Sirius XM Holdings Inc. (SIRI)

Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates through two segments, Sirius XM, and Pandora and Off-platform. The Sirius XM segment provides music, sports, entertainment, comedy, and talk and news channels, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment. This segment also distributes satellite radios through automakers and retailers, as well as its website; offers advertising other ancillary services; sells radios and accessories; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services, as well as data services related to graphical weather and fuel prices. In addition, this segment provides music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; music programming and commercial-free music services for office, restaurants, and other business; and wireless communications service. The Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York.

Symbol
SIRI
Exchange
Nasdaq
Sector
Communication Services
Industry
Entertainment
Market cap
$8.94B
52 week range
19.77 - 32.66

Valuation

Share price
$26.28 (close of 2026-09-23)
P/E (TTM)
10.16x
Price to book
0.75x
Price to free cash flow
5.77x
Enterprise value
$18.22B
Book value per share
$35.34

Price performance

PeriodChange
1 day-4.23%
5 days-10.98%
1 month-8.40%
3 months-6.41%
6 months+16.96%
Year to date+31.40%
1 year+14.01%
3 years-34.79%
5 years-56.49%
10 years-37.58%
All time-43.18%

Profitability and growth

Return on equity
6.96%
Return on invested capital
5.76%
Return on assets
2.96%
Return on capital employed
6.24%
Gross margin
52.44%
Net margin
9.41%
EBITDA margin
23.58%
Revenue growth
-1.62%
Net income growth
148.35%
Free cash flow growth
22.90%

Cash flow and balance sheet

Free cash flow yield (TTM)
17.33%
Current ratio
0.46x
Net debt to EBITDA
4.12x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$8.56B
Cost of revenue
$5.51B
Gross profit
$4.49B
EBITDA
$2.02B
Net income
$805.00M
Earnings per share
$2.38
Research and development
$263.00M
Shares outstanding
338.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$8.56B$4.49B$805.00M$2.38
2024-12-31$8.70B$4.62B$-1.67B$-6.14
2023-12-31$8.95B$4.79B$786.00M$2.91
2022-12-31$9.00B$4.92B$908.00M$3.22
2021-12-31$8.70B$4.77B$1.31B$3.20
2020-12-31$8.04B$4.50B$131.00M$0.30
2019-12-31$7.79B$4.41B$914.00M$2.00
2018-12-31$5.77B$2.69B$1.18B$2.60
2017-12-31$5.42B$5.39B$648.00M$1.40
2016-12-31$5.02B$4.98B$745.93M$1.50

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3152.44%9.41%6.96%5.76%
2024-12-3153.06%-19.14%-15.04%-7.13%
2023-12-3153.49%8.78%6.00%6.62%
2022-12-3154.64%10.09%7.34%7.10%
2021-12-3154.89%15.11%10.00%13.50%
2020-12-3156.03%1.63%-5.73%-
2019-12-3156.59%11.73%-124.18%-
2018-12-3146.58%20.38%-64.72%-
2017-12-3199.35%11.94%-42.58%-
2016-12-3199.19%14.87%-94.18%-

Cash and debt by year

Period endCash
2025-12-31$94.00M
2024-12-31$162.00M
2023-12-31$306.00M
2022-12-31$362.00M
2021-12-31$191.00M
2020-12-31$71.00M
2019-12-31$106.00M
2018-12-31$54.00M
2017-12-31$69.00M
2016-12-31$214.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.25B$179.00M
2024-12-31$1.01B$200.00M
2023-12-31$1.18B$203.00M
2022-12-31$1.55B$209.00M
2021-12-31$1.61B$202.00M
2020-12-31$1.67B$223.00M
2019-12-31$1.65B$250.00M
2018-12-31$1.52B$133.00M
2017-12-31$1.57B$124.00M
2016-12-31$1.51B$108.60M

Dividend history

Most recent payment
2026-08-10
Paid in the last twelve months
$1.08
Payment dateDividend per share
2026-08-10$0.27
2026-05-11$0.27
2026-02-11$0.27
2025-11-05$0.27
2025-08-08$0.27
2025-05-09$0.27
2025-02-07$0.27
2024-11-05$0.27

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$0.76

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$0.78
2026-04-30--
2026-02-05--
2025-10-30--
2025-07-31--
2025-05-01--
2025-01-30--
2024-10-31--

Filings and sources

Company website
siriusxm.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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