SBGI (Sinclair, Inc.) Stock Financials & Earnings | Market Cap Arena

SBGI (Sinclair, Inc.) Stock Financials & Earnings | Market Cap Arena

SBGISinclair, Inc.

Mkt Cap$1B

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Revenue (TTM)$3.2B

Net Income (TTM)-$112M

EPS (TTM)-$1.68

Free Cash Flow (TTM)$56M

Gross Margin44.8%

Op. Margin5.5%

Net Margin-3.5%

FCF Margin1.8%

P/S Ratio (TTM)0.3x

P/E Ratio (TTM)—

YoY Rev Growth-10.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$773M	$341M	$21M
Q2 23	$768M	$327M	-$3M
Q3 23	$767M	$367M	$37M
Q4 23	$826M	$377M	-$386M
Q1 24	$798M	$296M	$42M
Q2 24	$829M	$404M	$64M
Q3 24	$917M	$503M	$179M
Q4 24	$1.0B	$537M	$266M
Q1 25	$776M	$358M	$14M
Q2 25	$784M	$364M	$21M
Q3 25	$773M	$360M	$58M
Q4 25	$836M	$339M	$80M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.3x	4.0x
Q2 23	0.3x	5.9x
Q3 23	0.3x	9.6x
Q4 23	0.3x	—
Q1 24	0.3x	—
Q2 24	0.3x	—
Q3 24	0.3x	—
Q4 24	0.3x	3.3x
Q1 25	0.3x	7.7x
Q2 25	0.3x	20.2x
Q3 25	0.3x	—
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$62M	$42M
Q2 23	$80M	$60M
Q3 23	$1M	-$29M
Q4 23	$92M	$70M
Q1 24	-$4M	-$25M
Q2 24	-$306M	-$329M
Q3 24	$210M	$193M
Q4 24	$198M	$175M
Q1 25	$5M	-$11M
Q2 25	$122M	$105M
Q3 25	-$36M	-$58M
Q4 25	$69M	$20M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$20M
Q2 23	$20M
Q3 23	$30M
Q4 23	$22M
Q1 24	$21M
Q2 24	$23M
Q3 24	$17M
Q4 24	$23M
Q1 25	$16M
Q2 25	$17M
Q3 25	$22M
Q4 25	$49M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-40.0%	+134.5%
Q2 23	-8.2%	+5.6%
Q3 23	-9.0%	+6.0%
Q4 23	-14.0%	+71.4%
Q1 24	+3.2%	+0.5%
Q2 24	+7.9%	-0.8%
Q3 24	+19.6%	+1.1%
Q4 24	+21.5%	-39.1%
Q1 25	-2.8%	+0.8%
Q2 25	-5.4%	-0.3%
Q3 25	-15.7%	-3.1%
Q4 25	-16.7%	+2.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$23M	3.0%
Q2 23	$13M	1.7%
Q3 23	$6M	0.8%
Q4 23	$3M	0.4%
Q1 24	$27M	3.4%
Q2 24	$10M	1.2%
Q3 24	$8M	0.9%
Q4 24	$6M	0.6%
Q1 25	$22M	2.8%
Q2 25	$11M	1.4%
Q3 25	$9M	1.2%
Q4 25	$9M	1.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$58M	$191M
Q2 23	$62M	$190M
Q3 23	$221M	—
Q4 23	$1.3B	—
Q1 24	$58M	$196M
Q2 24	$244M	—
Q3 24	$41M	$201M
Q4 24	$239M	—
Q1 25	$52M	$192M
Q2 25	$245M	—
Q3 25	$243M	—
Q4 25	$74M	—

Revenue Segments

Quarter	Broadcast Segment	Other Segments
Q1 23	$676M	$104M

War Chest

Quarter	Cash	Short-term Investments	Total
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

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	70M	+0.3%
Q2 23	64M	-8.4%
Q3 23	63M	-1.1%
Q4 23	64M	+0.3%
Q1 24	64M	+1.4%
Q2 24	66M	+2.8%
Q3 24	67M	+0.5%
Q4 24	67M	+1.1%
Q1 25	67M	+0.4%
Q2 25	70M	+3.1%
Q3 25	70M	+0.1%
Q4 25	70M	+0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$429K	7K
FY 24	$493K	7K
FY 25	$446K	7K