SBGINasdaqTelevision Broadcasting StationsFiscal year ends December 31
Sinclair, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$12.80+0.28 (+2.24%)
Close on Oct 19, 2026
- Market cap
- $923.61M
- P/E (TTM)
- 16.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Operating margin
5.5%
Net margin
-3.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.7% | -6.9% | – | – | |
| Operating income | -68.6% | -64.8% | – | – | |
| Free cash flow | +721.4% | -45.1% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -21.8% | |
| Return on assets | – | – | -1.9% | |
| Current ratio | – | – | 2.42 | |
| Debt to equity | – | – | 9.89 | |
| Net debt to EBITDA | – | – | 8.33× | |
| Interest coverage | – | – | 0.4× | |
| Capex to revenue | – | – | 2.3% | |
| Diluted shares | – | – | 69M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sinclair generated $1.65B from operations and spent $1.10B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$1.65B
Used
$1.10B
Capital expenditure$435.00M40%Dividends$330.00M30%Share buybacks$334.00M30%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.5%
×Asset turnover0.54×
×Equity multiplier11.53×
=Return on equity, FY2025-21.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.5% | 0.54× | 11.53× | -21.8% |
| FY2024 | 8.7% | 0.59× | 13.79× | 71.4% |
| FY2023 | -9.3% | 0.49× | 12.38× | -56.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$112.00M
- Cash generatingOperating cash flow above zero$189.00M
- Return on assets improvedROA up on the prior year5.1% → -1.9%
- Earnings backed by cashOperating cash flow above net income$189.00M vs -$112.00M
- Less leverageLong-term debt to assets fell69.5% → 73.3%
- Better liquidityCurrent ratio rose2.45 → 2.42
- No dilutionShare count did not rise66M → 69M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.58 → 0.54