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

iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.1× PLEXUS CORP). PLEXUS CORP runs the higher net margin — 3.8% vs -3.7%, a 7.6% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (9.6% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 7.9%).

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.

Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.

IHRT vs PLXS — Head-to-Head

Bigger by revenue
IHRT
IHRT
1.1× larger
IHRT
$1.1B
$1.1B
PLXS
Growing faster (revenue YoY)
PLXS
PLXS
+8.8% gap
PLXS
9.6%
0.8%
IHRT
Higher net margin
PLXS
PLXS
7.6% more per $
PLXS
3.8%
-3.7%
IHRT
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
7.9%
PLXS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHRT
IHRT
PLXS
PLXS
Revenue
$1.1B
$1.1B
Net Profit
$-41.9M
$41.2M
Gross Margin
9.9%
Operating Margin
7.6%
5.1%
Net Margin
-3.7%
3.8%
Revenue YoY
0.8%
9.6%
Net Profit YoY
-233.1%
-19.9%
EPS (diluted)
$-0.25
$1.51

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
PLXS
PLXS
Q1 26
$1.1B
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
Net Profit
IHRT
IHRT
PLXS
PLXS
Q1 26
$41.2M
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
Gross Margin
IHRT
IHRT
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
IHRT
IHRT
PLXS
PLXS
Q1 26
5.1%
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%
Net Margin
IHRT
IHRT
PLXS
PLXS
Q1 26
3.8%
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%
EPS (diluted)
IHRT
IHRT
PLXS
PLXS
Q1 26
$1.51
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

Balance Sheet & Financial Strength

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

Metric
IHRT
IHRT
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$270.9M
$248.8M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-1.8B
$1.5B
Total Assets
$5.1B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHRT
IHRT
PLXS
PLXS
Q1 26
$248.8M
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
Total Debt
IHRT
IHRT
PLXS
PLXS
Q1 26
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
Stockholders' Equity
IHRT
IHRT
PLXS
PLXS
Q1 26
$1.5B
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
Total Assets
IHRT
IHRT
PLXS
PLXS
Q1 26
$3.2B
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

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
PLXS
PLXS
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.

Operating Cash Flow
IHRT
IHRT
PLXS
PLXS
Q1 26
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
Free Cash Flow
IHRT
IHRT
PLXS
PLXS
Q1 26
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
FCF Margin
IHRT
IHRT
PLXS
PLXS
Q1 26
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%
Capex Intensity
IHRT
IHRT
PLXS
PLXS
Q1 26
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%
Cash Conversion
IHRT
IHRT
PLXS
PLXS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.04×
Q3 24
Q2 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%

PLXS
PLXS

Asia-Pacific$612.0M57%
Americas$345.0M32%
Europe, Middle East and Africa$118.0M11%

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