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Liberty Media vs Sinclair: FWONA and SBGI compared
Liberty Media is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $893M for Sinclair (Q3 2026). Sinclair is growing faster (+16% against +13% a year earlier). Liberty Media is more profitable, with an operating margin of 19.3% against 15.0%.
Where the money goes: FWONA and SBGI
Liberty Media (FWONA) · Q3 2026
Liberty Media, Q3 2026: revenue $1.2B (+13% year over year), operating margin 19.3%, net earnings $163M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
Sinclair (SBGI) · Q3 2026
Sinclair, Q3 2026: revenue $893M (+16% year over year), operating margin 15.0%, net earnings $43.0M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
| Liberty Media (FWONA) | Sinclair (SBGI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $893M |
| Revenue growth, Y/Y | +13% | +16% |
| Operating margin | 19.3% | 15.0% |
| Net earnings | $163M | $43.0M |
| Net margin | 13.3% | 4.8% |
| Operating cash flow | $382M | $129M |
| Free cash flow | $337M | $109M |
| Market value | $26.7B | $991M |
| P/E | 75.5× | 9.5× |
| Analysts’ mean target | $111.00 | $17.43 |
Where the revenue comes from
Liberty Media
- Primary: $1.0B (84%)
- Other: $193M (16%)
Questions
Which is bigger, Liberty Media or Sinclair?
Liberty Media is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $893M for Sinclair (Q3 2026).
Is Liberty Media or Sinclair growing faster?
Sinclair is growing faster (+16% against +13% a year earlier).
Which is more profitable, Liberty Media or Sinclair?
Liberty Media is more profitable, with an operating margin of 19.3% against 15.0%.
More: Liberty Media earnings · how Liberty Media makes money · Sinclair earnings · how Sinclair makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.