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纽约时报公司（NYT）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.的季度营收约是纽约时报公司的1.0倍（$836.0M vs $802.3M），纽约时报公司净利率更高（16.2% vs 13.0%，领先3.1%），纽约时报公司同比增速更快（10.4% vs -16.7%），纽约时报公司自由现金流更多（$157.6M vs $79.0M），过去两年纽约时报公司的营收复合增速更高（16.2% vs 2.4%）
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
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。
NYT vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.0倍
$802.3M
营收增速更快
NYT
高出27.1%
-16.7%
净利率更高
NYT
高出3.1%
13.0%
自由现金流更多
NYT
多$78.6M
$79.0M
两年增速更快
NYT
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.3M | $836.0M |
| 净利润 | $129.8M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.1% | 9.6% |
| 净利率 | 16.2% | 13.0% |
| 营收同比 | 10.4% | -16.7% |
| 净利润同比 | 4.9% | -38.1% |
| 每股收益（稀释后） | $0.79 | $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NYTSBGI
| Q4 25 | $802.3M | $836.0M | ||
| Q3 25 | $700.8M | $773.0M | ||
| Q2 25 | $685.9M | $784.0M | ||
| Q1 25 | $635.9M | $776.0M | ||
| Q4 24 | $726.6M | $1.0B | ||
| Q3 24 | $640.2M | $917.0M | ||
| Q2 24 | $625.1M | $829.0M | ||
| Q1 24 | $594.0M | $798.0M |
净利润NYTSBGI
| Q4 25 | $129.8M | $109.0M | ||
| Q3 25 | $81.6M | $-1.0M | ||
| Q2 25 | $82.9M | $-64.0M | ||
| Q1 25 | $49.6M | $-156.0M | ||
| Q4 24 | $123.7M | $176.0M | ||
| Q3 24 | $64.1M | $94.0M | ||
| Q2 24 | $65.5M | $17.0M | ||
| Q1 24 | $40.4M | $23.0M |
营业利润率NYTSBGI
| Q4 25 | 20.1% | 9.6% | ||
| Q3 25 | 15.0% | 7.5% | ||
| Q2 25 | 15.5% | 2.7% | ||
| Q1 25 | 9.2% | 1.8% | ||
| Q4 24 | 20.2% | 26.5% | ||
| Q3 24 | 12.0% | 19.5% | ||
| Q2 24 | 12.7% | 7.7% | ||
| Q1 24 | 8.1% | 5.3% |
净利率NYTSBGI
| Q4 25 | 16.2% | 13.0% | ||
| Q3 25 | 11.7% | -0.1% | ||
| Q2 25 | 12.1% | -8.2% | ||
| Q1 25 | 7.8% | -20.1% | ||
| Q4 24 | 17.0% | 17.5% | ||
| Q3 24 | 10.0% | 10.3% | ||
| Q2 24 | 10.5% | 2.1% | ||
| Q1 24 | 6.8% | 2.9% |
每股收益（稀释后）NYTSBGI
| Q4 25 | $0.79 | $1.62 | ||
| Q3 25 | $0.50 | $-0.02 | ||
| Q2 25 | $0.50 | $-0.91 | ||
| Q1 25 | $0.30 | $-2.30 | ||
| Q4 24 | $0.74 | $2.64 | ||
| Q3 24 | $0.39 | $1.43 | ||
| Q2 24 | $0.40 | $0.27 | ||
| Q1 24 | $0.24 | $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 | $642.2M | $866.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $2.0B | $443.0M |
| 总资产 | $3.0B | $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NYTSBGI
| Q4 25 | $642.2M | $866.0M | ||
| Q3 25 | $617.4M | $526.0M | ||
| Q2 25 | $540.2M | $616.0M | ||
| Q1 25 | $522.1M | $631.0M | ||
| Q4 24 | $565.9M | $697.0M | ||
| Q3 24 | $492.9M | $536.0M | ||
| Q2 24 | $411.4M | $378.0M | ||
| Q1 24 | $379.1M | $655.0M |
总债务NYTSBGI
| 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 24 | — | $4.1B |
股东权益NYTSBGI
| Q4 25 | $2.0B | $443.0M | ||
| Q3 25 | $2.0B | $347.0M | ||
| Q2 25 | $1.9B | $361.0M | ||
| Q1 25 | $1.9B | $436.0M | ||
| Q4 24 | $1.9B | $583.0M | ||
| Q3 24 | $1.9B | $415.0M | ||
| Q2 24 | $1.8B | $340.0M | ||
| Q1 24 | $1.7B | $333.0M |
总资产NYTSBGI
| Q4 25 | $3.0B | $5.9B | ||
| Q3 25 | $2.9B | $5.6B | ||
| Q2 25 | $2.8B | $5.7B | ||
| Q1 25 | $2.7B | $5.8B | ||
| Q4 24 | $2.8B | $5.9B | ||
| Q3 24 | $2.8B | $5.8B | ||
| Q2 24 | $2.7B | $5.7B | ||
| Q1 24 | $2.6B | $6.0B |
负债/权益比NYTSBGI
| 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× | ||
| Q1 24 | — | 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 | $164.2M | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $157.6M | $79.0M |
| 自由现金流率自由现金流/营收 | 19.6% | 9.4% |
| 资本支出强度资本支出/营收 | 0.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.26× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $550.5M | $115.0M |
8季度趋势，按日历期对齐
经营现金流NYTSBGI
| Q4 25 | $164.2M | $98.0M | ||
| Q3 25 | $207.6M | $-36.0M | ||
| Q2 25 | $113.6M | $122.0M | ||
| Q1 25 | $99.1M | $5.0M | ||
| Q4 24 | $151.7M | $198.0M | ||
| Q3 24 | $125.5M | $210.0M | ||
| Q2 24 | $80.2M | $-306.0M | ||
| Q1 24 | $53.1M | $-4.0M |
自由现金流NYTSBGI
| Q4 25 | $157.6M | $79.0M | ||
| Q3 25 | $199.7M | $-58.0M | ||
| Q2 25 | $103.3M | $105.0M | ||
| Q1 25 | $89.9M | $-11.0M | ||
| Q4 24 | $143.6M | $175.0M | ||
| Q3 24 | $118.4M | $193.0M | ||
| Q2 24 | $72.6M | $-329.0M | ||
| Q1 24 | $46.7M | $-25.0M |
自由现金流率NYTSBGI
| Q4 25 | 19.6% | 9.4% | ||
| Q3 25 | 28.5% | -7.5% | ||
| Q2 25 | 15.1% | 13.4% | ||
| Q1 25 | 14.1% | -1.4% | ||
| Q4 24 | 19.8% | 17.4% | ||
| Q3 24 | 18.5% | 21.0% | ||
| Q2 24 | 11.6% | -39.7% | ||
| Q1 24 | 7.9% | -3.1% |
资本支出强度NYTSBGI
| Q4 25 | 0.8% | 2.3% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 1.5% | 2.2% | ||
| Q1 25 | 1.5% | 2.1% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 1.1% | 1.9% | ||
| Q2 24 | 1.2% | 2.8% | ||
| Q1 24 | 1.1% | 2.6% |
现金转化率NYTSBGI
| Q4 25 | 1.26× | 0.90× | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 1.23× | 1.13× | ||
| Q3 24 | 1.96× | 2.23× | ||
| Q2 24 | 1.22× | -18.00× | ||
| Q1 24 | 1.31× | -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
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
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% |
