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

Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $463.1M, roughly 1.8× Mativ Holdings, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 13.0%, a 8.7% gap on every dollar of revenue. On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -16.7%). Sinclair, Inc. produced more free cash flow last quarter ($79.0M vs $8.0M). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% CAGR vs -3.8%).

Mativ Holdings, Inc. is a global specialty materials manufacturer producing high-performance advanced polymers, nonwovens, filtration solutions, and functional coated materials. It serves healthcare, industrial, consumer goods, aerospace, and energy segments, with operations across North America, Europe, and Asia Pacific.

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 ...

MATV vs SBGI — Head-to-Head

Bigger by revenue
SBGI
SBGI
1.8× larger
SBGI
$836.0M
$463.1M
MATV
Growing faster (revenue YoY)
MATV
MATV
+17.7% gap
MATV
1.0%
-16.7%
SBGI
Higher net margin
MATV
MATV
8.7% more per $
MATV
21.8%
13.0%
SBGI
More free cash flow
SBGI
SBGI
$71.0M more FCF
SBGI
$79.0M
$8.0M
MATV
Faster 2-yr revenue CAGR
SBGI
SBGI
Annualised
SBGI
2.4%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
SBGI
SBGI
Revenue
$463.1M
$836.0M
Net Profit
$100.8M
$109.0M
Gross Margin
18.8%
Operating Margin
2.2%
9.6%
Net Margin
21.8%
13.0%
Revenue YoY
1.0%
-16.7%
Net Profit YoY
6620.0%
-38.1%
EPS (diluted)
$1.87
$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
MATV
MATV
SBGI
SBGI
Q4 25
$463.1M
$836.0M
Q3 25
$513.7M
$773.0M
Q2 25
$525.4M
$784.0M
Q1 25
$484.8M
$776.0M
Q4 24
$458.6M
$1.0B
Q3 24
$498.5M
$917.0M
Q2 24
$523.8M
$829.0M
Q1 24
$500.2M
$798.0M
Net Profit
MATV
MATV
SBGI
SBGI
Q4 25
$100.8M
$109.0M
Q3 25
$-3.2M
$-1.0M
Q2 25
$-9.5M
$-64.0M
Q1 25
$-425.5M
$-156.0M
Q4 24
$1.5M
$176.0M
Q3 24
$-20.8M
$94.0M
Q2 24
$-1.4M
$17.0M
Q1 24
$-28.0M
$23.0M
Gross Margin
MATV
MATV
SBGI
SBGI
Q4 25
18.8%
Q3 25
19.3%
Q2 25
19.7%
Q1 25
15.0%
Q4 24
16.9%
Q3 24
18.8%
Q2 24
20.8%
Q1 24
16.8%
Operating Margin
MATV
MATV
SBGI
SBGI
Q4 25
2.2%
9.6%
Q3 25
3.1%
7.5%
Q2 25
3.8%
2.7%
Q1 25
-88.8%
1.8%
Q4 24
0.6%
26.5%
Q3 24
1.4%
19.5%
Q2 24
2.0%
7.7%
Q1 24
-2.8%
5.3%
Net Margin
MATV
MATV
SBGI
SBGI
Q4 25
21.8%
13.0%
Q3 25
-0.6%
-0.1%
Q2 25
-1.8%
-8.2%
Q1 25
-87.8%
-20.1%
Q4 24
0.3%
17.5%
Q3 24
-4.2%
10.3%
Q2 24
-0.3%
2.1%
Q1 24
-5.6%
2.9%
EPS (diluted)
MATV
MATV
SBGI
SBGI
Q4 25
$1.87
$1.62
Q3 25
$-0.06
$-0.02
Q2 25
$-0.18
$-0.91
Q1 25
$-7.82
$-2.30
Q4 24
$0.03
$2.64
Q3 24
$-0.38
$1.43
Q2 24
$-0.03
$0.27
Q1 24
$-0.52
$0.35

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$84.2M
$866.0M
Total DebtLower is stronger
$1.0B
$4.4B
Stockholders' EquityBook value
$498.7M
$443.0M
Total Assets
$2.1B
$5.9B
Debt / EquityLower = less leverage
2.07×
9.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
SBGI
SBGI
Q4 25
$84.2M
$866.0M
Q3 25
$97.1M
$526.0M
Q2 25
$95.6M
$616.0M
Q1 25
$84.0M
$631.0M
Q4 24
$94.3M
$697.0M
Q3 24
$162.2M
$536.0M
Q2 24
$133.4M
$378.0M
Q1 24
$128.9M
$655.0M
Total Debt
MATV
MATV
SBGI
SBGI
Q4 25
$1.0B
$4.4B
Q3 25
$1.0B
$4.1B
Q2 25
$1.1B
$4.1B
Q1 25
$1.1B
$4.2B
Q4 24
$1.1B
$4.1B
Q3 24
$1.2B
$4.1B
Q2 24
$1.2B
$4.1B
Q1 24
$1.2B
$4.1B
Stockholders' Equity
MATV
MATV
SBGI
SBGI
Q4 25
$498.7M
$443.0M
Q3 25
$397.4M
$347.0M
Q2 25
$416.6M
$361.0M
Q1 25
$428.2M
$436.0M
Q4 24
$858.5M
$583.0M
Q3 24
$882.3M
$415.0M
Q2 24
$898.0M
$340.0M
Q1 24
$906.9M
$333.0M
Total Assets
MATV
MATV
SBGI
SBGI
Q4 25
$2.1B
$5.9B
Q3 25
$2.0B
$5.6B
Q2 25
$2.1B
$5.7B
Q1 25
$2.1B
$5.8B
Q4 24
$2.4B
$5.9B
Q3 24
$2.6B
$5.8B
Q2 24
$2.6B
$5.7B
Q1 24
$2.7B
$6.0B
Debt / Equity
MATV
MATV
SBGI
SBGI
Q4 25
2.07×
9.84×
Q3 25
2.63×
11.75×
Q2 25
2.66×
11.30×
Q1 25
2.67×
9.56×
Q4 24
1.30×
7.02×
Q3 24
1.32×
9.86×
Q2 24
1.29×
12.08×
Q1 24
1.30×
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
MATV
MATV
SBGI
SBGI
Operating Cash FlowLast quarter
$19.3M
$98.0M
Free Cash FlowOCF − Capex
$8.0M
$79.0M
FCF MarginFCF / Revenue
1.7%
9.4%
Capex IntensityCapex / Revenue
2.4%
2.3%
Cash ConversionOCF / Net Profit
0.19×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$115.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
SBGI
SBGI
Q4 25
$19.3M
$98.0M
Q3 25
$72.8M
$-36.0M
Q2 25
$57.6M
$122.0M
Q1 25
$-15.9M
$5.0M
Q4 24
$24.1M
$198.0M
Q3 24
$37.6M
$210.0M
Q2 24
$46.1M
$-306.0M
Q1 24
$-13.0M
$-4.0M
Free Cash Flow
MATV
MATV
SBGI
SBGI
Q4 25
$8.0M
$79.0M
Q3 25
$66.7M
$-58.0M
Q2 25
$48.9M
$105.0M
Q1 25
$-29.8M
$-11.0M
Q4 24
$2.0M
$175.0M
Q3 24
$25.5M
$193.0M
Q2 24
$37.4M
$-329.0M
Q1 24
$-25.1M
$-25.0M
FCF Margin
MATV
MATV
SBGI
SBGI
Q4 25
1.7%
9.4%
Q3 25
13.0%
-7.5%
Q2 25
9.3%
13.4%
Q1 25
-6.1%
-1.4%
Q4 24
0.4%
17.4%
Q3 24
5.1%
21.0%
Q2 24
7.1%
-39.7%
Q1 24
-5.0%
-3.1%
Capex Intensity
MATV
MATV
SBGI
SBGI
Q4 25
2.4%
2.3%
Q3 25
1.2%
2.8%
Q2 25
1.7%
2.2%
Q1 25
2.9%
2.1%
Q4 24
4.8%
2.3%
Q3 24
2.4%
1.9%
Q2 24
1.7%
2.8%
Q1 24
2.4%
2.6%
Cash Conversion
MATV
MATV
SBGI
SBGI
Q4 25
0.19×
0.90×
Q3 25
Q2 25
Q1 25
Q4 24
16.07×
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

MATV
MATV

Other$208.7M45%
SAS Segment$157.4M34%
FAM Segment$97.0M21%

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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