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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -3.7%, a 5.9% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
IHRT vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $-41.9M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 2.2% |
| Net Margin | -3.7% | 2.2% |
| Revenue YoY | 0.8% | 4.5% |
| Net Profit YoY | -233.1% | — |
| EPS (diluted) | $-0.25 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $997.0M | $947.4M | ||
| Q2 25 | $933.7M | $1.0B | ||
| Q1 25 | $807.1M | $977.5M | ||
| Q4 24 | $1.1B | $943.6M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $929.1M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-41.9M | $13.7M | ||
| Q3 25 | $-66.3M | $43.1M | ||
| Q2 25 | $-83.5M | $71.0M | ||
| Q1 25 | $-281.2M | $20.1M | ||
| Q4 24 | $31.5M | $51.9M | ||
| Q3 24 | $-41.3M | $73.8M | ||
| Q2 24 | $-981.7M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 7.6% | 1.9% | ||
| Q3 25 | -11.7% | -0.3% | ||
| Q2 25 | 3.8% | 3.6% | ||
| Q1 25 | -3.2% | 1.9% | ||
| Q4 24 | 9.3% | 2.6% | ||
| Q3 24 | 7.6% | 9.4% | ||
| Q2 24 | -97.9% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -3.7% | 1.3% | ||
| Q3 25 | -6.6% | 4.5% | ||
| Q2 25 | -8.9% | 6.8% | ||
| Q1 25 | -34.8% | 2.1% | ||
| Q4 24 | 2.8% | 5.5% | ||
| Q3 24 | -4.1% | 6.5% | ||
| Q2 24 | -105.7% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.25 | $0.08 | ||
| Q3 25 | $-0.43 | $0.26 | ||
| Q2 25 | $-0.54 | $0.43 | ||
| Q1 25 | $-1.84 | $0.12 | ||
| Q4 24 | $0.21 | $0.31 | ||
| Q3 24 | $-0.27 | $0.44 | ||
| Q2 24 | $-6.50 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $5.1B | $7.1M |
| Stockholders' EquityBook value | $-1.8B | $1.9B |
| Total Assets | $5.1B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $270.9M | $27.6M | ||
| Q3 25 | $192.2M | $13.5M | ||
| Q2 25 | $235.9M | $19.6M | ||
| Q1 25 | $167.7M | $24.1M | ||
| Q4 24 | $259.6M | $20.0M | ||
| Q3 24 | $431.8M | $23.0M | ||
| Q2 24 | $364.7M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $5.1B | $246.6M | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | $190.5M | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.2B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $-1.8B | $2.1B | ||
| Q3 25 | $-1.8B | $2.1B | ||
| Q2 25 | $-1.7B | $2.0B | ||
| Q1 25 | $-1.6B | $2.0B | ||
| Q4 24 | $-1.4B | $2.0B | ||
| Q3 24 | $-1.4B | $2.0B | ||
| Q2 24 | $-1.4B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.1B | $3.5B | ||
| Q2 25 | $5.4B | $3.4B | ||
| Q1 25 | $5.3B | $3.4B | ||
| Q4 24 | $5.6B | $3.3B | ||
| Q3 24 | $5.8B | $3.3B | ||
| Q2 24 | $5.8B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $137.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.7% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $156.3M | $195.4M | ||
| Q3 25 | $-9.5M | $51.5M | ||
| Q2 25 | $6.8M | $170.6M | ||
| Q1 25 | $-60.9M | $192.1M | ||
| Q4 24 | $1.2M | $177.3M | ||
| Q3 24 | $102.8M | $244.5M | ||
| Q2 24 | $26.7M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $137.6M | $-10.0M | ||
| Q3 25 | $-32.8M | $-67.2M | ||
| Q2 25 | $-13.2M | $33.1M | ||
| Q1 25 | $-80.7M | $58.2M | ||
| Q4 24 | $-24.2M | $-26.2M | ||
| Q3 24 | $73.3M | $77.9M | ||
| Q2 24 | $5.6M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | -1.0% | ||
| Q3 25 | -3.3% | -7.1% | ||
| Q2 25 | -1.4% | 3.2% | ||
| Q1 25 | -10.0% | 6.0% | ||
| Q4 24 | -2.2% | -2.8% | ||
| Q3 24 | 7.3% | 6.8% | ||
| Q2 24 | 0.6% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.7% | 19.8% | ||
| Q3 25 | 2.3% | 12.5% | ||
| Q2 25 | 2.1% | 13.2% | ||
| Q1 25 | 2.4% | 13.7% | ||
| Q4 24 | 2.3% | 21.6% | ||
| Q3 24 | 2.9% | 14.6% | ||
| Q2 24 | 2.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | 0.04× | 3.42× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 2.29× |
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% |
LBRT
Segment breakdown not available.
