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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $566.0M, roughly 2.0× WillScot Holdings Corp). iHeartMedia, Inc. runs the higher net margin — -3.7% vs -33.1%, a 29.4% gap on every dollar of revenue. On growth, iHeartMedia, Inc. posted the faster year-over-year revenue change (0.8% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $137.6M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
IHRT vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $566.0M |
| Net Profit | $-41.9M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 7.6% | -32.5% |
| Net Margin | -3.7% | -33.1% |
| Revenue YoY | 0.8% | -6.1% |
| Net Profit YoY | -233.1% | -310.0% |
| EPS (diluted) | $-0.25 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $997.0M | $566.8M | ||
| Q2 25 | $933.7M | $589.1M | ||
| Q1 25 | $807.1M | $559.6M | ||
| Q4 24 | $1.1B | $602.5M | ||
| Q3 24 | $1.0B | $601.4M | ||
| Q2 24 | $929.1M | $604.6M | ||
| Q1 24 | $799.0M | $587.2M |
| Q4 25 | $-41.9M | $-187.3M | ||
| Q3 25 | $-66.3M | $43.3M | ||
| Q2 25 | $-83.5M | $47.9M | ||
| Q1 25 | $-281.2M | $43.1M | ||
| Q4 24 | $31.5M | $89.2M | ||
| Q3 24 | $-41.3M | $-70.5M | ||
| Q2 24 | $-981.7M | $-46.9M | ||
| Q1 24 | $-18.5M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 7.6% | -32.5% | ||
| Q3 25 | -11.7% | 21.0% | ||
| Q2 25 | 3.8% | 21.5% | ||
| Q1 25 | -3.2% | 21.3% | ||
| Q4 24 | 9.3% | 28.9% | ||
| Q3 24 | 7.6% | -5.9% | ||
| Q2 24 | -97.9% | -0.9% | ||
| Q1 24 | -4.3% | 22.1% |
| Q4 25 | -3.7% | -33.1% | ||
| Q3 25 | -6.6% | 7.6% | ||
| Q2 25 | -8.9% | 8.1% | ||
| Q1 25 | -34.8% | 7.7% | ||
| Q4 24 | 2.8% | 14.8% | ||
| Q3 24 | -4.1% | -11.7% | ||
| Q2 24 | -105.7% | -7.7% | ||
| Q1 24 | -2.3% | 9.6% |
| Q4 25 | $-0.25 | $-1.02 | ||
| Q3 25 | $-0.43 | $0.24 | ||
| Q2 25 | $-0.54 | $0.26 | ||
| Q1 25 | $-1.84 | $0.23 | ||
| Q4 24 | $0.21 | $0.48 | ||
| Q3 24 | $-0.27 | $-0.37 | ||
| Q2 24 | $-6.50 | $-0.25 | ||
| Q1 24 | $-0.12 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $5.1B | $3.6B |
| Stockholders' EquityBook value | $-1.8B | $856.3M |
| Total Assets | $5.1B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $14.6M | ||
| Q3 25 | $192.2M | $14.8M | ||
| Q2 25 | $235.9M | $12.8M | ||
| Q1 25 | $167.7M | $10.7M | ||
| Q4 24 | $259.6M | $9.0M | ||
| Q3 24 | $431.8M | $11.0M | ||
| Q2 24 | $364.7M | $5.9M | ||
| Q1 24 | $361.4M | $13.1M |
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.1B | $3.6B | ||
| Q2 25 | $5.1B | $3.7B | ||
| Q1 25 | $5.1B | $3.6B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | $5.2B | $3.6B | ||
| Q2 24 | $5.2B | $3.5B | ||
| Q1 24 | $5.1B | $3.5B |
| Q4 25 | $-1.8B | $856.3M | ||
| Q3 25 | $-1.8B | $1.1B | ||
| Q2 25 | $-1.7B | $1.0B | ||
| Q1 25 | $-1.6B | $1.0B | ||
| Q4 24 | $-1.4B | $1.0B | ||
| Q3 24 | $-1.4B | $1.1B | ||
| Q2 24 | $-1.4B | $1.2B | ||
| Q1 24 | $-398.6M | $1.3B |
| Q4 25 | $5.1B | $5.8B | ||
| Q3 25 | $5.1B | $6.1B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.3B | $6.0B | ||
| Q4 24 | $5.6B | $6.0B | ||
| Q3 24 | $5.8B | $6.0B | ||
| Q2 24 | $5.8B | $6.0B | ||
| Q1 24 | $6.8B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $137.6M | $149.7M |
| FCF MarginFCF / Revenue | 12.2% | 26.5% |
| Capex IntensityCapex / Revenue | 1.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $158.9M | ||
| Q3 25 | $-9.5M | $191.2M | ||
| Q2 25 | $6.8M | $205.3M | ||
| Q1 25 | $-60.9M | $206.6M | ||
| Q4 24 | $1.2M | $178.9M | ||
| Q3 24 | $102.8M | $-1.6M | ||
| Q2 24 | $26.7M | $175.6M | ||
| Q1 24 | $-59.3M | $208.7M |
| Q4 25 | $137.6M | $149.7M | ||
| Q3 25 | $-32.8M | $186.9M | ||
| Q2 25 | $-13.2M | $199.0M | ||
| Q1 25 | $-80.7M | $202.0M | ||
| Q4 24 | $-24.2M | $176.6M | ||
| Q3 24 | $73.3M | $-4.9M | ||
| Q2 24 | $5.6M | $169.4M | ||
| Q1 24 | $-80.9M | $202.1M |
| Q4 25 | 12.2% | 26.5% | ||
| Q3 25 | -3.3% | 33.0% | ||
| Q2 25 | -1.4% | 33.8% | ||
| Q1 25 | -10.0% | 36.1% | ||
| Q4 24 | -2.2% | 29.3% | ||
| Q3 24 | 7.3% | -0.8% | ||
| Q2 24 | 0.6% | 28.0% | ||
| Q1 24 | -10.1% | 34.4% |
| Q4 25 | 1.7% | 1.6% | ||
| Q3 25 | 2.3% | 0.7% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 2.3% | 0.4% | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 2.3% | 1.0% | ||
| Q1 24 | 2.7% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 0.04× | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
