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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.0× iHeartMedia, Inc.). VIASAT INC runs the higher net margin — 2.2% vs -3.7%, a 5.9% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
IHRT vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $-41.9M | $25.0M |
| Gross Margin | — | — |
| Operating Margin | 7.6% | 2.3% |
| Net Margin | -3.7% | 2.2% |
| Revenue YoY | 0.8% | 3.0% |
| Net Profit YoY | -233.1% | 115.8% |
| 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 | $1.2B | ||
| Q3 25 | $997.0M | $1.1B | ||
| Q2 25 | $933.7M | $1.2B | ||
| Q1 25 | $807.1M | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $929.1M | $1.1B | ||
| Q1 24 | $799.0M | $1.2B |
| Q4 25 | $-41.9M | $25.0M | ||
| Q3 25 | $-66.3M | $-61.4M | ||
| Q2 25 | $-83.5M | $-56.4M | ||
| Q1 25 | $-281.2M | $-246.1M | ||
| Q4 24 | $31.5M | $-158.4M | ||
| Q3 24 | $-41.3M | $-137.6M | ||
| Q2 24 | $-981.7M | $-32.9M | ||
| Q1 24 | $-18.5M | $-100.3M |
| Q4 25 | 7.6% | 2.3% | ||
| Q3 25 | -11.7% | 3.1% | ||
| Q2 25 | 3.8% | 4.0% | ||
| Q1 25 | -3.2% | -13.4% | ||
| Q4 24 | 9.3% | 1.9% | ||
| Q3 24 | 7.6% | -2.2% | ||
| Q2 24 | -97.9% | 5.3% | ||
| Q1 24 | -4.3% | 0.0% |
| Q4 25 | -3.7% | 2.2% | ||
| Q3 25 | -6.6% | -5.4% | ||
| Q2 25 | -8.9% | -4.8% | ||
| Q1 25 | -34.8% | -21.5% | ||
| Q4 24 | 2.8% | -14.1% | ||
| Q3 24 | -4.1% | -12.3% | ||
| Q2 24 | -105.7% | -2.9% | ||
| Q1 24 | -2.3% | -8.7% |
| Q4 25 | $-0.25 | $0.18 | ||
| Q3 25 | $-0.43 | $-0.45 | ||
| Q2 25 | $-0.54 | $-0.43 | ||
| Q1 25 | $-1.84 | $-1.92 | ||
| Q4 24 | $0.21 | $-1.23 | ||
| Q3 24 | $-0.27 | $-1.07 | ||
| Q2 24 | $-6.50 | $-0.26 | ||
| Q1 24 | $-0.12 | $-1.14 |
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 | $1.3B |
| Total DebtLower is stronger | $5.1B | $6.2B |
| Stockholders' EquityBook value | $-1.8B | $4.6B |
| Total Assets | $5.1B | $14.9B |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $1.3B | ||
| Q3 25 | $192.2M | $1.2B | ||
| Q2 25 | $235.9M | $1.2B | ||
| Q1 25 | $167.7M | $1.6B | ||
| Q4 24 | $259.6M | $1.6B | ||
| Q3 24 | $431.8M | $3.5B | ||
| Q2 24 | $364.7M | $1.8B | ||
| Q1 24 | $361.4M | $1.9B |
| Q4 25 | $5.1B | $6.2B | ||
| Q3 25 | $5.1B | $6.5B | ||
| Q2 25 | $5.1B | $6.5B | ||
| Q1 25 | $5.1B | $6.5B | ||
| Q4 24 | $5.1B | $6.5B | ||
| Q3 24 | $5.2B | $6.4B | ||
| Q2 24 | $5.2B | $7.1B | ||
| Q1 24 | $5.1B | $7.1B |
| Q4 25 | $-1.8B | $4.6B | ||
| Q3 25 | $-1.8B | $4.5B | ||
| Q2 25 | $-1.7B | $4.6B | ||
| Q1 25 | $-1.6B | $4.6B | ||
| Q4 24 | $-1.4B | $4.8B | ||
| Q3 24 | $-1.4B | $4.9B | ||
| Q2 24 | $-1.4B | $5.0B | ||
| Q1 24 | $-398.6M | $5.0B |
| Q4 25 | $5.1B | $14.9B | ||
| Q3 25 | $5.1B | $14.8B | ||
| Q2 25 | $5.4B | $14.9B | ||
| Q1 25 | $5.3B | $15.4B | ||
| Q4 24 | $5.6B | $15.6B | ||
| Q3 24 | $5.8B | $17.8B | ||
| Q2 24 | $5.8B | $16.1B | ||
| Q1 24 | $6.8B | $16.3B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.43× | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | $137.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $726.9M | ||
| Q3 25 | $-9.5M | $282.2M | ||
| Q2 25 | $6.8M | $258.5M | ||
| Q1 25 | $-60.9M | $298.4M | ||
| Q4 24 | $1.2M | $219.5M | ||
| Q3 24 | $102.8M | $239.2M | ||
| Q2 24 | $26.7M | $151.1M | ||
| Q1 24 | $-59.3M | $232.0M |
| Q4 25 | $137.6M | — | ||
| Q3 25 | $-32.8M | — | ||
| Q2 25 | $-13.2M | — | ||
| Q1 25 | $-80.7M | — | ||
| Q4 24 | $-24.2M | — | ||
| Q3 24 | $73.3M | — | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $-80.9M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | -3.3% | — | ||
| Q2 25 | -1.4% | — | ||
| Q1 25 | -10.0% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -10.1% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | — | 29.11× | ||
| 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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
