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Side-by-side financial comparison of Mediaco Holding Inc. (MDIA) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $38.7M, roughly 1.5× Mediaco Holding Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 17.9%). Mediaco Holding Inc. produced more free cash flow last quarter ($-460.0K vs $-167.0M).

MediaCo Holding Inc. is an American media company with offices based in Burbank, California and New York City, owned by private equity firms HPS Investment Partners, LLC and Standard General. MediaCo caters to the African-American and the Spanish-speaking Hispanic communities. The company owns television and radio stations in several of the top multicultural markets, and is the parent company of the Estrella TV network.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

MDIA vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.5× larger
PHAT
$57.6M
$38.7M
MDIA
Growing faster (revenue YoY)
PHAT
PHAT
+76.3% gap
PHAT
94.1%
17.9%
MDIA
More free cash flow
MDIA
MDIA
$166.5M more FCF
MDIA
$-460.0K
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDIA
MDIA
PHAT
PHAT
Revenue
$38.7M
$57.6M
Net Profit
$-32.3M
Gross Margin
86.7%
Operating Margin
-16.0%
Net Margin
-83.6%
Revenue YoY
17.9%
94.1%
Net Profit YoY
-661.9%
71.6%
EPS (diluted)
$-0.39

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.

Revenue
MDIA
MDIA
PHAT
PHAT
Q4 25
$38.7M
$57.6M
Q3 25
$35.4M
$49.5M
Q2 25
$31.2M
$39.5M
Q1 25
$28.0M
$28.5M
Q4 24
$32.8M
$29.7M
Q3 24
$29.9M
$16.4M
Q2 24
$26.2M
$7.3M
Q1 24
$6.7M
Net Profit
MDIA
MDIA
PHAT
PHAT
Q4 25
$-32.3M
Q3 25
$-17.9M
$-30.0M
Q2 25
$-7.4M
$-75.8M
Q1 25
$-8.6M
$-94.3M
Q4 24
$-4.2M
Q3 24
$54.9M
$-85.6M
Q2 24
$-48.3M
$-91.4M
Q1 24
$-3.7M
Gross Margin
MDIA
MDIA
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
MDIA
MDIA
PHAT
PHAT
Q4 25
-16.0%
Q3 25
-20.0%
-30.8%
Q2 25
-21.7%
-151.7%
Q1 25
-16.7%
-276.5%
Q4 24
-13.8%
Q3 24
-23.0%
-433.0%
Q2 24
-50.9%
-1055.4%
Q1 24
-51.7%
Net Margin
MDIA
MDIA
PHAT
PHAT
Q4 25
-83.6%
Q3 25
-50.5%
-60.5%
Q2 25
-23.7%
-191.9%
Q1 25
-30.7%
-330.7%
Q4 24
-12.9%
Q3 24
184.0%
-523.3%
Q2 24
-184.4%
-1248.6%
Q1 24
-54.8%
EPS (diluted)
MDIA
MDIA
PHAT
PHAT
Q4 25
$-0.39
Q3 25
$-0.22
$-0.41
Q2 25
$-0.11
$-1.05
Q1 25
$-0.12
$-1.31
Q4 24
$0.19
Q3 24
$0.66
$-1.32
Q2 24
$-0.75
$-1.56
Q1 24
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDIA
MDIA
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$5.1M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$46.3M
$-438.2M
Total Assets
$291.1M
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDIA
MDIA
PHAT
PHAT
Q4 25
$5.1M
$130.0M
Q3 25
$6.2M
$135.2M
Q2 25
$2.9M
$149.6M
Q1 25
$6.3M
$212.3M
Q4 24
$4.4M
$297.3M
Q3 24
$7.7M
$334.7M
Q2 24
$9.9M
$276.2M
Q1 24
$4.0M
Total Debt
MDIA
MDIA
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
MDIA
MDIA
PHAT
PHAT
Q4 25
$46.3M
$-438.2M
Q3 25
$86.7M
$-422.5M
Q2 25
$97.3M
$-405.8M
Q1 25
$85.5M
$-338.4M
Q4 24
$62.1M
$-253.6M
Q3 24
$67.9M
$-187.1M
Q2 24
$13.7M
$-233.8M
Q1 24
$33.3M
Total Assets
MDIA
MDIA
PHAT
PHAT
Q4 25
$291.1M
$259.1M
Q3 25
$319.4M
$240.3M
Q2 25
$315.1M
$250.2M
Q1 25
$317.7M
$294.2M
Q4 24
$325.5M
$378.3M
Q3 24
$338.4M
$387.0M
Q2 24
$338.6M
$319.4M
Q1 24
$325.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MDIA
MDIA
PHAT
PHAT
Operating Cash FlowLast quarter
$32.0K
$-166.8M
Free Cash FlowOCF − Capex
$-460.0K
$-167.0M
FCF MarginFCF / Revenue
-1.2%
-290.0%
Capex IntensityCapex / Revenue
1.3%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDIA
MDIA
PHAT
PHAT
Q4 25
$32.0K
$-166.8M
Q3 25
$2.8M
$-14.1M
Q2 25
$-3.0M
$-62.7M
Q1 25
$2.1M
$-84.9M
Q4 24
$10.9M
$-266.8M
Q3 24
$-6.0M
$-63.6M
Q2 24
$-25.1M
$-70.7M
Q1 24
$412.0K
Free Cash Flow
MDIA
MDIA
PHAT
PHAT
Q4 25
$-460.0K
$-167.0M
Q3 25
$2.8M
$-14.1M
Q2 25
$-3.2M
$-62.8M
Q1 25
$2.0M
$-84.9M
Q4 24
$10.5M
$-266.9M
Q3 24
$-6.6M
$-63.6M
Q2 24
$-25.2M
$-70.8M
Q1 24
$386.0K
FCF Margin
MDIA
MDIA
PHAT
PHAT
Q4 25
-1.2%
-290.0%
Q3 25
8.0%
-28.6%
Q2 25
-10.2%
-159.0%
Q1 25
7.1%
-297.9%
Q4 24
31.9%
-899.8%
Q3 24
-22.2%
-389.0%
Q2 24
-96.1%
-966.2%
Q1 24
5.8%
Capex Intensity
MDIA
MDIA
PHAT
PHAT
Q4 25
1.3%
0.4%
Q3 25
0.0%
0.1%
Q2 25
0.7%
0.2%
Q1 25
0.2%
0.1%
Q4 24
1.2%
0.5%
Q3 24
2.1%
0.3%
Q2 24
0.3%
0.6%
Q1 24
0.4%
Cash Conversion
MDIA
MDIA
PHAT
PHAT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.11×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MDIA
MDIA

Video Segment$26.4M68%
Advertising$10.0M26%
Other$1.7M4%
Service Other$536.0K1%

PHAT
PHAT

Segment breakdown not available.

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