M | |
| EBITDA | -$937M | $1.6B | $1.5B | $1.6B | $663M | |
| EBIT | -$1.4B | $1.1B | $950M | $1.1B | $152M | |
| Revenue (Reported) | $6.7B | $12.3B | $14.4B | $11.9B | $10.2B | |
| Operating Income (Reported) | -$1.4B | $1.1B | $950M | $1.1B | $152M | |
| Operating Income (Adjusted) | -$1.4B | $1.1B | $950M | $1.1B | $152M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | $3.5B | $3.1B | $2.7B | $2.6B | |
| Revenue Growth (YoY) | 108.88% | 32.67% | -10.22% | -12.99% | -2.4% | |
| Cost of Revenues | $2.4B | $3.2B | $2.6B | $2.4B | $1.8B | |
| Gross Profit | $199M | $305M | $462M | $330M | $806M | |
| Gross Profit Margin | 7.62% | 8.81% | 14.86% | 12.2% | 30.52% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $317M | $305M | $209M | $202M | $218M | |
| Other Inc / (Exp) | -$211M | -$215M | -$349M | $249M | -- | |
| Operating Expenses | $317M | $305M | $209M | $202M | $218M | |
| Operating Income | -$118M | -- | $253M | $128M | $588M | |
| Net Interest Expenses | $158M | $139M | $148M | $130M | $122M | |
| EBT. Incl. Unusual Items | -$230M | -$222M | $66M | $67M | $538M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$19M | -$7M | $96M | -$13M | $127M | |
| Net Income to Company | -$211M | -$215M | -$30M | $80M | $411M | |
| Minority Interest in Earnings | -$66M | -$94M | -$24M | $58M | $130M | |
| Net Income to Common Excl Extra Items | -$211M | -$215M | -$30M | $80M | $411M | |
| Basic EPS (Cont. Ops) | -$0.55 | -$0.37 | -$0.02 | $0.05 | $0.49 | |
| Diluted EPS (Cont. Ops) | -$0.55 | -$0.37 | -$0.02 | $0.05 | $0.49 | |
| Weighted Average Basic Share | $266M | $324M | $394M | $477M | $575M | |
| Weighted Average Diluted Share | $266M | $324M | $394M | $477M | $575M | |
| EBITDA | $8M | $131M | $386M | $254M | $746M | |
| EBIT | -$118M | -- | $253M | $128M | $588M | |
| Revenue (Reported) | $2.6B | $3.5B | $3.1B | $2.7B | $2.6B | |
| Operating Income (Reported) | -$118M | -- | $253M | $128M | $588M | |
| Operating Income (Adjusted) | -$118M | -- | $253M | $128M | $588M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $13.6B | $13.6B | $12.4B | $10.5B | $9.7B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $9.1B | $11.8B | $10.5B | $9.3B | $8.6B | |
| Gross Profit | $4.5B | $1.8B | $1.9B | $1.2B | $1B | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $1.2B | $1.2B | $982M | $777M | $831M | |
| Other Inc / (Exp) | $1.6B | -$545M | -$2.1B | -$670M | -- | |
| Operating Expenses | $1.2B | $1.2B | $982M | $776M | $831M | |
| Operating Income | $3.2B | $604M | $890M | $420M | $202M | |
| Net Interest Expenses | $682M | $579M | $570M | $522M | $508M | |
| EBT. Incl. Unusual Items | $759M | -$485M | -$1.2B | -$631M | -$495M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $59M | -$42M | $23M | $6M | -$15M | |
| Net Income to Company | $700M | -$443M | -$1.2B | -$637M | -$480M | |
| Minority Interest in Earnings | $677M | -$30M | -$430M | -$161M | -$89M | |
| Net Income to Common Excl Extra Items | $700M | -$443M | -$1.2B | -$637M | -$480M | |
| Basic EPS (Cont. Ops) | $0.19 | -$1.43 | -$2.22 | -$1.09 | -$0.79 | |
| Diluted EPS (Cont. Ops) | $0.18 | -$1.44 | -$2.22 | -$1.09 | -$0.79 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $3.7B | $1.1B | $1.4B | $936M | $739M | |
| EBIT | $3.2B | $604M | $890M | $420M | $202M | |
| Revenue (Reported) | $13.6B | $13.6B | $12.4B | $10.5B | $9.7B | |
| Operating Income (Reported) | $3.2B | $604M | $890M | $420M | $202M | |
| Operating Income (Adjusted) | $3.2B | $604M | $890M | $420M | $202M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $9.7B | $11B | $9B | $7.6B | $7.1B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $7.2B | $9.1B | $7.5B | $6.9B | $6.3B | |
| Gross Profit | $2.4B | $1.9B | $1.5B | $717M | $816M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $937M | $921M | $653M | $578M | $626M | |
| Other Inc / (Exp) | $950M | $160M | -$1.6B | -$359M | -$433M | |
| Operating Expenses | $937M | $921M | $653M | $577M | $626M | |
| Operating Income | $1.5B | $1B | $816M | $140M | $190M | |
| Net Interest Expenses | $511M | $424M | $426M | $394M | $379M | |
| EBT. Incl. Unusual Items | $383M | $476M | -$725M | -$434M | -$362M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $57M | $93M | $82M | -$2M | $8M | |
| Net Income to Company | $326M | $383M | -$807M | -$432M | -$370M | |
| Minority Interest in Earnings | $446M | $312M | -$272M | -$92M | -$75M | |
| Net Income to Common Excl Extra Items | $326M | $383M | -$807M | -$432M | -$370M | |
| Basic EPS (Cont. Ops) | -$0.42 | $0.30 | -$1.48 | -$0.76 | -$0.60 | |
| Diluted EPS (Cont. Ops) | -$0.43 | $0.28 | -$1.48 | -$0.76 | -$0.60 | |
| Weighted Average Basic Share | $759M | $924M | $1.1B | $1.4B | $1.6B | |
| Weighted Average Diluted Share | $762M | $929M | $1.1B | $1.4B | $1.6B | |
| EBITDA | $1.9B | $1.4B | $1.2B | $522M | $598M | |
| EBIT | $1.5B | $1B | $816M | $140M | $190M | |
| Revenue (Reported) | $9.7B | $11B | $9B | $7.6B | $7.1B | |
| Operating Income (Reported) | $1.5B | $1B | $816M | $140M | $190M | |
| Operating Income (Adjusted) | $1.5B | $1B | $816M | $140M | $190M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $12.2B | $4.4B | $4.9B | $5.9B | $5.2B | |
| Short Term Investments | $8.9B | $9.2B | $6.8B | $3B | $2.3B | |
| Accounts Receivable, Net | $502M | $546M | $606M | $485M | $479M | |
| Inventory | $1.6B | $1.5B | $1.5B | $1B | $897M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $17.7B | $12B | $14.1B | $11.8B | $8.2B | |
| Property Plant And Equipment | $4.8B | $4.6B | $4.5B | $4.5B | $4.4B | |
| Long-Term Investments | $785M | $9.8B | $7.6B | $3.1B | $2.3B | |
| Goodwill | $294M | $290M | $288M | $288M | $288M | |
| Other Intangibles | $660M | $595M | $533M | $466M | $409M | |
| Other Long-Term Assets | $1.3B | $1B | $1.2B | $1B | $976M | |
| Total Assets | $25B | $27.7B | $27.9B | $20.9B | $16.3B | |
| Accounts Payable | $738M | $805M | $870M | $830M | $802M | |
| Accrued Expenses | $1.6B | $1.8B | $2B | $1.6B | $1.5B | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $4.9B | $8B | $8.5B | $5.4B | $2.4B | |
| Long-Term Debt | $8.6B | $7.9B | $7.4B | $6.9B | $7.1B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $15.7B | $18.4B | $18.4B | $14.8B | $11.7B | |
| Common Stock | $4.3B | $4.4B | $4.7B | $4B | $3.3B | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $4.2B | $4.3B | $4.6B | $4B | $3.2B | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $5B | $5B | $4.9B | $2.1B | $1.4B | |
| Total Equity | $9.3B | $9.3B | $9.6B | $6.1B | $4.6B | |
| Total Liabilities and Equity | $25B | $27.7B | $27.9B | $20.9B | $16.3B | |
| Cash and Short Terms | $12.2B | $4.4B | $4.9B | $5.9B | $5.2B | |
| Total Debt | $8.6B | $8B | $7.4B | $7.6B | $7.2B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $3.7B | $7.2B | $6.1B | $4.7B | $4B | |
| Short Term Investments | $9.9B | $4.9B | $3.3B | $2.6B | -- | |
| Accounts Receivable, Net | $598M | $610M | $517M | $476M | $418M | |
| Inventory | $1.6B | $1.7B | $1.1B | $883M | $892M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $11B | $15.2B | $12.4B | $9.1B | $7.1B | |
| Property Plant And Equipment | $4.7B | $4.5B | $4.4B | $4.4B | $4.2B | |
| Long-Term Investments | $10.7B | $6.4B | $3.5B | $2.6B | $2.2B | |
| Goodwill | $294M | $286M | $288M | $289M | -- | |
| Other Intangibles | $613M | $547M | $487M | $423M | -- | |
| Other Long-Term Assets | $1.2B | $1B | $997M | $994M | -- | |
| Total Assets | $28B | $27.5B | $21.8B | $17.4B | $14.8B | |
| Accounts Payable | $829M | $1B | $819M | $679M | $673M | |
| Accrued Expenses | $1.8B | $2B | $1.9B | $1.7B | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $7.4B | $7.5B | $5B | $3.5B | $2.1B | |
| Long-Term Debt | $8.2B | $7.6B | $7.6B | $7B | $7.2B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $18B | $17.7B | $15.1B | $12.6B | $11.4B | |
| Common Stock | $4.7B | $4.7B | $4.3B | $3.5B | $2.8B | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $5.3B | $5.1B | $2.4B | $1.4B | $684M | |
| Total Equity | $10B | $9.9B | $6.6B | $4.8B | $3.4B | |
| Total Liabilities and Equity | $27.9B | $27.5B | $21.8B | $17.4B | $14.8B | |
| Cash and Short Terms | $3.7B | $7.2B | $6.1B | $4.7B | $4B | |
| Total Debt | $8.2B | $7.6B | $7.6B | $7B | $7.2B | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$2.5B | -$500M | -$25M | -$1B | -$542M | |
| Depreciation & Amoritzation | $510M | $517M | $509M | $518M | $511M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | $28M | -$110M | -$110M | $85M | $15M | |
| Change in Inventories | $147M | -$83M | -$180M | $27M | $133M | |
| Cash From Operations | -$416M | $321M | $1.1B | $3.7B | $832M | |
| Capital Expenditures | $199M | $305M | $338M | $303M | $280M | |
| Cash Acquisitions | $8M | $25M | $23M | $2.2B | $526M | |
| Cash From Investing | -$568M | $602M | -$274M | -$2.3B | -$738M | |
| Dividends Paid (Ex Special Dividend) | $526M | $134M | $226M | $307M | $391M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $2.8B | $2.4B | $115M | $1.4B | $1.6B | |
| Long-Term Debt Repaid | -$3B | -$2.8B | -$716M | -$1.3B | -$2B | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $55M | $798M | $483M | -$2.2B | -$534M | |
| Cash From Financing | -$666M | $219M | -$330M | -$344M | -$800M | |
| Beginning Cash (CF) | $3.3B | $4.3B | $3.9B | $4.9B | $4.3B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$1.7B | $1.1B | $450M | $1.1B | -$707M | |
| Ending Cash (CF) | $1.6B | $5.5B | $4.3B | $5.9B | $3.6B | |
| Levered Free Cash Flow | -$615M | $16M | $717M | $3.4B | $552M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$211M | -$215M | -$30M | $80M | $411M | |
| Depreciation & Amoritzation | $126M | $131M | $133M | $126M | $158M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $430M | $711M | $1.6B | -$54M | $15M | |
| Capital Expenditures | $81M | $100M | $70M | $58M | $82M | |
| Cash Acquisitions | -- | $14M | $571M | $506M | $310M | |
| Cash From Investing | -$10M | -$121M | -$496M | -$565M | -$343M | |
| Dividends Paid (Ex Special Dividend) | $35M | $60M | $39M | $113M | $79M | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $151M | $25M | $4M | $5M | -- | |
| Long-Term Debt Repaid | -$506M | -$33M | -$15M | -$173M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $216M | -$2M | -$643M | -$534M | -- | |
| Cash From Financing | -$190M | -$51M | -$122M | -$309M | -$121M | |
| Beginning Cash (CF) | $3.7B | $7.2B | $4.9B | $3.9B | $3.6B | |
| Foreign Exchange Rate Adjustment | -$1M | $2M | -- | $2M | -$2M | |
| Additions / Reductions | $229M | $541M | $1B | -$926M | -$451M | |
| Ending Cash (CF) | $3.9B | $7.8B | $6B | $3B | $3.1B | |
| Levered Free Cash Flow | $349M | $611M | $1.6B | -$112M | -$67M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $700M | -$443M | -$1.2B | -$637M | -$480M | |
| Depreciation & Amoritzation | $516M | $512M | $513M | $516M | $537M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$1.1B | $3.6B | $1.3B | $703M | $352M | |
| Capital Expenditures | $283M | $320M | $285M | $294M | $354M | |
| Cash Acquisitions | $26M | $14M | $2B | $699M | $539M | |
| Cash From Investing | $264M | $135M | -$2.2B | -$953M | -$865M | |
| Dividends Paid (Ex Special Dividend) | $125M | $204M | $258M | $433M | $304M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $2.6B | $140M | $60M | $2.1B | -- | |
| Long-Term Debt Repaid | -$3.1B | -$723M | -$124M | -$2.7B | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $600M | $567M | -$1.9B | -$602M | -- | |
| Cash From Financing | -$49M | -$218M | -$222M | -$1.1B | -$192M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$857M | $3.5B | -$1.1B | -$1.4B | -$709M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$1.4B | $3.3B | $1.1B | $409M | -$2M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $326M | $383M | -$807M | -$432M | -$370M | |
| Depreciation & Amoritzation | $385M | $380M | $384M | $382M | $408M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $66M | $3.3B | $3.6B | $588M | $108M | |
| Capital Expenditures | $239M | $254M | $201M | $192M | $266M | |
| Cash Acquisitions | $20M | $14M | $2B | $513M | $526M | |
| Cash From Investing | $282M | -$185M | -$2.1B | -$736M | -$863M | |
| Dividends Paid (Ex Special Dividend) | $92M | $162M | $194M | $320M | $233M | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $2.3B | $91M | $36M | $788M | $12M | |
| Long-Term Debt Repaid | -$2.7B | -$655M | -$63M | -$1.5B | -$119M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $554M | $323M | -$2.1B | -$506M | -$289M | |
| Cash From Financing | $48M | -$389M | -$281M | -$1.1B | -$455M | |
| Beginning Cash (CF) | $10.2B | $19.8B | $14.2B | $12.2B | $11.3B | |
| Foreign Exchange Rate Adjustment | $5M | $8M | -- | $2M | -$4M | |
| Additions / Reductions | $401M | $2.8B | $1.2B | -$1.2B | -$1.2B | |
| Ending Cash (CF) | $10.6B | $22.6B | $15.4B | $11B | $10.1B | |
| Levered Free Cash Flow | -$173M | $3.1B | $3.4B | $396M | -$158M | |
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