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

SIRIUS XM HOLDINGS INC. is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.6× BNY Mellon). BNY Mellon runs the higher net margin — 108.5% vs 4.5%, a 104.0% gap on every dollar of revenue. On growth, BNY Mellon posted the faster year-over-year revenue change (12.7% vs 0.2%). BNY Mellon produced more free cash flow last quarter ($4.7B vs $536.0M). Over the past eight quarters, BNY Mellon's revenue compounded faster (13.8% CAGR vs 0.7%).

The Bank of New York Mellon Corporation, commonly known as BNY or by its prior brand name BNY Mellon, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation.

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".

BK vs SIRI — Head-to-Head

Bigger by revenue
SIRI
SIRI
1.6× larger
SIRI
$2.2B
$1.3B
BK
Growing faster (revenue YoY)
BK
BK
+12.5% gap
BK
12.7%
0.2%
SIRI
Higher net margin
BK
BK
104.0% more per $
BK
108.5%
4.5%
SIRI
More free cash flow
BK
BK
$4.2B more FCF
BK
$4.7B
$536.0M
SIRI
Faster 2-yr revenue CAGR
BK
BK
Annualised
BK
13.8%
0.7%
SIRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BK
BK
SIRI
SIRI
Revenue
$1.3B
$2.2B
Net Profit
$1.5B
$99.0M
Gross Margin
53.1%
Operating Margin
10.3%
Net Margin
108.5%
4.5%
Revenue YoY
12.7%
0.2%
Net Profit YoY
26.5%
-55.4%
EPS (diluted)
$2.01
$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
BK
BK
SIRI
SIRI
Q4 25
$1.3B
$2.2B
Q3 25
$1.2B
$2.2B
Q2 25
$1.2B
$2.1B
Q1 25
$1.2B
$2.1B
Q4 24
$1.2B
$2.2B
Q3 24
$1.0B
$2.2B
Q2 24
$1.0B
$2.2B
Q1 24
$1.0B
$2.2B
Net Profit
BK
BK
SIRI
SIRI
Q4 25
$1.5B
$99.0M
Q3 25
$1.4B
$297.0M
Q2 25
$1.4B
$205.0M
Q1 25
$1.2B
$204.0M
Q4 24
$1.2B
$222.0M
Q3 24
$1.2B
$-2.5B
Q2 24
$1.2B
$304.0M
Q1 24
$1.0B
$265.0M
Gross Margin
BK
BK
SIRI
SIRI
Q4 25
53.1%
Q3 25
52.2%
Q2 25
52.4%
Q1 25
52.0%
Q4 24
52.9%
Q3 24
53.2%
Q2 24
53.5%
Q1 24
52.5%
Operating Margin
BK
BK
SIRI
SIRI
Q4 25
10.3%
Q3 25
22.8%
Q2 25
17.1%
Q1 25
18.7%
Q4 24
20.2%
Q3 24
-133.6%
Q2 24
23.2%
Q1 24
20.2%
Net Margin
BK
BK
SIRI
SIRI
Q4 25
108.5%
4.5%
Q3 25
116.9%
13.8%
Q2 25
118.3%
9.6%
Q1 25
105.3%
9.9%
Q4 24
96.7%
10.1%
Q3 24
112.8%
-113.1%
Q2 24
113.4%
14.0%
Q1 24
98.6%
12.3%
EPS (diluted)
BK
BK
SIRI
SIRI
Q4 25
$2.01
$0.23
Q3 25
$1.88
$0.84
Q2 25
$1.93
$0.57
Q1 25
$1.58
$0.59
Q4 24
$1.53
$2.45
Q3 24
$1.50
$-8.74
Q2 24
$1.52
$0.08
Q1 24
$1.25
$0.07

Balance Sheet & Financial Strength

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

Metric
BK
BK
SIRI
SIRI
Cash + ST InvestmentsLiquidity on hand
$5.1B
$94.0M
Total DebtLower is stronger
$31.9B
$8.6B
Stockholders' EquityBook value
$44.3B
$11.6B
Total Assets
$472.3B
$27.2B
Debt / EquityLower = less leverage
0.72×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BK
BK
SIRI
SIRI
Q4 25
$5.1B
$94.0M
Q3 25
$5.1B
$79.0M
Q2 25
$5.7B
$92.0M
Q1 25
$5.4B
$127.0M
Q4 24
$4.2B
$162.0M
Q3 24
$6.2B
$127.0M
Q2 24
$5.3B
$100.0M
Q1 24
$5.3B
$71.0M
Total Debt
BK
BK
SIRI
SIRI
Q4 25
$31.9B
$8.6B
Q3 25
$32.3B
$9.0B
Q2 25
$33.4B
$10.1B
Q1 25
$30.9B
$10.4B
Q4 24
$30.9B
$10.3B
Q3 24
$33.2B
$10.1B
Q2 24
$30.9B
$9.0B
Q1 24
$32.4B
$8.7B
Stockholders' Equity
BK
BK
SIRI
SIRI
Q4 25
$44.3B
$11.6B
Q3 25
$43.9B
$11.6B
Q2 25
$44.0B
$11.3B
Q1 25
$43.1B
$11.2B
Q4 24
$41.3B
$11.1B
Q3 24
$42.0B
$10.9B
Q2 24
$40.8B
$-2.1B
Q1 24
$40.6B
$-2.4B
Total Assets
BK
BK
SIRI
SIRI
Q4 25
$472.3B
$27.2B
Q3 25
$455.3B
$27.4B
Q2 25
$485.8B
$27.3B
Q1 25
$440.7B
$27.4B
Q4 24
$416.1B
$27.5B
Q3 24
$427.5B
$27.5B
Q2 24
$428.5B
$11.2B
Q1 24
$434.7B
$11.2B
Debt / Equity
BK
BK
SIRI
SIRI
Q4 25
0.72×
0.75×
Q3 25
0.74×
0.78×
Q2 25
0.76×
0.89×
Q1 25
0.72×
0.93×
Q4 24
0.75×
0.93×
Q3 24
0.79×
0.93×
Q2 24
0.76×
Q1 24
0.80×

Cash Flow & Capital Efficiency

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

Metric
BK
BK
SIRI
SIRI
Operating Cash FlowLast quarter
$5.2B
$680.0M
Free Cash FlowOCF − Capex
$4.7B
$536.0M
FCF MarginFCF / Revenue
352.8%
24.4%
Capex IntensityCapex / Revenue
32.4%
6.6%
Cash ConversionOCF / Net Profit
3.55×
6.87×
TTM Free Cash FlowTrailing 4 quarters
$5.2B
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BK
BK
SIRI
SIRI
Q4 25
$5.2B
$680.0M
Q3 25
$-1.1B
$430.0M
Q2 25
$2.2B
$546.0M
Q1 25
$412.0M
$242.0M
Q4 24
$1.6B
$679.0M
Q3 24
$-312.0M
$240.0M
Q2 24
$2.1B
$514.0M
Q1 24
$-2.7B
$308.0M
Free Cash Flow
BK
BK
SIRI
SIRI
Q4 25
$4.7B
$536.0M
Q3 25
$-1.5B
$255.0M
Q2 25
$1.8B
$401.0M
Q1 25
$92.0M
$53.0M
Q4 24
$1.1B
$514.0M
Q3 24
$-687.0M
$24.0M
Q2 24
$1.7B
$341.0M
Q1 24
$-3.0B
$134.0M
FCF Margin
BK
BK
SIRI
SIRI
Q4 25
352.8%
24.4%
Q3 25
-121.5%
11.8%
Q2 25
152.8%
18.8%
Q1 25
7.9%
2.6%
Q4 24
95.2%
23.5%
Q3 24
-65.6%
1.1%
Q2 24
169.6%
15.7%
Q1 24
-286.4%
6.2%
Capex Intensity
BK
BK
SIRI
SIRI
Q4 25
32.4%
6.6%
Q3 25
35.4%
8.1%
Q2 25
29.8%
6.8%
Q1 25
27.6%
9.1%
Q4 24
34.6%
7.5%
Q3 24
35.8%
9.9%
Q2 24
37.1%
7.9%
Q1 24
28.7%
8.0%
Cash Conversion
BK
BK
SIRI
SIRI
Q4 25
3.55×
6.87×
Q3 25
-0.74×
1.45×
Q2 25
1.54×
2.66×
Q1 25
0.34×
1.19×
Q4 24
1.34×
3.06×
Q3 24
-0.26×
Q2 24
1.82×
1.69×
Q1 24
-2.61×
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BK
BK

Segment breakdown not available.

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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