• Sirius XM Holdings average return on tangible equity for 2023 was -8.56, a 23.23% decline from 2022.
• Sirius XM Holdings average return on tangible equity for 2022 was -11.15, a 47.1% decline from 2021.
• Sirius XM Holdings average return on tangible equity for 2021 was -7.58, a 14.16% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.