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Side-by-side financial comparison of Amrize Ltd (AMRZ) and SIRIUS XM HOLDINGS INC. (SIRI). Click either name above to swap in a different company.

Amrize Ltd is the larger business by last-quarter revenue ($3.7B vs $2.2B, roughly 1.7× SIRIUS XM HOLDINGS INC.). Amrize Ltd runs the higher net margin — 14.8% vs 4.5%, a 10.3% gap on every dollar of revenue. On growth, Amrize Ltd posted the faster year-over-year revenue change (6.6% vs 0.2%). Amrize Ltd produced more free cash flow last quarter ($669.0M vs $536.0M).

Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. The Holcim brand remained active within the group when the merger was completed.

XM Satellite Radio Holdings Inc. (XM) was one of the three satellite radio (SDARS) and online radio services in the United States and Canada, operated by Sirius XM Holdings. It provided pay-for-service radio, analogous to subscription cable television. Its service included 73 different music channels, 39 news, sports, talk and entertainment channels, 21 regional traffic and weather channels, and 23 play-by-play sports channels. XM channels were identified by Arbitron with the label "XM".

AMRZ vs SIRI — Head-to-Head

Bigger by revenue
AMRZ
AMRZ
1.7× larger
AMRZ
$3.7B
$2.2B
SIRI
Growing faster (revenue YoY)
AMRZ
AMRZ
+6.4% gap
AMRZ
6.6%
0.2%
SIRI
Higher net margin
AMRZ
AMRZ
10.3% more per $
AMRZ
14.8%
4.5%
SIRI
More free cash flow
AMRZ
AMRZ
$133.0M more FCF
AMRZ
$669.0M
$536.0M
SIRI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AMRZ
AMRZ
SIRI
SIRI
Revenue
$3.7B
$2.2B
Net Profit
$545.0M
$99.0M
Gross Margin
29.6%
53.1%
Operating Margin
21.2%
10.3%
Net Margin
14.8%
4.5%
Revenue YoY
6.6%
0.2%
Net Profit YoY
-1.4%
-55.4%
EPS (diluted)
$0.98
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$2.2B
Q3 25
$3.7B
$2.2B
Q2 25
$3.2B
$2.1B
Q1 25
$2.1B
Q4 24
$2.2B
Q3 24
$3.4B
$2.2B
Q2 24
$3.2B
$2.2B
Q1 24
$2.2B
Net Profit
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$99.0M
Q3 25
$545.0M
$297.0M
Q2 25
$429.0M
$205.0M
Q1 25
$204.0M
Q4 24
$222.0M
Q3 24
$553.0M
$-2.5B
Q2 24
$474.0M
$304.0M
Q1 24
$265.0M
Gross Margin
AMRZ
AMRZ
SIRI
SIRI
Q4 25
53.1%
Q3 25
29.6%
52.2%
Q2 25
30.0%
52.4%
Q1 25
52.0%
Q4 24
52.9%
Q3 24
30.2%
53.2%
Q2 24
30.2%
53.5%
Q1 24
52.5%
Operating Margin
AMRZ
AMRZ
SIRI
SIRI
Q4 25
10.3%
Q3 25
21.2%
22.8%
Q2 25
20.8%
17.1%
Q1 25
18.7%
Q4 24
20.2%
Q3 24
24.5%
-133.6%
Q2 24
23.3%
23.2%
Q1 24
20.2%
Net Margin
AMRZ
AMRZ
SIRI
SIRI
Q4 25
4.5%
Q3 25
14.8%
13.8%
Q2 25
13.3%
9.6%
Q1 25
9.9%
Q4 24
10.1%
Q3 24
16.0%
-113.1%
Q2 24
14.6%
14.0%
Q1 24
12.3%
EPS (diluted)
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$0.23
Q3 25
$0.98
$0.84
Q2 25
$0.78
$0.57
Q1 25
$0.59
Q4 24
$2.45
Q3 24
$1.00
$-8.74
Q2 24
$0.86
$0.08
Q1 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMRZ
AMRZ
SIRI
SIRI
Cash + ST InvestmentsLiquidity on hand
$826.0M
$94.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$12.9B
$11.6B
Total Assets
$24.0B
$27.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$94.0M
Q3 25
$826.0M
$79.0M
Q2 25
$601.0M
$92.0M
Q1 25
$127.0M
Q4 24
$162.0M
Q3 24
$127.0M
Q2 24
$100.0M
Q1 24
$71.0M
Total Debt
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$8.6B
Q3 25
$9.0B
Q2 25
$10.1B
Q1 25
$10.4B
Q4 24
$10.3B
Q3 24
$10.1B
Q2 24
$9.0B
Q1 24
$8.7B
Stockholders' Equity
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$11.6B
Q3 25
$12.9B
$11.6B
Q2 25
$12.4B
$11.3B
Q1 25
$11.2B
Q4 24
$11.1B
Q3 24
$9.8B
$10.9B
Q2 24
$9.3B
$-2.1B
Q1 24
$-2.4B
Total Assets
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$27.2B
Q3 25
$24.0B
$27.4B
Q2 25
$23.8B
$27.3B
Q1 25
$27.4B
Q4 24
$27.5B
Q3 24
$27.5B
Q2 24
$11.2B
Q1 24
$11.2B
Debt / Equity
AMRZ
AMRZ
SIRI
SIRI
Q4 25
0.75×
Q3 25
0.78×
Q2 25
0.89×
Q1 25
0.93×
Q4 24
0.93×
Q3 24
0.93×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMRZ
AMRZ
SIRI
SIRI
Operating Cash FlowLast quarter
$854.0M
$680.0M
Free Cash FlowOCF − Capex
$669.0M
$536.0M
FCF MarginFCF / Revenue
18.2%
24.4%
Capex IntensityCapex / Revenue
5.0%
6.6%
Cash ConversionOCF / Net Profit
1.57×
6.87×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$680.0M
Q3 25
$854.0M
$430.0M
Q2 25
$546.0M
Q1 25
$242.0M
Q4 24
$679.0M
Q3 24
$240.0M
Q2 24
$514.0M
Q1 24
$308.0M
Free Cash Flow
AMRZ
AMRZ
SIRI
SIRI
Q4 25
$536.0M
Q3 25
$669.0M
$255.0M
Q2 25
$401.0M
Q1 25
$53.0M
Q4 24
$514.0M
Q3 24
$24.0M
Q2 24
$341.0M
Q1 24
$134.0M
FCF Margin
AMRZ
AMRZ
SIRI
SIRI
Q4 25
24.4%
Q3 25
18.2%
11.8%
Q2 25
18.8%
Q1 25
2.6%
Q4 24
23.5%
Q3 24
1.1%
Q2 24
15.7%
Q1 24
6.2%
Capex Intensity
AMRZ
AMRZ
SIRI
SIRI
Q4 25
6.6%
Q3 25
5.0%
8.1%
Q2 25
6.8%
Q1 25
9.1%
Q4 24
7.5%
Q3 24
9.9%
Q2 24
7.9%
Q1 24
8.0%
Cash Conversion
AMRZ
AMRZ
SIRI
SIRI
Q4 25
6.87×
Q3 25
1.57×
1.45×
Q2 25
2.66×
Q1 25
1.19×
Q4 24
3.06×
Q3 24
Q2 24
1.69×
Q1 24
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMRZ
AMRZ

Building Materials$2.8B75%
Building Envelope$901.0M25%
Equity Method Investee$5.0M0%

SIRI
SIRI

Subscription And Circulation$1.6B74%
Advertising$491.0M22%
Cost Of Sales Equipment Products And Services$48.0M2%
Other Revenue$28.0M1%

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