Sinclair vs Warner Bros. Discovery
Warner Bros. Discovery reported revenue of $37.3 billion in fiscal 2025, 11.8 times Sinclair's $3.2 billion in fiscal 2025. Sinclair's revenue fell 10.7% in its latest year, and Warner Bros. Discovery's fell 5.2%. Sinclair had an operating margin of 5.5%, against 2.0% at Warner Bros. Discovery. Free cash flow was $115 million at Sinclair and $3.1 billion at Warner Bros. Discovery.
Side by side
| Sinclair | Warner Bros. Discovery | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.2B | $37.3B |
| Revenue growth | −10.7% | −5.2% |
| Revenue growth a year, last 5 years | — | 28.4% |
| Gross margin | — | — |
| Operating margin | 5.5% | 2.0% |
| Net margin | −3.5% | 1.9% |
| Free cash flow | $115M | $3.1B |
| Free cash flow margin | 3.6% | 8.3% |
| Return on capital | 3.5% | 0.6% |
| Net debt to EBITDA | 8.3x | 4.5x |
| Dividends and buybacks | $69M | $0M |
| Change in diluted share count | 4.6% | 3.3% |
| Last close | $13.68 | $30.95 |
| P/E at the last close | 9.7× | — |
| Insider trades, last 12 months | — | sold $401.7 million |
| Piotroski F-score | 2 of 8 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
SinclairWarner Bros. Discovery
Operating margin
Percent of revenue
SinclairWarner Bros. Discovery
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
SinclairWarner Bros. Discovery
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Sinclair and Warner Bros. Discovery pages.