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Sinclair, Inc.

SBGI Communication Services Broadcasting

Sinclair, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, down 10.7% from fiscal 2024.

Revenue
+15.5%
EPS
+3,100.0%
Free cash flow
+287.9%
Total debt
−1.61%

Quarter to September 2026, against a year earlier

14.23 0.13 +0.92%
Market cap
$1.0B
P/E
10.3×
Fwd P/E
12.3×
Dividend yield
7.03%
F-score
2/9
Altman Z
0.90
Beneish M
−2.62
Dividend safety
26/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.76
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 1 — 2 — 1 — 1 1 1 — —
Insider Ownership 41.12%

Capital & Financial Ratios $m

Size
Market Cap 1,020.00
Revenue ttm 3,376.00
Net income ttm 103.00
Free cash flow ttm 262.00
Net debt Q 3,376.00
Valuation
P/E 10.31
Forward P/E 12.30
Price / sales 0.30
Forward P/S Powerpack
Price / FCF 3.93
Price / book 3.09
Financial health
Current ratio Q 1.97 (at or above 1.5: strong)
Debt / equity Q 12.12 (above 2: weak)
Interest coverage Q 1.70
Growth
Revenue growth Q +15.52% (above 0%: growing)
Operating income growth Q +131.03% (above 0%: growing)
EPS, this year +202.13% (at or above 15%: strong)
EPS, next year A −178.74% (below 0%: weak)
Revenue, next year A +11.11% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +5.47%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 2.1×; over the ten years it ranged from 0.9× in 2022 to 4.3× in 2019.
P/E against its own 10 years 48.70%
10-year low 10-year high
P/S against its own 10 years 31.83%
10-year low 10-year high
P/B against its own 10 years 65.99%
10-year low 10-year high
EV/Sales against its own 10 years 18.70%
10-year low 10-year high
EV/FCF against its own 10 years 61.96%
10-year low 10-year high

Dividends

Yield
7.03%
Annual rate
1.00
Payout ratio
73.0%
Growth, 2017–25
+4.19%/yr
  1. 0.72 ’17
  2. 0.74 ’18 +3
  3. 0.80 ’19 +8
  4. 0.80 ’20 +0
  5. 0.80 ’21 +0
  6. 1.00 ’22 +25
  7. 1.00 ’23 +0
  8. 1.00 ’24 +0
  9. 1.00 ’25 +0
  10. 1.00 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 662 697 866 659
Receivables 624 642 687 —
Inventory — — — —
Other — — — —
1,475 1,485 1,700 1,431
2023 2024 2025 Q'26
Payables 913 416 496 482
ST’ Debt 36 38 25 22
Other 57 60 67 96
1,103 605 703 727

Compound Annual Growth %

10y 5y 3y
Sales 3.63% (11.82%) (6.91%)
Cash Flow (7.29%) (34.33%) (38.15%)
Earnings 0.00% 0.00% 0.00%
Book Value (2.96%) 0.00% (18.40%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.23 Actual 0.54

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.03 0.04 Beat by 0.07
Q1 FY26 −0.68 0.28 Beat by 0.96
Q2 FY26 −0.13 −1.06 Miss by 0.93
Q3 FY26 0.23 0.54 Beat by 0.31
Q4 FY26 1.57 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.28 (1.06) 0.60 — —
’25 (2.30) (0.91) (0.02) 1.55 (1.62)
’24 0.35 0.27 1.43 2.61 4.69
’23 2.64 (1.38) (0.74) (5.35) (4.46)
’22 35.39 (0.17) 0.32 0.79 37.54
’21 (0.16) (4.41) 0.25 (1.18) (5.51)
’20 1.35 3.12 (42.66) 6.27 (30.20)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 807 840 893 — —
’25 776 784 773 836 3,169
’24 798 829 917 1,004 3,548
’23 773 768 767 826 3,134
’22 1,288 837 843 960 3,928
’21 1,511 1,612 1,535 1,476 6,134
’20 1,609 1,283 1,539 1,512 5,943
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 43 66 129 — —
’25 5 122 (36) 98 189
’24 (4) (306) 210 198 98
’23 62 80 1 92 235
’22 70 137 251 341 799
’21 (206) 194 247 92 327
’20 (39) 373 505 709 1,548
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 28 46 109 — —
’25 (11) 105 (58) 79 115
’24 (25) (329) 193 175 14
’23 42 60 (29) 70 143
’22 53 109 222 310 694
’21 (198) 187 227 74 290
’20 (67) 322 490 682 1,427
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,623 2,636 3,055 4,240 5,943 6,134 3,928 3,134 3,548 3,169 3,376 +2.1% 3,521 3,203 3,581 +4.2%
Gross margin, % 60.33 56.79 57.02 47.43 52.45 29.12 49.44 47.03 51.69 46.32 0.00 (14.0) pt
EBT 373 519 310 9 (3,149) (499) 3,614 (637) 395 (153) 87 n/m
EBT margin, % 14.22 19.69 10.15 0.21 (52.99) (8.13) 92.01 (20.33) 11.13 (4.83) 2.58 (19.0) pt
Net income 251 594 346 105 (2,429) (326) 2,701 (279) 319 (99) 103 n/m
Per share, $
Per share, $ Revenue 28.03 26.40 30.27 46.08 74.36 81.73 55.60 48.12 53.94 45.85 46.68 +5.6%
Earnings 2.62 5.77 3.38 0.52 (30.20) (5.51) 37.54 (4.46) 4.71 (1.62) 1.38 n/m
Cash flow 6.54 4.33 6.41 9.95 19.37 4.36 11.31 3.61 1.49 2.73 4.65 (9.2%)
Capex (0.83) 1.11 (1.02) (1.61) (1.51) (0.49) (1.49) (1.41) (1.28) (1.07) (1.02) +2.9%
Free cash flow 5.71 5.44 5.39 8.35 17.85 3.86 9.82 2.20 0.21 1.66 3.62 (12.8%)
Book value 5.96 15.37 15.86 18.41 (14.83) (22.73) 9.64 3.39 7.84 5.35 4.60 (1.2%)
Shares, m 94 100 101 92 80 75 71 65 66 69 71 (3.3%)
Valuation, ×
Valuation, × P/E 12.77 6.51 7.66 65.37 0.00 0.00 0.42 0.00 3.44 0.00 10.31 9.6
P/S 1.21 1.41 0.87 0.72 0.43 0.32 0.28 0.28 0.30 0.33 0.30 0.6
P/B 5.68 2.42 1.66 1.81 0.00 0.00 1.59 3.98 2.06 2.86 3.09 2.2
EV/Sales 2.71 2.57 1.80 3.34 2.33 2.20 1.14 1.40 1.27 1.44 1.30 2.0
EV/FCF 13.31 12.46 10.09 18.45 9.70 46.58 6.43 30.71 320.98 39.78 16.81 50.8
Cash, $m
Cash, $m Operating cash flow 612 432 647 916 1,548 327 799 235 98 189 336 (12.2%)
Capex (77) 111 (103) (148) (121) (37) (105) (92) (84) (74) (74) (0.5%)
Free cash flow 534 543 544 768 1,427 290 694 143 14 115 262 (15.7%)
Balance, $m
Balance, $m Working capital 269 988 1,211 1,779 2,183 1,269 1,075 372 880 997 704 +15.7%
Net debt 3,944 3,054 2,833 11,105 11,292 11,524 3,381 3,513 3,432 3,517 3,376 (1.3%)
Shareholders’ equity 558 1,534 1,600 1,694 (1,185) (1,706) 681 221 516 370 333 (4.5%)
Returns, %
Returns, % ROA 4.31 9.04 5.11 0.39 (15.70) (3.19) 27.56 (4.55) 5.18 (1.89) 1.73 (6.2) pt
ROIC 8.37 10.04 9.31 2.30 (17.14) 0.60 61.24 (5.54) 8.72 2.78 4.90 (5.6) pt
ROE 46.39 55.06 21.76 2.85 (948.53) 28.64 (517.46) (64.52) 84.12 (25.28) 31.53 (71.7) pt
People
People Employees 8,400 8,900 9,000 11,800 11,600 11,500 7,900 7,300 7,200 7,100 — (1.9%)
Revenue/emp, $m 0.31 0.30 0.34 0.36 0.51 0.53 0.50 0.43 0.49 0.45 — +4.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Sinclair, Inc. vs peers in Broadcasting (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NXST Nexstar Media Group, Inc. $5.8B 16.8× 5.4× +78.05% (above 0%: growing) +268.98% (above 0%: growing) +690.70% (above 0%: growing) 100.00% 24.94% Compare
SBGI Sinclair, Inc. $1.0B 10.3× 12.3× +15.52% (above 0%: growing) n/m +287.93% (above 0%: growing) 0.00% 15.01%
NMAX Newsmax Inc. $958.4M 142× — (loss-making) +16.53% (above 0%: growing) n/m +94.72% (above 0%: growing) 43.12% 2.41% Compare
FUBO fuboTV Inc. $839.7M — (loss-making) 9.5× +37.99% (above 0%: growing) n/m +82.02% (above 0%: growing) 7.28% (1.80%) Compare
GTN.A Gray Media Inc. $671.6M — (loss-making) 2.0× +8.68% (above 0%: growing) n/m +2,750.00% (above 0%: growing) 29.56% 16.21% Compare
GTN Gray Media Inc. $515.9M — (loss-making) 2.0× +8.68% (above 0%: growing) n/m +2,750.00% (above 0%: growing) 29.56% 16.21% Compare
IHRT iHeartMedia, Inc. $327.0M — (loss-making) — (loss-making) +4.67% (above 0%: growing) n/m +448.77% (above 0%: growing) 59.01% 3.63% Compare
SSP E.W. Scripps Company (The) $273.4M — (loss-making) — (loss-making) −9.20% (below 0%: shrinking) n/m −117.88% (below 0%: shrinking) 40.03% (236.04%) Compare
CURI CuriosityStream Inc. $149.5M 253× 15.9× +22.26% (above 0%: growing) +1,002.94% (above 0%: growing) −249.16% (below 0%: shrinking) 72.84% 39.49% Compare
Median of peers $593.7M 142× 5.4× +12.61% — +271.75% 41.58% 9.92%

All 17 Broadcasting stocks →

Sinclair, Inc. (SBGI) Latest News

5 Nov

Impact 3 · · GuruFocus.com

4 Nov

Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat transcript
Impact 3 · · StockStory

29 Oct

Impact 3 · · Zacks

6 Oct

Impact 4 · · GlobeNewswire

28 Sep

Impact 3 · · StockStory

16 Sep

Impact 3 ·

6 Aug

Impact 4 ·
Impact 4 · transcript
Impact 3 · · MarketBeat

5 Aug

Impact 3 ·

15 Jul

Impact 4 ·

23 Jun

Impact 3 · · StockStory

16 Jun

Impact 3 · · Trefis

14 May

Impact 3 ·

2 May

Impact 4 · · StockStory

1 May

Impact 4 · · GuruFocus.com

30 Apr

Impact 4 · · Moby
Impact 4 · · StockStory
Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

11 Apr

Impact 3 · · Simply Wall St.

7 Apr

Impact 3 · · Business Wire

20 Mar

Impact 3 · · StockStory

19 Mar

Impact 3 · · GlobeNewswire

26 Feb

Impact 4 ·
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 ·
stockrow.com/SBGI · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com