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SIRIUS XM HOLDINGS INC.（SIRI）与Unum Group（UNM）财务数据对比。点击上方公司名可切换其他公司
Unum Group的季度营收约是SIRIUS XM HOLDINGS INC.的1.5倍（$3.4B vs $2.2B），Unum Group净利率更高（6.9% vs 4.5%，领先2.4%），Unum Group同比增速更快（8.5% vs 0.2%），过去两年Unum Group的营收复合增速更高（1.9% 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。
Unum Group是美国财富500强保险企业，总部位于田纳西州查塔努加，前身为1848年成立的联合相互保险公司，1999年合并后曾用名UnumProvident至2007年。集团现设四大业务板块，覆盖美、英、波兰市场，旗下承保主体包括保罗里维尔人寿保险、普罗维登斯人伤意外险公司等。
SIRI vs UNM — 直观对比
营收规模更大
UNM
是对方的1.5倍
$2.2B
营收增速更快
UNM
高出8.3%
0.2%
净利率更高
UNM
高出2.4%
4.5%
两年增速更快
UNM
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.4B |
| 净利润 | $99.0M | $232.0M |
| 毛利率 | 53.1% | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 4.5% | 6.9% |
| 营收同比 | 0.2% | 8.5% |
| 净利润同比 | -55.4% | 22.7% |
| 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
营收SIRIUNM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.2B | $3.2B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.1B | $3.1B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.2B | $3.2B |
净利润SIRIUNM
| Q1 26 | — | $232.0M | ||
| Q4 25 | $99.0M | $174.1M | ||
| Q3 25 | $297.0M | $39.7M | ||
| Q2 25 | $205.0M | $335.6M | ||
| Q1 25 | $204.0M | $189.1M | ||
| Q4 24 | $222.0M | $348.7M | ||
| Q3 24 | $-2.5B | $645.7M | ||
| Q2 24 | $304.0M | $389.5M |
毛利率SIRIUNM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | 10.3% | 6.7% | ||
| Q3 25 | 22.8% | 1.6% | ||
| Q2 25 | 17.1% | 12.4% | ||
| Q1 25 | 18.7% | 7.9% | ||
| Q4 24 | 20.2% | 13.8% | ||
| Q3 24 | -133.6% | 15.6% | ||
| Q2 24 | 23.2% | 15.3% |
净利率SIRIUNM
| Q1 26 | — | 6.9% | ||
| Q4 25 | 4.5% | 5.4% | ||
| Q3 25 | 13.8% | 1.2% | ||
| Q2 25 | 9.6% | 10.0% | ||
| Q1 25 | 9.9% | 6.1% | ||
| Q4 24 | 10.1% | 10.8% | ||
| Q3 24 | -113.1% | 20.1% | ||
| Q2 24 | 14.0% | 12.0% |
每股收益（稀释后）SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | $0.23 | $1.06 | ||
| Q3 25 | $0.84 | $0.23 | ||
| Q2 25 | $0.57 | $1.92 | ||
| Q1 25 | $0.59 | $1.06 | ||
| Q4 24 | $2.45 | $1.91 | ||
| Q3 24 | $-8.74 | $3.46 | ||
| Q2 24 | $0.08 | $2.05 |
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 | $2.1M |
| 总债务越低越好 | $8.6B | $3.8M |
| 股东权益账面价值 | $11.6B | $10.9M |
| 总资产 | $27.2B | $62.7M |
| 负债/权益比越低杠杆越低 | 0.75× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资SIRIUNM
| Q1 26 | — | $2.1M | ||
| Q4 25 | $94.0M | — | ||
| Q3 25 | $79.0M | — | ||
| Q2 25 | $92.0M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $162.0M | — | ||
| Q3 24 | $127.0M | — | ||
| Q2 24 | $100.0M | — |
总债务SIRIUNM
| Q1 26 | — | $3.8M | ||
| Q4 25 | $8.6B | $3.8B | ||
| Q3 25 | $9.0B | $3.5B | ||
| Q2 25 | $10.1B | $3.5B | ||
| Q1 25 | $10.4B | $3.5B | ||
| Q4 24 | $10.3B | $3.5B | ||
| Q3 24 | $10.1B | $3.5B | ||
| Q2 24 | $9.0B | $3.5B |
股东权益SIRIUNM
| Q1 26 | — | $10.9M | ||
| Q4 25 | $11.6B | $11.1B | ||
| Q3 25 | $11.6B | $10.9B | ||
| Q2 25 | $11.3B | $11.3B | ||
| Q1 25 | $11.2B | $11.2B | ||
| Q4 24 | $11.1B | $11.0B | ||
| Q3 24 | $10.9B | $11.0B | ||
| Q2 24 | $-2.1B | $10.5B |
总资产SIRIUNM
| Q1 26 | — | $62.7M | ||
| Q4 25 | $27.2B | $63.5B | ||
| Q3 25 | $27.4B | $63.7B | ||
| Q2 25 | $27.3B | $62.8B | ||
| Q1 25 | $27.4B | $62.5B | ||
| Q4 24 | $27.5B | $62.0B | ||
| Q3 24 | $27.5B | $64.1B | ||
| Q2 24 | $11.2B | $62.0B |
负债/权益比SIRIUNM
| Q1 26 | — | 0.35× | ||
| Q4 25 | 0.75× | 0.34× | ||
| Q3 25 | 0.78× | 0.32× | ||
| Q2 25 | 0.89× | 0.31× | ||
| Q1 25 | 0.93× | 0.31× | ||
| Q4 24 | 0.93× | 0.32× | ||
| Q3 24 | 0.93× | 0.32× | ||
| Q2 24 | — | 0.33× |
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SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | $680.0M | $357.9M | ||
| Q3 25 | $430.0M | $-371.8M | ||
| Q2 25 | $546.0M | $348.0M | ||
| Q1 25 | $242.0M | $353.6M | ||
| Q4 24 | $679.0M | $485.8M | ||
| Q3 24 | $240.0M | $390.0M | ||
| Q2 24 | $514.0M | $339.1M |
自由现金流SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | $536.0M | $320.1M | ||
| Q3 25 | $255.0M | $-402.6M | ||
| Q2 25 | $401.0M | $320.1M | ||
| Q1 25 | $53.0M | $317.8M | ||
| Q4 24 | $514.0M | $453.8M | ||
| Q3 24 | $24.0M | $352.3M | ||
| Q2 24 | $341.0M | $311.4M |
自由现金流率SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | 24.4% | 9.9% | ||
| Q3 25 | 11.8% | -11.9% | ||
| Q2 25 | 18.8% | 9.5% | ||
| Q1 25 | 2.6% | 10.3% | ||
| Q4 24 | 23.5% | 14.0% | ||
| Q3 24 | 1.1% | 11.0% | ||
| Q2 24 | 15.7% | 9.6% |
资本支出强度SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.2% | ||
| Q3 25 | 8.1% | 0.9% | ||
| Q2 25 | 6.8% | 0.8% | ||
| Q1 25 | 9.1% | 1.2% | ||
| Q4 24 | 7.5% | 1.0% | ||
| Q3 24 | 9.9% | 1.2% | ||
| Q2 24 | 7.9% | 0.9% |
现金转化率SIRIUNM
| Q1 26 | — | — | ||
| Q4 25 | 6.87× | 2.06× | ||
| Q3 25 | 1.45× | -9.37× | ||
| Q2 25 | 2.66× | 1.04× | ||
| Q1 25 | 1.19× | 1.87× | ||
| Q4 24 | 3.06× | 1.39× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | 1.69× | 0.87× |
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% |
UNM
| Premium Income | $2.8B | 83% |
| Other | $561.2M | 17% |
