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福克斯集团（FOXA）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
福克斯集团的季度营收约是Sinclair, Inc.的6.2倍（$5.2B vs $836.0M）。Sinclair, Inc.净利率更高（13.0% vs 4.8%，领先8.3%）。福克斯集团同比增速更快（2.0% vs -16.7%）。Sinclair, Inc.自由现金流更多（$79.0M vs $-791.0M）。过去两年福克斯集团的营收复合增速更高（22.6% vs 2.4%）
福克斯集团是美国跨国大众传媒企业，总部位于纽约曼哈顿中城美洲大道1211号，在加州伯班克也设有办公点。公司以威廉·福克斯命名，在特拉华州注册，2019年3月19日从21世纪福克斯分拆而来，承接后者的电视广播、新闻及体育业务，由拉克兰·默多克通过家族信托持有36%投票权实现控股。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
FOXA vs SBGI — 直观对比
营收规模更大
FOXA
是对方的6.2倍
$836.0M
营收增速更快
FOXA
高出18.8%
-16.7%
净利率更高
SBGI
高出8.3%
4.8%
自由现金流更多
SBGI
多$870.0M
$-791.0M
两年增速更快
FOXA
近两年复合增速
2.4%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $836.0M |
| 净利润 | $247.0M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | 9.6% |
| 净利率 | 4.8% | 13.0% |
| 营收同比 | 2.0% | -16.7% |
| 净利润同比 | -36.3% | -38.1% |
| 每股收益（稀释后） | $0.52 | $1.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FOXASBGI
| Q4 25 | $5.2B | $836.0M | ||
| Q3 25 | $3.7B | $773.0M | ||
| Q2 25 | $3.3B | $784.0M | ||
| Q1 25 | $4.4B | $776.0M | ||
| Q4 24 | $5.1B | $1.0B | ||
| Q3 24 | $3.6B | $917.0M | ||
| Q2 24 | $3.1B | $829.0M | ||
| Q1 24 | $3.4B | $798.0M |
净利润FOXASBGI
| Q4 25 | $247.0M | $109.0M | ||
| Q3 25 | $609.0M | $-1.0M | ||
| Q2 25 | $719.0M | $-64.0M | ||
| Q1 25 | $354.0M | $-156.0M | ||
| Q4 24 | $388.0M | $176.0M | ||
| Q3 24 | $832.0M | $94.0M | ||
| Q2 24 | $320.0M | $17.0M | ||
| Q1 24 | $704.0M | $23.0M |
营业利润率FOXASBGI
| Q4 25 | 6.2% | 9.6% | ||
| Q3 25 | 21.4% | 7.5% | ||
| Q2 25 | 29.2% | 2.7% | ||
| Q1 25 | 10.8% | 1.8% | ||
| Q4 24 | 10.1% | 26.5% | ||
| Q3 24 | 31.2% | 19.5% | ||
| Q2 24 | 14.6% | 7.7% | ||
| Q1 24 | 27.9% | 5.3% |
净利率FOXASBGI
| Q4 25 | 4.8% | 13.0% | ||
| Q3 25 | 16.3% | -0.1% | ||
| Q2 25 | 21.9% | -8.2% | ||
| Q1 25 | 8.1% | -20.1% | ||
| Q4 24 | 7.6% | 17.5% | ||
| Q3 24 | 23.3% | 10.3% | ||
| Q2 24 | 10.3% | 2.1% | ||
| Q1 24 | 20.4% | 2.9% |
每股收益（稀释后）FOXASBGI
| Q4 25 | $0.52 | $1.62 | ||
| Q3 25 | $1.32 | $-0.02 | ||
| Q2 25 | $1.57 | $-0.91 | ||
| Q1 25 | $0.75 | $-2.30 | ||
| Q4 24 | $0.81 | $2.64 | ||
| Q3 24 | $1.78 | $1.43 | ||
| Q2 24 | $0.68 | $0.27 | ||
| Q1 24 | $1.40 | $0.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $866.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $10.9B | $443.0M |
| 总资产 | $21.5B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资FOXASBGI
| 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 |
总债务FOXASBGI
| Q4 25 | — | $4.4B | ||
| Q3 25 | $6.6B | $4.1B | ||
| Q2 25 | $6.6B | $4.1B | ||
| Q1 25 | $7.2B | $4.2B | ||
| Q4 24 | $7.2B | $4.1B | ||
| Q3 24 | $7.2B | $4.1B | ||
| Q2 24 | $7.2B | $4.1B | ||
| Q1 24 | $7.2B | $4.1B |
股东权益FOXASBGI
| Q4 25 | $10.9B | $443.0M | ||
| Q3 25 | $12.2B | $347.0M | ||
| Q2 25 | $12.0B | $361.0M | ||
| Q1 25 | $11.5B | $436.0M | ||
| Q4 24 | $11.5B | $583.0M | ||
| Q3 24 | $11.3B | $415.0M | ||
| Q2 24 | $10.7B | $340.0M | ||
| Q1 24 | $10.6B | $333.0M |
总资产FOXASBGI
| Q4 25 | $21.5B | $5.9B | ||
| Q3 25 | $22.8B | $5.6B | ||
| Q2 25 | $23.2B | $5.7B | ||
| Q1 25 | $23.4B | $5.8B | ||
| Q4 24 | $23.0B | $5.9B | ||
| Q3 24 | $22.5B | $5.8B | ||
| Q2 24 | $22.0B | $5.7B | ||
| Q1 24 | $21.7B | $6.0B |
负债/权益比FOXASBGI
| Q4 25 | — | 9.84× | ||
| Q3 25 | 0.54× | 11.75× | ||
| Q2 25 | 0.55× | 11.30× | ||
| Q1 25 | 0.62× | 9.56× | ||
| Q4 24 | 0.63× | 7.02× | ||
| Q3 24 | 0.64× | 9.86× | ||
| Q2 24 | 0.67× | 12.08× | ||
| Q1 24 | 0.68× | 12.35× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-669.0M | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $-791.0M | $79.0M |
| 自由现金流率自由现金流/营收 | -15.3% | 9.4% |
| 资本支出强度资本支出/营收 | 2.4% | 2.3% |
| 现金转化率经营现金流/净利润 | -2.71× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $2.3B | $115.0M |
8季度趋势，按日历期对齐
经营现金流FOXASBGI
| Q4 25 | $-669.0M | $98.0M | ||
| Q3 25 | $-130.0M | $-36.0M | ||
| Q2 25 | $1.5B | $122.0M | ||
| Q1 25 | $2.0B | $5.0M | ||
| Q4 24 | $-362.0M | $198.0M | ||
| Q3 24 | $158.0M | $210.0M | ||
| Q2 24 | $899.0M | $-306.0M | ||
| Q1 24 | $1.5B | $-4.0M |
自由现金流FOXASBGI
| Q4 25 | $-791.0M | $79.0M | ||
| Q3 25 | $-234.0M | $-58.0M | ||
| Q2 25 | $1.4B | $105.0M | ||
| Q1 25 | $1.9B | $-11.0M | ||
| Q4 24 | $-436.0M | $175.0M | ||
| Q3 24 | $94.0M | $193.0M | ||
| Q2 24 | $787.0M | $-329.0M | ||
| Q1 24 | $1.4B | $-25.0M |
自由现金流率FOXASBGI
| Q4 25 | -15.3% | 9.4% | ||
| Q3 25 | -6.3% | -7.5% | ||
| Q2 25 | 42.4% | 13.4% | ||
| Q1 25 | 44.4% | -1.4% | ||
| Q4 24 | -8.6% | 17.4% | ||
| Q3 24 | 2.6% | 21.0% | ||
| Q2 24 | 25.5% | -39.7% | ||
| Q1 24 | 40.4% | -3.1% |
资本支出强度FOXASBGI
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 2.8% | 2.8% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q4 24 | 1.5% | 2.3% | ||
| Q3 24 | 1.8% | 1.9% | ||
| Q2 24 | 3.6% | 2.8% | ||
| Q1 24 | 2.4% | 2.6% |
现金转化率FOXASBGI
| Q4 25 | -2.71× | 0.90× | ||
| Q3 25 | -0.21× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 5.69× | — | ||
| Q4 24 | -0.93× | 1.13× | ||
| Q3 24 | 0.19× | 2.23× | ||
| Q2 24 | 2.81× | -18.00× | ||
| Q1 24 | 2.10× | -0.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FOXA
| Television Segment | $2.9B | 57% |
| Distribution | $1.2B | 22% |
| Other | $621.0M | 12% |
| Advertising | $491.0M | 9% |
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% |
