vs
SIRIUS XM HOLDINGS INC.（SIRI）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
SIRIUS XM HOLDINGS INC.的季度营收约是施乐的1.1倍（$2.2B vs $2.0B），施乐同比增速更快（25.7% vs 0.2%），SIRIUS XM HOLDINGS INC.自由现金流更多（$536.0M vs $192.0M），过去两年施乐的营收复合增速更高（16.2% 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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
SIRI vs XRX — 直观对比
营收规模更大
SIRI
是对方的1.1倍
$2.0B
营收增速更快
XRX
高出25.5%
0.2%
自由现金流更多
SIRI
多$344.0M
$192.0M
两年增速更快
XRX
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.0B |
| 净利润 | $99.0M | — |
| 毛利率 | 53.1% | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 4.5% | — |
| 营收同比 | 0.2% | 25.7% |
| 净利润同比 | -55.4% | — |
| 每股收益（稀释后） | $0.23 | $-0.62 |
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SIRIXRX
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.6B | ||
| Q1 24 | $2.2B | $1.5B |
净利润SIRIXRX
| Q4 25 | $99.0M | — | ||
| Q3 25 | $297.0M | $-760.0M | ||
| Q2 25 | $205.0M | $-106.0M | ||
| Q1 25 | $204.0M | $-90.0M | ||
| Q4 24 | $222.0M | — | ||
| Q3 24 | $-2.5B | $-1.2B | ||
| Q2 24 | $304.0M | $18.0M | ||
| Q1 24 | $265.0M | $-113.0M |
毛利率SIRIXRX
| 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SIRIXRX
| 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% | — |
净利率SIRIXRX
| Q4 25 | 4.5% | — | ||
| Q3 25 | 13.8% | -38.8% | ||
| Q2 25 | 9.6% | -6.7% | ||
| Q1 25 | 9.9% | -6.2% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | -113.1% | -78.9% | ||
| Q2 24 | 14.0% | 1.1% | ||
| Q1 24 | 12.3% | -7.5% |
每股收益（稀释后）SIRIXRX
| Q4 25 | $0.23 | $-0.62 | ||
| Q3 25 | $0.84 | $-6.01 | ||
| Q2 25 | $0.57 | $-0.87 | ||
| Q1 25 | $0.59 | $-0.75 | ||
| Q4 24 | $2.45 | $-0.21 | ||
| Q3 24 | $-8.74 | $-9.71 | ||
| Q2 24 | $0.08 | $0.11 | ||
| Q1 24 | $0.07 | $-0.94 |
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 | $512.0M |
| 总债务越低越好 | $8.6B | $4.0B |
| 股东权益账面价值 | $11.6B | $444.0M |
| 总资产 | $27.2B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.75× | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资SIRIXRX
| Q4 25 | $94.0M | $512.0M | ||
| Q3 25 | $79.0M | $479.0M | ||
| Q2 25 | $92.0M | $449.0M | ||
| Q1 25 | $127.0M | $336.0M | ||
| Q4 24 | $162.0M | $576.0M | ||
| Q3 24 | $127.0M | $521.0M | ||
| Q2 24 | $100.0M | $485.0M | ||
| Q1 24 | $71.0M | $685.0M |
总债务SIRIXRX
| Q4 25 | $8.6B | $4.0B | ||
| Q3 25 | $9.0B | $4.1B | ||
| Q2 25 | $10.1B | $3.5B | ||
| Q1 25 | $10.4B | $2.7B | ||
| Q4 24 | $10.3B | $2.8B | ||
| Q3 24 | $10.1B | $2.8B | ||
| Q2 24 | $9.0B | $3.2B | ||
| Q1 24 | $8.7B | $3.2B |
股东权益SIRIXRX
| Q4 25 | $11.6B | $444.0M | ||
| Q3 25 | $11.6B | $365.0M | ||
| Q2 25 | $11.3B | $1.1B | ||
| Q1 25 | $11.2B | $1.1B | ||
| Q4 24 | $11.1B | $1.1B | ||
| Q3 24 | $10.9B | $1.3B | ||
| Q2 24 | $-2.1B | $2.4B | ||
| Q1 24 | $-2.4B | $2.4B |
总资产SIRIXRX
| Q4 25 | $27.2B | $9.8B | ||
| Q3 25 | $27.4B | $10.1B | ||
| Q2 25 | $27.3B | $8.9B | ||
| Q1 25 | $27.4B | $8.2B | ||
| Q4 24 | $27.5B | $8.4B | ||
| Q3 24 | $27.5B | $8.3B | ||
| Q2 24 | $11.2B | $9.5B | ||
| Q1 24 | $11.2B | $9.9B |
负债/权益比SIRIXRX
| Q4 25 | 0.75× | 9.05× | ||
| Q3 25 | 0.78× | 11.10× | ||
| Q2 25 | 0.89× | 3.11× | ||
| Q1 25 | 0.93× | 2.56× | ||
| Q4 24 | 0.93× | 2.62× | ||
| Q3 24 | 0.93× | 2.11× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.35× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $536.0M | $192.0M |
| 自由现金流率自由现金流/营收 | 24.4% | 9.5% |
| 资本支出强度资本支出/营收 | 6.6% | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流SIRIXRX
| Q4 25 | $680.0M | $208.0M | ||
| Q3 25 | $430.0M | $116.0M | ||
| Q2 25 | $546.0M | $-11.0M | ||
| Q1 25 | $242.0M | $-89.0M | ||
| Q4 24 | $679.0M | $351.0M | ||
| Q3 24 | $240.0M | $116.0M | ||
| Q2 24 | $514.0M | $123.0M | ||
| Q1 24 | $308.0M | $-79.0M |
自由现金流SIRIXRX
| Q4 25 | $536.0M | $192.0M | ||
| Q3 25 | $255.0M | $104.0M | ||
| Q2 25 | $401.0M | $-15.0M | ||
| Q1 25 | $53.0M | $-94.0M | ||
| Q4 24 | $514.0M | $346.0M | ||
| Q3 24 | $24.0M | $108.0M | ||
| Q2 24 | $341.0M | $117.0M | ||
| Q1 24 | $134.0M | $-87.0M |
自由现金流率SIRIXRX
| Q4 25 | 24.4% | 9.5% | ||
| Q3 25 | 11.8% | 5.3% | ||
| Q2 25 | 18.8% | -1.0% | ||
| Q1 25 | 2.6% | -6.5% | ||
| Q4 24 | 23.5% | 21.5% | ||
| Q3 24 | 1.1% | 7.1% | ||
| Q2 24 | 15.7% | 7.4% | ||
| Q1 24 | 6.2% | -5.8% |
资本支出强度SIRIXRX
| Q4 25 | 6.6% | 0.8% | ||
| Q3 25 | 8.1% | 0.6% | ||
| Q2 25 | 6.8% | 0.3% | ||
| Q1 25 | 9.1% | 0.3% | ||
| Q4 24 | 7.5% | 0.3% | ||
| Q3 24 | 9.9% | 0.5% | ||
| Q2 24 | 7.9% | 0.4% | ||
| Q1 24 | 8.0% | 0.5% |
现金转化率SIRIXRX
| Q4 25 | 6.87× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 3.06× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.69× | 6.83× | ||
| Q1 24 | 1.16× | — |
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% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
