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iHeartMedia, Inc.（IHRT）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是iHeartMedia, Inc.的1.1倍（$1.2B vs $1.1B），利氏兄弟拍卖行净利率更高（9.1% vs -3.7%，领先12.8%），利氏兄弟拍卖行同比增速更快（5.4% vs 0.8%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $137.6M），过去两年iHeartMedia, Inc.的营收复合增速更高（18.8% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
IHRT vs RBA — 直观对比
营收规模更大
RBA
是对方的1.1倍
$1.1B
营收增速更快
RBA
高出4.6%
0.8%
净利率更高
RBA
高出12.8%
-3.7%
自由现金流更多
RBA
多$48.9M
$137.6M
两年增速更快
IHRT
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $-41.9M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 7.6% | 14.7% |
| 净利率 | -3.7% | 9.1% |
| 营收同比 | 0.8% | 5.4% |
| 净利润同比 | -233.1% | -7.4% |
| 每股收益（稀释后） | $-0.25 | $0.53 |
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IHRTRBA
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $997.0M | $1.1B | ||
| Q2 25 | $933.7M | $1.2B | ||
| Q1 25 | $807.1M | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $981.8M | ||
| Q2 24 | $929.1M | $1.1B | ||
| Q1 24 | $799.0M | $1.1B |
净利润IHRTRBA
| Q4 25 | $-41.9M | $109.7M | ||
| Q3 25 | $-66.3M | $95.5M | ||
| Q2 25 | $-83.5M | $109.8M | ||
| Q1 25 | $-281.2M | $113.4M | ||
| Q4 24 | $31.5M | $118.5M | ||
| Q3 24 | $-41.3M | $76.1M | ||
| Q2 24 | $-981.7M | $111.1M | ||
| Q1 24 | $-18.5M | $107.4M |
营业利润率IHRTRBA
| Q4 25 | 7.6% | 14.7% | ||
| Q3 25 | -11.7% | 14.5% | ||
| Q2 25 | 3.8% | 15.9% | ||
| Q1 25 | -3.2% | 17.1% | ||
| Q4 24 | 9.3% | 18.1% | ||
| Q3 24 | 7.6% | 15.6% | ||
| Q2 24 | -97.9% | 18.4% | ||
| Q1 24 | -4.3% | 18.7% |
净利率IHRTRBA
| Q4 25 | -3.7% | 9.1% | ||
| Q3 25 | -6.6% | 8.7% | ||
| Q2 25 | -8.9% | 9.3% | ||
| Q1 25 | -34.8% | 10.2% | ||
| Q4 24 | 2.8% | 10.4% | ||
| Q3 24 | -4.1% | 7.8% | ||
| Q2 24 | -105.7% | 10.1% | ||
| Q1 24 | -2.3% | 10.1% |
每股收益（稀释后）IHRTRBA
| Q4 25 | $-0.25 | $0.53 | ||
| Q3 25 | $-0.43 | $0.43 | ||
| Q2 25 | $-0.54 | $0.53 | ||
| Q1 25 | $-1.84 | $0.55 | ||
| Q4 24 | $0.21 | $0.58 | ||
| Q3 24 | $-0.27 | $0.36 | ||
| Q2 24 | $-6.50 | $0.54 | ||
| Q1 24 | $-0.12 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $5.1B | $2.3B |
| 股东权益账面价值 | $-1.8B | $5.6B |
| 总资产 | $5.1B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资IHRTRBA
| Q4 25 | $270.9M | $531.5M | ||
| Q3 25 | $192.2M | $674.7M | ||
| Q2 25 | $235.9M | $710.2M | ||
| Q1 25 | $167.7M | $578.1M | ||
| Q4 24 | $259.6M | $533.9M | ||
| Q3 24 | $431.8M | $650.7M | ||
| Q2 24 | $364.7M | $599.5M | ||
| Q1 24 | $361.4M | $462.8M |
总债务IHRTRBA
| Q4 25 | $5.1B | $2.3B | ||
| Q3 25 | $5.1B | $2.6B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $5.2B | $2.7B | ||
| Q2 24 | $5.2B | $2.8B | ||
| Q1 24 | $5.1B | $2.9B |
股东权益IHRTRBA
| Q4 25 | $-1.8B | $5.6B | ||
| Q3 25 | $-1.8B | $5.5B | ||
| Q2 25 | $-1.7B | $5.5B | ||
| Q1 25 | $-1.6B | $5.3B | ||
| Q4 24 | $-1.4B | $5.2B | ||
| Q3 24 | $-1.4B | $5.2B | ||
| Q2 24 | $-1.4B | $5.2B | ||
| Q1 24 | $-398.6M | $5.1B |
总资产IHRTRBA
| Q4 25 | $5.1B | $12.1B | ||
| Q3 25 | $5.1B | $12.2B | ||
| Q2 25 | $5.4B | $12.2B | ||
| Q1 25 | $5.3B | $11.9B | ||
| Q4 24 | $5.6B | $11.8B | ||
| Q3 24 | $5.8B | $11.9B | ||
| Q2 24 | $5.8B | $12.1B | ||
| Q1 24 | $6.8B | $12.0B |
负债/权益比IHRTRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $137.6M | $186.5M |
| 自由现金流率自由现金流/营收 | 12.2% | 15.5% |
| 资本支出强度资本支出/营收 | 1.7% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $10.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流IHRTRBA
| Q4 25 | $156.3M | $255.2M | ||
| Q3 25 | $-9.5M | $239.7M | ||
| Q2 25 | $6.8M | $326.5M | ||
| Q1 25 | $-60.9M | $156.8M | ||
| Q4 24 | $1.2M | $184.5M | ||
| Q3 24 | $102.8M | $285.4M | ||
| Q2 24 | $26.7M | $337.3M | ||
| Q1 24 | $-59.3M | $124.8M |
自由现金流IHRTRBA
| Q4 25 | $137.6M | $186.5M | ||
| Q3 25 | $-32.8M | $188.5M | ||
| Q2 25 | $-13.2M | $241.7M | ||
| Q1 25 | $-80.7M | $102.5M | ||
| Q4 24 | $-24.2M | $127.9M | ||
| Q3 24 | $73.3M | $248.5M | ||
| Q2 24 | $5.6M | $308.6M | ||
| Q1 24 | $-80.9M | $79.6M |
自由现金流率IHRTRBA
| Q4 25 | 12.2% | 15.5% | ||
| Q3 25 | -3.3% | 17.3% | ||
| Q2 25 | -1.4% | 20.4% | ||
| Q1 25 | -10.0% | 9.2% | ||
| Q4 24 | -2.2% | 11.2% | ||
| Q3 24 | 7.3% | 25.3% | ||
| Q2 24 | 0.6% | 28.2% | ||
| Q1 24 | -10.1% | 7.5% |
资本支出强度IHRTRBA
| Q4 25 | 1.7% | 5.7% | ||
| Q3 25 | 2.3% | 4.7% | ||
| Q2 25 | 2.1% | 7.2% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 2.3% | 5.0% | ||
| Q3 24 | 2.9% | 3.8% | ||
| Q2 24 | 2.3% | 2.6% | ||
| Q1 24 | 2.7% | 4.2% |
现金转化率IHRTRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 0.04× | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
