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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $836.0M, roughly 2.0× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 6.2%, a 6.9% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -16.7%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $79.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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 ...
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
SBGI vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $1.6B |
| Net Profit | $109.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 9.6% | 5.2% |
| Net Margin | 13.0% | 6.2% |
| Revenue YoY | -16.7% | 22.0% |
| Net Profit YoY | -38.1% | 215.6% |
| EPS (diluted) | $1.62 | $0.18 |
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.
| Q4 25 | $836.0M | $1.6B | ||
| Q3 25 | $773.0M | $1.6B | ||
| Q2 25 | $784.0M | $1.6B | ||
| Q1 25 | $776.0M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $917.0M | $1.3B | ||
| Q2 24 | $829.0M | $1.2B | ||
| Q1 24 | $798.0M | $1.1B |
| Q4 25 | $109.0M | $101.0M | ||
| Q3 25 | $-1.0M | $105.0M | ||
| Q2 25 | $-64.0M | $80.0M | ||
| Q1 25 | $-156.0M | $56.0M | ||
| Q4 24 | $176.0M | $32.0M | ||
| Q3 24 | $94.0M | $56.0M | ||
| Q2 24 | $17.0M | $14.0M | ||
| Q1 24 | $23.0M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 9.6% | 5.2% | ||
| Q3 25 | 7.5% | 5.1% | ||
| Q2 25 | 2.7% | 5.2% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | 26.5% | 2.5% | ||
| Q3 24 | 19.5% | 2.6% | ||
| Q2 24 | 7.7% | 0.4% | ||
| Q1 24 | 5.3% | -5.2% |
| Q4 25 | 13.0% | 6.2% | ||
| Q3 25 | -0.1% | 6.4% | ||
| Q2 25 | -8.2% | 5.2% | ||
| Q1 25 | -20.1% | 4.2% | ||
| Q4 24 | 17.5% | 2.4% | ||
| Q3 24 | 10.3% | 4.3% | ||
| Q2 24 | 2.1% | 1.1% | ||
| Q1 24 | 2.9% | -7.7% |
| Q4 25 | $1.62 | $0.18 | ||
| Q3 25 | $-0.02 | $0.16 | ||
| Q2 25 | $-0.91 | $0.13 | ||
| Q1 25 | $-2.30 | $0.09 | ||
| Q4 24 | $2.64 | $0.09 | ||
| Q3 24 | $1.43 | $0.07 | ||
| Q2 24 | $0.27 | $0.02 | ||
| Q1 24 | $0.35 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $443.0M | $2.1B |
| Total Assets | $5.9B | $3.1B |
| Debt / EquityLower = less leverage | 9.84× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $866.0M | $1.4B | ||
| Q3 25 | $526.0M | $1.4B | ||
| Q2 25 | $616.0M | $1.2B | ||
| Q1 25 | $631.0M | $1.0B | ||
| Q4 24 | $697.0M | $903.0M | ||
| Q3 24 | $536.0M | $761.0M | ||
| Q2 24 | $378.0M | $691.0M | ||
| Q1 24 | $655.0M | $578.0M |
| 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 24 | $4.1B | — |
| Q4 25 | $443.0M | $2.1B | ||
| Q3 25 | $347.0M | $2.0B | ||
| Q2 25 | $361.0M | $1.8B | ||
| Q1 25 | $436.0M | $1.7B | ||
| Q4 24 | $583.0M | $1.5B | ||
| Q3 24 | $415.0M | $1.4B | ||
| Q2 24 | $340.0M | $1.3B | ||
| Q1 24 | $333.0M | $1.2B |
| Q4 25 | $5.9B | $3.1B | ||
| Q3 25 | $5.6B | $3.0B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $5.8B | $2.6B | ||
| Q4 24 | $5.9B | $2.4B | ||
| Q3 24 | $5.8B | $2.2B | ||
| Q2 24 | $5.7B | $2.2B | ||
| Q1 24 | $6.0B | $2.1B |
| 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× | — | ||
| Q1 24 | 12.35× | — |
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 | $194.0M |
| Free Cash FlowOCF − Capex | $79.0M | $178.0M |
| FCF MarginFCF / Revenue | 9.4% | 10.9% |
| Capex IntensityCapex / Revenue | 2.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.90× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $194.0M | ||
| Q3 25 | $-36.0M | $165.0M | ||
| Q2 25 | $122.0M | $223.0M | ||
| Q1 25 | $5.0M | $79.0M | ||
| Q4 24 | $198.0M | $147.0M | ||
| Q3 24 | $210.0M | $109.0M | ||
| Q2 24 | $-306.0M | $124.0M | ||
| Q1 24 | $-4.0M | $-20.0M |
| Q4 25 | $79.0M | $178.0M | ||
| Q3 25 | $-58.0M | $153.0M | ||
| Q2 25 | $105.0M | $208.0M | ||
| Q1 25 | $-11.0M | $69.0M | ||
| Q4 24 | $175.0M | $134.0M | ||
| Q3 24 | $193.0M | $97.0M | ||
| Q2 24 | $-329.0M | $108.0M | ||
| Q1 24 | $-25.0M | $-33.0M |
| Q4 25 | 9.4% | 10.9% | ||
| Q3 25 | -7.5% | 9.4% | ||
| Q2 25 | 13.4% | 13.4% | ||
| Q1 25 | -1.4% | 5.2% | ||
| Q4 24 | 17.4% | 10.0% | ||
| Q3 24 | 21.0% | 7.4% | ||
| Q2 24 | -39.7% | 8.7% | ||
| Q1 24 | -3.1% | -3.1% |
| Q4 25 | 2.3% | 1.0% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.2% | 1.0% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 2.6% | 1.2% |
| Q4 25 | 0.90× | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 1.13× | 4.59× | ||
| Q3 24 | 2.23× | 1.95× | ||
| Q2 24 | -18.00× | 8.86× | ||
| Q1 24 | -0.17× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
