Sirius XM Holdings Inc

NAS : SIRI
USA·Communication Services·Media - Diversified·Ordinary Shares
$26.97
+0.47 (+1.68%)Oct 16 close
Market Cap
$9.03B
Enterprise Value
$18.31B
P/E (TTM)
10.78
P/B
0.76
Net Cash / (Debt)
−$9.28B
52-Week Range
$20 — $33
5-Year Range
$19 — $78
Avg Volume (3M)
4.99M

Sirius XM Holdings

Sirius XM sells audio entertainment subscriptions, primarily in the US. Its core product is satellite radio, delivered through hardware installed in cars — automakers embed the receivers and offer trial subscriptions to new vehicle buyers, which is the main pipeline for paying subscribers. After the trial, users pay a monthly fee for largely ad-free listening across music, talk, sports, and exclusive content. The company owns and operates the satellites that carry this service and also offers a streaming version.

It also owns Pandora, a smaller ad-supported and subscription streaming music service that competes directly with Spotify and Apple Music.

Revenue comes mainly from subscriber fees (the bulk), with a smaller portion from advertising on Pandora and the free tiers. The business is heavily tied to new car sales and the conversion of trial users into paying subscribers.

Employees5,119IPOSep 13, 1994SIC7822HQ1221 Avenue of the Americas, 35th Floor, New York, NY, USA, 10020
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
47.4%
Operating Margin
22.5%
EBITDA Margin
26.2%
Net Margin
10.2%
OCF Margin
24.4%
FCF Margin
18.0%
Returns on Capital
ROE
7.6%
ROA
3.2%
ROIC
5.3%
ROCE
6.6%
ROC (Greenblatt)
71.9%
3Y ROIIC
−0.2%
Consistency
Years Profitable / 10Y
9

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
10.78
Forward P/E
8.98
P/E ex-NRI
8.69
Shiller P/E (CAPE)
16.63
Cash Flow Multiples
P/FCF
6.07
P/OCF
4.47
P/Owner Earnings
9.29
FCF Yield
17.04%
Enterprise Value Multiples
EV / EBIT
11.37
EV / Forward EBIT
9.90
EV / EBITDA
8.14
EV / Forward EBITDA
7.31
EV / Revenue
2.12
EV / Forward Revenue
2.13
Asset / Sales
P/S
1.09
P/B
0.76
P/Tangible Book
—
Growth-Adjusted
PEG
—

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
4.00%
Forward Dividend Yield
4.00%
3Y Dividend Growth
6.2%
Payout Ratio
0.35
5Y Yield on Cost
7.69%
Buybacks & Dilution
3Y Buyback Ratio
4.90%
5Y Share Change
−19.4%
Combined
Shareholder Yield
12.67%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.79
Gross Debt / EBITDA
4.20
Cash / Debt
0.02
Equity / Assets
0.44
Coverage
Interest Coverage
4.31
Short-Term Liquidity
Current Ratio
0.46
Quick Ratio
0.46
Cash Ratio
0.07
Composite Scores
Piotroski F-Score
7
Altman Z-Score
1.44

5-Step DuPont Analysis

ROE %
7.57%
Net Margin %
10.23%
Operating Margin %
22.53%
Operating Income
$1.94B
÷
Revenue
$8.60B
×
Tax Burden
0.7580
Net Income
$880M
÷
Pretax Income
$1.16B
×
Interest Burden
0.5991
Pretax Income
$1.16B
÷
Operating Income
$1.94B
×
Asset Turnover
0.32
Revenue
$8.60B
÷
Average Total Assets
$27.26B
Begin Total Assets
$27.33B
End Total Assets
$27.18B
×
Equity Multiplier
2.35
Avg Total Assets
$27.26B
÷
Avg Stockholders Equity
$11.62B
Begin Equity
$11.33B
End Equity
$11.91B
HolderShares% OwnedChg. shares
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VANGUARD PORTFOLIO MANAGEMENT LLC9.1M2.71%+377.9K
VANGUARD CAPITAL MANAGEMENT LLC8.4M2.51%+83.2K
Kontiki Capital Management (HK) Ltd.6.1M1.82%+386.1K
STATE STREET CORP6.0M1.79%+2.4M
Boston Partners5.1M1.52%new
Gates Capital Management, Inc.4.5M1.36%+1.8M
GEODE CAPITAL MANAGEMENT, LLC3.9M1.17%+194.8K
10 of 612
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InsiderShares held% Owned
BUFFETT WARREN E10% owner124.8M37.2811%
MAFFEI GREGORY BDirector5.4M1.6086%
Witz Jennifer COfficer382.0K0.1141%
Coughlin ZacharyOfficer299.4K0.0894%
Thorsen WayneOfficer214.6K0.0641%
Mothner EveOfficer174.5K0.0521%
BARRY THOMAS DOfficer163.6K0.0489%
MALONE EVAN DANIELDirector147.4K0.0440%
BAER RICHARD NOfficer144.0K0.0430%
MEYER JAMES EDirector——
10 of 20· 1 withheld
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Recent insider activity

through Sep 9, 2026
InsiderActionSharesDate
HARTENSTEIN EDDY WDirectorGift-8.2KSep 9, 2026
HARTENSTEIN EDDY WDirectorGift+8.2KSep 9, 2026
Zaslav DavidDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Witz Jennifer COfficerGrant/Award (Rule 16b-3(d))+1.4KAug 26, 2026
Sud AnjaliDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Stephenson DaveDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Salen KristinaDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Rapino MichaelDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Procope JonelleDirectorGrant/Award (Rule 16b-3(d))+60Aug 26, 2026
Mothner EveOfficerGrant/Award (Rule 16b-3(d))+1.5KAug 26, 2026
10 of 2,056
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