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SIRIUS XM HOLDINGS INC.（SIRI）与Townsquare Media, Inc.（TSQ）财务数据对比。点击上方公司名可切换其他公司
SIRIUS XM HOLDINGS INC.的季度营收约是Townsquare Media, Inc.的20.6倍（$2.2B vs $106.5M）。SIRIUS XM HOLDINGS INC.净利率更高（4.5% vs -4.9%，领先9.4%）。SIRIUS XM HOLDINGS INC.同比增速更快（0.2% vs -9.6%）。SIRIUS XM HOLDINGS INC.自由现金流更多（$536.0M vs $9.2M）。过去两年Townsquare Media, Inc.的营收复合增速更高（3.4% vs 0.7%）
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
Townsquare Media是总部位于美国纽约州帕切斯的广播电台网络与传媒企业，该公司起步于广播业务，在2000年代末通过收购MOG音乐网络，逐步拓展数字媒体业务。截至2024年6月，Townsquare Media是美国第三大调幅调频广播运营商，在全国74个市场共拥有349家电台。
SIRI vs TSQ — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $106.5M |
| 净利润 | $99.0M | $-5.2M |
| 毛利率 | 53.1% | 24.1% |
| 营业利润率 | 10.3% | 9.5% |
| 净利率 | 4.5% | -4.9% |
| 营收同比 | 0.2% | -9.6% |
| 净利润同比 | -55.4% | -121.2% |
| 每股收益（稀释后） | $0.23 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $2.2B | $106.5M | ||
| Q3 25 | $2.2B | $106.8M | ||
| Q2 25 | $2.1B | $115.4M | ||
| Q1 25 | $2.1B | $98.7M | ||
| Q4 24 | $2.2B | $117.8M | ||
| Q3 24 | $2.2B | $115.3M | ||
| Q2 24 | $2.2B | $118.2M | ||
| Q1 24 | $2.2B | $99.6M |
| Q4 25 | $99.0M | $-5.2M | ||
| Q3 25 | $297.0M | $-5.9M | ||
| Q2 25 | $205.0M | $1.6M | ||
| Q1 25 | $204.0M | $-2.0M | ||
| Q4 24 | $222.0M | $24.6M | ||
| Q3 24 | $-2.5B | $10.8M | ||
| Q2 24 | $304.0M | $-49.2M | ||
| Q1 24 | $265.0M | $1.1M |
| Q4 25 | 53.1% | 24.1% | ||
| Q3 25 | 52.2% | 26.2% | ||
| Q2 25 | 52.4% | 28.3% | ||
| Q1 25 | 52.0% | 23.2% | ||
| Q4 24 | 52.9% | 31.6% | ||
| Q3 24 | 53.2% | 27.3% | ||
| Q2 24 | 53.5% | 27.7% | ||
| Q1 24 | 52.5% | 22.8% |
| Q4 25 | 10.3% | 9.5% | ||
| Q3 25 | 22.8% | 5.6% | ||
| Q2 25 | 17.1% | 18.2% | ||
| Q1 25 | 18.7% | 7.2% | ||
| Q4 24 | 20.2% | 18.1% | ||
| Q3 24 | -133.6% | 13.1% | ||
| Q2 24 | 23.2% | -18.1% | ||
| Q1 24 | 20.2% | 6.7% |
| Q4 25 | 4.5% | -4.9% | ||
| Q3 25 | 13.8% | -5.5% | ||
| Q2 25 | 9.6% | 1.4% | ||
| Q1 25 | 9.9% | -2.0% | ||
| Q4 24 | 10.1% | 20.8% | ||
| Q3 24 | -113.1% | 9.4% | ||
| Q2 24 | 14.0% | -41.7% | ||
| Q1 24 | 12.3% | 1.1% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.84 | $-0.36 | ||
| Q2 25 | $0.57 | $0.09 | ||
| Q1 25 | $0.59 | $-0.12 | ||
| Q4 24 | $2.45 | $1.76 | ||
| Q3 24 | $-8.74 | $0.63 | ||
| Q2 24 | $0.08 | $-3.26 | ||
| Q1 24 | $0.07 | $0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $94.0M | $4.8M |
| 总债务越低越好 | $8.6B | $433.0M |
| 股东权益账面价值 | $11.6B | $-41.0M |
| 总资产 | $27.2B | $528.6M |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
| Q4 25 | $94.0M | $4.8M | ||
| Q3 25 | $79.0M | $3.2M | ||
| Q2 25 | $92.0M | $3.2M | ||
| Q1 25 | $127.0M | $5.5M | ||
| Q4 24 | $162.0M | $33.0M | ||
| Q3 24 | $127.0M | $21.8M | ||
| Q2 24 | $100.0M | $28.5M | ||
| Q1 24 | $71.0M | $56.6M |
| Q4 25 | $8.6B | $433.0M | ||
| Q3 25 | $9.0B | $437.6M | ||
| Q2 25 | $10.1B | $439.7M | ||
| Q1 25 | $10.4B | $448.4M | ||
| Q4 24 | $10.3B | $465.8M | ||
| Q3 24 | $10.1B | $476.7M | ||
| Q2 24 | $9.0B | $487.1M | ||
| Q1 24 | $8.7B | $500.1M |
| Q4 25 | $11.6B | $-41.0M | ||
| Q3 25 | $11.6B | $-34.0M | ||
| Q2 25 | $11.3B | $-27.1M | ||
| Q1 25 | $11.2B | $-26.8M | ||
| Q4 24 | $11.1B | $-28.4M | ||
| Q3 24 | $10.9B | $-52.5M | ||
| Q2 24 | $-2.1B | $-64.1M | ||
| Q1 24 | $-2.4B | $1.8M |
| Q4 25 | $27.2B | $528.6M | ||
| Q3 25 | $27.4B | $539.2M | ||
| Q2 25 | $27.3B | $545.7M | ||
| Q1 25 | $27.4B | $544.5M | ||
| Q4 24 | $27.5B | $580.4M | ||
| Q3 24 | $27.5B | $565.4M | ||
| Q2 24 | $11.2B | $579.6M | ||
| Q1 24 | $11.2B | $636.7M |
| 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 | — | 271.80× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $680.0M | $12.6M |
| 自由现金流经营现金流 - 资本支出 | $536.0M | $9.2M |
| 自由现金流率自由现金流/营收 | 24.4% | 8.6% |
| 资本支出强度资本支出/营收 | 6.6% | 3.2% |
| 现金转化率经营现金流/净利润 | 6.87× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $15.4M |
8季度趋势，按日历期对齐
| Q4 25 | $680.0M | $12.6M | ||
| Q3 25 | $430.0M | $7.9M | ||
| Q2 25 | $546.0M | $10.2M | ||
| Q1 25 | $242.0M | $-66.0K | ||
| Q4 24 | $679.0M | $28.2M | ||
| Q3 24 | $240.0M | $9.9M | ||
| Q2 24 | $514.0M | $9.0M | ||
| Q1 24 | $308.0M | $1.7M |
| Q4 25 | $536.0M | $9.2M | ||
| Q3 25 | $255.0M | $4.3M | ||
| Q2 25 | $401.0M | $6.4M | ||
| Q1 25 | $53.0M | $-4.5M | ||
| Q4 24 | $514.0M | $24.5M | ||
| Q3 24 | $24.0M | $4.8M | ||
| Q2 24 | $341.0M | $4.8M | ||
| Q1 24 | $134.0M | $-2.8M |
| Q4 25 | 24.4% | 8.6% | ||
| Q3 25 | 11.8% | 4.1% | ||
| Q2 25 | 18.8% | 5.5% | ||
| Q1 25 | 2.6% | -4.6% | ||
| Q4 24 | 23.5% | 20.8% | ||
| Q3 24 | 1.1% | 4.1% | ||
| Q2 24 | 15.7% | 4.0% | ||
| Q1 24 | 6.2% | -2.8% |
| Q4 25 | 6.6% | 3.2% | ||
| Q3 25 | 8.1% | 3.3% | ||
| Q2 25 | 6.8% | 3.3% | ||
| Q1 25 | 9.1% | 4.5% | ||
| Q4 24 | 7.5% | 3.1% | ||
| Q3 24 | 9.9% | 4.4% | ||
| Q2 24 | 7.9% | 3.6% | ||
| Q1 24 | 8.0% | 4.4% |
| Q4 25 | 6.87× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 2.66× | 6.51× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 3.06× | 1.15× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.16× | 1.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
TSQ
| Broadcast Advertising Segment | $46.4M | 44% |
| Digital Advertising Segment | $41.7M | 39% |
| Subscription Digital Marketing Solutions Segment | $18.4M | 17% |
