Demonstrações financeiras detalhadas de Sinclair, Inc. (SBGI): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Sinclair, Inc. registou receitas de $3.17B no último exercício, com um CAGR de 5 anos de -11.8%.
Margens dos últimos 12 meses: margem bruta 42.4%, margem operacional 6.8%, margem líquida 1.6%. O fluxo de caixa livre cresceu a CAGR de -39.3% em 5 anos.
Ao preço atual de $14.03, SBGI negocia a um P/L de 18.33 e um ROE de 12.71%. A capitalização de mercado é de $981M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $2.74B | $2.73B | $3.06B | $4.24B | $5.94B | $6.13B | $3.93B | $3.13B | $3.55B | $3.17B |
| Custo da Receita | $1.15B | $1.23B | $1.19B | $2.32B | $2.91B | $4.44B | $2.08B | $1.66B | $1.71B | $2.02B |
| Lucro Bruto | $1.59B | $1.51B | $1.86B | $1.92B | $3.03B | $1.69B | $1.85B | $1.47B | $1.83B | $1.15B |
| P&D | $4.1M | $10.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $703.0M | $762.3M | $841.9M | $1.12B | $980.0M | $1.08B | $972.0M | $1.44B | $979.0M | $806.0M |
| Despesas Operacionais | $989.4M | $1.05B | $1.24B | $1.45B | $5.80B | $1.60B | -$2.13B | $1.80B | $1.28B | $991.0M |
| Lucro Operacional | $602.9M | $737.5M | $659.7M | $470.0M | -$2.77B | $95.0M | $3.98B | -$331.0M | $551.0M | $154.0M |
| EBITDA | $994.2M | $1.12B | $983.0M | $907.0M | $2.27B | $714.0M | $944.0M | -$61.0M | $949.0M | $565.0M |
| Despesas com Juros | $211.1M | $212.3M | $292.0M | $422.0M | $656.0M | $618.0M | $296.0M | $305.0M | $304.0M | $395.0M |
| Lucro Antes de Impostos | $372.9M | $518.7M | $310.2M | $201.0M | -$3.15B | -$499.0M | $3.61B | -$637.0M | $395.0M | -$153.0M |
| Imposto | $122.1M | -$75.4M | -$35.8M | $96.0M | -$720.0M | -$173.0M | $913.0M | -$358.0M | $76.0M | -$54.0M |
| Lucro Líquido | $245.3M | $576.0M | $341.2M | $47.0M | -$2.41B | -$414.0M | $2.65B | -$291.0M | $310.0M | -$112.0M |
| LPA | $2.62 | $5.77 | $3.38 | $1.14 | $-30.20 | $-5.52 | $37.54 | $-4.47 | $4.71 | $-1.61 |
| LPA Diluído | $2.60 | $5.72 | $3.35 | $1.13 | $-30.20 | $-5.52 | $37.53 | $-4.47 | $4.69 | $-1.61 |
| Ações em Circulação (Diluídas) | $94.4M | $100.8M | $101.7M | $93.2M | $79.9M | $75.0M | $70.7M | $65.1M | $66.1M | $69.1M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $773.0M | $836.0M | $807.0M | $840.0M |
| Lucro Bruto | $360.0M | $339.0M | $297.0M | $385.0M |
| Lucro Operacional | $58.0M | $80.0M | $34.0M | $50.0M |
| EBITDA | $205.0M | $290.0M | $31.0M | $201.0M |
| Lucro Líquido | -$1.0M | $109.0M | $20.0M | -$76.0M |
| LPA | $-0.01 | $1.56 | $0.28 | $-1.06 |
| LPA Diluído | $-0.01 | $1.55 | $0.28 | $-1.06 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $260.0M | $681.3M | $1.06B | $1.33B | $1.26B | $816.0M | $884.0M | $662.0M | $697.0M | $866.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $603.1M | $666.0M | $599.0M | $1.24B | $1.29B | $1.40B | $617.0M | $624.0M | $642.0M | $687.0M |
| Estoque | $5.8M | $313.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $905.1M | $1.71B | $1.78B | $2.91B | $3.22B | $2.47B | $1.68B | $1.48B | $1.49B | $1.70B |
| Imobilizado | $627.5M | $651.2M | $648.5M | $962.0M | $995.0M | $1.02B | $854.0M | $838.0M | $828.0M | $765.0M |
| Ágio | $1.99B | $2.12B | $2.12B | $4.72B | $2.09B | $2.09B | $2.09B | $2.08B | $2.08B | $2.08B |
| Ativos Intangíveis | $2.10B | $1.96B | $1.79B | $8.13B | $5.79B | $5.24B | $1.10B | $929.0M | $780.0M | $149.0M |
| Ativos Totais | $5.96B | $6.78B | $6.57B | $17.37B | $13.38B | $12.54B | $6.70B | $6.08B | $5.88B | $5.95B |
| Contas a Pagar | 0 | $101.4M | $99.0M | $115.0M | $90.0M | $154.0M | $125.0M | $142.0M | $107.0M | $133.0M |
| Dívida de Curto Prazo | $174.7M | $161.0M | $42.6M | $71.0M | $58.0M | $69.0M | $38.0M | $36.0M | $38.0M | $25.0M |
| Passivos Circulantes | $636.5M | $726.3M | $572.6M | $1.13B | $1.03B | $1.20B | $608.0M | $1.10B | $605.0M | $703.0M |
| Dívida de Longo Prazo | $4.03B | $3.89B | $3.81B | $12.37B | $12.49B | $12.27B | $4.23B | $4.12B | $4.06B | $4.33B |
| Passivos Totais | $5.41B | $5.25B | $4.97B | $15.68B | $14.57B | $14.25B | $6.02B | $5.86B | $5.37B | $5.58B |
| Reservas | -$255.8M | $248.8M | $517.6M | $492.0M | -$1.99B | -$2.46B | $122.0M | -$234.0M | $10.0M | -$171.0M |
| Patrimônio Líquido | $588.0M | $1.57B | $1.64B | $1.50B | -$1.27B | -$1.77B | $748.0M | $285.0M | $583.0M | $443.0M |
| Dívida Total | $4.20B | $4.05B | $3.89B | $12.69B | $12.78B | $12.58B | $4.44B | $4.35B | $4.28B | $4.52B |
| Dívida Líquida | $3.94B | $3.37B | $2.83B | $11.36B | $11.52B | $11.76B | $3.56B | $3.69B | $3.58B | $3.65B |
| Capital de Giro | $268.6M | $988.4M | $1.21B | $1.78B | $2.18B | $1.27B | $1.07B | $372.0M | $880.0M | $997.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $526.0M | $866.0M | $844.0M | $604.0M |
| Ativos Totais | $5.57B | $5.95B | $5.78B | $5.48B |
| Passivos Totais | $5.29B | $5.58B | $5.38B | $5.18B |
| Patrimônio Líquido | $347.0M | $443.0M | $467.0M | $380.0M |
| Dívida Total | $4.24B | $4.52B | $4.51B | $4.19B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $250.8M | $594.1M | $346.0M | $105.0M | -$2.43B | -$326.0M | $2.70B | -$279.0M | $319.0M | -$99.0M |
| Depreciação e Amortização | $282.3M | $275.9M | $280.1M | $1.06B | $1.75B | $2.94B | $647.0M | $271.0M | $250.0M | $145.0M |
| Compensação em Ações | $16.9M | $15.9M | $26.5M | $33.0M | $52.0M | $60.0M | $50.0M | $45.0M | $51.0M | $51.0M |
| Variação Capital de Giro | -$105.3M | -$171.3M | -$82.2M | $155.0M | $90.0M | -$311.0M | -$53.0M | $381.0M | -$581.0M | -$85.0M |
| Fluxo de Caixa Operacional | $591.8M | $431.1M | $647.4M | $916.0M | $1.55B | $327.0M | $799.0M | $235.0M | $98.0M | $189.0M |
| CapEx | -$94.5M | -$83.8M | -$105.1M | -$156.0M | -$157.0M | -$80.0M | -$105.0M | -$92.0M | -$84.0M | -$74.0M |
| Aquisições | -$477.1M | -$326.4M | -$35.8M | -$9.00B | -$16.0M | -$4.0M | -$315.0M | 0 | 0 | -$29.0M |
| Recompra de Ações | -$136.3M | -$30.0M | -$221.0M | -$145.0M | -$343.0M | -$61.0M | -$120.0M | -$153.0M | 0 | 0 |
| Dividendos Pagos | -$65.9M | -$71.4M | -$74.6M | -$106.0M | -$99.0M | -$65.0M | -$77.0M | -$65.0M | -$66.0M | -$69.0M |
| Fluxo de Caixa Livre | $497.3M | $347.3M | $542.4M | $760.0M | $1.39B | $247.0M | $694.0M | $143.0M | $14.0M | $115.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$36.0M | $98.0M | $43.0M | $66.0M |
| CapEx | -$22.0M | -$19.0M | -$15.0M | -$20.0M |
| Fluxo de Caixa Livre | -$58.0M | $79.0M | $28.0M | $46.0M |
| Dividendos Pagos | -$18.0M | -$17.0M | -$18.0M | -$18.0M |
| Compensação em Ações | $9.0M | $9.0M | 0 | $33.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -0.1% | +11.7% | +38.8% | +40.2% | +3.2% | -36.0% | -20.2% | +13.2% | -10.7% |
| Crescimento Lucro Líquido (anual) | | +134.8% | -40.8% | -86.2% | -5236.2% | +82.9% | +740.6% | -111.0% | +206.5% | -136.1% |
| Crescimento LPA (anual) | | +120.2% | -41.4% | -66.3% | -2749.1% | +81.7% | +780.1% | -111.9% | +205.4% | -134.2% |
| Variação de Ações (anual) | | +6.7% | +0.9% | -8.4% | -14.2% | -6.1% | -5.9% | -7.8% | +1.5% | +4.6% |
| Crescimento FCF (anual) | | -30.2% | +56.2% | +40.1% | +83.0% | -82.2% | +181.0% | -79.4% | -90.2% | +721.4% |
| Margem Bruta | 58.0% | 55.1% | 61.0% | 45.3% | 51.0% | 27.6% | 47.1% | 47.0% | 51.7% | 36.1% |
| Margem Operacional | 22.0% | 27.0% | 21.6% | 11.1% | -46.6% | 1.5% | 101.3% | -10.6% | 15.5% | 4.9% |
| Margem EBITDA | 36.3% | 41.1% | 32.2% | 21.4% | 38.2% | 11.6% | 24.0% | -1.9% | 26.7% | 17.8% |
| Margem Líquida | 9.0% | 21.1% | 11.2% | 1.1% | -40.6% | -6.7% | 67.5% | -9.3% | 8.7% | -3.5% |
| Margem FCF | 18.2% | 12.7% | 17.8% | 17.9% | 23.4% | 4.0% | 17.7% | 4.6% | 0.4% | 3.6% |
| Taxa Efetiva de Imposto | 32.8% | -14.5% | -11.5% | 47.8% | 22.9% | 34.7% | 25.3% | 56.2% | 19.2% | 35.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $5.27 | $3.45 | $5.33 | $8.16 | $17.40 | $3.29 | $9.82 | $2.20 | $0.21 | $1.66 |
| Dividendo por Ação | $0.70 | $0.71 | $0.73 | $1.14 | $1.24 | $0.87 | $1.09 | $1.00 | $1.00 | $1.00 |
| Ações em Circulação (Básicas) | $93.6M | $99.8M | $100.9M | $92.0M | $79.9M | $75.0M | $70.7M | $65.1M | $65.8M | $69.1M |
O que olhar em empresas de Communication Services
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 12.71% |
| Retorno sobre capital investido | 4.61% |
| Retorno sobre ativos | 0.95% |
| Margem bruta | 42.41% |
| Margem operacional | 6.82% |
| Margem líquida | 1.60% |
Saúde financeira
| Dívida / Patrimônio | 11.03 |
| Liquidez corrente | 1.94 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 12.73 | 6.56 | 7.79 | 29.25 | -1.05 | -4.79 | 0.41 | -2.91 | 3.43 | -9.50 |
| P/VP | 5.31 | 2.41 | 1.62 | 2.04 | -2.00 | -1.12 | 1.47 | 2.98 | 1.82 | 2.39 |
| P/V | 1.14 | 1.38 | 0.87 | 0.72 | 0.43 | 0.32 | 0.28 | 0.27 | 0.30 | 0.33 |
| Margem Bruta | 58.0% | 55.1% | 61.0% | 45.3% | 51.0% | 27.6% | 47.1% | 47.0% | 51.7% | 36.1% |
| Margem Operacional | 22.0% | 27.0% | 21.6% | 11.1% | -46.6% | 1.5% | 101.3% | -10.6% | 15.5% | 4.9% |
| Margem Líquida | 9.0% | 21.1% | 11.2% | 1.1% | -40.6% | -6.7% | 67.5% | -9.3% | 8.7% | -3.5% |