Sinclair, Inc. (SBGI) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Communications · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $1.61 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 36.5% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 60.0% | What is left after maintaining the business. |
Spread between highest and lowest: 23 percentage points. Same filings, different denominators.
The arithmetic
- GAAP earnings — dividends declared per share $1.00 ÷ diluted EPS $-1.61
- Operating cash flow — dividends paid $69.0m ÷ operating cash flow $189.0m
- Free cash flow — dividends paid $69.0m ÷ (operating cash flow $189.0m − capex $74.0m)
Where the figures came from
- 10-K filed 2026-02-27 · accession
0001971213-26-000012
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($1.00); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.