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MARKETS / NASDAQ / SBGI
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
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
2.5B5.0B20212022202320242025
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%20212022202320242025
ROE
FY2025 · ROE -21.8%
100%200%300%-20%-40%20212022202320242025

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
250.0M500.0M20212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 69.0 · Net buybacks 0.0
80M160MDividendsNet buybacks20212022202320242025

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
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 %−21.871.4−56.3354.5·

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

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Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 58 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelevision Broadcasting Stations
Listed onNASDAQ
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2021

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