SBGI

MKT CAP:$1B

Sinclair, Inc.

Market Cap

$1B

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$17.09+$1.87 (+12.25%)

Apr 20, 2026

Company Details

Sinclair, Inc. owns and operates as a broadcast television company. The Company engages consumers on multiple platforms with relevant and compelling news, entertainment, and sports content, as well as provides advertisers and businesses eff...

CEO

Christopher S. Ripley

IPO Date

Jun 7, 1995

Website

sbgi.net

Key Metrics TTM

Revenue

$3.9B

— YoY

Net Income

$2.4B

EPS (Diluted)

$33.45

Free Cash Flow

$269M

Revenue / Share

$58.23

Gross Margin

43.5%

Operating Margin

86.5%

Net Margin

62.4%

FCF Margin

6.9%

P/S

0.3x

P/E

0.4x

Earnings Reports

Q1 2025

Apr 30, 2026

PENDING

Q4 2024

Feb 26, 2025

$1.0B+21.5%EPS $2.62

Q1 2024

May 10, 2024

$798MEPS $0.36

Q4 2023

Feb 29, 2024

$826MEPS -$5.37

Q1 2022

May 10, 2022

$1.3BEPS $35.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$734M	$426M	$358M
Q3 21	$1.5B	$480M	$73M
Q1 22	$1.3B	$492M	$3.5B
Q4 23	$826M	$377M	-$386M
Q1 24	$798M	$296M	$42M
Q4 24	$1.0B	$537M	$266M

Valuation

Quarter	P/S	P/E
Q4 17	—	—
Q3 21	—	—
Q1 22	—	—
Q4 23	0.2x	0.3x
Q1 24	0.2x	0.4x
Q4 24	0.3x	0.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$153M	$124M
Q3 21	$247M	$223M
Q1 22	$70M	$49M
Q4 23	$92M	$70M
Q1 24	-$4M	-$25M
Q4 24	$198M	$175M

Capital Expenditures

Quarter	CapEx
Q4 17	$28M
Q3 21	$24M
Q1 22	$21M
Q4 23	$22M
Q1 24	$21M
Q4 24	$23M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+8.7%	+100.8%
Q4 24	-34.6%	-49.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$3M	0.4%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q4 23	$3M	0.4%
Q1 24	$27M	3.4%
Q4 24	$6M	0.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 17	$5M	$69M	$148M
Q3 21	—	$35M	$228M
Q1 22	—	$47M	$220M
Q4 23	—	$1.3B	—
Q1 24	—	$58M	$196M
Q4 24	—	$239M	—

Revenue Segments

Quarter	Broadcast	Other Segments	Media	Non-Media	Broadcast Segment	Local Sports Segment
Q4 17	$669M	$65M	—	—	—	—
Q3 21	—	—	$1.5B	$9M	—	—
Q1 22	—	$134M	—	—	$721M	$482M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$521M	$0	$521M
Q2 22	$420M	$0	$420M
Q3 22	$607M	$0	$607M
Q4 22	$884M	$0	$884M
Q1 23	$623M	$0	$623M
Q2 23	$728M	$0	$728M
Q3 23	$643M	$0	$643M
Q4 23	$662M	$0	$662M
Q1 24	$655M	$0	$655M
Q2 24	$378M	$0	$378M
Q3 24	$536M	$0	$536M
Q4 24	$697M	$0	$697M
Q1 25	$631M	$0	$631M
Q2 25	$616M	$0	$616M
Q3 25	$526M	$0	$526M
Q4 25	$866M	$0	$866M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	103M	—	—
Q3 21	76M	-26.4%	—
Q1 22	72M	-4.4%	—
Q4 23	64M	-12.0%	—
Q1 24	64M	+1.4%	-37.2%
Q4 24	67M	+4.4%	-10.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	—	—
Q3 21	—	—
Q1 22	—	—
Q4 23	$113.2K	7K
Q1 24	$109.3K	7K
Q4 24	$139.4K	7K

Revenue / Employee