Sinclair, Inc. income statement
In fiscal 2025, Sinclair, Inc. reported revenue of $3.17bn, down 10.7% on the year before, operating income of $173m (a 5.5% margin) and net income of −$112m, or −$1.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 6,134 | 3,928 | 3,134 | 3,548 | 3,169 | 3,256 |
| Selling, general and administrative | 908 | 812 | 747 | 794 | 806 | 845 |
| Operating income | 95 | 3,980 | −331 | 551 | 173 | 215 |
| Interest expense | 618 | 296 | 305 | 304 | 395 | 334 |
| Income before tax | −499 | 3,614 | −637 | 395 | −153 | 21 |
| Income tax | −173 | 913 | −358 | 76 | −54 | −40 |
| Net income | −414 | 2,652 | −291 | 310 | −112 | 52 |
| Diluted EPS | −$5.51 | $37.54 | −$4.46 | $4.69 | −$1.61 | $0.74 |
| Diluted shares (average) | 75m | 71m | 65m | 66m | 69m | 71m |
| EBITDA | 686 | 4,301 | −60 | 801 | 422 | 476 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 917 | 1,004 | 776 | 784 | 773 | 836 | 807 | 840 |
| Selling, general and administrative | 201 | 203 | 192 | 200 | 203 | 211 | 214 | 217 |
| Operating income | 179 | 266 | 14 | 21 | 58 | 80 | 27 | 50 |
| Interest expense | 78 | 74 | 144 | 82 | 85 | 84 | 85 | 80 |
| Income before tax | 125 | 225 | −200 | −76 | 0 | 123 | −137 | 35 |
| Income tax | 29 | 46 | −46 | −14 | −1 | 7 | −158 | 112 |
| Net income | 94 | 176 | −156 | −64 | −1 | 109 | 20 | −76 |
| Diluted EPS | $1.43 | $2.64 | −$2.30 | −$0.91 | −$0.02 | $1.59 | $0.28 | −$1.06 |
| EBITDA | 242 | 327 | 76 | 80 | 120 | 146 | 92 | 118 |
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