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Sinclair vs Versant Media: revenue, profit, margins and growth compared

Sinclair brought in $3.2B of revenue in fiscal 2025, Versant Media $6.7B in fiscal 2025. Revenue changed by -10.7% at Sinclair and -5.3% at Versant Media on the year before, so Versant Media grew faster. Sinclair kept -3.5% of its revenue as net profit, Versant Media 13.9%. Free cash flow was $115M at Sinclair and $1.9B at Versant Media.

Side by side, latest fiscal year

SBGIVSNT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.2B$6.7B
Revenue growth-10.7%-5.3%
Net income-$112M$930M
Net margin-3.5%13.9%
Free cash flow$115M$1.9B
Free cash flow margin3.6%27.7%
Earnings per share (diluted)-$1.61n/a
Cash$866M$55M
Debt$4.4B$983M
Price to earningsn/an/a
Market value$924.2M$4.6B
Dividend yieldn/an/a
Rank by revenue in sector#175 of 451 · Industrials#100 of 451 · Industrials

Over the years

Revenue
SBGI FY2021: $6.1BSBGI FY2023: $3.9BSBGI FY2023: $3.1BSBGI FY2024: $3.5BSBGI FY2025: $3.2BVSNT FY2023: $7.4BVSNT FY2025: $7.1BVSNT FY2025: $6.7BFY21FY23FY24FY25
SBGI $3.2BVSNT $6.7B
Net income
SBGI FY2021: -$414MSBGI FY2023: $2.7BSBGI FY2023: -$291MSBGI FY2024: $310MSBGI FY2025: -$112MVSNT FY2023: $1.5BVSNT FY2025: $1.4BVSNT FY2025: $930MFY21FY23FY24FY25
SBGI -$112MVSNT $930M
Net margin
SBGI FY2021: -6.7%SBGI FY2023: 67.5%SBGI FY2023: -9.3%SBGI FY2024: 8.7%SBGI FY2025: -3.5%VSNT FY2023: 20.7%VSNT FY2025: 19.3%VSNT FY2025: 13.9%FY21FY23FY24FY25
SBGI -3.5%VSNT 13.9%
Revenue growth
SBGI FY2023: -36.0%SBGI FY2023: -20.2%SBGI FY2024: +13.2%SBGI FY2025: -10.7%VSNT FY2025: -5.1%VSNT FY2025: -5.3%FY23FY24FY25
SBGI -10.7%VSNT -5.3%
Free cash flow
SBGI FY2021: $247MSBGI FY2023: $694MSBGI FY2023: $143MSBGI FY2024: $14MSBGI FY2025: $115MVSNT FY2023: $2.4BVSNT FY2025: $2.2BVSNT FY2025: $1.9BFY21FY23FY24FY25
SBGI $115MVSNT $1.9B

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

Questions about Sinclair and Versant Media

Which is bigger by revenue, Sinclair or Versant Media?

Versant Media is bigger by revenue: $6.7B in fiscal 2025, against $3.2B for Sinclair in fiscal 2025.

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

Sinclair had a net margin of -3.5% in fiscal 2025; Versant Media had 13.9% in fiscal 2025.

Which grew revenue faster, Sinclair or Versant Media?

In their latest fiscal years revenue changed by -10.7% at Sinclair and -5.3% at Versant Media.

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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