• Sirius XM Holdings average return on tangible equity for 2023 was -8.52, a 31.68% decline from 2022.
• Sirius XM Holdings average return on tangible equity for 2022 was -12.47, a 129.23% decline from 2021.
• Sirius XM Holdings average return on tangible equity for 2021 was -5.44, a 46.3% 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.