Solaris Energy Infrastructure, Inc. (SEI) intrinsic value & 10-year financials
Solaris Energy Infrastructure, Inc. (SEI) has a Graham intrinsic value of $52.81 per share. At $62.74 on Oct 17, 2026, the stock trades 19% above that value. Over the last 10 fiscal years revenue grew 48.1% a year to $622.2M, with an average return on invested capital of 14.7%.
- Graham intrinsic value
- $52.81
- Share price (Oct 17, 2026)
- $62.74
- Price vs Graham value
- 19% above
- Market cap
- $1.2B
- Revenue (FY2025)
- $622.2M
- Revenue growth (10-yr CAGR)
- 48.1%
- ROIC (10-yr avg)
- 14.7%
- Free cash flow (FY2025)
- -$437.7M
SEI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $622.2M | $30.2M | — | -$437.7M | 21.8% | 18.7% |
| FY2024 | $313.1M | $15.8M | — | -$129.1M | 16.9% | 8.7% |
| FY2023 | $292.9M | $24.3M | — | $25.5M | 17.0% | 14.2% |
| FY2022 | $300.0M | $21.2M | — | -$13.4M | 13.9% | 13.2% |
| FY2021 | $159.2M | -$868.0K | — | -$3.2M | -0.2% | -0.2% |
| FY2020 | $103.0M | -$29.3M | — | $39.2M | -58.2% | -26.0% |
| FY2019 | $241.7M | $52.0M | — | $80.0M | 44.7% | 46.7% |
| FY2018 | $197.2M | $42.4M | $1.59 | -$44.7M | 50.3% | 53.0% |
| FY2017 | $67.4M | $3.6M | $0.27 | -$67.2M | 37.8% | — |
| FY2016 | $18.2M | $2.8M | — | -$6.4M | 15.8% | 4.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Solaris Energy Infrastructure, Inc. is a consistent compounder, expanding top-line revenue at 48.1% annually over the past decade.
Solaris Energy Infrastructure, Inc. returns on capital have been average, hovering around 14.7% ROIC over the decade.
Solaris Energy Infrastructure, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Solaris Energy Infrastructure, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $52.81 per share.