• Markets
• News
• Learn

Sinclair (SBGI) just wrapped up FY 2025 with Q4 revenue of US$836 million and basic EPS of US$1.56, alongside net income of US$109 million, against Q4 FY 2024 revenue of US$1,004 million, EPS of US$2.65 and net income of US$176 million. Over the past four quarters, revenue has ranged between US$773 million and US$836 million, while quarterly EPS swung from a loss of US$2.31 in Q1 FY 2025 to a profit of US$1.56 in Q4, a path that puts the focus squarely on how durable the recent margin recovery might be.

With the headline numbers on the table, the next step is to compare these results with the most common stories around Sinclair, to see where the data backs the narrative and where it starts to push back.

See what the community is saying about Sinclair

Trailing 12 months still in loss

• On a trailing 12 month basis to Q4 FY 2025, Sinclair recorded US$3.2b of revenue and a net loss of US$112 million, with basic EPS at a loss of US$1.62.
• Consensus narrative points to digital and streaming growth helping to offset pressure on traditional TV, yet the trailing loss shows that, so far, new initiatives have not fully counterbalanced weaker broadcast trends.
  • Revenue over the last year, at US$3.2b, sits below the US$3.5b level seen in the prior trailing data point. This aligns with analysts expecting revenue to decline about 1.9% per year while margins improve.
  • The same consensus expects earnings to reach US$90.7 million by around 2028. The current US$112 million loss is therefore a clear gap that would need to close for that path to play out.

Quarterly swing from US$156 million loss to profit

• Within FY 2025, net income moved from a loss of US$156 million in Q1 to a profit of US$109 million in Q4, with EPS shifting from a loss of US$2.31 to US$1.56 over the same period.
• Bulls argue that new digital assets and acquisitions can reshape earnings quality, and this intrayear shift gives them some support while also highlighting how dependent the story still is on improving the core business.
  • Digital focused bulls highlight assets like Digital Remedy and Ventures holdings such as Tennis Channel as potential future earnings drivers, but the trailing 12 month figures still show a loss, so the Q4 profit has not yet translated into consistent profitability.
  • At the same time, bulls point to the potential for higher margins over time. The last year of results, with a US$112 million loss, underlines that the company is working from a low earnings base today.

Cheap sales multiple, but coverage risks

• The shares trade at a P/S of 0.4x, below the US Media industry at 0.9x and peers at 1.2x, and below a DCF fair value of US$50.95 while trailing earnings are still in a loss.
• Bears focus on weak interest and dividend coverage, and the trailing loss of US$112 million, together with a 6.14% dividend yield that is not covered by earnings, aligns closely with that cautious view.
  • Critics highlight that revenue growth is estimated at 0.4% per year versus 10.4% for the wider US market. Even with a low P/S, slower growth and a loss making profile put more weight on those coverage concerns.
  • They also point out that significant insider selling in the last three months, combined with interest payments not well covered by earnings, makes the low multiple and DCF fair value gap something investors may want to examine carefully rather than take at face value.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Sinclair on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

With a mix of cautious signals and potential upside running through this story, it is worth checking the numbers yourself and deciding where you stand. This includes our breakdown of 3 key rewards and 3 important warning signs.

See What Else Is Out There

Sinclair is working through a trailing 12 month loss of US$112 million, uneven quarterly earnings and questions around interest and dividend coverage.

If that mix of losses, coverage pressure and business swings feels uncomfortable, you may want to shift your attention toward 80 resilient stocks with low risk scores that aim for steadier fundamentals and fewer unpleasant surprises.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com