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Investment Highlights Market Valuation Price Chart Return vs. Risk About SIRI Interactive Breakdown Better Bets vs. SIRI Latest Trefis Analyses Trade Ideas 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 (10/27/2025): $21.4 | Market Cap: $7.2 Bil
Sector: Communication Services | Industry: Movies & Entertainment

Sirius XM (SIRI)

Market Price (10/27/2025): $21.4
Market Cap: $7.2 Bil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

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 -112%, 3Y Excs Rtn is -147%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 140%
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 4.0%, FCF Yield is 15%		  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 -25%
3 Low stock price volatility
Vol 12M is 44%		  
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 4.0%, FCF Yield is 15%
3 Low stock price volatility
Vol 12M is 44%
4 Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -147%
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 140%
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 -25%

Market Valuation & Key Metrics

SIRIS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)8.6
Rev Chg Q-1.8%6.4%
Rev Chg LTM-3.8%5.3%
Rev Chg 3Y Avg-1.3%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)1.9
CFO LTM ($ Bil)1.8
Net Inc LTM ($ Bil)-1.8
Op Mgn LTM22.3%18.7%
CFO/Rev LTM20.7%20.5%
Net Inc Mgn-20.5%12.7%
VALUATIONVERY LOW
P/S0.83.3
P/CFO4.116.1
P/FCF6.820.9
P/E-4.124.0
STABILITYVERY POOR
Debt/Equity1.410.21
Cash/Assets0.000.07

SIRI Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
SIRI Return-10%1%-3%-4%-59%-3%-66%
Peers Return3%248%-8%-28%-11%-9%91%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
SIRI Win Rate50%50%58%42%33%56% 
Peers Win Rate47%47%35%40%47%47% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
SIRI Max Drawdown-38%-9%-6%-41%-63%-14% 
Peers Max Drawdown-57%-6%-20%-39%-28%-20% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: OMC, NXST, AMC, SBGI, UONE. See SIRI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventSIRIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-50.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven101.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven65.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1217 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1508 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-98.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven7445.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2457 days1480 days

Compare to OMC, NXST, AMC, SBGI, UONE


In The Past

Sirius XM's stock fell -50.3% during the 2022 Inflation Shock from a high on 7/20/2023. A -50.3% loss requires a 101.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Sirius XM (SIRI)

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 (15.4%), DIS (5.0%), WMG (1.4%), LYV (-0.3%), FWONA (4.7%)
Rev Chg 3Y Avg-1.3%NFLX (11.4%), DIS (5.3%), WMG (3.7%), LYV (29.5%), FWONA (16.2%)
Op Mgn LTM22.3%NFLX (29.1%), NXST (22.7%)
CFO/Rev LTM20.7%NFLX (22.1%), NXST (26.0%), IMAX (28.9%), RSVR (26.5%), ZNB (27.9%)
FCF/Rev LTM12.4%NFLX (20.7%), FWONA (18.2%), TKO (18.2%), NXST (23.6%), IMAX (16.8%)
Total Yield-20.3%NFLX (2.2%), DIS (6.2%), WMG (1.1%), LYV (2.6%), FWONA (1.2%)
 SIRIBetter Performance than SIRI
MetricValueAll Other Sectors
Rev Chg LTM-3.8%NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg-1.3%NVDA (92.0%), AAPL (1.8%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM22.3%NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM20.7%NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM12.4%NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), AVGO (41.6%), V (56.8%)
Total Yield-20.3%NVDA (1.9%), AAPL (2.9%), MSFT (3.2%), AMZN (3.0%), AVGO (1.1%)
 Best Bets In Communication Services Sector
 SIRIMETA TTD MTCH GOOGL YELP NFLX CARG T NYT FOXA
What You Pay           
P/E-4.128.061.214.827.314.244.528.014.229.111.8
P/EBIT-4.524.753.79.722.511.636.219.47.122.37.7
What You Get           
Rev Chg Q-1.8%16.1%18.7%-0.0%13.8%3.7%17.2%7.0%3.5%9.7%6.3%
Rev Chg LTM-3.8%19.4%23.2%-0.6%13.1%5.4%15.4%4.8%1.5%7.8%16.6%
Rev Chg 3Y Avg-1.3%13.0%24.5%2.6%10.2%9.1%11.4%-14.1%0.6%7.0%5.7%
FCF/Rev 3Y Avg13.3%26.9%26.8%25.7%20.3%18.4%19.0%17.3%16.0%13.5%12.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Sirius XM Earnings Notes  
2How Low Can Sirius XM Stock Really Go?Return 
3Sirius XM vs Interactive Brokers: Which Is A Better Investment?Counter-Intuitive Comparisons 
4How Does SIRI Stack Up Against Its Peers?Peer Comparison 
5Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR, JEF   
6Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR   
7SIRI Dip Buy Analysis  
8Sirius XM During 2008 Recession vs. 2022 Inflation Shock: SIRI Stock Has 195% Upside If It Recovers To Pre-Inflation Shock Levels Actionable 
9Sirius XM (SIRI) Operating Cash Flow ComparisonFinancials 
10Sirius XM (SIRI) Net 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
8How Low Can Sirius XM Stock Really Go?
9Sirius XM vs Interactive Brokers: Which Is A Better Investment?
10How Does SIRI Stack Up Against Its Peers?
11Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR, JEF 
12Better Bet Than SIRI Stock: Pay Less Than Sirius XM To Get More From CHTR 
13SIRI Dip Buy Analysis
14Sirius XM During 2008 Recession vs. 2022 Inflation Shock: SIRI Stock Has 195% Upside If It Recovers To Pre-Inflation Shock Levels 
15Sirius XM (SIRI) Operating Cash Flow Comparison
16Sirius XM (SIRI) Net Income Comparison

Trade Ideas

Select past ideas related to SIRI. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		6.1%6.1%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-11.0%-11.0%-11.0%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		9.2%9.2%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-23.8%-23.8%-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.1%44.1%0.0%
SIRI_8312024_Dip_Buyer_ValueBuy08312024SIRISirius XMDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-28.3%-28.1%-42.7%
SIRI_2292024_Dip_Buyer_FCFYield02292024SIRISirius XMDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-25.0%-45.7%-54.3%
SIRI_8312023_Dip_Buyer_FCFYield08312023SIRISirius XMDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		1.5%-23.1%-41.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		6.1%6.1%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-11.0%-11.0%-11.0%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		9.2%9.2%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-23.8%-23.8%-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.1%44.1%0.0%
SIRI_8312024_Dip_Buyer_ValueBuy08312024SIRISirius XMDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-28.3%-28.1%-42.7%
SIRI_2292024_Dip_Buyer_FCFYield02292024SIRISirius XMDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-25.0%-45.7%-54.3%
SIRI_8312023_Dip_Buyer_FCFYield08312023SIRISirius XMDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		1.5%-23.1%-41.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1498.4%344.0%
2PRAXPraxis Precision Medicines253.2%126.1%
3NVTSNavitas Semiconductor116.1%294.1%
4SNDKSanDisk97.4% 
5UAMYUnited States Antimony90.3%578.5%
6GRALGRAIL85.2%400.8%
7BALYBallys82.9%6.8%
8ORKAOruka Therapeutics81.1%40.5%
9INBXInhibrx Biosciences79.9%272.0%
10CIFRCipher Mining77.2%345.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1VGVenture Global-35.7% 
2PMIPicard Medical-35.3%8328.6%
3SOCSable Offshore-33.7%-41.7%
4FWRDForward Air-28.9%-39.0%
5FLYFirefly Aerospace-28.5% 
6ITGRInteger-28.4%-45.0%
7USNAUsana Health Sciences-26.5%-42.0%
8HTZHertz Global-26.3%41.5%
9RCReady Capital-25.1%-50.3%
10ULHUniversal Logistics-24.8%-61.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Sirius XM

Financials

SIRIOMCNXSTAMCSBGIUONEMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Urban One 
Mkt Price21.4079.00190.722.6913.471.2717.43
Mkt Cap7.215.35.81.20.90.13.5
Rev LTM8,56516,0655,3164,9163,4814115,116
Op Inc LTM1,9112,1411,20910947561842
FCF LTM1,0611,6681,254-30646235762
FCF 3Y Avg1,1701,297992-48426120626
CFO LTM1,7761,8261,382-6053542958
CFO 3Y Avg1,8171,4111,142-25235145746

Growth & Margins

SIRIOMCNXSTAMCSBGIUONEMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Urban One 
Rev Chg LTM-3.8%4.1%6.6%9.4%8.1%-10.6%5.3%
Rev Chg 3Y Avg-1.3%4.0%3.2%8.2%-10.2%-4.3%1.0%
Rev Chg Q-1.8%4.0%-3.2%35.6%-5.4%-22.2%-2.5%
QoQ Delta Rev Chg LTM-0.5%1.0%-0.7%8.1%-1.3%-6.0%-0.6%
Op Mgn LTM22.3%13.3%22.7%2.2%13.6%14.8%14.2%
Op Mgn 3Y Avg21.9%14.1%20.8%-1.5%5.9%17.9%16.0%
QoQ Delta Op Mgn LTM-0.1%-0.6%-0.3%3.1%-0.8%-1.6%-0.5%
CFO/Rev LTM20.7%11.4%26.0%-1.2%15.4%10.2%13.4%
CFO/Rev 3Y Avg20.6%9.1%21.9%-5.7%10.2%9.7%10.0%
FCF/Rev LTM12.4%10.4%23.6%-6.2%13.3%8.5%11.4%
FCF/Rev 3Y Avg13.3%8.4%19.0%-10.9%7.5%4.4%7.9%

Valuation

SIRIOMCNXSTAMCSBGIUONEMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Urban One 
Mkt Cap7.215.35.81.20.90.13.5
P/S0.81.01.10.20.30.10.6
P/EBIT-4.57.04.68.92.1-0.63.3
P/E-4.111.59.1-3.218.7-0.44.4
P/CFO4.18.44.2-19.61.81.42.9
Total Yield-20.3%12.3%14.8%-31.2%12.5%-276.5%-4.0%
Dividend Yield4.0%3.6%3.8%0.0%7.1%0.0%3.7%
FCF Yield 3Y Avg11.0%7.6%17.9%-21.1%28.1%17.2%14.1%
D/E1.40.51.17.14.59.23.0
Net D/E1.40.21.16.73.97.72.6

Returns

SIRIOMCNXSTAMCSBGIUONEMedian
NameSirius XMOmnicom Nexstar .AMC Ente.Sinclair Urban One 
1M Rtn-5.7%2.5%-3.6%-6.9%-8.9%-12.1%-6.3%
3M Rtn-8.1%4.2%1.5%-17.2%-8.1%-29.6%-8.1%
6M Rtn1.3%7.4%27.8%-0.7%-5.6%-8.9%0.3%
12M Rtn-15.1%-18.6%16.4%-37.7%-12.3%-6.3%-13.7%
3Y Rtn-63.3%22.6%20.0%-95.3%-39.6%-78.3%-51.4%
1M Excs Rtn-7.2%1.3%-6.6%-7.8%-10.6%-14.3%-7.5%
3M Excs Rtn-13.9%0.5%-5.8%-19.8%-13.6%-37.0%-13.7%
6M Excs Rtn-21.6%-15.5%4.9%-23.7%-28.6%-31.9%-22.7%
12M Excs Rtn-33.7%-35.1%0.7%-54.1%-29.9%-21.6%-31.8%
3Y Excs Rtn-147.2%-56.3%-66.7%-178.8%-123.4%-160.4%-135.3%

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 9/30/2025

 1M2M3M6M1Y3Y
Beta1.300.901.200.941.050.98
Up Beta0.520.550.870.770.780.73
Down Beta0.32-1.49-0.011.080.970.92
Up Capture87%179%138%92%147%73%
Bmk +ve Days13233574144420
Stock +ve Days9233370132355
Down Capture247%142%198%116%126%107%
Bmk -ve Days8192952107330
Stock -ve Days11183054116374

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

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity24,831,379
Short Interest: % Change Since 9302025-6.6%
Average Daily Volume3,394,452
Days-to-Cover Short Interest7.32
Basic Shares Quantity338,000,000
Short % of Basic Shares7.3%

Returns Analyses

Earnings Returns History

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 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

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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

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 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

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