Sinclair Financials
Sinclair (SBGI) reported $3.2B in revenue for fiscal year 2025, down 10.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Debt-heavy financing makes reported operating rebounds fragile when interest expense absorbs much of the earnings recovery.
Cash conversion was weak in FY2024:$319M of net income produced only$98M of operating cash flow, so accounting profit did not closely track cash generation. In FY2025, a-$99M net loss coincided with$189M of operating cash flow, showing that earnings and cash are being driven by different timing or non-cash effects.
At FY2025, debt-to-equity was 9.8x and equity was only
The margin step-down from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sinclair's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sinclair has an operating margin of 5.5%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is down from 15.5% the prior year.
Sinclair's revenue declined 10.7% year-over-year, from $3.5B to $3.2B. This contraction results in a growth score of 34/100.
Sinclair has elevated debt relative to equity (D/E of 9.84), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.
With a current ratio of 2.42, Sinclair holds $2.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Sinclair has a free cash flow margin of 3.6%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Sinclair posts a -22.4% return on equity (ROE), meaning it loses $22 for every $100 of shareholders' equity. This results in a returns score of 39/100. This is down from 54.7% the prior year.
Sinclair scores 0.90, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Sinclair passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Sinclair reported a net loss of $99.0M while generating $189.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Sinclair earns $0.44 in operating income for every $1 of interest expense ($173.0M vs $395.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Sinclair generated $3.2B in revenue in fiscal year 2025. This represents a decrease of 10.7% from the prior year.
Sinclair's EBITDA was $422.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 47.3% from the prior year.
Sinclair reported -$99.0M in net income in fiscal year 2025. This represents a decrease of 131.0% from the prior year.
Sinclair earned -$1.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 134.3% from the prior year.
Cash & Balance Sheet
Sinclair generated $115.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 721.4% from the prior year.
Sinclair held $866.0M in cash against $4.4B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Sinclair's operating margin was 5.5% in fiscal year 2025, reflecting core business profitability. This is down 10.1 percentage points from the prior year.
Sinclair's net profit margin was -3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 12.1 percentage points from the prior year.
Sinclair's ROE was -22.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 77.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Sinclair repurchased no shares in fiscal year 2025.
Sinclair invested $74.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.9% from the prior year.
Not reported for fiscal year 2025.
SBGI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B-10.7% | $3.5B+13.2% | $3.1B-20.2% | $3.9B-36.0% | $6.1B |
| SG&A Expenses | $845.0M | $806.0M+1.5% | $794.0M+6.3% | $747.0M-8.0% | $812.0M-10.6% | $908.0M |
| Operating Income | $215.0M | $173.0M-68.6% | $551.0M+266.5% | -$331.0M-108.3% | $4.0B+4089.5% | $95.0M |
| Interest Expense | $334.0M | $395.0M+29.9% | $304.0M-0.3% | $305.0M+3.0% | $296.0M-52.1% | $618.0M |
| Income Tax | -$40.0M | -$54.0M-171.1% | $76.0M+121.2% | -$358.0M-139.2% | $913.0M+627.7% | -$173.0M |
| Net Income | $65.0M | -$99.0M-131.0% | $319.0M+214.3% | -$279.0M-110.3% | $2.7B+928.5% | -$326.0M |
| EPS (Diluted) | — | -$1.61-134.3% | $4.69+205.2% | -$4.46-111.9% | $37.54+781.3% | -$5.51 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SBGI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $5.9B+1.1% | $5.9B-3.3% | $6.1B-9.2% | $6.7B | N/A |
| Current Assets | $1.7B+14.5% | $1.5B+0.7% | $1.5B-12.4% | $1.7B | N/A |
| Cash & Equivalents | $866.0M+24.2% | $697.0M+5.3% | $662.0M-25.1% | $884.0M+7.9% | $819.0M |
| Accounts Receivable | $687.0M+7.8% | $637.0M+3.4% | $616.0M+0.7% | $612.0M | N/A |
| Goodwill | $2.1B+0.1% | $2.1B0.0% | $2.1B-0.3% | $2.1B0.0% | $2.1B |
| Total Liabilities | $5.6B+3.9% | $5.4B-8.4% | $5.9B+0.6% | $5.8B | N/A |
| Current Liabilities | $703.0M+16.2% | $605.0M-45.1% | $1.1B+81.4% | $608.0M | N/A |
| Long-Term Debt | $4.4B+6.5% | $4.1B-1.2% | $4.1B-2.1% | $4.2B | N/A |
| Total Equity | $443.0M-24.0% | $583.0M+104.6% | $285.0M-61.9% | $748.0M+143.8% | -$1.7B |
| Retained Earnings | -$171.0M-1810.0% | $10.0M+104.3% | -$234.0M-291.8% | $122.0M | N/A |
Not reported in any period shown, so not listed: Inventory.
SBGI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $171.0M | $189.0M+92.9% | $98.0M-58.3% | $235.0M-70.6% | $799.0M+144.3% | $327.0M |
| Capital Expenditures | $76.0M | $74.0M-11.9% | $84.0M-8.7% | $92.0M-12.4% | $105.0M+31.3% | $80.0M |
| Free Cash Flow | $95.0M | $115.0M+721.4% | $14.0M-90.2% | $143.0M-79.4% | $694.0M+181.0% | $247.0M |
| Investing Cash Flow | -$64.0M | -$120.0M-255.8% | $77.0M+48.1% | $52.0M+113.6% | -$381.0M-54.9% | -$246.0M |
| Financing Cash Flow | -$119.0M | $100.0M+171.4% | -$140.0M+72.5% | -$509.0M-44.2% | -$353.0M+32.6% | -$524.0M |
| Dividends Paid | $71.0M | $69.0M+4.5% | $66.0M+1.5% | $65.0M-7.1% | $70.0M+16.7% | $60.0M |
| Share Buybacks | N/A | $0 | $0-100.0% | $153.0M+27.5% | $120.0M+96.7% | $61.0M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SBGI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Margin | 5.5%-10.1pp | 15.5%+26.1pp | -10.6% | 101.3% | 1.6% |
| Net Margin | -3.1%-12.1pp | 9.0%+17.9pp | -8.9%-77.7pp | 68.8%+74.1pp | -5.3% |
| Return on Equity | -22.4%-77.1pp | 54.7%+152.6pp | -97.9%-459.0pp | 361.1% | N/A |
| Return on Assets | -1.7%-7.1pp | 5.4%+10.0pp | -4.6%-44.9pp | 40.3% | N/A |
| Current Ratio | 2.420.0x | 2.45+1.1x | 1.34-1.4x | 2.77 | N/A |
| Debt-to-Equity | 9.84+2.8x | 7.02-7.5x | 14.52+8.9x | 5.65 | N/A |
| FCF Margin | 3.6%+3.2pp | 0.4%-4.2pp | 4.6%-13.1pp | 17.7%+13.6pp | 4.0% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.
Similar Companies
Where Sinclair Ranks
Frequently Asked Questions
What is Sinclair's annual revenue?
Sinclair (SBGI) reported $3.2B in total revenue for fiscal year 2025. This represents a -10.7% 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 declined by 10.7% year-over-year, from $3.5B to $3.2B in fiscal year 2025.
Is Sinclair profitable?
No, Sinclair (SBGI) reported a net income of -$99.0M in fiscal year 2025, with a net profit margin of -3.1%.
What is Sinclair's EBITDA?
Sinclair (SBGI) had EBITDA of $422.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sinclair have?
As of fiscal year 2025, Sinclair (SBGI) had $866.0M in cash and equivalents against $4.4B in long-term debt.
What is Sinclair's operating margin?
Sinclair (SBGI) had an operating margin of 5.5% in fiscal year 2025, 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 -3.1% in fiscal year 2025, 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 -22.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sinclair's free cash flow?
Sinclair (SBGI) generated $115.0M in free cash flow during fiscal year 2025. This represents a 721.4% 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 $189.0M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.
What are Sinclair's capital expenditures?
Sinclair (SBGI) invested $74.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Sinclair's current ratio?
Sinclair (SBGI) had a current ratio of 2.42 as of fiscal year 2025, which is generally considered healthy.
What is Sinclair's debt-to-equity ratio?
Sinclair (SBGI) had a debt-to-equity ratio of 9.84 as of fiscal year 2025, 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 -1.7% for fiscal year 2025, 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 0.90, 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 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sinclair's earnings high quality?
Sinclair (SBGI) reported a net loss of $99.0M while generating $189.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 0.44x, 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 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.