vs
Sinclair, Inc.（SBGI）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是Sinclair, Inc.的1.7倍（$1.4B vs $836.0M），Sinclair, Inc.净利率更高（13.0% vs 7.1%，领先5.9%），Sinclair, Inc.同比增速更快（-16.7% vs -26.8%），过去两年Sinclair, Inc.的营收复合增速更高（2.4% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
SBGI vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.7倍
$836.0M
营收增速更快
SBGI
高出10.1%
-26.8%
净利率更高
SBGI
高出5.9%
7.1%
两年增速更快
SBGI
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $836.0M | $1.4B |
| 净利润 | $109.0M | $98.6M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 9.6% | — |
| 净利率 | 13.0% | 7.1% |
| 营收同比 | -16.7% | -26.8% |
| 净利润同比 | -38.1% | -53.8% |
| 每股收益（稀释后） | $1.62 | $1.12 |
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SBGITMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $836.0M | $2.1B | ||
| Q3 25 | $773.0M | $2.1B | ||
| Q2 25 | $784.0M | $2.0B | ||
| Q1 25 | $776.0M | $1.9B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $917.0M | $2.1B | ||
| Q2 24 | $829.0M | $2.0B |
净利润SBGITMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $109.0M | $174.0M | ||
| Q3 25 | $-1.0M | $201.4M | ||
| Q2 25 | $-64.0M | $193.6M | ||
| Q1 25 | $-156.0M | $213.5M | ||
| Q4 24 | $176.0M | $242.5M | ||
| Q3 24 | $94.0M | $251.1M | ||
| Q2 24 | $17.0M | $199.5M |
毛利率SBGITMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | — | 23.7% |
营业利润率SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 7.7% | — |
净利率SBGITMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 13.0% | 8.3% | ||
| Q3 25 | -0.1% | 9.6% | ||
| Q2 25 | -8.2% | 9.5% | ||
| Q1 25 | -20.1% | 11.3% | ||
| Q4 24 | 17.5% | 10.3% | ||
| Q3 24 | 10.3% | 11.8% | ||
| Q2 24 | 2.1% | 10.0% |
每股收益（稀释后）SBGITMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $1.62 | $1.77 | ||
| Q3 25 | $-0.02 | $2.01 | ||
| Q2 25 | $-0.91 | $1.92 | ||
| Q1 25 | $-2.30 | $2.07 | ||
| Q4 24 | $2.64 | $2.29 | ||
| Q3 24 | $1.43 | $2.37 | ||
| Q2 24 | $0.27 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $443.0M | $6.2B |
| 总资产 | $5.9B | $9.8B |
| 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SBGITMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $866.0M | $850.0M | ||
| Q3 25 | $526.0M | $370.6M | ||
| Q2 25 | $616.0M | $130.2M | ||
| Q1 25 | $631.0M | $377.8M | ||
| Q4 24 | $697.0M | $487.2M | ||
| Q3 24 | $536.0M | $256.4M | ||
| Q2 24 | $378.0M | $246.8M |
总债务SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $4.1B | $2.1B | ||
| Q1 25 | $4.2B | $2.1B | ||
| Q4 24 | $4.1B | $2.1B | ||
| Q3 24 | $4.1B | $2.1B | ||
| Q2 24 | $4.1B | $2.2B |
股东权益SBGITMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $443.0M | $6.3B | ||
| Q3 25 | $347.0M | $6.2B | ||
| Q2 25 | $361.0M | $6.1B | ||
| Q1 25 | $436.0M | $6.0B | ||
| Q4 24 | $583.0M | $5.9B | ||
| Q3 24 | $415.0M | $5.7B | ||
| Q2 24 | $340.0M | $5.5B |
总资产SBGITMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $5.9B | $9.8B | ||
| Q3 25 | $5.6B | $9.6B | ||
| Q2 25 | $5.7B | $9.5B | ||
| Q1 25 | $5.8B | $9.4B | ||
| Q4 24 | $5.9B | $9.3B | ||
| Q3 24 | $5.8B | $9.3B | ||
| Q2 24 | $5.7B | $9.1B |
负债/权益比SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | 9.84× | 0.36× | ||
| Q3 25 | 11.75× | 0.35× | ||
| Q2 25 | 11.30× | 0.35× | ||
| Q1 25 | 9.56× | 0.35× | ||
| Q4 24 | 7.02× | 0.36× | ||
| Q3 24 | 9.86× | 0.37× | ||
| Q2 24 | 12.08× | 0.39× |
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 | — |
| 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% | — |
| 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SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | $98.0M | $646.4M | ||
| Q3 25 | $-36.0M | $219.6M | ||
| Q2 25 | $122.0M | $-126.0M | ||
| Q1 25 | $5.0M | $77.2M | ||
| Q4 24 | $198.0M | $438.2M | ||
| Q3 24 | $210.0M | $135.9M | ||
| Q2 24 | $-306.0M | $-233.3M |
自由现金流SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | $79.0M | $635.3M | ||
| Q3 25 | $-58.0M | $206.6M | ||
| Q2 25 | $105.0M | $-133.6M | ||
| Q1 25 | $-11.0M | $68.7M | ||
| Q4 24 | $175.0M | $428.2M | ||
| Q3 24 | $193.0M | $127.1M | ||
| Q2 24 | $-329.0M | $-241.7M |
自由现金流率SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 30.3% | ||
| Q3 25 | -7.5% | 9.9% | ||
| Q2 25 | 13.4% | -6.6% | ||
| Q1 25 | -1.4% | 3.6% | ||
| Q4 24 | 17.4% | 18.2% | ||
| Q3 24 | 21.0% | 6.0% | ||
| Q2 24 | -39.7% | -12.1% |
资本支出强度SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 0.5% | ||
| Q3 25 | 2.8% | 0.6% | ||
| Q2 25 | 2.2% | 0.4% | ||
| Q1 25 | 2.1% | 0.4% | ||
| Q4 24 | 2.3% | 0.4% | ||
| Q3 24 | 1.9% | 0.4% | ||
| Q2 24 | 2.8% | 0.4% |
现金转化率SBGITMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 3.71× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | 1.13× | 1.81× | ||
| Q3 24 | 2.23× | 0.54× | ||
| Q2 24 | -18.00× | -1.17× |
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
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
