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SIRIUS XM HOLDINGS INC.（SIRI）与Texas Roadhouse, Inc.（TXRH）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Texas Roadhouse, Inc.的1.5倍（$2.2B vs $1.5B），Texas Roadhouse, Inc.净利率更高（5.8% vs 4.5%，领先1.3%），Texas Roadhouse, Inc.同比增速更快（3.1% vs 0.2%），过去两年Texas Roadhouse, Inc.的营收复合增速更高（12.8% 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。
Texas Roadhouse是美国知名牛排连锁餐厅，主打德克萨斯及美国西南部风味餐食，核心产品为各类牛排。品牌总部位于肯塔基州路易斯维尔，旗下还运营另外两个餐饮品牌。截至2025年8月，品牌在美国49个州拥有约800家门店，同时在11个国家开设了70家海外门店。
SIRI vs TXRH — 直观对比
营收规模更大
SIRI
是对方的1.5倍
$1.5B
营收增速更快
TXRH
高出2.8%
0.2%
净利率更高
TXRH
高出1.3%
4.5%
两年增速更快
TXRH
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.5B |
| 净利润 | $99.0M | $86.7M |
| 毛利率 | 53.1% | — |
| 营业利润率 | 10.3% | 6.5% |
| 净利率 | 4.5% | 5.8% |
| 营收同比 | 0.2% | 3.1% |
| 净利润同比 | -55.4% | -26.9% |
| 每股收益（稀释后） | $0.23 | $1.29 |
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
营收SIRITXRH
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.3B |
净利润SIRITXRH
| Q4 25 | $99.0M | $86.7M | ||
| Q3 25 | $297.0M | $84.9M | ||
| Q2 25 | $205.0M | $116.1M | ||
| Q1 25 | $204.0M | — | ||
| Q4 24 | $222.0M | $118.5M | ||
| Q3 24 | $-2.5B | $86.8M | ||
| Q2 24 | $304.0M | $123.1M | ||
| Q1 24 | $265.0M | $116.0M |
毛利率SIRITXRH
| 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% | — |
营业利润率SIRITXRH
| Q4 25 | 10.3% | 6.5% | ||
| Q3 25 | 22.8% | 6.7% | ||
| Q2 25 | 17.1% | 9.3% | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 20.2% | 9.6% | ||
| Q3 24 | -133.6% | 8.0% | ||
| Q2 24 | 23.2% | 10.6% | ||
| Q1 24 | 20.2% | 10.1% |
净利率SIRITXRH
| Q4 25 | 4.5% | 5.8% | ||
| Q3 25 | 13.8% | 5.9% | ||
| Q2 25 | 9.6% | 8.0% | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 10.1% | 8.2% | ||
| Q3 24 | -113.1% | 6.8% | ||
| Q2 24 | 14.0% | 9.2% | ||
| Q1 24 | 12.3% | 8.8% |
每股收益（稀释后）SIRITXRH
| Q4 25 | $0.23 | $1.29 | ||
| Q3 25 | $0.84 | $1.25 | ||
| Q2 25 | $0.57 | $1.70 | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $2.45 | $1.73 | ||
| Q3 24 | $-8.74 | $1.26 | ||
| Q2 24 | $0.08 | $1.79 | ||
| Q1 24 | $0.07 | $1.69 |
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 | $134.7M |
| 总债务越低越好 | $8.6B | — |
| 股东权益账面价值 | $11.6B | $1.5B |
| 总资产 | $27.2B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资SIRITXRH
| Q4 25 | $94.0M | $134.7M | ||
| Q3 25 | $79.0M | $108.2M | ||
| Q2 25 | $92.0M | $221.1M | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $162.0M | $245.2M | ||
| Q3 24 | $127.0M | $189.2M | ||
| Q2 24 | $100.0M | $197.5M | ||
| Q1 24 | $71.0M | $213.4M |
总债务SIRITXRH
| 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 | — |
股东权益SIRITXRH
| Q4 25 | $11.6B | $1.5B | ||
| Q3 25 | $11.6B | $1.5B | ||
| Q2 25 | $11.3B | $1.4B | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | $11.1B | $1.4B | ||
| Q3 24 | $10.9B | $1.3B | ||
| Q2 24 | $-2.1B | $1.3B | ||
| Q1 24 | $-2.4B | $1.2B |
总资产SIRITXRH
| Q4 25 | $27.2B | $3.5B | ||
| Q3 25 | $27.4B | $3.3B | ||
| Q2 25 | $27.3B | $3.2B | ||
| Q1 25 | $27.4B | — | ||
| Q4 24 | $27.5B | $3.2B | ||
| Q3 24 | $27.5B | $2.9B | ||
| Q2 24 | $11.2B | $2.9B | ||
| Q1 24 | $11.2B | $2.8B |
负债/权益比SIRITXRH
| 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 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $536.0M | — |
| 自由现金流率自由现金流/营收 | 24.4% | — |
| 资本支出强度资本支出/营收 | 6.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流SIRITXRH
| Q4 25 | $680.0M | — | ||
| Q3 25 | $430.0M | $143.6M | ||
| Q2 25 | $546.0M | $237.7M | ||
| Q1 25 | $242.0M | — | ||
| Q4 24 | $679.0M | $237.5M | ||
| Q3 24 | $240.0M | $138.7M | ||
| Q2 24 | $514.0M | $133.9M | ||
| Q1 24 | $308.0M | $243.4M |
自由现金流SIRITXRH
| Q4 25 | $536.0M | — | ||
| Q3 25 | $255.0M | $14.7M | ||
| Q2 25 | $401.0M | $160.4M | ||
| Q1 25 | $53.0M | — | ||
| Q4 24 | $514.0M | $129.7M | ||
| Q3 24 | $24.0M | $47.7M | ||
| Q2 24 | $341.0M | $56.1M | ||
| Q1 24 | $134.0M | $165.8M |
自由现金流率SIRITXRH
| Q4 25 | 24.4% | — | ||
| Q3 25 | 11.8% | 1.0% | ||
| Q2 25 | 18.8% | 11.1% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 23.5% | 9.0% | ||
| Q3 24 | 1.1% | 3.7% | ||
| Q2 24 | 15.7% | 4.2% | ||
| Q1 24 | 6.2% | 12.5% |
资本支出强度SIRITXRH
| Q4 25 | 6.6% | — | ||
| Q3 25 | 8.1% | 9.0% | ||
| Q2 25 | 6.8% | 5.3% | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 7.5% | 7.5% | ||
| Q3 24 | 9.9% | 7.2% | ||
| Q2 24 | 7.9% | 5.8% | ||
| Q1 24 | 8.0% | 5.9% |
现金转化率SIRITXRH
| Q4 25 | 6.87× | — | ||
| Q3 25 | 1.45× | 1.69× | ||
| Q2 25 | 2.66× | 2.05× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 3.06× | 2.00× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 1.69× | 1.09× | ||
| Q1 24 | 1.16× | 2.10× |
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% |
TXRH
| Food And Beverage | $1.5B | 99% |
| Texas Roadhouse Segment | $21.2M | 1% |
| Franchise | $8.2M | 1% |
| Franchise Royalty | $7.4M | 0% |
| Bubba S33Segment | $2.3M | 0% |
