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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and iHeartMedia, Inc. (IHRT). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.6× iHeartMedia, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs -3.7%, a 11.0% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 6.1%).

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

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.

FG vs IHRT — Head-to-Head

Bigger by revenue
FG
FG
1.6× larger
FG
$1.8B
$1.1B
IHRT
Growing faster (revenue YoY)
FG
FG
+12.4% gap
FG
13.2%
0.8%
IHRT
Higher net margin
FG
FG
11.0% more per $
FG
7.3%
-3.7%
IHRT
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
IHRT
IHRT
Revenue
$1.8B
$1.1B
Net Profit
$128.0M
$-41.9M
Gross Margin
Operating Margin
7.6%
Net Margin
7.3%
-3.7%
Revenue YoY
13.2%
0.8%
Net Profit YoY
-60.9%
-233.1%
EPS (diluted)
$0.97
$-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
FG
FG
IHRT
IHRT
Q4 25
$1.8B
$1.1B
Q3 25
$1.7B
$997.0M
Q2 25
$1.4B
$933.7M
Q1 25
$908.0M
$807.1M
Q4 24
$1.6B
$1.1B
Q3 24
$1.4B
$1.0B
Q2 24
$1.2B
$929.1M
Q1 24
$1.6B
$799.0M
Net Profit
FG
FG
IHRT
IHRT
Q4 25
$128.0M
$-41.9M
Q3 25
$118.0M
$-66.3M
Q2 25
$40.0M
$-83.5M
Q1 25
$-21.0M
$-281.2M
Q4 24
$327.0M
$31.5M
Q3 24
$-6.0M
$-41.3M
Q2 24
$203.0M
$-981.7M
Q1 24
$115.0M
$-18.5M
Operating Margin
FG
FG
IHRT
IHRT
Q4 25
7.6%
Q3 25
-11.7%
Q2 25
3.8%
Q1 25
-3.2%
Q4 24
9.3%
Q3 24
7.6%
Q2 24
-97.9%
Q1 24
-4.3%
Net Margin
FG
FG
IHRT
IHRT
Q4 25
7.3%
-3.7%
Q3 25
7.0%
-6.6%
Q2 25
2.9%
-8.9%
Q1 25
-2.3%
-34.8%
Q4 24
21.0%
2.8%
Q3 24
-0.4%
-4.1%
Q2 24
17.3%
-105.7%
Q1 24
7.3%
-2.3%
EPS (diluted)
FG
FG
IHRT
IHRT
Q4 25
$0.97
$-0.25
Q3 25
$0.85
$-0.43
Q2 25
$0.26
$-0.54
Q1 25
$-0.20
$-1.84
Q4 24
$2.53
$0.21
Q3 24
$-0.08
$-0.27
Q2 24
$1.55
$-6.50
Q1 24
$0.88
$-0.12

Balance Sheet & Financial Strength

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

Metric
FG
FG
IHRT
IHRT
Cash + ST InvestmentsLiquidity on hand
$1.5B
$270.9M
Total DebtLower is stronger
$2.2B
$5.1B
Stockholders' EquityBook value
$4.8B
$-1.8B
Total Assets
$98.4B
$5.1B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
IHRT
IHRT
Q4 25
$1.5B
$270.9M
Q3 25
$2.2B
$192.2M
Q2 25
$1.9B
$235.9M
Q1 25
$3.3B
$167.7M
Q4 24
$2.3B
$259.6M
Q3 24
$3.5B
$431.8M
Q2 24
$3.5B
$364.7M
Q1 24
$2.4B
$361.4M
Total Debt
FG
FG
IHRT
IHRT
Q4 25
$2.2B
$5.1B
Q3 25
$2.2B
$5.1B
Q2 25
$2.2B
$5.1B
Q1 25
$2.2B
$5.1B
Q4 24
$2.2B
$5.1B
Q3 24
$2.0B
$5.2B
Q2 24
$2.0B
$5.2B
Q1 24
$1.7B
$5.1B
Stockholders' Equity
FG
FG
IHRT
IHRT
Q4 25
$4.8B
$-1.8B
Q3 25
$4.8B
$-1.8B
Q2 25
$4.4B
$-1.7B
Q1 25
$4.4B
$-1.6B
Q4 24
$4.0B
$-1.4B
Q3 24
$4.3B
$-1.4B
Q2 24
$3.7B
$-1.4B
Q1 24
$3.5B
$-398.6M
Total Assets
FG
FG
IHRT
IHRT
Q4 25
$98.4B
$5.1B
Q3 25
$96.1B
$5.1B
Q2 25
$91.8B
$5.4B
Q1 25
$88.0B
$5.3B
Q4 24
$85.0B
$5.6B
Q3 24
$84.1B
$5.8B
Q2 24
$78.5B
$5.8B
Q1 24
$74.4B
$6.8B
Debt / Equity
FG
FG
IHRT
IHRT
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

Cash Flow & Capital Efficiency

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

Metric
FG
FG
IHRT
IHRT
Operating Cash FlowLast quarter
$1.2B
$156.3M
Free Cash FlowOCF − Capex
$137.6M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$10.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
IHRT
IHRT
Q4 25
$1.2B
$156.3M
Q3 25
$937.0M
$-9.5M
Q2 25
$1.6B
$6.8M
Q1 25
$956.0M
$-60.9M
Q4 24
$1.3B
$1.2M
Q3 24
$2.1B
$102.8M
Q2 24
$1.1B
$26.7M
Q1 24
$1.5B
$-59.3M
Free Cash Flow
FG
FG
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
FG
FG
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
FG
FG
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
FG
FG
IHRT
IHRT
Q4 25
9.13×
Q3 25
7.94×
Q2 25
40.50×
Q1 25
Q4 24
4.04×
0.04×
Q3 24
Q2 24
5.20×
Q1 24
13.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

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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