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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.6B vs $836.0M, roughly 1.9× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 4.5%, a 8.5% gap on every dollar of revenue. On growth, WATSCO INC posted the faster year-over-year revenue change (-10.0% vs -16.7%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $79.0M). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% CAGR vs 0.4%).
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 ...
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
SBGI vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $1.6B |
| Net Profit | $109.0M | $71.7M |
| Gross Margin | — | 27.1% |
| Operating Margin | 9.6% | 6.4% |
| Net Margin | 13.0% | 4.5% |
| Revenue YoY | -16.7% | -10.0% |
| Net Profit YoY | -38.1% | -25.9% |
| EPS (diluted) | $1.62 | $1.82 |
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 | $1.6B | ||
| Q3 25 | $773.0M | $2.1B | ||
| Q2 25 | $784.0M | $2.1B | ||
| Q1 25 | $776.0M | $1.5B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $917.0M | $2.2B | ||
| Q2 24 | $829.0M | $2.1B | ||
| Q1 24 | $798.0M | $1.6B |
| Q4 25 | $109.0M | $71.7M | ||
| Q3 25 | $-1.0M | $161.6M | ||
| Q2 25 | $-64.0M | $183.6M | ||
| Q1 25 | $-156.0M | $80.1M | ||
| Q4 24 | $176.0M | $96.8M | ||
| Q3 24 | $94.0M | $171.0M | ||
| Q2 24 | $17.0M | $181.4M | ||
| Q1 24 | $23.0M | $87.0M |
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 27.5% |
| Q4 25 | 9.6% | 6.4% | ||
| Q3 25 | 7.5% | 11.4% | ||
| Q2 25 | 2.7% | 13.2% | ||
| Q1 25 | 1.8% | 7.3% | ||
| Q4 24 | 26.5% | 7.8% | ||
| Q3 24 | 19.5% | 11.6% | ||
| Q2 24 | 7.7% | 12.6% | ||
| Q1 24 | 5.3% | 8.1% |
| Q4 25 | 13.0% | 4.5% | ||
| Q3 25 | -0.1% | 7.8% | ||
| Q2 25 | -8.2% | 8.9% | ||
| Q1 25 | -20.1% | 5.2% | ||
| Q4 24 | 17.5% | 5.5% | ||
| Q3 24 | 10.3% | 7.9% | ||
| Q2 24 | 2.1% | 8.5% | ||
| Q1 24 | 2.9% | 5.6% |
| Q4 25 | $1.62 | $1.82 | ||
| Q3 25 | $-0.02 | $3.98 | ||
| Q2 25 | $-0.91 | $4.52 | ||
| Q1 25 | $-2.30 | $1.93 | ||
| Q4 24 | $2.64 | $2.42 | ||
| Q3 24 | $1.43 | $4.22 | ||
| Q2 24 | $0.27 | $4.49 | ||
| Q1 24 | $0.35 | $2.17 |
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 | $733.3M |
| Total DebtLower is stronger | $4.4B | $361.6M |
| Stockholders' EquityBook value | $443.0M | $2.8B |
| Total Assets | $5.9B | $4.4B |
| Debt / EquityLower = less leverage | 9.84× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $866.0M | $733.3M | ||
| Q3 25 | $526.0M | $524.3M | ||
| Q2 25 | $616.0M | $293.0M | ||
| Q1 25 | $631.0M | $431.8M | ||
| Q4 24 | $697.0M | $781.9M | ||
| Q3 24 | $536.0M | $550.0M | ||
| Q2 24 | $378.0M | $424.9M | ||
| Q1 24 | $655.0M | $478.9M |
| Q4 25 | $4.4B | $361.6M | ||
| Q3 25 | $4.1B | $340.8M | ||
| Q2 25 | $4.1B | $338.7M | ||
| Q1 25 | $4.2B | $346.4M | ||
| Q4 24 | $4.1B | $337.2M | ||
| Q3 24 | $4.1B | $321.0M | ||
| Q2 24 | $4.1B | $307.1M | ||
| Q1 24 | $4.1B | $306.3M |
| Q4 25 | $443.0M | $2.8B | ||
| Q3 25 | $347.0M | $2.8B | ||
| Q2 25 | $361.0M | $2.8B | ||
| Q1 25 | $436.0M | $2.7B | ||
| Q4 24 | $583.0M | $2.7B | ||
| Q3 24 | $415.0M | $2.7B | ||
| Q2 24 | $340.0M | $2.6B | ||
| Q1 24 | $333.0M | $2.5B |
| Q4 25 | $5.9B | $4.4B | ||
| Q3 25 | $5.6B | $4.6B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | $5.8B | $4.5B | ||
| Q4 24 | $5.9B | $4.5B | ||
| Q3 24 | $5.8B | $4.5B | ||
| Q2 24 | $5.7B | $4.4B | ||
| Q1 24 | $6.0B | $4.4B |
| Q4 25 | 9.84× | 0.13× | ||
| Q3 25 | 11.75× | 0.12× | ||
| Q2 25 | 11.30× | 0.12× | ||
| Q1 25 | 9.56× | 0.13× | ||
| Q4 24 | 7.02× | 0.13× | ||
| Q3 24 | 9.86× | 0.12× | ||
| Q2 24 | 12.08× | 0.12× | ||
| Q1 24 | 12.35× | 0.12× |
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 | $399.8M |
| Free Cash FlowOCF − Capex | $79.0M | $388.5M |
| FCF MarginFCF / Revenue | 9.4% | 24.6% |
| Capex IntensityCapex / Revenue | 2.3% | 0.7% |
| Cash ConversionOCF / Net Profit | 0.90× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $399.8M | ||
| Q3 25 | $-36.0M | $354.9M | ||
| Q2 25 | $122.0M | $-7.4M | ||
| Q1 25 | $5.0M | $-177.6M | ||
| Q4 24 | $198.0M | $378.9M | ||
| Q3 24 | $210.0M | $232.8M | ||
| Q2 24 | $-306.0M | $57.7M | ||
| Q1 24 | $-4.0M | $103.7M |
| Q4 25 | $79.0M | $388.5M | ||
| Q3 25 | $-58.0M | $346.1M | ||
| Q2 25 | $105.0M | $-14.3M | ||
| Q1 25 | $-11.0M | $-185.2M | ||
| Q4 24 | $175.0M | $370.9M | ||
| Q3 24 | $193.0M | $223.0M | ||
| Q2 24 | $-329.0M | $51.3M | ||
| Q1 24 | $-25.0M | $97.9M |
| Q4 25 | 9.4% | 24.6% | ||
| Q3 25 | -7.5% | 16.7% | ||
| Q2 25 | 13.4% | -0.7% | ||
| Q1 25 | -1.4% | -12.1% | ||
| Q4 24 | 17.4% | 21.1% | ||
| Q3 24 | 21.0% | 10.3% | ||
| Q2 24 | -39.7% | 2.4% | ||
| Q1 24 | -3.1% | 6.3% |
| Q4 25 | 2.3% | 0.7% | ||
| Q3 25 | 2.8% | 0.4% | ||
| Q2 25 | 2.2% | 0.3% | ||
| Q1 25 | 2.1% | 0.5% | ||
| Q4 24 | 2.3% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.8% | 0.3% | ||
| Q1 24 | 2.6% | 0.4% |
| Q4 25 | 0.90× | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | 1.13× | 3.91× | ||
| Q3 24 | 2.23× | 1.36× | ||
| Q2 24 | -18.00× | 0.32× | ||
| Q1 24 | -0.17× | 1.19× |
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% |
WSO
Segment breakdown not available.
