vs
Sinclair, Inc.（SBGI）与TWILIO INC（TWLO）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是Sinclair, Inc.的1.6倍（$1.4B vs $836.0M），Sinclair, Inc.净利率更高（13.0% vs -3.4%，领先16.4%），TWILIO INC同比增速更快（14.3% vs -16.7%），过去两年TWILIO INC的营收复合增速更高（14.2% 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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
SBGI vs TWLO — 直观对比
营收规模更大
TWLO
是对方的1.6倍
$836.0M
营收增速更快
TWLO
高出31.1%
-16.7%
净利率更高
SBGI
高出16.4%
-3.4%
两年增速更快
TWLO
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $836.0M | $1.4B |
| 净利润 | $109.0M | $-45.9M |
| 毛利率 | — | 48.5% |
| 营业利润率 | 9.6% | 4.2% |
| 净利率 | 13.0% | -3.4% |
| 营收同比 | -16.7% | 14.3% |
| 净利润同比 | -38.1% | -267.7% |
| 每股收益（稀释后） | $1.62 | $-0.28 |
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SBGITWLO
| Q4 25 | $836.0M | $1.4B | ||
| Q3 25 | $773.0M | $1.3B | ||
| Q2 25 | $784.0M | $1.2B | ||
| Q1 25 | $776.0M | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $917.0M | $1.1B | ||
| Q2 24 | $829.0M | $1.1B | ||
| Q1 24 | $798.0M | $1.0B |
净利润SBGITWLO
| Q4 25 | $109.0M | $-45.9M | ||
| Q3 25 | $-1.0M | $37.2M | ||
| Q2 25 | $-64.0M | $22.4M | ||
| Q1 25 | $-156.0M | $20.0M | ||
| Q4 24 | $176.0M | $-12.5M | ||
| Q3 24 | $94.0M | $-9.7M | ||
| Q2 24 | $17.0M | $-31.9M | ||
| Q1 24 | $23.0M | $-55.3M |
毛利率SBGITWLO
| Q4 25 | — | 48.5% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | — | 49.6% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 51.0% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 52.0% |
营业利润率SBGITWLO
| Q4 25 | 9.6% | 4.2% | ||
| Q3 25 | 7.5% | 3.1% | ||
| Q2 25 | 2.7% | 3.0% | ||
| Q1 25 | 1.8% | 2.0% | ||
| Q4 24 | 26.5% | 1.1% | ||
| Q3 24 | 19.5% | -0.4% | ||
| Q2 24 | 7.7% | -1.8% | ||
| Q1 24 | 5.3% | -4.2% |
净利率SBGITWLO
| Q4 25 | 13.0% | -3.4% | ||
| Q3 25 | -0.1% | 2.9% | ||
| Q2 25 | -8.2% | 1.8% | ||
| Q1 25 | -20.1% | 1.7% | ||
| Q4 24 | 17.5% | -1.0% | ||
| Q3 24 | 10.3% | -0.9% | ||
| Q2 24 | 2.1% | -2.9% | ||
| Q1 24 | 2.9% | -5.3% |
每股收益（稀释后）SBGITWLO
| Q4 25 | $1.62 | $-0.28 | ||
| Q3 25 | $-0.02 | $0.23 | ||
| Q2 25 | $-0.91 | $0.14 | ||
| Q1 25 | $-2.30 | $0.12 | ||
| Q4 24 | $2.64 | $-0.10 | ||
| Q3 24 | $1.43 | $-0.06 | ||
| Q2 24 | $0.27 | $-0.19 | ||
| Q1 24 | $0.35 | $-0.31 |
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 | $682.3M |
| 总债务越低越好 | $4.4B | $992.3M |
| 股东权益账面价值 | $443.0M | $7.8B |
| 总资产 | $5.9B | $9.8B |
| 负债/权益比越低杠杆越低 | 9.84× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资SBGITWLO
| Q4 25 | $866.0M | $682.3M | ||
| Q3 25 | $526.0M | $734.8M | ||
| Q2 25 | $616.0M | $969.2M | ||
| Q1 25 | $631.0M | $467.1M | ||
| Q4 24 | $697.0M | $421.3M | ||
| Q3 24 | $536.0M | $584.0M | ||
| Q2 24 | $378.0M | $755.1M | ||
| Q1 24 | $655.0M | $672.6M |
总债务SBGITWLO
| Q4 25 | $4.4B | $992.3M | ||
| Q3 25 | $4.1B | $991.9M | ||
| Q2 25 | $4.1B | $991.4M | ||
| Q1 25 | $4.2B | $991.0M | ||
| Q4 24 | $4.1B | $990.6M | ||
| Q3 24 | $4.1B | $990.2M | ||
| Q2 24 | $4.1B | $989.8M | ||
| Q1 24 | $4.1B | $989.4M |
股东权益SBGITWLO
| Q4 25 | $443.0M | $7.8B | ||
| Q3 25 | $347.0M | $7.9B | ||
| Q2 25 | $361.0M | $8.0B | ||
| Q1 25 | $436.0M | $8.0B | ||
| Q4 24 | $583.0M | $8.0B | ||
| Q3 24 | $415.0M | $8.2B | ||
| Q2 24 | $340.0M | $8.7B | ||
| Q1 24 | $333.0M | $9.4B |
总资产SBGITWLO
| Q4 25 | $5.9B | $9.8B | ||
| Q3 25 | $5.6B | $9.7B | ||
| Q2 25 | $5.7B | $9.8B | ||
| Q1 25 | $5.8B | $9.8B | ||
| Q4 24 | $5.9B | $9.9B | ||
| Q3 24 | $5.8B | $10.0B | ||
| Q2 24 | $5.7B | $10.5B | ||
| Q1 24 | $6.0B | $11.3B |
负债/权益比SBGITWLO
| Q4 25 | 9.84× | 0.13× | ||
| Q3 25 | 11.75× | 0.13× | ||
| Q2 25 | 11.30× | 0.12× | ||
| Q1 25 | 9.56× | 0.12× | ||
| Q4 24 | 7.02× | 0.12× | ||
| Q3 24 | 9.86× | 0.12× | ||
| Q2 24 | 12.08× | 0.11× | ||
| Q1 24 | 12.35× | 0.10× |
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 | $271.6M |
| 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SBGITWLO
| Q4 25 | $98.0M | $271.6M | ||
| Q3 25 | $-36.0M | $263.6M | ||
| Q2 25 | $122.0M | $277.1M | ||
| Q1 25 | $5.0M | $191.0M | ||
| Q4 24 | $198.0M | $108.4M | ||
| Q3 24 | $210.0M | $204.3M | ||
| Q2 24 | $-306.0M | $213.3M | ||
| Q1 24 | $-4.0M | $190.1M |
自由现金流SBGITWLO
| Q4 25 | $79.0M | — | ||
| Q3 25 | $-58.0M | — | ||
| Q2 25 | $105.0M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | $175.0M | — | ||
| Q3 24 | $193.0M | — | ||
| Q2 24 | $-329.0M | — | ||
| Q1 24 | $-25.0M | — |
自由现金流率SBGITWLO
| Q4 25 | 9.4% | — | ||
| Q3 25 | -7.5% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | -1.4% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 21.0% | — | ||
| Q2 24 | -39.7% | — | ||
| Q1 24 | -3.1% | — |
资本支出强度SBGITWLO
| Q4 25 | 2.3% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.6% | — |
现金转化率SBGITWLO
| Q4 25 | 0.90× | — | ||
| Q3 25 | — | 7.08× | ||
| Q2 25 | — | 12.36× | ||
| Q1 25 | — | 9.54× | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | -18.00× | — | ||
| Q1 24 | -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
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% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
