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Sinclair, Inc.（SBGI）与TRINITY INDUSTRIES INC（TRN）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TRINITY INDUSTRIES INC的1.4倍（$836.0M vs $611.2M），TRINITY INDUSTRIES INC净利率更高（31.8% vs 13.0%，领先18.7%），TRINITY INDUSTRIES INC同比增速更快（-2.9% vs -16.7%），TRINITY INDUSTRIES INC自由现金流更多（$158.6M vs $79.0M），过去两年Sinclair, Inc.的营收复合增速更高（2.4% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
SBGI vs TRN — 直观对比
营收规模更大
SBGI
是对方的1.4倍
$611.2M
营收增速更快
TRN
高出13.8%
-16.7%
净利率更高
TRN
高出18.7%
13.0%
自由现金流更多
TRN
多$79.6M
$79.0M
两年增速更快
SBGI
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $836.0M | $611.2M |
| 净利润 | $109.0M | $194.2M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 9.6% | 54.9% |
| 净利率 | 13.0% | 31.8% |
| 营收同比 | -16.7% | -2.9% |
| 净利润同比 | -38.1% | 413.8% |
| 每股收益（稀释后） | $1.62 | $2.25 |
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SBGITRN
| Q4 25 | $836.0M | $611.2M | ||
| Q3 25 | $773.0M | $454.1M | ||
| Q2 25 | $784.0M | $506.2M | ||
| Q1 25 | $776.0M | $585.4M | ||
| Q4 24 | $1.0B | $629.4M | ||
| Q3 24 | $917.0M | $798.8M | ||
| Q2 24 | $829.0M | $841.4M | ||
| Q1 24 | $798.0M | $809.6M |
净利润SBGITRN
| Q4 25 | $109.0M | $194.2M | ||
| Q3 25 | $-1.0M | $30.3M | ||
| Q2 25 | $-64.0M | $14.1M | ||
| Q1 25 | $-156.0M | $22.1M | ||
| Q4 24 | $176.0M | $37.8M | ||
| Q3 24 | $94.0M | $31.4M | ||
| Q2 24 | $17.0M | $54.4M | ||
| Q1 24 | $23.0M | $23.7M |
毛利率SBGITRN
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 20.3% |
营业利润率SBGITRN
| Q4 25 | 9.6% | 54.9% | ||
| Q3 25 | 7.5% | 26.1% | ||
| Q2 25 | 2.7% | 18.8% | ||
| Q1 25 | 1.8% | 17.0% | ||
| Q4 24 | 26.5% | 17.8% | ||
| Q3 24 | 19.5% | 15.3% | ||
| Q2 24 | 7.7% | 16.9% | ||
| Q1 24 | 5.3% | 14.2% |
净利率SBGITRN
| Q4 25 | 13.0% | 31.8% | ||
| Q3 25 | -0.1% | 6.7% | ||
| Q2 25 | -8.2% | 2.8% | ||
| Q1 25 | -20.1% | 3.8% | ||
| Q4 24 | 17.5% | 6.0% | ||
| Q3 24 | 10.3% | 3.9% | ||
| Q2 24 | 2.1% | 6.5% | ||
| Q1 24 | 2.9% | 2.9% |
每股收益（稀释后）SBGITRN
| Q4 25 | $1.62 | $2.25 | ||
| Q3 25 | $-0.02 | $0.37 | ||
| Q2 25 | $-0.91 | $0.17 | ||
| Q1 25 | $-2.30 | $0.26 | ||
| Q4 24 | $2.64 | $0.34 | ||
| Q3 24 | $1.43 | $0.37 | ||
| Q2 24 | $0.27 | $0.65 | ||
| Q1 24 | $0.35 | $0.28 |
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 | $201.3M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $443.0M | $1.1B |
| 总资产 | $5.9B | $8.4B |
| 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SBGITRN
| Q4 25 | $866.0M | $201.3M | ||
| Q3 25 | $526.0M | $66.3M | ||
| Q2 25 | $616.0M | $147.7M | ||
| Q1 25 | $631.0M | $94.9M | ||
| Q4 24 | $697.0M | $228.2M | ||
| Q3 24 | $536.0M | $222.4M | ||
| Q2 24 | $378.0M | $257.1M | ||
| Q1 24 | $655.0M | $118.8M |
总债务SBGITRN
| 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SBGITRN
| Q4 25 | $443.0M | $1.1B | ||
| Q3 25 | $347.0M | $1.0B | ||
| Q2 25 | $361.0M | $1.0B | ||
| Q1 25 | $436.0M | $1.1B | ||
| Q4 24 | $583.0M | $1.1B | ||
| Q3 24 | $415.0M | $1.1B | ||
| Q2 24 | $340.0M | $1.1B | ||
| Q1 24 | $333.0M | $1.0B |
总资产SBGITRN
| Q4 25 | $5.9B | $8.4B | ||
| Q3 25 | $5.6B | $8.9B | ||
| Q2 25 | $5.7B | $8.8B | ||
| Q1 25 | $5.8B | $8.7B | ||
| Q4 24 | $5.9B | $8.8B | ||
| Q3 24 | $5.8B | $8.8B | ||
| Q2 24 | $5.7B | $9.0B | ||
| Q1 24 | $6.0B | $9.1B |
负债/权益比SBGITRN
| 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 | $98.0M | $177.4M |
| 自由现金流经营现金流 - 资本支出 | $79.0M | $158.6M |
| 自由现金流率自由现金流/营收 | 9.4% | 25.9% |
| 资本支出强度资本支出/营收 | 2.3% | 3.1% |
| 现金转化率经营现金流/净利润 | 0.90× | 0.91× |
| 过去12个月自由现金流最近4个季度 | $115.0M | $314.1M |
8季度趋势，按日历期对齐
经营现金流SBGITRN
| Q4 25 | $98.0M | $177.4M | ||
| Q3 25 | $-36.0M | $44.2M | ||
| Q2 25 | $122.0M | $61.6M | ||
| Q1 25 | $5.0M | $76.5M | ||
| Q4 24 | $198.0M | $201.6M | ||
| Q3 24 | $210.0M | $78.5M | ||
| Q2 24 | $-306.0M | $241.5M | ||
| Q1 24 | $-4.0M | $52.2M |
自由现金流SBGITRN
| Q4 25 | $79.0M | $158.6M | ||
| Q3 25 | $-58.0M | $35.3M | ||
| Q2 25 | $105.0M | $52.9M | ||
| Q1 25 | $-11.0M | $67.3M | ||
| Q4 24 | $175.0M | $180.1M | ||
| Q3 24 | $193.0M | $62.1M | ||
| Q2 24 | $-329.0M | $230.2M | ||
| Q1 24 | $-25.0M | $47.6M |
自由现金流率SBGITRN
| Q4 25 | 9.4% | 25.9% | ||
| Q3 25 | -7.5% | 7.8% | ||
| Q2 25 | 13.4% | 10.5% | ||
| Q1 25 | -1.4% | 11.5% | ||
| Q4 24 | 17.4% | 28.6% | ||
| Q3 24 | 21.0% | 7.8% | ||
| Q2 24 | -39.7% | 27.4% | ||
| Q1 24 | -3.1% | 5.9% |
资本支出强度SBGITRN
| Q4 25 | 2.3% | 3.1% | ||
| Q3 25 | 2.8% | 2.0% | ||
| Q2 25 | 2.2% | 1.7% | ||
| Q1 25 | 2.1% | 1.6% | ||
| Q4 24 | 2.3% | 3.4% | ||
| Q3 24 | 1.9% | 2.1% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 2.6% | 0.6% |
现金转化率SBGITRN
| Q4 25 | 0.90× | 0.91× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 4.37× | ||
| Q1 25 | — | 3.46× | ||
| Q4 24 | 1.13× | 5.33× | ||
| Q3 24 | 2.23× | 2.50× | ||
| Q2 24 | -18.00× | 4.44× | ||
| Q1 24 | -0.17× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
