10x Insights
Loading account…
Companies / Communication Services / Sinclair, Inc.
SBGI

Sinclair, Inc.

Communication ServicesCommunications
Ticker SBGIHUNT VALLEY, MDFiscal year ends DecemberBook value per share $5.32Diluted shares 71.4M

Sinclair, Inc. (NASDAQ: SBGI) operates as a diversified media company with substantial national reach through its primary subsidiary, Sinclair Broadcast Group, LLC. The company's website is www.sbgi.net. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.17B
−10.7% year over year
Last 12 mo $3.26B
5.46%
−10.1 percentage points
Last 12 mo 6.60%
$-99.00M
−131.0% year over year
Last 12 mo $61.00M
-25.28%
−78.5 percentage points
Last 12 mo 13.68%
Cash & financing
$189.00M
+92.9% year over year
Last 12 mo $171.00M
$115.00M
+721.4% year over year
Last 12 mo $95.00M
9.89
Was 7.08× a year earlier
Last 12 mo 10.68
69.1M
+4.6% year over year
Last 12 mo 71.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sinclair, Inc. does

In the company’s own words

Sinclair, Inc. (NASDAQ: SBGI) operates as a diversified media company with substantial national reach through its primary subsidiary, Sinclair Broadcast Group, LLC. The company's website is www.sbgi.net.

The company operates two reportable segments: local media and tennis. The local media segment represents the core business, comprising 179 television stations across 81 markets that broadcast 656 channels. These stations include affiliations with major networks such as FOX, ABC, CBS, NBC, the CW, and MyNetworkTV, along with owned networks including The Nest, Comet, CHARGE!, and ROAR. Sinclair is one of the nation's largest producers of local news, generating more than 2,300 hours of weekly news programming across 106 stations in 69 markets. The local media segment derives revenue primarily from advertising sales and distribution fees from multi-channel video programming distributors and over-the-top platforms.

The tennis segment operates Tennis Channel, a cable network featuring professional tennis tournaments and lifestyle programming, along with streaming services and digital platforms including Tennis.com. This segment generates revenue through distribution fees and advertising sales.

Beyond its core broadcast operations, Sinclair owns Digital Remedy, a marketing technology and managed services company; Dielectric, a designer and manufacturer of broadcast systems; and ONE Media 3.0, focused on NextGen TV technology development. The company also maintains investments in non-media businesses including real estate, venture capital, and private equity through its Ventures subsidiary.

Sinclair's business model emphasizes local content production, disciplined cost management, and strategic partnerships with programming providers. The company maintains approximately 38 percent national reach and employs approximately 480 sales professionals and 70 local sales managers. The company underwent a significant reorganization in June 2023, when Sinclair became the publicly-traded parent company of the former Sinclair Broadcast Group, Inc., which converted to a limited liability company. This restructuring separated certain assets including technical services, intellectual property, and non-broadcast investments into Ventures while maintaining local media operations within SBG.

Company details
Sector
Communication Services
Industry
Communications
Headquarters
HUNT VALLEY, MD
Fiscal year end
December
CIK
1971213
SIC
4833

Financial performance, year by year

Fiscal 2023–2025 · USD
$-661.70M$486.40M$1.63B$2.78B$3.93B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sinclair, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

170
funds hold it
1 of 35
superinvestors hold it
$188.12M
held by funds, at market
26.8%
of shares held by funds

Superinvestors in Sinclair, Inc. · what they did last quarter

Ruane CunniffUNCHANGED
Ruane, Cunniff & Goldfarb (Sequoia)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Sinclair, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.37%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Schwab Fundamental U.S. Small Company ETF
FNDA · SCHWAB STRATEGIC TRUST
0.14%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Sinclair, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Sinclair, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Sinclair, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.