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

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $836.0M, roughly 1.4× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 9.9%, a 3.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -16.7%). Sinclair, Inc. produced more free cash flow last quarter ($79.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 2.4%).

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

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 ...

FN vs SBGI — Head-to-Head

Bigger by revenue
FN
FN
1.4× larger
FN
$1.1B
$836.0M
SBGI
Growing faster (revenue YoY)
FN
FN
+52.6% gap
FN
35.9%
-16.7%
SBGI
Higher net margin
SBGI
SBGI
3.1% more per $
SBGI
13.0%
9.9%
FN
More free cash flow
SBGI
SBGI
$84.3M more FCF
SBGI
$79.0M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
2.4%
SBGI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FN
FN
SBGI
SBGI
Revenue
$1.1B
$836.0M
Net Profit
$112.6M
$109.0M
Gross Margin
12.2%
Operating Margin
10.1%
9.6%
Net Margin
9.9%
13.0%
Revenue YoY
35.9%
-16.7%
Net Profit YoY
30.0%
-38.1%
EPS (diluted)
$3.11
$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
FN
FN
SBGI
SBGI
Q4 25
$1.1B
$836.0M
Q3 25
$978.1M
$773.0M
Q2 25
$909.7M
$784.0M
Q1 25
$871.8M
$776.0M
Q4 24
$833.6M
$1.0B
Q3 24
$804.2M
$917.0M
Q2 24
$753.3M
$829.0M
Q1 24
$731.5M
$798.0M
Net Profit
FN
FN
SBGI
SBGI
Q4 25
$112.6M
$109.0M
Q3 25
$95.9M
$-1.0M
Q2 25
$87.2M
$-64.0M
Q1 25
$81.3M
$-156.0M
Q4 24
$86.6M
$176.0M
Q3 24
$77.4M
$94.0M
Q2 24
$81.1M
$17.0M
Q1 24
$80.9M
$23.0M
Gross Margin
FN
FN
SBGI
SBGI
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
FN
FN
SBGI
SBGI
Q4 25
10.1%
9.6%
Q3 25
9.6%
7.5%
Q2 25
9.8%
2.7%
Q1 25
9.0%
1.8%
Q4 24
9.5%
26.5%
Q3 24
9.6%
19.5%
Q2 24
9.7%
7.7%
Q1 24
9.7%
5.3%
Net Margin
FN
FN
SBGI
SBGI
Q4 25
9.9%
13.0%
Q3 25
9.8%
-0.1%
Q2 25
9.6%
-8.2%
Q1 25
9.3%
-20.1%
Q4 24
10.4%
17.5%
Q3 24
9.6%
10.3%
Q2 24
10.8%
2.1%
Q1 24
11.1%
2.9%
EPS (diluted)
FN
FN
SBGI
SBGI
Q4 25
$3.11
$1.62
Q3 25
$2.66
$-0.02
Q2 25
$2.41
$-0.91
Q1 25
$2.25
$-2.30
Q4 24
$2.38
$2.64
Q3 24
$2.13
$1.43
Q2 24
$2.22
$0.27
Q1 24
$2.21
$0.35

Balance Sheet & Financial Strength

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

Metric
FN
FN
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$960.8M
$866.0M
Total DebtLower is stronger
$4.4B
Stockholders' EquityBook value
$2.2B
$443.0M
Total Assets
$3.3B
$5.9B
Debt / EquityLower = less leverage
9.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
SBGI
SBGI
Q4 25
$960.8M
$866.0M
Q3 25
$968.8M
$526.0M
Q2 25
$934.2M
$616.0M
Q1 25
$950.7M
$631.0M
Q4 24
$934.6M
$697.0M
Q3 24
$908.9M
$536.0M
Q2 24
$858.6M
$378.0M
Q1 24
$794.0M
$655.0M
Total Debt
FN
FN
SBGI
SBGI
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 24
$4.1B
Stockholders' Equity
FN
FN
SBGI
SBGI
Q4 25
$2.2B
$443.0M
Q3 25
$2.1B
$347.0M
Q2 25
$2.0B
$361.0M
Q1 25
$1.9B
$436.0M
Q4 24
$1.8B
$583.0M
Q3 24
$1.8B
$415.0M
Q2 24
$1.7B
$340.0M
Q1 24
$1.7B
$333.0M
Total Assets
FN
FN
SBGI
SBGI
Q4 25
$3.3B
$5.9B
Q3 25
$3.0B
$5.6B
Q2 25
$2.8B
$5.7B
Q1 25
$2.6B
$5.8B
Q4 24
$2.5B
$5.9B
Q3 24
$2.4B
$5.8B
Q2 24
$2.3B
$5.7B
Q1 24
$2.2B
$6.0B
Debt / Equity
FN
FN
SBGI
SBGI
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×
Q1 24
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
FN
FN
SBGI
SBGI
Operating Cash FlowLast quarter
$46.3M
$98.0M
Free Cash FlowOCF − Capex
$-5.3M
$79.0M
FCF MarginFCF / Revenue
-0.5%
9.4%
Capex IntensityCapex / Revenue
4.6%
2.3%
Cash ConversionOCF / Net Profit
0.41×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$102.3M
$115.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
SBGI
SBGI
Q4 25
$46.3M
$98.0M
Q3 25
$102.6M
$-36.0M
Q2 25
$55.1M
$122.0M
Q1 25
$74.2M
$5.0M
Q4 24
$115.9M
$198.0M
Q3 24
$83.2M
$210.0M
Q2 24
$83.1M
$-306.0M
Q1 24
$100.9M
$-4.0M
Free Cash Flow
FN
FN
SBGI
SBGI
Q4 25
$-5.3M
$79.0M
Q3 25
$57.3M
$-58.0M
Q2 25
$4.7M
$105.0M
Q1 25
$45.7M
$-11.0M
Q4 24
$94.0M
$175.0M
Q3 24
$62.9M
$193.0M
Q2 24
$70.4M
$-329.0M
Q1 24
$87.3M
$-25.0M
FCF Margin
FN
FN
SBGI
SBGI
Q4 25
-0.5%
9.4%
Q3 25
5.9%
-7.5%
Q2 25
0.5%
13.4%
Q1 25
5.2%
-1.4%
Q4 24
11.3%
17.4%
Q3 24
7.8%
21.0%
Q2 24
9.3%
-39.7%
Q1 24
11.9%
-3.1%
Capex Intensity
FN
FN
SBGI
SBGI
Q4 25
4.6%
2.3%
Q3 25
4.6%
2.8%
Q2 25
5.5%
2.2%
Q1 25
3.3%
2.1%
Q4 24
2.6%
2.3%
Q3 24
2.5%
1.9%
Q2 24
1.7%
2.8%
Q1 24
1.9%
2.6%
Cash Conversion
FN
FN
SBGI
SBGI
Q4 25
0.41×
0.90×
Q3 25
1.07×
Q2 25
0.63×
Q1 25
0.91×
Q4 24
1.34×
1.13×
Q3 24
1.07×
2.23×
Q2 24
1.02×
-18.00×
Q1 24
1.25×
-0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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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