SBGISinclair, Inc.
Television Broadcasting Stations
- Revenue
- $3.2B
- 11% YoY
- Operating margin
- 5.5%
- 65% YoY
- EBITDA
- $422M
- 47% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 8.1×
- $3.4B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear38% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.1B | $3.9B | $3.1B | $3.5B | $3.2B | 11% |
| Operating income | $95M | $4.0B | −$331M | $551M | $173M | 69% |
| Net income | −$326M | $2.7B | −$279M | $319M | −$99M | 131% |
| Operating cash flow | $327M | $799M | $235M | $98M | $189M | 93% |
| Capex | $80M | $105M | $92M | $84M | $74M | 12% |
| Stock-based comp | $60M | $50M | $45M | $51M | $51M | 0.0% |
| Buybacks | $61M | $120M | $153M | $0 | $0 | |
| Dividends | $60M | $70M | $65M | $66M | $69M | 4.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $16K · 3
- Net
- −$16K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $12M | 64 | 111 |
| FY2024 | $11M | $11M | 62 | 106 |
| FY2023 | $7M | $8M | 47 | 119 |
| FY2022 | $10M | $7M | 52 | 65 |
| FY2021 | $16M | $14M | 84 | 93 |