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- Sirius XM
Sirius XM Valuation Multiples
Discover revenue and EBITDA valuation multiples for Sirius XM and similar public comparables like RTL Group, FUJI Media Holdings, NetEase Cloud Music, Bilibili and more.
Sirius XM Overview
About Sirius XM
SiriusXM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service that offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company provides the service via a fleet of geostationary satellites it owns and operates, and now offers a streaming SiriusXM option. Pandora, which accounts for a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants such as Spotify, Apple Music, and YouTube Music.
Founded
2013
HQ

Employees
5.1K
Website
Financials (LTM)
EV
$17B
Sirius XM Financials
Sirius XM reported last 12-month revenue of $9B and EBITDA of $3B.
In the same LTM period, Sirius XM generated $4B in gross profit, $3B in EBITDA, and $860M in net income.
Revenue (LTM)
Sirius XM P&L
In the most recent fiscal year, Sirius XM reported revenue of $9B and EBITDA of $3B.
Sirius XM expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $860M | XXX | $805M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Sirius XM Stock Performance
Sirius XM has current market cap of $7B, and enterprise value of $17B.
Market Cap Evolution
Sirius XM's stock price is $21.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $7B | 0.0% | XXX | XXX | XXX | $2.40 |
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Start Free TrialSirius XM Valuation Multiples
Sirius XM trades at 2.0x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
Sirius XM Financial Valuation Multiples
As of March 14, 2026, Sirius XM has market cap of $7B and EV of $17B.
Equity research analysts estimate Sirius XM's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Sirius XM has a P/E ratio of 8.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 6.4x | XXX | XXX | XXX |
| EV/EBIT | 10.9x | XXX | 8.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.8x | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 8.5x | XXX | 9.1x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 13.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sirius XM Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Sirius XM Margins & Growth Rates
Sirius XM's revenue in the last 12 month grew by 0%.
Sirius XM's revenue per employee in the last FY averaged $1.7M.
Sirius XM's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sirius XM's rule of X is 31% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Sirius XM Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | (2%) | XXX | (2%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sirius XM Public Comps
See public comps and valuation multiples for other Radio Broadcasting and Streaming comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| RTL Group | XXX | XXX | XXX | XXX | XXX | XXX |
| FUJI Media Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| NetEase Cloud Music | XXX | XXX | XXX | XXX | XXX | XXX |
| Bilibili | XXX | XXX | XXX | XXX | XXX | XXX |
| Tegna | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sirius XM M&A Activity
Sirius XM acquired XXX companies to date.
Last acquisition by Sirius XM was on XXXXXXXX, XXXXX. Sirius XM acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Sirius XM
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSirius XM Investment Activity
Sirius XM invested in XXX companies to date.
Sirius XM made its latest investment on XXXXXXXX, XXXXX. Sirius XM invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Sirius XM
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Sirius XM
| When was Sirius XM founded? | Sirius XM was founded in 2013. |
| Where is Sirius XM headquartered? | Sirius XM is headquartered in United States. |
| How many employees does Sirius XM have? | As of today, Sirius XM has over 5K employees. |
| Who is the CEO of Sirius XM? | Sirius XM's CEO is Jennifer C. Witz. |
| Is Sirius XM publicly listed? | Yes, Sirius XM is a public company listed on Nasdaq. |
| What is the stock symbol of Sirius XM? | Sirius XM trades under SIRI ticker. |
| When did Sirius XM go public? | Sirius XM went public in 1994. |
| Who are competitors of Sirius XM? | Sirius XM main competitors are RTL Group, FUJI Media Holdings, NetEase Cloud Music, Bilibili. |
| What is the current market cap of Sirius XM? | Sirius XM's current market cap is $7B. |
| What is the current revenue of Sirius XM? | Sirius XM's last 12 months revenue is $9B. |
| What is the current revenue growth of Sirius XM? | Sirius XM revenue growth (NTM/LTM) is 0%. |
| What is the current EV/Revenue multiple of Sirius XM? | Current revenue multiple of Sirius XM is 2.0x. |
| Is Sirius XM profitable? | Yes, Sirius XM is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Sirius XM? | Sirius XM's last 12 months EBITDA is $3B. |
| What is Sirius XM's EBITDA margin? | Sirius XM's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Sirius XM? | Current EBITDA multiple of Sirius XM is 6.4x. |
| What is the current FCF of Sirius XM? | Sirius XM's last 12 months FCF is $1B. |
| What is Sirius XM's FCF margin? | Sirius XM's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Sirius XM? | Current FCF multiple of Sirius XM is 13.1x. |
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