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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and iHeartMedia, Inc. (IHRT). Click either name above to swap in a different company.

AMERICAN FINANCIAL GROUP INC is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.8× iHeartMedia, Inc.). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -3.7%, a 18.2% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs -4.0%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 4.0%).

The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in a leveraged buyout in 2008.

AFG vs IHRT — Head-to-Head

Bigger by revenue
AFG
AFG
1.8× larger
AFG
$2.1B
$1.1B
IHRT
Growing faster (revenue YoY)
IHRT
IHRT
+4.8% gap
IHRT
0.8%
-4.0%
AFG
Higher net margin
AFG
AFG
18.2% more per $
AFG
14.5%
-3.7%
IHRT
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
IHRT
IHRT
Revenue
$2.1B
$1.1B
Net Profit
$299.0M
$-41.9M
Gross Margin
Operating Margin
18.4%
7.6%
Net Margin
14.5%
-3.7%
Revenue YoY
-4.0%
0.8%
Net Profit YoY
17.3%
-233.1%
EPS (diluted)
$3.59
$-0.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AFG
AFG
IHRT
IHRT
Q4 25
$2.1B
$1.1B
Q3 25
$2.3B
$997.0M
Q2 25
$1.9B
$933.7M
Q1 25
$1.9B
$807.1M
Q4 24
$2.1B
$1.1B
Q3 24
$2.4B
$1.0B
Q2 24
$1.9B
$929.1M
Q1 24
$1.9B
$799.0M
Net Profit
AFG
AFG
IHRT
IHRT
Q4 25
$299.0M
$-41.9M
Q3 25
$215.0M
$-66.3M
Q2 25
$174.0M
$-83.5M
Q1 25
$154.0M
$-281.2M
Q4 24
$255.0M
$31.5M
Q3 24
$181.0M
$-41.3M
Q2 24
$209.0M
$-981.7M
Q1 24
$242.0M
$-18.5M
Operating Margin
AFG
AFG
IHRT
IHRT
Q4 25
18.4%
7.6%
Q3 25
11.5%
-11.7%
Q2 25
11.9%
3.8%
Q1 25
10.6%
-3.2%
Q4 24
14.9%
9.3%
Q3 24
9.7%
7.6%
Q2 24
14.3%
-97.9%
Q1 24
15.9%
-4.3%
Net Margin
AFG
AFG
IHRT
IHRT
Q4 25
14.5%
-3.7%
Q3 25
9.2%
-6.6%
Q2 25
9.0%
-8.9%
Q1 25
8.3%
-34.8%
Q4 24
11.9%
2.8%
Q3 24
7.6%
-4.1%
Q2 24
11.0%
-105.7%
Q1 24
12.7%
-2.3%
EPS (diluted)
AFG
AFG
IHRT
IHRT
Q4 25
$3.59
$-0.25
Q3 25
$2.58
$-0.43
Q2 25
$2.07
$-0.54
Q1 25
$1.84
$-1.84
Q4 24
$3.03
$0.21
Q3 24
$2.16
$-0.27
Q2 24
$2.49
$-6.50
Q1 24
$2.89
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AFG
AFG
IHRT
IHRT
Cash + ST InvestmentsLiquidity on hand
$1.7B
$270.9M
Total DebtLower is stronger
$1.8B
$5.1B
Stockholders' EquityBook value
$4.8B
$-1.8B
Total Assets
$32.6B
$5.1B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
IHRT
IHRT
Q4 25
$1.7B
$270.9M
Q3 25
$1.8B
$192.2M
Q2 25
$1.3B
$235.9M
Q1 25
$1.3B
$167.7M
Q4 24
$1.4B
$259.6M
Q3 24
$1.3B
$431.8M
Q2 24
$1.1B
$364.7M
Q1 24
$1.1B
$361.4M
Total Debt
AFG
AFG
IHRT
IHRT
Q4 25
$1.8B
$5.1B
Q3 25
$1.8B
$5.1B
Q2 25
$1.5B
$5.1B
Q1 25
$1.5B
$5.1B
Q4 24
$1.5B
$5.1B
Q3 24
$1.5B
$5.2B
Q2 24
$1.5B
$5.2B
Q1 24
$1.5B
$5.1B
Stockholders' Equity
AFG
AFG
IHRT
IHRT
Q4 25
$4.8B
$-1.8B
Q3 25
$4.7B
$-1.8B
Q2 25
$4.5B
$-1.7B
Q1 25
$4.4B
$-1.6B
Q4 24
$4.5B
$-1.4B
Q3 24
$4.7B
$-1.4B
Q2 24
$4.4B
$-1.4B
Q1 24
$4.2B
$-398.6M
Total Assets
AFG
AFG
IHRT
IHRT
Q4 25
$32.6B
$5.1B
Q3 25
$33.8B
$5.1B
Q2 25
$30.7B
$5.4B
Q1 25
$30.3B
$5.3B
Q4 24
$30.8B
$5.6B
Q3 24
$32.6B
$5.8B
Q2 24
$29.9B
$5.8B
Q1 24
$30.0B
$6.8B
Debt / Equity
AFG
AFG
IHRT
IHRT
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.33×
Q3 24
0.31×
Q2 24
0.34×
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AFG
AFG
IHRT
IHRT
Operating Cash FlowLast quarter
$784.0M
$156.3M
Free Cash FlowOCF − Capex
$137.6M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
2.62×
TTM Free Cash FlowTrailing 4 quarters
$10.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
IHRT
IHRT
Q4 25
$784.0M
$156.3M
Q3 25
$216.0M
$-9.5M
Q2 25
$191.0M
$6.8M
Q1 25
$342.0M
$-60.9M
Q4 24
$674.0M
$1.2M
Q3 24
$459.0M
$102.8M
Q2 24
$-88.0M
$26.7M
Q1 24
$107.0M
$-59.3M
Free Cash Flow
AFG
AFG
IHRT
IHRT
Q4 25
$137.6M
Q3 25
$-32.8M
Q2 25
$-13.2M
Q1 25
$-80.7M
Q4 24
$-24.2M
Q3 24
$73.3M
Q2 24
$5.6M
Q1 24
$-80.9M
FCF Margin
AFG
AFG
IHRT
IHRT
Q4 25
12.2%
Q3 25
-3.3%
Q2 25
-1.4%
Q1 25
-10.0%
Q4 24
-2.2%
Q3 24
7.3%
Q2 24
0.6%
Q1 24
-10.1%
Capex Intensity
AFG
AFG
IHRT
IHRT
Q4 25
1.7%
Q3 25
2.3%
Q2 25
2.1%
Q1 25
2.4%
Q4 24
2.3%
Q3 24
2.9%
Q2 24
2.3%
Q1 24
2.7%
Cash Conversion
AFG
AFG
IHRT
IHRT
Q4 25
2.62×
Q3 25
1.00×
Q2 25
1.10×
Q1 25
2.22×
Q4 24
2.64×
0.04×
Q3 24
2.54×
Q2 24
-0.42×
Q1 24
0.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AFG
AFG

Property And Casualty Insurance$2.0B96%
Other$83.0M4%

IHRT
IHRT

Broadcast Radio$469.9M42%
Digital Non Podcast$212.9M19%
Tradeand Barter Transactions$124.4M11%
Networks$118.2M10%
Audio And Media Services Group Segment$78.9M7%
Sponsorship And Events$71.4M6%
Advertising Trade And Barter Transactions$23.7M2%
Other$22.7M2%

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