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

Steris is the larger business by last-quarter revenue ($1.5B vs $807.0M, roughly 1.9× Sinclair, Inc.). Steris runs the higher net margin — 12.9% vs 2.5%, a 10.4% gap on every dollar of revenue. On growth, Steris posted the faster year-over-year revenue change (9.2% vs 4.0%). Over the past eight quarters, Steris's revenue compounded faster (15.8% 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 ...

Steris plc is an American-Irish-based medical equipment company specializing in sterilization and surgical products for the US healthcare system. Steris is operationally headquartered in Mentor, Ohio, and has been legally registered in Dublin, Ireland, for tax purposes since 2018. Previously the company was registered in the United Kingdom from 2014 to 2018.

SBGI vs STE — Head-to-Head

Bigger by revenue
STE
STE
1.9× larger
STE
$1.5B
$807.0M
SBGI
Growing faster (revenue YoY)
STE
STE
+5.2% gap
STE
9.2%
4.0%
SBGI
Higher net margin
STE
STE
10.4% more per $
STE
12.9%
2.5%
SBGI
Faster 2-yr revenue CAGR
STE
STE
Annualised
STE
15.8%
-1.3%
SBGI

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
SBGI
SBGI
STE
STE
Revenue
$807.0M
$1.5B
Net Profit
$20.0M
$192.9M
Gross Margin
43.8%
Operating Margin
0.0%
18.3%
Net Margin
2.5%
12.9%
Revenue YoY
4.0%
9.2%
Net Profit YoY
11.2%
EPS (diluted)
$0.28
$1.96

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
SBGI
SBGI
STE
STE
Q1 26
$807.0M
Q4 25
$836.0M
$1.5B
Q3 25
$773.0M
$1.5B
Q2 25
$784.0M
$1.4B
Q1 25
$776.0M
$1.5B
Q4 24
$1.0B
$1.4B
Q3 24
$917.0M
$1.3B
Q2 24
$829.0M
$1.3B
Net Profit
SBGI
SBGI
STE
STE
Q1 26
$20.0M
Q4 25
$109.0M
$192.9M
Q3 25
$-1.0M
$191.9M
Q2 25
$-64.0M
$177.4M
Q1 25
$-156.0M
$145.7M
Q4 24
$176.0M
$173.5M
Q3 24
$94.0M
$150.0M
Q2 24
$17.0M
$145.4M
Gross Margin
SBGI
SBGI
STE
STE
Q1 26
Q4 25
43.8%
Q3 25
44.2%
Q2 25
45.1%
Q1 25
43.3%
Q4 24
44.5%
Q3 24
43.6%
Q2 24
44.7%
Operating Margin
SBGI
SBGI
STE
STE
Q1 26
0.0%
Q4 25
9.6%
18.3%
Q3 25
7.5%
18.2%
Q2 25
2.7%
17.7%
Q1 25
1.8%
14.6%
Q4 24
26.5%
17.9%
Q3 24
19.5%
16.5%
Q2 24
7.7%
14.5%
Net Margin
SBGI
SBGI
STE
STE
Q1 26
2.5%
Q4 25
13.0%
12.9%
Q3 25
-0.1%
13.1%
Q2 25
-8.2%
12.8%
Q1 25
-20.1%
9.8%
Q4 24
17.5%
12.7%
Q3 24
10.3%
11.3%
Q2 24
2.1%
11.4%
EPS (diluted)
SBGI
SBGI
STE
STE
Q1 26
$0.28
Q4 25
$1.62
$1.96
Q3 25
$-0.02
$1.94
Q2 25
$-0.91
$1.79
Q1 25
$-2.30
$1.48
Q4 24
$2.64
$1.75
Q3 24
$1.43
$1.51
Q2 24
$0.27
$1.46

Balance Sheet & Financial Strength

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

Metric
SBGI
SBGI
STE
STE
Cash + ST InvestmentsLiquidity on hand
$423.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$7.2B
Total Assets
$10.6B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$866.0M
$423.7M
Q3 25
$526.0M
$319.2M
Q2 25
$616.0M
$279.7M
Q1 25
$631.0M
$171.7M
Q4 24
$697.0M
$155.2M
Q3 24
$536.0M
$172.2M
Q2 24
$378.0M
$198.3M
Total Debt
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$4.4B
$1.9B
Q3 25
$4.1B
$1.9B
Q2 25
$4.1B
$1.9B
Q1 25
$4.2B
$1.9B
Q4 24
$4.1B
$2.0B
Q3 24
$4.1B
$2.2B
Q2 24
$4.1B
$2.2B
Stockholders' Equity
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$443.0M
$7.2B
Q3 25
$347.0M
$7.0B
Q2 25
$361.0M
$7.0B
Q1 25
$436.0M
$6.6B
Q4 24
$583.0M
$6.4B
Q3 24
$415.0M
$6.6B
Q2 24
$340.0M
$6.4B
Total Assets
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$5.9B
$10.6B
Q3 25
$5.6B
$10.4B
Q2 25
$5.7B
$10.4B
Q1 25
$5.8B
$10.1B
Q4 24
$5.9B
$10.0B
Q3 24
$5.8B
$10.2B
Q2 24
$5.7B
$10.1B
Debt / Equity
SBGI
SBGI
STE
STE
Q1 26
Q4 25
9.84×
0.27×
Q3 25
11.75×
0.27×
Q2 25
11.30×
0.27×
Q1 25
9.56×
0.29×
Q4 24
7.02×
0.32×
Q3 24
9.86×
0.33×
Q2 24
12.08×
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SBGI
SBGI
STE
STE
Operating Cash FlowLast quarter
$298.2M
Free Cash FlowOCF − Capex
$199.5M
FCF MarginFCF / Revenue
13.3%
Capex IntensityCapex / Revenue
1.7%
6.6%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$917.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$98.0M
$298.2M
Q3 25
$-36.0M
$287.8M
Q2 25
$122.0M
$420.0M
Q1 25
$5.0M
$260.8M
Q4 24
$198.0M
$332.8M
Q3 24
$210.0M
$250.7M
Q2 24
$-306.0M
$303.7M
Free Cash Flow
SBGI
SBGI
STE
STE
Q1 26
Q4 25
$79.0M
$199.5M
Q3 25
$-58.0M
$201.3M
Q2 25
$105.0M
$326.4M
Q1 25
$-11.0M
$189.9M
Q4 24
$175.0M
$243.6M
Q3 24
$193.0M
$148.8M
Q2 24
$-329.0M
$195.7M
FCF Margin
SBGI
SBGI
STE
STE
Q1 26
Q4 25
9.4%
13.3%
Q3 25
-7.5%
13.8%
Q2 25
13.4%
23.5%
Q1 25
-1.4%
12.8%
Q4 24
17.4%
17.8%
Q3 24
21.0%
11.2%
Q2 24
-39.7%
15.3%
Capex Intensity
SBGI
SBGI
STE
STE
Q1 26
1.7%
Q4 25
2.3%
6.6%
Q3 25
2.8%
5.9%
Q2 25
2.2%
6.7%
Q1 25
2.1%
4.8%
Q4 24
2.3%
6.5%
Q3 24
1.9%
7.7%
Q2 24
2.8%
8.4%
Cash Conversion
SBGI
SBGI
STE
STE
Q1 26
Q4 25
0.90×
1.55×
Q3 25
1.50×
Q2 25
2.37×
Q1 25
1.79×
Q4 24
1.13×
1.92×
Q3 24
2.23×
1.67×
Q2 24
-18.00×
2.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SBGI
SBGI

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

STE
STE

Servicerevenues$404.7M27%
Consumablerevenues$387.1M26%
Applied Sterilization Technologies$286.6M19%
Capitalequipmentrevenues$272.1M18%
Life Science$145.8M10%

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