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

ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $836.0M, roughly 1.9× Sinclair, Inc.). ON Semiconductor runs the higher net margin — 16.4% vs 13.0%, a 3.4% gap on every dollar of revenue. On growth, ON Semiconductor posted the faster year-over-year revenue change (-10.0% vs -16.7%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $79.0M). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% CAGR vs -12.3%).

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...

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 ...

ON vs SBGI — Head-to-Head

Bigger by revenue
ON
ON
1.9× larger
ON
$1.6B
$836.0M
SBGI
Growing faster (revenue YoY)
ON
ON
+6.8% gap
ON
-10.0%
-16.7%
SBGI
Higher net margin
ON
ON
3.4% more per $
ON
16.4%
13.0%
SBGI
More free cash flow
ON
ON
$293.4M more FCF
ON
$372.4M
$79.0M
SBGI
Faster 2-yr revenue CAGR
SBGI
SBGI
Annualised
SBGI
2.4%
-12.3%
ON

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ON
ON
SBGI
SBGI
Revenue
$1.6B
$836.0M
Net Profit
$255.0M
$109.0M
Gross Margin
37.9%
Operating Margin
17.0%
9.6%
Net Margin
16.4%
13.0%
Revenue YoY
-10.0%
-16.7%
Net Profit YoY
-32.9%
-38.1%
EPS (diluted)
$0.63
$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
ON
ON
SBGI
SBGI
Q4 25
$1.6B
$836.0M
Q3 25
$1.5B
$773.0M
Q2 25
$1.4B
$784.0M
Q1 25
$776.0M
Q4 24
$1.7B
$1.0B
Q3 24
$1.8B
$917.0M
Q2 24
$1.7B
$829.0M
Q1 24
$1.9B
$798.0M
Net Profit
ON
ON
SBGI
SBGI
Q4 25
$255.0M
$109.0M
Q3 25
$170.3M
$-1.0M
Q2 25
$-486.1M
$-64.0M
Q1 25
$-156.0M
Q4 24
$379.9M
$176.0M
Q3 24
$401.7M
$94.0M
Q2 24
$338.2M
$17.0M
Q1 24
$453.0M
$23.0M
Gross Margin
ON
ON
SBGI
SBGI
Q4 25
37.9%
Q3 25
37.6%
Q2 25
20.3%
Q1 25
Q4 24
45.2%
Q3 24
45.4%
Q2 24
45.2%
Q1 24
45.8%
Operating Margin
ON
ON
SBGI
SBGI
Q4 25
17.0%
9.6%
Q3 25
13.2%
7.5%
Q2 25
-39.7%
2.7%
Q1 25
1.8%
Q4 24
23.7%
26.5%
Q3 24
25.3%
19.5%
Q2 24
22.4%
7.7%
Q1 24
28.2%
5.3%
Net Margin
ON
ON
SBGI
SBGI
Q4 25
16.4%
13.0%
Q3 25
11.6%
-0.1%
Q2 25
-33.6%
-8.2%
Q1 25
-20.1%
Q4 24
22.1%
17.5%
Q3 24
22.8%
10.3%
Q2 24
19.5%
2.1%
Q1 24
24.3%
2.9%
EPS (diluted)
ON
ON
SBGI
SBGI
Q4 25
$0.63
$1.62
Q3 25
$0.41
$-0.02
Q2 25
$-1.15
$-0.91
Q1 25
$-2.30
Q4 24
$0.88
$2.64
Q3 24
$0.93
$1.43
Q2 24
$0.78
$0.27
Q1 24
$1.04
$0.35

Balance Sheet & Financial Strength

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

Metric
ON
ON
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$2.9B
$866.0M
Total DebtLower is stronger
$3.4B
$4.4B
Stockholders' EquityBook value
$7.9B
$443.0M
Total Assets
$13.0B
$5.9B
Debt / EquityLower = less leverage
0.43×
9.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ON
ON
SBGI
SBGI
Q4 25
$2.9B
$866.0M
Q3 25
$2.8B
$526.0M
Q2 25
$3.0B
$616.0M
Q1 25
$631.0M
Q4 24
$3.0B
$697.0M
Q3 24
$2.8B
$536.0M
Q2 24
$2.7B
$378.0M
Q1 24
$2.6B
$655.0M
Total Debt
ON
ON
SBGI
SBGI
Q4 25
$3.4B
$4.4B
Q3 25
$3.4B
$4.1B
Q2 25
$3.4B
$4.1B
Q1 25
$4.2B
Q4 24
$3.4B
$4.1B
Q3 24
$3.4B
$4.1B
Q2 24
$3.4B
$4.1B
Q1 24
$3.4B
$4.1B
Stockholders' Equity
ON
ON
SBGI
SBGI
Q4 25
$7.9B
$443.0M
Q3 25
$7.9B
$347.0M
Q2 25
$8.0B
$361.0M
Q1 25
$436.0M
Q4 24
$8.8B
$583.0M
Q3 24
$8.6B
$415.0M
Q2 24
$8.3B
$340.0M
Q1 24
$8.1B
$333.0M
Total Assets
ON
ON
SBGI
SBGI
Q4 25
$13.0B
$5.9B
Q3 25
$13.1B
$5.6B
Q2 25
$13.3B
$5.7B
Q1 25
$5.8B
Q4 24
$14.1B
$5.9B
Q3 24
$13.9B
$5.8B
Q2 24
$13.7B
$5.7B
Q1 24
$13.5B
$6.0B
Debt / Equity
ON
ON
SBGI
SBGI
Q4 25
0.43×
9.84×
Q3 25
0.43×
11.75×
Q2 25
0.42×
11.30×
Q1 25
9.56×
Q4 24
0.38×
7.02×
Q3 24
0.39×
9.86×
Q2 24
0.41×
12.08×
Q1 24
0.42×
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
ON
ON
SBGI
SBGI
Operating Cash FlowLast quarter
$418.7M
$98.0M
Free Cash FlowOCF − Capex
$372.4M
$79.0M
FCF MarginFCF / Revenue
24.0%
9.4%
Capex IntensityCapex / Revenue
3.0%
2.3%
Cash ConversionOCF / Net Profit
1.64×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$115.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ON
ON
SBGI
SBGI
Q4 25
$418.7M
$98.0M
Q3 25
$184.3M
$-36.0M
Q2 25
$602.3M
$122.0M
Q1 25
$5.0M
Q4 24
$579.7M
$198.0M
Q3 24
$465.8M
$210.0M
Q2 24
$362.2M
$-306.0M
Q1 24
$498.7M
$-4.0M
Free Cash Flow
ON
ON
SBGI
SBGI
Q4 25
$372.4M
$79.0M
Q3 25
$106.1M
$-58.0M
Q2 25
$454.7M
$105.0M
Q1 25
$-11.0M
Q4 24
$434.8M
$175.0M
Q3 24
$293.6M
$193.0M
Q2 24
$207.7M
$-329.0M
Q1 24
$276.3M
$-25.0M
FCF Margin
ON
ON
SBGI
SBGI
Q4 25
24.0%
9.4%
Q3 25
7.2%
-7.5%
Q2 25
31.5%
13.4%
Q1 25
-1.4%
Q4 24
25.2%
17.4%
Q3 24
16.7%
21.0%
Q2 24
12.0%
-39.7%
Q1 24
14.8%
-3.1%
Capex Intensity
ON
ON
SBGI
SBGI
Q4 25
3.0%
2.3%
Q3 25
5.3%
2.8%
Q2 25
10.2%
2.2%
Q1 25
2.1%
Q4 24
8.4%
2.3%
Q3 24
9.8%
1.9%
Q2 24
8.9%
2.8%
Q1 24
11.9%
2.6%
Cash Conversion
ON
ON
SBGI
SBGI
Q4 25
1.64×
0.90×
Q3 25
1.08×
Q2 25
Q1 25
Q4 24
1.53×
1.13×
Q3 24
1.16×
2.23×
Q2 24
1.07×
-18.00×
Q1 24
1.10×
-0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ON
ON

Industrial Segment$426.3M27%
Other End Markets Segment$337.3M22%
Intelligent Sensing Segments$284.0M18%
Direct Customers$282.4M18%
Intelligent Sensing Group$230.0M15%

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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