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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× iHeartMedia, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs -3.7%, a 9.9% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 0.8%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $137.6M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
IHRT vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.6B |
| Net Profit | $-41.9M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 7.6% | 5.2% |
| Net Margin | -3.7% | 6.2% |
| Revenue YoY | 0.8% | 22.0% |
| Net Profit YoY | -233.1% | 215.6% |
| EPS (diluted) | $-0.25 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $997.0M | $1.6B | ||
| Q2 25 | $933.7M | $1.6B | ||
| Q1 25 | $807.1M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $929.1M | $1.2B | ||
| Q1 24 | $799.0M | $1.1B |
| Q4 25 | $-41.9M | $101.0M | ||
| Q3 25 | $-66.3M | $105.0M | ||
| Q2 25 | $-83.5M | $80.0M | ||
| Q1 25 | $-281.2M | $56.0M | ||
| Q4 24 | $31.5M | $32.0M | ||
| Q3 24 | $-41.3M | $56.0M | ||
| Q2 24 | $-981.7M | $14.0M | ||
| Q1 24 | $-18.5M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 7.6% | 5.2% | ||
| Q3 25 | -11.7% | 5.1% | ||
| Q2 25 | 3.8% | 5.2% | ||
| Q1 25 | -3.2% | 3.2% | ||
| Q4 24 | 9.3% | 2.5% | ||
| Q3 24 | 7.6% | 2.6% | ||
| Q2 24 | -97.9% | 0.4% | ||
| Q1 24 | -4.3% | -5.2% |
| Q4 25 | -3.7% | 6.2% | ||
| Q3 25 | -6.6% | 6.4% | ||
| Q2 25 | -8.9% | 5.2% | ||
| Q1 25 | -34.8% | 4.2% | ||
| Q4 24 | 2.8% | 2.4% | ||
| Q3 24 | -4.1% | 4.3% | ||
| Q2 24 | -105.7% | 1.1% | ||
| Q1 24 | -2.3% | -7.7% |
| Q4 25 | $-0.25 | $0.18 | ||
| Q3 25 | $-0.43 | $0.16 | ||
| Q2 25 | $-0.54 | $0.13 | ||
| Q1 25 | $-1.84 | $0.09 | ||
| Q4 24 | $0.21 | $0.09 | ||
| Q3 24 | $-0.27 | $0.07 | ||
| Q2 24 | $-6.50 | $0.02 | ||
| Q1 24 | $-0.12 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $-1.8B | $2.1B |
| Total Assets | $5.1B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $1.4B | ||
| Q3 25 | $192.2M | $1.4B | ||
| Q2 25 | $235.9M | $1.2B | ||
| Q1 25 | $167.7M | $1.0B | ||
| Q4 24 | $259.6M | $903.0M | ||
| Q3 24 | $431.8M | $761.0M | ||
| Q2 24 | $364.7M | $691.0M | ||
| Q1 24 | $361.4M | $578.0M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $-1.8B | $2.1B | ||
| Q3 25 | $-1.8B | $2.0B | ||
| Q2 25 | $-1.7B | $1.8B | ||
| Q1 25 | $-1.6B | $1.7B | ||
| Q4 24 | $-1.4B | $1.5B | ||
| Q3 24 | $-1.4B | $1.4B | ||
| Q2 24 | $-1.4B | $1.3B | ||
| Q1 24 | $-398.6M | $1.2B |
| Q4 25 | $5.1B | $3.1B | ||
| Q3 25 | $5.1B | $3.0B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.6B | $2.4B | ||
| Q3 24 | $5.8B | $2.2B | ||
| Q2 24 | $5.8B | $2.2B | ||
| Q1 24 | $6.8B | $2.1B |
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 | $194.0M |
| Free Cash FlowOCF − Capex | $137.6M | $178.0M |
| FCF MarginFCF / Revenue | 12.2% | 10.9% |
| Capex IntensityCapex / Revenue | 1.7% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $194.0M | ||
| Q3 25 | $-9.5M | $165.0M | ||
| Q2 25 | $6.8M | $223.0M | ||
| Q1 25 | $-60.9M | $79.0M | ||
| Q4 24 | $1.2M | $147.0M | ||
| Q3 24 | $102.8M | $109.0M | ||
| Q2 24 | $26.7M | $124.0M | ||
| Q1 24 | $-59.3M | $-20.0M |
| Q4 25 | $137.6M | $178.0M | ||
| Q3 25 | $-32.8M | $153.0M | ||
| Q2 25 | $-13.2M | $208.0M | ||
| Q1 25 | $-80.7M | $69.0M | ||
| Q4 24 | $-24.2M | $134.0M | ||
| Q3 24 | $73.3M | $97.0M | ||
| Q2 24 | $5.6M | $108.0M | ||
| Q1 24 | $-80.9M | $-33.0M |
| Q4 25 | 12.2% | 10.9% | ||
| Q3 25 | -3.3% | 9.4% | ||
| Q2 25 | -1.4% | 13.4% | ||
| Q1 25 | -10.0% | 5.2% | ||
| Q4 24 | -2.2% | 10.0% | ||
| Q3 24 | 7.3% | 7.4% | ||
| Q2 24 | 0.6% | 8.7% | ||
| Q1 24 | -10.1% | -3.1% |
| Q4 25 | 1.7% | 1.0% | ||
| Q3 25 | 2.3% | 0.7% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 2.4% | 0.7% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 2.3% | 1.3% | ||
| Q1 24 | 2.7% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 0.04× | 4.59× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
