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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $566.0M, roughly 1.5× WillScot Holdings Corp). Sinclair, Inc. runs the higher net margin — 13.0% vs -33.1%, a 46.1% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -16.7%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $79.0M). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% CAGR vs -1.8%).
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 ...
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
SBGI vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $566.0M |
| Net Profit | $109.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 9.6% | -32.5% |
| Net Margin | 13.0% | -33.1% |
| Revenue YoY | -16.7% | -6.1% |
| Net Profit YoY | -38.1% | -310.0% |
| EPS (diluted) | $1.62 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $773.0M | $566.8M | ||
| Q2 25 | $784.0M | $589.1M | ||
| Q1 25 | $776.0M | $559.6M | ||
| Q4 24 | $1.0B | $602.5M | ||
| Q3 24 | $917.0M | $601.4M | ||
| Q2 24 | $829.0M | $604.6M | ||
| Q1 24 | $798.0M | $587.2M |
| Q4 25 | $109.0M | $-187.3M | ||
| Q3 25 | $-1.0M | $43.3M | ||
| Q2 25 | $-64.0M | $47.9M | ||
| Q1 25 | $-156.0M | $43.1M | ||
| Q4 24 | $176.0M | $89.2M | ||
| Q3 24 | $94.0M | $-70.5M | ||
| Q2 24 | $17.0M | $-46.9M | ||
| Q1 24 | $23.0M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 9.6% | -32.5% | ||
| Q3 25 | 7.5% | 21.0% | ||
| Q2 25 | 2.7% | 21.5% | ||
| Q1 25 | 1.8% | 21.3% | ||
| Q4 24 | 26.5% | 28.9% | ||
| Q3 24 | 19.5% | -5.9% | ||
| Q2 24 | 7.7% | -0.9% | ||
| Q1 24 | 5.3% | 22.1% |
| Q4 25 | 13.0% | -33.1% | ||
| Q3 25 | -0.1% | 7.6% | ||
| Q2 25 | -8.2% | 8.1% | ||
| Q1 25 | -20.1% | 7.7% | ||
| Q4 24 | 17.5% | 14.8% | ||
| Q3 24 | 10.3% | -11.7% | ||
| Q2 24 | 2.1% | -7.7% | ||
| Q1 24 | 2.9% | 9.6% |
| Q4 25 | $1.62 | $-1.02 | ||
| Q3 25 | $-0.02 | $0.24 | ||
| Q2 25 | $-0.91 | $0.26 | ||
| Q1 25 | $-2.30 | $0.23 | ||
| Q4 24 | $2.64 | $0.48 | ||
| Q3 24 | $1.43 | $-0.37 | ||
| Q2 24 | $0.27 | $-0.25 | ||
| Q1 24 | $0.35 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $4.4B | $3.6B |
| Stockholders' EquityBook value | $443.0M | $856.3M |
| Total Assets | $5.9B | $5.8B |
| Debt / EquityLower = less leverage | 9.84× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $866.0M | $14.6M | ||
| Q3 25 | $526.0M | $14.8M | ||
| Q2 25 | $616.0M | $12.8M | ||
| Q1 25 | $631.0M | $10.7M | ||
| Q4 24 | $697.0M | $9.0M | ||
| Q3 24 | $536.0M | $11.0M | ||
| Q2 24 | $378.0M | $5.9M | ||
| Q1 24 | $655.0M | $13.1M |
| Q4 25 | $4.4B | $3.6B | ||
| Q3 25 | $4.1B | $3.6B | ||
| Q2 25 | $4.1B | $3.7B | ||
| Q1 25 | $4.2B | $3.6B | ||
| Q4 24 | $4.1B | $3.7B | ||
| Q3 24 | $4.1B | $3.6B | ||
| Q2 24 | $4.1B | $3.5B | ||
| Q1 24 | $4.1B | $3.5B |
| Q4 25 | $443.0M | $856.3M | ||
| Q3 25 | $347.0M | $1.1B | ||
| Q2 25 | $361.0M | $1.0B | ||
| Q1 25 | $436.0M | $1.0B | ||
| Q4 24 | $583.0M | $1.0B | ||
| Q3 24 | $415.0M | $1.1B | ||
| Q2 24 | $340.0M | $1.2B | ||
| Q1 24 | $333.0M | $1.3B |
| Q4 25 | $5.9B | $5.8B | ||
| Q3 25 | $5.6B | $6.1B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.8B | $6.0B | ||
| Q4 24 | $5.9B | $6.0B | ||
| Q3 24 | $5.8B | $6.0B | ||
| Q2 24 | $5.7B | $6.0B | ||
| Q1 24 | $6.0B | $6.2B |
| Q4 25 | 9.84× | 4.15× | ||
| Q3 25 | 11.75× | 3.39× | ||
| Q2 25 | 11.30× | 3.55× | ||
| Q1 25 | 9.56× | 3.56× | ||
| Q4 24 | 7.02× | 3.62× | ||
| Q3 24 | 9.86× | 3.42× | ||
| Q2 24 | 12.08× | 2.88× | ||
| Q1 24 | 12.35× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $79.0M | $149.7M |
| FCF MarginFCF / Revenue | 9.4% | 26.5% |
| Capex IntensityCapex / Revenue | 2.3% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $158.9M | ||
| Q3 25 | $-36.0M | $191.2M | ||
| Q2 25 | $122.0M | $205.3M | ||
| Q1 25 | $5.0M | $206.6M | ||
| Q4 24 | $198.0M | $178.9M | ||
| Q3 24 | $210.0M | $-1.6M | ||
| Q2 24 | $-306.0M | $175.6M | ||
| Q1 24 | $-4.0M | $208.7M |
| Q4 25 | $79.0M | $149.7M | ||
| Q3 25 | $-58.0M | $186.9M | ||
| Q2 25 | $105.0M | $199.0M | ||
| Q1 25 | $-11.0M | $202.0M | ||
| Q4 24 | $175.0M | $176.6M | ||
| Q3 24 | $193.0M | $-4.9M | ||
| Q2 24 | $-329.0M | $169.4M | ||
| Q1 24 | $-25.0M | $202.1M |
| Q4 25 | 9.4% | 26.5% | ||
| Q3 25 | -7.5% | 33.0% | ||
| Q2 25 | 13.4% | 33.8% | ||
| Q1 25 | -1.4% | 36.1% | ||
| Q4 24 | 17.4% | 29.3% | ||
| Q3 24 | 21.0% | -0.8% | ||
| Q2 24 | -39.7% | 28.0% | ||
| Q1 24 | -3.1% | 34.4% |
| Q4 25 | 2.3% | 1.6% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 2.3% | 0.4% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 2.8% | 1.0% | ||
| Q1 24 | 2.6% | 1.1% |
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 1.13× | 2.01× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | -18.00× | — | ||
| Q1 24 | -0.17× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
