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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $661.7M, roughly 1.3× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 13.0%, a 21.1% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 2.4%).
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 ...
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
SBGI vs SSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $661.7M |
| Net Profit | $109.0M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 9.6% | 15.1% |
| Net Margin | 13.0% | 34.1% |
| Revenue YoY | -16.7% | — |
| Net Profit YoY | -38.1% | 153.5% |
| EPS (diluted) | $1.62 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $836.0M | $581.1M | ||
| Q3 25 | $773.0M | $599.7M | ||
| Q2 25 | $784.0M | $577.9M | ||
| Q1 25 | $776.0M | $544.5M | ||
| Q4 24 | $1.0B | $369.8M | ||
| Q3 24 | $917.0M | $351.5M | ||
| Q2 24 | $829.0M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $109.0M | $247.7M | ||
| Q3 25 | $-1.0M | $246.6M | ||
| Q2 25 | $-64.0M | $215.2M | ||
| Q1 25 | $-156.0M | $89.1M | ||
| Q4 24 | $176.0M | $144.2M | ||
| Q3 24 | $94.0M | $143.2M | ||
| Q2 24 | $17.0M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 9.6% | 54.3% | ||
| Q3 25 | 7.5% | 53.6% | ||
| Q2 25 | 2.7% | 48.8% | ||
| Q1 25 | 1.8% | 22.3% | ||
| Q4 24 | 26.5% | 50.7% | ||
| Q3 24 | 19.5% | 53.1% | ||
| Q2 24 | 7.7% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 13.0% | 42.6% | ||
| Q3 25 | -0.1% | 41.1% | ||
| Q2 25 | -8.2% | 37.2% | ||
| Q1 25 | -20.1% | 16.4% | ||
| Q4 24 | 17.5% | 39.0% | ||
| Q3 24 | 10.3% | 40.7% | ||
| Q2 24 | 2.1% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $1.62 | $2.47 | ||
| Q3 25 | $-0.02 | $2.42 | ||
| Q2 25 | $-0.91 | $2.11 | ||
| Q1 25 | $-2.30 | $0.87 | ||
| Q4 24 | $2.64 | $1.88 | ||
| Q3 24 | $1.43 | $1.86 | ||
| Q2 24 | $0.27 | $1.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $866.0M | $2.9B |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $443.0M | $9.0B |
| Total Assets | $5.9B | $68.0B |
| Debt / EquityLower = less leverage | 9.84× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $866.0M | — | ||
| Q3 25 | $526.0M | — | ||
| Q2 25 | $616.0M | — | ||
| Q1 25 | $631.0M | — | ||
| Q4 24 | $697.0M | — | ||
| Q3 24 | $536.0M | — | ||
| Q2 24 | $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 | — | $9.0B | ||
| Q4 25 | $443.0M | $9.1B | ||
| Q3 25 | $347.0M | $9.0B | ||
| Q2 25 | $361.0M | $8.8B | ||
| Q1 25 | $436.0M | $8.6B | ||
| Q4 24 | $583.0M | $5.9B | ||
| Q3 24 | $415.0M | $5.9B | ||
| Q2 24 | $340.0M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $5.9B | $67.2B | ||
| Q3 25 | $5.6B | $66.0B | ||
| Q2 25 | $5.7B | $65.9B | ||
| Q1 25 | $5.8B | $65.1B | ||
| Q4 24 | $5.9B | $46.4B | ||
| Q3 24 | $5.8B | $46.1B | ||
| Q2 24 | $5.7B | $45.5B |
| 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 | $79.0M | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $232.1M | ||
| Q3 25 | $-36.0M | $122.4M | ||
| Q2 25 | $122.0M | $72.6M | ||
| Q1 25 | $5.0M | $-126.3M | ||
| Q4 24 | $198.0M | $354.3M | ||
| Q3 24 | $210.0M | $-246.8M | ||
| Q2 24 | $-306.0M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $215.5M | ||
| Q3 25 | $-58.0M | $101.7M | ||
| Q2 25 | $105.0M | $52.5M | ||
| Q1 25 | $-11.0M | $-139.1M | ||
| Q4 24 | $175.0M | $340.9M | ||
| Q3 24 | $193.0M | $-254.2M | ||
| Q2 24 | $-329.0M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 37.1% | ||
| Q3 25 | -7.5% | 17.0% | ||
| Q2 25 | 13.4% | 9.1% | ||
| Q1 25 | -1.4% | -25.5% | ||
| Q4 24 | 17.4% | 92.2% | ||
| Q3 24 | 21.0% | -72.3% | ||
| Q2 24 | -39.7% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 2.9% | ||
| Q3 25 | 2.8% | 3.5% | ||
| Q2 25 | 2.2% | 3.5% | ||
| Q1 25 | 2.1% | 2.4% | ||
| Q4 24 | 2.3% | 3.6% | ||
| Q3 24 | 1.9% | 2.1% | ||
| Q2 24 | 2.8% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 1.13× | 2.46× | ||
| Q3 24 | 2.23× | -1.72× | ||
| Q2 24 | -18.00× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
