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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and KeyCorp (KEY). Click either name above to swap in a different company.
KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.8× iHeartMedia, Inc.). KeyCorp runs the higher net margin — 25.4% vs -3.7%, a 29.2% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 0.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $137.6M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 14.4%).
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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
IHRT vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.0B |
| Net Profit | $-41.9M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 32.3% |
| Net Margin | -3.7% | 25.4% |
| Revenue YoY | 0.8% | 131.8% |
| Net Profit YoY | -233.1% | 309.0% |
| EPS (diluted) | $-0.25 | $0.43 |
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.
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $997.0M | $1.9B | ||
| Q2 25 | $933.7M | $1.8B | ||
| Q1 25 | $807.1M | $1.8B | ||
| Q4 24 | $1.1B | $865.0M | ||
| Q3 24 | $1.0B | $695.0M | ||
| Q2 24 | $929.1M | $1.5B | ||
| Q1 24 | $799.0M | $1.5B |
| Q4 25 | $-41.9M | $510.0M | ||
| Q3 25 | $-66.3M | $489.0M | ||
| Q2 25 | $-83.5M | $425.0M | ||
| Q1 25 | $-281.2M | $405.0M | ||
| Q4 24 | $31.5M | $-244.0M | ||
| Q3 24 | $-41.3M | $-410.0M | ||
| Q2 24 | $-981.7M | $274.0M | ||
| Q1 24 | $-18.5M | $219.0M |
| Q4 25 | 7.6% | 32.3% | ||
| Q3 25 | -11.7% | 31.8% | ||
| Q2 25 | 3.8% | 29.3% | ||
| Q1 25 | -3.2% | 29.0% | ||
| Q4 24 | 9.3% | -92.6% | ||
| Q3 24 | 7.6% | -72.8% | ||
| Q2 24 | -97.9% | 22.0% | ||
| Q1 24 | -4.3% | 18.1% |
| Q4 25 | -3.7% | 25.4% | ||
| Q3 25 | -6.6% | 25.8% | ||
| Q2 25 | -8.9% | 23.1% | ||
| Q1 25 | -34.8% | 22.8% | ||
| Q4 24 | 2.8% | -54.7% | ||
| Q3 24 | -4.1% | -59.0% | ||
| Q2 24 | -105.7% | 18.0% | ||
| Q1 24 | -2.3% | 14.3% |
| Q4 25 | $-0.25 | $0.43 | ||
| Q3 25 | $-0.43 | $0.41 | ||
| Q2 25 | $-0.54 | $0.35 | ||
| Q1 25 | $-1.84 | $0.33 | ||
| Q4 24 | $0.21 | $-0.30 | ||
| Q3 24 | $-0.27 | $-0.47 | ||
| Q2 24 | $-6.50 | $0.25 | ||
| Q1 24 | $-0.12 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.9M | $10.2B |
| Total DebtLower is stronger | $5.1B | $9.9B |
| Stockholders' EquityBook value | $-1.8B | $20.4B |
| Total Assets | $5.1B | $184.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $10.2B | ||
| Q3 25 | $192.2M | $13.3B | ||
| Q2 25 | $235.9M | $11.6B | ||
| Q1 25 | $167.7M | $15.3B | ||
| Q4 24 | $259.6M | $17.5B | ||
| Q3 24 | $431.8M | $22.8B | ||
| Q2 24 | $364.7M | $15.5B | ||
| Q1 24 | $361.4M | $13.2B |
| Q4 25 | $5.1B | $9.9B | ||
| Q3 25 | $5.1B | $10.9B | ||
| Q2 25 | $5.1B | $12.1B | ||
| Q1 25 | $5.1B | $12.4B | ||
| Q4 24 | $5.1B | $12.1B | ||
| Q3 24 | $5.2B | $15.7B | ||
| Q2 24 | $5.2B | $16.9B | ||
| Q1 24 | $5.1B | $20.8B |
| Q4 25 | $-1.8B | $20.4B | ||
| Q3 25 | $-1.8B | $20.1B | ||
| Q2 25 | $-1.7B | $19.5B | ||
| Q1 25 | $-1.6B | $19.0B | ||
| Q4 24 | $-1.4B | $18.2B | ||
| Q3 24 | $-1.4B | $16.9B | ||
| Q2 24 | $-1.4B | $14.8B | ||
| Q1 24 | $-398.6M | $14.5B |
| Q4 25 | $5.1B | $184.4B | ||
| Q3 25 | $5.1B | $187.4B | ||
| Q2 25 | $5.4B | $185.5B | ||
| Q1 25 | $5.3B | $188.7B | ||
| Q4 24 | $5.6B | $187.2B | ||
| Q3 24 | $5.8B | $189.8B | ||
| Q2 24 | $5.8B | $187.4B | ||
| Q1 24 | $6.8B | $187.5B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $156.3M | $2.2B |
| Free Cash FlowOCF − Capex | $137.6M | $2.1B |
| FCF MarginFCF / Revenue | 12.2% | 104.8% |
| Capex IntensityCapex / Revenue | 1.7% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $2.2B | ||
| Q3 25 | $-9.5M | $396.0M | ||
| Q2 25 | $6.8M | $1.2B | ||
| Q1 25 | $-60.9M | $-140.0M | ||
| Q4 24 | $1.2M | $664.0M | ||
| Q3 24 | $102.8M | $-1.2B | ||
| Q2 24 | $26.7M | $-217.0M | ||
| Q1 24 | $-59.3M | $359.0M |
| Q4 25 | $137.6M | $2.1B | ||
| Q3 25 | $-32.8M | $367.0M | ||
| Q2 25 | $-13.2M | $1.2B | ||
| Q1 25 | $-80.7M | $-150.0M | ||
| Q4 24 | $-24.2M | $599.0M | ||
| Q3 24 | $73.3M | $-1.2B | ||
| Q2 24 | $5.6M | $-230.0M | ||
| Q1 24 | $-80.9M | $347.0M |
| Q4 25 | 12.2% | 104.8% | ||
| Q3 25 | -3.3% | 19.4% | ||
| Q2 25 | -1.4% | 65.8% | ||
| Q1 25 | -10.0% | -8.5% | ||
| Q4 24 | -2.2% | 69.2% | ||
| Q3 24 | 7.3% | -175.8% | ||
| Q2 24 | 0.6% | -15.1% | ||
| Q1 24 | -10.1% | 22.6% |
| Q4 25 | 1.7% | 5.3% | ||
| Q3 25 | 2.3% | 1.5% | ||
| Q2 25 | 2.1% | 1.3% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 2.3% | 7.5% | ||
| Q3 24 | 2.9% | 2.4% | ||
| Q2 24 | 2.3% | 0.9% | ||
| Q1 24 | 2.7% | 0.8% |
| Q4 25 | — | 4.33× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | — | 2.90× | ||
| Q1 25 | — | -0.35× | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHRT
| Broadcast Radio | $469.9M | 42% |
| Digital Non Podcast | $212.9M | 19% |
| Tradeand Barter Transactions | $124.4M | 11% |
| Networks | $118.2M | 10% |
| Audio And Media Services Group Segment | $78.9M | 7% |
| Sponsorship And Events | $71.4M | 6% |
| Advertising Trade And Barter Transactions | $23.7M | 2% |
| Other | $22.7M | 2% |
KEY
Segment breakdown not available.
