Saturday 17 October 2026
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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. 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.
12.52
0.18
−1.42%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 24.15 | 26.70 | 25.13 | 25.92 | 10.58 | 22.44 | 14.37 | 9.39 | 11.13 | 11.89 |
Analyst estimates 2026–2028 Powerpack |
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| High | 34.75 | 43.05 | 40.15 | 66.57 | 34.31 | 39.60 | 31.04 | 22.41 | 18.45 | 17.88 | |||||
| People | |||||||||||||||
| People | Employees | 8,400 | 8,900 | 9,000 | 11,800 | 11,600 | 11,500 | 7,900 | 7,300 | 7,200 | 7,100 | ||||
| Revenue/emp, $m | 0.31 | 0.30 | 0.34 | 0.36 | 0.51 | 0.53 | 0.50 | 0.43 | 0.49 | 0.45 | |||||
| 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 | ||||
| Gross margin, % | 60.33 | 56.79 | 57.02 | 47.43 | 52.45 | 29.12 | 49.44 | 47.03 | 51.69 | 46.32 | |||||
| EBT | 373 | 519 | 310 | 9 | (3,149) | (499) | 3,614 | (637) | 395 | (153) | |||||
| EBT margin, % | 14.22 | 19.69 | 10.15 | 0.21 | (52.99) | (8.13) | 92.01 | (20.33) | 11.13 | (4.83) | |||||
| Net income | 251 | 594 | 346 | 105 | (2,429) | (326) | 2,701 | (279) | 319 | (99) | |||||
| Depreciation | 410 | 392 | 381 | 1,151 | 6,102 | 3,034 | 737 | 351 | 324 | 323 | |||||
| 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 | ||||
| Earnings | 2.62 | 5.77 | 3.38 | 0.52 | (30.20) | (5.51) | 37.54 | (4.46) | 4.71 | (1.62) | |||||
| Cash flow | 6.54 | 4.33 | 6.41 | 9.95 | 19.37 | 4.36 | 11.31 | 3.61 | 1.49 | 2.73 | |||||
| Capex | (0.83) | 1.11 | (1.02) | (1.61) | (1.51) | (0.49) | (1.49) | (1.41) | (1.28) | (1.07) | |||||
| Free cash flow | 5.71 | 5.44 | 5.39 | 8.35 | 17.85 | 3.86 | 9.82 | 2.20 | 0.21 | 1.66 | |||||
| Book value | 5.96 | 15.37 | 15.86 | 18.41 | (14.83) | (22.73) | 9.64 | 3.39 | 7.84 | 5.35 | |||||
| Shares, m | 94 | 100 | 101 | 92 | 80 | 75 | 71 | 65 | 66 | 69 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 12.77 | 6.51 | 7.66 | 65.37 | 0.00 | 0.00 | 0.42 | 0.00 | 3.44 | 0.00 | ||||
| P/S | 1.21 | 1.41 | 0.87 | 0.72 | 0.43 | 0.32 | 0.28 | 0.28 | 0.30 | 0.33 | |||||
| P/B | 5.68 | 2.42 | 1.66 | 1.81 | 0.00 | 0.00 | 1.59 | 3.98 | 2.06 | 2.86 | |||||
| EV/Sales | 2.71 | 2.57 | 1.80 | 3.34 | 2.33 | 2.20 | 1.14 | 1.40 | 1.27 | 1.44 | |||||
| EV/FCF | 13.31 | 12.46 | 10.09 | 18.45 | 9.70 | 46.58 | 6.43 | 30.71 | 320.98 | 39.78 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 612 | 432 | 647 | 916 | 1,548 | 327 | 799 | 235 | 98 | 189 | ||||
| Capex | (77) | 111 | (103) | (148) | (121) | (37) | (105) | (92) | (84) | (74) | |||||
| Free cash flow | 534 | 543 | 544 | 768 | 1,427 | 290 | 694 | 143 | 14 | 115 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 269 | 988 | 1,211 | 1,779 | 2,183 | 1,269 | 1,075 | 372 | 880 | 997 | ||||
| Total debt | 4,204 | 4,049 | 3,893 | 12,438 | 12,551 | 12,340 | 4,265 | 4,175 | 4,129 | 4,383 | |||||
| Net debt | 3,944 | 3,054 | 2,833 | 11,105 | 11,292 | 11,524 | 3,381 | 3,513 | 3,432 | 3,517 | |||||
| Shareholders’ equity | 558 | 1,534 | 1,600 | 1,694 | (1,185) | (1,706) | 681 | 221 | 516 | 370 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 4.31 | 9.04 | 5.11 | 0.39 | (15.70) | (3.19) | 27.56 | (4.55) | 5.18 | (1.89) | ||||
| ROIC | 8.37 | 10.04 | 9.31 | 2.30 | (17.14) | 0.60 | 61.24 | (5.54) | 8.72 | 2.78 | |||||
| ROE | 46.39 | 55.06 | 21.76 | 2.85 | (948.53) | 28.64 | (517.46) | (64.52) | 84.12 | (25.28) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $5.1B | 30.4× | 5.6× | +62.16% (above 0%: growing) | +18.12% (above 0%: growing) | +21.00% (above 0%: growing) | 100.00% | 18.16% | Compare |
| NMAX Newsmax Inc. | $1.2B | 167× | — (loss-making) | +16.53% (above 0%: growing) | n/m | +94.72% (above 0%: growing) | 43.12% | 2.41% | Compare |
| FUBO fuboTV Inc. | $919.4M | — (loss-making) | 9.5× | +37.99% (above 0%: growing) | n/m | +83.25% (above 0%: growing) | 7.28% | (1.80%) | Compare |
| SBGI Sinclair, Inc. | $918.4M | 16.5× | 7.1× | +7.14% (above 0%: growing) | n/m | −56.19% (below 0%: shrinking) | 47.98% | 5.95% | |
| GTN.A Gray Media Inc. | $671.6M | — (loss-making) | 2.2× | +8.68% (above 0%: growing) | n/m | +2,750.00% (above 0%: growing) | 29.56% | 16.21% | Compare |
| GTN Gray Media Inc. | $468.7M | — (loss-making) | 2.2× | +8.68% (above 0%: growing) | n/m | +2,750.00% (above 0%: growing) | 29.56% | 16.21% | Compare |
| IHRT iHeartMedia, Inc. | $323.0M | — (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) | $262.3M | — (loss-making) | 4.6× | −9.20% (below 0%: shrinking) | n/m | −117.88% (below 0%: shrinking) | 40.03% | (236.04%) | Compare |
| CURI CuriosityStream Inc. | $160.8M | 261× | 27.8× | +22.26% (above 0%: growing) | +1,002.94% (above 0%: growing) | −249.16% (below 0%: shrinking) | 72.84% | 39.49% | Compare |
| Median of peers | $570.1M | 167× | 5.1× | +12.61% | — | +88.99% | 41.58% | 9.92% |
Sinclair, Inc. (SBGI) key facts
- Concern: Sinclair, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, down 10.7% from fiscal 2024.
- Concern: Sinclair, Inc. reported a net loss of $99.0 million, or a loss of $1.62 per share, for fiscal 2025.
- Sinclair, Inc. (SBGI) is a Broadcasting company in the Communication Services sector, listed on Nasdaq.
- As of October 16, 2026, SBGI traded at $12.52, a market capitalization of $918.4 million.
- At that price the stock trades at 16.5× trailing-twelve-month earnings and 0.3× sales; its P/E is higher than 80% of its own readings over the past ten years.
- Sinclair, Inc. pays an annual dividend of $1.00 per share, a yield of 7.99%, with a payout ratio of 133.3%.
- Return on equity was −25.3% and debt-to-equity 13.35.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 0.90 (distress zone) for fiscal 2025.
Sinclair, Inc. (SBGI) Latest News
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