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

iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $866.0M, roughly 1.3× Brookfield Infrastructure Corp). iHeartMedia, Inc. runs the higher net margin — -3.7% vs -35.7%, a 32.0% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs -4.6%).

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

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.

BIPC vs IHRT — Head-to-Head

Bigger by revenue
IHRT
IHRT
1.3× larger
IHRT
$1.1B
$866.0M
BIPC
Growing faster (revenue YoY)
IHRT
IHRT
+5.4% gap
IHRT
0.8%
-4.6%
BIPC
Higher net margin
IHRT
IHRT
32.0% more per $
IHRT
-3.7%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
IHRT
IHRT
Revenue
$866.0M
$1.1B
Net Profit
$-309.0M
$-41.9M
Gross Margin
65.0%
Operating Margin
62.7%
7.6%
Net Margin
-35.7%
-3.7%
Revenue YoY
-4.6%
0.8%
Net Profit YoY
-148.1%
-233.1%
EPS (diluted)
$-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
BIPC
BIPC
IHRT
IHRT
Q4 25
$1.1B
Q3 25
$997.0M
Q2 25
$866.0M
$933.7M
Q1 25
$807.1M
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$908.0M
$929.1M
Q1 24
$799.0M
Net Profit
BIPC
BIPC
IHRT
IHRT
Q4 25
$-41.9M
Q3 25
$-66.3M
Q2 25
$-309.0M
$-83.5M
Q1 25
$-281.2M
Q4 24
$31.5M
Q3 24
$-41.3M
Q2 24
$643.0M
$-981.7M
Q1 24
$-18.5M
Gross Margin
BIPC
BIPC
IHRT
IHRT
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
IHRT
IHRT
Q4 25
7.6%
Q3 25
-11.7%
Q2 25
62.7%
3.8%
Q1 25
-3.2%
Q4 24
9.3%
Q3 24
7.6%
Q2 24
61.9%
-97.9%
Q1 24
-4.3%
Net Margin
BIPC
BIPC
IHRT
IHRT
Q4 25
-3.7%
Q3 25
-6.6%
Q2 25
-35.7%
-8.9%
Q1 25
-34.8%
Q4 24
2.8%
Q3 24
-4.1%
Q2 24
70.8%
-105.7%
Q1 24
-2.3%
EPS (diluted)
BIPC
BIPC
IHRT
IHRT
Q4 25
$-0.25
Q3 25
$-0.43
Q2 25
$-0.54
Q1 25
$-1.84
Q4 24
$0.21
Q3 24
$-0.27
Q2 24
$-6.50
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
IHRT
IHRT
Cash + ST InvestmentsLiquidity on hand
$1.2B
$270.9M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.2B
$-1.8B
Total Assets
$23.9B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
IHRT
IHRT
Q4 25
$270.9M
Q3 25
$192.2M
Q2 25
$1.2B
$235.9M
Q1 25
$167.7M
Q4 24
$259.6M
Q3 24
$431.8M
Q2 24
$466.0M
$364.7M
Q1 24
$361.4M
Total Debt
BIPC
BIPC
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
BIPC
BIPC
IHRT
IHRT
Q4 25
$-1.8B
Q3 25
$-1.8B
Q2 25
$2.2B
$-1.7B
Q1 25
$-1.6B
Q4 24
$-1.4B
Q3 24
$-1.4B
Q2 24
$3.5B
$-1.4B
Q1 24
$-398.6M
Total Assets
BIPC
BIPC
IHRT
IHRT
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$23.9B
$5.4B
Q1 25
$5.3B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$23.7B
$5.8B
Q1 24
$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
BIPC
BIPC
IHRT
IHRT
Operating Cash FlowLast quarter
$478.0M
$156.3M
Free Cash FlowOCF − Capex
$137.6M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$10.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
IHRT
IHRT
Q4 25
$156.3M
Q3 25
$-9.5M
Q2 25
$478.0M
$6.8M
Q1 25
$-60.9M
Q4 24
$1.2M
Q3 24
$102.8M
Q2 24
$511.0M
$26.7M
Q1 24
$-59.3M
Free Cash Flow
BIPC
BIPC
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
BIPC
BIPC
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
BIPC
BIPC
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
BIPC
BIPC
IHRT
IHRT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.04×
Q3 24
Q2 24
0.79×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

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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