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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sinclair's retained earnings for the quarter that ended in Jun. 2026 was $-263 Mil.
Sinclair's quarterly retained earnings
increased
from Dec. 2025 ($-171 Mil) to Mar. 2026 ($-169 Mil) but then
declined
from Mar. 2026 ($-169 Mil) to Jun. 2026 ($-263 Mil).
Sinclair's annual retained earnings
increased
from Dec. 2023 ($-234 Mil) to Dec. 2024 ($10 Mil) but then
declined
from Dec. 2024 ($10 Mil) to Dec. 2025 ($-171 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Sinclair Retained Earnings Historical Data
* Premium members only.
The historical data trend for Sinclair's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Sinclair (SBGI) has a Retained Earnings of $-263 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sinclair and its competitors.
Is Sinclair's Retained Earnings too high?
Sinclair's current Retained Earnings is $-263 Mil. Overall, Sinclair has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinclair's Retained Earnings compare to NMAX and IHRT?
Sinclair's Retained Earnings of $-263 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Media - Diversified company?
A good Retained Earnings depends on the Media - Diversified industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sinclair and its competitors. Sinclair's current Retained Earnings is $-263 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinclair stock overvalued right now?
Based on GuruFocus' analysis, Sinclair (SBGI) is currently considered Fairly Valued. The stock's GF Value™ is $13.30, compared to a current price of $14.58 — trading 9.6% above its estimated fair value. The current Retained Earnings is $-263 Mil. Sinclair's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Sinclair (SBGI), the current Retained Earnings is $-263 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sinclair (SBGI) Overvalued in 2026?
Based on GuruFocus' analysis, Sinclair stock appears to be overvalued.
The current stock price of $14.58 is trading 9.6% above its estimated GF Value™ of $13.30.
GuruFocus considers Sinclair to be Fairly Valued.
Key valuation signals for SBGI:
Retained Earnings: $-263 Mil
GF Value™: $13.30 vs. price of $14.58 (9.6% above fair value)
No single metric tells the full story. See the SBGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets, covering 40% of US households. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their premium sports content to pay-TV distributors.
62GF Score
Get the complete analysis for SBGI
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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