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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.

Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.6× iHeartMedia, Inc.). Primoris Services Corp runs the higher net margin — 2.8% vs -3.7%, a 6.5% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 0.8%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $121.1M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 14.7%).

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.

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

IHRT vs PRIM — Head-to-Head

Bigger by revenue
PRIM
PRIM
1.6× larger
PRIM
$1.9B
$1.1B
IHRT
Growing faster (revenue YoY)
PRIM
PRIM
+5.9% gap
PRIM
6.7%
0.8%
IHRT
Higher net margin
PRIM
PRIM
6.5% more per $
PRIM
2.8%
-3.7%
IHRT
More free cash flow
IHRT
IHRT
$16.4M more FCF
IHRT
$137.6M
$121.1M
PRIM
Faster 2-yr revenue CAGR
IHRT
IHRT
Annualised
IHRT
18.8%
14.7%
PRIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHRT
IHRT
PRIM
PRIM
Revenue
$1.1B
$1.9B
Net Profit
$-41.9M
$51.7M
Gross Margin
9.4%
Operating Margin
7.6%
4.2%
Net Margin
-3.7%
2.8%
Revenue YoY
0.8%
6.7%
Net Profit YoY
-233.1%
-4.2%
EPS (diluted)
$-0.25
$0.94

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
PRIM
PRIM
Q4 25
$1.1B
$1.9B
Q3 25
$997.0M
$2.2B
Q2 25
$933.7M
$1.9B
Q1 25
$807.1M
$1.6B
Q4 24
$1.1B
$1.7B
Q3 24
$1.0B
$1.6B
Q2 24
$929.1M
$1.6B
Q1 24
$799.0M
$1.4B
Net Profit
IHRT
IHRT
PRIM
PRIM
Q4 25
$-41.9M
$51.7M
Q3 25
$-66.3M
$94.6M
Q2 25
$-83.5M
$84.3M
Q1 25
$-281.2M
$44.2M
Q4 24
$31.5M
$54.0M
Q3 24
$-41.3M
$58.4M
Q2 24
$-981.7M
$49.5M
Q1 24
$-18.5M
$18.9M
Gross Margin
IHRT
IHRT
PRIM
PRIM
Q4 25
9.4%
Q3 25
10.8%
Q2 25
12.3%
Q1 25
10.4%
Q4 24
10.6%
Q3 24
12.0%
Q2 24
11.9%
Q1 24
9.4%
Operating Margin
IHRT
IHRT
PRIM
PRIM
Q4 25
7.6%
4.2%
Q3 25
-11.7%
6.3%
Q2 25
3.8%
6.7%
Q1 25
-3.2%
4.3%
Q4 24
9.3%
5.0%
Q3 24
7.6%
6.0%
Q2 24
-97.9%
5.5%
Q1 24
-4.3%
3.1%
Net Margin
IHRT
IHRT
PRIM
PRIM
Q4 25
-3.7%
2.8%
Q3 25
-6.6%
4.3%
Q2 25
-8.9%
4.5%
Q1 25
-34.8%
2.7%
Q4 24
2.8%
3.1%
Q3 24
-4.1%
3.5%
Q2 24
-105.7%
3.2%
Q1 24
-2.3%
1.3%
EPS (diluted)
IHRT
IHRT
PRIM
PRIM
Q4 25
$-0.25
$0.94
Q3 25
$-0.43
$1.73
Q2 25
$-0.54
$1.54
Q1 25
$-1.84
$0.81
Q4 24
$0.21
$0.98
Q3 24
$-0.27
$1.07
Q2 24
$-6.50
$0.91
Q1 24
$-0.12
$0.35

Balance Sheet & Financial Strength

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

Metric
IHRT
IHRT
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$270.9M
$535.5M
Total DebtLower is stronger
$5.1B
$469.9M
Stockholders' EquityBook value
$-1.8B
$1.7B
Total Assets
$5.1B
$4.4B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHRT
IHRT
PRIM
PRIM
Q4 25
$270.9M
$535.5M
Q3 25
$192.2M
$431.4M
Q2 25
$235.9M
$390.3M
Q1 25
$167.7M
$351.6M
Q4 24
$259.6M
$455.8M
Q3 24
$431.8M
$352.7M
Q2 24
$364.7M
$207.4M
Q1 24
$361.4M
$177.6M
Total Debt
IHRT
IHRT
PRIM
PRIM
Q4 25
$5.1B
$469.9M
Q3 25
$5.1B
$486.0M
Q2 25
$5.1B
$603.1M
Q1 25
$5.1B
$612.0M
Q4 24
$5.1B
$734.8M
Q3 24
$5.2B
$903.7M
Q2 24
$5.2B
$933.0M
Q1 24
$5.1B
$951.7M
Stockholders' Equity
IHRT
IHRT
PRIM
PRIM
Q4 25
$-1.8B
$1.7B
Q3 25
$-1.8B
$1.6B
Q2 25
$-1.7B
$1.5B
Q1 25
$-1.6B
$1.4B
Q4 24
$-1.4B
$1.4B
Q3 24
$-1.4B
$1.4B
Q2 24
$-1.4B
$1.3B
Q1 24
$-398.6M
$1.2B
Total Assets
IHRT
IHRT
PRIM
PRIM
Q4 25
$5.1B
$4.4B
Q3 25
$5.1B
$4.6B
Q2 25
$5.4B
$4.5B
Q1 25
$5.3B
$4.2B
Q4 24
$5.6B
$4.2B
Q3 24
$5.8B
$4.2B
Q2 24
$5.8B
$4.0B
Q1 24
$6.8B
$4.0B
Debt / Equity
IHRT
IHRT
PRIM
PRIM
Q4 25
0.28×
Q3 25
0.30×
Q2 25
0.39×
Q1 25
0.42×
Q4 24
0.52×
Q3 24
0.67×
Q2 24
0.72×
Q1 24
0.76×

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
PRIM
PRIM
Operating Cash FlowLast quarter
$156.3M
$142.9M
Free Cash FlowOCF − Capex
$137.6M
$121.1M
FCF MarginFCF / Revenue
12.2%
6.5%
Capex IntensityCapex / Revenue
1.7%
1.2%
Cash ConversionOCF / Net Profit
2.76×
TTM Free Cash FlowTrailing 4 quarters
$10.9M
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHRT
IHRT
PRIM
PRIM
Q4 25
$156.3M
$142.9M
Q3 25
$-9.5M
$182.9M
Q2 25
$6.8M
$78.5M
Q1 25
$-60.9M
$66.2M
Q4 24
$1.2M
$298.3M
Q3 24
$102.8M
$222.5M
Q2 24
$26.7M
$16.1M
Q1 24
$-59.3M
$-28.5M
Free Cash Flow
IHRT
IHRT
PRIM
PRIM
Q4 25
$137.6M
$121.1M
Q3 25
$-32.8M
$148.4M
Q2 25
$-13.2M
$45.3M
Q1 25
$-80.7M
$25.6M
Q4 24
$-24.2M
$270.0M
Q3 24
$73.3M
$158.8M
Q2 24
$5.6M
$-8.1M
Q1 24
$-80.9M
$-38.9M
FCF Margin
IHRT
IHRT
PRIM
PRIM
Q4 25
12.2%
6.5%
Q3 25
-3.3%
6.8%
Q2 25
-1.4%
2.4%
Q1 25
-10.0%
1.6%
Q4 24
-2.2%
15.5%
Q3 24
7.3%
9.6%
Q2 24
0.6%
-0.5%
Q1 24
-10.1%
-2.8%
Capex Intensity
IHRT
IHRT
PRIM
PRIM
Q4 25
1.7%
1.2%
Q3 25
2.3%
1.6%
Q2 25
2.1%
1.8%
Q1 25
2.4%
2.5%
Q4 24
2.3%
1.6%
Q3 24
2.9%
3.9%
Q2 24
2.3%
1.5%
Q1 24
2.7%
0.7%
Cash Conversion
IHRT
IHRT
PRIM
PRIM
Q4 25
2.76×
Q3 25
1.93×
Q2 25
0.93×
Q1 25
1.50×
Q4 24
0.04×
5.53×
Q3 24
3.81×
Q2 24
0.32×
Q1 24
-1.50×

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%

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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