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Side-by-side financial comparison of F5, Inc. (FFIV) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $807.0M, roughly 1.0× Sinclair, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 2.5%, a 15.8% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 4.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs -1.3%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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 ...
FFIV vs SBGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $807.0M |
| Net Profit | $148.0M | $20.0M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | 0.0% |
| Net Margin | 18.2% | 2.5% |
| Revenue YoY | 11.0% | 4.0% |
| Net Profit YoY | 1.5% | — |
| EPS (diluted) | $2.58 | $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 | $811.7M | $807.0M | ||
| Q4 25 | $822.5M | $836.0M | ||
| Q3 25 | $810.1M | $773.0M | ||
| Q2 25 | $780.4M | $784.0M | ||
| Q1 25 | $731.1M | $776.0M | ||
| Q4 24 | $766.5M | $1.0B | ||
| Q3 24 | $746.7M | $917.0M | ||
| Q2 24 | $695.5M | $829.0M |
| Q1 26 | $148.0M | $20.0M | ||
| Q4 25 | $180.1M | $109.0M | ||
| Q3 25 | $190.5M | $-1.0M | ||
| Q2 25 | $189.9M | $-64.0M | ||
| Q1 25 | $145.5M | $-156.0M | ||
| Q4 24 | $166.4M | $176.0M | ||
| Q3 24 | $165.3M | $94.0M | ||
| Q2 24 | $144.1M | $17.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 81.7% | — | ||
| Q3 24 | 80.8% | — | ||
| Q2 24 | 80.4% | — |
| Q1 26 | 22.1% | 0.0% | ||
| Q4 25 | 26.0% | 9.6% | ||
| Q3 25 | 25.4% | 7.5% | ||
| Q2 25 | 25.2% | 2.7% | ||
| Q1 25 | 21.7% | 1.8% | ||
| Q4 24 | 26.8% | 26.5% | ||
| Q3 24 | 25.6% | 19.5% | ||
| Q2 24 | 23.4% | 7.7% |
| Q1 26 | 18.2% | 2.5% | ||
| Q4 25 | 21.9% | 13.0% | ||
| Q3 25 | 23.5% | -0.1% | ||
| Q2 25 | 24.3% | -8.2% | ||
| Q1 25 | 19.9% | -20.1% | ||
| Q4 24 | 21.7% | 17.5% | ||
| Q3 24 | 22.1% | 10.3% | ||
| Q2 24 | 20.7% | 2.1% |
| Q1 26 | $2.58 | $0.28 | ||
| Q4 25 | $3.10 | $1.62 | ||
| Q3 25 | $3.25 | $-0.02 | ||
| Q2 25 | $3.25 | $-0.91 | ||
| Q1 25 | $2.48 | $-2.30 | ||
| Q4 24 | $2.82 | $2.64 | ||
| Q3 24 | $2.79 | $1.43 | ||
| Q2 24 | $2.44 | $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 | $1.4B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | — |
| Total Assets | $6.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $866.0M | ||
| Q3 25 | $1.3B | $526.0M | ||
| Q2 25 | $1.4B | $616.0M | ||
| Q1 25 | $1.3B | $631.0M | ||
| Q4 24 | $1.2B | $697.0M | ||
| Q3 24 | $1.1B | $536.0M | ||
| Q2 24 | $935.6M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $443.0M | ||
| Q3 25 | $3.6B | $347.0M | ||
| Q2 25 | $3.5B | $361.0M | ||
| Q1 25 | $3.3B | $436.0M | ||
| Q4 24 | $3.2B | $583.0M | ||
| Q3 24 | $3.1B | $415.0M | ||
| Q2 24 | $3.0B | $340.0M |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $5.9B | ||
| Q3 25 | $6.3B | $5.6B | ||
| Q2 25 | $6.1B | $5.7B | ||
| Q1 25 | $5.9B | $5.8B | ||
| Q4 24 | $5.9B | $5.9B | ||
| Q3 24 | $5.6B | $5.8B | ||
| Q2 24 | $5.4B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | — | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 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 | $525.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $98.0M | ||
| Q3 25 | $208.1M | $-36.0M | ||
| Q2 25 | $282.2M | $122.0M | ||
| Q1 25 | $256.6M | $5.0M | ||
| Q4 24 | $202.8M | $198.0M | ||
| Q3 24 | $246.5M | $210.0M | ||
| Q2 24 | $159.0M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $79.0M | ||
| Q3 25 | $191.9M | $-58.0M | ||
| Q2 25 | $273.7M | $105.0M | ||
| Q1 25 | $246.1M | $-11.0M | ||
| Q4 24 | $194.7M | $175.0M | ||
| Q3 24 | $240.4M | $193.0M | ||
| Q2 24 | $153.1M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 9.4% | ||
| Q3 25 | 23.7% | -7.5% | ||
| Q2 25 | 35.1% | 13.4% | ||
| Q1 25 | 33.7% | -1.4% | ||
| Q4 24 | 25.4% | 17.4% | ||
| Q3 24 | 32.2% | 21.0% | ||
| Q2 24 | 22.0% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 2.0% | 2.8% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 1.4% | 2.1% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 0.8% | 1.9% | ||
| Q2 24 | 0.8% | 2.8% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 0.90× | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | 1.13× | ||
| Q3 24 | 1.49× | 2.23× | ||
| Q2 24 | 1.10× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
