AMC
AMC Entertainment Holdings, Inc.
AMC has the edge over SIRI overall, supported by stronger fundamentals and stronger modeled upside.
SIRI
Sirius XM Holdings Inc.
SIRI has lower modeled downside risk, despite its lower overall score.
AMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Under pressure |
AMC's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is under pressure.
SIRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
SIRI's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
SIRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $25.48 | -20% |
| Forward | 10x | $31.74 | — |
| Current | 13x | $31.74 | — |
| Fair | 17x | $42.45 | +34% |
| Expensive | 34x | $83.36 | +163% |
Historical ranges are pointers, not guarantees.
SIRI's PE is in its fair range at 13x. On analysts' estimates for next year's earnings, today's price would be 10x, in its cheap range.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over SIRI on the outlook, with more favorable earnings and revenue expectations.
SIRI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect SIRI's earnings, revenue and profitability to hold roughly steady. However, they disagree widely on these estimates.
AMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.40 | +$0.94 |
| Q2 2026 | -$1.10 | -$0.28 |
| Q1 2026 | -$1.09 | -$0.18 |
| Q4 2025 | -$1.34 | -$0.28 |
| Q3 2025 | -$1.34 | +$0.29 |
| Q2 2025 | -$0.82 | +$0.67 |
| Q1 2025 | -$0.91 | +$0.38 |
| Q4 2024 | -$1.06 | +$1.31 |
AMC lost $0.40 per share over the past year, a smaller loss than the year before.
SIRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.13 | +29% |
| Q3 2026 | $2.43 | -45% |
| Q2 2026 | $2.49 | +$7.62 |
| Q1 2026 | $2.36 | +$7.26 |
| Q4 2025 | $2.23 | +$7.02 |
| Q3 2025 | $4.45 | +$10.79 |
| Q2 2025 | -$5.13 | -255% |
| Q1 2025 | -$4.90 | -248% |
| Q4 2024 | -$4.79 | -250% |
SIRI has the edge over AMC on earnings quality, reporting a profit while its opponent remains loss making.
AMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +32% |
| Q2 2026 | $1.6B | +14% |
| Q1 2026 | $1B | +21% |
| Q4 2025 | $1.3B | -1.4% |
| Q3 2025 | $1.3B | -3.6% |
| Q2 2025 | $1.4B | +36% |
| Q1 2025 | $862.5M | -9.3% |
| Q4 2024 | $1.3B | +18% |
AMC has the edge over SIRI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +12 points |
| Q2 2026 | 15% | +8.3 points |
| Q1 2026 | -4.4% | +13 points |
| Q4 2025 | 0% | -0.3 points |
| Q3 2025 | 2.8% | -2.6 points |
| Q2 2025 | 6.6% | +11 points |
| Q1 2025 | -17% | -5.5 points |
| Q4 2024 | 0.4% | +14 points |
AMC's operating margin was 15% last quarter, up 12 points from the same quarter a year ago, near the top of its range since 2019.
SIRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | -0.3% |
| Q2 2026 | $2.2B | +1% |
| Q1 2026 | $2.1B | +1.1% |
| Q4 2025 | $2.2B | +0.2% |
| Q3 2025 | $2.2B | -0.6% |
| Q2 2025 | $2.1B | -1.8% |
| Q1 2025 | $2.1B | -4.3% |
| Q4 2024 | $2.2B | -4.4% |
SIRI's revenue has held roughly level: $2.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -0.6 points |
| Q2 2026 | 22% | +4.8 points |
| Q1 2026 | 22% | +3 points |
| Q4 2025 | 10% | -13 points |
| Q3 2025 | 23% | +157 points |
| Q2 2025 | 17% | -6.1 points |
| Q1 2025 | 19% | -1.5 points |
| Q4 2024 | 23% | +1.6 points |
SIRI has the edge over AMC on profitability, with a higher operating margin.
AMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $109.3M | +$190.4M |
| Q2 2026 | $190.1M | +114% |
| Q1 2026 | -$174.7M | +$242.3M |
| Q4 2025 | $43.3M | -62% |
| Q3 2025 | -$81.1M | +$11.1M |
| Q2 2025 | $88.9M | +$168.1M |
| Q1 2025 | -$417M | -$178.2M |
| Q4 2024 | $113.9M | +$263.8M |
AMC's free cash flow has turned positive after six years mostly in the red: $168M over the past year.
SIRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291M | +14% |
| Q2 2026 | $592M | +48% |
| Q1 2026 | $166M | +213% |
| Q4 2025 | $536M | +4.3% |
| Q3 2025 | $255M | +963% |
| Q2 2025 | $401M | +18% |
| Q1 2025 | $53M | -60% |
| Q4 2024 | $514M | +17% |
SIRI has the edge over AMC on cash flow, with more consistent year-over-year improvement.
AMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +24% | +175M shares |
| 1 year | +107% | +463M shares |
| 3 years | +767% | +793M shares |
| 5 years | +4063% | +875M shares |
AMC has 897M diluted shares, up 107% from a year ago.
SIRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.1% | +21M shares |
| 1 year | +2% | +7M shares |
| 3 years | -6.1% | -23.5M shares |
| 5 years | -12% | -48.9M shares |
| Available history | -21% | -98.6M shares |
SIRI has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33M |
| Q2 2026 | $6M |
| Q1 2026 | $22M |
| Q4 2025 | $45M |
| Q3 2025 | $21M |
| Q2 2025 | $45M |
| Q1 2025 | $25M |
| Q4 2024 | $6M |
SIRI spent $106M buying back its own shares over the past year, up 9.3% from the year before.
AMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 12.2x | High |
| Q3 2025 | 12.2x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 18.6x | High |
| Q4 2024 | 14.3x | High |
AMC has the edge over SIRI on leverage, with a lower net debt burden relative to earnings.
SIRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.9x | High |
| Q4 2025 | 5.1x | High |
| Q3 2025 | 4.6x | High |
| Q2 2024 | 3.7x | Elevated |
| Q1 2024 | 3.8x | Elevated |
| Q4 2023 | 3.8x | Elevated |
SIRI's net debt is about 4.3 years of its operating earnings (EBITDA), down from 4.6 years a year ago.
AMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 65.4 | Neutral |
AMC's weekly RSI is 67 (neutral) and its Stochastic is 65 (neutral).
SIRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 70.1 | Neutral |
SIRI's weekly RSI is 65 (neutral) and its Stochastic is 70 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
SIRI PE vs Communication Services Sector
| Metric | SIRI | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 16x | 21% below |
| PE % | 33 | 26 | 7 pts above |
SIRI is trading at 13x earnings, a 21% discount to the Communication Services sector's median of 16x.
AMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.01 | 11% above |
| 20 week MA | $2.64 | 27% above |
| 50 week MA | $2.01 | 66% above |
| 100 week MA | $2.53 | 32% above |
| 200 week MA | $10.9 | 69% below |
AMC has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 69% below its 200-week average.
SIRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.2 | 12% above |
| 20 week MA | $28.9 | 9.9% above |
| 50 week MA | $25.8 | 23% above |
| 100 week MA | $24.2 | 31% above |
| 200 week MA | $31.7 | 0.1% above |
SIRI has the edge over AMC on trend strength, trading above more of its moving averages.
AMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.5 | $12.6 | -66% |
| 2021 | $12.6 | $142.6 | +1036% |
| 2022 | $142.6 | $44.0 | -69% |
| 2023 | $44.0 | $6.12 | -86% |
| 2024 | $6.12 | $4.00 | -35% |
| 2025 | $4.00 | $1.69 | -58% |
| 2026 YTD | $1.69 | $3.34 | +98% |
AMC has the edge over SIRI on returns for 2026, with the stronger performance.
SIRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $71.4 | $63.1 | -12% |
| 2021 | $63.1 | $64.3 | +1.9% |
| 2022 | $64.3 | $58.4 | -9.2% |
| 2023 | $58.4 | $54.7 | -6.3% |
| 2024 | $54.7 | $23.1 | -58% |
| 2025 | $23.1 | $20.6 | -11% |
| 2026 YTD | $20.6 | $31.7 | +54% |
SIRI has finished four years in a row lower, and it's up 54% so far in 2026.