Sinclair, Inc. (SBGI)
Sinclair, Inc., a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs. This segment operates The Nest, a free over-the-air national broadcast TV network; Comet, a science fiction network; CHARGE!, an adventure and action-based network; The National News Desk, a news program; and Full Measure with Sharyl Attkisson, an investigative and political analysis program, as well as podcasts related to soccer and sports programming. Its Tennis segment offers Tennis Channel, a cable network that includes coverage of tennis' top tournaments and original professional sports, and tennis lifestyle shows; Tennis Channel International and Tennis Channel streaming services; Tennischannel 2, a 24-hours a day free ad-supported streaming television channel; Tennis.com; and FAST Channel Pickleballtv. The company also provides non-broadcast digital and internet solutions; and technical sales and services, including the design and manufacture of broadcast systems. In addition, it owns various investments in non-media related companies. The company distributes its content through its broadcast platform and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, sports, and other original programming. The company was founded in 1971 and is headquartered in Hunt Valley, Maryland.
- Symbol
- SBGI
- Exchange
- Nasdaq
- Sector
- Communication Services
- Industry
- Broadcasting
- Market cap
- $950.31M
- 52 week range
- 12.46 - 17.88
Valuation
- Share price
- $13.17 (close of 2026-09-22)
- P/E (TTM)
- 16.06x
- Price to book
- 3.13x
- Price to free cash flow
- 10.00x
- Enterprise value
- $4.54B
- Book value per share
- $4.21
Price performance
| Period | Change |
|---|
| 1 day | -0.30% |
| 5 days | -6.66% |
| 1 month | -8.61% |
| 3 months | -3.23% |
| 6 months | -0.53% |
| Year to date | -13.92% |
| 1 year | -7.45% |
| 3 years | +13.83% |
| 5 years | -54.41% |
| 10 years | -49.85% |
| All time | +9.20% |
Profitability and growth
- Return on equity
- -30.27%
- Return on invested capital
- 4.30%
- Return on assets
- -1.88%
- Return on capital employed
- 3.30%
- Gross margin
- 11.30%
- Net margin
- -3.53%
- EBITDA margin
- 13.32%
- Revenue growth
- -10.68%
- Net income growth
- -136.13%
- Free cash flow growth
- 721.43%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.00%
- Current ratio
- 1.94x
- Net debt to EBITDA
- 5.66x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.17B
- Cost of revenue
- $2.81B
- Gross profit
- $358.00M
- EBITDA
- $422.00M
- Net income
- $-112.00M
- Earnings per share
- $-1.61
- Shares outstanding
- 69.12M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.17B | $358.00M | $-112.00M | $-1.61 |
| 2024-12-31 | $3.55B | $736.00M | $310.00M | $4.72 |
| 2023-12-31 | $3.13B | $363.00M | $-291.00M | $-4.46 |
| 2022-12-31 | $3.93B | - | $2.65B | $37.54 |
| 2021-12-31 | $6.13B | $265.00M | $-414.00M | $-5.51 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 11.30% | -3.53% | -30.27% | 4.30% |
| 2024-12-31 | 20.74% | 8.74% | 60.08% | 11.59% |
| 2023-12-31 | 11.58% | -9.29% | -131.67% | -4.24% |
| 2022-12-31 | - | 67.52% | 389.43% | 72.35% |
| 2021-12-31 | 4.32% | -6.75% | 24.27% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $866.00M | $4.35B |
| 2024-12-31 | $697.00M | $4.09B |
| 2023-12-31 | $662.00M | $4.15B |
| 2022-12-31 | $884.00M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $115.00M | $51.00M |
| 2024-12-31 | $14.00M | $51.00M |
| 2023-12-31 | $143.00M | $45.00M |
| 2022-12-31 | $694.00M | $50.00M |
| 2021-12-31 | $247.00M | $60.00M |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $1.00
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.25 |
| 2026-05-26 | $0.25 |
| 2026-03-10 | $0.25 |
| 2025-12-01 | $0.25 |
| 2025-08-29 | $0.25 |
| 2025-05-30 | $0.25 |
| 2025-03-10 | $0.25 |
| 2024-12-02 | $0.25 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.23
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-04-30 | - | - |
| 2026-02-25 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-26 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- sbgi.net
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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