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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) 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 $430.0M, roughly 1.9× PEGASYSTEMS INC). Sinclair, Inc. runs the higher net margin — 13.0% vs 7.6%, a 5.4% gap on every dollar of revenue. On growth, PEGASYSTEMS INC posted the faster year-over-year revenue change (-9.6% vs -16.7%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $79.0M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 2.4%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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 ...
PEGA vs SBGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $836.0M |
| Net Profit | $32.8M | $109.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | 9.6% |
| Net Margin | 7.6% | 13.0% |
| Revenue YoY | -9.6% | -16.7% |
| Net Profit YoY | — | -38.1% |
| EPS (diluted) | $0.18 | $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.
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $836.0M | ||
| Q3 25 | $381.4M | $773.0M | ||
| Q2 25 | $384.5M | $784.0M | ||
| Q1 25 | $475.6M | $776.0M | ||
| Q4 24 | $490.8M | $1.0B | ||
| Q3 24 | $325.1M | $917.0M | ||
| Q2 24 | $351.2M | $829.0M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $109.0M | ||
| Q3 25 | $43.4M | $-1.0M | ||
| Q2 25 | $30.1M | $-64.0M | ||
| Q1 25 | $85.4M | $-156.0M | ||
| Q4 24 | $119.1M | $176.0M | ||
| Q3 24 | $-14.4M | $94.0M | ||
| Q2 24 | $6.6M | $17.0M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 72.2% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.4% | — |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 9.6% | ||
| Q3 25 | 3.8% | 7.5% | ||
| Q2 25 | 4.5% | 2.7% | ||
| Q1 25 | 26.7% | 1.8% | ||
| Q4 24 | 29.1% | 26.5% | ||
| Q3 24 | -3.6% | 19.5% | ||
| Q2 24 | 3.7% | 7.7% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 13.0% | ||
| Q3 25 | 11.4% | -0.1% | ||
| Q2 25 | 7.8% | -8.2% | ||
| Q1 25 | 18.0% | -20.1% | ||
| Q4 24 | 24.3% | 17.5% | ||
| Q3 24 | -4.4% | 10.3% | ||
| Q2 24 | 1.9% | 2.1% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $1.62 | ||
| Q3 25 | $0.24 | $-0.02 | ||
| Q2 25 | $0.17 | $-0.91 | ||
| Q1 25 | $0.91 | $-2.30 | ||
| Q4 24 | $1.35 | $2.64 | ||
| Q3 24 | $-0.17 | $1.43 | ||
| Q2 24 | $0.07 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $866.0M |
| Total DebtLower is stronger | — | $4.4B |
| Stockholders' EquityBook value | $705.9M | $443.0M |
| Total Assets | $1.6B | $5.9B |
| Debt / EquityLower = less leverage | — | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $866.0M | ||
| Q3 25 | $351.4M | $526.0M | ||
| Q2 25 | $411.6M | $616.0M | ||
| Q1 25 | $371.7M | $631.0M | ||
| Q4 24 | $740.0M | $697.0M | ||
| Q3 24 | $703.0M | $536.0M | ||
| Q2 24 | $665.1M | $378.0M |
| 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 |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $443.0M | ||
| Q3 25 | $596.8M | $347.0M | ||
| Q2 25 | $624.5M | $361.0M | ||
| Q1 25 | $611.3M | $436.0M | ||
| Q4 24 | $585.5M | $583.0M | ||
| Q3 24 | $473.0M | $415.0M | ||
| Q2 24 | $435.4M | $340.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.9B | ||
| Q3 25 | $1.3B | $5.6B | ||
| Q2 25 | $1.3B | $5.7B | ||
| Q1 25 | $1.3B | $5.8B | ||
| Q4 24 | $1.8B | $5.9B | ||
| Q3 24 | $1.6B | $5.8B | ||
| Q2 24 | $1.5B | $5.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $98.0M |
| Free Cash FlowOCF − Capex | $206.5M | $79.0M |
| FCF MarginFCF / Revenue | 48.0% | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $98.0M | ||
| Q3 25 | $56.3M | $-36.0M | ||
| Q2 25 | $86.3M | $122.0M | ||
| Q1 25 | $204.2M | $5.0M | ||
| Q4 24 | $95.2M | $198.0M | ||
| Q3 24 | $30.5M | $210.0M | ||
| Q2 24 | $40.1M | $-306.0M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $79.0M | ||
| Q3 25 | $51.8M | $-58.0M | ||
| Q2 25 | $84.1M | $105.0M | ||
| Q1 25 | $202.3M | $-11.0M | ||
| Q4 24 | $92.4M | $175.0M | ||
| Q3 24 | $27.4M | $193.0M | ||
| Q2 24 | $38.8M | $-329.0M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 9.4% | ||
| Q3 25 | 13.6% | -7.5% | ||
| Q2 25 | 21.9% | 13.4% | ||
| Q1 25 | 42.5% | -1.4% | ||
| Q4 24 | 18.8% | 17.4% | ||
| Q3 24 | 8.4% | 21.0% | ||
| Q2 24 | 11.1% | -39.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 1.2% | 2.8% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 0.4% | 2.1% | ||
| Q4 24 | 0.6% | 2.3% | ||
| Q3 24 | 0.9% | 1.9% | ||
| Q2 24 | 0.4% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 0.90× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 0.80× | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 6.06× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
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% |
