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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× iHeartMedia, Inc.). RXO, Inc. runs the higher net margin — -3.1% vs -3.7%, a 0.6% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs -11.9%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 18.8%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
IHRT vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $-41.9M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | -2.9% |
| Net Margin | -3.7% | -3.1% |
| Revenue YoY | 0.8% | -11.9% |
| Net Profit YoY | -233.1% | -84.0% |
| EPS (diluted) | $-0.25 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $997.0M | $1.4B | ||
| Q2 25 | $933.7M | $1.4B | ||
| Q1 25 | $807.1M | $1.4B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $929.1M | $930.0M | ||
| Q1 24 | $799.0M | $913.0M |
| Q4 25 | $-41.9M | $-46.0M | ||
| Q3 25 | $-66.3M | $-14.0M | ||
| Q2 25 | $-83.5M | $-9.0M | ||
| Q1 25 | $-281.2M | $-31.0M | ||
| Q4 24 | $31.5M | $-25.0M | ||
| Q3 24 | $-41.3M | $-243.0M | ||
| Q2 24 | $-981.7M | $-7.0M | ||
| Q1 24 | $-18.5M | $-15.0M |
| Q4 25 | 7.6% | -2.9% | ||
| Q3 25 | -11.7% | -0.5% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -3.2% | -2.1% | ||
| Q4 24 | 9.3% | -1.4% | ||
| Q3 24 | 7.6% | -1.9% | ||
| Q2 24 | -97.9% | — | ||
| Q1 24 | -4.3% | -1.3% |
| Q4 25 | -3.7% | -3.1% | ||
| Q3 25 | -6.6% | -1.0% | ||
| Q2 25 | -8.9% | -0.6% | ||
| Q1 25 | -34.8% | -2.2% | ||
| Q4 24 | 2.8% | -1.5% | ||
| Q3 24 | -4.1% | -23.4% | ||
| Q2 24 | -105.7% | -0.8% | ||
| Q1 24 | -2.3% | -1.6% |
| Q4 25 | $-0.25 | $-0.28 | ||
| Q3 25 | $-0.43 | $-0.08 | ||
| Q2 25 | $-0.54 | $-0.05 | ||
| Q1 25 | $-1.84 | $-0.18 | ||
| Q4 24 | $0.21 | $-0.17 | ||
| Q3 24 | $-0.27 | $-1.81 | ||
| Q2 24 | $-6.50 | $-0.06 | ||
| Q1 24 | $-0.12 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $5.1B | $387.0M |
| Stockholders' EquityBook value | $-1.8B | $1.5B |
| Total Assets | $5.1B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $17.0M | ||
| Q3 25 | $192.2M | $25.0M | ||
| Q2 25 | $235.9M | $18.0M | ||
| Q1 25 | $167.7M | $16.0M | ||
| Q4 24 | $259.6M | $35.0M | ||
| Q3 24 | $431.8M | $55.0M | ||
| Q2 24 | $364.7M | $7.0M | ||
| Q1 24 | $361.4M | $7.0M |
| Q4 25 | $5.1B | $387.0M | ||
| Q3 25 | $5.1B | $387.0M | ||
| Q2 25 | $5.1B | $387.0M | ||
| Q1 25 | $5.1B | $387.0M | ||
| Q4 24 | $5.1B | $351.0M | ||
| Q3 24 | $5.2B | $352.0M | ||
| Q2 24 | $5.2B | $370.0M | ||
| Q1 24 | $5.1B | $351.0M |
| Q4 25 | $-1.8B | $1.5B | ||
| Q3 25 | $-1.8B | $1.6B | ||
| Q2 25 | $-1.7B | $1.6B | ||
| Q1 25 | $-1.6B | $1.6B | ||
| Q4 24 | $-1.4B | $1.6B | ||
| Q3 24 | $-1.4B | $1.7B | ||
| Q2 24 | $-1.4B | $579.0M | ||
| Q1 24 | $-398.6M | $582.0M |
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $5.4B | $3.2B | ||
| Q1 25 | $5.3B | $3.3B | ||
| Q4 24 | $5.6B | $3.4B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.8B | $1.8B | ||
| Q1 24 | $6.8B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $137.6M | $-9.0M |
| FCF MarginFCF / Revenue | 12.2% | -0.6% |
| Capex IntensityCapex / Revenue | 1.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $7.0M | ||
| Q3 25 | $-9.5M | $23.0M | ||
| Q2 25 | $6.8M | $23.0M | ||
| Q1 25 | $-60.9M | $-2.0M | ||
| Q4 24 | $1.2M | $-7.0M | ||
| Q3 24 | $102.8M | $-7.0M | ||
| Q2 24 | $26.7M | $-5.0M | ||
| Q1 24 | $-59.3M | $7.0M |
| Q4 25 | $137.6M | $-9.0M | ||
| Q3 25 | $-32.8M | $9.0M | ||
| Q2 25 | $-13.2M | $9.0M | ||
| Q1 25 | $-80.7M | $-17.0M | ||
| Q4 24 | $-24.2M | $-19.0M | ||
| Q3 24 | $73.3M | $-18.0M | ||
| Q2 24 | $5.6M | $-16.0M | ||
| Q1 24 | $-80.9M | $-4.0M |
| Q4 25 | 12.2% | -0.6% | ||
| Q3 25 | -3.3% | 0.6% | ||
| Q2 25 | -1.4% | 0.6% | ||
| Q1 25 | -10.0% | -1.2% | ||
| Q4 24 | -2.2% | -1.1% | ||
| Q3 24 | 7.3% | -1.7% | ||
| Q2 24 | 0.6% | -1.7% | ||
| Q1 24 | -10.1% | -0.4% |
| Q4 25 | 1.7% | 1.1% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 2.4% | 1.0% | ||
| Q4 24 | 2.3% | 0.7% | ||
| Q3 24 | 2.9% | 1.1% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.7% | 1.2% |
| 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
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
