Sinclair, Inc.
SBGI · Television Broadcasting Stations · 65.1M shares · -7%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $108M (gross $153M, SBC $45M)
Reference price $14.60 · est. market cap ~$951M — last insider sale, 2026-05-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D45Sinclair Inc — TV broadcaster with a net loss and extreme leverage.
Strengths
- Strong liquidity (current 2.4) and cash (78th pct); political-ad cyclicality
Risks
- Net loss; very high leverage (D/E 9.9, 100th)
- Revenue down; cord-cutting / secular ad decline
Notable findings
- High leverageHigh leverage (debt/equity 9.88)
- Net lossNet loss (net margin -3.5%)
- Buying back stockNet buyback — share count -7%/yr over 2y
- Insider sellingInsider selling — 9 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
5.5%
Net margin
-3.5%
Return on equity
-25.3%
Return on assets
-1.9%
ROIC
2.8%
Revenue growth (QoQ)
-3.5%
Net-income growth
-136.1%
Debt / equity
9.9×
Net debt / EBITDA
8.3×
Current ratio
2.4×
Free cash flow
$115M
EBITDA
$422M
Tangible book value
-$2.2B
Cash & investments
$866M
Stock comp / revenue
1.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Friedman Howard E | Grant | 17K | — |
| 2026-06-04 | Beyer Laurie R | Grant | 17K | — |
| 2026-06-04 | Legg Benson E | Grant | 17K | — |
| 2026-06-04 | CARSON BENJAMIN SR | Grant | 17K | — |
| 2026-06-04 | KEITH DANIEL C | Grant | 17K | — |
| 2026-06-04 | SMITH ROBERT E | Grant | 17K | — |
| 2026-05-04 | Legg Benson E | Sell | 32K | $14.60 |
| 2026-04-02 | KEITH DANIEL C | Sell | 23K | $13.10 |
| 2026-04-01 | KEITH DANIEL C | Sell | 1.4K | $13.10 |
| 2026-03-31 | KEITH DANIEL C | Sell | 18K | $13.10 |
| 2026-03-11 | Weisbord Robert | Sell | 3.7K | $13.97 |
| 2026-03-11 | Weisbord Robert | Sell | 3.7K | $13.97 |
| 2026-03-08 | Gibber David B | Tax withheld | 11K | $15.60 |
| 2026-03-08 | Bray Justin LeRoy | Grant | 2.7K | $15.60 |
| 2026-03-08 | Ripley Christopher | Tax withheld | 37K | $15.60 |
| 2026-03-08 | Smith Jason Ryan | Tax withheld | 9.2K | $15.60 |
| 2026-03-08 | Bray Justin LeRoy | Tax withheld | 2.7K | $15.60 |
| 2026-03-02 | Weisbord Robert | Sell | 10K | $15.70 |
| 2026-03-02 | Weisbord Robert | Sell | 10K | $15.70 |
| 2026-02-28 | Bray Justin LeRoy | Tax withheld | 4.8K | $16.34 |
| 2026-02-28 | Gibber David B | Tax withheld | 17K | $16.34 |
| 2026-02-28 | Smith Jason Ryan | Tax withheld | 34K | $16.34 |
| 2026-02-28 | Ripley Christopher | Tax withheld | 114K | $16.34 |
| 2026-02-27 | Weisbord Robert | Option exercise | 94K | $15.97 |
| 2026-02-27 | Weisbord Robert | Disposition | 92K | $16.29 |
| 2026-02-27 | Weisbord Robert | Tax withheld | 726 | $16.29 |
| 2026-02-27 | Weisbord Robert | Option exercise | 75K | $13.31 |
| 2026-02-27 | Weisbord Robert | Disposition | 61K | $16.29 |
| 2026-02-27 | Weisbord Robert | Tax withheld | 5.4K | $16.29 |
| 2026-02-26 | SMITH DAVID D | Tax withheld | 103K | $13.86 |
| 2026-02-26 | Smith Jason Ryan | Grant | 144K | — |
| 2026-02-26 | Lewis Jeffrey Edward | Grant | 9.7K | — |
| 2026-02-26 | Lewis Jeffrey Edward | Tax withheld | 3.8K | $13.86 |
| 2026-02-26 | Gibber David B | Grant | 76K | — |
| 2026-02-26 | Bray Justin LeRoy | Grant | 19K | — |
| 2026-02-26 | Ripley Christopher | Grant | 361K | — |
| 2026-02-26 | Weisbord Robert | Grant | 112K | — |
| 2026-02-26 | Weisbord Robert | Tax withheld | 44K | $13.86 |
| 2026-02-26 | BOCHENEK DAVID R | Grant | 23K | — |
| 2026-02-26 | BOCHENEK DAVID R | Tax withheld | 11K | $13.86 |
| 2026-02-26 | SMITH DAVID D | Grant | 231K | — |
| 2026-01-06 | Friedman Howard E | Sell | 15K | $15.11 |
| 2025-12-30 | SMITH J DUNCAN | Gift | 14K | — |
| 2025-12-30 | SMITH J DUNCAN | Other | 14K | — |
| 2025-12-19 | Legg Benson E | Sell | 6.5K | $15.81 |
| 2025-12-11 | Gibber David B | Sell | 29K | $16.67 |
| 2025-12-11 | Gibber David B | Sell | 2.9K | $16.67 |
| 2025-11-19 | BOCHENEK DAVID R | Other | 6.0K | — |
| 2025-11-19 | BOCHENEK DAVID R | Other | 5.4K | — |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-24 | SMITH FREDERICK G | Other | 100K | $13.09 |
| 2025-06-24 | SMITH FREDERICK G | Other | 100K | $13.09 |
| 2025-06-24 | SMITH FREDERICK G | Other | 100K | $13.09 |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-24 | SMITH FREDERICK G | Gift | 100K | — |
| 2025-06-06 | CARSON BENJAMIN SR | Grant | 18K | — |
| 2025-06-06 | SMITH ROBERT E | Grant | 18K | — |
| 2025-06-06 | Legg Benson E | Grant | 18K | — |
| 2025-06-06 | Friedman Howard E | Grant | 18K | — |
| 2025-06-06 | KEITH DANIEL C | Grant | 18K | — |
| 2025-06-06 | Beyer Laurie R | Grant | 18K | — |
| 2025-04-09 | SMITH DAVID D | Buy | 63K | $12.91 |
| 2025-04-08 | SMITH DAVID D | Buy | 122K | $13.66 |
| 2025-04-07 | SMITH DAVID D | Buy | 7.7K | $13.20 |
| 2025-04-04 | SMITH DAVID D | Buy | 125K | $13.90 |
| 2025-04-03 | SMITH DAVID D | Buy | 125K | $14.98 |
| 2025-03-28 | SMITH DAVID D | Buy | 97K | $15.42 |
| 2025-03-24 | SMITH DAVID D | Buy | 18K | $16.45 |
| 2025-03-21 | SMITH DAVID D | Buy | 93K | $17.11 |
| 2025-03-20 | SMITH DAVID D | Buy | 4.6K | $16.44 |
| 2025-03-19 | SMITH DAVID D | Buy | 4.6K | $15.90 |
| 2025-03-18 | SMITH DAVID D | Buy | 62K | $15.79 |
| 2025-03-12 | SMITH DAVID D | Buy | 43K | $14.08 |
| 2025-03-11 | SMITH DAVID D | Buy | 40K | $13.94 |
| 2025-03-10 | SMITH DAVID D | Buy | 67K | $13.96 |
| 2025-03-08 | Gibber David B | Tax withheld | 11K | $14.40 |
| 2025-03-08 | Ripley Christopher | Tax withheld | 36K | $14.40 |
| 2025-03-08 | Bray Justin LeRoy | Tax withheld | 2.7K | $14.40 |
| 2025-03-08 | Smith Jason Ryan | Tax withheld | 6.3K | $14.40 |
| 2025-03-06 | SMITH DAVID D | Buy | 23K | $14.28 |
| 2025-03-05 | SMITH DAVID D | Buy | 30K | $14.09 |
| 2025-03-04 | SMITH DAVID D | Buy | 53K | $13.73 |
| 2025-03-03 | SMITH DAVID D | Buy | 38K | $14.01 |
| 2025-03-02 | Bray Justin LeRoy | Tax withheld | 2.3K | $14.52 |
| 2025-03-02 | Ripley Christopher | Tax withheld | 32K | $14.52 |
| 2025-03-02 | Gibber David B | Tax withheld | 8.3K | $14.52 |
| 2025-02-28 | SMITH DAVID D | Grant | 288K | — |
| 2025-02-28 | SMITH DAVID D | Tax withheld | 139K | $13.87 |
| 2025-02-28 | RUTISHAUSER LUCY | Grant | 144K | — |
| 2025-02-28 | RUTISHAUSER LUCY | Tax withheld | 70K | $13.87 |
| 2025-02-28 | Lewis Jeffrey Edward | Grant | 10K | — |
| 2025-02-28 | Lewis Jeffrey Edward | Tax withheld | 3.9K | $13.87 |
| 2025-02-28 | BOCHENEK DAVID R | Grant | 22K | — |
| 2025-02-28 | BOCHENEK DAVID R | Tax withheld | 11K | $13.87 |
| 2025-02-28 | Weisbord Robert | Grant | 148K | — |
| 2025-02-28 | Weisbord Robert | Tax withheld | 58K | $13.87 |
| 2025-02-28 | Smith Jason Ryan | Grant | 160K | — |
| 2025-02-28 | Ripley Christopher | Grant | 466K | — |
| 2025-02-28 | BOCHENEK DAVID R | Grant | 23K | — |
| 2025-02-28 | Bray Justin LeRoy | Grant | 18K | — |
| 2025-02-28 | Gibber David B | Grant | 68K | — |
| 2025-02-28 | Bray Justin LeRoy | Grant | 19K | — |
| 2025-02-28 | BOCHENEK DAVID R | Tax withheld | 11K | $13.87 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | Shareholder voteExhibits | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-10-01 | Exec/director changeExhibits | filing ↗ |
| 2025-09-22 | Exec/director changeExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
| 2025-07-07 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-04 | 0001971213-26-000027 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001971213-26-000025 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001971213-26-000022 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001971213-26-000012 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001971213-26-000009 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001971213-25-000073 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001971213-25-000070 ↗ |
| 8-K | 2025-10-01 | 2025-10-01 | 0001971213-25-000067 ↗ |
| 8-K | 2025-09-22 | 2025-09-19 | 0001971213-25-000062 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001971213-25-000057 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001971213-25-000053 ↗ |
| 8-K | 2025-07-07 | 2025-07-07 | 0001971213-25-000050 ↗ |