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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $807.0M, roughly 1.7× Sinclair, Inc.). SEALED AIR CORP runs the higher net margin — 3.1% vs 2.5%, a 0.7% gap on every dollar of revenue. On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -1.3%).
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 ...
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
SBGI vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $1.4B |
| Net Profit | $20.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 0.0% | 11.4% |
| Net Margin | 2.5% | 3.1% |
| Revenue YoY | 4.0% | 2.6% |
| Net Profit YoY | — | 700.0% |
| EPS (diluted) | $0.28 | $0.30 |
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 | $807.0M | — | ||
| Q4 25 | $836.0M | $1.4B | ||
| Q3 25 | $773.0M | $1.3B | ||
| Q2 25 | $784.0M | $1.3B | ||
| Q1 25 | $776.0M | $1.3B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $917.0M | $1.3B | ||
| Q2 24 | $829.0M | $1.3B |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | $43.8M | ||
| Q3 25 | $-1.0M | $255.1M | ||
| Q2 25 | $-64.0M | $93.1M | ||
| Q1 25 | $-156.0M | $113.5M | ||
| Q4 24 | $176.0M | $-7.3M | ||
| Q3 24 | $94.0M | $91.7M | ||
| Q2 24 | $17.0M | $98.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | 11.4% | ||
| Q3 25 | 7.5% | 13.8% | ||
| Q2 25 | 2.7% | 15.0% | ||
| Q1 25 | 1.8% | 14.5% | ||
| Q4 24 | 26.5% | 11.7% | ||
| Q3 24 | 19.5% | 13.9% | ||
| Q2 24 | 7.7% | 15.4% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | 3.1% | ||
| Q3 25 | -0.1% | 19.0% | ||
| Q2 25 | -8.2% | 7.0% | ||
| Q1 25 | -20.1% | 9.0% | ||
| Q4 24 | 17.5% | -0.5% | ||
| Q3 24 | 10.3% | 6.9% | ||
| Q2 24 | 2.1% | 7.4% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $0.30 | ||
| Q3 25 | $-0.02 | $1.73 | ||
| Q2 25 | $-0.91 | $0.63 | ||
| Q1 25 | $-2.30 | $0.77 | ||
| Q4 24 | $2.64 | $-0.05 | ||
| Q3 24 | $1.43 | $0.63 | ||
| Q2 24 | $0.27 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | — | $1.2B |
| Total Assets | — | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $866.0M | $344.0M | ||
| Q3 25 | $526.0M | $282.5M | ||
| Q2 25 | $616.0M | $354.4M | ||
| Q1 25 | $631.0M | $335.2M | ||
| Q4 24 | $697.0M | $371.8M | ||
| Q3 24 | $536.0M | $386.0M | ||
| Q2 24 | $378.0M | $388.6M |
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $3.3B | ||
| Q3 25 | $4.1B | $4.0B | ||
| Q2 25 | $4.1B | $4.0B | ||
| Q1 25 | $4.2B | $4.2B | ||
| Q4 24 | $4.1B | $4.2B | ||
| Q3 24 | $4.1B | $4.3B | ||
| Q2 24 | $4.1B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | $443.0M | $1.2B | ||
| Q3 25 | $347.0M | $1.2B | ||
| Q2 25 | $361.0M | $953.1M | ||
| Q1 25 | $436.0M | $797.9M | ||
| Q4 24 | $583.0M | $624.5M | ||
| Q3 24 | $415.0M | $771.2M | ||
| Q2 24 | $340.0M | $650.1M |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $7.0B | ||
| Q3 25 | $5.6B | $7.1B | ||
| Q2 25 | $5.7B | $7.2B | ||
| Q1 25 | $5.8B | $7.0B | ||
| Q4 24 | $5.9B | $7.0B | ||
| Q3 24 | $5.8B | $7.3B | ||
| Q2 24 | $5.7B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | 9.84× | 2.65× | ||
| Q3 25 | 11.75× | 3.34× | ||
| Q2 25 | 11.30× | 4.18× | ||
| Q1 25 | 9.56× | 5.26× | ||
| Q4 24 | 7.02× | 6.72× | ||
| Q3 24 | 9.86× | 5.62× | ||
| Q2 24 | 12.08× | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | 1.7% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $293.6M | ||
| Q3 25 | $-36.0M | $165.9M | ||
| Q2 25 | $122.0M | $136.6M | ||
| Q1 25 | $5.0M | $31.9M | ||
| Q4 24 | $198.0M | $244.2M | ||
| Q3 24 | $210.0M | $170.5M | ||
| Q2 24 | $-306.0M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $257.7M | ||
| Q3 25 | $-58.0M | $119.6M | ||
| Q2 25 | $105.0M | $93.2M | ||
| Q1 25 | $-11.0M | $-12.0M | ||
| Q4 24 | $175.0M | $185.1M | ||
| Q3 24 | $193.0M | $115.2M | ||
| Q2 24 | $-329.0M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 18.5% | ||
| Q3 25 | -7.5% | 8.9% | ||
| Q2 25 | 13.4% | 7.0% | ||
| Q1 25 | -1.4% | -0.9% | ||
| Q4 24 | 17.4% | 13.6% | ||
| Q3 24 | 21.0% | 8.6% | ||
| Q2 24 | -39.7% | 9.7% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | 2.3% | 2.6% | ||
| Q3 25 | 2.8% | 3.4% | ||
| Q2 25 | 2.2% | 3.3% | ||
| Q1 25 | 2.1% | 3.5% | ||
| Q4 24 | 2.3% | 4.4% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | 2.8% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 2.23× | 1.86× | ||
| Q2 24 | -18.00× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
