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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $414.7M, roughly 1.9× BILL Holdings, Inc.). Sinclair, Inc. runs the higher net margin — 2.5% vs -0.6%, a 3.1% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 4.0%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -1.3%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
BILL vs SBGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $807.0M |
| Net Profit | $-2.6M | $20.0M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 0.0% |
| Net Margin | -0.6% | 2.5% |
| Revenue YoY | 14.4% | 4.0% |
| Net Profit YoY | -107.7% | — |
| EPS (diluted) | $-0.03 | $0.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $807.0M | ||
| Q4 25 | $414.7M | $836.0M | ||
| Q3 25 | $395.7M | $773.0M | ||
| Q2 25 | $383.3M | $784.0M | ||
| Q1 25 | $358.2M | $776.0M | ||
| Q4 24 | $362.6M | $1.0B | ||
| Q3 24 | $358.4M | $917.0M | ||
| Q2 24 | $343.7M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $-2.6M | $109.0M | ||
| Q3 25 | $-3.0M | $-1.0M | ||
| Q2 25 | $-7.1M | $-64.0M | ||
| Q1 25 | $-11.6M | $-156.0M | ||
| Q4 24 | $33.5M | $176.0M | ||
| Q3 24 | $8.9M | $94.0M | ||
| Q2 24 | $7.6M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — |
| Q1 26 | — | 0.0% | ||
| Q4 25 | -4.4% | 9.6% | ||
| Q3 25 | -5.2% | 7.5% | ||
| Q2 25 | -5.8% | 2.7% | ||
| Q1 25 | -8.1% | 1.8% | ||
| Q4 24 | -6.0% | 26.5% | ||
| Q3 24 | -2.1% | 19.5% | ||
| Q2 24 | -6.5% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | -0.6% | 13.0% | ||
| Q3 25 | -0.7% | -0.1% | ||
| Q2 25 | -1.8% | -8.2% | ||
| Q1 25 | -3.2% | -20.1% | ||
| Q4 24 | 9.3% | 17.5% | ||
| Q3 24 | 2.5% | 10.3% | ||
| Q2 24 | 2.2% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.03 | $1.62 | ||
| Q3 25 | $-0.03 | $-0.02 | ||
| Q2 25 | $0.02 | $-0.91 | ||
| Q1 25 | $-0.11 | $-2.30 | ||
| Q4 24 | $-0.06 | $2.64 | ||
| Q3 24 | $0.08 | $1.43 | ||
| Q2 24 | $0.37 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | — |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | — |
| Total Assets | $10.1B | — |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $866.0M | ||
| Q3 25 | $1.1B | $526.0M | ||
| Q2 25 | $1.0B | $616.0M | ||
| Q1 25 | $1.0B | $631.0M | ||
| Q4 24 | $1.6B | $697.0M | ||
| Q3 24 | $853.5M | $536.0M | ||
| Q2 24 | $985.9M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $4.4B | ||
| Q3 25 | $1.9B | $4.1B | ||
| Q2 25 | $1.7B | $4.1B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $914.8M | $4.1B | ||
| Q2 24 | $914.0M | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $443.0M | ||
| Q3 25 | $3.9B | $347.0M | ||
| Q2 25 | $3.9B | $361.0M | ||
| Q1 25 | $3.9B | $436.0M | ||
| Q4 24 | $3.8B | $583.0M | ||
| Q3 24 | $4.0B | $415.0M | ||
| Q2 24 | $4.1B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $5.9B | ||
| Q3 25 | $10.2B | $5.6B | ||
| Q2 25 | $10.1B | $5.7B | ||
| Q1 25 | $9.6B | $5.8B | ||
| Q4 24 | $9.7B | $5.9B | ||
| Q3 24 | $9.0B | $5.8B | ||
| Q2 24 | $9.2B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 9.84× | ||
| Q3 25 | 0.48× | 11.75× | ||
| Q2 25 | 0.44× | 11.30× | ||
| Q1 25 | 0.43× | 9.56× | ||
| Q4 24 | 0.44× | 7.02× | ||
| Q3 24 | 0.23× | 9.86× | ||
| Q2 24 | 0.22× | 12.08× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.3M | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $98.0M | ||
| Q3 25 | $96.9M | $-36.0M | ||
| Q2 25 | $83.8M | $122.0M | ||
| Q1 25 | $99.5M | $5.0M | ||
| Q4 24 | $78.7M | $198.0M | ||
| Q3 24 | $88.6M | $210.0M | ||
| Q2 24 | $78.6M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $79.0M | ||
| Q3 25 | $95.6M | $-58.0M | ||
| Q2 25 | $81.0M | $105.0M | ||
| Q1 25 | $98.4M | $-11.0M | ||
| Q4 24 | $78.3M | $175.0M | ||
| Q3 24 | $88.6M | $193.0M | ||
| Q2 24 | $78.4M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 9.4% | ||
| Q3 25 | 24.1% | -7.5% | ||
| Q2 25 | 21.1% | 13.4% | ||
| Q1 25 | 27.5% | -1.4% | ||
| Q4 24 | 21.6% | 17.4% | ||
| Q3 24 | 24.7% | 21.0% | ||
| Q2 24 | 22.8% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.3% | 2.1% | ||
| Q4 24 | 0.1% | 2.3% | ||
| Q3 24 | 0.0% | 1.9% | ||
| Q2 24 | 0.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 1.13× | ||
| Q3 24 | 9.94× | 2.23× | ||
| Q2 24 | 10.35× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
