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Side-by-side financial comparison of iHeartMedia, Inc. (IHRT) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
iHeartMedia, Inc. is the larger business by last-quarter revenue ($1.1B vs $654.0M, roughly 1.7× ZILLOW GROUP, INC.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -3.7%, a 4.2% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 0.8%). iHeartMedia, Inc. produced more free cash flow last quarter ($137.6M vs $44.0M). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% CAGR vs 11.2%).
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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
IHRT vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $654.0M |
| Net Profit | $-41.9M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 7.6% | -1.7% |
| Net Margin | -3.7% | 0.5% |
| Revenue YoY | 0.8% | 18.1% |
| Net Profit YoY | -233.1% | 105.8% |
| EPS (diluted) | $-0.25 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $997.0M | $676.0M | ||
| Q2 25 | $933.7M | $655.0M | ||
| Q1 25 | $807.1M | $598.0M | ||
| Q4 24 | $1.1B | $554.0M | ||
| Q3 24 | $1.0B | $581.0M | ||
| Q2 24 | $929.1M | $572.0M | ||
| Q1 24 | $799.0M | $529.0M |
| Q4 25 | $-41.9M | $3.0M | ||
| Q3 25 | $-66.3M | $10.0M | ||
| Q2 25 | $-83.5M | $2.0M | ||
| Q1 25 | $-281.2M | $8.0M | ||
| Q4 24 | $31.5M | $-52.0M | ||
| Q3 24 | $-41.3M | $-20.0M | ||
| Q2 24 | $-981.7M | $-17.0M | ||
| Q1 24 | $-18.5M | $-23.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | 7.6% | -1.7% | ||
| Q3 25 | -11.7% | -0.4% | ||
| Q2 25 | 3.8% | -1.7% | ||
| Q1 25 | -3.2% | -1.5% | ||
| Q4 24 | 9.3% | -12.5% | ||
| Q3 24 | 7.6% | -7.7% | ||
| Q2 24 | -97.9% | -6.6% | ||
| Q1 24 | -4.3% | -8.5% |
| Q4 25 | -3.7% | 0.5% | ||
| Q3 25 | -6.6% | 1.5% | ||
| Q2 25 | -8.9% | 0.3% | ||
| Q1 25 | -34.8% | 1.3% | ||
| Q4 24 | 2.8% | -9.4% | ||
| Q3 24 | -4.1% | -3.4% | ||
| Q2 24 | -105.7% | -3.0% | ||
| Q1 24 | -2.3% | -4.3% |
| Q4 25 | $-0.25 | $0.01 | ||
| Q3 25 | $-0.43 | $0.04 | ||
| Q2 25 | $-0.54 | $0.01 | ||
| Q1 25 | $-1.84 | $0.03 | ||
| Q4 24 | $0.21 | $-0.23 | ||
| Q3 24 | $-0.27 | $-0.08 | ||
| Q2 24 | $-6.50 | $-0.07 | ||
| Q1 24 | $-0.12 | $-0.10 |
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 | $768.0M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $-1.8B | $4.9B |
| Total Assets | $5.1B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.9M | $768.0M | ||
| Q3 25 | $192.2M | $874.0M | ||
| Q2 25 | $235.9M | $587.0M | ||
| Q1 25 | $167.7M | $914.0M | ||
| Q4 24 | $259.6M | $1.1B | ||
| Q3 24 | $431.8M | $1.1B | ||
| Q2 24 | $364.7M | $1.2B | ||
| Q1 24 | $361.4M | $1.4B |
| 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 | $4.9B | ||
| Q3 25 | $-1.8B | $5.0B | ||
| Q2 25 | $-1.7B | $4.7B | ||
| Q1 25 | $-1.6B | $4.8B | ||
| Q4 24 | $-1.4B | $4.8B | ||
| Q3 24 | $-1.4B | $4.7B | ||
| Q2 24 | $-1.4B | $4.5B | ||
| Q1 24 | $-398.6M | $4.7B |
| Q4 25 | $5.1B | $5.7B | ||
| Q3 25 | $5.1B | $5.7B | ||
| Q2 25 | $5.4B | $5.4B | ||
| Q1 25 | $5.3B | $5.7B | ||
| Q4 24 | $5.6B | $5.8B | ||
| Q3 24 | $5.8B | $6.2B | ||
| Q2 24 | $5.8B | $6.6B | ||
| Q1 24 | $6.8B | $6.8B |
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 | $72.0M |
| Free Cash FlowOCF − Capex | $137.6M | $44.0M |
| FCF MarginFCF / Revenue | 12.2% | 6.7% |
| Capex IntensityCapex / Revenue | 1.7% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $10.9M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.3M | $72.0M | ||
| Q3 25 | $-9.5M | $105.0M | ||
| Q2 25 | $6.8M | $87.0M | ||
| Q1 25 | $-60.9M | $104.0M | ||
| Q4 24 | $1.2M | $122.0M | ||
| Q3 24 | $102.8M | $171.0M | ||
| Q2 24 | $26.7M | $55.0M | ||
| Q1 24 | $-59.3M | $80.0M |
| Q4 25 | $137.6M | $44.0M | ||
| Q3 25 | $-32.8M | $73.0M | ||
| Q2 25 | $-13.2M | $50.0M | ||
| Q1 25 | $-80.7M | $68.0M | ||
| Q4 24 | $-24.2M | $88.0M | ||
| Q3 24 | $73.3M | $138.0M | ||
| Q2 24 | $5.6M | $18.0M | ||
| Q1 24 | $-80.9M | $41.0M |
| Q4 25 | 12.2% | 6.7% | ||
| Q3 25 | -3.3% | 10.8% | ||
| Q2 25 | -1.4% | 7.6% | ||
| Q1 25 | -10.0% | 11.4% | ||
| Q4 24 | -2.2% | 15.9% | ||
| Q3 24 | 7.3% | 23.8% | ||
| Q2 24 | 0.6% | 3.1% | ||
| Q1 24 | -10.1% | 7.8% |
| Q4 25 | 1.7% | 4.3% | ||
| Q3 25 | 2.3% | 4.7% | ||
| Q2 25 | 2.1% | 5.6% | ||
| Q1 25 | 2.4% | 6.0% | ||
| Q4 24 | 2.3% | 6.1% | ||
| Q3 24 | 2.9% | 5.7% | ||
| Q2 24 | 2.3% | 6.5% | ||
| Q1 24 | 2.7% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| 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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
