NASDAQ : SBGI
Sinclair, Inc. — Financial statements
Communication Services · Broadcasting · United States
Last price 12.7 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 918.44M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sinclair, Inc. (SBGI) reported revenue of 3.26B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.23B | 3.14B | 3.51B | 3.11B | 3.89B | 6.08B |
| Other Revenue | 27.00M | 27.00M | 37.00M | 28.00M | 34.00M | 51.00M |
| Revenue | 3.26B | 3.17B | 3.55B | 3.13B | 3.93B | 6.13B |
| Cost of Revenue | 1.78B | 1.77B | 1.79B | 1.74B | 2.08B | 4.44B |
| Gross Profit | 1.48B | 1.39B | 1.76B | 1.39B | 1.85B | 1.69B |
| Selling, General & Admin | 1.03B | 992.00M | 980.00M | 1.44B | 972.00M | 1.08B |
| Amortization of Goodwill & Intangibles | 155.00M | 145.00M | 149.00M | 166.00M | 221.00M | 477.00M |
| Other Operating Expenses | -27.00M | -27.00M | -20.00M | 3.00M | -64.00M | -22.00M |
| Operating Expenses | 1.26B | 1.21B | 1.21B | 1.72B | 1.23B | 1.65B |
| Operating Income | 217.00M | 180.00M | 550.00M | -321.00M | 623.00M | 46.00M |
| Interest Expense | -334.00M | -327.00M | -304.00M | -305.00M | -296.00M | -618.00M |
| Earnings From Equity Investments | 64.00M | 61.00M | 118.00M | 29.00M | 56.00M | 45.00M |
| Other Non Operating Income (Expenses) | -24.00M | -24.00M | 103.00M | 21.00M | -42.00M | 28.00M |
| EBT Excluding Unusual Items | -77.00M | -110.00M | 467.00M | -576.00M | 341.00M | -499.00M |
| Gain (Loss) on Sale of Investments | 91.00M | 30.00M | -99.00M | -66.00M | -87.00M | -42.00M |
| Gain (Loss) on Sale of Assets | -6.00M | -11.00M | 26.00M | -10.00M | 3.36B | 18.00M |
| Asset Writedown | 31.00M | |||||
| Other Unusual Items | 13.00M | -62.00M | 1.00M | 15.00M | 3.00M | -7.00M |
| Pretax Income | 21.00M | -153.00M | 395.00M | -637.00M | 3.61B | -499.00M |
| Income Tax Expense | -40.00M | -54.00M | 76.00M | -358.00M | 913.00M | -173.00M |
| Earnings From Continuing Operations | 61.00M | -99.00M | 319.00M | -279.00M | 2.70B | -326.00M |
| Minority Interest in Earnings | -9.00M | -13.00M | -9.00M | -12.00M | -49.00M | -88.00M |
| Net Income | 52.00M | -112.00M | 310.00M | -291.00M | 2.65B | -414.00M |
| Net Income to Common | 52.00M | -112.00M | 310.00M | -291.00M | 2.65B | -414.00M |
| Shares Outstanding (Basic) | 70.53M | 69.12M | 65.78M | 65.12M | 70.65M | 75.05M |
| Shares Outstanding (Diluted) | 70.53M | 69.12M | 66.10M | 65.12M | 70.66M | 75.05M |
| EPS (Basic) | 0.74 | -1.62 | 4.71 | -4.47 | 37.54 | -5.52 |
| EPS (Diluted) | 0.72 | -1.62 | 4.71 | -4.47 | 37.54 | -5.52 |
| Free Cash Flow | 95.00M | 115.00M | 14.00M | 143.00M | 694.00M | 247.00M |
| Free Cash Flow Per Share | 1.35 | 1.66 | 0.21 | 2.20 | 9.82 | 3.29 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.80 |
| Gross Margin | 45.42% | 43.99% | 49.60% | 44.48% | 47.15% | 27.60% |
| Operating Margin | 6.67% | 5.68% | 15.50% | -10.24% | 15.86% | 0.75% |
| Profit Margin | 1.60% | -3.53% | 8.74% | -9.29% | 67.52% | -6.75% |
| Free Cash Flow Margin | 2.92% | 3.63% | 0.40% | 4.56% | 17.67% | 4.03% |
| EBITDA | 478.00M | 429.00M | 800.00M | -50.00M | 944.00M | 714.00M |
| EBITDA Margin | 14.68% | 13.54% | 22.55% | -1.59% | 24.03% | 11.64% |
| D&A For EBITDA | 261.00M | 249.00M | 250.00M | 271.00M | 321.00M | 668.00M |
| EBIT | 217.00M | 180.00M | 550.00M | -321.00M | 623.00M | 46.00M |
| EBIT Margin | 6.67% | 5.68% | 15.50% | -10.24% | 15.86% | 0.75% |
| Effective Tax Rate | 19.24% | 25.26% | ||||
| Revenue as Reported | 3.26B | 3.17B | 3.55B | 3.13B | 3.93B | 6.13B |
| Advertising Expenses | 8.00M | 6.00M | 8.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 604.00M | 866.00M | 697.00M | 662.00M | 884.00M | 816.00M |
| Cash & Short-Term Investments | 604.00M | 866.00M | 697.00M | 662.00M | 884.00M | 816.00M |
| Accounts Receivable | 647.00M | 687.00M | 637.00M | 616.00M | 612.00M | 1.25B |
| Other Receivables | 1.00M | 5.00M | 11.00M | 5.00M | 152.00M | |
| Receivables | 647.00M | 688.00M | 642.00M | 627.00M | 617.00M | 1.40B |
| Prepaid Expenses | 137.00M | 146.00M | 146.00M | 186.00M | 182.00M | 173.00M |
| Other Current Assets | 85.00M | |||||
| Total Current Assets | 1.39B | 1.70B | 1.49B | 1.48B | 1.68B | 2.47B |
| Property, Plant & Equipment | 742.00M | 748.00M | 812.00M | 838.00M | 854.00M | 1.02B |
| Long-Term Investments | 358.00M | 423.00M | 430.00M | 515.00M | 555.00M | 1.08B |
| Goodwill | 2.08B | 2.08B | 2.08B | 2.08B | 2.09B | 2.09B |
| Other Intangible Assets | 620.00M | 682.00M | 780.00M | 929.00M | 1.10B | 5.24B |
| Long-Term Deferred Tax Assets | 293.00M | |||||
| Other Long-Term Assets | 274.00M | 280.00M | 269.00M | 246.00M | 235.00M | 348.00M |
| Total Assets | 5.48B | 5.95B | 5.88B | 6.08B | 6.70B | 12.54B |
| Accounts Payable | 526.00M | 133.00M | 107.00M | 142.00M | 125.00M | 154.00M |
| Accrued Expenses | 201.00M | 138.00M | 615.00M | 121.00M | 274.00M | |
| Current Portion of Long-Term Debt | 20.00M | 17.20M | 30.00M | 30.00M | 32.00M | 64.00M |
| Current Portion of Leases | 28.00M | 32.00M | 30.00M | 27.00M | 29.00M | 40.00M |
| Current Income Taxes Payable | 24.00M | 21.00M | ||||
| Current Unearned Revenue | 69.00M | 61.00M | 58.00M | 54.00M | 56.00M | 71.00M |
| Other Current Liabilities | 47.00M | 237.80M | 242.00M | 235.00M | 245.00M | 599.00M |
| Total Current Liabilities | 714.00M | 703.00M | 605.00M | 1.10B | 608.00M | 1.20B |
| Long-Term Debt | 4.03B | 4.33B | 4.06B | 4.12B | 4.20B | 12.24B |
| Long-Term Leases | 113.00M | 137.00M | 164.00M | 173.00M | 180.00M | 237.00M |
| Long-Term Unearned Revenue | 81.00M | 88.00M | 112.00M | 124.00M | 144.00M | 164.00M |
| Long-Term Deferred Tax Liabilities | 141.00M | 213.00M | 335.00M | 252.00M | 610.00M | |
| Other Long-Term Liabilities | 97.00M | 105.00M | 96.00M | 94.00M | 86.00M | 208.00M |
| Total Liabilities | 5.18B | 5.58B | 5.37B | 5.86B | 5.83B | 14.05B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 642.00M | 613.00M | 570.00M | 517.00M | 624.00M | 691.00M |
| Retained Earnings | -263.00M | -171.00M | 10.00M | -234.00M | 122.00M | -2.46B |
| Comprehensive Income & Other | 2.00M | 1.00M | 1.00M | -2.00M | ||
| Total Common Equity | 380.00M | 443.00M | 583.00M | 285.00M | 748.00M | -1.77B |
| Minority Interest | -76.00M | -73.00M | -67.00M | -64.00M | 127.00M | 261.00M |
| Shareholders' Equity | 304.00M | 370.00M | 516.00M | 221.00M | 875.00M | -1.51B |
| Total Liabilities & Equity | 5.48B | 5.95B | 5.88B | 6.08B | 6.70B | 12.54B |
| Total Debt | 4.19B | 4.52B | 4.28B | 4.35B | 4.44B | 12.58B |
| Net Cash (Debt) | -3.59B | -3.65B | -3.58B | -3.69B | -3.56B | -11.76B |
| Net Cash Per Share | -50.87 | -52.85 | -54.22 | -56.60 | -50.36 | -156.75 |
| Filing Date Shares Outstanding | 72.32M | 71.62M | 66.47M | 63.60M | 69.56M | 71.67M |
| Total Common Shares Outstanding | 72.26M | 69.73M | 66.42M | 63.51M | 69.62M | 73.09M |
| Working Capital | 674.00M | 997.00M | 880.00M | 372.00M | 1.07B | 1.27B |
| Book Value Per Share | 5.26 | 6.35 | 8.78 | 4.49 | 10.74 | -24.22 |
| Tangible Book Value | -2.32B | -2.32B | -2.28B | -2.73B | -2.44B | -9.10B |
| Tangible Book Value Per Share | -32.15 | -33.33 | -34.31 | -42.92 | -34.99 | -124.45 |
| Land | 71.00M | 73.00M | 72.00M | 72.00M | 72.00M | |
| Buildings | 298.00M | 308.00M | 309.00M | 300.00M | 308.00M | |
| Machinery | 1.12B | 1.13B | 1.09B | 1.07B | 1.17B | |
| Construction In Progress | 64.00M | 69.00M | 90.00M | 74.00M | 34.00M | |
| Leasehold Improvements | 49.00M | 49.00M | 47.00M | 45.00M | 60.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 52.00M | -112.00M | 310.00M | -291.00M | 2.65B | -414.00M |
| Depreciation & Amortization | 261.00M | 249.00M | 250.00M | 271.00M | 321.00M | 668.00M |
| Other Amortization | 74.00M | 74.00M | 74.00M | 80.00M | 416.00M | 2.44B |
| Loss (Gain) From Sale of Assets | 21.00M | 26.00M | -16.00M | 13.00M | -3.37B | -69.00M |
| Loss (Gain) From Sale of Investments | -25.00M | 34.00M | 7.00M | 91.00M | 133.00M | 38.00M |
| Loss (Gain) on Equity Investments | -64.00M | -61.00M | -118.00M | -29.00M | -56.00M | -45.00M |
| Stock-Based Compensation | 51.00M | 51.00M | 51.00M | 45.00M | 50.00M | 60.00M |
| Other Operating Activities | -31.00M | -8.00M | 121.00M | -326.00M | 697.00M | -2.04B |
| Change in Accounts Receivable | -26.00M | -47.00M | -28.00M | -8.00M | 20.00M | -187.00M |
| Change in Accounts Payable | -33.00M | 43.00M | -495.00M | 512.00M | -14.00M | 113.00M |
| Change in Income Taxes | -25.00M | 23.00M | -11.00M | -3.00M | 147.00M | -52.00M |
| Change in Other Net Operating Assets | -84.00M | -83.00M | -47.00M | -120.00M | -199.00M | -188.00M |
| Operating Cash Flow | 171.00M | 189.00M | 98.00M | 235.00M | 799.00M | 327.00M |
| Capital Expenditures | -76.00M | -74.00M | -84.00M | -92.00M | -105.00M | -80.00M |
| Sale of Property, Plant & Equipment | 43.00M | |||||
| Cash Acquisitions | -19.00M | -29.00M | ||||
| Divestitures | -315.00M | |||||
| Investment in Securities | -39.00M | -51.00M | -50.00M | -72.00M | -75.00M | -256.00M |
| Other Investing Activities | 70.00M | 34.00M | 211.00M | 216.00M | 114.00M | 47.00M |
| Investing Cash Flow | -64.00M | -120.00M | 77.00M | 52.00M | -381.00M | -246.00M |
| Long-Term Debt Issued | 1.80B | 728.00M | 357.00M | |||
| Long-Term Debt Repaid | -1.51B | -61.00M | -85.00M | -863.00M | -601.00M | |
| Net Debt Issued (Repaid) | -41.00M | 290.00M | -61.00M | -85.00M | -135.00M | -244.00M |
| Repurchase of Common Stock | -153.00M | -120.00M | -61.00M | |||
| Common Dividends Paid | -71.00M | -69.00M | -66.00M | -65.00M | -70.00M | -60.00M |
| Other Financing Activities | -7.00M | -121.00M | -13.00M | -206.00M | -28.00M | -159.00M |
| Financing Cash Flow | -119.00M | 100.00M | -140.00M | -509.00M | -353.00M | -524.00M |
| Net Cash Flow | -12.00M | 169.00M | 35.00M | -222.00M | 65.00M | -443.00M |
| Free Cash Flow | 95.00M | 115.00M | 14.00M | 143.00M | 694.00M | 247.00M |
| Free Cash Flow Margin | 2.92% | 3.63% | 0.40% | 4.56% | 17.67% | 4.03% |
| Free Cash Flow Per Share | 1.35 | 1.66 | 0.21 | 2.20 | 9.82 | 3.29 |
| Levered Free Cash Flow | 237.88M | 270.93M | -31.25M | 397.75M | 1.19B | 3.19B |
| Unlevered Free Cash Flow | 446.62M | 475.30M | 158.75M | 588.38M | 1.38B | 3.58B |
| Cash Interest Paid | 324.00M | 324.00M | 296.00M | 294.00M | 387.00M | 583.00M |
| Cash Income Tax Paid | 45.00M | 45.00M | 3.00M | 4.00M | -140.00M | -28.00M |
| Change in Working Capital | -168.00M | -64.00M | -581.00M | 381.00M | -46.00M | -314.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 925.67M | 1.07B | 1.07B | 827.60M | 1.08B | 2.00B |
| Enterprise Value | 4.51B | 4.71B | 4.76B | 4.46B | 5.04B | 13.93B |
| Last Close Price | 12.80 | 14.51 | 14.30 | 10.78 | 11.96 | 19.50 |
| PE Ratio | 17.71 | 3.46 | 0.41 | |||
| Forward PE | 23.31 | 9.32 | 9.83 | 14.04 | 21.94 | 233.27 |
| PS Ratio | 0.28 | 0.34 | 0.30 | 0.26 | 0.28 | 0.33 |
| PB Ratio | 2.43 | 2.88 | 2.08 | 3.75 | 1.23 | -1.32 |
| P/FCF Ratio | 9.74 | 9.27 | 76.57 | 5.79 | 1.56 | 8.08 |
| P/OCF Ratio | 5.41 | 5.64 | 10.94 | 3.52 | 1.35 | 6.11 |
| PEG Ratio | 0.49 | 0.49 | 0.49 | 0.49 | 2.42 | |
| EV/Sales Ratio | 1.39 | 1.49 | 1.34 | 1.42 | 1.28 | 2.27 |
| EV/EBITDA Ratio | 9.44 | 10.98 | 5.95 | 5.34 | 19.51 | |
| EV/EBIT Ratio | 20.80 | 26.18 | 8.65 | 8.10 | 302.77 | |
| EV/FCF Ratio | 47.51 | 40.98 | 339.86 | 31.21 | 7.27 | 56.39 |
| Debt / Equity Ratio | 13.79 | 12.21 | 8.30 | 19.67 | 5.08 | -8.34 |
| Debt / EBITDA Ratio | 7.86 | 9.70 | 5.11 | 4.51 | 16.25 | |
| Debt / FCF Ratio | 44.13 | 39.30 | 305.79 | 30.41 | 6.40 | 50.93 |
| Net Debt / Equity Ratio | 11.80 | 9.87 | 6.95 | 16.68 | 4.07 | -7.80 |
| Net Debt / EBITDA Ratio | 7.51 | 8.52 | 4.48 | -73.72 | 3.77 | 16.48 |
| Net Debt / FCF Ratio | 37.77 | 31.77 | 256.00 | 25.78 | 5.13 | 47.63 |
| Asset Turnover | 0.58 | 0.54 | 0.59 | 0.49 | 0.41 | 0.47 |
| Quick Ratio | 1.75 | 2.21 | 2.21 | 1.17 | 2.47 | 1.84 |
| Current Ratio | 1.94 | 2.42 | 2.46 | 1.34 | 2.77 | 2.06 |
| Return on Equity (ROE) | 20.44% | -22.35% | 86.57% | -50.91% | ||
| Return on Assets (ROA) | 2.43% | 1.90% | 5.74% | -3.14% | 4.05% | 0.22% |
| Return on Invested Capital (ROIC) | 5.46% | 4.43% | 11.09% | -7.70% | 5.90% | 0.39% |
| Return on Capital Employed (ROCE) | 4.60% | 3.40% | 10.40% | -6.40% | 10.20% | 0.40% |
| Earnings Yield | 5.65% | -10.51% | 28.92% | -35.16% | 245.58% | -20.74% |
| FCF Yield | 10.26% | 10.79% | 1.31% | 17.28% | 64.27% | 12.37% |
| Dividend Yield | 7.81% | 6.54% | 6.19% | 7.67% | 6.45% | 2.93% |
| Payout Ratio | 138.37% | 21.29% | 2.64% | |||
| Buyback Yield / Dilution | -4.15% | -4.57% | -1.49% | 7.83% | 5.85% | 6.10% |
| Total Shareholder Return | 3.67% | 1.97% | 4.70% | 15.50% | 12.30% | 9.03% |