SIRI vs. WMG: Sirius XM vs. Warner Music Stock Comparison

November 11, 2026

How do Sirius XM (SIRI) and Warner Music (WMG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Sirius XM (SIRI) and Warner Music (WMG) both fall under the Media & Entertainment industry group, but SIRI is classified in Media while WMG is classified in Entertainment.

Sirius XM (SIRI) has more than two decades of public-market history since September 13, 1994, whereas Warner Music (WMG) listed on June 3, 2020 and has a much shorter record to draw on.

Company profile comparison for Sirius XM (SIRI) and Warner Music (WMG)
Profile Item	SIRI	WMG
Name	Sirius XM Holdings Inc.	Warner Music Group Corp.
Country/Region	United States	United States
GICS Sector	Communication Services	Communication Services
GICS Industry Group	Media & Entertainment	Media & Entertainment
GICS Industry	Media	Entertainment
GICS Sub-Industry	Cable & Satellite	Movies & Entertainment
Market Capitalization	10.90 billion USD	16.37 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	September 13, 1994	June 3, 2020
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

SIRI

WMG

GSPC

Sirius XM (SIRI) vs. Warner Music (WMG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Sirius XM (SIRI) and Warner Music (WMG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Sirius XM (SIRI) and Warner Music (WMG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Total Return (1Y)	57.51%	6.98%
Total Return (3Y, Annualized)	-7.52%	1.34%
Total Return (5Y, Annualized)	-9.10%	-6.02%

Risk Profile

Drawdown History

SIRI

WMG

GSPC

Sirius XM (SIRI) vs. Warner Music (WMG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Sirius XM (SIRI) and Warner Music (WMG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Volatility (1Y, Annualized)	32.75%	35.24%
Beta (5Y)	0.94	1.31
Max Drawdown (5Y)	-73.86%	-53.17%
Avg. Volume (3M)	4.35M	2.05M

Risk-Adjusted Performance

Risk-Return Positioning

SIRI and WMG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Sharpe Ratio (1Y)	1.63	0.08
Sortino Ratio (1Y)	2.83	0.11

Profitability

ROE (TTM)

Warner Music (WMG) at 70.07% clears its industry range for ROE, a sharper capital-efficiency signal than Sirius XM (SIRI) at 7.59%, which is closer to a typical peer reading.

SIRI

Media & Entertainment industry group

7.59%

Max: 49.92%
Q3: 17.95%
SIRI: 7.59%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

WMG

Media & Entertainment industry group

70.07%

WMG: 70.07%
Max: 49.92%
Q3: 17.95%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their ROE against the Media & Entertainment industry group benchmark.

Net Margin (TTM)

Both Sirius XM (SIRI) at 10.47% and Warner Music (WMG) at 9.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

SIRI

Media & Entertainment industry group

10.47%

Max: 32.91%
Q3: 11.75%
SIRI: 10.47%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

WMG

Media & Entertainment industry group

9.20%

Max: 32.91%
Q3: 11.75%
WMG: 9.20%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their net margin against the Media & Entertainment industry group benchmark.

Operating Margin (TTM)

Sirius XM (SIRI) at 22.71% operates in the top operating margin quartile, ahead of Warner Music (WMG) at 16.74%, which runs around its industry’s norm.

SIRI

Media & Entertainment industry group

22.71%

Max: 40.16%
SIRI: 22.71%
Q3: 18.72%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

WMG

Media & Entertainment industry group

16.74%

Max: 40.16%
Q3: 18.72%
WMG: 16.74%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their operating margin against the Media & Entertainment industry group benchmark.

Profitability Metrics

Profitability metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
ROE (TTM)	7.59%	70.07%
ROA (TTM)	4.39%	7.65%
Net Margin (TTM)	10.47%	9.20%
Operating Margin (TTM)	22.71%	16.74%
Gross Margin (TTM)	47.49%	45.77%

Growth

Revenue Growth

Warner Music (WMG) at 4.37% is around its peer norm for revenue growth, while Sirius XM (SIRI) at -1.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Warner Music (WMG) reports EPS growth of -16.87%, ranked against its industry; Sirius XM (SIRI) has no EPS growth figure this period.

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Revenue Growth (YoY)	-1.62%	4.37%
Revenue Growth (3Y CAGR)	-1.68%	4.25%
EPS Growth (YoY)	--	-16.87%
EPS Growth (3Y CAGR)	-10.40%	-13.33%

Financial Strength

Current Ratio (MRQ)

Both Sirius XM (SIRI) at 0.33 and Warner Music (WMG) at 0.73 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

SIRI

Media & Entertainment industry group

0.33

Max: 4.69
Q3: 2.53
Median: 1.52
Q1: 0.95
SIRI: 0.33
Min: 0.28

WMG

Media & Entertainment industry group

0.73

Max: 4.69
Q3: 2.53
Median: 1.52
Q1: 0.95
WMG: 0.73
Min: 0.28

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their current ratio against the Media & Entertainment industry group benchmark.

Debt / Equity (MRQ)

Sirius XM (SIRI) at 0.78 is near its industry mid-range for debt-to-equity ratio, while Warner Music (WMG) at 4.53 sits above its benchmark range, pointing to a heavier debt load relative to equity.

SIRI

Media & Entertainment industry group

0.78

Max: 3.65
Q3: 1.69
SIRI: 0.78
Median: 0.46
Q1: 0.17
Min: 0.00

WMG

Media & Entertainment industry group

4.53

WMG: 4.53
Max: 3.65
Q3: 1.69
Median: 0.46
Q1: 0.17
Min: 0.00

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their debt-to-equity ratio against the Media & Entertainment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Current Ratio (MRQ)	0.33	0.73
Debt / Equity (MRQ)	0.78	4.53
Net Debt / EBITDA	3.66	2.57

Dividends

Dividend Yield (TTM)

Both Sirius XM (SIRI) at 3.28% and Warner Music (WMG) at 2.38% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

SIRI

Media & Entertainment industry group

3.28%

SIRI: 3.28%
Max: 1.33%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

WMG

Media & Entertainment industry group

2.38%

WMG: 2.38%
Max: 1.33%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their dividend yield against the Media & Entertainment industry group benchmark.

Dividend Payout Ratio (TTM)

Both Sirius XM (SIRI) at 42.19% and Warner Music (WMG) at 60.80% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

SIRI

Media & Entertainment industry group

42.19%

Max: 71.43%
SIRI: 42.19%
Q3: 28.98%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

WMG

Media & Entertainment industry group

60.80%

Max: 71.43%
WMG: 60.80%
Q3: 28.98%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their payout ratio against the Media & Entertainment industry group benchmark.

Dividend Metrics

Dividend metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
Dividend Yield (TTM)	3.28%	2.38%
Dividend Payout Ratio (TTM)	42.19%	60.80%

Valuation

P/E Ratio (TTM)

Both Sirius XM (SIRI) at 12.66 and Warner Music (WMG) at 25.04 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

SIRI

Media & Entertainment industry group

12.66

Max: 51.21
Q3: 28.90
Median: 17.98
SIRI: 12.66
Q1: 11.53
Min: 1.64

WMG

Media & Entertainment industry group

25.04

Max: 51.21
Q3: 28.90
WMG: 25.04
Median: 17.98
Q1: 11.53
Min: 1.64

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their P/E ratio against the Media & Entertainment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Sirius XM (SIRI) at 1.27 and Warner Music (WMG) at 2.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

SIRI

Media & Entertainment industry group

1.27

Max: 7.43
Q3: 3.82
Median: 1.40
SIRI: 1.27
Q1: 0.70
Min: 0.00

WMG

Media & Entertainment industry group

2.24

Max: 7.43
Q3: 3.82
WMG: 2.24
Median: 1.40
Q1: 0.70
Min: 0.00

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their P/S ratio against the Media & Entertainment industry group benchmark.

P/B Ratio (MRQ)

Sirius XM (SIRI) at 0.90 sits near its industry’s typical P/B ratio, while Warner Music (WMG) at 19.17 prices above its benchmark range — WMG looks rich relative to book.

SIRI

Media & Entertainment industry group

0.90

Max: 11.45
Q3: 5.30
Median: 1.84
SIRI: 0.90
Q1: 0.77
Min: -2.61

WMG

Media & Entertainment industry group

19.17

WMG: 19.17
Max: 11.45
Q3: 5.30
Median: 1.84
Q1: 0.77
Min: -2.61

Sirius XM (SIRI) vs. Warner Music (WMG): A comparison of their P/B ratio against the Media & Entertainment industry group benchmark.

Valuation Metrics

Valuation metrics for Sirius XM (SIRI) and Warner Music (WMG)
Metric	SIRI	WMG
P/E Ratio (TTM)	12.66	25.04
P/S Ratio (TTM)	1.27	2.24
P/B Ratio (MRQ)	0.90	19.17
Free Cash Flow Yield (TTM)	11.57%	2.33%