Sinclair, Inc. (SBGI) 10-Year Financial Performance & Capital Metrics

SBGI • • Industrial / General

Communication ServicesEntertainmentMedia Networks & BroadcastingBroadcast Television Networks

AboutSinclair, Inc. owns and operates as a broadcast television company. The Company engages consumers on multiple platforms with relevant and compelling news, entertainment, and sports content, as well as provides advertisers and businesses efficient means and value to connect with our mass audiences.Show more

Revenue $3.55B +13.2%
EBITDA $801M +1435.0%
Net Income $310M +206.5%
EPS (Diluted) 4.69 +204.9%
Gross Margin 51.69% +9.9%
EBITDA Margin 22.58% +1279.2%
Operating Margin 15.53% +247.0%
Net Margin 8.74% +194.1%
ROE 84.12% +230.4%
ROIC 10.32% +269.4%
Debt/Equity 8.30 -57.8%
Interest Coverage 1.81 +267.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 136.3%
✓Strong 5Y profit CAGR of 45.8%
✓11 consecutive years of dividend growth

✗Weaknesses

✗High debt to equity ratio of 8.3x
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.02%

5Y-3.5%

3Y-16.68%

TTM-0.98%

Profit (Net Income) CAGR

10Y3.86%

5Y45.83%

3Y-

TTM78.26%

EPS CAGR

10Y8.01%

5Y32.93%

3Y-

TTM81.6%

ROCE

10Y Avg8.03%

5Y Avg6.36%

3Y Avg16.81%

Latest10.74%

Peer Comparison

Broadcast Television Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NWSNews Corporation	5.69B	30.70	14.83	2.42%	13.8%	12.6%	12.77%	0.31
FOXAFox Corporation	15.12B	72.55	14.78	16.6%	12.35%	16.42%	19.8%	0.60
FOXFox Corporation	15.46B	65.62	13.36	16.6%	12.35%	16.42%	19.36%	0.60
NWSANews Corporation	9.9B	26.70	12.90	2.42%	13.8%	12.6%	7.34%	0.31
NXSTNexstar Media Group, Inc.	6.62B	218.29	10.20	9.61%	10.04%	22.64%	16.69%	3.00
SBGISinclair, Inc.	693.22M	15.10	3.22	13.21%	-1.35%	-16.3%	2.02%	8.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.22B	2.74B	2.73B	3.06B	4.24B	5.94B	6.13B	3.93B	3.13B	3.55B
Revenue Growth %	0.12%	0.23%	-0%	0.12%	0.39%	0.4%	0.03%	-0.36%	-0.2%	0.13%
Cost of Goods Sold+	898.21M	1.15B	1.23B	1.19B	2.32B	2.91B	4.44B	2.08B	1.66B	1.71B
COGS % of Revenue	0.4%	0.42%	0.45%	0.39%	0.55%	0.49%	0.72%	0.53%	0.53%	0.48%
Gross Profit+	1.32B	1.59B	1.51B	1.86B	1.92B	3.03B	1.69B	1.85B	1.47B	1.83B
Gross Margin %	0.6%	0.58%	0.55%	0.61%	0.45%	0.51%	0.28%	0.47%	0.47%	0.52%
Gross Profit Growth %	0.07%	0.2%	-0.05%	0.24%	0.03%	0.58%	-0.44%	0.09%	-0.2%	0.24%
Operating Expenses+	897.92M	989.43M	1.05B	1.24B	1.45B	5.8B	1.6B	-2.13B	1.8B	1.28B
OpEx % of Revenue	0.4%	0.36%	0.38%	0.41%	0.34%	0.98%	0.26%	-0.54%	0.58%	0.36%
Selling, General & Admin	620.59M	703.02M	762.31M	841.89M	1.12B	980M	1.08B	972M	1.44B	979M
SG&A % of Revenue	0.28%	0.26%	0.28%	0.28%	0.26%	0.16%	0.18%	0.25%	0.46%	0.28%
Research & Development	12.44M	4.08M	10M	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	1.54M	3.14M	8.88M	3.37M	332M	4.82B	520M	-3.1B	364M	304M
Operating Income+	422.74M	602.85M	737.51M	659.66M	470M	-2.77B	95M	3.98B	-331M	551M
Operating Margin %	0.19%	0.22%	0.27%	0.22%	0.11%	-0.47%	0.02%	1.01%	-0.11%	0.16%
Operating Income Growth %	-0.15%	0.43%	0.22%	-0.11%	-0.29%	-6.9%	1.03%	40.89%	-1.08%	2.66%
EBITDA+	687.62M	1.01B	1.13B	1.04B	937M	-1.97B	763M	4.3B	-60M	801M
EBITDA Margin %	0.31%	0.37%	0.41%	0.34%	0.22%	-0.33%	0.12%	1.09%	-0.02%	0.23%
EBITDA Growth %	-0.05%	0.47%	0.11%	-0.08%	-0.1%	-3.1%	1.39%	4.64%	-1.01%	14.35%
D&A (Non-Cash Add-back)	264.89M	410.2M	391.45M	380.99M	467M	805M	668M	321M	271M	250M
EBIT	425.24M	584.03M	731.06M	602M	440M	1.46B	46M	623M	-332M	699M
Net Interest Income+	-191.45M	-211.14M	-212M	-292M	-422M	-656M	-618M	-296M	-305M	-304M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	191.45M	211.14M	212.31M	291.98M	422M	656M	618M	296M	305M	304M
Other Income/Expense	-188.94M	-229.96M	-218M	-350M	-269M	-377M	-594M	-366M	-306M	-156M
Pretax Income+	233.79M	372.89M	518.74M	310.22M	201M	-3.15B	-499M	3.61B	-637M	395M
Pretax Margin %	0.11%	0.14%	0.19%	0.1%	0.05%	-0.53%	-0.08%	0.92%	-0.2%	0.11%
Income Tax+	57.69M	122.13M	-75.36M	-35.77M	96M	-720M	-173M	913M	-358M	76M
Effective Tax Rate %	0.73%	0.66%	1.11%	1.1%	0.23%	0.77%	0.83%	0.73%	0.46%	0.78%
Net Income+	171.52M	245.3M	576.01M	341.24M	47M	-2.41B	-414M	2.65B	-291M	310M
Net Margin %	0.08%	0.09%	0.21%	0.11%	0.01%	-0.41%	-0.07%	0.68%	-0.09%	0.09%
Net Income Growth %	-0.19%	0.43%	1.35%	-0.41%	-0.86%	-52.36%	0.83%	7.41%	-1.11%	2.07%
Net Income (Continuing)	176.1M	250.76M	594M	346M	105M	-2.43B	-326M	2.7B	-279M	319M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-26.13M	-30.05M	-34.37M	-38.52M	192M	89M	64M	-67M	-64M	-67M
EPS (Diluted)+	1.79	2.60	5.72	3.35	1.13	-30.20	-5.52	37.53	-4.47	4.69
EPS Growth %	-0.18%	0.45%	1.2%	-0.41%	-0.66%	-27.73%	0.82%	7.8%	-1.12%	2.05%
EPS (Basic)	1.81	2.62	5.77	3.38	1.14	-30.20	-5.52	37.54	-4.47	4.71
Diluted Shares Outstanding	95.73M	94.43M	100.79M	101.72M	93.19M	79.92M	75.05M	70.66M	65.13M	66.1M
Basic Shares Outstanding	95M	93.57M	99.84M	100.91M	92.02M	79.92M	75.05M	70.65M	65.13M	65.78M
Dividend Payout Ratio	0.37%	0.27%	0.12%	0.22%	1.55%	-	-	0.03%	-	0.21%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	701.76M	905.09M	1.71B	1.78B	2.91B	3.22B	2.47B	1.68B	1.48B	1.49B
Cash & Short-Term Investments	149.97M	259.98M	681.33M	1.06B	1.33B	1.26B	816M	884M	662M	697M
Cash Only	149.97M	259.98M	681.33M	1.06B	1.33B	1.26B	816M	884M	662M	697M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	516.9M	603.05M	666M	599M	1.24B	1.29B	1.4B	617M	624M	642M
Days Sales Outstanding	85.02	80.42	88.91	71.56	106.31	79.23	83.13	57.33	72.67	66.05
Inventory	7.99M	5.78M	313.11M	0	0	0	0	0	0	0
Days Inventory Outstanding	3.25	1.83	93.12	-	-	-	-	-	-	-
Other Current Assets	100.28M	200K	412.65M	0	232M	170M	173M	182M	189M	146M
Total Non-Current Assets+	4.73B	5.06B	5.07B	4.79B	14.46B	10.16B	10.07B	5.02B	4.61B	4.4B
Property, Plant & Equipment	626.03M	627.49M	651.24M	648.49M	962M	995M	1.02B	854M	838M	828M
Fixed Asset Turnover	3.54x	4.36x	4.20x	4.71x	4.41x	5.97x	6.02x	4.60x	3.74x	4.29x
Goodwill	1.93B	1.99B	2.12B	2.12B	4.72B	2.09B	2.09B	2.09B	2.08B	2.08B
Intangible Assets	1.88B	2.1B	1.96B	1.79B	8.13B	5.79B	5.24B	1.1B	929M	780M
Long-Term Investments	116.03M	168.57M	184.25M	117M	511M	901M	1.08B	555M	515M	430M
Other Non-Current Assets	63.26M	52.06M	38.4M	39.75M	133M	185M	348M	428M	246M	280M
Total Assets+	5.43B	5.96B	6.78B	6.57B	17.37B	13.38B	12.54B	6.7B	6.08B	5.88B
Asset Turnover	0.41x	0.46x	0.40x	0.46x	0.24x	0.44x	0.49x	0.59x	0.52x	0.60x
Asset Growth %	-0%	0.1%	0.14%	-0.03%	1.64%	-0.23%	-0.06%	-0.47%	-0.09%	-0.03%
Total Current Liabilities+	535M	636.47M	726.35M	572.59M	1.13B	1.03B	1.2B	608M	1.1B	605M
Accounts Payable	0	0	101.36M	99M	115M	90M	154M	125M	142M	107M
Days Payables Outstanding	-	-	30.14	30.34	18.1	11.28	12.66	21.98	31.22	22.79
Short-Term Debt	167.35M	174.74M	161.05M	42.56M	71M	58M	69M	38M	36M	38M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	106.73M	135.87M	184.03M	52.91M	291M	448M	488M	167M	806M	161M
Current Ratio	1.31x	1.42x	2.36x	3.12x	2.57x	3.11x	2.06x	2.77x	1.34x	2.45x
Quick Ratio	1.30x	1.41x	1.93x	3.12x	2.57x	3.11x	2.06x	2.77x	1.34x	2.45x
Cash Conversion Cycle	-	-	151.89	-	-	-	-	-	-	-
Total Non-Current Liabilities+	4.4B	4.77B	4.52B	4.4B	14.54B	13.53B	13.04B	5.42B	4.76B	4.76B
Long-Term Debt	3.69B	4.03B	3.89B	3.81B	12.37B	12.49B	12.27B	4.23B	4.12B	4.06B
Capital Lease Obligations	47.83M	14.18M	44.18M	36.98M	217M	198M	205M	154M	173M	164M
Deferred Tax Liabilities	585.07M	609.32M	515.24M	413.25M	407M	0	0	610M	252M	335M
Other Non-Current Liabilities	77.72M	116.15M	76.74M	549.3M	1.55B	842M	569M	424M	94M	96M
Total Liabilities	4.93B	5.41B	5.25B	4.97B	15.68B	14.57B	14.25B	6.02B	5.86B	5.37B
Total Debt+	3.85B	4.2B	4.05B	3.89B	12.69B	12.78B	12.58B	4.44B	4.35B	4.28B
Net Debt	3.7B	3.94B	3.37B	2.83B	11.36B	11.52B	11.76B	3.56B	3.69B	3.58B
Debt / Equity	7.71x	7.53x	2.64x	2.43x	7.49x	-	-	6.52x	19.67x	8.30x
Debt / EBITDA	5.61x	4.15x	3.59x	3.74x	13.55x	-	16.49x	1.03x	-	5.34x
Net Debt / EBITDA	5.39x	3.89x	2.98x	2.72x	12.12x	-	15.42x	0.83x	-	4.47x
Interest Coverage	2.21x	2.86x	3.47x	2.26x	1.11x	-4.23x	0.15x	13.45x	-1.09x	1.81x
Total Equity+	499.68M	557.94M	1.53B	1.6B	1.69B	-1.19B	-1.71B	681M	221M	516M
Equity Growth %	0.23%	0.12%	1.75%	0.04%	0.06%	-1.7%	-0.44%	1.4%	-0.68%	1.33%
Book Value per Share	5.22	5.91	15.22	15.73	18.18	-14.83	-22.73	9.64	3.39	7.81
Total Shareholders' Equity	525.81M	587.98M	1.57B	1.64B	1.5B	-1.27B	-1.77B	748M	285M	583M
Common Stock	947K	903K	1.02M	946K	1M	1M	1M	1M	1M	1M
Retained Earnings	-437.03M	-255.8M	248.84M	517.62M	492M	-1.99B	-2.46B	122M	-234M	10M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-834K	-807K	-1.42M	-784K	-2M	-10M	-2M	1M	1M	2M
Minority Interest	-26.13M	-30.05M	-34.37M	-38.52M	192M	89M	64M	-67M	-64M	-67M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	400.69M	591.77M	431.1M	647.42M	916M	1.55B	327M	799M	235M	98M
Operating CF Margin %	0.18%	0.22%	0.16%	0.21%	0.22%	0.26%	0.05%	0.2%	0.07%	0.03%
Operating CF Growth %	-0.07%	0.48%	-0.27%	0.5%	0.41%	0.69%	-0.79%	1.44%	-0.71%	-0.58%
Net Income	176.1M	250.76M	594.1M	346M	105M	-2.43B	-326M	2.7B	-279M	319M
Depreciation & Amortization	264.89M	282.32M	275.93M	280.09M	1.06B	1.75B	2.94B	647M	271M	250M
Stock-Based Compensation	18.32M	16.94M	15.89M	26.52M	33M	52M	60M	50M	45M	51M
Deferred Taxes	-28.45M	6.12M	-159.46M	-102.62M	-5M	-604M	-92M	906M	-358M	82M
Other Non-Cash Items	135.97M	140.92M	-124.05M	179.64M	-433M	2.69B	-1.95B	-3.45B	175M	-23M
Working Capital Changes	-166.13M	-105.29M	-171.3M	-82.2M	155M	90M	-311M	-53M	381M	-581M
Change in Receivables	-38.67M	-71.72M	-41.91M	-36.68M	70M	70M	-187M	20M	-8M	-28M
Change in Inventory	-112.53M	-112.47M	-120.88M	-117.89M	0	0	-185M	0	0	0
Change in Payables	-18.13M	60.09M	34.86M	23.67M	334M	-3M	113M	-14M	512M	-495M
Cash from Investing+	-151.31M	-606M	-198.03M	-118.21M	-9.53B	-159M	-246M	-381M	52M	77M
Capital Expenditures	-108.43M	-94.47M	-83.81M	-105.06M	-156M	-157M	-80M	-105M	-92M	-84M
CapEx % of Revenue	0.05%	0.03%	0.03%	0.03%	0.04%	0.03%	0.01%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-26.55M	-41.22M	179.77M	22.66M	77M	153M	94M	15M	216M	211M
Cash from Financing+	-117.09M	124.25M	188.26M	-464.82M	8.89B	-1.46B	-524M	-353M	-509M	-140M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-62.73M	-65.91M	-71.36M	-74.57M	-106M	-99M	-65M	-77M	-65M	-66M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-15.51M	-43.86M	-23M	-7.11M	-270M	-551M	-154M	-21M	-16M	-13M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	292.26M	497.3M	347.29M	542.36M	760M	1.39B	247M	694M	143M	14M
FCF Margin %	0.13%	0.18%	0.13%	0.18%	0.18%	0.23%	0.04%	0.18%	0.05%	0%
FCF Growth %	1.26%	0.7%	-0.3%	0.56%	0.4%	0.83%	-0.82%	1.81%	-0.79%	-0.9%
FCF per Share	3.05	5.27	3.45	5.33	8.16	17.40	3.29	9.82	2.20	0.21
FCF Conversion (FCF/Net Income)	2.34x	2.41x	0.75x	1.90x	19.49x	-0.64x	-0.79x	0.30x	-0.81x	0.32x
Interest Paid	0	0	0	285M	283M	634M	583M	387M	294M	296M
Taxes Paid	0	0	0	17M	32M	11M	16M	18M	5M	3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	37.91%	46.39%	55.06%	21.77%	2.85%	-948.53%	-	389.43%	-64.52%	84.12%
Return on Invested Capital (ROIC)	7.44%	10.39%	11.76%	10.6%	4.03%	-17.77%	0.7%	41.76%	-6.09%	10.32%
Gross Margin	59.52%	57.96%	55.11%	61.02%	45.31%	51%	27.6%	47.15%	47.03%	51.69%
Net Margin	7.73%	8.96%	21.07%	11.17%	1.11%	-40.62%	-6.75%	67.52%	-9.29%	8.74%
Debt / Equity	7.71x	7.53x	2.64x	2.43x	7.49x	-	-	6.52x	19.67x	8.30x
Interest Coverage	2.21x	2.86x	3.47x	2.26x	1.11x	-4.23x	0.15x	13.45x	-1.09x	1.81x
FCF Conversion	2.34x	2.41x	0.75x	1.90x	19.49x	-0.64x	-0.79x	0.30x	-0.81x	0.32x
Revenue Growth	12.27%	23.33%	-0.1%	11.74%	38.79%	40.17%	3.21%	-35.96%	-20.21%	13.21%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Local Media	-	-	-	-	-	-	-	-	2.87B	3.25B
Local Media Growth	-	-	-	-	-	-	-	-	-	13.54%
Other Operating	-	-	-	-	-	-	-	-	-	76M
Other Operating Growth	-	-	-	-	-	-	-	-	-	-
Others	101.11M	206.44M	243.59M	340.42M	446M	451M	481M	473M	62M	-
Others Growth	-	104.16%	18.00%	39.75%	31.02%	1.12%	6.65%	-1.66%	-86.89%	-
Broadcast	-	-	-	-	-	2.92B	2.76B	3.07B	-	-
Broadcast Growth	-	-	-	-	-	-	-5.65%	11.39%	-	-
Local Sports	-	-	-	-	-	2.69B	3.06B	482M	-	-
Local Sports Growth	-	-	-	-	-	-	13.78%	-84.23%	-	-
Corporate and Other	-	-	-	-	-	-	-	473M	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Local News and Marketing Service	-	-	-	-	2.65B	-	-	-	-	-
Local News and Marketing Service Growth	-	-	-	-	-	-	-	-	-	-
Sports	-	-	-	-	1.14B	-	-	-	-	-
Sports Growth	-	-	-	-	-	-	-	-	-	-
Broadcast	2.12B	2.53B	2.49B	2.71B	-	-	-	-	-	-
Broadcast Growth	-	19.48%	-1.58%	9.00%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Sinclair, Inc. (SBGI) has a price-to-earnings (P/E) ratio of 3.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Sinclair, Inc. (SBGI) reported $3.34B in revenue for fiscal year 2024. This represents a 336% increase from $765.3M in 2011.

Sinclair, Inc. (SBGI) grew revenue by 13.2% over the past year. This is steady growth.

Sinclair, Inc. (SBGI) reported a net loss of $45.0M for fiscal year 2024.

Dividend & Returns

Yes, Sinclair, Inc. (SBGI) pays a dividend with a yield of 6.61%. This makes it attractive for income-focused investors.

Sinclair, Inc. (SBGI) has a return on equity (ROE) of 84.1%. This is excellent, indicating efficient use of shareholder capital.

Sinclair, Inc. (SBGI) generated $211.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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