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Side-by-side financial comparison of ICU MEDICAL INC (ICUI) 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 $540.7M, roughly 1.5× ICU MEDICAL INC). Sinclair, Inc. runs the higher net margin — 2.5% vs -2.9%, a 5.4% gap on every dollar of revenue. On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs -14.1%). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (-1.3% CAGR vs -2.3%).

ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...

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 ...

ICUI vs SBGI — Head-to-Head

Bigger by revenue
SBGI
SBGI
1.5× larger
SBGI
$807.0M
$540.7M
ICUI
Growing faster (revenue YoY)
SBGI
SBGI
+18.1% gap
SBGI
4.0%
-14.1%
ICUI
Higher net margin
SBGI
SBGI
5.4% more per $
SBGI
2.5%
-2.9%
ICUI
Faster 2-yr revenue CAGR
SBGI
SBGI
Annualised
SBGI
-1.3%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ICUI
ICUI
SBGI
SBGI
Revenue
$540.7M
$807.0M
Net Profit
$-15.7M
$20.0M
Gross Margin
37.5%
Operating Margin
1.0%
0.0%
Net Margin
-2.9%
2.5%
Revenue YoY
-14.1%
4.0%
Net Profit YoY
34.0%
EPS (diluted)
$-0.63
$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.

Revenue
ICUI
ICUI
SBGI
SBGI
Q1 26
$807.0M
Q4 25
$540.7M
$836.0M
Q3 25
$537.0M
$773.0M
Q2 25
$548.9M
$784.0M
Q1 25
$604.7M
$776.0M
Q4 24
$629.8M
$1.0B
Q3 24
$589.1M
$917.0M
Q2 24
$596.5M
$829.0M
Net Profit
ICUI
ICUI
SBGI
SBGI
Q1 26
$20.0M
Q4 25
$-15.7M
$109.0M
Q3 25
$-3.4M
$-1.0M
Q2 25
$35.3M
$-64.0M
Q1 25
$-15.5M
$-156.0M
Q4 24
$-23.8M
$176.0M
Q3 24
$-33.0M
$94.0M
Q2 24
$-21.4M
$17.0M
Gross Margin
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
37.5%
Q3 25
37.4%
Q2 25
37.9%
Q1 25
34.7%
Q4 24
36.1%
Q3 24
34.8%
Q2 24
34.8%
Operating Margin
ICUI
ICUI
SBGI
SBGI
Q1 26
0.0%
Q4 25
1.0%
9.6%
Q3 25
2.6%
7.5%
Q2 25
1.9%
2.7%
Q1 25
2.1%
1.8%
Q4 24
6.0%
26.5%
Q3 24
1.4%
19.5%
Q2 24
1.3%
7.7%
Net Margin
ICUI
ICUI
SBGI
SBGI
Q1 26
2.5%
Q4 25
-2.9%
13.0%
Q3 25
-0.6%
-0.1%
Q2 25
6.4%
-8.2%
Q1 25
-2.6%
-20.1%
Q4 24
-3.8%
17.5%
Q3 24
-5.6%
10.3%
Q2 24
-3.6%
2.1%
EPS (diluted)
ICUI
ICUI
SBGI
SBGI
Q1 26
$0.28
Q4 25
$-0.63
$1.62
Q3 25
$-0.14
$-0.02
Q2 25
$1.43
$-0.91
Q1 25
$-0.63
$-2.30
Q4 24
$-0.97
$2.64
Q3 24
$-1.35
$1.43
Q2 24
$-0.88
$0.27

Balance Sheet & Financial Strength

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

Metric
ICUI
ICUI
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
Total Assets
$4.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
$866.0M
Q3 25
$526.0M
Q2 25
$616.0M
Q1 25
$631.0M
Q4 24
$308.6M
$697.0M
Q3 24
$312.5M
$536.0M
Q2 24
$302.6M
$378.0M
Total Debt
ICUI
ICUI
SBGI
SBGI
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
Stockholders' Equity
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
$2.1B
$443.0M
Q3 25
$2.1B
$347.0M
Q2 25
$2.1B
$361.0M
Q1 25
$2.0B
$436.0M
Q4 24
$2.0B
$583.0M
Q3 24
$2.0B
$415.0M
Q2 24
$2.0B
$340.0M
Total Assets
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
$4.1B
$5.9B
Q3 25
$4.1B
$5.6B
Q2 25
$4.1B
$5.7B
Q1 25
$4.2B
$5.8B
Q4 24
$4.2B
$5.9B
Q3 24
$4.3B
$5.8B
Q2 24
$4.3B
$5.7B
Debt / Equity
ICUI
ICUI
SBGI
SBGI
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
ICUI
ICUI
SBGI
SBGI
Operating Cash FlowLast quarter
$60.6M
Free Cash FlowOCF − Capex
$36.0M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.6%
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$91.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
$60.6M
$98.0M
Q3 25
$56.7M
$-36.0M
Q2 25
$11.2M
$122.0M
Q1 25
$51.3M
$5.0M
Q4 24
$40.2M
$198.0M
Q3 24
$36.1M
$210.0M
Q2 24
$82.0M
$-306.0M
Free Cash Flow
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
$36.0M
$79.0M
Q3 25
$27.6M
$-58.0M
Q2 25
$-8.5M
$105.0M
Q1 25
$36.7M
$-11.0M
Q4 24
$16.1M
$175.0M
Q3 24
$16.2M
$193.0M
Q2 24
$62.5M
$-329.0M
FCF Margin
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
6.6%
9.4%
Q3 25
5.1%
-7.5%
Q2 25
-1.5%
13.4%
Q1 25
6.1%
-1.4%
Q4 24
2.6%
17.4%
Q3 24
2.7%
21.0%
Q2 24
10.5%
-39.7%
Capex Intensity
ICUI
ICUI
SBGI
SBGI
Q1 26
1.7%
Q4 25
4.6%
2.3%
Q3 25
5.4%
2.8%
Q2 25
3.6%
2.2%
Q1 25
2.4%
2.1%
Q4 24
3.8%
2.3%
Q3 24
3.4%
1.9%
Q2 24
3.3%
2.8%
Cash Conversion
ICUI
ICUI
SBGI
SBGI
Q1 26
Q4 25
0.90×
Q3 25
Q2 25
0.32×
Q1 25
Q4 24
1.13×
Q3 24
2.23×
Q2 24
-18.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ICUI
ICUI

Infusion Consumables$284.7M53%
Infusion Systems$176.3M33%
Vital Care$79.7M15%

SBGI
SBGI

Media revenue$701.0M87%
Other$82.0M10%
Political advertising revenue$18.0M2%
Non-media revenue$6.0M1%

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