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NASDAQ · TELEVISION BROADCASTING STATIONS · MID CAP

Sinclair, Inc. SBGI

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.2B
▼ 10.7% YoY
$-112.0M
▼ 136.1% YoY
$115.0M
▲ 721.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Sinclair distributes content through its broadcast platform and third-party platforms, consisting of programming provided by third-party networks and syndicators, local news, other original programming, and professional sports. As of December 31, 2025, the company had approximately 7,100 employees, including part-time and temporary employees. As of December 31, 2025, Sinclair had two reportable segments, local media and tennis, while SBG had one reportable segment, local media. As of December 31, 2025, Sinclair and SBG's local media segment primarily consisted of broadcast television stations, original networks, and content, owning, providing programming and operating services to, or providing sales and other non-programming operating services to 179 stations in 81 markets. These stations broadcast 656 channels, including 226 channels affiliated with primary networks or program service providers comprised of FOX, ABC, CBS, NBC, CW, and MyNetworkTV. Sinclair, Inc., a Maryland corporation formed in 2022, is the parent company of Sinclair Broadcast Group, LLC, which formed from the conversion of Sinclair Broadcast Group, Inc., a Maryland corporation founded in 1986, to a Maryland limited liability company in 2023.

Written from the business description in Sinclair, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.2B
Revenue, FY2025 · full 5-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.2 · Net income -0.1
2.5B5.0B
202120242025
Compound annual growth
−6.9%
−28.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 5.5% · Net -3.1%
50%100%
202120232025
ROE
FY2025 · ROE -21.8%
20%40%60%-20%-40%
202120232025
Three returns, three denominators.

Each USD of equity lost 22 cents this year.

Cash & shareholders

USD 69.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 115.0
250.0M500.0M
202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 69.0 · Net buybacks 0.0
100M200MDividendsNet buybacks
20212022202320242025

USD 69.0M in dividends went back to shareholders in a year without profit.

Total assetsUSD 5.9B
EquityUSD 443.0M
CashUSD 866.0M
Gross debtUSD 4.4B
Net debtUSD 3.5B
Current ratio2.42×

Net debt stands at 791% of equity.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SBGI, 5-year financial record
Metric 20252024202320222021
Revenue $B3.23.53.13.96.1
Operating income $B0.20.6−0.34.00.1
EBITDA $B0.40.8−0.14.30.7
Income tax $B−0.10.1−0.40.9−0.2
Net income $B−0.10.3−0.32.7−0.4
Free cash flow $B0.10.00.10.70.2
EPS, diluted $−1.614.69−4.4637.54−5.51
Dividend / sh $◌◌◌◌◌
Payout %−6221−223−14
ROE %−21.871.4−56.3——

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 14 checks were skipped: EPS is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTelevision Broadcasting Stations
Listed onNASDAQ
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2021

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