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iHeartMedia, Inc.（IHRT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
iHeartMedia, Inc.的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -3.7%，领先1.8%），Cloudflare, Inc.同比增速更快（33.6% vs 0.8%），iHeartMedia, Inc.自由现金流更多（$137.6M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 18.8%）
iHeartMedia是一家总部位于美国德克萨斯州圣安东尼奥的大众传媒企业，前身为清晰频道通信公司，1972年由劳里·梅斯与雷德·麦库姆斯创立，2008年由贝恩资本和托马斯·李合作伙伴公司通过杠杆收购完成私有化，目前是美国知名的传媒控股集团。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
IHRT vs NET — 直观对比
营收规模更大
IHRT
是对方的1.8倍
$614.5M
营收增速更快
NET
高出32.8%
0.8%
净利率更高
NET
高出1.8%
-3.7%
自由现金流更多
IHRT
多$32.4M
$105.2M
两年增速更快
NET
近两年复合增速
18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $-41.9M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 7.6% | -8.0% |
| 净利率 | -3.7% | -2.0% |
| 营收同比 | 0.8% | 33.6% |
| 净利润同比 | -233.1% | 6.0% |
| 每股收益（稀释后） | $-0.25 | $-0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IHRTNET
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $997.0M | $562.0M | ||
| Q2 25 | $933.7M | $512.3M | ||
| Q1 25 | $807.1M | $479.1M | ||
| Q4 24 | $1.1B | $459.9M | ||
| Q3 24 | $1.0B | $430.1M | ||
| Q2 24 | $929.1M | $401.0M | ||
| Q1 24 | $799.0M | $378.6M |
净利润IHRTNET
| Q4 25 | $-41.9M | $-12.1M | ||
| Q3 25 | $-66.3M | $-1.3M | ||
| Q2 25 | $-83.5M | $-50.4M | ||
| Q1 25 | $-281.2M | $-38.5M | ||
| Q4 24 | $31.5M | $-12.8M | ||
| Q3 24 | $-41.3M | $-15.3M | ||
| Q2 24 | $-981.7M | $-15.1M | ||
| Q1 24 | $-18.5M | $-35.5M |
毛利率IHRTNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率IHRTNET
| Q4 25 | 7.6% | -8.0% | ||
| Q3 25 | -11.7% | -6.7% | ||
| Q2 25 | 3.8% | -13.1% | ||
| Q1 25 | -3.2% | -11.1% | ||
| Q4 24 | 9.3% | -7.5% | ||
| Q3 24 | 7.6% | -7.2% | ||
| Q2 24 | -97.9% | -8.7% | ||
| Q1 24 | -4.3% | -14.4% |
净利率IHRTNET
| Q4 25 | -3.7% | -2.0% | ||
| Q3 25 | -6.6% | -0.2% | ||
| Q2 25 | -8.9% | -9.8% | ||
| Q1 25 | -34.8% | -8.0% | ||
| Q4 24 | 2.8% | -2.8% | ||
| Q3 24 | -4.1% | -3.6% | ||
| Q2 24 | -105.7% | -3.8% | ||
| Q1 24 | -2.3% | -9.4% |
每股收益（稀释后）IHRTNET
| Q4 25 | $-0.25 | $-0.03 | ||
| Q3 25 | $-0.43 | $0.00 | ||
| Q2 25 | $-0.54 | $-0.15 | ||
| Q1 25 | $-1.84 | $-0.11 | ||
| Q4 24 | $0.21 | $-0.05 | ||
| Q3 24 | $-0.27 | $-0.04 | ||
| Q2 24 | $-6.50 | $-0.04 | ||
| Q1 24 | $-0.12 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $270.9M | $943.5M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $-1.8B | $1.5B |
| 总资产 | $5.1B | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IHRTNET
| Q4 25 | $270.9M | $943.5M | ||
| Q3 25 | $192.2M | $1.1B | ||
| Q2 25 | $235.9M | $1.5B | ||
| Q1 25 | $167.7M | $204.5M | ||
| Q4 24 | $259.6M | $147.7M | ||
| Q3 24 | $431.8M | $182.9M | ||
| Q2 24 | $364.7M | $157.0M | ||
| Q1 24 | $361.4M | $254.4M |
总债务IHRTNET
| 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 | — |
股东权益IHRTNET
| Q4 25 | $-1.8B | $1.5B | ||
| Q3 25 | $-1.8B | $1.3B | ||
| Q2 25 | $-1.7B | $1.2B | ||
| Q1 25 | $-1.6B | $1.4B | ||
| Q4 24 | $-1.4B | $1.0B | ||
| Q3 24 | $-1.4B | $973.1M | ||
| Q2 24 | $-1.4B | $881.5M | ||
| Q1 24 | $-398.6M | $797.2M |
总资产IHRTNET
| Q4 25 | $5.1B | $6.0B | ||
| Q3 25 | $5.1B | $5.8B | ||
| Q2 25 | $5.4B | $5.6B | ||
| Q1 25 | $5.3B | $3.7B | ||
| Q4 24 | $5.6B | $3.3B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $2.9B | ||
| Q1 24 | $6.8B | $2.8B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $156.3M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $137.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 12.2% | 17.1% |
| 资本支出强度资本支出/营收 | 1.7% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $10.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流IHRTNET
| Q4 25 | $156.3M | $190.4M | ||
| Q3 25 | $-9.5M | $167.1M | ||
| Q2 25 | $6.8M | $99.8M | ||
| Q1 25 | $-60.9M | $145.8M | ||
| Q4 24 | $1.2M | $127.3M | ||
| Q3 24 | $102.8M | $104.7M | ||
| Q2 24 | $26.7M | $74.8M | ||
| Q1 24 | $-59.3M | $73.6M |
自由现金流IHRTNET
| Q4 25 | $137.6M | $105.2M | ||
| Q3 25 | $-32.8M | $82.5M | ||
| Q2 25 | $-13.2M | $39.9M | ||
| Q1 25 | $-80.7M | $59.9M | ||
| Q4 24 | $-24.2M | $54.2M | ||
| Q3 24 | $73.3M | $54.5M | ||
| Q2 24 | $5.6M | $45.2M | ||
| Q1 24 | $-80.9M | $41.5M |
自由现金流率IHRTNET
| Q4 25 | 12.2% | 17.1% | ||
| Q3 25 | -3.3% | 14.7% | ||
| Q2 25 | -1.4% | 7.8% | ||
| Q1 25 | -10.0% | 12.5% | ||
| Q4 24 | -2.2% | 11.8% | ||
| Q3 24 | 7.3% | 12.7% | ||
| Q2 24 | 0.6% | 11.3% | ||
| Q1 24 | -10.1% | 11.0% |
资本支出强度IHRTNET
| Q4 25 | 1.7% | 13.9% | ||
| Q3 25 | 2.3% | 15.1% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | 2.4% | 17.9% | ||
| Q4 24 | 2.3% | 15.9% | ||
| Q3 24 | 2.9% | 11.7% | ||
| Q2 24 | 2.3% | 7.4% | ||
| Q1 24 | 2.7% | 8.5% |
现金转化率IHRTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
