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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $822.5M, roughly 1.4× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs -3.7%, a 38.3% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 0.8%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $137.6M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
IHRT vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $822.5M |
| Net Profit | $-41.9M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 56.4% |
| Net Margin | -3.7% | 34.6% |
| Revenue YoY | 0.8% | 10.6% |
| Net Profit YoY | -233.1% | -6.8% |
| EPS (diluted) | $-0.25 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $997.0M | $793.4M | ||
| Q2 25 | $933.7M | $772.7M | ||
| Q1 25 | $807.1M | $745.8M | ||
| Q4 24 | $1.1B | $743.5M | ||
| Q3 24 | $1.0B | $724.7M | ||
| Q2 24 | $929.1M | $707.9M | ||
| Q1 24 | $799.0M | $680.0M |
| Q4 25 | $-41.9M | $284.7M | ||
| Q3 25 | $-66.3M | $325.4M | ||
| Q2 25 | $-83.5M | $303.6M | ||
| Q1 25 | $-281.2M | $288.6M | ||
| Q4 24 | $31.5M | $305.5M | ||
| Q3 24 | $-41.3M | $280.9M | ||
| Q2 24 | $-981.7M | $266.8M | ||
| Q1 24 | $-18.5M | $256.0M |
| Q4 25 | 7.6% | 56.4% | ||
| Q3 25 | -11.7% | 56.4% | ||
| Q2 25 | 3.8% | 55.0% | ||
| Q1 25 | -3.2% | 50.6% | ||
| Q4 24 | 9.3% | 54.5% | ||
| Q3 24 | 7.6% | 55.4% | ||
| Q2 24 | -97.9% | 54.0% | ||
| Q1 24 | -4.3% | 49.9% |
| Q4 25 | -3.7% | 34.6% | ||
| Q3 25 | -6.6% | 41.0% | ||
| Q2 25 | -8.9% | 39.3% | ||
| Q1 25 | -34.8% | 38.7% | ||
| Q4 24 | 2.8% | 41.1% | ||
| Q3 24 | -4.1% | 38.8% | ||
| Q2 24 | -105.7% | 37.7% | ||
| Q1 24 | -2.3% | 37.6% |
| Q4 25 | $-0.25 | $3.81 | ||
| Q3 25 | $-0.43 | $4.25 | ||
| Q2 25 | $-0.54 | $3.92 | ||
| Q1 25 | $-1.84 | $3.71 | ||
| Q4 24 | $0.21 | $3.89 | ||
| Q3 24 | $-0.27 | $3.57 | ||
| Q2 24 | $-6.50 | $3.37 | ||
| Q1 24 | $-0.12 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $5.1B | $6.2B |
| Stockholders' EquityBook value | $-1.8B | $-2.7B |
| Total Assets | $5.1B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $515.3M | ||
| Q3 25 | $192.2M | $400.1M | ||
| Q2 25 | $235.9M | $347.3M | ||
| Q1 25 | $167.7M | $360.7M | ||
| Q4 24 | $259.6M | $409.4M | ||
| Q3 24 | $431.8M | $501.0M | ||
| Q2 24 | $364.7M | $451.4M | ||
| Q1 24 | $361.4M | $519.3M |
| Q4 25 | $5.1B | $6.2B | ||
| Q3 25 | $5.1B | $5.5B | ||
| Q2 25 | $5.1B | $4.5B | ||
| Q1 25 | $5.1B | $4.5B | ||
| Q4 24 | $5.1B | $4.5B | ||
| Q3 24 | $5.2B | $4.5B | ||
| Q2 24 | $5.2B | $4.5B | ||
| Q1 24 | $5.1B | $4.5B |
| Q4 25 | $-1.8B | $-2.7B | ||
| Q3 25 | $-1.8B | $-1.9B | ||
| Q2 25 | $-1.7B | $-886.2M | ||
| Q1 25 | $-1.6B | $-958.6M | ||
| Q4 24 | $-1.4B | $-940.0M | ||
| Q3 24 | $-1.4B | $-751.0M | ||
| Q2 24 | $-1.4B | $-734.5M | ||
| Q1 24 | $-398.6M | $-650.5M |
| Q4 25 | $5.1B | $5.7B | ||
| Q3 25 | $5.1B | $5.4B | ||
| Q2 25 | $5.4B | $5.4B | ||
| Q1 25 | $5.3B | $5.3B | ||
| Q4 24 | $5.6B | $5.4B | ||
| Q3 24 | $5.8B | $5.4B | ||
| Q2 24 | $5.8B | $5.5B | ||
| Q1 24 | $6.8B | $5.5B |
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 | $501.1M |
| Free Cash FlowOCF − Capex | $137.6M | $488.7M |
| FCF MarginFCF / Revenue | 12.2% | 59.4% |
| Capex IntensityCapex / Revenue | 1.7% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $501.1M | ||
| Q3 25 | $-9.5M | $449.4M | ||
| Q2 25 | $6.8M | $336.1M | ||
| Q1 25 | $-60.9M | $301.7M | ||
| Q4 24 | $1.2M | $430.6M | ||
| Q3 24 | $102.8M | $421.6M | ||
| Q2 24 | $26.7M | $349.2M | ||
| Q1 24 | $-59.3M | $300.1M |
| Q4 25 | $137.6M | $488.7M | ||
| Q3 25 | $-32.8M | $445.5M | ||
| Q2 25 | $-13.2M | $324.7M | ||
| Q1 25 | $-80.7M | $290.2M | ||
| Q4 24 | $-24.2M | $416.4M | ||
| Q3 24 | $73.3M | $415.0M | ||
| Q2 24 | $5.6M | $340.6M | ||
| Q1 24 | $-80.9M | $295.9M |
| Q4 25 | 12.2% | 59.4% | ||
| Q3 25 | -3.3% | 56.2% | ||
| Q2 25 | -1.4% | 42.0% | ||
| Q1 25 | -10.0% | 38.9% | ||
| Q4 24 | -2.2% | 56.0% | ||
| Q3 24 | 7.3% | 57.3% | ||
| Q2 24 | 0.6% | 48.1% | ||
| Q1 24 | -10.1% | 43.5% |
| Q4 25 | 1.7% | 1.5% | ||
| Q3 25 | 2.3% | 0.5% | ||
| Q2 25 | 2.1% | 1.5% | ||
| Q1 25 | 2.4% | 1.5% | ||
| Q4 24 | 2.3% | 1.9% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.7% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 0.04× | 1.41× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | — | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
