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Side-by-side financial comparison of Townsquare Media, Inc. (TSQ) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $106.5M, roughly 1.0× Townsquare Media, Inc.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -4.9%, a 4.1% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -9.6%). Townsquare Media, Inc. produced more free cash flow last quarter ($9.2M vs $7.6M). Over the past eight quarters, Townsquare Media, Inc.'s revenue compounded faster (3.4% CAGR vs -4.4%).

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

TSQ vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.0× larger
ZIP
$111.7M
$106.5M
TSQ
Growing faster (revenue YoY)
ZIP
ZIP
+10.2% gap
ZIP
0.6%
-9.6%
TSQ
Higher net margin
ZIP
ZIP
4.1% more per $
ZIP
-0.7%
-4.9%
TSQ
More free cash flow
TSQ
TSQ
$1.6M more FCF
TSQ
$9.2M
$7.6M
ZIP
Faster 2-yr revenue CAGR
TSQ
TSQ
Annualised
TSQ
3.4%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TSQ
TSQ
ZIP
ZIP
Revenue
$106.5M
$111.7M
Net Profit
$-5.2M
$-835.0K
Gross Margin
24.1%
89.1%
Operating Margin
9.5%
3.6%
Net Margin
-4.9%
-0.7%
Revenue YoY
-9.6%
0.6%
Net Profit YoY
-121.2%
92.3%
EPS (diluted)
$-0.03

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
TSQ
TSQ
ZIP
ZIP
Q4 25
$106.5M
$111.7M
Q3 25
$106.8M
$115.0M
Q2 25
$115.4M
$112.2M
Q1 25
$98.7M
$110.1M
Q4 24
$117.8M
$111.0M
Q3 24
$115.3M
$117.1M
Q2 24
$118.2M
$123.7M
Q1 24
$99.6M
$122.2M
Net Profit
TSQ
TSQ
ZIP
ZIP
Q4 25
$-5.2M
$-835.0K
Q3 25
$-5.9M
$-9.8M
Q2 25
$1.6M
$-9.5M
Q1 25
$-2.0M
$-12.8M
Q4 24
$24.6M
$-10.8M
Q3 24
$10.8M
$-2.6M
Q2 24
$-49.2M
$7.0M
Q1 24
$1.1M
$-6.5M
Gross Margin
TSQ
TSQ
ZIP
ZIP
Q4 25
24.1%
89.1%
Q3 25
26.2%
89.1%
Q2 25
28.3%
89.3%
Q1 25
23.2%
89.4%
Q4 24
31.6%
89.6%
Q3 24
27.3%
89.4%
Q2 24
27.7%
89.5%
Q1 24
22.8%
89.1%
Operating Margin
TSQ
TSQ
ZIP
ZIP
Q4 25
9.5%
3.6%
Q3 25
5.6%
-4.4%
Q2 25
18.2%
-5.9%
Q1 25
7.2%
-10.6%
Q4 24
18.1%
-3.6%
Q3 24
13.1%
-2.8%
Q2 24
-18.1%
7.6%
Q1 24
6.7%
-0.7%
Net Margin
TSQ
TSQ
ZIP
ZIP
Q4 25
-4.9%
-0.7%
Q3 25
-5.5%
-8.5%
Q2 25
1.4%
-8.5%
Q1 25
-2.0%
-11.7%
Q4 24
20.8%
-9.7%
Q3 24
9.4%
-2.2%
Q2 24
-41.7%
5.7%
Q1 24
1.1%
-5.3%
EPS (diluted)
TSQ
TSQ
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.36
$-0.11
Q2 25
$0.09
$-0.10
Q1 25
$-0.12
$-0.13
Q4 24
$1.76
$-0.10
Q3 24
$0.63
$-0.03
Q2 24
$-3.26
$0.07
Q1 24
$0.06
$-0.07

Balance Sheet & Financial Strength

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

Metric
TSQ
TSQ
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$4.8M
$188.0M
Total DebtLower is stronger
$433.0M
Stockholders' EquityBook value
$-41.0M
$-77.2M
Total Assets
$528.6M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSQ
TSQ
ZIP
ZIP
Q4 25
$4.8M
$188.0M
Q3 25
$3.2M
$211.8M
Q2 25
$3.2M
$203.5M
Q1 25
$5.5M
$221.1M
Q4 24
$33.0M
$218.4M
Q3 24
$21.8M
$225.6M
Q2 24
$28.5M
$271.7M
Q1 24
$56.6M
$282.5M
Total Debt
TSQ
TSQ
ZIP
ZIP
Q4 25
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
TSQ
TSQ
ZIP
ZIP
Q4 25
$-41.0M
$-77.2M
Q3 25
$-34.0M
$-76.1M
Q2 25
$-27.1M
$-65.9M
Q1 25
$-26.8M
$-11.3M
Q4 24
$-28.4M
$13.4M
Q3 24
$-52.5M
$13.6M
Q2 24
$-64.1M
$24.4M
Q1 24
$1.8M
$12.7M
Total Assets
TSQ
TSQ
ZIP
ZIP
Q4 25
$528.6M
$569.7M
Q3 25
$539.2M
$573.6M
Q2 25
$545.7M
$592.4M
Q1 25
$544.5M
$629.4M
Q4 24
$580.4M
$664.1M
Q3 24
$565.4M
$652.0M
Q2 24
$579.6M
$665.3M
Q1 24
$636.7M
$662.4M
Debt / Equity
TSQ
TSQ
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

Cash Flow & Capital Efficiency

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

Metric
TSQ
TSQ
ZIP
ZIP
Operating Cash FlowLast quarter
$12.6M
$7.7M
Free Cash FlowOCF − Capex
$9.2M
$7.6M
FCF MarginFCF / Revenue
8.6%
6.8%
Capex IntensityCapex / Revenue
3.2%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.4M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSQ
TSQ
ZIP
ZIP
Q4 25
$12.6M
$7.7M
Q3 25
$7.9M
$2.6M
Q2 25
$10.2M
$10.5M
Q1 25
$-66.0K
$-9.9M
Q4 24
$28.2M
$12.5M
Q3 24
$9.9M
$9.3M
Q2 24
$9.0M
$21.9M
Q1 24
$1.7M
$2.0M
Free Cash Flow
TSQ
TSQ
ZIP
ZIP
Q4 25
$9.2M
$7.6M
Q3 25
$4.3M
$2.2M
Q2 25
$6.4M
$10.2M
Q1 25
$-4.5M
$-10.2M
Q4 24
$24.5M
$12.0M
Q3 24
$4.8M
$9.2M
Q2 24
$4.8M
$21.7M
Q1 24
$-2.8M
$1.9M
FCF Margin
TSQ
TSQ
ZIP
ZIP
Q4 25
8.6%
6.8%
Q3 25
4.1%
1.9%
Q2 25
5.5%
9.1%
Q1 25
-4.6%
-9.3%
Q4 24
20.8%
10.8%
Q3 24
4.1%
7.8%
Q2 24
4.0%
17.6%
Q1 24
-2.8%
1.6%
Capex Intensity
TSQ
TSQ
ZIP
ZIP
Q4 25
3.2%
0.1%
Q3 25
3.3%
0.3%
Q2 25
3.3%
0.3%
Q1 25
4.5%
0.3%
Q4 24
3.1%
0.4%
Q3 24
4.4%
0.2%
Q2 24
3.6%
0.1%
Q1 24
4.4%
0.1%
Cash Conversion
TSQ
TSQ
ZIP
ZIP
Q4 25
Q3 25
Q2 25
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
3.12×
Q1 24
1.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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