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

Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $731.2M, roughly 1.1× Qfin Holdings, Inc.). Qfin Holdings, Inc. runs the higher net margin — 27.5% vs 2.5%, a 25.0% gap on every dollar of revenue. Over the past eight quarters, Qfin Holdings, Inc.'s revenue compounded faster (16.4% CAGR vs -1.3%).

Qfin Holdings Inc. is a leading China-based fintech enterprise that mainly provides intelligent credit solutions, risk management technology support, and digital financial service tools. It collaborates with licensed financial institutions to serve individual consumers and micro, small and medium-sized enterprises across China, using big data and artificial intelligence to boost financial inclusion and operational efficiency.

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 ...

QFIN vs SBGI — Head-to-Head

Bigger by revenue
SBGI
SBGI
1.1× larger
SBGI
$807.0M
$731.2M
QFIN
Higher net margin
QFIN
QFIN
25.0% more per $
QFIN
27.5%
2.5%
SBGI
Faster 2-yr revenue CAGR
QFIN
QFIN
Annualised
QFIN
16.4%
-1.3%
SBGI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
QFIN
QFIN
SBGI
SBGI
Revenue
$731.2M
$807.0M
Net Profit
$201.2M
$20.0M
Gross Margin
Operating Margin
32.7%
0.0%
Net Margin
27.5%
2.5%
Revenue YoY
4.0%
Net Profit YoY
EPS (diluted)
$0.28

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
QFIN
QFIN
SBGI
SBGI
Q1 26
$807.0M
Q4 25
$836.0M
Q3 25
$731.2M
$773.0M
Q2 25
$728.1M
$784.0M
Q1 25
$646.4M
$776.0M
Q4 24
$1.0B
Q3 24
$622.7M
$917.0M
Q2 24
$572.4M
$829.0M
Net Profit
QFIN
QFIN
SBGI
SBGI
Q1 26
$20.0M
Q4 25
$109.0M
Q3 25
$201.2M
$-1.0M
Q2 25
$241.6M
$-64.0M
Q1 25
$247.6M
$-156.0M
Q4 24
$176.0M
Q3 24
$256.3M
$94.0M
Q2 24
$189.4M
$17.0M
Operating Margin
QFIN
QFIN
SBGI
SBGI
Q1 26
0.0%
Q4 25
9.6%
Q3 25
32.7%
7.5%
Q2 25
41.0%
2.7%
Q1 25
42.1%
1.8%
Q4 24
26.5%
Q3 24
52.4%
19.5%
Q2 24
47.7%
7.7%
Net Margin
QFIN
QFIN
SBGI
SBGI
Q1 26
2.5%
Q4 25
13.0%
Q3 25
27.5%
-0.1%
Q2 25
33.2%
-8.2%
Q1 25
38.3%
-20.1%
Q4 24
17.5%
Q3 24
41.2%
10.3%
Q2 24
33.1%
2.1%
EPS (diluted)
QFIN
QFIN
SBGI
SBGI
Q1 26
$0.28
Q4 25
$1.62
Q3 25
$-0.02
Q2 25
$-0.91
Q1 25
$-2.30
Q4 24
$2.64
Q3 24
$1.43
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
QFIN
QFIN
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$6.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$24.3B
Total Assets
$61.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
$866.0M
Q3 25
$6.5B
$526.0M
Q2 25
$5.3B
$616.0M
Q1 25
$8.6B
$631.0M
Q4 24
$697.0M
Q3 24
$4.3B
$536.0M
Q2 24
$6.3B
$378.0M
Total Debt
QFIN
QFIN
SBGI
SBGI
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
Stockholders' Equity
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
$443.0M
Q3 25
$24.3B
$347.0M
Q2 25
$24.1B
$361.0M
Q1 25
$23.1B
$436.0M
Q4 24
$583.0M
Q3 24
$22.9B
$415.0M
Q2 24
$22.6B
$340.0M
Total Assets
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
$5.9B
Q3 25
$61.4B
$5.6B
Q2 25
$59.8B
$5.7B
Q1 25
$55.6B
$5.8B
Q4 24
$5.9B
Q3 24
$47.0B
$5.8B
Q2 24
$47.0B
$5.7B
Debt / Equity
QFIN
QFIN
SBGI
SBGI
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
QFIN
QFIN
SBGI
SBGI
Operating Cash FlowLast quarter
$351.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
1.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
$98.0M
Q3 25
$351.4M
$-36.0M
Q2 25
$366.0M
$122.0M
Q1 25
$386.6M
$5.0M
Q4 24
$198.0M
Q3 24
$338.0M
$210.0M
Q2 24
$269.9M
$-306.0M
Free Cash Flow
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
$79.0M
Q3 25
$-58.0M
Q2 25
$105.0M
Q1 25
$-11.0M
Q4 24
$175.0M
Q3 24
$193.0M
Q2 24
$-329.0M
FCF Margin
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
9.4%
Q3 25
-7.5%
Q2 25
13.4%
Q1 25
-1.4%
Q4 24
17.4%
Q3 24
21.0%
Q2 24
-39.7%
Capex Intensity
QFIN
QFIN
SBGI
SBGI
Q1 26
1.7%
Q4 25
2.3%
Q3 25
2.8%
Q2 25
2.2%
Q1 25
2.1%
Q4 24
2.3%
Q3 24
1.9%
Q2 24
2.8%
Cash Conversion
QFIN
QFIN
SBGI
SBGI
Q1 26
Q4 25
0.90×
Q3 25
1.75×
Q2 25
1.52×
Q1 25
1.56×
Q4 24
1.13×
Q3 24
1.32×
2.23×
Q2 24
1.43×
-18.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

QFIN
QFIN

Segment breakdown not available.

SBGI
SBGI

Media revenue$701.0M87%
Other$82.0M10%
Political advertising revenue$18.0M2%
Non-media revenue$6.0M1%

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