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Side-by-side financial comparison of Sinclair, Inc. (SBGI) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $836.0M, roughly 1.1× Sinclair, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 13.0%, a 16.5% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -16.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $79.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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 ...
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
SBGI vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $836.0M | $891.0M |
| Net Profit | $109.0M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 9.6% | — |
| Net Margin | 13.0% | 29.5% |
| Revenue YoY | -16.7% | 8.7% |
| Net Profit YoY | -38.1% | 21.8% |
| EPS (diluted) | $1.62 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $773.0M | $861.0M | ||
| Q2 25 | $784.0M | $838.0M | ||
| Q1 25 | $776.0M | $795.0M | ||
| Q4 24 | $1.0B | $820.0M | ||
| Q3 24 | $917.0M | $792.0M | ||
| Q2 24 | $829.0M | $777.0M | ||
| Q1 24 | $798.0M | $742.0M |
| Q4 25 | $109.0M | $263.0M | ||
| Q3 25 | $-1.0M | $222.0M | ||
| Q2 25 | $-64.0M | $244.0M | ||
| Q1 25 | $-156.0M | $170.0M | ||
| Q4 24 | $176.0M | $216.0M | ||
| Q3 24 | $94.0M | $214.0M | ||
| Q2 24 | $17.0M | $201.0M | ||
| Q1 24 | $23.0M | $153.0M |
| 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 24 | 5.3% | — |
| Q4 25 | 13.0% | 29.5% | ||
| Q3 25 | -0.1% | 25.8% | ||
| Q2 25 | -8.2% | 29.1% | ||
| Q1 25 | -20.1% | 21.4% | ||
| Q4 24 | 17.5% | 26.3% | ||
| Q3 24 | 10.3% | 27.0% | ||
| Q2 24 | 2.1% | 25.9% | ||
| Q1 24 | 2.9% | 20.6% |
| Q4 25 | $1.62 | $1.77 | ||
| Q3 25 | $-0.02 | $1.48 | ||
| Q2 25 | $-0.91 | $1.63 | ||
| Q1 25 | $-2.30 | $1.13 | ||
| Q4 24 | $2.64 | $1.34 | ||
| Q3 24 | $1.43 | $1.37 | ||
| Q2 24 | $0.27 | $1.28 | ||
| Q1 24 | $0.35 | $0.96 |
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 | — |
| Total DebtLower is stronger | $4.4B | $1.5B |
| Stockholders' EquityBook value | $443.0M | $7.2B |
| Total Assets | $5.9B | $89.0B |
| Debt / EquityLower = less leverage | 9.84× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $866.0M | — | ||
| Q3 25 | $526.0M | — | ||
| Q2 25 | $616.0M | — | ||
| Q1 25 | $631.0M | — | ||
| Q4 24 | $697.0M | — | ||
| Q3 24 | $536.0M | — | ||
| Q2 24 | $378.0M | — | ||
| Q1 24 | $655.0M | — |
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $4.1B | $970.0M | ||
| Q1 25 | $4.2B | $964.0M | ||
| Q4 24 | $4.1B | $950.0M | ||
| Q3 24 | $4.1B | $548.0M | ||
| Q2 24 | $4.1B | $546.0M | ||
| Q1 24 | $4.1B | $544.0M |
| Q4 25 | $443.0M | $7.2B | ||
| Q3 25 | $347.0M | $6.9B | ||
| Q2 25 | $361.0M | $6.6B | ||
| Q1 25 | $436.0M | $6.3B | ||
| Q4 24 | $583.0M | $6.1B | ||
| Q3 24 | $415.0M | $6.4B | ||
| Q2 24 | $340.0M | $6.0B | ||
| Q1 24 | $333.0M | $5.8B |
| Q4 25 | $5.9B | $89.0B | ||
| Q3 25 | $5.6B | $88.5B | ||
| Q2 25 | $5.7B | $88.9B | ||
| Q1 25 | $5.8B | $88.0B | ||
| Q4 24 | $5.9B | $88.8B | ||
| Q3 24 | $5.8B | $87.0B | ||
| Q2 24 | $5.7B | $87.6B | ||
| Q1 24 | $6.0B | $87.1B |
| Q4 25 | 9.84× | 0.21× | ||
| Q3 25 | 11.75× | 0.21× | ||
| Q2 25 | 11.30× | 0.15× | ||
| Q1 25 | 9.56× | 0.15× | ||
| Q4 24 | 7.02× | 0.16× | ||
| Q3 24 | 9.86× | 0.09× | ||
| Q2 24 | 12.08× | 0.09× | ||
| Q1 24 | 12.35× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $79.0M | $952.0M |
| FCF MarginFCF / Revenue | 9.4% | 106.8% |
| Capex IntensityCapex / Revenue | 2.3% | 13.6% |
| Cash ConversionOCF / Net Profit | 0.90× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $115.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $1.1B | ||
| Q3 25 | $-36.0M | $438.0M | ||
| Q2 25 | $122.0M | $-62.0M | ||
| Q1 25 | $5.0M | $179.0M | ||
| Q4 24 | $198.0M | $1.1B | ||
| Q3 24 | $210.0M | $119.0M | ||
| Q2 24 | $-306.0M | $251.0M | ||
| Q1 24 | $-4.0M | $261.0M |
| Q4 25 | $79.0M | $952.0M | ||
| Q3 25 | $-58.0M | $413.0M | ||
| Q2 25 | $105.0M | $-93.0M | ||
| Q1 25 | $-11.0M | $152.0M | ||
| Q4 24 | $175.0M | $1.1B | ||
| Q3 24 | $193.0M | $97.0M | ||
| Q2 24 | $-329.0M | $234.0M | ||
| Q1 24 | $-25.0M | $231.0M |
| Q4 25 | 9.4% | 106.8% | ||
| Q3 25 | -7.5% | 48.0% | ||
| Q2 25 | 13.4% | -11.1% | ||
| Q1 25 | -1.4% | 19.1% | ||
| Q4 24 | 17.4% | 128.2% | ||
| Q3 24 | 21.0% | 12.2% | ||
| Q2 24 | -39.7% | 30.1% | ||
| Q1 24 | -3.1% | 31.1% |
| Q4 25 | 2.3% | 13.6% | ||
| Q3 25 | 2.8% | 2.9% | ||
| Q2 25 | 2.2% | 3.7% | ||
| Q1 25 | 2.1% | 3.4% | ||
| Q4 24 | 2.3% | 11.8% | ||
| Q3 24 | 1.9% | 2.8% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 2.6% | 4.0% |
| Q4 25 | 0.90× | 4.08× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 1.13× | 5.31× | ||
| Q3 24 | 2.23× | 0.56× | ||
| Q2 24 | -18.00× | 1.25× | ||
| Q1 24 | -0.17× | 1.71× |
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% |
ZION
Segment breakdown not available.
