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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.4× iHeartMedia, Inc.). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs -3.7%, a 16.9% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 0.8%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $137.6M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 9.8%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
IHRT vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $-41.9M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 7.6% | 16.2% |
| Net Margin | -3.7% | 13.2% |
| Revenue YoY | 0.8% | 12.4% |
| Net Profit YoY | -233.1% | 100.4% |
| EPS (diluted) | $-0.25 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $997.0M | $1.6B | ||
| Q2 25 | $933.7M | $1.5B | ||
| Q1 25 | $807.1M | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $929.1M | $1.3B | ||
| Q1 24 | $799.0M | $1.3B |
| Q4 25 | $-41.9M | $202.5M | ||
| Q3 25 | $-66.3M | $280.4M | ||
| Q2 25 | $-83.5M | $166.5M | ||
| Q1 25 | $-281.2M | $-108.3M | ||
| Q4 24 | $31.5M | $101.1M | ||
| Q3 24 | $-41.3M | $230.9M | ||
| Q2 24 | $-981.7M | $62.6M | ||
| Q1 24 | $-18.5M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | 7.6% | 16.2% | ||
| Q3 25 | -11.7% | 22.1% | ||
| Q2 25 | 3.8% | 14.0% | ||
| Q1 25 | -3.2% | -10.2% | ||
| Q4 24 | 9.3% | 9.0% | ||
| Q3 24 | 7.6% | 18.8% | ||
| Q2 24 | -97.9% | 5.8% | ||
| Q1 24 | -4.3% | 7.0% |
| Q4 25 | -3.7% | 13.2% | ||
| Q3 25 | -6.6% | 17.7% | ||
| Q2 25 | -8.9% | 11.3% | ||
| Q1 25 | -34.8% | -7.8% | ||
| Q4 24 | 2.8% | 7.4% | ||
| Q3 24 | -4.1% | 15.1% | ||
| Q2 24 | -105.7% | 4.8% | ||
| Q1 24 | -2.3% | 5.8% |
| Q4 25 | $-0.25 | $3.66 | ||
| Q3 25 | $-0.43 | $5.06 | ||
| Q2 25 | $-0.54 | $3.01 | ||
| Q1 25 | $-1.84 | $-1.96 | ||
| Q4 24 | $0.21 | $1.82 | ||
| Q3 24 | $-0.27 | $4.17 | ||
| Q2 24 | $-6.50 | $1.13 | ||
| Q1 24 | $-0.12 | $1.33 |
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 | — |
| Total DebtLower is stronger | $5.1B | $575.0M |
| Stockholders' EquityBook value | $-1.8B | $2.4B |
| Total Assets | $5.1B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | — | ||
| Q3 25 | $192.2M | — | ||
| 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 | $575.0M | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | $575.0M | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $-1.8B | $2.4B | ||
| Q3 25 | $-1.8B | $2.2B | ||
| Q2 25 | $-1.7B | $2.0B | ||
| Q1 25 | $-1.6B | $1.8B | ||
| Q4 24 | $-1.4B | $1.9B | ||
| Q3 24 | $-1.4B | $1.9B | ||
| Q2 24 | $-1.4B | $1.6B | ||
| Q1 24 | $-398.6M | $1.6B |
| Q4 25 | $5.1B | $9.6B | ||
| Q3 25 | $5.1B | $9.4B | ||
| Q2 25 | $5.4B | $9.1B | ||
| Q1 25 | $5.3B | $9.0B | ||
| Q4 24 | $5.6B | $8.3B | ||
| Q3 24 | $5.8B | $8.2B | ||
| Q2 24 | $5.8B | $7.7B | ||
| Q1 24 | $6.8B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | $137.6M | $273.9M |
| FCF MarginFCF / Revenue | 12.2% | 17.8% |
| Capex IntensityCapex / Revenue | 1.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $287.9M | ||
| Q3 25 | $-9.5M | $496.4M | ||
| Q2 25 | $6.8M | $371.6M | ||
| Q1 25 | $-60.9M | $-68.7M | ||
| Q4 24 | $1.2M | $248.3M | ||
| Q3 24 | $102.8M | $318.1M | ||
| Q2 24 | $26.7M | $278.0M | ||
| Q1 24 | $-59.3M | $192.6M |
| Q4 25 | $137.6M | $273.9M | ||
| Q3 25 | $-32.8M | $479.5M | ||
| Q2 25 | $-13.2M | $357.2M | ||
| Q1 25 | $-80.7M | $-81.9M | ||
| Q4 24 | $-24.2M | $236.0M | ||
| Q3 24 | $73.3M | $306.2M | ||
| Q2 24 | $5.6M | $266.5M | ||
| Q1 24 | $-80.9M | $182.4M |
| Q4 25 | 12.2% | 17.8% | ||
| Q3 25 | -3.3% | 30.3% | ||
| Q2 25 | -1.4% | 24.2% | ||
| Q1 25 | -10.0% | -5.9% | ||
| Q4 24 | -2.2% | 17.3% | ||
| Q3 24 | 7.3% | 20.0% | ||
| Q2 24 | 0.6% | 20.4% | ||
| Q1 24 | -10.1% | 14.3% |
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 2.3% | 1.1% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 2.4% | 0.9% | ||
| Q4 24 | 2.3% | 0.9% | ||
| Q3 24 | 2.9% | 0.8% | ||
| Q2 24 | 2.3% | 0.9% | ||
| Q1 24 | 2.7% | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.77× | ||
| Q2 25 | — | 2.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | 2.46× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 4.44× | ||
| Q1 24 | — | 2.62× |
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% |
MCY
Segment breakdown not available.
