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Sirius XM Holdings Inc. is the product of a series of transactions that closed on September 9, 2024. The terms Sirius XM Holdings, the Company, us, we and our as used herein and unless otherwise stated or indicated by context, refer to Sirius XM Holdings Inc. and its subsidiaries.
17.19% operating margin is respectable but not wide. ROIC at 5.63%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.6% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $9.89B represents 7.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$8.56B
▼ -1.6% YoY
Net Income (TTM)
$805M
▲ +148.3% YoY
Op. Margin
17.19%
▲ +34.6pp YoY
ROIC
5.63%
▲ +13.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.25B
▲ +22.9% YoY
Op. Cash Flow (TTM)
$1.90B
▲ +9.0% YoY
Net Debt
$9.89B
Cash & Equiv.
$94M
5Y CAGR: +1.3%
5Y CAGR: -5.7%
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