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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. SIRI Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Sirius XM (SIRI)

Market Price (9/17/2025): $23.3 | Market Cap: $7.9 Bil
Sector: Communication Services | Industry: Movies & Entertainment

Sirius XM (SIRI)

Market Price (9/17/2025): $23.3
Market Cap: $7.9 Bil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22%		 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -123%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 128%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%		  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -1.8%
2 Attractive yield
Dividend Yield is 3.7%, FCF Yield is 13%		  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%
3 Low stock price volatility
Vol 12M is 45%		  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Attractive yield
Dividend Yield is 3.7%, FCF Yield is 13%
3 Low stock price volatility
Vol 12M is 45%
4 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -123%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 128%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -1.8%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%

Market Valuation

 9/17/252024202320222021
Share Price CYE$23.30$22.00$53.49$55.88$57.74
Market Cap CYE ($ Bil)7.97.518.121.723.0
Total Debt ($ Bil)10.210.411.29.89.2
Total Cash ($ Bil)0.10.20.30.10.2
Enterprise Value ($ Bil)18.017.929.331.532.2
Valuation Ratios     
P/S TTM0.90.92.12.23.0
P/EBIT TTM-4.9-5.610.610.213.3
P/E TTM-4.5-4.623.622.319.6
Sector Ratios     
P/S TTM (Sector)1.11.01.11.22.0
P/EBIT TTM (Sector)1.10.8-0.11.13.2
P/E TTM (Sector)-0.7-0.6-0.6-0.31.7
 9/17/2520242023
Share Price CYE$23.30$22.00$53.49
Market Cap CYE ($ Bil)7.97.518.1
Total Debt ($ Bil)10.210.411.2
Total Cash ($ Bil)0.10.20.3
Enterprise Value ($ Bil)18.017.929.3
Valuation Ratios   
P/S TTM0.90.92.1
P/EBIT TTM-4.9-5.610.6
P/E TTM-4.5-4.623.6
Sector Ratios   
P/S TTM (Sector)1.11.01.1
P/EBIT TTM (Sector)1.10.8-0.1
P/E TTM (Sector)-0.7-0.6-0.6

Market Cap Chart

Business Description

Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
SIRI Return-10%1%-3%-4%-59%6%-63%
Peers Return-6%248%-18%-13%18%5%188%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: OMC, NXST, AMC, SBGI, NFLX. See SIRI Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Interactive Breakdown

Sirius XM Interactive Breakdown Analysis

Better Bets than Sirius XM (SIRI)

 SIRIBetter Performance than SIRI
MetricValueIndustry (Movies & Entertainment)
Rev Chg LTM-3.8%NFLX (14.8%), DIS (5.0%), WMG (1.4%), LYV (-0.3%), FWONA (4.7%)
Rev Chg 3Y Avg-1.3%NFLX (10.5%), DIS (5.3%), WMG (3.7%), LYV (29.5%), FWONA (16.2%)
Op Mgn LTM22.3%NFLX (29.5%), NXST (22.7%)
CFO/Rev LTM20.7%NFLX (21.8%), NXST (26.0%), IMAX (21.2%), RSVR (26.5%), ZNB (27.9%)
FCF/Rev LTM12.4%NFLX (20.4%), FWONA (18.2%), TKO (18.2%), NXST (23.6%), ZNB (23.7%)
Total Yield-18.6%NFLX (2.0%), DIS (6.0%), WMG (1.1%), LYV (2.3%), FWONA (1.1%)
 SIRIBetter Performance than SIRI
MetricValueAll Other Sectors
Rev Chg LTM-3.8%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg-1.3%NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM22.3%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AVGO (39.0%), ORCL (31.5%)
CFO/Rev LTM20.7%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AVGO (42.4%), ORCL (36.3%)
FCF/Rev LTM12.4%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), AVGO (41.6%), V (56.8%)
Total Yield-18.6%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), AMZN (2.8%), AVGO (1.1%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Sirius XM Earnings Notes  
2Sirius XM vs Interactive Brokers: Which Is A Better Investment?Counter-Intuitive Comparisons 
3How Does SIRI Stack Up Against Its Peers?Peer Comparison 
4Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR, JEF   
5Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR   
6SIRI Dip Buy Analysis  
7Sirius XM During 2008 Recession vs. 2022 Inflation Shock: SIRI Stock Has 195% Upside If It Recovers To Pre-Inflation Shock Levels Actionable 
8Sirius XM (SIRI) Operating Cash Flow ComparisonFinancials 
9Sirius XM (SIRI) Net Income ComparisonFinancials 
10Sirius XM (SIRI) Operating Income ComparisonFinancials 
11ARTICLES  
12Now Is Not The Time To Buy Sirius XM Stock May 6th, 2025
13Down 50%, What’s Happening With Sirius Stock? February 20th, 2025
14How Sirius XM Stock Can Fall 50% January 10th, 2025
15Sirius Stock Down 50% This Year, What’s Happening? December 16th, 2024
16Where Is Sirius Stock Headed Post Reverse Stock Split? September 13th, 2024
Title
0DASHBOARDS
1Now Is Not The Time To Buy Sirius XM Stock
2Down 50%, What’s Happening With Sirius Stock?
3How Sirius XM Stock Can Fall 50%
4Sirius Stock Down 50% This Year, What’s Happening?
5Where Is Sirius Stock Headed Post Reverse Stock Split?
6ARTICLES
7Sirius XM Earnings Notes
8Sirius XM vs Interactive Brokers: Which Is A Better Investment?
9How Does SIRI Stack Up Against Its Peers?
10Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR, JEF 
11Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR 
12SIRI Dip Buy Analysis
13Sirius XM During 2008 Recession vs. 2022 Inflation Shock: SIRI Stock Has 195% Upside If It Recovers To Pre-Inflation Shock Levels 
14Sirius XM (SIRI) Operating Cash Flow Comparison
15Sirius XM (SIRI) Net Income Comparison
16Sirius XM (SIRI) Operating Income Comparison

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11963.5%11963.5%
2GIBOGIBO9734.4% 
3CHSNChanson International7565.0%-99.3%
4LNZALanzaTech Global7287.5%-86.0%
5QMMMQMMM3031.7%6775.0%
6OESXOrion Energy Systems1497.9%22.9%
7CURXCuranex Pharmaceuticals1401.6%1401.6%
8ENTOEntero Therapeutics565.6%117.6%
9PTNMPitanium553.2% 
10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-92.2%-95.0%
2STFSStar Fashion Culture-92.2%-97.8%
3ELPWElong Power-91.6%-76.7%
4NXTTNext Technology-89.6%-95.1%
5NAKAKindly MD-89.0% 
6BINIBollinger Innovations-88.9%-100.0%
7JEM707 Cayman-88.4%-98.2%
8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Sirius XM

Financials

SIRIOMCNXSTAMCSBGINFLXMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Netflix  
Mkt Price23.2976.90202.952.9013.941,200.5150.09
Mkt Cap7.915.06.11.31.0510.57.0
Rev LTM8,56515,9115,3164,9163,48141,6936,940
Op Inc LTM1,9112,2111,20910947512,3041,560
FCF LTM1,0611,7671,254-3064628,5011,158
FCF 3Y Avg1,1701,306992-4842616,5271,081
CFO LTM1,7761,9171,382-605359,0701,579
CFO 3Y Avg1,8171,4151,142-2523516,9501,279

Growth & Margins

SIRIOMCNXSTAMCSBGINFLXMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Netflix  
Rev Chg LTM-3.8%5.2%6.6%9.4%8.1%14.8%7.3%
Rev Chg 3Y Avg-1.3%3.7%3.2%8.2%-10.2%10.5%3.5%
Rev Chg Q-1.8%4.2%-3.2%35.6%-5.4%15.9%1.2%
QoQ Delta Rev Chg LTM-0.5%1.0%-0.7%8.1%-1.3%3.8%0.3%
Op Mgn LTM22.3%13.9%22.7%2.2%13.6%29.5%18.1%
Op Mgn 3Y Avg21.9%14.3%20.8%-1.5%5.9%23.6%17.6%
QoQ Delta Op Mgn LTM-0.1%-0.6%-0.3%3.1%-0.8%1.8%-0.2%
CFO/Rev LTM20.7%12.0%26.0%-1.2%15.4%21.8%18.1%
CFO/Rev 3Y Avg20.6%9.3%21.9%-5.7%10.2%18.6%14.4%
FCF/Rev LTM12.4%11.1%23.6%-6.2%13.3%20.4%12.8%
FCF/Rev 3Y Avg13.3%8.5%19.0%-10.9%7.5%17.5%10.9%

Valuation

SIRIOMCNXSTAMCSBGINFLXMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Netflix  
Mkt Cap7.915.06.11.31.0510.57.0
P/S0.90.91.20.30.312.20.9
P/EBIT-4.96.64.99.62.141.05.7
P/E-4.510.99.7-3.519.449.810.3
P/CFO4.47.84.4-21.11.856.34.4
Total Yield-18.6%12.9%13.9%-28.9%12.1%2.0%7.0%
Dividend Yield3.7%3.7%3.6%0.0%6.9%0.0%3.6%
FCF Yield 3Y Avg11.0%8.2%17.9%-21.1%28.1%2.0%9.6%
D/E1.30.51.06.64.40.01.2
Net D/E1.30.31.06.23.70.01.1

Returns

SIRIOMCNXSTAMCSBGINFLXMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Netflix  
1M Rtn1.1%1.7%-1.7%-3.3%-0.1%-3.1%-0.9%
3M Rtn10.0%12.1%23.6%-3.3%9.5%-1.7%9.7%
6M Rtn5.5%-3.8%18.6%-4.0%-9.7%29.1%0.9%
12M Rtn3.2%-20.7%27.1%-40.2%6.4%72.4%4.8%
3Y Rtn-59.1%28.0%19.5%-96.3%-37.5%399.9%-9.0%
1M Excs Rtn-1.3%-0.8%-4.1%-5.8%-2.5%-5.5%-3.3%
3M Excs Rtn-1.8%0.3%11.6%-16.9%-2.6%-11.5%-2.2%
6M Excs Rtn-12.8%-18.8%2.5%-20.1%-23.6%10.0%-15.8%
12M Excs Rtn-22.5%-36.7%13.7%-58.9%-3.5%56.7%-13.0%
3Y Excs Rtn-123.5%-40.6%-45.7%-159.1%-99.9%351.5%-72.8%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/31/20255/1/20251/30/202510/31/20248/1/20244/30/20242/1/202410/31/20238/1/20234/27/20232/2/202311/1/2022
Key Financials Quarterly            
Total Revenue2,1382,0682,1882,1712,1782,1622,2882,2712,2502,1442,2832,280
Ebitda511541645-2,720725604555703629561739614
Operating Income472435517487492441491534497444443536
Net Income205204287-2,45630419917223431023360247
EPS0.610.600.85-7.241.050.720.900.690.800.600.900.60
Key Financials TTM            
Total Revenue TTM8,5658,6058,6998,7998,8998,9718,9538,9488,9578,9609,0029,000
Ebitda TTM-1,023-809-746-8362,5872,4912,4482,6322,5432,5502,6482,523
Operating Income TTM1,9111,9311,9371,9111,9581,9631,9661,9181,9201,9201,9862,025
Net Income TTM-1,760-1,661-1,666-1,7819099159498378508329081,167
Growth Rates Quarterly            
Total Revenue Growth-1.8%-4.3%-4.4%-4.4%-3.2%0.8%0.2%-0.4%-0.1%-1.9%0.1%3.7%
EBITDA Growth-29.5%-10.4%16.2%-486.9%15.3%7.7%-24.9%14.5%-1.1%-14.9%20.4%-12.0%
Operating Income Growth-4.1%-1.4%5.3%-8.8%-1.0%-0.7%10.8%-0.4%0.0%-12.9%-8.1%0.6%
Net Income Growth-32.6%2.5%66.9%-1149.6%-1.9%-14.6%186.7%-5.3%6.2%-24.6%-81.2%-28.0%
Margins Quarterly            
EBITDA Margin23.9%26.2%29.5%-125.3%33.3%27.9%24.3%31.0%28.0%26.2%32.4%26.9%
Operating Income Margin22.1%21.0%23.6%22.4%22.6%20.4%21.5%23.5%22.1%20.7%19.4%23.5%
Net Income Margin9.6%9.9%13.1%-113.1%14.0%9.2%7.5%10.3%13.8%10.9%2.6%10.8%
Cash & Debt            
Total Cash92127162127100713065351535739
Total Debt10,19710,46610,37510,7269,3909,57711,1529,6859,7769,8719,82210,159
Net Debt / (Cash)10,10510,33910,21310,5999,2909,50610,8469,6329,7259,8189,76510,120
Cash Flows Quarterly            
FCF from Operations546242679309489264528500451350681412
Cash Flows TTM            
FCF from Operations TTM1,7761,7191,7411,5901,7811,7431,8291,9821,8941,9761,9811,927
Returns to Shareholders Quarterly            
Dividends92919217171717-1409494-99686
Share Repurchases45256-0-0-0-0751376248184
Return on Invested Capital (ROIC) Quarterly            
ROIC14.5%12.8%14.7%18.1%17.4%14.5%16.4%17.4%17.0%13.7%14.8%14.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM18.9%18.7%19.0%18.0%17.3%17.0%14.8%15.9%15.3%14.7%15.3%15.3%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Sirius XM6,8406,9056,6246,3426,187
Pandora and Off-platform2,1132,0982,0721,6981,607
Total8,9539,0038,6968,0407,794


Price Behavior

SIRI Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.791.081.280.971.050.97
Up Beta-0.111.201.480.790.830.74
Down Beta-1.79-0.880.531.091.050.91
Up Capture254%132%133%99%95%71%
Bmk +ve Days10223571142415
Stock +ve Days14233869130354
Down Capture87%208%156%113%127%106%
Bmk -ve Days11192754106334
Stock -ve Days7192556116374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity26,480,107
Short Interest: % Change Since 81520254.0%
Average Daily Volume3,088,635
Days-to-Cover Short Interest8.57
Basic Shares Quantity338,000,000
Short % of Basic Shares7.8%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/2025-7.9%-7.4%3.2%
5/1/2025-9.0%-1.3%2.5%
1/30/20255.8%18.1%11.9%
10/31/2024-2.7%-3.3%-0.6%
8/1/2024-6.4%-9.9%-4.7%
4/30/2024-7.3%0.3%-12.8%
2/1/20242.8%-0.4%-15.7%
10/31/20232.4%13.3%13.0%
...
SUMMARY STATS   
# Positive121211
# Negative9910
Median Positive2.5%4.2%6.4%
Median Negative-6.4%-3.3%-6.4%
Max Positive6.3%18.1%13.0%
Max Negative-9.6%-14.3%-27.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024130202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024430202410-Q 3/31/2024
12312023201202410-K 12/31/2023
93020231031202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022202202310-K 12/31/2022
93020221101202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021201202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0BERKSHIRE HATHAWAY INC 8042025Buy21.041,977,83741,620,8112,562,153,606Form
1Salen Kristina 6042025Sell21.281,65135,133462,244Form
2Salen Kristina 5292025Sell22.271,65136,768344,539Form
3BERKSHIRE HATHAWAY INC 2032025Buy22.79751,14117,118,7292,694,262,748Form
4BERKSHIRE HATHAWAY INC 12192024Buy22.131,440,00031,862,4482,521,220,835Form

External Quote Links


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