Saturday 17 October 2026
Export SIRI’s income statement to Excel — free account
Sirius XM Holdings Inc.
SIRI Communication Services Entertainment
Sirius XM Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, down 1.62% from fiscal 2024. In the quarter to June 2026, revenue grew 1.03%, EPS grew 16.4%, free cash flow grew 47.6% and total debt fell 7.28%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
26.97
0.18
−0.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 32.90 | 44.00 | 51.70 | 52.30 | 41.10 | 57.50 | 56.90 | 33.20 | 20.47 | 18.69 |
Analyst estimates 2026–2028 Powerpack |
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| High | 46.50 | 58.90 | 77.00 | 72.00 | 74.00 | 81.40 | 68.80 | 79.50 | 56.80 | 27.41 | |||||
| People | |||||||||||||||
| People | Employees | 2,402 | 2,575 | 2,699 | 4,534 | 5,726 | 5,590 | 5,869 | 5,680 | 5,515 | 5,119 | ||||
| Revenue/emp, $m | 2.09 | 2.11 | 2.14 | 1.72 | 1.40 | 1.56 | 1.53 | 1.58 | 1.58 | 1.67 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 5,017 | 5,425 | 5,771 | 7,794 | 8,040 | 8,696 | 9,003 | 8,953 | 8,699 | 8,558 | ||||
| Gross margin, % | 60.27 | 61.27 | 59.99 | 56.03 | 55.49 | 54.37 | 54.13 | 52.99 | 52.53 | 51.88 | |||||
| EBT | 1,092 | 1,264 | 1,421 | 1,197 | 430 | 1,526 | 1,486 | 1,210 | (1,865) | 1,056 | |||||
| EBT margin, % | 21.76 | 23.30 | 24.62 | 15.36 | 5.35 | 17.55 | 16.51 | 13.52 | (21.44) | 12.34 | |||||
| Net income | 746 | 648 | 1,176 | 914 | 131 | 1,314 | 1,118 | 988 | (2,075) | 805 | |||||
| Depreciation | 266 | 296 | 298 | 521 | 559 | 583 | 660 | 669 | 622 | 589 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 10.20 | 11.70 | 12.93 | 17.32 | 18.57 | 21.41 | 25.95 | 26.41 | 25.74 | 25.32 | ||||
| Earnings | 1.50 | 1.40 | 2.60 | 2.00 | 0.30 | 3.20 | 3.10 | 3.30 | (6.14) | 2.38 | |||||
| Cash flow | 3.50 | 4.00 | 4.21 | 4.48 | 4.66 | 4.92 | 5.71 | 5.40 | 5.15 | 5.62 | |||||
| Capex | (0.42) | (0.62) | (0.80) | (0.81) | (0.81) | (0.96) | (1.23) | (1.92) | (2.15) | (1.93) | |||||
| Free cash flow | 3.08 | 3.38 | 3.42 | 3.67 | 3.85 | 3.96 | 4.48 | 3.48 | 3.00 | 3.68 | |||||
| Book value | (1.61) | (3.29) | (4.07) | (1.64) | (5.28) | (6.46) | (9.66) | 38.65 | 32.76 | 34.21 | |||||
| Shares, m | 492 | 464 | 446 | 450 | 433 | 406 | 347 | 339 | 338 | 338 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 29.60 | 39.29 | 21.15 | 34.05 | 212.33 | 19.84 | 19.30 | 17.35 | 0.00 | 8.40 | ||||
| P/S | 4.35 | 4.45 | 4.41 | 4.13 | 3.43 | 2.97 | 2.23 | 2.08 | 0.89 | 0.79 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.42 | 0.70 | 0.58 | |||||
| EV/Sales | 5.47 | 5.69 | 5.60 | 5.12 | 4.48 | 3.97 | 3.28 | 3.29 | 2.06 | 1.91 | |||||
| EV/FCF | 18.15 | 19.67 | 21.19 | 24.14 | 21.59 | 21.42 | 18.96 | 24.98 | 17.69 | 13.15 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,719 | 1,856 | 1,880 | 2,017 | 2,018 | 1,998 | 1,981 | 1,829 | 1,741 | 1,898 | ||||
| Capex | (206) | (288) | (355) | (363) | (350) | (388) | (426) | (650) | (728) | (653) | |||||
| Free cash flow | 1,513 | 1,568 | 1,525 | 1,654 | 1,668 | 1,610 | 1,555 | 1,179 | 1,013 | 1,245 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (2,026) | (2,351) | (2,325) | (2,290) | (2,200) | (1,800) | (1,943) | (2,590) | (1,582) | (2,555) | ||||
| Total debt | 5,848 | 6,746 | 6,888 | 7,844 | 8,500 | 8,881 | 9,452 | 11,152 | 10,375 | 9,706 | |||||
| Net debt | 5,634 | 6,677 | 6,834 | 7,738 | 8,429 | 8,690 | 9,395 | 10,846 | 10,213 | 9,612 | |||||
| Shareholders’ equity | (792) | (1,524) | (1,817) | (736) | (2,285) | (2,625) | (3,351) | 13,102 | 11,074 | 11,563 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 9.29 | 7.93 | 14.25 | 9.46 | 1.22 | 12.75 | 8.95 | 3.92 | (5.78) | 2.94 | ||||
| ROIC | 18.48 | 19.90 | 21.51 | 14.70 | 8.73 | 20.76 | 19.84 | 4.72 | (4.45) | 4.34 | |||||
| ROE | (155.64) | (55.96) | (70.40) | (71.60) | (8.67) | (53.52) | (30.39) | 16.12 | (13.77) | 7.11 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Sirius XM Holdings Inc. vs peers in Entertainment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NWSA News Corporation | $16.9B | 29.2× | 21.9× | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | Compare |
| NWS News Corporation | $16.8B | 31.9× | — | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | Compare |
| WMG Warner Music Group Corp. | $16.1B | 24.5× | 21.1× | +10.36% (above 0%: growing) | n/m | +1,528.57% (above 0%: growing) | 45.82% | 16.36% | Compare |
| MSGS The Madison Square Garden Company | $9.7B | 1,273× | — (loss-making) | +36.67% (above 0%: growing) | n/m | +16.75% (above 0%: growing) | 42.77% | 11.53% | Compare |
| SIRI Sirius XM Holdings Inc. | $9.2B | 10.3× | 8.7× | +1.03% (above 0%: growing) | +16.39% (above 0%: growing) | +47.63% (above 0%: growing) | 52.41% | 21.85% | |
| LLYVK Liberty Live Holdings, Inc. | $9.1B | — (loss-making) | — | — | n/m | — | — | — | Compare |
| LLYVA Liberty Live Holdings, Inc. | $9.1B | — (loss-making) | — | — | n/m | — | — | — | Compare |
| SKYD Skydance Corporation | $8.2B | — (loss-making) | 9.3× | +0.93% (above 0%: growing) | −50.00% (below 0%: shrinking) | +126.32% (above 0%: growing) | 35.73% | 6.87% | Compare |
| CNK Cinemark Holdings Inc | $4.5B | 20.7× | 14.7× | +15.51% (above 0%: growing) | +46.34% (above 0%: growing) | +21.34% (above 0%: growing) | 42.97% | 21.45% | Compare |
| Median of peers | $9.4B | 29.2× | 17.9× | +10.81% | −62.40% | +442.85% | 44.40% | 12.62% |
Sirius XM Holdings Inc. (SIRI) key facts
- Concern: Sirius XM Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, down 1.62% from fiscal 2024.
- Sirius XM Holdings Inc. (SIRI) is an Entertainment company in the Communication Services sector, listed on Nasdaq.
- As of October 16, 2026, SIRI traded at $26.97, a market capitalization of $9.2 billion.
- Sirius XM Holdings Inc. pays an annual dividend of $1.08 per share, a yield of 4.00%, with a payout ratio of 43.2%.
- Return on equity was 7.11% and debt-to-equity 0.79.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.24 (distress zone) for fiscal 2025.