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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $654.0M, roughly 1.2× ZILLOW GROUP, INC.). Sinclair, Inc. runs the higher net margin — 2.5% vs 0.5%, a 2.0% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 4.0%). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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 ...
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
SBGI vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $807.0M | $654.0M |
| Net Profit | $20.0M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 0.0% | -1.7% |
| Net Margin | 2.5% | 0.5% |
| Revenue YoY | 4.0% | 18.1% |
| Net Profit YoY | — | 105.8% |
| EPS (diluted) | $0.28 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $773.0M | $676.0M | ||
| Q2 25 | $784.0M | $655.0M | ||
| Q1 25 | $776.0M | $598.0M | ||
| Q4 24 | $1.0B | $554.0M | ||
| Q3 24 | $917.0M | $581.0M | ||
| Q2 24 | $829.0M | $572.0M |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $109.0M | $3.0M | ||
| Q3 25 | $-1.0M | $10.0M | ||
| Q2 25 | $-64.0M | $2.0M | ||
| Q1 25 | $-156.0M | $8.0M | ||
| Q4 24 | $176.0M | $-52.0M | ||
| Q3 24 | $94.0M | $-20.0M | ||
| Q2 24 | $17.0M | $-17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 9.6% | -1.7% | ||
| Q3 25 | 7.5% | -0.4% | ||
| Q2 25 | 2.7% | -1.7% | ||
| Q1 25 | 1.8% | -1.5% | ||
| Q4 24 | 26.5% | -12.5% | ||
| Q3 24 | 19.5% | -7.7% | ||
| Q2 24 | 7.7% | -6.6% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 13.0% | 0.5% | ||
| Q3 25 | -0.1% | 1.5% | ||
| Q2 25 | -8.2% | 0.3% | ||
| Q1 25 | -20.1% | 1.3% | ||
| Q4 24 | 17.5% | -9.4% | ||
| Q3 24 | 10.3% | -3.4% | ||
| Q2 24 | 2.1% | -3.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $1.62 | $0.01 | ||
| Q3 25 | $-0.02 | $0.04 | ||
| Q2 25 | $-0.91 | $0.01 | ||
| Q1 25 | $-2.30 | $0.03 | ||
| Q4 24 | $2.64 | $-0.23 | ||
| Q3 24 | $1.43 | $-0.08 | ||
| Q2 24 | $0.27 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.9B |
| Total Assets | — | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $866.0M | $768.0M | ||
| Q3 25 | $526.0M | $874.0M | ||
| Q2 25 | $616.0M | $587.0M | ||
| Q1 25 | $631.0M | $914.0M | ||
| Q4 24 | $697.0M | $1.1B | ||
| Q3 24 | $536.0M | $1.1B | ||
| Q2 24 | $378.0M | $1.2B |
| 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 | $4.9B | ||
| Q3 25 | $347.0M | $5.0B | ||
| Q2 25 | $361.0M | $4.7B | ||
| Q1 25 | $436.0M | $4.8B | ||
| Q4 24 | $583.0M | $4.8B | ||
| Q3 24 | $415.0M | $4.7B | ||
| Q2 24 | $340.0M | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $5.7B | ||
| Q3 25 | $5.6B | $5.7B | ||
| Q2 25 | $5.7B | $5.4B | ||
| Q1 25 | $5.8B | $5.7B | ||
| Q4 24 | $5.9B | $5.8B | ||
| Q3 24 | $5.8B | $6.2B | ||
| Q2 24 | $5.7B | $6.6B |
| 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 | — | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | 1.7% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $72.0M | ||
| Q3 25 | $-36.0M | $105.0M | ||
| Q2 25 | $122.0M | $87.0M | ||
| Q1 25 | $5.0M | $104.0M | ||
| Q4 24 | $198.0M | $122.0M | ||
| Q3 24 | $210.0M | $171.0M | ||
| Q2 24 | $-306.0M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $44.0M | ||
| Q3 25 | $-58.0M | $73.0M | ||
| Q2 25 | $105.0M | $50.0M | ||
| Q1 25 | $-11.0M | $68.0M | ||
| Q4 24 | $175.0M | $88.0M | ||
| Q3 24 | $193.0M | $138.0M | ||
| Q2 24 | $-329.0M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 6.7% | ||
| Q3 25 | -7.5% | 10.8% | ||
| Q2 25 | 13.4% | 7.6% | ||
| Q1 25 | -1.4% | 11.4% | ||
| Q4 24 | 17.4% | 15.9% | ||
| Q3 24 | 21.0% | 23.8% | ||
| Q2 24 | -39.7% | 3.1% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | 2.3% | 4.3% | ||
| Q3 25 | 2.8% | 4.7% | ||
| Q2 25 | 2.2% | 5.6% | ||
| Q1 25 | 2.1% | 6.0% | ||
| Q4 24 | 2.3% | 6.1% | ||
| Q3 24 | 1.9% | 5.7% | ||
| Q2 24 | 2.8% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | -18.00× | — |
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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
