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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $586.5M, roughly 1.4× StepStone Group Inc.). Sinclair, Inc. runs the higher net margin — 2.5% vs -21.0%, a 23.5% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 4.0%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% 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 ...
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
SBGI vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $586.5M |
| Net Profit | $20.0M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 0.0% | -33.2% |
| Net Margin | 2.5% | -21.0% |
| Revenue YoY | 4.0% | 73.0% |
| Net Profit YoY | — | 35.7% |
| EPS (diluted) | $0.28 | $-1.55 |
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 | $586.5M | ||
| Q3 25 | $773.0M | $454.2M | ||
| Q2 25 | $784.0M | $364.3M | ||
| Q1 25 | $776.0M | $377.7M | ||
| Q4 24 | $1.0B | $339.0M | ||
| Q3 24 | $917.0M | $271.7M | ||
| Q2 24 | $829.0M | $186.4M |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | $-123.5M | ||
| Q3 25 | $-1.0M | $-366.1M | ||
| Q2 25 | $-64.0M | $-38.4M | ||
| Q1 25 | $-156.0M | $-18.5M | ||
| Q4 24 | $176.0M | $-192.0M | ||
| Q3 24 | $94.0M | $17.6M | ||
| Q2 24 | $17.0M | $13.3M |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | -33.2% | ||
| Q3 25 | 7.5% | -148.8% | ||
| Q2 25 | 2.7% | -5.6% | ||
| Q1 25 | 1.8% | 2.6% | ||
| Q4 24 | 26.5% | -101.7% | ||
| Q3 24 | 19.5% | 21.3% | ||
| Q2 24 | 7.7% | 29.4% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | -21.0% | ||
| Q3 25 | -0.1% | -80.6% | ||
| Q2 25 | -8.2% | -10.5% | ||
| Q1 25 | -20.1% | -4.9% | ||
| Q4 24 | 17.5% | -56.6% | ||
| Q3 24 | 10.3% | 6.5% | ||
| Q2 24 | 2.1% | 7.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $-1.55 | ||
| Q3 25 | $-0.02 | $-4.66 | ||
| Q2 25 | $-0.91 | $-0.49 | ||
| Q1 25 | $-2.30 | $-0.37 | ||
| Q4 24 | $2.64 | $-2.61 | ||
| Q3 24 | $1.43 | $0.26 | ||
| Q2 24 | $0.27 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | — | $-378.8M |
| Total Assets | — | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | $270.2M | ||
| Q3 25 | $4.1B | $269.9M | ||
| Q2 25 | $4.1B | $269.6M | ||
| Q1 25 | $4.2B | $269.3M | ||
| Q4 24 | $4.1B | $168.9M | ||
| Q3 24 | $4.1B | $172.3M | ||
| Q2 24 | $4.1B | $172.1M |
| Q1 26 | — | — | ||
| Q4 25 | $443.0M | $-378.8M | ||
| Q3 25 | $347.0M | $-233.5M | ||
| Q2 25 | $361.0M | $153.9M | ||
| Q1 25 | $436.0M | $179.4M | ||
| Q4 24 | $583.0M | $209.8M | ||
| Q3 24 | $415.0M | $397.5M | ||
| Q2 24 | $340.0M | $366.9M |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $5.2B | ||
| Q3 25 | $5.6B | $5.3B | ||
| Q2 25 | $5.7B | $4.8B | ||
| Q1 25 | $5.8B | $4.6B | ||
| Q4 24 | $5.9B | $4.3B | ||
| Q3 24 | $5.8B | $4.0B | ||
| Q2 24 | $5.7B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | 9.84× | — | ||
| Q3 25 | 11.75× | — | ||
| Q2 25 | 11.30× | 1.75× | ||
| Q1 25 | 9.56× | 1.50× | ||
| Q4 24 | 7.02× | 0.81× | ||
| Q3 24 | 9.86× | 0.43× | ||
| Q2 24 | 12.08× | 0.47× |
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 | — | $27.2M |
| Free Cash FlowOCF − Capex | — | $26.7M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | 1.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $27.2M | ||
| Q3 25 | $-36.0M | $16.2M | ||
| Q2 25 | $122.0M | $46.3M | ||
| Q1 25 | $5.0M | $-66.5M | ||
| Q4 24 | $198.0M | $27.6M | ||
| Q3 24 | $210.0M | $53.7M | ||
| Q2 24 | $-306.0M | $50.2M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $26.7M | ||
| Q3 25 | $-58.0M | $15.9M | ||
| Q2 25 | $105.0M | $45.2M | ||
| Q1 25 | $-11.0M | $-69.2M | ||
| Q4 24 | $175.0M | $27.0M | ||
| Q3 24 | $193.0M | $52.4M | ||
| Q2 24 | $-329.0M | $49.6M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 4.6% | ||
| Q3 25 | -7.5% | 3.5% | ||
| Q2 25 | 13.4% | 12.4% | ||
| Q1 25 | -1.4% | -18.3% | ||
| Q4 24 | 17.4% | 8.0% | ||
| Q3 24 | 21.0% | 19.3% | ||
| Q2 24 | -39.7% | 26.6% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 2.8% | 0.1% | ||
| Q2 25 | 2.2% | 0.3% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.8% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 2.23× | 3.05× | ||
| Q2 24 | -18.00× | 3.76× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
