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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.7× iHeartMedia, Inc.). Tapestry, Inc. runs the higher net margin — 17.9% vs -3.7%, a 21.6% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (21.0% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 9.9%).
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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
IHRT vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.9B |
| Net Profit | $-41.9M | $343.8M |
| Gross Margin | — | 76.9% |
| Operating Margin | 7.6% | 22.3% |
| Net Margin | -3.7% | 17.9% |
| Revenue YoY | 0.8% | 21.0% |
| Net Profit YoY | -233.1% | — |
| EPS (diluted) | $-0.25 | $1.65 |
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.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $997.0M | $1.7B | ||
| Q2 25 | $933.7M | $1.7B | ||
| Q1 25 | $807.1M | $1.6B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $929.1M | $1.6B |
| Q1 26 | — | $343.8M | ||
| Q4 25 | $-41.9M | $561.3M | ||
| Q3 25 | $-66.3M | $274.8M | ||
| Q2 25 | $-83.5M | $-517.1M | ||
| Q1 25 | $-281.2M | $203.3M | ||
| Q4 24 | $31.5M | $310.4M | ||
| Q3 24 | $-41.3M | $186.6M | ||
| Q2 24 | $-981.7M | $159.3M |
| Q1 26 | — | 76.9% | ||
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% |
| Q1 26 | — | 22.3% | ||
| Q4 25 | 7.6% | 28.6% | ||
| Q3 25 | -11.7% | 19.3% | ||
| Q2 25 | 3.8% | -33.9% | ||
| Q1 25 | -3.2% | 16.0% | ||
| Q4 24 | 9.3% | 22.4% | ||
| Q3 24 | 7.6% | 16.7% | ||
| Q2 24 | -97.9% | 14.8% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | -3.7% | 22.4% | ||
| Q3 25 | -6.6% | 16.1% | ||
| Q2 25 | -8.9% | -30.0% | ||
| Q1 25 | -34.8% | 12.8% | ||
| Q4 24 | 2.8% | 14.1% | ||
| Q3 24 | -4.1% | 12.4% | ||
| Q2 24 | -105.7% | 10.0% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | $-0.25 | $2.68 | ||
| Q3 25 | $-0.43 | $1.28 | ||
| Q2 25 | $-0.54 | $-2.30 | ||
| Q1 25 | $-1.84 | $0.95 | ||
| Q4 24 | $0.21 | $1.38 | ||
| Q3 24 | $-0.27 | $0.79 | ||
| Q2 24 | $-6.50 | $0.67 |
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 | $1.1B |
| Total DebtLower is stronger | $5.1B | $2.4B |
| Stockholders' EquityBook value | $-1.8B | $682.4M |
| Total Assets | $5.1B | $6.5B |
| Debt / EquityLower = less leverage | — | 3.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $270.9M | $1.1B | ||
| Q3 25 | $192.2M | $743.2M | ||
| Q2 25 | $235.9M | $1.1B | ||
| Q1 25 | $167.7M | $1.1B | ||
| Q4 24 | $259.6M | $1.0B | ||
| Q3 24 | $431.8M | $7.3B | ||
| Q2 24 | $364.7M | $7.2B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.1B | $2.4B | ||
| Q2 25 | $5.1B | $2.4B | ||
| Q1 25 | $5.1B | $2.4B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.2B | $7.0B | ||
| Q2 24 | $5.2B | $6.9B |
| Q1 26 | — | $682.4M | ||
| Q4 25 | $-1.8B | $551.2M | ||
| Q3 25 | $-1.8B | $399.5M | ||
| Q2 25 | $-1.7B | $857.8M | ||
| Q1 25 | $-1.6B | $1.5B | ||
| Q4 24 | $-1.4B | $1.3B | ||
| Q3 24 | $-1.4B | $3.0B | ||
| Q2 24 | $-1.4B | $2.9B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $5.1B | $6.5B | ||
| Q3 25 | $5.1B | $6.4B | ||
| Q2 25 | $5.4B | $6.6B | ||
| Q1 25 | $5.3B | $7.3B | ||
| Q4 24 | $5.6B | $7.3B | ||
| Q3 24 | $5.8B | $13.7B | ||
| Q2 24 | $5.8B | $13.4B |
| Q1 26 | — | 3.48× | ||
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× |
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 | — |
| Free Cash FlowOCF − Capex | $137.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $156.3M | $1.1B | ||
| Q3 25 | $-9.5M | $112.6M | ||
| Q2 25 | $6.8M | $446.8M | ||
| Q1 25 | $-60.9M | $144.3M | ||
| Q4 24 | $1.2M | $506.0M | ||
| Q3 24 | $102.8M | $119.5M | ||
| Q2 24 | $26.7M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $137.6M | $1.0B | ||
| Q3 25 | $-32.8M | $80.2M | ||
| Q2 25 | $-13.2M | $411.5M | ||
| Q1 25 | $-80.7M | $113.4M | ||
| Q4 24 | $-24.2M | $475.1M | ||
| Q3 24 | $73.3M | $93.9M | ||
| Q2 24 | $5.6M | $209.8M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 41.5% | ||
| Q3 25 | -3.3% | 4.7% | ||
| Q2 25 | -1.4% | 23.9% | ||
| Q1 25 | -10.0% | 7.2% | ||
| Q4 24 | -2.2% | 21.6% | ||
| Q3 24 | 7.3% | 6.2% | ||
| Q2 24 | 0.6% | 13.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 1.7% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 2.9% | 1.7% | ||
| Q2 24 | 2.3% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 0.04× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 1.61× |
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% |
TPR
Segment breakdown not available.
