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Side-by-side financial comparison of TopBuild Corp (BLD) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.

TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $836.0M, roughly 1.8× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 7.0%, a 6.0% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs -16.7%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $79.0M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 2.4%).

HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.

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 ...

BLD vs SBGI — Head-to-Head

Bigger by revenue
BLD
BLD
1.8× larger
BLD
$1.5B
$836.0M
SBGI
Growing faster (revenue YoY)
BLD
BLD
+29.9% gap
BLD
13.2%
-16.7%
SBGI
Higher net margin
SBGI
SBGI
6.0% more per $
SBGI
13.0%
7.0%
BLD
More free cash flow
BLD
BLD
$80.4M more FCF
BLD
$159.4M
$79.0M
SBGI
Faster 2-yr revenue CAGR
BLD
BLD
Annualised
BLD
7.8%
2.4%
SBGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLD
BLD
SBGI
SBGI
Revenue
$1.5B
$836.0M
Net Profit
$104.5M
$109.0M
Gross Margin
27.2%
Operating Margin
12.1%
9.6%
Net Margin
7.0%
13.0%
Revenue YoY
13.2%
-16.7%
Net Profit YoY
-30.6%
-38.1%
EPS (diluted)
$3.69
$1.62

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.

Revenue
BLD
BLD
SBGI
SBGI
Q4 25
$1.5B
$836.0M
Q3 25
$1.4B
$773.0M
Q2 25
$1.3B
$784.0M
Q1 25
$1.2B
$776.0M
Q4 24
$1.3B
$1.0B
Q3 24
$1.4B
$917.0M
Q2 24
$1.4B
$829.0M
Q1 24
$1.3B
$798.0M
Net Profit
BLD
BLD
SBGI
SBGI
Q4 25
$104.5M
$109.0M
Q3 25
$142.2M
$-1.0M
Q2 25
$151.6M
$-64.0M
Q1 25
$123.4M
$-156.0M
Q4 24
$150.5M
$176.0M
Q3 24
$169.0M
$94.0M
Q2 24
$150.7M
$17.0M
Q1 24
$152.4M
$23.0M
Gross Margin
BLD
BLD
SBGI
SBGI
Q4 25
27.2%
Q3 25
30.1%
Q2 25
30.4%
Q1 25
28.5%
Q4 24
29.9%
Q3 24
30.7%
Q2 24
31.0%
Q1 24
30.3%
Operating Margin
BLD
BLD
SBGI
SBGI
Q4 25
12.1%
9.6%
Q3 25
15.4%
7.5%
Q2 25
16.9%
2.7%
Q1 25
14.4%
1.8%
Q4 24
16.6%
26.5%
Q3 24
17.8%
19.5%
Q2 24
15.4%
7.7%
Q1 24
16.8%
5.3%
Net Margin
BLD
BLD
SBGI
SBGI
Q4 25
7.0%
13.0%
Q3 25
10.2%
-0.1%
Q2 25
11.7%
-8.2%
Q1 25
10.0%
-20.1%
Q4 24
11.5%
17.5%
Q3 24
12.3%
10.3%
Q2 24
11.0%
2.1%
Q1 24
11.9%
2.9%
EPS (diluted)
BLD
BLD
SBGI
SBGI
Q4 25
$3.69
$1.62
Q3 25
$5.04
$-0.02
Q2 25
$5.32
$-0.91
Q1 25
$4.23
$-2.30
Q4 24
$5.07
$2.64
Q3 24
$5.65
$1.43
Q2 24
$4.78
$0.27
Q1 24
$4.79
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLD
BLD
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$184.7M
$866.0M
Total DebtLower is stronger
$2.8B
$4.4B
Stockholders' EquityBook value
$2.3B
$443.0M
Total Assets
$6.6B
$5.9B
Debt / EquityLower = less leverage
1.23×
9.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLD
BLD
SBGI
SBGI
Q4 25
$184.7M
$866.0M
Q3 25
$1.1B
$526.0M
Q2 25
$842.5M
$616.0M
Q1 25
$308.8M
$631.0M
Q4 24
$400.3M
$697.0M
Q3 24
$257.3M
$536.0M
Q2 24
$463.2M
$378.0M
Q1 24
$968.8M
$655.0M
Total Debt
BLD
BLD
SBGI
SBGI
Q4 25
$2.8B
$4.4B
Q3 25
$2.9B
$4.1B
Q2 25
$1.9B
$4.1B
Q1 25
$1.4B
$4.2B
Q4 24
$1.4B
$4.1B
Q3 24
$1.4B
$4.1B
Q2 24
$1.4B
$4.1B
Q1 24
$1.4B
$4.1B
Stockholders' Equity
BLD
BLD
SBGI
SBGI
Q4 25
$2.3B
$443.0M
Q3 25
$2.2B
$347.0M
Q2 25
$2.1B
$361.0M
Q1 25
$2.1B
$436.0M
Q4 24
$2.2B
$583.0M
Q3 24
$2.1B
$415.0M
Q2 24
$2.4B
$340.0M
Q1 24
$2.7B
$333.0M
Total Assets
BLD
BLD
SBGI
SBGI
Q4 25
$6.6B
$5.9B
Q3 25
$6.4B
$5.6B
Q2 25
$5.1B
$5.7B
Q1 25
$4.6B
$5.8B
Q4 24
$4.7B
$5.9B
Q3 24
$4.7B
$5.8B
Q2 24
$4.9B
$5.7B
Q1 24
$5.3B
$6.0B
Debt / Equity
BLD
BLD
SBGI
SBGI
Q4 25
1.23×
9.84×
Q3 25
1.29×
11.75×
Q2 25
0.88×
11.30×
Q1 25
0.65×
9.56×
Q4 24
0.62×
7.02×
Q3 24
0.66×
9.86×
Q2 24
0.59×
12.08×
Q1 24
0.52×
12.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLD
BLD
SBGI
SBGI
Operating Cash FlowLast quarter
$176.7M
$98.0M
Free Cash FlowOCF − Capex
$159.4M
$79.0M
FCF MarginFCF / Revenue
10.7%
9.4%
Capex IntensityCapex / Revenue
1.2%
2.3%
Cash ConversionOCF / Net Profit
1.69×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$696.9M
$115.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLD
BLD
SBGI
SBGI
Q4 25
$176.7M
$98.0M
Q3 25
$233.3M
$-36.0M
Q2 25
$193.7M
$122.0M
Q1 25
$152.6M
$5.0M
Q4 24
$266.2M
$198.0M
Q3 24
$240.7M
$210.0M
Q2 24
$90.4M
$-306.0M
Q1 24
$178.8M
$-4.0M
Free Cash Flow
BLD
BLD
SBGI
SBGI
Q4 25
$159.4M
$79.0M
Q3 25
$216.2M
$-58.0M
Q2 25
$182.2M
$105.0M
Q1 25
$139.2M
$-11.0M
Q4 24
$253.7M
$175.0M
Q3 24
$219.8M
$193.0M
Q2 24
$74.3M
$-329.0M
Q1 24
$158.9M
$-25.0M
FCF Margin
BLD
BLD
SBGI
SBGI
Q4 25
10.7%
9.4%
Q3 25
15.5%
-7.5%
Q2 25
14.0%
13.4%
Q1 25
11.3%
-1.4%
Q4 24
19.3%
17.4%
Q3 24
16.0%
21.0%
Q2 24
5.4%
-39.7%
Q1 24
12.4%
-3.1%
Capex Intensity
BLD
BLD
SBGI
SBGI
Q4 25
1.2%
2.3%
Q3 25
1.2%
2.8%
Q2 25
0.9%
2.2%
Q1 25
1.1%
2.1%
Q4 24
1.0%
2.3%
Q3 24
1.5%
1.9%
Q2 24
1.2%
2.8%
Q1 24
1.6%
2.6%
Cash Conversion
BLD
BLD
SBGI
SBGI
Q4 25
1.69×
0.90×
Q3 25
1.64×
Q2 25
1.28×
Q1 25
1.24×
Q4 24
1.77×
1.13×
Q3 24
1.42×
2.23×
Q2 24
0.60×
-18.00×
Q1 24
1.17×
-0.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLD
BLD

Distribution Segment$755.4M51%
Residential$557.9M38%
All Other Products$91.9M6%
Glass And Windows$51.5M3%
Rain Gutters$27.1M2%

SBGI
SBGI

Distribution Revenue$384.0M46%
Core Advertising Revenue$312.0M37%
Tennis Segment$62.0M7%
Other$40.0M5%
Other Media Non Media Revenuesand Intercompany Revenues$24.0M3%
Political Advertising Revenue$14.0M2%

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