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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $622.0M, roughly 1.8× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs -3.7%, a 38.2% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 4.6%).
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.
Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.
IHRT vs RPRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $622.0M |
| Net Profit | $-41.9M | $214.2M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 62.4% |
| Net Margin | -3.7% | 34.4% |
| Revenue YoY | 0.8% | 4.8% |
| Net Profit YoY | -233.1% | 2.9% |
| EPS (diluted) | $-0.25 | $0.49 |
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 | $622.0M | ||
| Q3 25 | $997.0M | $609.3M | ||
| Q2 25 | $933.7M | $578.7M | ||
| Q1 25 | $807.1M | $568.2M | ||
| Q4 24 | $1.1B | $593.6M | ||
| Q3 24 | $1.0B | $564.7M | ||
| Q2 24 | $929.1M | $537.3M | ||
| Q1 24 | $799.0M | $568.0M |
| Q4 25 | $-41.9M | $214.2M | ||
| Q3 25 | $-66.3M | $288.2M | ||
| Q2 25 | $-83.5M | $30.2M | ||
| Q1 25 | $-281.2M | $238.3M | ||
| Q4 24 | $31.5M | $208.2M | ||
| Q3 24 | $-41.3M | $544.0M | ||
| Q2 24 | $-981.7M | $102.0M | ||
| Q1 24 | $-18.5M | $4.8M |
| Q4 25 | 7.6% | 62.4% | ||
| Q3 25 | -11.7% | 70.1% | ||
| Q2 25 | 3.8% | 36.3% | ||
| Q1 25 | -3.2% | 94.0% | ||
| Q4 24 | 9.3% | 60.9% | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | -97.9% | 50.2% | ||
| Q1 24 | -4.3% | -13.0% |
| Q4 25 | -3.7% | 34.4% | ||
| Q3 25 | -6.6% | 47.3% | ||
| Q2 25 | -8.9% | 5.2% | ||
| Q1 25 | -34.8% | 41.9% | ||
| Q4 24 | 2.8% | 35.1% | ||
| Q3 24 | -4.1% | 96.3% | ||
| Q2 24 | -105.7% | 19.0% | ||
| Q1 24 | -2.3% | 0.8% |
| Q4 25 | $-0.25 | $0.49 | ||
| Q3 25 | $-0.43 | $0.67 | ||
| Q2 25 | $-0.54 | $0.07 | ||
| Q1 25 | $-1.84 | $0.55 | ||
| Q4 24 | $0.21 | $0.46 | ||
| Q3 24 | $-0.27 | $1.21 | ||
| Q2 24 | $-6.50 | $0.23 | ||
| Q1 24 | $-0.12 | $0.01 |
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 | $618.7M |
| Total DebtLower is stronger | $5.1B | $9.0B |
| Stockholders' EquityBook value | $-1.8B | $9.7B |
| Total Assets | $5.1B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $618.7M | ||
| Q3 25 | $192.2M | $938.9M | ||
| Q2 25 | $235.9M | $631.9M | ||
| Q1 25 | $167.7M | $1.1B | ||
| Q4 24 | $259.6M | $929.0M | ||
| Q3 24 | $431.8M | $950.1M | ||
| Q2 24 | $364.7M | $1.8B | ||
| Q1 24 | $361.4M | $843.0M |
| Q4 25 | $5.1B | $9.0B | ||
| Q3 25 | $5.1B | $8.9B | ||
| Q2 25 | $5.1B | $8.0B | ||
| Q1 25 | $5.1B | $7.6B | ||
| Q4 24 | $5.1B | $7.6B | ||
| Q3 24 | $5.2B | $7.6B | ||
| Q2 24 | $5.2B | $7.6B | ||
| Q1 24 | $5.1B | $6.1B |
| Q4 25 | $-1.8B | $9.7B | ||
| Q3 25 | $-1.8B | $9.6B | ||
| Q2 25 | $-1.7B | $9.5B | ||
| Q1 25 | $-1.6B | $9.8B | ||
| Q4 24 | $-1.4B | $10.3B | ||
| Q3 24 | $-1.4B | $10.3B | ||
| Q2 24 | $-1.4B | $9.8B | ||
| Q1 24 | $-398.6M | $9.9B |
| Q4 25 | $5.1B | $19.6B | ||
| Q3 25 | $5.1B | $19.3B | ||
| Q2 25 | $5.4B | $18.3B | ||
| Q1 25 | $5.3B | $17.6B | ||
| Q4 24 | $5.6B | $18.2B | ||
| Q3 24 | $5.8B | $18.0B | ||
| Q2 24 | $5.8B | $17.7B | ||
| Q1 24 | $6.8B | $16.1B |
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| Free Cash FlowOCF − Capex | $137.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.86× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $827.1M | ||
| Q3 25 | $-9.5M | $702.6M | ||
| Q2 25 | $6.8M | $364.0M | ||
| Q1 25 | $-60.9M | $596.1M | ||
| Q4 24 | $1.2M | $742.5M | ||
| Q3 24 | $102.8M | $703.6M | ||
| Q2 24 | $26.7M | $658.2M | ||
| Q1 24 | $-59.3M | $664.6M |
| 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 | — | 3.86× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 12.06× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | 0.04× | 3.57× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | — | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
