vs
Sinclair, Inc.（SBGI）与E.W. SCRIPPS Co（SSP）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E.W. SCRIPPS Co的1.5倍（$836.0M vs $560.3M）。Sinclair, Inc.净利率更高（13.0% vs -5.1%，领先18.1%）。Sinclair, Inc.同比增速更快（-16.7% vs -23.1%）。Sinclair, Inc.自由现金流更多（$79.0M vs $31.2M）。过去两年Sinclair, Inc.的营收复合增速更高（2.4% vs -0.1%）
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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
SBGI vs SSP — 直观对比
营收规模更大
SBGI
是对方的1.5倍
$560.3M
营收增速更快
SBGI
高出6.3%
-23.1%
净利率更高
SBGI
高出18.1%
-5.1%
自由现金流更多
SBGI
多$47.8M
$31.2M
两年增速更快
SBGI
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $836.0M | $560.3M |
| 净利润 | $109.0M | $-28.5M |
| 毛利率 | — | — |
| 营业利润率 | 9.6% | 7.5% |
| 净利率 | 13.0% | -5.1% |
| 营收同比 | -16.7% | -23.1% |
| 净利润同比 | -38.1% | -129.9% |
| 每股收益（稀释后） | $1.62 | $-0.51 |
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SBGISSP
| Q4 25 | $836.0M | $560.3M | ||
| Q3 25 | $773.0M | $525.9M | ||
| Q2 25 | $784.0M | $540.1M | ||
| Q1 25 | $776.0M | $524.4M | ||
| Q4 24 | $1.0B | $728.4M | ||
| Q3 24 | $917.0M | $646.3M | ||
| Q2 24 | $829.0M | $573.6M | ||
| Q1 24 | $798.0M | $561.5M |
净利润SBGISSP
| Q4 25 | $109.0M | $-28.5M | ||
| Q3 25 | $-1.0M | $-33.0M | ||
| Q2 25 | $-64.0M | $-36.0M | ||
| Q1 25 | $-156.0M | $-3.5M | ||
| Q4 24 | $176.0M | $95.4M | ||
| Q3 24 | $94.0M | $47.8M | ||
| Q2 24 | $17.0M | $1.4M | ||
| Q1 24 | $23.0M | $1.6M |
营业利润率SBGISSP
| Q4 25 | 9.6% | 7.5% | ||
| Q3 25 | 7.5% | 7.2% | ||
| Q2 25 | 2.7% | 14.2% | ||
| Q1 25 | 1.8% | 5.2% | ||
| Q4 24 | 26.5% | 26.3% | ||
| Q3 24 | 19.5% | 18.8% | ||
| Q2 24 | 7.7% | 9.7% | ||
| Q1 24 | 5.3% | 7.7% |
净利率SBGISSP
| Q4 25 | 13.0% | -5.1% | ||
| Q3 25 | -0.1% | -6.3% | ||
| Q2 25 | -8.2% | -6.7% | ||
| Q1 25 | -20.1% | -0.7% | ||
| Q4 24 | 17.5% | 13.1% | ||
| Q3 24 | 10.3% | 7.4% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 2.9% | 0.3% |
每股收益（稀释后）SBGISSP
| Q4 25 | $1.62 | $-0.51 | ||
| Q3 25 | $-0.02 | $-0.55 | ||
| Q2 25 | $-0.91 | $-0.59 | ||
| Q1 25 | $-2.30 | $-0.22 | ||
| Q4 24 | $2.64 | $0.94 | ||
| Q3 24 | $1.43 | $0.37 | ||
| Q2 24 | $0.27 | $-0.15 | ||
| Q1 24 | $0.35 | $-0.15 |
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 | $27.9M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $443.0M | $1.2B |
| 总资产 | $5.9B | $5.0B |
| 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SBGISSP
| Q4 25 | $866.0M | $27.9M | ||
| Q3 25 | $526.0M | $54.7M | ||
| Q2 25 | $616.0M | $31.7M | ||
| Q1 25 | $631.0M | $24.0M | ||
| Q4 24 | $697.0M | $23.9M | ||
| Q3 24 | $536.0M | $34.6M | ||
| Q2 24 | $378.0M | $26.7M | ||
| Q1 24 | $655.0M | $30.2M |
总债务SBGISSP
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
股东权益SBGISSP
| Q4 25 | $443.0M | $1.2B | ||
| Q3 25 | $347.0M | $1.3B | ||
| Q2 25 | $361.0M | $1.3B | ||
| Q1 25 | $436.0M | $1.3B | ||
| Q4 24 | $583.0M | $1.3B | ||
| Q3 24 | $415.0M | $1.2B | ||
| Q2 24 | $340.0M | $1.2B | ||
| Q1 24 | $333.0M | $1.2B |
总资产SBGISSP
| Q4 25 | $5.9B | $5.0B | ||
| Q3 25 | $5.6B | $5.1B | ||
| Q2 25 | $5.7B | $5.1B | ||
| Q1 25 | $5.8B | $5.1B | ||
| Q4 24 | $5.9B | $5.2B | ||
| Q3 24 | $5.8B | $5.3B | ||
| Q2 24 | $5.7B | $5.3B | ||
| Q1 24 | $6.0B | $5.3B |
负债/权益比SBGISSP
| Q4 25 | 9.84× | — | ||
| Q3 25 | 11.75× | — | ||
| Q2 25 | 11.30× | — | ||
| Q1 25 | 9.56× | — | ||
| Q4 24 | 7.02× | 1.98× | ||
| 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 | $98.0M | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $79.0M | $31.2M |
| 自由现金流率自由现金流/营收 | 9.4% | 5.6% |
| 资本支出强度资本支出/营收 | 2.3% | 2.5% |
| 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 | $6.5M |
8季度趋势，按日历期对齐
经营现金流SBGISSP
| Q4 25 | $98.0M | $45.1M | ||
| Q3 25 | $-36.0M | $21.8M | ||
| Q2 25 | $122.0M | $-10.5M | ||
| Q1 25 | $5.0M | $-3.3M | ||
| Q4 24 | $198.0M | $153.3M | ||
| Q3 24 | $210.0M | $140.6M | ||
| Q2 24 | $-306.0M | $26.4M | ||
| Q1 24 | $-4.0M | $45.4M |
自由现金流SBGISSP
| Q4 25 | $79.0M | $31.2M | ||
| Q3 25 | $-58.0M | $6.4M | ||
| Q2 25 | $105.0M | $-22.7M | ||
| Q1 25 | $-11.0M | $-8.4M | ||
| Q4 24 | $175.0M | $146.9M | ||
| Q3 24 | $193.0M | $127.4M | ||
| Q2 24 | $-329.0M | $2.8M | ||
| Q1 24 | $-25.0M | $23.3M |
自由现金流率SBGISSP
| Q4 25 | 9.4% | 5.6% | ||
| Q3 25 | -7.5% | 1.2% | ||
| Q2 25 | 13.4% | -4.2% | ||
| Q1 25 | -1.4% | -1.6% | ||
| Q4 24 | 17.4% | 20.2% | ||
| Q3 24 | 21.0% | 19.7% | ||
| Q2 24 | -39.7% | 0.5% | ||
| Q1 24 | -3.1% | 4.1% |
资本支出强度SBGISSP
| Q4 25 | 2.3% | 2.5% | ||
| Q3 25 | 2.8% | 2.9% | ||
| Q2 25 | 2.2% | 2.3% | ||
| Q1 25 | 2.1% | 1.0% | ||
| Q4 24 | 2.3% | 0.9% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 2.8% | 4.1% | ||
| Q1 24 | 2.6% | 3.9% |
现金转化率SBGISSP
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | 1.61× | ||
| Q3 24 | 2.23× | 2.94× | ||
| Q2 24 | -18.00× | 18.45× | ||
| Q1 24 | -0.17× | 27.94× |
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% |
SSP
| Local Media Segment | $355.1M | 63% |
| Scripps Networks | $199.5M | 36% |
| Political Advertising Revenue | $10.0M | 2% |
