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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.0× iHeartMedia, Inc.). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -3.7%, a 7.1% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs -2.2%).
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.
Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, ...
IHRT vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $-41.9M | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | 7.6% | 4.5% |
| Net Margin | -3.7% | 3.4% |
| Revenue YoY | 0.8% | 1.6% |
| Net Profit YoY | -233.1% | 32.3% |
| EPS (diluted) | $-0.25 | $1.16 |
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 | — | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $997.0M | $1.2B | ||
| Q2 25 | $933.7M | $1.2B | ||
| Q1 25 | $807.1M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $929.1M | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $-41.9M | $23.9M | ||
| Q3 25 | $-66.3M | $19.4M | ||
| Q2 25 | $-83.5M | $41.9M | ||
| Q1 25 | $-281.2M | $29.8M | ||
| Q4 24 | $31.5M | $46.2M | ||
| Q3 24 | $-41.3M | $50.0M | ||
| Q2 24 | $-981.7M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 7.6% | 2.5% | ||
| Q3 25 | -11.7% | 2.2% | ||
| Q2 25 | 3.8% | 4.6% | ||
| Q1 25 | -3.2% | 3.4% | ||
| Q4 24 | 9.3% | 4.8% | ||
| Q3 24 | 7.6% | 5.2% | ||
| Q2 24 | -97.9% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | -3.7% | 2.0% | ||
| Q3 25 | -6.6% | 1.6% | ||
| Q2 25 | -8.9% | 3.5% | ||
| Q1 25 | -34.8% | 2.6% | ||
| Q4 24 | 2.8% | 3.8% | ||
| Q3 24 | -4.1% | 4.1% | ||
| Q2 24 | -105.7% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.25 | $0.70 | ||
| Q3 25 | $-0.43 | $0.56 | ||
| Q2 25 | $-0.54 | $1.20 | ||
| Q1 25 | $-1.84 | $0.85 | ||
| Q4 24 | $0.21 | $1.30 | ||
| Q3 24 | $-0.27 | $1.41 | ||
| Q2 24 | $-6.50 | $1.48 |
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 | $411.0M |
| Total DebtLower is stronger | $5.1B | $26.1M |
| Stockholders' EquityBook value | $-1.8B | $799.0M |
| Total Assets | $5.1B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $270.9M | $452.2M | ||
| Q3 25 | $192.2M | $434.4M | ||
| Q2 25 | $235.9M | $426.2M | ||
| Q1 25 | $167.7M | $473.4M | ||
| Q4 24 | $259.6M | $566.6M | ||
| Q3 24 | $431.8M | $531.3M | ||
| Q2 24 | $364.7M | $504.0M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $5.1B | $0 | ||
| Q3 25 | $5.1B | $0 | ||
| Q2 25 | $5.1B | $0 | ||
| Q1 25 | $5.1B | $0 | ||
| Q4 24 | $5.1B | $0 | ||
| Q3 24 | $5.2B | $0 | ||
| Q2 24 | $5.2B | $0 |
| Q1 26 | — | $799.0M | ||
| Q4 25 | $-1.8B | $795.7M | ||
| Q3 25 | $-1.8B | $888.7M | ||
| Q2 25 | $-1.7B | $921.8M | ||
| Q1 25 | $-1.6B | $930.8M | ||
| Q4 24 | $-1.4B | $972.4M | ||
| Q3 24 | $-1.4B | $1.0B | ||
| Q2 24 | $-1.4B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $5.4B | $1.7B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.6B | $1.8B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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% | — |
| 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 | $72.7M | ||
| Q3 25 | $-9.5M | $89.3M | ||
| Q2 25 | $6.8M | $7.1M | ||
| Q1 25 | $-60.9M | $55.7M | ||
| Q4 24 | $1.2M | $61.1M | ||
| Q3 24 | $102.8M | $83.1M | ||
| Q2 24 | $26.7M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | $137.6M | $70.5M | ||
| Q3 25 | $-32.8M | $86.0M | ||
| Q2 25 | $-13.2M | $4.7M | ||
| Q1 25 | $-80.7M | $53.8M | ||
| Q4 24 | $-24.2M | $54.4M | ||
| Q3 24 | $73.3M | $75.6M | ||
| Q2 24 | $5.6M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 6.0% | ||
| Q3 25 | -3.3% | 7.1% | ||
| Q2 25 | -1.4% | 0.4% | ||
| Q1 25 | -10.0% | 4.7% | ||
| Q4 24 | -2.2% | 4.5% | ||
| Q3 24 | 7.3% | 6.2% | ||
| Q2 24 | 0.6% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 0.2% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 2.3% | 0.6% | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 2.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.04× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | 0.04× | 1.32× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 0.91× |
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% |
LSTR
Segment breakdown not available.
