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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and iHeartMedia, Inc. (IHRT). Click either name above to swap in a different company.

ANTERO RESOURCES Corp is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× iHeartMedia, Inc.). ANTERO RESOURCES Corp runs the higher net margin — 14.4% vs -3.7%, a 18.1% gap on every dollar of revenue. On growth, ANTERO RESOURCES Corp posted the faster year-over-year revenue change (20.8% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 12.2%).

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.

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.

AR vs IHRT — Head-to-Head

Bigger by revenue
AR
AR
1.3× larger
AR
$1.4B
$1.1B
IHRT
Growing faster (revenue YoY)
AR
AR
+20.0% gap
AR
20.8%
0.8%
IHRT
Higher net margin
AR
AR
18.1% more per $
AR
14.4%
-3.7%
IHRT
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
12.2%
AR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AR
AR
IHRT
IHRT
Revenue
$1.4B
$1.1B
Net Profit
$202.9M
$-41.9M
Gross Margin
Operating Margin
20.5%
7.6%
Net Margin
14.4%
-3.7%
Revenue YoY
20.8%
0.8%
Net Profit YoY
27.8%
-233.1%
EPS (diluted)
$0.63
$-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
AR
AR
IHRT
IHRT
Q4 25
$1.4B
$1.1B
Q3 25
$1.2B
$997.0M
Q2 25
$1.3B
$933.7M
Q1 25
$1.4B
$807.1M
Q4 24
$1.2B
$1.1B
Q3 24
$1.1B
$1.0B
Q2 24
$978.7M
$929.1M
Q1 24
$1.1B
$799.0M
Net Profit
AR
AR
IHRT
IHRT
Q4 25
$202.9M
$-41.9M
Q3 25
$85.6M
$-66.3M
Q2 25
$166.6M
$-83.5M
Q1 25
$219.5M
$-281.2M
Q4 24
$158.8M
$31.5M
Q3 24
$-25.2M
$-41.3M
Q2 24
$-74.6M
$-981.7M
Q1 24
$34.7M
$-18.5M
Operating Margin
AR
AR
IHRT
IHRT
Q4 25
20.5%
7.6%
Q3 25
9.7%
-11.7%
Q2 25
15.8%
3.8%
Q1 25
20.1%
-3.2%
Q4 24
4.9%
9.3%
Q3 24
-2.4%
7.6%
Q2 24
-8.2%
-97.9%
Q1 24
4.3%
-4.3%
Net Margin
AR
AR
IHRT
IHRT
Q4 25
14.4%
-3.7%
Q3 25
7.1%
-6.6%
Q2 25
12.8%
-8.9%
Q1 25
16.2%
-34.8%
Q4 24
13.6%
2.8%
Q3 24
-2.4%
-4.1%
Q2 24
-7.6%
-105.7%
Q1 24
3.1%
-2.3%
EPS (diluted)
AR
AR
IHRT
IHRT
Q4 25
$0.63
$-0.25
Q3 25
$0.24
$-0.43
Q2 25
$0.50
$-0.54
Q1 25
$0.66
$-1.84
Q4 24
$0.48
$0.21
Q3 24
$-0.11
$-0.27
Q2 24
$-0.26
$-6.50
Q1 24
$0.07
$-0.12

Balance Sheet & Financial Strength

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

Metric
AR
AR
IHRT
IHRT
Cash + ST InvestmentsLiquidity on hand
$270.9M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$7.6B
$-1.8B
Total Assets
$13.2B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AR
AR
IHRT
IHRT
Q4 25
$270.9M
Q3 25
$192.2M
Q2 25
$235.9M
Q1 25
$167.7M
Q4 24
$259.6M
Q3 24
$431.8M
Q2 24
$364.7M
Q1 24
$361.4M
Total Debt
AR
AR
IHRT
IHRT
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.1B
Q1 25
$5.1B
Q4 24
$5.1B
Q3 24
$5.2B
Q2 24
$5.2B
Q1 24
$5.1B
Stockholders' Equity
AR
AR
IHRT
IHRT
Q4 25
$7.6B
$-1.8B
Q3 25
$7.3B
$-1.8B
Q2 25
$7.3B
$-1.7B
Q1 25
$7.2B
$-1.6B
Q4 24
$7.0B
$-1.4B
Q3 24
$7.0B
$-1.4B
Q2 24
$7.0B
$-1.4B
Q1 24
$7.1B
$-398.6M
Total Assets
AR
AR
IHRT
IHRT
Q4 25
$13.2B
$5.1B
Q3 25
$12.9B
$5.1B
Q2 25
$12.8B
$5.4B
Q1 25
$13.0B
$5.3B
Q4 24
$13.0B
$5.6B
Q3 24
$13.2B
$5.8B
Q2 24
$13.4B
$5.8B
Q1 24
$13.5B
$6.8B

Cash Flow & Capital Efficiency

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

Metric
AR
AR
IHRT
IHRT
Operating Cash FlowLast quarter
$370.7M
$156.3M
Free Cash FlowOCF − Capex
$137.6M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$10.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
IHRT
IHRT
Q4 25
$370.7M
$156.3M
Q3 25
$310.1M
$-9.5M
Q2 25
$492.4M
$6.8M
Q1 25
$457.7M
$-60.9M
Q4 24
$278.0M
$1.2M
Q3 24
$166.2M
$102.8M
Q2 24
$143.5M
$26.7M
Q1 24
$261.6M
$-59.3M
Free Cash Flow
AR
AR
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
AR
AR
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
AR
AR
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
AR
AR
IHRT
IHRT
Q4 25
1.83×
Q3 25
3.62×
Q2 25
2.96×
Q1 25
2.09×
Q4 24
1.75×
0.04×
Q3 24
Q2 24
Q1 24
7.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AR
AR

Natural Gas Production$773.6M55%
Natural Gas Liquids Sales C3Ngls$378.1M27%
Other$97.3M7%
Natural Gas Liquids Sales Ethane$96.1M7%
Oil And Condensate$34.8M2%
Marketings$31.7M2%

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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