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SBGI · CIK 0001971213

Sinclair, Inc.

Annual figures as reported, FY2020–FY2025. Ratios and growth rates derived on-page.

SBGI logo
Television Broadcasting Stations
Company profile
Nasdaq · SBGIHQ Hunt Valley, MDIncorporated in MDFiscal year ends Dec 31Accelerated filer
Revenue
$3.2B
▼ −10.7% vs FY2024
Net income
−$112.0M
▼ −136.1% vs FY2024
Free cash flow
$115.0M
▲ +721.4% vs FY2024
Diluted EPS
−$1.61
▼ −134.3% vs FY2024

Revenue

Annual, as reported

02B4B6B’21’22’23’24’25$3.2B

Net income

Losses shown in terracotta

01B2B’21’22’23’24’25−$112.0M

Recent quarters

momentum · last 12 quarters
Revenue — Mar ’26 quarter
$807.0M
▲ +4.0% vs Mar ’25
Net income — Mar ’26 quarter
$20.0M
▲ +112.8% vs Mar ’25
Revenue — trailing 12 months
$3.2B
▼ −9.2% vs Mar ’25
Diluted EPS — trailing 12 months
$0.97
▼ −52.5% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

0500M1BJun ’23Dec ’23Jun ’24Dec ’24Jun ’25Dec ’25Mar ’26$807.0M

Quarterly net income

Losses shown in terracotta

−200M0Jun ’23Dec ’23Jun ’24Dec ’24Jun ’25Dec ’25Mar ’26$20.0M
QuarterRevenueRev. YoYGross marginNet incomeNet marginDiluted EPS
Mar ’26$807.0M4.0%—$20.0M2.5%$0.28
Dec ’25$836.0M−16.7%—$109.0M13.0%$1.62
Sep ’25$773.0M−15.7%—−$1.0M−0.1%−$0.02
Jun ’25$784.0M−5.4%—−$64.0M−8.2%−$0.91
Mar ’25$776.0M−2.8%—−$156.0M−20.1%−$2.30
Dec ’24$1.0B21.5%—$176.0M17.5%$2.64
Sep ’24$917.0M19.6%—$94.0M10.3%$1.43
Jun ’24$829.0M7.9%—$17.0M2.1%$0.27

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

0%50%100%’21’22’23’24’25
Operating marginNet margin

Returns on capital

Net income vs year-end equity and assets

0%200%’22’23’24’25
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

0200M400M600M’21’22’23’24’25$115.0M

Operating cash flow

Net cash from operations

0200M400M600M’21’22’23’24’25$189.0M

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

0100M200M’21’22’23’24’25
Dividends paidBuybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

020M40M60M’21’22’23’24’2569M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

−1B0’20’21’22’23’24’25$443.0M

Net debt

Long-term debt less cash — negative means net cash

01B2B3B’23’24’25$3.5B

Growth rates

compounding, annualized
Revenue CAGR
−6.9%
3y
Free cash flow CAGR
−45.1%
3y

Key ratios

derived per fiscal year
Fiscal yearOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY20255.5%−3.5%3.6%−25.3%−1.9%2.42×9.82×
FY202415.5%8.7%0.4%53.2%5.3%2.45×7.01×
FY2023−10.6%−9.3%4.6%−102.1%−4.8%1.34×14.55×
FY2022101.3%67.5%17.7%354.5%39.6%2.77×—
FY20211.5%−6.7%4.0%————
FY2020———————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2025$3.2B—$173.0M−$112.0M−$1.61$189.0M$74.0M$5.9B$5.6B$443.0M$866.0M$4.3B
FY2024$3.5B—$551.0M$310.0M$4.69$98.0M$84.0M$5.9B$5.4B$583.0M$697.0M$4.1B
FY2023$3.1B—−$331.0M−$291.0M−$4.46$235.0M$92.0M$6.1B$5.9B$285.0M$662.0M$4.1B
FY2022$3.9B—$4.0B$2.7B$37.54$799.0M$105.0M$6.7B$5.8B$748.0M$884.0M—
FY2021$6.1B—$95.0M−$414.0M−$5.51$327.0M$80.0M——−$1.7B$819.0M—
FY2020—————————−$1.2B$1.3B—

Latest filings

the most recent regulatory filings
4PRIMARY DOCUMENT2026-06-26 ↗11-KEmployee stock plan report2026-06-25 ↗144Notice of proposed insider sale2026-06-25 ↗4PRIMARY DOCUMENT2026-06-10 ↗4PRIMARY DOCUMENT2026-06-08 ↗4PRIMARY DOCUMENT2026-06-08 ↗4PRIMARY DOCUMENT2026-06-08 ↗4PRIMARY DOCUMENT2026-06-08 ↗4PRIMARY DOCUMENT2026-06-08 ↗8-KCurrent report — material event2026-06-05 ↗

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