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Side-by-side financial comparison of Lineage, Inc. (LINE) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $836.0M, roughly 1.6× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs -7.3%, a 20.3% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -16.7%). Sinclair, Inc. produced more free cash flow last quarter ($79.0M vs $35.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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 ...
LINE vs SBGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $836.0M |
| Net Profit | $-100.0M | $109.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | 9.6% |
| Net Margin | -7.3% | 13.0% |
| Revenue YoY | 3.1% | -16.7% |
| Net Profit YoY | 79.4% | -38.1% |
| EPS (diluted) | $-0.44 | $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.
| Q4 25 | — | $836.0M | ||
| Q3 25 | $1.4B | $773.0M | ||
| Q2 25 | $1.4B | $784.0M | ||
| Q1 25 | $1.3B | $776.0M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $917.0M | ||
| Q2 24 | $1.3B | $829.0M | ||
| Q1 24 | $1.3B | $798.0M |
| Q4 25 | — | $109.0M | ||
| Q3 25 | $-100.0M | $-1.0M | ||
| Q2 25 | $-6.0M | $-64.0M | ||
| Q1 25 | $0 | $-156.0M | ||
| Q4 24 | $-71.0M | $176.0M | ||
| Q3 24 | $-485.0M | $94.0M | ||
| Q2 24 | $-68.0M | $17.0M | ||
| Q1 24 | $-40.0M | $23.0M |
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
| Q4 25 | — | 9.6% | ||
| Q3 25 | 2.5% | 7.5% | ||
| Q2 25 | 1.7% | 2.7% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | -1.6% | 26.5% | ||
| Q3 24 | -38.6% | 19.5% | ||
| Q2 24 | 5.5% | 7.7% | ||
| Q1 24 | 7.6% | 5.3% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | -7.3% | -0.1% | ||
| Q2 25 | -0.4% | -8.2% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | -5.3% | 17.5% | ||
| Q3 24 | -36.3% | 10.3% | ||
| Q2 24 | -5.1% | 2.1% | ||
| Q1 24 | -3.0% | 2.9% |
| Q4 25 | — | $1.62 | ||
| Q3 25 | $-0.44 | $-0.02 | ||
| Q2 25 | $-0.03 | $-0.91 | ||
| Q1 25 | $0.01 | $-2.30 | ||
| Q4 24 | $-0.52 | $2.64 | ||
| Q3 24 | $-2.44 | $1.43 | ||
| Q2 24 | $-0.46 | $0.27 | ||
| Q1 24 | $-0.28 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $866.0M |
| Total DebtLower is stronger | — | $4.4B |
| Stockholders' EquityBook value | $8.4B | $443.0M |
| Total Assets | $19.2B | $5.9B |
| Debt / EquityLower = less leverage | — | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $866.0M | ||
| Q3 25 | — | $526.0M | ||
| Q2 25 | — | $616.0M | ||
| Q1 25 | — | $631.0M | ||
| Q4 24 | $173.0M | $697.0M | ||
| Q3 24 | $409.0M | $536.0M | ||
| Q2 24 | $73.0M | $378.0M | ||
| Q1 24 | — | $655.0M |
| 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 |
| Q4 25 | — | $443.0M | ||
| Q3 25 | $8.4B | $347.0M | ||
| Q2 25 | $8.6B | $361.0M | ||
| Q1 25 | $8.6B | $436.0M | ||
| Q4 24 | $8.6B | $583.0M | ||
| Q3 24 | $9.0B | $415.0M | ||
| Q2 24 | $4.9B | $340.0M | ||
| Q1 24 | $5.6B | $333.0M |
| Q4 25 | — | $5.9B | ||
| Q3 25 | $19.2B | $5.6B | ||
| Q2 25 | $19.4B | $5.7B | ||
| Q1 25 | $18.8B | $5.8B | ||
| Q4 24 | $18.7B | $5.9B | ||
| Q3 24 | $19.3B | $5.8B | ||
| Q2 24 | $18.8B | $5.7B | ||
| Q1 24 | — | $6.0B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $230.0M | $98.0M |
| Free Cash FlowOCF − Capex | $35.0M | $79.0M |
| FCF MarginFCF / Revenue | 2.5% | 9.4% |
| Capex IntensityCapex / Revenue | 14.2% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $98.0M | ||
| Q3 25 | $230.0M | $-36.0M | ||
| Q2 25 | $258.0M | $122.0M | ||
| Q1 25 | $139.0M | $5.0M | ||
| Q4 24 | — | $198.0M | ||
| Q3 24 | $186.0M | $210.0M | ||
| Q2 24 | $155.0M | $-306.0M | ||
| Q1 24 | $105.0M | $-4.0M |
| Q4 25 | — | $79.0M | ||
| Q3 25 | $35.0M | $-58.0M | ||
| Q2 25 | $95.0M | $105.0M | ||
| Q1 25 | $-12.0M | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | $33.0M | $193.0M | ||
| Q2 24 | $-31.0M | $-329.0M | ||
| Q1 24 | $-42.0M | $-25.0M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | 2.5% | -7.5% | ||
| Q2 25 | 7.0% | 13.4% | ||
| Q1 25 | -0.9% | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | 2.5% | 21.0% | ||
| Q2 24 | -2.3% | -39.7% | ||
| Q1 24 | -3.2% | -3.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 14.2% | 2.8% | ||
| Q2 25 | 12.1% | 2.2% | ||
| Q1 25 | 11.7% | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 11.5% | 1.9% | ||
| Q2 24 | 13.9% | 2.8% | ||
| Q1 24 | 11.1% | 2.6% |
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | -18.00× | ||
| Q1 24 | — | -0.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
