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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $962.4M, roughly 1.2× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -3.7%, a 19.7% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 0.8%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $121.4M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 6.4%).

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.

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

IHRT vs MLI — Head-to-Head

Bigger by revenue
IHRT
IHRT
1.2× larger
IHRT
$1.1B
$962.4M
MLI
Growing faster (revenue YoY)
MLI
MLI
+3.4% gap
MLI
4.2%
0.8%
IHRT
Higher net margin
MLI
MLI
19.7% more per $
MLI
16.0%
-3.7%
IHRT
More free cash flow
IHRT
IHRT
$16.2M more FCF
IHRT
$137.6M
$121.4M
MLI
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHRT
IHRT
MLI
MLI
Revenue
$1.1B
$962.4M
Net Profit
$-41.9M
$153.7M
Gross Margin
Operating Margin
7.6%
17.9%
Net Margin
-3.7%
16.0%
Revenue YoY
0.8%
4.2%
Net Profit YoY
-233.1%
11.7%
EPS (diluted)
$-0.25
$1.37

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.

Revenue
IHRT
IHRT
MLI
MLI
Q4 25
$1.1B
$962.4M
Q3 25
$997.0M
$1.1B
Q2 25
$933.7M
$1.1B
Q1 25
$807.1M
$1.0B
Q4 24
$1.1B
$923.5M
Q3 24
$1.0B
$997.8M
Q2 24
$929.1M
$997.7M
Q1 24
$799.0M
$849.7M
Net Profit
IHRT
IHRT
MLI
MLI
Q4 25
$-41.9M
$153.7M
Q3 25
$-66.3M
$208.1M
Q2 25
$-83.5M
$245.9M
Q1 25
$-281.2M
$157.4M
Q4 24
$31.5M
$137.7M
Q3 24
$-41.3M
$168.7M
Q2 24
$-981.7M
$160.2M
Q1 24
$-18.5M
$138.4M
Gross Margin
IHRT
IHRT
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
IHRT
IHRT
MLI
MLI
Q4 25
7.6%
17.9%
Q3 25
-11.7%
25.6%
Q2 25
3.8%
26.7%
Q1 25
-3.2%
20.6%
Q4 24
9.3%
18.4%
Q3 24
7.6%
20.7%
Q2 24
-97.9%
21.0%
Q1 24
-4.3%
21.6%
Net Margin
IHRT
IHRT
MLI
MLI
Q4 25
-3.7%
16.0%
Q3 25
-6.6%
19.3%
Q2 25
-8.9%
21.6%
Q1 25
-34.8%
15.7%
Q4 24
2.8%
14.9%
Q3 24
-4.1%
16.9%
Q2 24
-105.7%
16.1%
Q1 24
-2.3%
16.3%
EPS (diluted)
IHRT
IHRT
MLI
MLI
Q4 25
$-0.25
$1.37
Q3 25
$-0.43
$1.88
Q2 25
$-0.54
$2.22
Q1 25
$-1.84
$1.39
Q4 24
$0.21
$1.21
Q3 24
$-0.27
$1.48
Q2 24
$-6.50
$1.41
Q1 24
$-0.12
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IHRT
IHRT
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$270.9M
$1.4B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-1.8B
$3.2B
Total Assets
$5.1B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHRT
IHRT
MLI
MLI
Q4 25
$270.9M
$1.4B
Q3 25
$192.2M
$1.3B
Q2 25
$235.9M
$1.1B
Q1 25
$167.7M
$873.6M
Q4 24
$259.6M
$1.1B
Q3 24
$431.8M
$969.6M
Q2 24
$364.7M
$825.7M
Q1 24
$361.4M
$1.4B
Total Debt
IHRT
IHRT
MLI
MLI
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.1B
Q1 25
$5.1B
Q4 24
$5.1B
Q3 24
$5.2B
Q2 24
$5.2B
Q1 24
$5.1B
Stockholders' Equity
IHRT
IHRT
MLI
MLI
Q4 25
$-1.8B
$3.2B
Q3 25
$-1.8B
$3.1B
Q2 25
$-1.7B
$2.9B
Q1 25
$-1.6B
$2.7B
Q4 24
$-1.4B
$2.8B
Q3 24
$-1.4B
$2.7B
Q2 24
$-1.4B
$2.5B
Q1 24
$-398.6M
$2.4B
Total Assets
IHRT
IHRT
MLI
MLI
Q4 25
$5.1B
$3.7B
Q3 25
$5.1B
$3.7B
Q2 25
$5.4B
$3.5B
Q1 25
$5.3B
$3.2B
Q4 24
$5.6B
$3.3B
Q3 24
$5.8B
$3.2B
Q2 24
$5.8B
$3.1B
Q1 24
$6.8B
$2.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IHRT
IHRT
MLI
MLI
Operating Cash FlowLast quarter
$156.3M
$141.2M
Free Cash FlowOCF − Capex
$137.6M
$121.4M
FCF MarginFCF / Revenue
12.2%
12.6%
Capex IntensityCapex / Revenue
1.7%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$10.9M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHRT
IHRT
MLI
MLI
Q4 25
$156.3M
$141.2M
Q3 25
$-9.5M
$310.1M
Q2 25
$6.8M
$190.6M
Q1 25
$-60.9M
$113.6M
Q4 24
$1.2M
$140.1M
Q3 24
$102.8M
$231.4M
Q2 24
$26.7M
$100.8M
Q1 24
$-59.3M
$173.6M
Free Cash Flow
IHRT
IHRT
MLI
MLI
Q4 25
$137.6M
$121.4M
Q3 25
$-32.8M
$291.8M
Q2 25
$-13.2M
$176.5M
Q1 25
$-80.7M
$97.0M
Q4 24
$-24.2M
$111.2M
Q3 24
$73.3M
$205.7M
Q2 24
$5.6M
$91.6M
Q1 24
$-80.9M
$157.2M
FCF Margin
IHRT
IHRT
MLI
MLI
Q4 25
12.2%
12.6%
Q3 25
-3.3%
27.1%
Q2 25
-1.4%
15.5%
Q1 25
-10.0%
9.7%
Q4 24
-2.2%
12.0%
Q3 24
7.3%
20.6%
Q2 24
0.6%
9.2%
Q1 24
-10.1%
18.5%
Capex Intensity
IHRT
IHRT
MLI
MLI
Q4 25
1.7%
2.1%
Q3 25
2.3%
1.7%
Q2 25
2.1%
1.2%
Q1 25
2.4%
1.7%
Q4 24
2.3%
3.1%
Q3 24
2.9%
2.6%
Q2 24
2.3%
0.9%
Q1 24
2.7%
1.9%
Cash Conversion
IHRT
IHRT
MLI
MLI
Q4 25
0.92×
Q3 25
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
0.04×
1.02×
Q3 24
1.37×
Q2 24
0.63×
Q1 24
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IHRT
IHRT

Broadcast Radio$469.9M42%
Digital Non Podcast$212.9M19%
Tradeand Barter Transactions$124.4M11%
Networks$118.2M10%
Audio And Media Services Group Segment$78.9M7%
Sponsorship And Events$71.4M6%
Advertising Trade And Barter Transactions$23.7M2%
Other$22.7M2%

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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