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Side-by-side financial comparison of Natera, Inc. (NTRA) 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 $665.5M, roughly 1.3× Natera, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 7.1%, a 5.9% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs -16.7%). Sinclair, Inc. produced more free cash flow last quarter ($79.0M vs $37.8M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 2.4%).
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
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 ...
NTRA vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $665.5M | $836.0M |
| Net Profit | $47.3M | $109.0M |
| Gross Margin | — | — |
| Operating Margin | -3.4% | 9.6% |
| Net Margin | 7.1% | 13.0% |
| Revenue YoY | 39.8% | -16.7% |
| Net Profit YoY | 187.9% | -38.1% |
| EPS (diluted) | $0.36 | $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 | $665.5M | $836.0M | ||
| Q3 25 | $592.2M | $773.0M | ||
| Q2 25 | $546.6M | $784.0M | ||
| Q1 25 | $501.8M | $776.0M | ||
| Q4 24 | $476.1M | $1.0B | ||
| Q3 24 | $439.8M | $917.0M | ||
| Q2 24 | $413.4M | $829.0M | ||
| Q1 24 | $367.7M | $798.0M |
| Q4 25 | $47.3M | $109.0M | ||
| Q3 25 | $-87.5M | $-1.0M | ||
| Q2 25 | $-100.9M | $-64.0M | ||
| Q1 25 | $-66.9M | $-156.0M | ||
| Q4 24 | $-53.8M | $176.0M | ||
| Q3 24 | $-31.6M | $94.0M | ||
| Q2 24 | $-37.5M | $17.0M | ||
| Q1 24 | $-67.6M | $23.0M |
| Q4 25 | -3.4% | 9.6% | ||
| Q3 25 | -16.5% | 7.5% | ||
| Q2 25 | -20.2% | 2.7% | ||
| Q1 25 | -15.8% | 1.8% | ||
| Q4 24 | -13.6% | 26.5% | ||
| Q3 24 | -8.9% | 19.5% | ||
| Q2 24 | -10.6% | 7.7% | ||
| Q1 24 | -20.2% | 5.3% |
| Q4 25 | 7.1% | 13.0% | ||
| Q3 25 | -14.8% | -0.1% | ||
| Q2 25 | -18.5% | -8.2% | ||
| Q1 25 | -13.3% | -20.1% | ||
| Q4 24 | -11.3% | 17.5% | ||
| Q3 24 | -7.2% | 10.3% | ||
| Q2 24 | -9.1% | 2.1% | ||
| Q1 24 | -18.4% | 2.9% |
| Q4 25 | $0.36 | $1.62 | ||
| Q3 25 | $-0.64 | $-0.02 | ||
| Q2 25 | $-0.74 | $-0.91 | ||
| Q1 25 | $-0.50 | $-2.30 | ||
| Q4 24 | $-0.41 | $2.64 | ||
| Q3 24 | $-0.26 | $1.43 | ||
| Q2 24 | $-0.30 | $0.27 | ||
| Q1 24 | $-0.56 | $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 | $1.7B | $443.0M |
| Total Assets | $2.4B | $5.9B |
| Debt / EquityLower = less leverage | — | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $866.0M | ||
| Q3 25 | $1.0M | $526.0M | ||
| Q2 25 | $16.0M | $616.0M | ||
| Q1 25 | $17.8M | $631.0M | ||
| Q4 24 | $22.7M | $697.0M | ||
| Q3 24 | $29.5M | $536.0M | ||
| Q2 24 | $90.3M | $378.0M | ||
| Q1 24 | $69.1M | $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 | $1.7B | $443.0M | ||
| Q3 25 | $1.3B | $347.0M | ||
| Q2 25 | $1.2B | $361.0M | ||
| Q1 25 | $1.2B | $436.0M | ||
| Q4 24 | $1.2B | $583.0M | ||
| Q3 24 | $878.5M | $415.0M | ||
| Q2 24 | $836.5M | $340.0M | ||
| Q1 24 | $794.1M | $333.0M |
| Q4 25 | $2.4B | $5.9B | ||
| Q3 25 | $1.8B | $5.6B | ||
| Q2 25 | $1.8B | $5.7B | ||
| Q1 25 | $1.7B | $5.8B | ||
| Q4 24 | $1.7B | $5.9B | ||
| Q3 24 | $1.6B | $5.8B | ||
| Q2 24 | $1.5B | $5.7B | ||
| Q1 24 | $1.5B | $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 | $73.9M | $98.0M |
| Free Cash FlowOCF − Capex | $37.8M | $79.0M |
| FCF MarginFCF / Revenue | 5.7% | 9.4% |
| Capex IntensityCapex / Revenue | 5.4% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.56× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $98.0M | ||
| Q3 25 | $59.4M | $-36.0M | ||
| Q2 25 | $37.6M | $122.0M | ||
| Q1 25 | $44.5M | $5.0M | ||
| Q4 24 | $52.9M | $198.0M | ||
| Q3 24 | $51.8M | $210.0M | ||
| Q2 24 | $4.0M | $-306.0M | ||
| Q1 24 | $27.0M | $-4.0M |
| Q4 25 | $37.8M | $79.0M | ||
| Q3 25 | $37.0M | $-58.0M | ||
| Q2 25 | $11.7M | $105.0M | ||
| Q1 25 | $22.6M | $-11.0M | ||
| Q4 24 | $34.8M | $175.0M | ||
| Q3 24 | $35.5M | $193.0M | ||
| Q2 24 | $-7.7M | $-329.0M | ||
| Q1 24 | $6.7M | $-25.0M |
| Q4 25 | 5.7% | 9.4% | ||
| Q3 25 | 6.2% | -7.5% | ||
| Q2 25 | 2.1% | 13.4% | ||
| Q1 25 | 4.5% | -1.4% | ||
| Q4 24 | 7.3% | 17.4% | ||
| Q3 24 | 8.1% | 21.0% | ||
| Q2 24 | -1.9% | -39.7% | ||
| Q1 24 | 1.8% | -3.1% |
| Q4 25 | 5.4% | 2.3% | ||
| Q3 25 | 3.8% | 2.8% | ||
| Q2 25 | 4.7% | 2.2% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 3.8% | 2.3% | ||
| Q3 24 | 3.7% | 1.9% | ||
| Q2 24 | 2.8% | 2.8% | ||
| Q1 24 | 5.5% | 2.6% |
| Q4 25 | 1.56× | 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
NTRA
Segment breakdown not available.
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% |
