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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Frontier Group Holdings, Inc. is the larger business by last-quarter revenue ($997.0M vs $807.0M, roughly 1.2× Sinclair, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs 2.5%, a 2.8% gap on every dollar of revenue. On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs -0.5%). Over the past eight quarters, Frontier Group Holdings, Inc.'s revenue compounded faster (7.4% 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 ...
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
SBGI vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $997.0M |
| Net Profit | $20.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 0.0% | 4.9% |
| Net Margin | 2.5% | 5.3% |
| Revenue YoY | 4.0% | -0.5% |
| Net Profit YoY | — | -1.9% |
| EPS (diluted) | $0.28 | $0.24 |
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 | $997.0M | ||
| Q3 25 | $773.0M | $886.0M | ||
| Q2 25 | $784.0M | $929.0M | ||
| Q1 25 | $776.0M | $912.0M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $917.0M | $935.0M | ||
| Q2 24 | $829.0M | $973.0M |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | $53.0M | ||
| Q3 25 | $-1.0M | $-77.0M | ||
| Q2 25 | $-64.0M | $-70.0M | ||
| Q1 25 | $-156.0M | $-43.0M | ||
| Q4 24 | $176.0M | $54.0M | ||
| Q3 24 | $94.0M | $26.0M | ||
| Q2 24 | $17.0M | $31.0M |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | 4.9% | ||
| Q3 25 | 7.5% | -8.7% | ||
| Q2 25 | 2.7% | -8.1% | ||
| Q1 25 | 1.8% | -5.0% | ||
| Q4 24 | 26.5% | 4.5% | ||
| Q3 24 | 19.5% | 2.0% | ||
| Q2 24 | 7.7% | 2.6% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | 5.3% | ||
| Q3 25 | -0.1% | -8.7% | ||
| Q2 25 | -8.2% | -7.5% | ||
| Q1 25 | -20.1% | -4.7% | ||
| Q4 24 | 17.5% | 5.4% | ||
| Q3 24 | 10.3% | 2.8% | ||
| Q2 24 | 2.1% | 3.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $0.24 | ||
| Q3 25 | $-0.02 | $-0.34 | ||
| Q2 25 | $-0.91 | $-0.31 | ||
| Q1 25 | $-2.30 | $-0.19 | ||
| Q4 24 | $2.64 | $0.24 | ||
| Q3 24 | $1.43 | $0.11 | ||
| Q2 24 | $0.27 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | — | $491.0M |
| Total Assets | — | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $866.0M | $671.0M | ||
| Q3 25 | $526.0M | $566.0M | ||
| Q2 25 | $616.0M | $563.0M | ||
| Q1 25 | $631.0M | $686.0M | ||
| Q4 24 | $697.0M | $740.0M | ||
| Q3 24 | $536.0M | $576.0M | ||
| Q2 24 | $378.0M | $658.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $620.0M | ||
| Q3 25 | $4.1B | $673.0M | ||
| Q2 25 | $4.1B | $565.0M | ||
| Q1 25 | $4.2B | $512.0M | ||
| Q4 24 | $4.1B | $507.0M | ||
| Q3 24 | $4.1B | $474.0M | ||
| Q2 24 | $4.1B | $455.0M |
| Q1 26 | — | — | ||
| Q4 25 | $443.0M | $491.0M | ||
| Q3 25 | $347.0M | $434.0M | ||
| Q2 25 | $361.0M | $506.0M | ||
| Q1 25 | $436.0M | $570.0M | ||
| Q4 24 | $583.0M | $604.0M | ||
| Q3 24 | $415.0M | $549.0M | ||
| Q2 24 | $340.0M | $520.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $7.2B | ||
| Q3 25 | $5.6B | $6.7B | ||
| Q2 25 | $5.7B | $6.5B | ||
| Q1 25 | $5.8B | $6.5B | ||
| Q4 24 | $5.9B | $6.2B | ||
| Q3 24 | $5.8B | $5.8B | ||
| Q2 24 | $5.7B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 9.84× | 1.26× | ||
| Q3 25 | 11.75× | 1.55× | ||
| Q2 25 | 11.30× | 1.12× | ||
| Q1 25 | 9.56× | 0.90× | ||
| Q4 24 | 7.02× | 0.84× | ||
| Q3 24 | 9.86× | 0.86× | ||
| Q2 24 | 12.08× | 0.88× |
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 | — | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | 1.7% | 2.2% |
| Cash ConversionOCF / Net Profit | — | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $-91.0M | ||
| Q3 25 | $-36.0M | $-215.0M | ||
| Q2 25 | $122.0M | $-133.0M | ||
| Q1 25 | $5.0M | $-86.0M | ||
| Q4 24 | $198.0M | $87.0M | ||
| Q3 24 | $210.0M | $-156.0M | ||
| Q2 24 | $-306.0M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $-113.0M | ||
| Q3 25 | $-58.0M | $-217.0M | ||
| Q2 25 | $105.0M | $-166.0M | ||
| Q1 25 | $-11.0M | $-104.0M | ||
| Q4 24 | $175.0M | $73.0M | ||
| Q3 24 | $193.0M | $-170.0M | ||
| Q2 24 | $-329.0M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | -11.3% | ||
| Q3 25 | -7.5% | -24.5% | ||
| Q2 25 | 13.4% | -17.9% | ||
| Q1 25 | -1.4% | -11.4% | ||
| Q4 24 | 17.4% | 7.3% | ||
| Q3 24 | 21.0% | -18.2% | ||
| Q2 24 | -39.7% | -2.3% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | 2.3% | 2.2% | ||
| Q3 25 | 2.8% | 0.2% | ||
| Q2 25 | 2.2% | 3.6% | ||
| Q1 25 | 2.1% | 2.0% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 2.8% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | 1.61× | ||
| Q3 24 | 2.23× | -6.00× | ||
| Q2 24 | -18.00× | 0.29× |
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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
