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Sinclair (SBGI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Sinclair (SBGI) Q3 2026 earnings results →
Q3 2026 Revenue up 16% year over year to $893M · 5¢ of every $1 of revenue kept as net profit · operating margin 15.0%
Sinclair made $893M in Q3 2026 (+16% Y/Y). Operating margin 15.0%, net earnings $43.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $893.0M in Q3 2026, up 16% year over year and up 6% from the previous quarter.
Operating profit was $134.0M, a 15.0% margin (up 7.5 points year over year). Of the extra revenue versus Q3 2025, 63% reached operating profit, above the 8% margin then. Total costs grew 6% against revenue growth of 16%. Net earnings were $43.0M. The effective tax rate was 34.8%.
Operating cash flow was $129.0M, 300% of net earnings. Non-cash charges added back $66.0M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $20.0M left free cash flow of $109.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $893M | +16% | 15.0% | $43.0M | $129M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $840M | +7% | 6.0% | −$77.0M | $66.0M |
| Q1 2026 | 10-Q | May 6, 2026 | $807M | +4% | 3.3% | $21.0M | $43.0M |
| Q4 2025 | 10-K | Feb 27, 2026 | $836M | -17% | 9.6% | $109M | $98.0M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $773M | -16% | 7.5% | $1.0M | −$36.0M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $784M | -5% | 2.7% | −$62.0M | $122M |
| Q1 2025 | 10-Q | May 9, 2025 | $776M | -3% | 1.8% | −$154M | $5.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Sinclair
Sinclair, Inc. (“the Company” or “Sinclair”), a Maryland corporation formed in 2022, is the parent company of Sinclair Broadcast Group, LLC (“SBG”), a Maryland limited liability company, which formed from the conversion of Sinclair Broadcast Group, Inc. (“Old Sinclair”), a Maryland corporation founded in 1986, to a Maryland limited liability company in 2023. Refer to Company Reorganization in this Item 1 . Sinclair is a diversified media company with national reach and a strong focus on providing high-quality content on our local television stations and digital platform. The content, distributed through our broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, other original programming produced by us and our owned networks, and professional sports.
In its own words, from its 10-K, filed Feb 27, 2026.
Sinclair against its Television Broadcasting Stations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +16%. Operating margin: 15.0% against the peers' median 15.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SBGI Sinclair | Q3 2026 | $893M | +16% | 15.0% |
| PSKY Skydance | Q2 2026 | $6.9B | +0.9% | 6.9% |
| FOXA Fox | Q1 FY27 | $4.6B | +22% | 28.1% |
| NXST Nexstar Media Group | Q3 2026 | $2.1B | +78% | 24.9% |
| VSNT Versant Media Group | Q3 2026 | $1.6B | -4% | 6.9% |
| FWONA Liberty Media | Q3 2026 | $1.2B | +13% | 19.3% |
| GTN Gray Media | Q3 2026 | $972M | +30% | 27.4% |
| SSP E.W. Scripps | Q3 2026 | $545M | +4% | 12.3% |
| EVC Entravision Communications | Q3 2026 | $226M | +88% | 12.5% |
Source: Sinclair 10-Q on SEC EDGAR · CIK 1971213 · Television Broadcasting Stations
Guidance and outlook
13F: who owns SBGI and who is buying
More on SBGI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results