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Sirius XM SIRI Gross margin

Gross margin at other companies

Apple logo
AppleAAPL
47.9%+1.2pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$2.1B+1.1%
Gross profit$1.2B-2.8%
Operating income$454.0M+17.3%
Net income$245.0M+20.1%
EPS (diluted)$0.72+22.0%

Balance sheet

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Cash & equivalents$75.0M-40.9%
Total debt$9.8B-6.9%
Total equity$11.7B+4.6%
Total assets$27.1B-1.0%

Cash flow

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Operating cash flow$271.0M+12.0%
CapEx$105.0M-44.4%
Free cash flow$166.0M+213%

Valuation

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Market cap$9.44B+1.2%
Enterprise value$19.11B-3.2%
P/E11.2×
P/S1.1×0.0×

Profitability

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Operating margin17.9%
Net margin9.9%
FCF margin15.8%+4.5pp

Returns & leverage

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Return on equity7.4%
Debt / equity0.8×-0.1×
Current ratio0.4×0.0×

Where this comes from

Calculated from Sirius XM’s reported figures.

Based on trailing twelve months.

The official record: Sirius XM’s 10-Q, filed July 31, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sirius XM's gross margin?
Sirius XM (SIRI) reported gross margin of 53.5% in Q2 2024.
How has Sirius XM's gross margin changed year-over-year?
Sirius XM's gross margin decreased by 0.5% year-over-year, from 53.8% to 53.5%.
What is the long-term trend for Sirius XM's gross margin?
Over 3 years (2020 to 2023), Sirius XM's gross margin has grown at a -1.3% compound annual growth rate (CAGR), from 55.6% to 53.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.