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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $808.6M, roughly 1.0× WERNER ENTERPRISES INC). Sinclair, Inc. runs the higher net margin — 13.0% vs -0.5%, a 13.6% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (13.6% vs -16.7%). Over the past eight quarters, WERNER ENTERPRISES INC's revenue compounded faster (4.3% 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 ...
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
SBGI vs WERN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $808.6M |
| Net Profit | $109.0M | $-4.3M |
| Gross Margin | — | — |
| Operating Margin | 9.6% | 75.5% |
| Net Margin | 13.0% | -0.5% |
| Revenue YoY | -16.7% | 13.6% |
| Net Profit YoY | -38.1% | 57.8% |
| EPS (diluted) | $1.62 | $-0.07 |
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 | — | $808.6M | ||
| Q4 25 | $836.0M | $719.9M | ||
| Q3 25 | $773.0M | $752.2M | ||
| Q2 25 | $784.0M | $734.1M | ||
| Q1 25 | $776.0M | $693.4M | ||
| Q4 24 | $1.0B | $736.6M | ||
| Q3 24 | $917.0M | $726.3M | ||
| Q2 24 | $829.0M | $742.7M |
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $109.0M | $-27.8M | ||
| Q3 25 | $-1.0M | $-20.6M | ||
| Q2 25 | $-64.0M | $44.1M | ||
| Q1 25 | $-156.0M | $-10.1M | ||
| Q4 24 | $176.0M | $11.9M | ||
| Q3 24 | $94.0M | $6.6M | ||
| Q2 24 | $17.0M | $9.5M |
| Q1 26 | — | 75.5% | ||
| Q4 25 | 9.6% | -5.0% | ||
| Q3 25 | 7.5% | -1.7% | ||
| Q2 25 | 2.7% | 9.0% | ||
| Q1 25 | 1.8% | -0.8% | ||
| Q4 24 | 26.5% | 1.8% | ||
| Q3 24 | 19.5% | 2.4% | ||
| Q2 24 | 7.7% | 2.6% |
| Q1 26 | — | -0.5% | ||
| Q4 25 | 13.0% | -3.9% | ||
| Q3 25 | -0.1% | -2.7% | ||
| Q2 25 | -8.2% | 6.0% | ||
| Q1 25 | -20.1% | -1.5% | ||
| Q4 24 | 17.5% | 1.6% | ||
| Q3 24 | 10.3% | 0.9% | ||
| Q2 24 | 2.1% | 1.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $1.62 | $-0.46 | ||
| Q3 25 | $-0.02 | $-0.34 | ||
| Q2 25 | $-0.91 | $0.72 | ||
| Q1 25 | $-2.30 | $-0.16 | ||
| Q4 24 | $2.64 | $0.19 | ||
| Q3 24 | $1.43 | $0.11 | ||
| Q2 24 | $0.27 | $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 | $61.5M |
| Total DebtLower is stronger | $4.4B | $878.2M |
| Stockholders' EquityBook value | $443.0M | $1.4B |
| Total Assets | $5.9B | $3.3B |
| Debt / EquityLower = less leverage | 9.84× | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.5M | ||
| Q4 25 | $866.0M | $59.9M | ||
| Q3 25 | $526.0M | $51.0M | ||
| Q2 25 | $616.0M | $51.4M | ||
| Q1 25 | $631.0M | $52.0M | ||
| Q4 24 | $697.0M | $40.8M | ||
| Q3 24 | $536.0M | $54.7M | ||
| Q2 24 | $378.0M | $70.4M |
| Q1 26 | — | $878.2M | ||
| Q4 25 | $4.4B | $752.0M | ||
| Q3 25 | $4.1B | $725.0M | ||
| Q2 25 | $4.1B | $725.0M | ||
| Q1 25 | $4.2B | $640.0M | ||
| Q4 24 | $4.1B | $650.0M | ||
| Q3 24 | $4.1B | $690.0M | ||
| Q2 24 | $4.1B | $670.0M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $443.0M | $1.4B | ||
| Q3 25 | $347.0M | $1.4B | ||
| Q2 25 | $361.0M | $1.4B | ||
| Q1 25 | $436.0M | $1.4B | ||
| Q4 24 | $583.0M | $1.5B | ||
| Q3 24 | $415.0M | $1.4B | ||
| Q2 24 | $340.0M | $1.5B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $5.9B | $2.9B | ||
| Q3 25 | $5.6B | $3.0B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.8B | $3.0B | ||
| Q4 24 | $5.9B | $3.1B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.7B | $3.1B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | 9.84× | 0.55× | ||
| Q3 25 | 11.75× | 0.52× | ||
| Q2 25 | 11.30× | 0.51× | ||
| Q1 25 | 9.56× | 0.45× | ||
| Q4 24 | 7.02× | 0.45× | ||
| Q3 24 | 9.86× | 0.48× | ||
| Q2 24 | 12.08× | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $79.0M | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 2.3% | 0.2% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $62.3M | ||
| Q3 25 | $-36.0M | $44.1M | ||
| Q2 25 | $122.0M | $46.0M | ||
| Q1 25 | $5.0M | $29.4M | ||
| Q4 24 | $198.0M | $71.0M | ||
| Q3 24 | $210.0M | $61.0M | ||
| Q2 24 | $-306.0M | $109.1M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $-23.5M | ||
| Q3 25 | $-58.0M | $-8.6M | ||
| Q2 25 | $105.0M | $-42.3M | ||
| Q1 25 | $-11.0M | $5.9M | ||
| Q4 24 | $175.0M | $-9.8M | ||
| Q3 24 | $193.0M | $-73.4M | ||
| Q2 24 | $-329.0M | $-31.2M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | -3.3% | ||
| Q3 25 | -7.5% | -1.1% | ||
| Q2 25 | 13.4% | -5.8% | ||
| Q1 25 | -1.4% | 0.8% | ||
| Q4 24 | 17.4% | -1.3% | ||
| Q3 24 | 21.0% | -10.1% | ||
| Q2 24 | -39.7% | -4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | 2.3% | 11.9% | ||
| Q3 25 | 2.8% | 7.0% | ||
| Q2 25 | 2.2% | 12.0% | ||
| Q1 25 | 2.1% | 3.4% | ||
| Q4 24 | 2.3% | 11.0% | ||
| Q3 24 | 1.9% | 18.5% | ||
| Q2 24 | 2.8% | 18.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | 5.97× | ||
| Q3 24 | 2.23× | 9.30× | ||
| Q2 24 | -18.00× | 11.52× |
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% |
WERN
Segment breakdown not available.
