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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× iHeartMedia, Inc.). Public Storage runs the higher net margin — 41.7% vs -3.7%, a 45.4% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
IHRT vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $-41.9M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 40.7% |
| Net Margin | -3.7% | 41.7% |
| Revenue YoY | 0.8% | 3.3% |
| Net Profit YoY | -233.1% | -17.5% |
| EPS (diluted) | $-0.25 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $997.0M | $1.2B | ||
| Q2 25 | $933.7M | $1.2B | ||
| Q1 25 | $807.1M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $929.1M | $1.2B | ||
| Q1 24 | $799.0M | $1.2B |
| Q4 25 | $-41.9M | $507.1M | ||
| Q3 25 | $-66.3M | $511.1M | ||
| Q2 25 | $-83.5M | $358.4M | ||
| Q1 25 | $-281.2M | $407.8M | ||
| Q4 24 | $31.5M | $614.6M | ||
| Q3 24 | $-41.3M | $430.3M | ||
| Q2 24 | $-981.7M | $518.1M | ||
| Q1 24 | $-18.5M | $508.9M |
| Q4 25 | 7.6% | 40.7% | ||
| Q3 25 | -11.7% | 42.3% | ||
| Q2 25 | 3.8% | 30.4% | ||
| Q1 25 | -3.2% | 34.8% | ||
| Q4 24 | 9.3% | 52.4% | ||
| Q3 24 | 7.6% | 36.7% | ||
| Q2 24 | -97.9% | 44.6% | ||
| Q1 24 | -4.3% | 44.3% |
| Q4 25 | -3.7% | 41.7% | ||
| Q3 25 | -6.6% | 41.8% | ||
| Q2 25 | -8.9% | 29.8% | ||
| Q1 25 | -34.8% | 34.5% | ||
| Q4 24 | 2.8% | 52.2% | ||
| Q3 24 | -4.1% | 36.2% | ||
| Q2 24 | -105.7% | 44.2% | ||
| Q1 24 | -2.3% | 44.0% |
| Q4 25 | $-0.25 | $2.59 | ||
| Q3 25 | $-0.43 | $2.62 | ||
| Q2 25 | $-0.54 | $1.76 | ||
| Q1 25 | $-1.84 | $2.04 | ||
| Q4 24 | $0.21 | $3.22 | ||
| Q3 24 | $-0.27 | $2.16 | ||
| Q2 24 | $-6.50 | $2.66 | ||
| Q1 24 | $-0.12 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $5.1B | $10.3B |
| Stockholders' EquityBook value | $-1.8B | $9.2B |
| Total Assets | $5.1B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $318.1M | ||
| Q3 25 | $192.2M | $296.5M | ||
| Q2 25 | $235.9M | $1.1B | ||
| Q1 25 | $167.7M | $287.2M | ||
| Q4 24 | $259.6M | $447.4M | ||
| Q3 24 | $431.8M | $599.0M | ||
| Q2 24 | $364.7M | $542.3M | ||
| Q1 24 | $361.4M | $271.6M |
| Q4 25 | $5.1B | $10.3B | ||
| Q3 25 | $5.1B | $10.0B | ||
| Q2 25 | $5.1B | $10.4B | ||
| Q1 25 | $5.1B | $9.4B | ||
| Q4 24 | $5.1B | $9.4B | ||
| Q3 24 | $5.2B | $9.5B | ||
| Q2 24 | $5.2B | $9.4B | ||
| Q1 24 | $5.1B | $9.1B |
| Q4 25 | $-1.8B | $9.2B | ||
| Q3 25 | $-1.8B | $9.3B | ||
| Q2 25 | $-1.7B | $9.4B | ||
| Q1 25 | $-1.6B | $9.6B | ||
| Q4 24 | $-1.4B | $9.7B | ||
| Q3 24 | $-1.4B | $9.6B | ||
| Q2 24 | $-1.4B | $9.7B | ||
| Q1 24 | $-398.6M | $9.9B |
| Q4 25 | $5.1B | $20.2B | ||
| Q3 25 | $5.1B | $20.1B | ||
| Q2 25 | $5.4B | $20.5B | ||
| Q1 25 | $5.3B | $19.6B | ||
| Q4 24 | $5.6B | $19.8B | ||
| Q3 24 | $5.8B | $19.8B | ||
| Q2 24 | $5.8B | $19.8B | ||
| Q1 24 | $6.8B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $137.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $733.6M | ||
| Q3 25 | $-9.5M | $875.1M | ||
| Q2 25 | $6.8M | $872.7M | ||
| Q1 25 | $-60.9M | $705.1M | ||
| Q4 24 | $1.2M | $768.6M | ||
| Q3 24 | $102.8M | $798.8M | ||
| Q2 24 | $26.7M | $895.3M | ||
| Q1 24 | $-59.3M | $665.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.43× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 0.04× | 1.25× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
