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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and SM Energy Co (SM). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $704.9M, roughly 1.1× SM Energy Co). On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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 ...
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
SBGI vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $704.9M |
| Net Profit | $20.0M | — |
| Gross Margin | — | — |
| Operating Margin | 0.0% | 25.9% |
| Net Margin | 2.5% | — |
| Revenue YoY | 4.0% | -17.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.28 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $773.0M | $811.6M | ||
| Q2 25 | $784.0M | $792.9M | ||
| Q1 25 | $776.0M | $844.5M | ||
| Q4 24 | $1.0B | $852.0M | ||
| Q3 24 | $917.0M | $643.6M | ||
| Q2 24 | $829.0M | $634.6M |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | — | ||
| Q3 25 | $-1.0M | $155.1M | ||
| Q2 25 | $-64.0M | $201.7M | ||
| Q1 25 | $-156.0M | $182.3M | ||
| Q4 24 | $176.0M | — | ||
| Q3 24 | $94.0M | $240.5M | ||
| Q2 24 | $17.0M | $210.3M |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | 25.9% | ||
| Q3 25 | 7.5% | 30.4% | ||
| Q2 25 | 2.7% | 37.2% | ||
| Q1 25 | 1.8% | 32.7% | ||
| Q4 24 | 26.5% | 33.7% | ||
| Q3 24 | 19.5% | 51.4% | ||
| Q2 24 | 7.7% | 44.0% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | — | ||
| Q3 25 | -0.1% | 19.1% | ||
| Q2 25 | -8.2% | 25.4% | ||
| Q1 25 | -20.1% | 21.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | 37.4% | ||
| Q2 24 | 2.1% | 33.1% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $0.94 | ||
| Q3 25 | $-0.02 | $1.35 | ||
| Q2 25 | $-0.91 | $1.76 | ||
| Q1 25 | $-2.30 | $1.59 | ||
| Q4 24 | $2.64 | $1.63 | ||
| Q3 24 | $1.43 | $2.09 | ||
| Q2 24 | $0.27 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.8B |
| Total Assets | — | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $866.0M | $368.0M | ||
| Q3 25 | $526.0M | $162.3M | ||
| Q2 25 | $616.0M | $101.9M | ||
| Q1 25 | $631.0M | $54.0K | ||
| Q4 24 | $697.0M | — | ||
| Q3 24 | $536.0M | $1.7B | ||
| Q2 24 | $378.0M | $487.9M |
| 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 | — | — | ||
| Q4 25 | $443.0M | $4.8B | ||
| Q3 25 | $347.0M | $4.7B | ||
| Q2 25 | $361.0M | $4.6B | ||
| Q1 25 | $436.0M | $4.4B | ||
| Q4 24 | $583.0M | $4.2B | ||
| Q3 24 | $415.0M | $4.1B | ||
| Q2 24 | $340.0M | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $9.3B | ||
| Q3 25 | $5.6B | $9.1B | ||
| Q2 25 | $5.7B | $9.0B | ||
| Q1 25 | $5.8B | $8.8B | ||
| Q4 24 | $5.9B | $8.6B | ||
| Q3 24 | $5.8B | $8.0B | ||
| Q2 24 | $5.7B | $6.7B |
| 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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $451.9M | ||
| Q3 25 | $-36.0M | $505.0M | ||
| Q2 25 | $122.0M | $571.1M | ||
| Q1 25 | $5.0M | $483.0M | ||
| Q4 24 | $198.0M | $578.4M | ||
| Q3 24 | $210.0M | $452.3M | ||
| Q2 24 | $-306.0M | $476.4M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 2.23× | 1.88× | ||
| Q2 24 | -18.00× | 2.27× |
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% |
SM
Segment breakdown not available.
