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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $943.2M, roughly 1.2× Sally Beauty Holdings, Inc.). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs -3.7%, a 8.5% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs 0.6%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $57.5M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
IHRT vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $943.2M |
| Net Profit | $-41.9M | $45.6M |
| Gross Margin | — | 51.2% |
| Operating Margin | 7.6% | 8.1% |
| Net Margin | -3.7% | 4.8% |
| Revenue YoY | 0.8% | 0.6% |
| Net Profit YoY | -233.1% | -25.3% |
| EPS (diluted) | $-0.25 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $997.0M | $947.1M | ||
| Q2 25 | $933.7M | $933.3M | ||
| Q1 25 | $807.1M | $883.1M | ||
| Q4 24 | $1.1B | $937.9M | ||
| Q3 24 | $1.0B | $935.0M | ||
| Q2 24 | $929.1M | $942.3M | ||
| Q1 24 | $799.0M | $908.4M |
| Q4 25 | $-41.9M | $45.6M | ||
| Q3 25 | $-66.3M | $49.9M | ||
| Q2 25 | $-83.5M | $45.7M | ||
| Q1 25 | $-281.2M | $39.2M | ||
| Q4 24 | $31.5M | $61.0M | ||
| Q3 24 | $-41.3M | $48.1M | ||
| Q2 24 | $-981.7M | $37.7M | ||
| Q1 24 | $-18.5M | $29.2M |
| Q4 25 | — | 51.2% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 51.5% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 50.8% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 51.0% |
| Q4 25 | 7.6% | 8.1% | ||
| Q3 25 | -11.7% | 8.4% | ||
| Q2 25 | 3.8% | 8.4% | ||
| Q1 25 | -3.2% | 7.9% | ||
| Q4 24 | 9.3% | 10.7% | ||
| Q3 24 | 7.6% | 8.8% | ||
| Q2 24 | -97.9% | 7.6% | ||
| Q1 24 | -4.3% | 6.6% |
| Q4 25 | -3.7% | 4.8% | ||
| Q3 25 | -6.6% | 5.3% | ||
| Q2 25 | -8.9% | 4.9% | ||
| Q1 25 | -34.8% | 4.4% | ||
| Q4 24 | 2.8% | 6.5% | ||
| Q3 24 | -4.1% | 5.1% | ||
| Q2 24 | -105.7% | 4.0% | ||
| Q1 24 | -2.3% | 3.2% |
| Q4 25 | $-0.25 | $0.45 | ||
| Q3 25 | $-0.43 | $0.49 | ||
| Q2 25 | $-0.54 | $0.44 | ||
| Q1 25 | $-1.84 | $0.38 | ||
| Q4 24 | $0.21 | $0.58 | ||
| Q3 24 | $-0.27 | $0.45 | ||
| Q2 24 | $-6.50 | $0.36 | ||
| Q1 24 | $-0.12 | $0.27 |
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 | $157.2M |
| Total DebtLower is stronger | $5.1B | $842.5M |
| Stockholders' EquityBook value | $-1.8B | $823.6M |
| Total Assets | $5.1B | $2.9B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $157.2M | ||
| Q3 25 | $192.2M | $149.2M | ||
| Q2 25 | $235.9M | $112.8M | ||
| Q1 25 | $167.7M | $92.2M | ||
| Q4 24 | $259.6M | $105.5M | ||
| Q3 24 | $431.8M | $108.0M | ||
| Q2 24 | $364.7M | $97.4M | ||
| Q1 24 | $361.4M | $97.2M |
| Q4 25 | $5.1B | $842.5M | ||
| Q3 25 | $5.1B | $862.0M | ||
| Q2 25 | $5.1B | $882.4M | ||
| Q1 25 | $5.1B | $902.8M | ||
| Q4 24 | $5.1B | $938.1M | ||
| Q3 24 | $5.2B | $978.3M | ||
| Q2 24 | $5.2B | $978.9M | ||
| Q1 24 | $5.1B | $978.4M |
| Q4 25 | $-1.8B | $823.6M | ||
| Q3 25 | $-1.8B | $794.2M | ||
| Q2 25 | $-1.7B | $762.9M | ||
| Q1 25 | $-1.6B | $699.8M | ||
| Q4 24 | $-1.4B | $656.5M | ||
| Q3 24 | $-1.4B | $628.5M | ||
| Q2 24 | $-1.4B | $577.7M | ||
| Q1 24 | $-398.6M | $550.9M |
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $5.1B | $2.9B | ||
| Q2 25 | $5.4B | $2.7B | ||
| Q1 25 | $5.3B | $2.7B | ||
| Q4 24 | $5.6B | $2.7B | ||
| Q3 24 | $5.8B | $2.8B | ||
| Q2 24 | $5.8B | $2.7B | ||
| Q1 24 | $6.8B | $2.7B |
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | — | 1.78× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | $137.6M | $57.5M |
| FCF MarginFCF / Revenue | 12.2% | 6.1% |
| Capex IntensityCapex / Revenue | 1.7% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $93.2M | ||
| Q3 25 | $-9.5M | $120.9M | ||
| Q2 25 | $6.8M | $69.4M | ||
| Q1 25 | $-60.9M | $51.1M | ||
| Q4 24 | $1.2M | $33.5M | ||
| Q3 24 | $102.8M | $110.7M | ||
| Q2 24 | $26.7M | $47.9M | ||
| Q1 24 | $-59.3M | $36.9M |
| Q4 25 | $137.6M | $57.5M | ||
| Q3 25 | $-32.8M | $78.0M | ||
| Q2 25 | $-13.2M | $49.1M | ||
| Q1 25 | $-80.7M | $32.2M | ||
| Q4 24 | $-24.2M | $13.4M | ||
| Q3 24 | $73.3M | $73.3M | ||
| Q2 24 | $5.6M | $28.7M | ||
| Q1 24 | $-80.9M | $22.8M |
| Q4 25 | 12.2% | 6.1% | ||
| Q3 25 | -3.3% | 8.2% | ||
| Q2 25 | -1.4% | 5.3% | ||
| Q1 25 | -10.0% | 3.6% | ||
| Q4 24 | -2.2% | 1.4% | ||
| Q3 24 | 7.3% | 7.8% | ||
| Q2 24 | 0.6% | 3.1% | ||
| Q1 24 | -10.1% | 2.5% |
| Q4 25 | 1.7% | 3.8% | ||
| Q3 25 | 2.3% | 4.5% | ||
| Q2 25 | 2.1% | 2.2% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | 2.3% | 2.1% | ||
| Q3 24 | 2.9% | 4.0% | ||
| Q2 24 | 2.3% | 2.0% | ||
| Q1 24 | 2.7% | 1.6% |
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | 0.04× | 0.55× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.26× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
