# Sinclair, Inc.: overview

SBGI · Nasdaq · CIK 1971213 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sbgi.md) · [Financials](/companies/sbgi/financials.md) · [Filings](/companies/sbgi/filings.md) · [Insiders](/companies/sbgi/insiders.md)

Latest reported revenue: [$840.0m](/filings/0001971213-26-000038.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001971213-26-000038).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [917](/filings/0001971213-25-000073.md) | [1,004 d](/filings/0001971213-26-000012.md) | [776](/filings/0001971213-26-000025.md) | [784](/filings/0001971213-26-000038.md) | [773](/filings/0001971213-25-000073.md) | [836 d](/filings/0001971213-26-000012.md) | [807](/filings/0001971213-26-000025.md) | [840](/filings/0001971213-26-000038.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.5%](/filings/0001971213-25-000073.md) | [26.5% d](/filings/0001971213-26-000012.md) | [1.8%](/filings/0001971213-26-000025.md) | [2.7%](/filings/0001971213-26-000038.md) | [7.5%](/filings/0001971213-25-000073.md) | [9.6% d](/filings/0001971213-26-000012.md) | [3.3%](/filings/0001971213-26-000025.md) | [6.0%](/filings/0001971213-26-000038.md) |
| Net margin | % | [10.3%](/filings/0001971213-25-000073.md) | [17.5% d](/filings/0001971213-26-000012.md) | [(20.1%)](/filings/0001971213-26-000025.md) | [(8.2%)](/filings/0001971213-26-000038.md) | [(0.1%)](/filings/0001971213-25-000073.md) | [13.0% d](/filings/0001971213-26-000012.md) | [2.5%](/filings/0001971213-26-000025.md) | [(9.0%)](/filings/0001971213-26-000038.md) |
| Diluted EPS | $ per share | [1.43](/filings/0001971213-25-000073.md) | not reported | [(2.30)](/filings/0001971213-26-000025.md) | [(0.91)](/filings/0001971213-26-000038.md) | [(0.02)](/filings/0001971213-25-000073.md) | not reported | [0.28](/filings/0001971213-26-000025.md) | [(1.06)](/filings/0001971213-26-000038.md) |
| Free cash flow | $m | [193 d](/filings/0001971213-25-000073.md) | [175 d](/filings/0001971213-26-000012.md) | [(11.0)](/filings/0001971213-26-000025.md) | [105 d](/filings/0001971213-26-000038.md) | [(58.0) d](/filings/0001971213-25-000073.md) | [79.0 d](/filings/0001971213-26-000012.md) | [28.0](/filings/0001971213-26-000025.md) | [46.0 d](/filings/0001971213-26-000038.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,134](/filings/0001971213-24-000011.md) | [3,928](/filings/0001971213-25-000012.md) | [3,134](/filings/0001971213-26-000012.md) | [3,548](/filings/0001971213-26-000012.md) | [3,169](/filings/0001971213-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [1.5%](/filings/0001971213-24-000011.md) | [101.3%](/filings/0001971213-25-000012.md) | [(10.6%)](/filings/0001971213-26-000012.md) | [15.5%](/filings/0001971213-26-000012.md) | [5.5%](/filings/0001971213-26-000012.md) |
| Net margin | % | [(6.7%)](/filings/0001971213-24-000011.md) | [67.5%](/filings/0001971213-25-000012.md) | [(9.3%)](/filings/0001971213-26-000012.md) | [8.7%](/filings/0001971213-26-000012.md) | [(3.5%)](/filings/0001971213-26-000012.md) |
| Diluted EPS | $ per share | [(5.51)](/filings/0001971213-24-000011.md) | [37.54](/filings/0001971213-25-000012.md) | [(4.46)](/filings/0001971213-26-000012.md) | [4.69](/filings/0001971213-26-000012.md) | [(1.61)](/filings/0001971213-26-000012.md) |
| Free cash flow | $m | [247](/filings/0001971213-24-000011.md) | [694](/filings/0001971213-25-000012.md) | [143](/filings/0001971213-26-000012.md) | [14.0](/filings/0001971213-26-000012.md) | [115](/filings/0001971213-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sbgi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [GAMCO INVESTORS, INC. ET AL](/funds/807249.md) | 2026-06-30 | $56.1m | 3,936,001 |  | Reduced −51,343 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $49.6m | 3,479,693 |  | Added +571,661 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $27.4m | 1,919,631 |  | Added +14,420 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $25.4m | 1,784,117 |  | Added +161,323 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $25.2m | 1,765,747 |  | Added +74,315 |
| [CAPITAL MANAGEMENT CORP /VA](/funds/1074273.md) | 2026-06-30 | $20.1m | 1,408,982 |  | Added +106,040 |
| [Madison Avenue Partners, LP](/funds/1801265.md) | 2026-06-30 | $19.7m | 1,383,470 |  | Reduced −90,014 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $17.8m | 1,251,051 |  | Reduced −409,877 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $15.8m | 1,111,461 |  | Added +130,069 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $15.5m | 1,085,624 |  | Added +301,053 |

## Recent filings

[All 228 filings](/companies/sbgi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-28 | 21:01 ET | [8-K](/filings/0001971213-26-000041.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001971213-26-000041 |
| 2026-08-05 | 20:11 ET | [10-Q](/filings/0001971213-26-000038.md) | Quarterly report, period 2026-06-30 | 0001971213-26-000038 |
| 2026-08-05 | 20:01 ET | [8-K](/filings/0001971213-26-000037.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001971213-26-000037 |
| 2026-06-05 | 12:01 ET | [8-K](/filings/0001971213-26-000027.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001971213-26-000027 |
| 2026-05-08 | 13:56 ET | [SCHEDULE 13D/A](/filings/0001016817-26-000010.md) | Ownership report, active investor, amended | 0001016817-26-000010 |
| 2026-05-06 | 16:12 ET | [10-Q](/filings/0001971213-26-000025.md) | Quarterly report, period 2026-03-31 | 0001971213-26-000025 |
| 2026-04-30 | 20:06 ET | [8-K](/filings/0001971213-26-000022.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001971213-26-000022 |
| 2026-04-23 | 14:29 ET | [DEF 14A](/filings/0001971213-26-000017.md) | Proxy statement, period 2025-12-31 | 0001971213-26-000017 |
| 2026-04-02 | 20:16 ET | [SCHEDULE 13D/A](/filings/0000807249-26-000038.md) | Ownership report, active investor, amended | 0000807249-26-000038 |
| 2026-02-27 | 19:27 ET | [10-K](/filings/0001971213-26-000012.md) | Annual report, period 2025-12-31 | 0001971213-26-000012 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001971213-26-000012.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/ac795167-c1ac-45a2-9a6a-6af8a8a35ae6)

## About the filer

- CIK: 1971213
- Tickers: SBGI
- Exchange: Nasdaq
- SIC code: 4833 Television Broadcasting Stations
- State of incorporation: MD
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.