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Side-by-side financial comparison of Globe Life (GL) 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 $1.6B, roughly 1.4× Globe Life). Globe Life runs the higher net margin — 17.3% vs 4.5%, a 12.8% gap on every dollar of revenue. On growth, Globe Life posted the faster year-over-year revenue change (5.3% vs 0.2%). Over the past eight quarters, Globe Life's revenue compounded faster (4.1% CAGR vs 0.7%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

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".

GL vs SIRI — Head-to-Head

Bigger by revenue
SIRI
SIRI
1.4× larger
SIRI
$2.2B
$1.6B
GL
Growing faster (revenue YoY)
GL
GL
+5.1% gap
GL
5.3%
0.2%
SIRI
Higher net margin
GL
GL
12.8% more per $
GL
17.3%
4.5%
SIRI
Faster 2-yr revenue CAGR
GL
GL
Annualised
GL
4.1%
0.7%
SIRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GL
GL
SIRI
SIRI
Revenue
$1.6B
$2.2B
Net Profit
$270.5M
$99.0M
Gross Margin
53.1%
Operating Margin
10.3%
Net Margin
17.3%
4.5%
Revenue YoY
5.3%
0.2%
Net Profit YoY
6.3%
-55.4%
EPS (diluted)
$3.39
$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
GL
GL
SIRI
SIRI
Q1 26
$1.6B
Q4 25
$1.5B
$2.2B
Q3 25
$1.5B
$2.2B
Q2 25
$1.5B
$2.1B
Q1 25
$1.5B
$2.1B
Q4 24
$1.5B
$2.2B
Q3 24
$1.5B
$2.2B
Q2 24
$1.4B
$2.2B
Net Profit
GL
GL
SIRI
SIRI
Q1 26
$270.5M
Q4 25
$266.1M
$99.0M
Q3 25
$387.8M
$297.0M
Q2 25
$252.7M
$205.0M
Q1 25
$254.6M
$204.0M
Q4 24
$255.2M
$222.0M
Q3 24
$303.0M
$-2.5B
Q2 24
$258.4M
$304.0M
Gross Margin
GL
GL
SIRI
SIRI
Q1 26
Q4 25
53.1%
Q3 25
52.2%
Q2 25
52.4%
Q1 25
52.0%
Q4 24
52.9%
Q3 24
26.1%
53.2%
Q2 24
23.3%
53.5%
Operating Margin
GL
GL
SIRI
SIRI
Q1 26
Q4 25
21.7%
10.3%
Q3 25
31.5%
22.8%
Q2 25
21.2%
17.1%
Q1 25
21.4%
18.7%
Q4 24
21.3%
20.2%
Q3 24
26.3%
-133.6%
Q2 24
23.5%
23.2%
Net Margin
GL
GL
SIRI
SIRI
Q1 26
17.3%
Q4 25
17.5%
4.5%
Q3 25
25.6%
13.8%
Q2 25
17.1%
9.6%
Q1 25
17.2%
9.9%
Q4 24
17.4%
10.1%
Q3 24
20.8%
-113.1%
Q2 24
17.9%
14.0%
EPS (diluted)
GL
GL
SIRI
SIRI
Q1 26
$3.39
Q4 25
$3.28
$0.23
Q3 25
$4.73
$0.84
Q2 25
$3.05
$0.57
Q1 25
$3.01
$0.59
Q4 24
$3.00
$2.45
Q3 24
$3.44
$-8.74
Q2 24
$2.83
$0.08

Balance Sheet & Financial Strength

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

Metric
GL
GL
SIRI
SIRI
Cash + ST InvestmentsLiquidity on hand
$183.8M
$94.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$6.1B
$11.6B
Total Assets
$27.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
SIRI
SIRI
Q1 26
$183.8M
Q4 25
$314.7M
$94.0M
Q3 25
$62.8M
$79.0M
Q2 25
$116.7M
$92.0M
Q1 25
$134.1M
$127.0M
Q4 24
$85.0M
$162.0M
Q3 24
$100.5M
$127.0M
Q2 24
$100.6M
$100.0M
Total Debt
GL
GL
SIRI
SIRI
Q1 26
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
Stockholders' Equity
GL
GL
SIRI
SIRI
Q1 26
$6.1B
Q4 25
$6.0B
$11.6B
Q3 25
$5.7B
$11.6B
Q2 25
$5.4B
$11.3B
Q1 25
$5.4B
$11.2B
Q4 24
$5.3B
$11.1B
Q3 24
$4.6B
$10.9B
Q2 24
$5.2B
$-2.1B
Total Assets
GL
GL
SIRI
SIRI
Q1 26
Q4 25
$30.8B
$27.2B
Q3 25
$30.5B
$27.4B
Q2 25
$29.8B
$27.3B
Q1 25
$29.7B
$27.4B
Q4 24
$29.1B
$27.5B
Q3 24
$29.6B
$27.5B
Q2 24
$28.3B
$11.2B
Debt / Equity
GL
GL
SIRI
SIRI
Q1 26
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

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
SIRI
SIRI
Q1 26
Q4 25
$350.6M
$680.0M
Q3 25
$306.0M
$430.0M
Q2 25
$307.9M
$546.0M
Q1 25
$431.9M
$242.0M
Q4 24
$336.9M
$679.0M
Q3 24
$340.6M
$240.0M
Q2 24
$374.1M
$514.0M
Free Cash Flow
GL
GL
SIRI
SIRI
Q1 26
Q4 25
$330.1M
$536.0M
Q3 25
$208.7M
$255.0M
Q2 25
$295.0M
$401.0M
Q1 25
$420.1M
$53.0M
Q4 24
$321.9M
$514.0M
Q3 24
$311.3M
$24.0M
Q2 24
$356.5M
$341.0M
FCF Margin
GL
GL
SIRI
SIRI
Q1 26
Q4 25
21.7%
24.4%
Q3 25
13.8%
11.8%
Q2 25
19.9%
18.8%
Q1 25
28.4%
2.6%
Q4 24
22.0%
23.5%
Q3 24
21.4%
1.1%
Q2 24
24.8%
15.7%
Capex Intensity
GL
GL
SIRI
SIRI
Q1 26
Q4 25
1.3%
6.6%
Q3 25
6.4%
8.1%
Q2 25
0.9%
6.8%
Q1 25
0.8%
9.1%
Q4 24
1.0%
7.5%
Q3 24
2.0%
9.9%
Q2 24
1.2%
7.9%
Cash Conversion
GL
GL
SIRI
SIRI
Q1 26
Q4 25
1.32×
6.87×
Q3 25
0.79×
1.45×
Q2 25
1.22×
2.66×
Q1 25
1.70×
1.19×
Q4 24
1.32×
3.06×
Q3 24
1.12×
Q2 24
1.45×
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

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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