Feed / SBGI

Sinclair, Inc.

SBGI

Communication Services · 13.84 +2.1% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Sinclair, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+2.1% todayVolume comparison unavailable
Market group0 of 10 activeAuto & Communication Services · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • SBGI's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if SBGI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Broadcasting

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • SBGI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods5
Price observations319
Usable filing statements107
Verified relationships3
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -10.7% year over year.
  • Operating margin changed -10.1 percentage points in the latest annual period.
  • Net margin changed -12.3 percentage points in the latest annual period.
  • Diluted shares increased 4.6% in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

13.84
6m-15.3%12m-4.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.1B$-5.51
2022-12-31$3.9B-36.0%$37.54-5.9%
2023-12-31$3.1B-20.2%$-4.46-7.8%
2024-12-31$3.5B+13.2%$4.69+1.5%
2025-12-31$3.2B-10.7%$-1.61+4.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
Since there was no utilization under the First-Out Revolving Credit Facility as of March 31, 2026, STG was not subject to the financial maintenance covenant under the New Credit Agreement.
10-Q · May 6, 2026
Legal and regulatory exposurenegative · 4 filings
Corporate general and administrative expenses decreased $3 million for the three months ended March 31, 2026, when compared to the same period in 2025, primarily due to a decrease in legal, consulting, and regulatory costs, primarily related to the litigation…
10-Q · May 6, 2026
Restructuring and cost reductionsmixed · 1 filings
SBG performed its annual impairment tests for indefinite-lived intangibles in 2025, 2024 and 2023 and as a result of its qualitative assessments, SBG recorded no impairment.
10-K · Feb 27, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

13.84+2.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for SBGI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for SBGI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind SBGI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

DAVEDave Inc.partnerFeb 27, 2026

In June 2025, Sinclair launched two local sports podcasts: "The Script", a podcast on the Ohio State Buckeyes with former Ohio State stars Cardale Jones and Chris “Beanie” Wells, along with Columbus, Ohio’s ABC6/FOX28 Sports Director Dave Holmes; and "The Dyn…

PORPortland General Electric CompanypartnerMay 6, 2026

In March 2026, Sinclair acquired WHAM in Rochester, NY, WGTU/WGTQ in Traverse City, MI, WEYI in Flint, MI, KCVU/KBVU in Eureka/Chico-Redding, CA, WEMT in Tri-Cities, TN, WYDO in Greenville, NC and WPFO Portland, Maine from various partners.

Depended on by

CCOClear Channel Outdoor Holdings, Inc.competitorFeb 26, 2026

Dilger was Corporate Controller at Sinclair Broadcast Group from 2006 to 2011 and held various accounting and finance roles at Municipal Mortgage & Equity from 2004 to 2006.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SBGI is currently a Follower in the organic co-movement group Auto & Communication Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for SBGI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.