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. In the quarter to June 2026, revenue grew 7.14%, EPS fell 16.5%, free cash flow fell 56.2% and total debt fell 1.14%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Sinclair, Inc. (SBGI) Piotroski F-score
Sinclair, Inc.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (4.00) |
| FY2024 | 6 | 2.00 |
| FY2023 | 4 | (3.00) |
| FY2022 | 7 | 2.00 |
| FY2021 | 5 | (2.00) |
| FY2020 | 7 | 3.00 |
| FY2019 | 4 | (3.00) |
| FY2018 | 7 | 2.00 |
| FY2017 | 5 | (2.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.89%) | 5.18% | Fail | 0 |
| Positive operating cash flow | 189.00m | 98.00m | Pass | 1 |
| Rising return on assets | (1.89%) | 5.18% | Fail | 0 |
| Cash flow above net income | 301.00m | (212.00m) | Pass | 1 |
| Falling long-term leverage | 0.74 | 0.68 | Fail | 0 |
| Rising current ratio | 2.42 | 2.45 | Fail | 0 |
| No new shares issued | 69,118,000 | 65,782,000 | Fail | 0 |
| Rising gross margin | 46.32% | 51.69% | Fail | 0 |
| Rising asset turnover | 0.54 | 0.59 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CURI CuriosityStream Inc. compare | 6 |
| FUBO fuboTV Inc. compare | 5 |
| NXST Nexstar Media Group, Inc. compare | 5 |
| IHRT iHeartMedia, Inc. compare | 4 |
| GTN Gray Media Inc. compare | 3 |
| NMAX Newsmax Inc. compare | 3 |
| SSP E.W. Scripps Company (The) compare | 3 |
| GTN.A Gray Media Inc. compare | 3 |
| SBGI Sinclair, Inc. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover