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自由媒体集团（FWONA）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
自由媒体集团的季度营收约是Sinclair, Inc.的1.9倍（$1.6B vs $836.0M）。自由媒体集团净利率更高（20.7% vs 13.0%，领先7.7%）。自由媒体集团同比增速更快（150.7% vs -16.7%）。Sinclair, Inc.自由现金流更多（$79.0M vs $62.0M）。过去两年Sinclair, Inc.的营收复合增速更高（2.4% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
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。
FWONA vs SBGI — 直观对比
营收规模更大
FWONA
是对方的1.9倍
$836.0M
营收增速更快
FWONA
高出167.4%
-16.7%
净利率更高
FWONA
高出7.7%
13.0%
自由现金流更多
SBGI
多$17.0M
$62.0M
两年增速更快
SBGI
近两年复合增速
-23.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $836.0M |
| 净利润 | $333.0M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 9.6% |
| 净利率 | 20.7% | 13.0% |
| 营收同比 | 150.7% | -16.7% |
| 净利润同比 | 193.8% | -38.1% |
| 每股收益（稀释后） | — | $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FWONASBGI
| Q4 25 | $1.6B | $836.0M | ||
| Q3 25 | $1.1B | $773.0M | ||
| Q2 25 | $1.3B | $784.0M | ||
| Q1 25 | $447.0M | $776.0M | ||
| Q4 24 | $-3.2B | $1.0B | ||
| Q3 24 | $911.0M | $917.0M | ||
| Q2 24 | $3.2B | $829.0M | ||
| Q1 24 | $2.7B | $798.0M |
净利润FWONASBGI
| Q4 25 | $333.0M | $109.0M | ||
| Q3 25 | $13.0M | $-1.0M | ||
| Q2 25 | $204.0M | $-64.0M | ||
| Q1 25 | $5.0M | $-156.0M | ||
| Q4 24 | $-355.0M | $176.0M | ||
| Q3 24 | $-2.4B | $94.0M | ||
| Q2 24 | $457.0M | $17.0M | ||
| Q1 24 | $203.0M | $23.0M |
营业利润率FWONASBGI
| Q4 25 | 14.0% | 9.6% | ||
| Q3 25 | 13.7% | 7.5% | ||
| Q2 25 | 20.4% | 2.7% | ||
| Q1 25 | -15.9% | 1.8% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | 11.7% | 19.5% | ||
| Q2 24 | 16.7% | 7.7% | ||
| Q1 24 | 18.3% | 5.3% |
净利率FWONASBGI
| Q4 25 | 20.7% | 13.0% | ||
| Q3 25 | 1.2% | -0.1% | ||
| Q2 25 | 15.2% | -8.2% | ||
| Q1 25 | 1.1% | -20.1% | ||
| Q4 24 | 11.2% | 17.5% | ||
| Q3 24 | -259.9% | 10.3% | ||
| Q2 24 | 14.4% | 2.1% | ||
| Q1 24 | 7.4% | 2.9% |
每股收益（稀释后）FWONASBGI
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.91 | ||
| Q1 25 | — | $-2.30 | ||
| Q4 24 | — | $2.64 | ||
| Q3 24 | — | $1.43 | ||
| Q2 24 | — | $0.27 | ||
| Q1 24 | — | $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 | $1.1B | $866.0M |
| 总债务越低越好 | $5.1B | $4.4B |
| 股东权益账面价值 | $7.8B | $443.0M |
| 总资产 | $15.4B | $5.9B |
| 负债/权益比越低杠杆越低 | 0.66× | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资FWONASBGI
| Q4 25 | $1.1B | $866.0M | ||
| Q3 25 | $1.6B | $526.0M | ||
| Q2 25 | $3.4B | $616.0M | ||
| Q1 25 | $3.1B | $631.0M | ||
| Q4 24 | $3.0B | $697.0M | ||
| Q3 24 | $3.1B | $536.0M | ||
| Q2 24 | $2.1B | $378.0M | ||
| Q1 24 | $1.7B | $655.0M |
总债务FWONASBGI
| Q4 25 | $5.1B | $4.4B | ||
| Q3 25 | $7.0B | $4.1B | ||
| Q2 25 | $4.8B | $4.1B | ||
| Q1 25 | $4.6B | $4.2B | ||
| Q4 24 | $4.5B | $4.1B | ||
| Q3 24 | $4.4B | $4.1B | ||
| Q2 24 | $15.0B | $4.1B | ||
| Q1 24 | $15.4B | $4.1B |
股东权益FWONASBGI
| Q4 25 | $7.8B | $443.0M | ||
| Q3 25 | $7.4B | $347.0M | ||
| Q2 25 | $7.3B | $361.0M | ||
| Q1 25 | $7.0B | $436.0M | ||
| Q4 24 | $7.0B | $583.0M | ||
| Q3 24 | $7.4B | $415.0M | ||
| Q2 24 | $17.1B | $340.0M | ||
| Q1 24 | $16.6B | $333.0M |
总资产FWONASBGI
| Q4 25 | $15.4B | $5.9B | ||
| Q3 25 | $17.8B | $5.6B | ||
| Q2 25 | $13.8B | $5.7B | ||
| Q1 25 | $13.3B | $5.8B | ||
| Q4 24 | $12.9B | $5.9B | ||
| Q3 24 | $13.2B | $5.8B | ||
| Q2 24 | $42.6B | $5.7B | ||
| Q1 24 | $42.4B | $6.0B |
负债/权益比FWONASBGI
| Q4 25 | 0.66× | 9.84× | ||
| Q3 25 | 0.95× | 11.75× | ||
| Q2 25 | 0.65× | 11.30× | ||
| Q1 25 | 0.65× | 9.56× | ||
| Q4 24 | 0.65× | 7.02× | ||
| Q3 24 | 0.59× | 9.86× | ||
| Q2 24 | 0.88× | 12.08× | ||
| Q1 24 | 0.93× | 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 | $123.0M | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $79.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 9.4% |
| 资本支出强度资本支出/营收 | 3.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.37× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $789.0M | $115.0M |
8季度趋势，按日历期对齐
经营现金流FWONASBGI
| Q4 25 | $123.0M | $98.0M | ||
| Q3 25 | $173.0M | $-36.0M | ||
| Q2 25 | $231.0M | $122.0M | ||
| Q1 25 | $381.0M | $5.0M | ||
| Q4 24 | $-23.0M | $198.0M | ||
| Q3 24 | $182.0M | $210.0M | ||
| Q2 24 | $752.0M | $-306.0M | ||
| Q1 24 | $395.0M | $-4.0M |
自由现金流FWONASBGI
| Q4 25 | $62.0M | $79.0M | ||
| Q3 25 | $170.0M | $-58.0M | ||
| Q2 25 | $209.0M | $105.0M | ||
| Q1 25 | $348.0M | $-11.0M | ||
| Q4 24 | $-46.0M | $175.0M | ||
| Q3 24 | $-153.0M | $193.0M | ||
| Q2 24 | $566.0M | $-329.0M | ||
| Q1 24 | $194.0M | $-25.0M |
自由现金流率FWONASBGI
| Q4 25 | 3.9% | 9.4% | ||
| Q3 25 | 15.7% | -7.5% | ||
| Q2 25 | 15.6% | 13.4% | ||
| Q1 25 | 77.9% | -1.4% | ||
| Q4 24 | 1.4% | 17.4% | ||
| Q3 24 | -16.8% | 21.0% | ||
| Q2 24 | 17.9% | -39.7% | ||
| Q1 24 | 7.1% | -3.1% |
资本支出强度FWONASBGI
| Q4 25 | 3.8% | 2.3% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 1.6% | 2.2% | ||
| Q1 25 | 7.4% | 2.1% | ||
| Q4 24 | -0.7% | 2.3% | ||
| Q3 24 | 36.8% | 1.9% | ||
| Q2 24 | 5.9% | 2.8% | ||
| Q1 24 | 7.3% | 2.6% |
现金转化率FWONASBGI
| Q4 25 | 0.37× | 0.90× | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 1.65× | -18.00× | ||
| Q1 24 | 1.95× | -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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
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% |
