Sinclair Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sinclair has an operating margin of 15.5%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from -10.6% the prior year.
Sinclair's revenue grew 13.2% year-over-year to $3.5B, a solid pace of expansion. This earns a growth score of 66/100.
Sinclair has elevated debt relative to equity (D/E of 7.01), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 2.45, Sinclair holds $2.45 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.
While Sinclair generated $98.0M in operating cash flow, capex of $84.0M consumed most of it, leaving $14.0M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.
Sinclair earns a strong 53.2% return on equity (ROE), meaning it generates $53 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Sinclair scores 1.21, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Sinclair passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sinclair generates $0.32 in operating cash flow ($98.0M OCF vs $310.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Sinclair earns $1.8 in operating income for every $1 of interest expense ($551.0M vs $304.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Sinclair (SBGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Sinclair generated $3.5B in revenue in fiscal year 2024. This represents an increase of 13.2% from the prior year.
Sinclair's EBITDA was $801.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1435.0% from the prior year.
Sinclair generated $14.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 90.2% from the prior year.
Sinclair reported $310.0M in net income in fiscal year 2024. This represents an increase of 206.5% from the prior year.
Sinclair earned $4.69 per diluted share (EPS) in fiscal year 2024. This represents an increase of 205.2% from the prior year.
Sinclair held $697.0M in cash against $4.1B in long-term debt as of fiscal year 2024.
Sinclair's operating margin was 15.5% in fiscal year 2024, reflecting core business profitability. This is up 26.1 percentage points from the prior year.
Sinclair's net profit margin was 8.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 18.0 percentage points from the prior year.
Sinclair's ROE was 53.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Sinclair spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Sinclair invested $84.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 8.7% from the prior year.
SBGI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $773.0M-1.4% | $784.0M+1.0% | $776.0M-22.7% | $1.0B+21.1% | $829.0M+3.9% | $798.0M-3.4% | $826.0M+7.7% | $767.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $203.0M+1.5% | $200.0M+4.2% | $192.0M-5.4% | $203.0M+4.6% | $194.0M-1.0% | $196.0M+3.2% | $190.0M+8.0% | $176.0M |
| Operating Income | $58.0M+176.2% | $21.0M+50.0% | $14.0M-94.7% | $266.0M+315.6% | $64.0M+52.4% | $42.0M+110.9% | -$386.0M-1143.2% | $37.0M |
| Interest Expense | $85.0M+3.7% | $82.0M-43.1% | $144.0M+94.6% | $74.0M-2.6% | $76.0M0.0% | $76.0M-2.6% | $78.0M+1.3% | $77.0M |
| Income Tax | -$1.0M+92.9% | -$14.0M+69.6% | -$46.0M-200.0% | $46.0M+820.0% | $5.0M+225.0% | -$4.0M+96.7% | -$122.0M-916.7% | -$12.0M |
| Net Income | -$1.0M+98.4% | -$64.0M+59.0% | -$156.0M-188.6% | $176.0M+935.3% | $17.0M-26.1% | $23.0M+106.7% | -$341.0M-641.3% | -$46.0M |
| EPS (Diluted) | $-0.02+97.8% | $-0.91+60.4% | $-2.30-187.1% | $2.64+877.8% | $0.27-22.9% | $0.35+107.0% | $-4.98-573.0% | $-0.74 |
SBGI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B-1.8% | $5.7B-1.9% | $5.8B-1.8% | $5.9B+3.5% | $5.7B-5.8% | $6.0B-0.8% | $6.1B0.0% | $6.1B |
| Current Assets | $1.3B-8.2% | $1.5B-3.0% | $1.5B+1.3% | $1.5B+21.5% | $1.2B-17.5% | $1.5B+0.4% | $1.5B+1.4% | $1.5B |
| Cash & Equivalents | $526.0M-14.6% | $616.0M-2.4% | $631.0M-9.5% | $697.0M+84.4% | $378.0M-42.3% | $655.0M-1.1% | $662.0M+3.0% | $643.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $633.0M+1.4% | $624.0M-7.7% | $676.0M+6.1% | $637.0M-3.8% | $662.0M+3.1% | $642.0M+4.2% | $616.0M+3.2% | $597.0M |
| Goodwill | $2.1B0.0% | $2.1B-0.3% | $2.1B+0.6% | $2.1B0.0% | $2.1B0.0% | $2.1B0.0% | $2.1B0.0% | $2.1B |
| Total Liabilities | $5.3B-1.6% | $5.4B-0.6% | $5.4B+0.8% | $5.4B-0.8% | $5.4B-6.2% | $5.8B-1.6% | $5.9B+6.6% | $5.5B |
| Current Liabilities | $666.0M-13.7% | $772.0M+6.6% | $724.0M+19.7% | $605.0M-11.8% | $686.0M-34.0% | $1.0B-5.7% | $1.1B+76.8% | $624.0M |
| Long-Term Debt | $4.1B-0.1% | $4.1B-2.0% | $4.2B+1.9% | $4.1B-0.5% | $4.1B-0.1% | $4.1B-0.9% | $4.1B+0.1% | $4.1B |
| Total Equity | $347.0M-3.9% | $361.0M-17.2% | $436.0M-25.2% | $583.0M+71.5% | $340.0M+2.1% | $333.0M+16.8% | $285.0M-55.9% | $646.0M |
| Retained Earnings | -$263.0M-7.8% | -$244.0M-49.7% | -$163.0M-1730.0% | $10.0M+104.4% | -$227.0M0.0% | -$227.0M+3.0% | -$234.0M-291.8% | $122.0M |
SBGI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$36.0M-129.5% | $122.0M+2340.0% | $5.0M-97.5% | $198.0M+164.7% | -$306.0M-7550.0% | -$4.0M-104.3% | $92.0M+9100.0% | $1.0M |
| Capital Expenditures | $22.0M+29.4% | $17.0M+6.3% | $16.0M-30.4% | $23.0M0.0% | $23.0M+9.5% | $21.0M-4.5% | $22.0M-26.7% | $30.0M |
| Free Cash Flow | -$58.0M-155.2% | $105.0M+1054.5% | -$11.0M-106.3% | $175.0M+153.2% | -$329.0M-1216.0% | -$25.0M-135.7% | $70.0M+341.4% | -$29.0M |
| Investing Cash Flow | -$28.0M-21.7% | -$23.0M+45.2% | -$42.0M-366.7% | -$9.0M-116.1% | $56.0M+3.7% | $54.0M+220.0% | -$45.0M-40.6% | -$32.0M |
| Financing Cash Flow | -$26.0M+77.2% | -$114.0M-293.1% | -$29.0M-3.6% | -$28.0M-3.7% | -$27.0M+52.6% | -$57.0M-103.6% | -$28.0M+48.1% | -$54.0M |
| Dividends Paid | $18.0M+5.9% | $17.0M0.0% | $17.0M0.0% | $17.0M0.0% | $17.0M+6.3% | $16.0M+6.7% | $15.0M-6.3% | $16.0M |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
SBGI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 7.5%+4.8pp | 2.7%+0.9pp | 1.8%-24.7pp | 26.5%+18.8pp | 7.7%+2.5pp | 5.3%+52.0pp | -46.7%-51.5pp | 4.8% |
| Net Margin | -0.1%+8.0pp | -8.2%+11.9pp | -20.1%-37.6pp | 17.5%+15.5pp | 2.1%-0.8pp | 2.9%+44.2pp | -41.3%-35.3pp | -6.0% |
| Return on Equity | N/A | N/A | N/A | 30.2%+25.2pp | 5.0%-1.9pp | 6.9% | N/A | N/A |
| Return on Assets | -0.0%+1.1pp | -1.1%+1.6pp | -2.7%-5.7pp | 3.0%+2.7pp | 0.3%-0.1pp | 0.4%+6.0pp | -5.6%-4.8pp | -0.8% |
| Current Ratio | 2.01+0.1 | 1.89-0.2 | 2.08-0.4 | 2.45+0.7 | 1.78+0.4 | 1.42+0.1 | 1.34-1.0 | 2.33 |
| Debt-to-Equity | 11.75+0.4 | 11.30+1.7 | 9.55+2.5 | 7.01-5.1 | 12.08-0.3 | 12.35-2.2 | 14.55+8.1 | 6.42 |
| FCF Margin | -7.5%-20.9pp | 13.4%+14.8pp | -1.4%-18.9pp | 17.4%+57.1pp | -39.7%-36.6pp | -3.1%-11.6pp | 8.5%+12.3pp | -3.8% |
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Frequently Asked Questions
What is Sinclair's annual revenue?
Sinclair (SBGI) reported $3.5B in total revenue for fiscal year 2024. This represents a 13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sinclair's revenue growing?
Sinclair (SBGI) revenue grew by 13.2% year-over-year, from $3.1B to $3.5B in fiscal year 2024.
Is Sinclair profitable?
Yes, Sinclair (SBGI) reported a net income of $310.0M in fiscal year 2024, with a net profit margin of 8.7%.
What is Sinclair's earnings per share (EPS)?
Sinclair (SBGI) reported diluted earnings per share of $4.69 for fiscal year 2024. This represents a 205.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Sinclair's EBITDA?
Sinclair (SBGI) had EBITDA of $801.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sinclair have?
As of fiscal year 2024, Sinclair (SBGI) had $697.0M in cash and equivalents against $4.1B in long-term debt.
What is Sinclair's operating margin?
Sinclair (SBGI) had an operating margin of 15.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sinclair's net profit margin?
Sinclair (SBGI) had a net profit margin of 8.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sinclair's return on equity (ROE)?
Sinclair (SBGI) has a return on equity of 53.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sinclair's free cash flow?
Sinclair (SBGI) generated $14.0M in free cash flow during fiscal year 2024. This represents a -90.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sinclair's operating cash flow?
Sinclair (SBGI) generated $98.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sinclair's total assets?
Sinclair (SBGI) had $5.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sinclair's capital expenditures?
Sinclair (SBGI) invested $84.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Sinclair's current ratio?
Sinclair (SBGI) had a current ratio of 2.45 as of fiscal year 2024, which is generally considered healthy.
What is Sinclair's debt-to-equity ratio?
Sinclair (SBGI) had a debt-to-equity ratio of 7.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sinclair's return on assets (ROA)?
Sinclair (SBGI) had a return on assets of 5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sinclair's Altman Z-Score?
Sinclair (SBGI) has an Altman Z-Score of 1.21, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Sinclair's Piotroski F-Score?
Sinclair (SBGI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sinclair's earnings high quality?
Sinclair (SBGI) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Sinclair cover its interest payments?
Sinclair (SBGI) has an interest coverage ratio of 1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Sinclair?
Sinclair (SBGI) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.