SIRIUS XM HOLDINGS INC. vs Spotify Technology S.A., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Two ways to sell audio: Sirius XM streams satellite radio on subscription, Spotify streams on-demand music globally. Spotify earns much more on equity, 26.56% to Sirius's 7.21%, and keeps a wider 12.87% net margin against 9.86%. But Sirius is the stronger cash generator, a 14.2% free cash yield against Spotify's 3.3%, and pays a small 0.35% dividend. The valuations sit at opposite poles: Spotify trades at 10.44 times book on growth hopes, Sirius below book at 0.82. Spotify carries no debt; Sirius 0.83 times equity. A high-growth streamer priced for expansion against a cash-rich radio annuity priced under book.
Comparison updated 2026-07-11.
| Metric | SIRI | SPOT |
|---|---|---|
| Price | $30.42 | $479.98 |
| Market cap | $10.3B | $98.6B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Growth |
| P/E | 12.9 | 41.0 |
| P/B | 0.88 | 10.89 |
| P/S | 1.20 | 5.28 |
| EV/EBITDA | 9.5 | 38.9 |
| Revenue growth | -0.3% | +15.6% |
| Gross margin | 52.9% | 32.0% |
| Operating margin | 21.7% | 12.8% |
| Net margin | 9.9% | 12.9% |
| Return on equity | 7.2% | 26.6% |
| Return on assets | 3.1% | 14.7% |
| Return on invested capital | 5.4% | 26.3% |
| FCF yield | 13.2% | 3.2% |
| Dividend yield | 0.3% | — |
| Debt / equity | 0.83 | 0.00 |
| Current ratio | 0.44 | 1.72 |
| Altman Z (solvency) | 1.32 | 7.90 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.