SiriusXM
SIRI Nasdaq· Broadcasting
Last close · Oct 26, 2026
$27.42
KIRA · Stoqly’s AI analyst, in plain words
- SiriusXM had $8.6B of revenue in fiscal 2025, down 1.6% on the year before. Over five years, revenue changed +1.3% a year on average.
- Its operating margin was 17.2%, up 34.6 pts: of every 100 in sales, about 17 is left after running the business.
- SiriusXM made $805M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 35.0% a year.
- Free cash flow was $1.2B in fiscal 2025, 14.6% of revenue.
- SiriusXM returned $501M to shareholders in fiscal 2025, 40% of free cash flow. The diluted share count rose 5.6%.
- SiriusXM owes $9.6B more than it holds in cash, about 5.1 years of operating profit.
Market cap
$9.4B
P/E
11.0x
Revenue
$8.6B
Net income
$805M
Free cash flow
$1.2B
Operating margin
17.2%
SiriusXM in 30 seconds · fiscal 2025
Are sales growing?
−1.6%
No. Sales fell 1.6% last year.
Does it make a profit?
9.4%
A little. It keeps 9.4% of every sale as profit.
Does profit turn into cash?
14.6%
Yes. 14.6% of sales ends up as free cash.
Is debt under control?
5.1x
Heavy. Repaying its debt would take 5.1 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
11.0x
One share costs 11.0 times its yearly profit per share. Typical for its sector: 17.3x.
What SiriusXM does
SiriusXM is an audio entertainment company in North America. It has two businesses. The SiriusXM business sells subscriptions to music, sports, entertainment, comedy, talk and news channels, podcasts and infotainment, including its satellite radio service. The Pandora and Off-platform business runs the Pandora music streaming service, which has an ad-supported tier and a premium tier, plus the SiriusXM Podcast Network and advertising technology such as AdsWizz. SiriusXM's main revenue is subscription fees, with most customers on monthly or annual plans. It also earns money from advertising on some channels, selling radios and accessories, and connected vehicle services for several automakers. As of December 31, 2025, it had approximately 32.9 million subscribers in the U.S. Pandora earns a majority of its revenue from advertisers on its ad-supported service and other platforms. The company says it reached a combined monthly audience of approximately 170 million listeners.
Biggest risks, in its own words
- Substantial competition that has increased over time, and changing listener habits and technology.
- A decline in SiriusXM subscribers, including fewer new car buyers converting trial subscriptions to paid ones.
- Its reliance on new and used car sales in the United States for subscription growth.
- Pandora's dependence on advertisers that have no long-term commitments and can end their contracts at any time.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 5, 2026
- Legal name
- SIRIUS XM HOLDINGS INC.
- CIK
- 0000908937
SiriusXM · SIRI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.7B | $9.0B | $9.0B | $8.7B | $8.6B |
| Revenue growth | 8.2% | 3.5% | −0.6% | −2.8% | −1.6% |
| Gross margin | 54.9% | 54.6% | 53.5% | 53.1% | 52.4% |
| Operating margin | 23.2% | 21.3% | 20.2% | −17.4% | 17.2% |
| Net income | $1.3B | $908M | $786M | −$1.7B | $805M |
| Net margin | 15.1% | 10.1% | 8.8% | −19.1% | 9.4% |
| Diluted EPS | $0.32 | $2.96 | $2.77 | −$6.14 | $2.23 |
| Cash | |||||
| Cash from operations | $2.0B | $2.0B | $1.8B | $1.7B | $1.9B |
| Capital expenditure | $388M | $426M | $650M | $728M | $653M |
| Free cash flow | $1.6B | $1.6B | $1.2B | $1.0B | $1.2B |
| FCF margin | 18.5% | 17.3% | 13.2% | 11.7% | 14.6% |
| Dividends paid | $268M | $249M | $65.0M | $143M | $365M |
| Share buybacks | $1.5B | $647M | $274M | $6.0M | $136M |
| Share count change | −6.5% | −91.1% | −1.6% | −6.6% | 5.6% |
| Debt and strength | |||||
| Cash and short-term investments | $191M | $362M | $306M | $162M | $94.0M |
| Debt incl. finance leases | $8.8B | $9.5B | $11.2B | $10.4B | $9.7B |
| Shareholders' equity | −$2.6B | −$3.4B | $10.1B | $11.1B | $11.6B |
| Net debt / EBITDA | 3.6x | 3.9x | 4.9x | — | 5.1x |
| Current ratio | 0.4x | 0.4x | 0.3x | 0.4x | 0.3x |
| Interest coverage | 4.9x | 4.6x | 4.3x | −3.1x | 3.2x |
| Returns and quality | |||||
| Return on capital | 12.4% | 6.7% | 6.5% | −5.3% | 5.3% |
| Return on equity | — | — | 23.4% | −15.7% | 7.1% |
| Piotroski F-score | 7 | 5 | 6 | 5 | 6 |
| Altman Z'' | 0.4 | −0.1 | 2.3 | 1.3 | 1.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.3M
3 insiders
Of sales under plans
13%
$0.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
SiriusXM · SIRI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| SiriusXM SIRI | $9.4B | −1.6% | 17.2% | 14.6% | 5.3% | 11.0x | 6 |
| Nexstar Media Group NXST | $5.1B | −8.5% | 17.2% | 15.0% | 5.6% | 31.3x | 5 |
| Fox FOXA | $28.7B | 5.1% | — | 8.6% | 14.8% | — | 6 |
| Warner Bros. Discovery WBD | $79.7B | −5.2% | 2.0% | 8.3% | 0.6% | — | 7 |
| News NWSA | $17.1B | 6.8% | — | 9.0% | 8.9% | — | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $27.42 a share, the company is worth $9.4B: 11.0 times its earnings of the last four quarters.
SiriusXM grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000908937). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.