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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $789.0M, roughly 1.1× UL Solutions Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 8.5%, a 4.5% gap on every dollar of revenue. On growth, UL Solutions Inc. posted the faster year-over-year revenue change (6.8% vs -16.7%). UL Solutions Inc. produced more free cash flow last quarter ($86.0M vs $79.0M). Over the past eight quarters, UL Solutions Inc.'s revenue compounded faster (8.5% 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 ...
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
SBGI vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $789.0M |
| Net Profit | $109.0M | $67.0M |
| Gross Margin | — | 49.7% |
| Operating Margin | 9.6% | 15.0% |
| Net Margin | 13.0% | 8.5% |
| Revenue YoY | -16.7% | 6.8% |
| Net Profit YoY | -38.1% | -17.3% |
| EPS (diluted) | $1.62 | $0.33 |
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 | $789.0M | ||
| Q3 25 | $773.0M | $783.0M | ||
| Q2 25 | $784.0M | $776.0M | ||
| Q1 25 | $776.0M | $705.0M | ||
| Q4 24 | $1.0B | $739.0M | ||
| Q3 24 | $917.0M | $731.0M | ||
| Q2 24 | $829.0M | $730.0M | ||
| Q1 24 | $798.0M | $670.0M |
| Q4 25 | $109.0M | $67.0M | ||
| Q3 25 | $-1.0M | $100.0M | ||
| Q2 25 | $-64.0M | $91.0M | ||
| Q1 25 | $-156.0M | $67.0M | ||
| Q4 24 | $176.0M | $81.0M | ||
| Q3 24 | $94.0M | $88.0M | ||
| Q2 24 | $17.0M | $101.0M | ||
| Q1 24 | $23.0M | $56.0M |
| Q4 25 | — | 49.7% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 49.0% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 47.6% |
| Q4 25 | 9.6% | 15.0% | ||
| Q3 25 | 7.5% | 19.9% | ||
| Q2 25 | 2.7% | 17.9% | ||
| Q1 25 | 1.8% | 15.5% | ||
| Q4 24 | 26.5% | 15.6% | ||
| Q3 24 | 19.5% | 17.8% | ||
| Q2 24 | 7.7% | 17.3% | ||
| Q1 24 | 5.3% | 13.6% |
| Q4 25 | 13.0% | 8.5% | ||
| Q3 25 | -0.1% | 12.8% | ||
| Q2 25 | -8.2% | 11.7% | ||
| Q1 25 | -20.1% | 9.5% | ||
| Q4 24 | 17.5% | 11.0% | ||
| Q3 24 | 10.3% | 12.0% | ||
| Q2 24 | 2.1% | 13.8% | ||
| Q1 24 | 2.9% | 8.4% |
| Q4 25 | $1.62 | $0.33 | ||
| Q3 25 | $-0.02 | $0.49 | ||
| Q2 25 | $-0.91 | $0.45 | ||
| Q1 25 | $-2.30 | $0.33 | ||
| Q4 24 | $2.64 | $0.40 | ||
| Q3 24 | $1.43 | $0.44 | ||
| Q2 24 | $0.27 | $0.50 | ||
| Q1 24 | $0.35 | $0.28 |
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 | $295.0M |
| Total DebtLower is stronger | $4.4B | $491.0M |
| Stockholders' EquityBook value | $443.0M | $1.3B |
| Total Assets | $5.9B | $2.9B |
| Debt / EquityLower = less leverage | 9.84× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $866.0M | $295.0M | ||
| Q3 25 | $526.0M | $255.0M | ||
| Q2 25 | $616.0M | $272.0M | ||
| Q1 25 | $631.0M | $267.0M | ||
| Q4 24 | $697.0M | $298.0M | ||
| Q3 24 | $536.0M | $327.0M | ||
| Q2 24 | $378.0M | $295.0M | ||
| Q1 24 | $655.0M | $344.0M |
| Q4 25 | $4.4B | $491.0M | ||
| Q3 25 | $4.1B | $544.0M | ||
| Q2 25 | $4.1B | $608.0M | ||
| Q1 25 | $4.2B | $653.0M | ||
| Q4 24 | $4.1B | $742.0M | ||
| Q3 24 | $4.1B | $797.0M | ||
| Q2 24 | $4.1B | $810.0M | ||
| Q1 24 | $4.1B | $879.0M |
| Q4 25 | $443.0M | $1.3B | ||
| Q3 25 | $347.0M | $1.2B | ||
| Q2 25 | $361.0M | $1.1B | ||
| Q1 25 | $436.0M | $970.0M | ||
| Q4 24 | $583.0M | $904.0M | ||
| Q3 24 | $415.0M | $872.0M | ||
| Q2 24 | $340.0M | $769.0M | ||
| Q1 24 | $333.0M | $671.0M |
| Q4 25 | $5.9B | $2.9B | ||
| Q3 25 | $5.6B | $2.9B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.8B | $2.9B | ||
| Q4 24 | $5.9B | $2.8B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.7B | $2.7B | ||
| Q1 24 | $6.0B | $2.8B |
| Q4 25 | 9.84× | 0.39× | ||
| Q3 25 | 11.75× | 0.46× | ||
| Q2 25 | 11.30× | 0.56× | ||
| Q1 25 | 9.56× | 0.67× | ||
| Q4 24 | 7.02× | 0.82× | ||
| Q3 24 | 9.86× | 0.91× | ||
| Q2 24 | 12.08× | 1.05× | ||
| Q1 24 | 12.35× | 1.31× |
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 | $144.0M |
| Free Cash FlowOCF − Capex | $79.0M | $86.0M |
| FCF MarginFCF / Revenue | 9.4% | 10.9% |
| Capex IntensityCapex / Revenue | 2.3% | 7.4% |
| Cash ConversionOCF / Net Profit | 0.90× | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $144.0M | ||
| Q3 25 | $-36.0M | $155.0M | ||
| Q2 25 | $122.0M | $147.0M | ||
| Q1 25 | $5.0M | $154.0M | ||
| Q4 24 | $198.0M | $130.0M | ||
| Q3 24 | $210.0M | $150.0M | ||
| Q2 24 | $-306.0M | $103.0M | ||
| Q1 24 | $-4.0M | $141.0M |
| Q4 25 | $79.0M | $86.0M | ||
| Q3 25 | $-58.0M | $109.0M | ||
| Q2 25 | $105.0M | $105.0M | ||
| Q1 25 | $-11.0M | $103.0M | ||
| Q4 24 | $175.0M | $72.0M | ||
| Q3 24 | $193.0M | $84.0M | ||
| Q2 24 | $-329.0M | $47.0M | ||
| Q1 24 | $-25.0M | $84.0M |
| Q4 25 | 9.4% | 10.9% | ||
| Q3 25 | -7.5% | 13.9% | ||
| Q2 25 | 13.4% | 13.5% | ||
| Q1 25 | -1.4% | 14.6% | ||
| Q4 24 | 17.4% | 9.7% | ||
| Q3 24 | 21.0% | 11.5% | ||
| Q2 24 | -39.7% | 6.4% | ||
| Q1 24 | -3.1% | 12.5% |
| Q4 25 | 2.3% | 7.4% | ||
| Q3 25 | 2.8% | 5.9% | ||
| Q2 25 | 2.2% | 5.4% | ||
| Q1 25 | 2.1% | 7.2% | ||
| Q4 24 | 2.3% | 7.8% | ||
| Q3 24 | 1.9% | 9.0% | ||
| Q2 24 | 2.8% | 7.7% | ||
| Q1 24 | 2.6% | 8.5% |
| Q4 25 | 0.90× | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | 1.13× | 1.60× | ||
| Q3 24 | 2.23× | 1.70× | ||
| Q2 24 | -18.00× | 1.02× | ||
| Q1 24 | -0.17× | 2.52× |
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% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
