A Business at a Glance
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Sinclair, Inc. (“the Company” or “Sinclair”), a Maryland corporation formed in 2022, is the parent company of Sinclair Broadcast Group, LLC (“SBG”), a Maryland limited liability company, which formed from the conversion of Sinclair Broadcast Group, Inc. (“Old Sinclair”), a Maryland corporation founded in 1986, to a Maryland limited liability company in 2023. Refer to Company Reorganization in this Item 1. Sinclair is a diversified media company with national reach and a strong focus on providing high-quality content on our local television stations and digital platform. The content, distributed through our broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, other original programming produced by us and our owned networks, and professional sports.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 3.2B | 3.2B | 3.5B | 3.1B | 3.9B |
| Net Income | -112M | -112M | 310M | -291M | 2.7B |
| EPS | $-1.61 | $-1.61 | $4.69 | $-4.46 | $37.54 |
| Free Cash Flow | 115M | 115M | 14M | 143M | 694M |
| ROIC | 3.4% | 5.3% | 13.3% | -6.6% | 90.6% |
| Gross Margin | - | - | - | - | - |
| Debt/Equity | 9.95 | 9.95 | 7.15 | 14.78 | 5.75 |
| Dividends/Share | $0.99 | $0.99 | $1.00 | $1.00 | $0.99 |
| Operating Income | 173M | 173M | 551M | -331M | 4.0B |
| Operating Margin | 5.5% | 5.5% | 15.5% | -10.6% | 101.3% |
| ROE | -25.3% | -21.8% | 53.2% | -102.1% | 354.5% |
| Shares Outstanding | 70M | 70M | 66M | 65M | 71M |
| Metric | 2022 | 2023 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 3.9B | 3.1B | 3.5B | 3.2B | 3.2B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | 812M | 747M | 794M | 806M | 806M |
| EBIT | 4.0B | -331M | 551M | 173M | 173M |
| Op. Margin | 101.3% | -10.6% | 15.5% | 5.5% | 5.5% |
| Net Income | 2.7B | -291M | 310M | -112M | -112M |
| Net Margin | 67.5% | -9.3% | 8.7% | -3.5% | -3.5% |
| Non-Recurring | 64M | 3.0M | 20M | 19M | 19M |
| Returns on Capital | |||||
| ROIC | 90.6% | -6.6% | 13.3% | 5.3% | 3.4% |
| ROE | 354.5% | -102.1% | 53.2% | -21.8% | -25.3% |
| ROA | 39.6% | -4.8% | 5.3% | -1.9% | -1.9% |
| Cash Flow | |||||
| Op. Cash Flow | 799M | 235M | 98M | 189M | 189M |
| Free Cash Flow | 694M | 143M | 14M | 115M | 115M |
| Owner Earnings | 649M | 85M | -54M | 34M | 34M |
| CapEx | 105M | 92M | 84M | 74M | 74M |
| Maint. CapEx | 100M | 105M | 101M | 104M | 104M |
| Growth CapEx | 5.0M | 0 | 0 | 0 | 0 |
| D&A | 100M | 105M | 101M | 104M | 104M |
| CapEx/OCF | 13.1% | 39.1% | 85.7% | 39.2% | 39.2% |
| Capital Allocation | |||||
| Dividends Paid | 70M | 65M | 66M | 69M | 69M |
| Dividend Yield | 5.5% | 8.1% | 7.6% | 7.0% | 6.4% |
| Share Buybacks | 120M | 153M | 0 | 0 | 0 |
| Buyback Yield | 14.4% | 20.2% | N/A | N/A | 0.0% |
| Stock-Based Comp | 50M | 45M | 51M | 51M | 51M |
| Debt Repayment | 863M | 85M | 61M | 1.5B | 1.5B |
| Balance Sheet | |||||
| Net Debt | 2.5B | 2.9B | 2.8B | 2.7B | 3.5B |
| Cash & Equiv. | 884M | 662M | 697M | 866M | 866M |
| Long-Term Debt | 4.2B | 4.1B | 4.1B | 4.4B | 4.4B |
| Debt/Equity | 5.75 | 14.78 | 7.15 | 9.95 | 9.95 |
| Interest Coverage | 13.4 | -1.1 | 1.8 | 0.4 | 0.4 |
| Equity | 748M | 285M | 583M | 443M | 443M |
| Total Assets | 6.7B | 6.1B | 5.9B | 5.9B | 5.9B |
| Total Liabilities | 5.8B | 5.9B | 5.4B | 5.6B | 5.6B |
| Intangibles | 3.0B | 2.9B | 2.7B | 2.6B | 2.6B |
| Retained Earnings | 122M | -234M | 10M | -171M | -171M |
| Working Capital | 1.1B | 372M | 880M | 997M | 997M |
| Current Assets | 1.7B | 1.5B | 1.5B | 1.7B | 1.7B |
| Current Liabilities | 608M | 1.1B | 605M | 703M | 703M |
| Per Share Data | |||||
| EPS | 37.54 | -4.46 | 4.69 | -1.61 | -1.61 |
| Owner EPS | 9.19 | 1.30 | -0.82 | 0.49 | 0.49 |
| Book Value | 10.59 | 4.37 | 8.82 | 6.37 | 6.37 |
| Cash Flow/Share | 11.31 | 3.60 | 1.48 | 2.72 | -0.12 |
| Dividends/Share | 0.99 | 1.00 | 1.00 | 0.99 | 0.99 |
| Shares Out. | 70.6M | 65.2M | 66.1M | 69.6M | 69.6M |
| Valuation | |||||
| P/E Ratio | 0.3 | N/A | 3.2 | N/A | -9.7 |
| P/FCF | 1.2 | 5.3 | 69.8 | 9.2 | 9.4 |
| EV/EBIT | 0.8 | N/A | 6.8 | 21.6 | 26.7 |
| Price/Book | 1.1 | 2.7 | 1.7 | 2.4 | 2.4 |
| Price/Sales | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 |
| FCF Yield | 83.2% | 18.8% | 1.4% | 10.8% | 10.6% |
| Market Cap | 834M | 759M | 977M | 1.1B | 1.1B |
| Avg. Price | 18.04 | 12.33 | 13.06 | 14.11 | 15.56 |
| Year-End Price | 11.81 | 11.64 | 14.78 | 15.26 | 15.56 |
Sinclair, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 6.5x vs a median of 7.3x. The company's 5-year average ROIC is 25.7%. Total shareholder yield (dividends) is 6.4%. At current prices, the estimated annualized return to fair value is -23.0%.
Sinclair, Inc. (SBGI) has a 5-year average return on invested capital (ROIC) of 25.7%. This indicates strong capital allocation and a potential competitive advantage.
Sinclair, Inc. (SBGI) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Yes, Sinclair, Inc. (SBGI) pays a dividend with a trailing twelve-month yield of 6.37%.
Sinclair, Inc. (SBGI) operates in the Television Broadcasting Stations industry, within the Communication Services sector.
Sinclair, Inc. (SBGI) reported annual revenue of $3.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sinclair, Inc. (SBGI) has a net profit margin of -3.5%. The company is currently unprofitable.
Sinclair, Inc. (SBGI) generated $115 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Sinclair, Inc. (SBGI) has a debt-to-equity ratio of 9.95. This indicates higher leverage, which may increase financial risk.
Sinclair, Inc. (SBGI) reported earnings per share (EPS) of $-1.61 in its most recent fiscal year.
Sinclair, Inc. (SBGI) has a return on equity (ROE) of -21.8%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 4 years of financial data for Sinclair, Inc. (SBGI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Sinclair, Inc. (SBGI) has a book value per share of $6.37, based on its most recent annual SEC filing.