vs
Side-by-side financial comparison of Sinclair, Inc. (SBGI) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $807.0M, roughly 1.5× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 2.5% vs -35.0%, a 37.5% gap on every dollar of revenue. On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs -0.7%). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% 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 ...
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
SBGI vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $1.2B |
| Net Profit | $20.0M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 0.0% | — |
| Net Margin | 2.5% | -35.0% |
| Revenue YoY | 4.0% | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | $0.28 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $773.0M | $1.2B | ||
| Q2 25 | $784.0M | $1.2B | ||
| Q1 25 | $776.0M | $1.1B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $917.0M | $1.2B | ||
| Q2 24 | $829.0M | $1.1B |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | $-431.0M | ||
| Q3 25 | $-1.0M | $-2.0M | ||
| Q2 25 | $-64.0M | $69.0M | ||
| Q1 25 | $-156.0M | $56.0M | ||
| Q4 24 | $176.0M | $50.0M | ||
| Q3 24 | $94.0M | $84.0M | ||
| Q2 24 | $17.0M | $37.0M |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 7.7% | — |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | -35.0% | ||
| Q3 25 | -0.1% | -0.2% | ||
| Q2 25 | -8.2% | 6.0% | ||
| Q1 25 | -20.1% | 5.0% | ||
| Q4 24 | 17.5% | 4.0% | ||
| Q3 24 | 10.3% | 6.9% | ||
| Q2 24 | 2.1% | 3.5% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $-12.00 | ||
| Q3 25 | $-0.02 | $-0.07 | ||
| Q2 25 | $-0.91 | $1.77 | ||
| Q1 25 | $-2.30 | $1.46 | ||
| Q4 24 | $2.64 | $1.29 | ||
| Q3 24 | $1.43 | $2.12 | ||
| Q2 24 | $0.27 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | — | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $866.0M | $406.0M | ||
| Q3 25 | $526.0M | $474.0M | ||
| Q2 25 | $616.0M | $205.0M | ||
| Q1 25 | $631.0M | $196.0M | ||
| Q4 24 | $697.0M | $197.0M | ||
| Q3 24 | $536.0M | $197.0M | ||
| Q2 24 | $378.0M | $206.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $443.0M | $2.0B | ||
| Q3 25 | $347.0M | $2.5B | ||
| Q2 25 | $361.0M | $2.5B | ||
| Q1 25 | $436.0M | $2.4B | ||
| Q4 24 | $583.0M | $2.4B | ||
| Q3 24 | $415.0M | $2.4B | ||
| Q2 24 | $340.0M | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $9.8B | ||
| Q3 25 | $5.6B | $10.1B | ||
| Q2 25 | $5.7B | $9.9B | ||
| Q1 25 | $5.8B | $9.9B | ||
| Q4 24 | $5.9B | $9.8B | ||
| Q3 24 | $5.8B | $9.7B | ||
| Q2 24 | $5.7B | $9.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | 1.7% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $6.0M | ||
| Q3 25 | $-36.0M | $62.0M | ||
| Q2 25 | $122.0M | $-48.0M | ||
| Q1 25 | $5.0M | $8.0M | ||
| Q4 24 | $198.0M | $100.0M | ||
| Q3 24 | $210.0M | $72.0M | ||
| Q2 24 | $-306.0M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $-6.0M | ||
| Q3 25 | $-58.0M | $51.0M | ||
| Q2 25 | $105.0M | $-68.0M | ||
| Q1 25 | $-11.0M | $-6.0M | ||
| Q4 24 | $175.0M | $86.0M | ||
| Q3 24 | $193.0M | $58.0M | ||
| Q2 24 | $-329.0M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | -0.5% | ||
| Q3 25 | -7.5% | 4.3% | ||
| Q2 25 | 13.4% | -5.9% | ||
| Q1 25 | -1.4% | -0.5% | ||
| Q4 24 | 17.4% | 6.9% | ||
| Q3 24 | 21.0% | 4.8% | ||
| Q2 24 | -39.7% | 1.6% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | 2.3% | 1.0% | ||
| Q3 25 | 2.8% | 0.9% | ||
| Q2 25 | 2.2% | 1.7% | ||
| Q1 25 | 2.1% | 1.3% | ||
| Q4 24 | 2.3% | 1.1% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 2.8% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 1.13× | 2.00× | ||
| Q3 24 | 2.23× | 0.86× | ||
| Q2 24 | -18.00× | 0.81× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
