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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× iHeartMedia, Inc.). iHeartMedia, Inc. runs the higher net margin — -3.7% vs -35.0%, a 31.3% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs -0.7%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $-6.0M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
IHRT vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $-41.9M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | — |
| Net Margin | -3.7% | -35.0% |
| Revenue YoY | 0.8% | -0.7% |
| Net Profit YoY | -233.1% | -962.0% |
| EPS (diluted) | $-0.25 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $997.0M | $1.2B | ||
| Q2 25 | $933.7M | $1.2B | ||
| Q1 25 | $807.1M | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $929.1M | $1.1B | ||
| Q1 24 | $799.0M | $1.1B |
| Q4 25 | $-41.9M | $-431.0M | ||
| Q3 25 | $-66.3M | $-2.0M | ||
| Q2 25 | $-83.5M | $69.0M | ||
| Q1 25 | $-281.2M | $56.0M | ||
| Q4 24 | $31.5M | $50.0M | ||
| Q3 24 | $-41.3M | $84.0M | ||
| Q2 24 | $-981.7M | $37.0M | ||
| Q1 24 | $-18.5M | $47.0M |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -11.7% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | -97.9% | — | ||
| Q1 24 | -4.3% | — |
| Q4 25 | -3.7% | -35.0% | ||
| Q3 25 | -6.6% | -0.2% | ||
| Q2 25 | -8.9% | 6.0% | ||
| Q1 25 | -34.8% | 5.0% | ||
| Q4 24 | 2.8% | 4.0% | ||
| Q3 24 | -4.1% | 6.9% | ||
| Q2 24 | -105.7% | 3.5% | ||
| Q1 24 | -2.3% | 4.2% |
| Q4 25 | $-0.25 | $-12.00 | ||
| Q3 25 | $-0.43 | $-0.07 | ||
| Q2 25 | $-0.54 | $1.77 | ||
| Q1 25 | $-1.84 | $1.46 | ||
| Q4 24 | $0.21 | $1.29 | ||
| Q3 24 | $-0.27 | $2.12 | ||
| Q2 24 | $-6.50 | $0.98 | ||
| Q1 24 | $-0.12 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $-1.8B | $2.0B |
| Total Assets | $5.1B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $406.0M | ||
| Q3 25 | $192.2M | $474.0M | ||
| Q2 25 | $235.9M | $205.0M | ||
| Q1 25 | $167.7M | $196.0M | ||
| Q4 24 | $259.6M | $197.0M | ||
| Q3 24 | $431.8M | $197.0M | ||
| Q2 24 | $364.7M | $206.0M | ||
| Q1 24 | $361.4M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $-1.8B | $2.5B | ||
| Q2 25 | $-1.7B | $2.5B | ||
| Q1 25 | $-1.6B | $2.4B | ||
| Q4 24 | $-1.4B | $2.4B | ||
| Q3 24 | $-1.4B | $2.4B | ||
| Q2 24 | $-1.4B | $2.4B | ||
| Q1 24 | $-398.6M | $2.4B |
| Q4 25 | $5.1B | $9.8B | ||
| Q3 25 | $5.1B | $10.1B | ||
| Q2 25 | $5.4B | $9.9B | ||
| Q1 25 | $5.3B | $9.9B | ||
| Q4 24 | $5.6B | $9.8B | ||
| Q3 24 | $5.8B | $9.7B | ||
| Q2 24 | $5.8B | $9.6B | ||
| Q1 24 | $6.8B | $9.9B |
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 | $6.0M |
| Free Cash FlowOCF − Capex | $137.6M | $-6.0M |
| FCF MarginFCF / Revenue | 12.2% | -0.5% |
| Capex IntensityCapex / Revenue | 1.7% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $6.0M | ||
| Q3 25 | $-9.5M | $62.0M | ||
| Q2 25 | $6.8M | $-48.0M | ||
| Q1 25 | $-60.9M | $8.0M | ||
| Q4 24 | $1.2M | $100.0M | ||
| Q3 24 | $102.8M | $72.0M | ||
| Q2 24 | $26.7M | $30.0M | ||
| Q1 24 | $-59.3M | $3.0M |
| Q4 25 | $137.6M | $-6.0M | ||
| Q3 25 | $-32.8M | $51.0M | ||
| Q2 25 | $-13.2M | $-68.0M | ||
| Q1 25 | $-80.7M | $-6.0M | ||
| Q4 24 | $-24.2M | $86.0M | ||
| Q3 24 | $73.3M | $58.0M | ||
| Q2 24 | $5.6M | $17.0M | ||
| Q1 24 | $-80.9M | $-13.0M |
| Q4 25 | 12.2% | -0.5% | ||
| Q3 25 | -3.3% | 4.3% | ||
| Q2 25 | -1.4% | -5.9% | ||
| Q1 25 | -10.0% | -0.5% | ||
| Q4 24 | -2.2% | 6.9% | ||
| Q3 24 | 7.3% | 4.8% | ||
| Q2 24 | 0.6% | 1.6% | ||
| Q1 24 | -10.1% | -1.2% |
| Q4 25 | 1.7% | 1.0% | ||
| Q3 25 | 2.3% | 0.9% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 2.3% | 1.1% | ||
| Q3 24 | 2.9% | 1.1% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.7% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 0.04× | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
