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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $727.8M, roughly 1.1× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 2.5%, a 5.1% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 4.0%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -1.3%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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 ...
ESAB vs SBGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $807.0M |
| Net Profit | $54.8M | $20.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 0.0% |
| Net Margin | 7.5% | 2.5% |
| Revenue YoY | 8.5% | 4.0% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $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 | $727.8M | $836.0M | ||
| Q3 25 | $715.6M | $773.0M | ||
| Q2 25 | $678.1M | $784.0M | ||
| Q1 25 | — | $776.0M | ||
| Q4 24 | $670.8M | $1.0B | ||
| Q3 24 | $673.3M | $917.0M | ||
| Q2 24 | $707.1M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $54.8M | $109.0M | ||
| Q3 25 | $66.9M | $-1.0M | ||
| Q2 25 | $67.4M | $-64.0M | ||
| Q1 25 | — | $-156.0M | ||
| Q4 24 | $53.7M | $176.0M | ||
| Q3 24 | $68.2M | $94.0M | ||
| Q2 24 | $82.9M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 14.6% | 9.6% | ||
| Q3 25 | 15.2% | 7.5% | ||
| Q2 25 | 16.2% | 2.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 16.6% | 26.5% | ||
| Q3 24 | 15.7% | 19.5% | ||
| Q2 24 | 16.9% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 7.5% | 13.0% | ||
| Q3 25 | 9.3% | -0.1% | ||
| Q2 25 | 9.9% | -8.2% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | 8.0% | 17.5% | ||
| Q3 24 | 10.1% | 10.3% | ||
| Q2 24 | 11.7% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.90 | $1.62 | ||
| Q3 25 | $1.09 | $-0.02 | ||
| Q2 25 | $1.10 | $-0.91 | ||
| Q1 25 | — | $-2.30 | ||
| Q4 24 | $0.87 | $2.64 | ||
| Q3 24 | $1.11 | $1.43 | ||
| Q2 24 | $1.35 | $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 | $218.2M | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.2M | $866.0M | ||
| Q3 25 | $258.2M | $526.0M | ||
| Q2 25 | $291.3M | $616.0M | ||
| Q1 25 | — | $631.0M | ||
| Q4 24 | $249.4M | $697.0M | ||
| Q3 24 | $253.7M | $536.0M | ||
| Q2 24 | $228.5M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $4.4B | ||
| Q3 25 | $1.1B | $4.1B | ||
| Q2 25 | $1.1B | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $1.1B | $4.1B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $443.0M | ||
| Q3 25 | $2.1B | $347.0M | ||
| Q2 25 | $1.9B | $361.0M | ||
| Q1 25 | — | $436.0M | ||
| Q4 24 | $1.8B | $583.0M | ||
| Q3 24 | $1.8B | $415.0M | ||
| Q2 24 | $1.7B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $5.9B | ||
| Q3 25 | $4.4B | $5.6B | ||
| Q2 25 | $4.2B | $5.7B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $4.1B | $5.8B | ||
| Q2 24 | $4.0B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 9.84× | ||
| Q3 25 | 0.51× | 11.75× | ||
| Q2 25 | 0.55× | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | 0.60× | 7.02× | ||
| Q3 24 | 0.59× | 9.86× | ||
| Q2 24 | 0.63× | 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 | $81.5M | — |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $81.5M | $98.0M | ||
| Q3 25 | $46.6M | $-36.0M | ||
| Q2 25 | $35.4M | $122.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $126.9M | $198.0M | ||
| Q3 24 | $101.0M | $210.0M | ||
| Q2 24 | $83.0M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $79.0M | ||
| Q3 25 | $37.4M | $-58.0M | ||
| Q2 25 | $28.1M | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | $102.2M | $175.0M | ||
| Q3 24 | $90.4M | $193.0M | ||
| Q2 24 | $74.0M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 9.4% | ||
| Q3 25 | 5.2% | -7.5% | ||
| Q2 25 | 4.1% | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | 15.2% | 17.4% | ||
| Q3 24 | 13.4% | 21.0% | ||
| Q2 24 | 10.5% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 1.5% | 2.3% | ||
| Q3 25 | 1.3% | 2.8% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 3.7% | 2.3% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 1.3% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 0.90× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | 1.13× | ||
| Q3 24 | 1.48× | 2.23× | ||
| Q2 24 | 1.00× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
