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Sinclair vs Newsmax: SBGI and NMAX compared
Sinclair is the larger company: $893M of revenue in its latest quarter (Q3 2026) against $54.1M for Newsmax (Q2 2026). Newsmax is growing faster (+16% against +16% a year earlier). Sinclair is more profitable, with an operating margin of 15.0% against 2.4%.
Where the money goes: SBGI and NMAX
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.
Newsmax (NMAX) · Q2 2026
Newsmax, Q2 2026: revenue $54.1M (+16% year over year), operating margin 2.4%, net earnings $2.9M, operating cash flow −$124K. The chart follows the revenue to costs, profit and cash.
| Sinclair (SBGI) | Newsmax (NMAX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $893M | $54.1M |
| Revenue growth, Y/Y | +16% | +16% |
| Gross margin | — | 43.1% |
| Operating margin | 15.0% | 2.4% |
| Net earnings | $43.0M | $2.9M |
| Net margin | 4.8% | 5.3% |
| Operating cash flow | $129M | −$124K |
| Free cash flow | $109M | — |
| Market value | $991M | — |
| P/E | 9.5× | — |
| Analysts’ mean target | $17.43 | — |
Where the revenue comes from
Newsmax
- Service revenue: $53.1M (98%)
- Product sales: $1.1M (2%)
- Books, Media and Other Product Sales: $151K (0%)
Questions
Which is bigger, Sinclair or Newsmax?
Sinclair is the larger company: $893M of revenue in its latest quarter (Q3 2026) against $54.1M for Newsmax (Q2 2026).
Is Sinclair or Newsmax growing faster?
Newsmax is growing faster (+16% against +16% a year earlier).
Which is more profitable, Sinclair or Newsmax?
Sinclair is more profitable, with an operating margin of 15.0% against 2.4%.
More: Sinclair earnings · how Sinclair makes money · Newsmax earnings · how Newsmax makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.