vs
Magnera Corp（MAGN）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
Sinclair, Inc.的季度营收约是Magnera Corp的1.1倍（$836.0M vs $792.0M），Sinclair, Inc.净利率更高（13.0% vs -4.3%，领先17.3%），Magnera Corp同比增速更快（12.8% vs -16.7%），Sinclair, Inc.自由现金流更多（$79.0M vs $-13.0M），过去两年Magnera Corp的营收复合增速更高（54.9% vs 2.4%）
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。
MAGN vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.1倍
$792.0M
营收增速更快
MAGN
高出29.6%
-16.7%
净利率更高
SBGI
高出17.3%
-4.3%
自由现金流更多
SBGI
多$92.0M
$-13.0M
两年增速更快
MAGN
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $836.0M |
| 净利润 | $-34.0M | $109.0M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 1.8% | 9.6% |
| 净利率 | -4.3% | 13.0% |
| 营收同比 | 12.8% | -16.7% |
| 净利润同比 | 43.3% | -38.1% |
| 每股收益（稀释后） | $-0.95 | $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MAGNSBGI
| Q4 25 | $792.0M | $836.0M | ||
| Q3 25 | — | $773.0M | ||
| Q2 25 | $839.0M | $784.0M | ||
| Q1 25 | $824.0M | $776.0M | ||
| Q4 24 | $702.0M | $1.0B | ||
| Q3 24 | $332.1M | $917.0M | ||
| Q2 24 | $556.0M | $829.0M | ||
| Q1 24 | $558.0M | $798.0M |
净利润MAGNSBGI
| Q4 25 | $-34.0M | $109.0M | ||
| Q3 25 | — | $-1.0M | ||
| Q2 25 | $-18.0M | $-64.0M | ||
| Q1 25 | $-41.0M | $-156.0M | ||
| Q4 24 | $-60.0M | $176.0M | ||
| Q3 24 | $-15.2M | $94.0M | ||
| Q2 24 | $19.0M | $17.0M | ||
| Q1 24 | $14.0M | $23.0M |
毛利率MAGNSBGI
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
营业利润率MAGNSBGI
| Q4 25 | 1.8% | 9.6% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 1.5% | 2.7% | ||
| Q1 25 | 0.5% | 1.8% | ||
| Q4 24 | -3.1% | 26.5% | ||
| Q3 24 | 0.9% | 19.5% | ||
| Q2 24 | 3.1% | 7.7% | ||
| Q1 24 | 3.8% | 5.3% |
净利率MAGNSBGI
| Q4 25 | -4.3% | 13.0% | ||
| Q3 25 | — | -0.1% | ||
| Q2 25 | -2.1% | -8.2% | ||
| Q1 25 | -5.0% | -20.1% | ||
| Q4 24 | -8.5% | 17.5% | ||
| Q3 24 | -4.6% | 10.3% | ||
| Q2 24 | 3.4% | 2.1% | ||
| Q1 24 | 2.5% | 2.9% |
每股收益（稀释后）MAGNSBGI
| Q4 25 | $-0.95 | $1.62 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | $-0.51 | $-0.91 | ||
| Q1 25 | $-1.15 | $-2.30 | ||
| Q4 24 | $-1.69 | $2.64 | ||
| Q3 24 | $-0.33 | $1.43 | ||
| Q2 24 | $0.60 | $0.27 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $866.0M |
| 总债务越低越好 | $1.9B | $4.4B |
| 股东权益账面价值 | $1.0B | $443.0M |
| 总资产 | $3.9B | $5.9B |
| 负债/权益比越低杠杆越低 | 1.86× | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资MAGNSBGI
| Q4 25 | $264.0M | $866.0M | ||
| Q3 25 | — | $526.0M | ||
| Q2 25 | $276.0M | $616.0M | ||
| Q1 25 | $282.0M | $631.0M | ||
| Q4 24 | $215.0M | $697.0M | ||
| Q3 24 | $230.0M | $536.0M | ||
| Q2 24 | $33.9M | $378.0M | ||
| Q1 24 | $30.2M | $655.0M |
总债务MAGNSBGI
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | $2.0B | $4.1B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.0B | $4.1B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $877.4M | $4.1B | ||
| Q1 24 | $884.7M | $4.1B |
股东权益MAGNSBGI
| Q4 25 | $1.0B | $443.0M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | $1.1B | $361.0M | ||
| Q1 25 | $1.1B | $436.0M | ||
| Q4 24 | $1.1B | $583.0M | ||
| Q3 24 | $2.1B | $415.0M | ||
| Q2 24 | $2.4B | $340.0M | ||
| Q1 24 | $2.4B | $333.0M |
总资产MAGNSBGI
| Q4 25 | $3.9B | $5.9B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | $4.1B | $5.7B | ||
| Q1 25 | $4.1B | $5.8B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $2.8B | $5.8B | ||
| Q2 24 | $1.5B | $5.7B | ||
| Q1 24 | $1.5B | $6.0B |
负债/权益比MAGNSBGI
| Q4 25 | 1.86× | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | 1.77× | 11.30× | ||
| Q1 25 | 1.83× | 9.56× | ||
| Q4 24 | 1.80× | 7.02× | ||
| Q3 24 | 0.91× | 9.86× | ||
| Q2 24 | 0.37× | 12.08× | ||
| Q1 24 | 0.36× | 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 | $2.0M | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $79.0M |
| 自由现金流率自由现金流/营收 | -1.6% | 9.4% |
| 资本支出强度资本支出/营收 | 1.9% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.90× |
| 过去12个月自由现金流最近4个季度 | — | $115.0M |
8季度趋势，按日历期对齐
经营现金流MAGNSBGI
| Q4 25 | $2.0M | $98.0M | ||
| Q3 25 | — | $-36.0M | ||
| Q2 25 | $0 | $122.0M | ||
| Q1 25 | $65.0M | $5.0M | ||
| Q4 24 | $-58.0M | $198.0M | ||
| Q3 24 | $12.2M | $210.0M | ||
| Q2 24 | $38.0M | $-306.0M | ||
| Q1 24 | $20.0M | $-4.0M |
自由现金流MAGNSBGI
| Q4 25 | $-13.0M | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | $42.0M | $-11.0M | ||
| Q4 24 | $-74.0M | $175.0M | ||
| Q3 24 | $3.6M | $193.0M | ||
| Q2 24 | $23.0M | $-329.0M | ||
| Q1 24 | $12.5M | $-25.0M |
自由现金流率MAGNSBGI
| Q4 25 | -1.6% | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | 5.1% | -1.4% | ||
| Q4 24 | -10.5% | 17.4% | ||
| Q3 24 | 1.1% | 21.0% | ||
| Q2 24 | 4.1% | -39.7% | ||
| Q1 24 | 2.2% | -3.1% |
资本支出强度MAGNSBGI
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 1.5% | 2.2% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 2.3% | 2.3% | ||
| Q3 24 | 2.6% | 1.9% | ||
| Q2 24 | 2.7% | 2.8% | ||
| Q1 24 | 1.3% | 2.6% |
现金转化率MAGNSBGI
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 2.00× | -18.00× | ||
| Q1 24 | 1.43× | -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
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
