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Sinclair

SBGI on Nasdaq. Television broadcasting stations. Market value $592m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Media & telecom stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
10.6%very high

For every $100 of what the whole company costs, it produced $10.61 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
20.2×full

You pay 20.2 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
3.4%five-year median

Each dollar kept in the business earns 3 cents a year. Above 10 is good.

Quality score: 41 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.

$12.96 a share, 6% above its 1-year low

Over the past year the price has ranged from $12.23 to $17.88.

Dividend: 7.7% a year

Paid every year for 3 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
0.0
0.1
0.1
20232024202512 monthsto Jun '26
Revenue
$3.1bn$3.5bn$3.2bn
Operating margin
-10.6%15.5%5.5%
Debt to equity
14.817.1410.02
Shares outstanding
0.07bn0.07bn0.07bn

Health checks

  • Free cash flow positive3 of 3 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)2 of 7 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt10.02× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesNo, 6% more shares since 2023

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $840 million last quarter, up 7% on a year ago.
  • A loss of $76 million, compared with a loss of $64 million a year ago.
  • It keeps 7 cents of each $1 of sales as operating profit, down from 14 cents a year earlier.
  • Spare cash over the past 12 months: $95 million, down from $462 million.
  • 4% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $3.5 billion more than cash, about the same as a year ago.
  • Sales grew on a year ago in 2 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$917m
December 2024$1.0bn
March 2025$776m
June 2025$784m
September 2025$773m
December 2025$836m
March 2026$807m
June 2026$840m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$94m
December 2024$176m
March 2025-$156m
June 2025-$64m
September 2025-$1m
December 2025$109m
March 2026$20m
June 2026-$76m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
27 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 177 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

  • DAVID D. SMITH
    Insider or founder
    at least 38.0%−1.1 pts
    (filed with 3 related holders)
    Since 6 May 2026
    What they said

    This Amendment No. 32 ("Amendment No. 32") amends the Schedule 13D initially filed on July 24, 1996 (together, with all amendments thereto, the "Schedule 13D") and is filed to report changes in the beneficial ownership of shares by David D. Smith, Frederick G. Smith, J. Duncan…

    Read the filing
  • GAMCO Asset Management Inc.
    Passive investor
    at least 8.0%−1.0 pts
    (filed with 9 related holders)
    Since 31 March 2026
    What they said

    The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the…

    Read the filing
  • BlackRock, Inc.
    Passive investor
    5.9%
    Since 31 March 2026
  • Teton Advisors, Inc.
    Passive investor
    Sold down below 5%
    Since 7 August 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $3m.

  • SMITH FREDERICK G
    Vice President, Director
    Sold
    Date
    21 September 2026
    Shares
    1,192
    Price
    $13.51
    Value
    $16,099
  • Gibber David B
    EVP & Chief Legal Officer
    Sold
    Date
    10 August 2026
    Shares
    29,246
    Price
    $13.74
    Value
    $401,914
  • KEITH DANIEL C
    Director
    Sold
    Date
    2 July 2026
    Shares
    17,000
    Price
    $15.02
    Value
    $255,340
  • Legg Benson E
    Director
    Sold
    Date
    4 May 2026
    Shares
    31,500
    Price
    $14.60
    Value
    $459,900
  • KEITH DANIEL C
    Director
    Sold
    Date
    2 April 2026
    Shares
    22,613
    Price
    $13.10
    Value
    $296,230
  • KEITH DANIEL C
    Director
    Sold
    Date
    1 April 2026
    Shares
    1,398
    Price
    $13.10
    Value
    $18,314
  • KEITH DANIEL C
    Director
    Sold
    Date
    31 March 2026
    Shares
    17,989
    Price
    $13.10
    Value
    $235,656
  • Weisbord Robert
    COO & President of Local Media
    Sold
    Date
    11 March 2026
    Shares
    3,672
    Price
    $13.97
    Value
    $51,298
  • Weisbord Robert
    COO & President of Local Media
    Sold
    Date
    2 March 2026
    Shares
    10,000
    Price
    $15.70
    Value
    $157,000
  • Friedman Howard E
    Director
    Sold
    Date
    6 January 2026
    Shares
    14,713
    Price
    $15.11
    Value
    $222,313

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It carries a lot of debt: 10.0× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.