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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Meritage Homes CORP (MTH). Click either name above to swap in a different company.

Meritage Homes CORP is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× iHeartMedia, Inc.). Meritage Homes CORP runs the higher net margin — 17.7% vs -3.7%, a 21.4% gap on every dollar of revenue. On growth, Meritage Homes CORP posted the faster year-over-year revenue change (10.5% vs 0.8%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $-225.4M).

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.

Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the fifth largest home builder in the United States, based on 2023 home sales. The company also develops active adult communities and luxury real estate in Arizona.

IHRT vs MTH — Head-to-Head

Bigger by revenue
MTH
MTH
1.3× larger
MTH
$1.4B
$1.1B
IHRT
Growing faster (revenue YoY)
MTH
MTH
+9.7% gap
MTH
10.5%
0.8%
IHRT
Higher net margin
MTH
MTH
21.4% more per $
MTH
17.7%
-3.7%
IHRT
More free cash flow
IHRT
IHRT
$363.0M more FCF
IHRT
$137.6M
$-225.4M
MTH

Income Statement — Q4 FY2025 vs Q2 FY2022

Metric
IHRT
IHRT
MTH
MTH
Revenue
$1.1B
$1.4B
Net Profit
$-41.9M
$250.1M
Gross Margin
31.5%
Operating Margin
7.6%
23.5%
Net Margin
-3.7%
17.7%
Revenue YoY
0.8%
10.5%
Net Profit YoY
-233.1%
49.4%
EPS (diluted)
$-0.25
$6.77

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
MTH
MTH
Q4 25
$1.1B
Q3 25
$997.0M
Q2 25
$933.7M
Q1 25
$807.1M
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$929.1M
Q1 24
$799.0M
Net Profit
IHRT
IHRT
MTH
MTH
Q4 25
$-41.9M
Q3 25
$-66.3M
Q2 25
$-83.5M
Q1 25
$-281.2M
Q4 24
$31.5M
Q3 24
$-41.3M
Q2 24
$-981.7M
Q1 24
$-18.5M
Operating Margin
IHRT
IHRT
MTH
MTH
Q4 25
7.6%
Q3 25
-11.7%
Q2 25
3.8%
Q1 25
-3.2%
Q4 24
9.3%
Q3 24
7.6%
Q2 24
-97.9%
Q1 24
-4.3%
Net Margin
IHRT
IHRT
MTH
MTH
Q4 25
-3.7%
Q3 25
-6.6%
Q2 25
-8.9%
Q1 25
-34.8%
Q4 24
2.8%
Q3 24
-4.1%
Q2 24
-105.7%
Q1 24
-2.3%
EPS (diluted)
IHRT
IHRT
MTH
MTH
Q4 25
$-0.25
Q3 25
$-0.43
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
IHRT
IHRT
MTH
MTH
Cash + ST InvestmentsLiquidity on hand
$270.9M
$272.1M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-1.8B
$3.4B
Total Assets
$5.1B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHRT
IHRT
MTH
MTH
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
Total Debt
IHRT
IHRT
MTH
MTH
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
MTH
MTH
Q4 25
$-1.8B
Q3 25
$-1.8B
Q2 25
$-1.7B
Q1 25
$-1.6B
Q4 24
$-1.4B
Q3 24
$-1.4B
Q2 24
$-1.4B
Q1 24
$-398.6M
Total Assets
IHRT
IHRT
MTH
MTH
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.4B
Q1 25
$5.3B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$5.8B
Q1 24
$6.8B

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
MTH
MTH
Operating Cash FlowLast quarter
$156.3M
$-219.0M
Free Cash FlowOCF − Capex
$137.6M
$-225.4M
FCF MarginFCF / Revenue
12.2%
-16.0%
Capex IntensityCapex / Revenue
1.7%
0.5%
Cash ConversionOCF / Net Profit
-0.88×
TTM Free Cash FlowTrailing 4 quarters
$10.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHRT
IHRT
MTH
MTH
Q4 25
$156.3M
Q3 25
$-9.5M
Q2 25
$6.8M
Q1 25
$-60.9M
Q4 24
$1.2M
Q3 24
$102.8M
Q2 24
$26.7M
Q1 24
$-59.3M
Free Cash Flow
IHRT
IHRT
MTH
MTH
Q4 25
$137.6M
Q3 25
$-32.8M
Q2 25
$-13.2M
Q1 25
$-80.7M
Q4 24
$-24.2M
Q3 24
$73.3M
Q2 24
$5.6M
Q1 24
$-80.9M
FCF Margin
IHRT
IHRT
MTH
MTH
Q4 25
12.2%
Q3 25
-3.3%
Q2 25
-1.4%
Q1 25
-10.0%
Q4 24
-2.2%
Q3 24
7.3%
Q2 24
0.6%
Q1 24
-10.1%
Capex Intensity
IHRT
IHRT
MTH
MTH
Q4 25
1.7%
Q3 25
2.3%
Q2 25
2.1%
Q1 25
2.4%
Q4 24
2.3%
Q3 24
2.9%
Q2 24
2.3%
Q1 24
2.7%
Cash Conversion
IHRT
IHRT
MTH
MTH
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
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%

MTH
MTH

Home Building$1.4B100%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$9.8M1%
Financial Service$5.1M0%
Land Closing$3.4M0%

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