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
Sep '26
$2.2B
$317M
52.8%
22.2%
2.6%
1.2%
$291M
—
$210M
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
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 12.4× (Nov '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 1.2× (Nov '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?
Sirius Xm Holdings Inc.'s P/E (TTM) is 11.05 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SIRI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.