15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.3% per year over the past 5 years.
Net income has grown faster than revenue (43.8% vs 1.3% per year).
Operating margin has expanded, at 17.2% in the latest year.
Free cash flow has declined 5.7% per year over the past 5 years.
Financial health
Operating income covered interest expense 3.2× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$8.6B
$805M
52.4%
17.2%
7.0%
3.0%
$1.2B
—
$94M
2024
$8.7B
-$2.1B
53.1%
-17.4%
-18.7%
-7.5%
$1.0B
—
$162M
2023
$9.0B
$988M
53.5%
20.2%
9.8%
3.3%
$1.2B
—
$306M
2022
$9.0B
$1.1B
54.6%
21.3%
-33.4%
11.2%
$1.6B
—
$362M
2021
$8.7B
$1.3B
54.9%
23.2%
-51.0%
13.0%
$1.6B
—
$191M
2020
$8.0B
$131M
56.0%
10.7%
-5.7%
1.3%
$1.7B
—
$71M
2019
$7.8B
$914M
56.6%
21.1%
-124.2%
8.2%
$1.7B
—
$106M
2018
$5.8B
$1.2B
0.0%
29.9%
-64.7%
14.4%
$1.5B
—
$54M
2017
$5.4B
$648M
99.3%
30.2%
-42.6%
7.8%
$1.6B
—
$69M
2016
$5.0B
$746M
99.2%
28.5%
-94.2%
9.3%
$1.5B
—
$214M
2015
—
$510M
—
—
-306.2%
6.3%
—
—
$112M
2014
—
$493M
—
—
37.7%
5.9%
—
—
$148M
2013
—
$377M
—
—
13.7%
4.3%
—
—
$135M
2012
—
$3.5B
—
—
86.0%
38.4%
$709M
—
$521M
2011
—
$427M
—
—
60.6%
5.7%
$406M
$3.0B
$774M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$2.2B
$239M
53.0%
21.9%
2.0%
0.9%
$592M
—
$174M
Mar '26
$2.1B
$245M
52.8%
21.7%
2.1%
0.9%
$166M
—
$75M
Dec '25
$2.2B
$99M
53.0%
10.3%
0.9%
0.4%
$536M
—
$94M
Sep '25
$2.2B
$297M
52.2%
22.8%
2.6%
1.1%
$255M
—
$79M
Jun '25
$2.1B
$205M
52.4%
17.1%
1.8%
0.8%
$401M
—
$92M
Mar '25
$2.1B
$204M
52.0%
18.7%
1.8%
0.7%
$53M
—
$127M
Dec '24
$2.2B
$287M
53.0%
23.1%
2.6%
1.0%
$514M
—
$162M
Sep '24
$2.2B
-$2.5B
53.2%
-133.6%
-22.6%
-8.9%
$93M
—
$127M
Jun '24
$2.2B
$304M
53.5%
21.6%
-14.4%
2.7%
$316M
—
$188M
Mar '24
$2.2B
$199M
52.5%
18.9%
-8.4%
1.8%
$90M
—
$135M
Dec '23
$2.3B
$172M
54.0%
19.9%
1.7%
0.6%
$399M
—
$306M
Sep '23
$2.3B
$234M
54.0%
23.2%
-8.1%
2.3%
$312M
—
$327M
Jun '23
$2.3B
$310M
53.3%
21.3%
-10.0%
3.1%
$323M
—
$51M
Mar '23
$2.1B
$233M
52.7%
19.2%
-7.1%
2.3%
$145M
—
$53M
Dec '22
$2.3B
$365M
54.4%
24.6%
-10.9%
3.6%
$529M
—
$362M
Sep '22
$2.3B
$247M
54.8%
20.5%
-6.8%
2.5%
$329M
—
$39M
Jun '22
$2.3B
$292M
54.1%
22.0%
-8.2%
2.8%
$434M
—
$126M
Mar '22
$2.2B
$309M
55.2%
23.3%
-8.6%
3.0%
$258M
—
$76M
Dec '21
$2.3B
$319M
54.6%
20.8%
-12.2%
3.1%
$483M
—
$191M
Sep '21
$2.2B
$343M
55.1%
28.6%
-13.4%
3.4%
$363M
—
$164M
Valuation over time
How the market has priced SIRI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 1.2× (Mar '23) to 12.5× (Sep '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 1.2× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SIRI growing its revenue and profit?
Over the past 5 years, Sirius Xm Holdings Inc.'s revenue has grown 1.3% per year, and net income grown 43.8% per year. These are computed facts, not advice.
How much debt does SIRI have?
As of FY2025, Sirius Xm Holdings Inc. reported — of total debt against $94M of cash; operating income covered interest expense 3.2×.
What is SIRI's profit margin?
In FY2025, gross margin was 52.4%, operating margin 17.2%, and net margin 9.4%.
What is SIRI's P/E ratio?
As of Sep '26, Sirius Xm Holdings Inc. traded at a price-to-earnings ratio of about 12.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.