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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $807.0M, roughly 1.1× Sinclair, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 2.5%, a 26.9% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 4.0%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -1.3%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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 ...
FHN vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $807.0M |
| Net Profit | $261.0M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | 38.5% | 0.0% |
| Net Margin | 29.4% | 2.5% |
| Revenue YoY | 21.8% | 4.0% |
| Net Profit YoY | 57.2% | — |
| EPS (diluted) | $0.51 | $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 | $888.0M | $836.0M | ||
| Q3 25 | $889.0M | $773.0M | ||
| Q2 25 | $830.0M | $784.0M | ||
| Q1 25 | $812.0M | $776.0M | ||
| Q4 24 | $729.0M | $1.0B | ||
| Q3 24 | $827.0M | $917.0M | ||
| Q2 24 | — | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $261.0M | $109.0M | ||
| Q3 25 | $262.0M | $-1.0M | ||
| Q2 25 | $241.0M | $-64.0M | ||
| Q1 25 | $218.0M | $-156.0M | ||
| Q4 24 | $166.0M | $176.0M | ||
| Q3 24 | $218.0M | $94.0M | ||
| Q2 24 | — | $17.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 38.5% | 9.6% | ||
| Q3 25 | 38.7% | 7.5% | ||
| Q2 25 | 37.2% | 2.7% | ||
| Q1 25 | 35.1% | 1.8% | ||
| Q4 24 | 28.8% | 26.5% | ||
| Q3 24 | 34.0% | 19.5% | ||
| Q2 24 | — | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 29.4% | 13.0% | ||
| Q3 25 | 29.5% | -0.1% | ||
| Q2 25 | 29.0% | -8.2% | ||
| Q1 25 | 26.8% | -20.1% | ||
| Q4 24 | 22.8% | 17.5% | ||
| Q3 24 | 26.4% | 10.3% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.51 | $1.62 | ||
| Q3 25 | $0.50 | $-0.02 | ||
| Q2 25 | $0.45 | $-0.91 | ||
| Q1 25 | $0.41 | $-2.30 | ||
| Q4 24 | $0.29 | $2.64 | ||
| Q3 24 | $0.40 | $1.43 | ||
| Q2 24 | — | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | — |
| Total Assets | $83.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $866.0M | ||
| Q3 25 | — | $526.0M | ||
| Q2 25 | — | $616.0M | ||
| Q1 25 | — | $631.0M | ||
| Q4 24 | — | $697.0M | ||
| Q3 24 | — | $536.0M | ||
| Q2 24 | — | $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 | — | — | ||
| Q4 25 | $8.8B | $443.0M | ||
| Q3 25 | $8.9B | $347.0M | ||
| Q2 25 | $9.0B | $361.0M | ||
| Q1 25 | $8.7B | $436.0M | ||
| Q4 24 | $8.8B | $583.0M | ||
| Q3 24 | $9.0B | $415.0M | ||
| Q2 24 | — | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $83.9B | $5.9B | ||
| Q3 25 | $83.2B | $5.6B | ||
| Q2 25 | $82.1B | $5.7B | ||
| Q1 25 | $81.5B | $5.8B | ||
| Q4 24 | $82.2B | $5.9B | ||
| Q3 24 | $82.6B | $5.8B | ||
| Q2 24 | — | $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 | $396.0M | — |
| Free Cash FlowOCF − Capex | $389.0M | — |
| FCF MarginFCF / Revenue | 43.8% | — |
| Capex IntensityCapex / Revenue | 0.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $98.0M | ||
| Q3 25 | $-200.0M | $-36.0M | ||
| Q2 25 | $83.0M | $122.0M | ||
| Q1 25 | $349.0M | $5.0M | ||
| Q4 24 | $191.0M | $198.0M | ||
| Q3 24 | $389.0M | $210.0M | ||
| Q2 24 | — | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | $79.0M | ||
| Q3 25 | $-208.0M | $-58.0M | ||
| Q2 25 | $74.0M | $105.0M | ||
| Q1 25 | $340.0M | $-11.0M | ||
| Q4 24 | $174.0M | $175.0M | ||
| Q3 24 | $383.0M | $193.0M | ||
| Q2 24 | — | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | 9.4% | ||
| Q3 25 | -23.4% | -7.5% | ||
| Q2 25 | 8.9% | 13.4% | ||
| Q1 25 | 41.9% | -1.4% | ||
| Q4 24 | 23.9% | 17.4% | ||
| Q3 24 | 46.3% | 21.0% | ||
| Q2 24 | — | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 0.8% | 2.3% | ||
| Q3 25 | 0.9% | 2.8% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 2.3% | 2.3% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 0.90× | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | 1.13× | ||
| Q3 24 | 1.78× | 2.23× | ||
| Q2 24 | — | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
