vs
Sinclair, Inc.（SBGI）与SS&C Technologies Holdings Inc（SSNC）财务数据对比。点击上方公司名可切换其他公司
SS&C Technologies Holdings Inc的季度营收约是Sinclair, Inc.的2.0倍（$1.6B vs $836.0M），SS&C Technologies Holdings Inc净利率更高（13.7% vs 13.0%，领先0.7%），SS&C Technologies Holdings Inc同比增速更快（8.8% vs -16.7%），过去两年SS&C Technologies Holdings Inc的营收复合增速更高（6.5% 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。
SS&C Technologies Holdings Inc.是总部位于美国康涅狄格州温莎的跨国控股企业，面向金融服务行业提供专业软件及软件即服务（SaaS）解决方案，业务覆盖全球，在美洲、欧洲、亚洲、非洲及澳洲均设有办公网点。
SBGI vs SSNC — 直观对比
营收规模更大
SSNC
是对方的2.0倍
$836.0M
营收增速更快
SSNC
高出25.5%
-16.7%
净利率更高
SSNC
高出0.7%
13.0%
两年增速更快
SSNC
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $836.0M | $1.6B |
| 净利润 | $109.0M | $226.1M |
| 毛利率 | — | 48.7% |
| 营业利润率 | 9.6% | 24.2% |
| 净利率 | 13.0% | 13.7% |
| 营收同比 | -16.7% | 8.8% |
| 净利润同比 | -38.1% | 6.2% |
| 每股收益（稀释后） | $1.62 | $0.91 |
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SBGISSNC
| Q1 26 | — | $1.6B | ||
| Q4 25 | $836.0M | $1.7B | ||
| Q3 25 | $773.0M | $1.6B | ||
| Q2 25 | $784.0M | $1.5B | ||
| Q1 25 | $776.0M | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $917.0M | $1.5B | ||
| Q2 24 | $829.0M | $1.5B |
净利润SBGISSNC
| Q1 26 | — | $226.1M | ||
| Q4 25 | $109.0M | $193.1M | ||
| Q3 25 | $-1.0M | $210.0M | ||
| Q2 25 | $-64.0M | $180.8M | ||
| Q1 25 | $-156.0M | $213.0M | ||
| Q4 24 | $176.0M | $248.2M | ||
| Q3 24 | $94.0M | $164.4M | ||
| Q2 24 | $17.0M | $190.3M |
毛利率SBGISSNC
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
营业利润率SBGISSNC
| Q1 26 | — | 24.2% | ||
| Q4 25 | 9.6% | 22.3% | ||
| Q3 25 | 7.5% | 23.3% | ||
| Q2 25 | 2.7% | 22.4% | ||
| Q1 25 | 1.8% | 23.6% | ||
| Q4 24 | 26.5% | 23.4% | ||
| Q3 24 | 19.5% | 22.2% | ||
| Q2 24 | 7.7% | 22.6% |
净利率SBGISSNC
| Q1 26 | — | 13.7% | ||
| Q4 25 | 13.0% | 11.7% | ||
| Q3 25 | -0.1% | 13.4% | ||
| Q2 25 | -8.2% | 11.8% | ||
| Q1 25 | -20.1% | 14.1% | ||
| Q4 24 | 17.5% | 16.2% | ||
| Q3 24 | 10.3% | 11.2% | ||
| Q2 24 | 2.1% | 13.1% |
每股收益（稀释后）SBGISSNC
| Q1 26 | — | $0.91 | ||
| Q4 25 | $1.62 | $0.76 | ||
| Q3 25 | $-0.02 | $0.83 | ||
| Q2 25 | $-0.91 | $0.72 | ||
| Q1 25 | $-2.30 | $0.84 | ||
| Q4 24 | $2.64 | $0.98 | ||
| Q3 24 | $1.43 | $0.65 | ||
| Q2 24 | $0.27 | $0.75 |
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 | $420.9M |
| 总债务越低越好 | $4.4B | $7.4B |
| 股东权益账面价值 | $443.0M | $6.9B |
| 总资产 | $5.9B | $20.3B |
| 负债/权益比越低杠杆越低 | 9.84× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资SBGISSNC
| Q1 26 | — | $420.9M | ||
| Q4 25 | $866.0M | $462.1M | ||
| Q3 25 | $526.0M | $388.3M | ||
| Q2 25 | $616.0M | $480.3M | ||
| Q1 25 | $631.0M | $515.0M | ||
| Q4 24 | $697.0M | $567.1M | ||
| Q3 24 | $536.0M | $694.7M | ||
| Q2 24 | $378.0M | $462.7M |
总债务SBGISSNC
| Q1 26 | — | $7.4B | ||
| 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 | — |
股东权益SBGISSNC
| Q1 26 | — | $6.9B | ||
| Q4 25 | $443.0M | $6.9B | ||
| Q3 25 | $347.0M | $6.9B | ||
| Q2 25 | $361.0M | $6.9B | ||
| Q1 25 | $436.0M | $6.8B | ||
| Q4 24 | $583.0M | $6.5B | ||
| Q3 24 | $415.0M | $6.8B | ||
| Q2 24 | $340.0M | $6.4B |
总资产SBGISSNC
| Q1 26 | — | $20.3B | ||
| Q4 25 | $5.9B | $20.7B | ||
| Q3 25 | $5.6B | $19.5B | ||
| Q2 25 | $5.7B | $19.0B | ||
| Q1 25 | $5.8B | $20.4B | ||
| Q4 24 | $5.9B | $19.0B | ||
| Q3 24 | $5.8B | $18.4B | ||
| Q2 24 | $5.7B | $16.9B |
负债/权益比SBGISSNC
| Q1 26 | — | 1.08× | ||
| 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× | — |
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 | $98.0M | $299.7M |
| 自由现金流经营现金流 - 资本支出 | $79.0M | — |
| 自由现金流率自由现金流/营收 | 9.4% | — |
| 资本支出强度资本支出/营收 | 2.3% | 0.0% |
| 现金转化率经营现金流/净利润 | 0.90× | 1.33× |
| 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SBGISSNC
| Q1 26 | — | $299.7M | ||
| Q4 25 | $98.0M | $643.5M | ||
| Q3 25 | $-36.0M | $456.2M | ||
| Q2 25 | $122.0M | $372.9M | ||
| Q1 25 | $5.0M | $272.2M | ||
| Q4 24 | $198.0M | $486.6M | ||
| Q3 24 | $210.0M | $336.6M | ||
| Q2 24 | $-306.0M | $384.9M |
自由现金流SBGISSNC
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $633.0M | ||
| Q3 25 | $-58.0M | $421.5M | ||
| Q2 25 | $105.0M | $350.0M | ||
| Q1 25 | $-11.0M | $259.5M | ||
| Q4 24 | $175.0M | $466.9M | ||
| Q3 24 | $193.0M | $310.7M | ||
| Q2 24 | $-329.0M | $374.9M |
自由现金流率SBGISSNC
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 38.3% | ||
| Q3 25 | -7.5% | 26.9% | ||
| Q2 25 | 13.4% | 22.8% | ||
| Q1 25 | -1.4% | 17.1% | ||
| Q4 24 | 17.4% | 30.5% | ||
| Q3 24 | 21.0% | 21.2% | ||
| Q2 24 | -39.7% | 25.8% |
资本支出强度SBGISSNC
| Q1 26 | — | 0.0% | ||
| Q4 25 | 2.3% | 0.6% | ||
| Q3 25 | 2.8% | 2.2% | ||
| Q2 25 | 2.2% | 1.5% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 2.3% | 1.3% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 2.8% | 0.7% |
现金转化率SBGISSNC
| Q1 26 | — | 1.33× | ||
| Q4 25 | 0.90× | 3.33× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 1.13× | 1.96× | ||
| Q3 24 | 2.23× | 2.05× | ||
| Q2 24 | -18.00× | 2.02× |
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
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
