vs
Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Legence Corp. (LGN). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $708.0M, roughly 1.6× Legence Corp.). Legence Corp. runs the higher net margin — -0.1% vs -3.7%, a 3.6% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 0.8%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $137.4M).
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.
Legence Corp is a leading sustainable building and decarbonization solution provider. It delivers energy efficiency optimization, building automation design, renewable energy integration, and low-carbon retrofit services for commercial, industrial, and institutional clients, with core operations across North America to help customers cut costs and reduce carbon footprints.
IHRT vs LGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $708.0M |
| Net Profit | $-41.9M | $-576.0K |
| Gross Margin | — | 20.9% |
| Operating Margin | 7.6% | 5.3% |
| Net Margin | -3.7% | -0.1% |
| Revenue YoY | 0.8% | 26.2% |
| Net Profit YoY | -233.1% | 46.8% |
| EPS (diluted) | $-0.25 | $-0.02 |
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 | — | ||
| Q3 25 | $997.0M | $708.0M | ||
| Q2 25 | $933.7M | — | ||
| Q1 25 | $807.1M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $560.8M | ||
| Q2 24 | $929.1M | — | ||
| Q1 24 | $799.0M | — |
| Q4 25 | $-41.9M | — | ||
| Q3 25 | $-66.3M | $-576.0K | ||
| Q2 25 | $-83.5M | — | ||
| Q1 25 | $-281.2M | — | ||
| Q4 24 | $31.5M | — | ||
| Q3 24 | $-41.3M | $-1.1M | ||
| Q2 24 | $-981.7M | — | ||
| Q1 24 | $-18.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -11.7% | 5.3% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 7.6% | 4.8% | ||
| Q2 24 | -97.9% | — | ||
| Q1 24 | -4.3% | — |
| Q4 25 | -3.7% | — | ||
| Q3 25 | -6.6% | -0.1% | ||
| Q2 25 | -8.9% | — | ||
| Q1 25 | -34.8% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | -4.1% | -0.2% | ||
| Q2 24 | -105.7% | — | ||
| Q1 24 | -2.3% | — |
| Q4 25 | $-0.25 | — | ||
| Q3 25 | $-0.43 | $-0.02 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.9M | $176.0M |
| Total DebtLower is stronger | $5.1B | $812.6M |
| Stockholders' EquityBook value | $-1.8B | $387.9M |
| Total Assets | $5.1B | $2.6B |
| Debt / EquityLower = less leverage | — | 2.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | — | ||
| Q3 25 | $192.2M | $176.0M | ||
| Q2 25 | $235.9M | — | ||
| Q1 25 | $167.7M | — | ||
| Q4 24 | $259.6M | — | ||
| Q3 24 | $431.8M | — | ||
| Q2 24 | $364.7M | — | ||
| Q1 24 | $361.4M | — |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $812.6M | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $-1.8B | — | ||
| Q3 25 | $-1.8B | $387.9M | ||
| Q2 25 | $-1.7B | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.4B | — | ||
| Q3 24 | $-1.4B | — | ||
| Q2 24 | $-1.4B | — | ||
| Q1 24 | $-398.6M | — |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $2.6B | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — | ||
| Q1 24 | $6.8B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $162.1M |
| Free Cash FlowOCF − Capex | $137.6M | $137.4M |
| FCF MarginFCF / Revenue | 12.2% | 19.4% |
| Capex IntensityCapex / Revenue | 1.7% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | — | ||
| Q3 25 | $-9.5M | $162.1M | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $-60.9M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $102.8M | — | ||
| Q2 24 | $26.7M | — | ||
| Q1 24 | $-59.3M | — |
| Q4 25 | $137.6M | — | ||
| Q3 25 | $-32.8M | $137.4M | ||
| Q2 25 | $-13.2M | — | ||
| Q1 25 | $-80.7M | — | ||
| Q4 24 | $-24.2M | — | ||
| Q3 24 | $73.3M | — | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $-80.9M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | -3.3% | 19.4% | ||
| Q2 25 | -1.4% | — | ||
| Q1 25 | -10.0% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -10.1% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.3% | 3.5% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
LGN
| Installation And Fabrication | $408.7M | 58% |
| Engineering And Design | $110.9M | 16% |
| Program And Project Management | $101.2M | 14% |
| Maintenance And Service | $87.1M | 12% |
