Filing Flows › Sinclair (SBGI) › Q4 2025
Sinclair (SBGI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Sinclair (SBGI) reported revenue of $836M for the fourth quarter 2025 (Q4 2025), -17% from a year earlier and +8% from the quarter before. Operating margin was 9.6%, net earnings $109M (13.0% of revenue).
Sinclair, Q4 2025: revenue $836M (-17% year over year), operating margin 9.6%, net earnings $109M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $836M | +8% | -17% |
| Operating profit | $80.0M | +38% | -70% |
| Net earnings | $109M | — | -38% |
| Operating cash flow | $98.0M | — | -51% |
| Free cash flow | $79.0M | — | -55% |
What changed
Revenue was $836.0M in Q4 2025, down 17% year over year and up 8% from the previous quarter.
Operating profit was $80.0M, a 9.6% margin (down 16.9 points year over year). Total costs grew 2% against a revenue fall of 17%. Net earnings were $109.0M, down 38% year over year. The effective tax rate was 5.7%. Non-operating items added $43.0M, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $98.0M (down 51% year over year), 84% of net income including minority interests. Non-cash charges added back $66.0M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items used $93.0M. Capital expenditures of $19.0M left free cash flow of $79.0M.
Questions
What was Sinclair's revenue in the fourth quarter 2025?
Sinclair (SBGI) reported revenue of $836M for the fourth quarter 2025 (Q4 2025), -17% from a year earlier and +8% from the quarter before.
Was Sinclair profitable in the fourth quarter 2025?
Operating profit was $80.0M (9.6% of revenue) and net earnings $109M.
Source: Sinclair 10-K on SEC EDGAR.