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Fox vs Sinclair: revenue, profit, margins and growth compared

Fox brought in $17.1B of revenue in fiscal 2026, Sinclair $3.2B in fiscal 2025. Revenue changed by +5.1% at Fox and -10.7% at Sinclair on the year before, so Fox grew faster. Fox kept 9.8% of its revenue as net profit, Sinclair -3.5%. Free cash flow was $1.5B at Fox and $115M at Sinclair.

Side by side, latest fiscal year

FOXASBGI
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$17.1B$3.2B
Revenue growth+5.1%-10.7%
Net income$1.7B-$112M
Net margin9.8%-3.5%
Free cash flow$1.5B$115M
Free cash flow margin8.6%3.6%
Earnings per share (diluted)$3.84-$1.61
Cash$4.2B$866M
Debt$6.6B$4.4B
Price to earnings16.4n/a
Market value$26.5B$924.2M
Dividend yieldn/an/a
Rank by revenue in sector#36 of 451 · Industrials#175 of 451 · Industrials

Over the years

Revenue
FOXA FY2019: $11.4BFOXA FY2020: $12.3BFOXA FY2021: $12.9BFOXA FY2022: $14BFOXA FY2023: $14.9BFOXA FY2024: $14BFOXA FY2025: $16.3BFOXA FY2026: $17.1BSBGI FY2021: $6.1BSBGI FY2023: $3.9BSBGI FY2023: $3.1BSBGI FY2024: $3.5BSBGI FY2025: $3.2BFY19FY20FY21FY22FY23FY24FY25FY26
FOXA $17.1BSBGI $3.2B
Net income
FOXA FY2019: $1.6BFOXA FY2020: $999MFOXA FY2021: $2.2BFOXA FY2022: $1.2BFOXA FY2023: $1.2BFOXA FY2024: $1.5BFOXA FY2025: $2.3BFOXA FY2026: $1.7BSBGI FY2021: -$414MSBGI FY2023: $2.7BSBGI FY2023: -$291MSBGI FY2024: $310MSBGI FY2025: -$112MFY19FY20FY21FY22FY23FY24FY25FY26
FOXA $1.7BSBGI -$112M
Net margin
FOXA FY2019: 14.0%FOXA FY2020: 8.1%FOXA FY2021: 16.7%FOXA FY2022: 8.6%FOXA FY2023: 8.3%FOXA FY2024: 10.7%FOXA FY2025: 13.9%FOXA FY2026: 9.8%SBGI FY2021: -6.7%SBGI FY2023: 67.5%SBGI FY2023: -9.3%SBGI FY2024: 8.7%SBGI FY2025: -3.5%FY19FY20FY21FY22FY23FY24FY25FY26
FOXA 9.8%SBGI -3.5%
Revenue growth
FOXA FY2020: +8.0%FOXA FY2021: +4.9%FOXA FY2022: +8.3%FOXA FY2023: +6.7%FOXA FY2024: -6.3%FOXA FY2025: +16.6%FOXA FY2026: +5.1%SBGI FY2023: -36.0%SBGI FY2023: -20.2%SBGI FY2024: +13.2%SBGI FY2025: -10.7%FY20FY21FY22FY23FY24FY25FY26
FOXA +5.1%SBGI -10.7%
Free cash flow
FOXA FY2019: $2.3BFOXA FY2020: $2BFOXA FY2021: $2.2BFOXA FY2022: $1.6BFOXA FY2023: $1.4BFOXA FY2024: $1.5BFOXA FY2025: $3BFOXA FY2026: $1.5BSBGI FY2021: $247MSBGI FY2023: $694MSBGI FY2023: $143MSBGI FY2024: $14MSBGI FY2025: $115MFY19FY20FY21FY22FY23FY24FY25FY26
FOXA $1.5BSBGI $115M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fox and Sinclair

Which is bigger by revenue, Fox or Sinclair?

Fox is bigger by revenue: $17.1B in fiscal 2026, against $3.2B for Sinclair in fiscal 2025.

Which keeps more of its revenue as profit, Fox or Sinclair?

Fox had a net margin of 9.8% in fiscal 2026; Sinclair had -3.5% in fiscal 2025.

Which grew revenue faster, Fox or Sinclair?

In their latest fiscal years revenue changed by +5.1% at Fox and -10.7% at Sinclair.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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