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iHeartMedia, Inc.（IHRT）与Townsquare Media, Inc.（TSQ）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Townsquare Media, Inc.的10.6倍（$1.1B vs $106.5M）。iHeartMedia, Inc.净利率更高（-3.7% vs -4.9%，领先1.2%）。iHeartMedia, Inc.同比增速更快（0.8% vs -9.6%）。iHeartMedia, Inc.自由现金流更多（$137.6M vs $9.2M）。过去两年iHeartMedia, Inc.的营收复合增速更高（18.8% vs 3.4%）
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。
Townsquare Media是总部位于美国纽约州帕切斯的广播电台网络与传媒企业，该公司起步于广播业务，在2000年代末通过收购MOG音乐网络，逐步拓展数字媒体业务。截至2024年6月，Townsquare Media是美国第三大调幅调频广播运营商，在全国74个市场共拥有349家电台。
IHRT vs TSQ — 直观对比
营收规模更大
IHRT
是对方的10.6倍
$106.5M
营收增速更快
IHRT
高出10.4%
-9.6%
净利率更高
IHRT
高出1.2%
-4.9%
自由现金流更多
IHRT
多$128.4M
$9.2M
两年增速更快
IHRT
近两年复合增速
3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $106.5M |
| 净利润 | $-41.9M | $-5.2M |
| 毛利率 | — | 24.1% |
| 营业利润率 | 7.6% | 9.5% |
| 净利率 | -3.7% | -4.9% |
| 营收同比 | 0.8% | -9.6% |
| 净利润同比 | -233.1% | -121.2% |
| 每股收益（稀释后） | $-0.25 | — |
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IHRTTSQ
| Q4 25 | $1.1B | $106.5M | ||
| Q3 25 | $997.0M | $106.8M | ||
| Q2 25 | $933.7M | $115.4M | ||
| Q1 25 | $807.1M | $98.7M | ||
| Q4 24 | $1.1B | $117.8M | ||
| Q3 24 | $1.0B | $115.3M | ||
| Q2 24 | $929.1M | $118.2M | ||
| Q1 24 | $799.0M | $99.6M |
净利润IHRTTSQ
| Q4 25 | $-41.9M | $-5.2M | ||
| Q3 25 | $-66.3M | $-5.9M | ||
| Q2 25 | $-83.5M | $1.6M | ||
| Q1 25 | $-281.2M | $-2.0M | ||
| Q4 24 | $31.5M | $24.6M | ||
| Q3 24 | $-41.3M | $10.8M | ||
| Q2 24 | $-981.7M | $-49.2M | ||
| Q1 24 | $-18.5M | $1.1M |
毛利率IHRTTSQ
| Q4 25 | — | 24.1% | ||
| Q3 25 | — | 26.2% | ||
| Q2 25 | — | 28.3% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 27.7% | ||
| Q1 24 | — | 22.8% |
营业利润率IHRTTSQ
| Q4 25 | 7.6% | 9.5% | ||
| Q3 25 | -11.7% | 5.6% | ||
| Q2 25 | 3.8% | 18.2% | ||
| Q1 25 | -3.2% | 7.2% | ||
| Q4 24 | 9.3% | 18.1% | ||
| Q3 24 | 7.6% | 13.1% | ||
| Q2 24 | -97.9% | -18.1% | ||
| Q1 24 | -4.3% | 6.7% |
净利率IHRTTSQ
| Q4 25 | -3.7% | -4.9% | ||
| Q3 25 | -6.6% | -5.5% | ||
| Q2 25 | -8.9% | 1.4% | ||
| Q1 25 | -34.8% | -2.0% | ||
| Q4 24 | 2.8% | 20.8% | ||
| Q3 24 | -4.1% | 9.4% | ||
| Q2 24 | -105.7% | -41.7% | ||
| Q1 24 | -2.3% | 1.1% |
每股收益（稀释后）IHRTTSQ
| Q4 25 | $-0.25 | — | ||
| Q3 25 | $-0.43 | $-0.36 | ||
| Q2 25 | $-0.54 | $0.09 | ||
| Q1 25 | $-1.84 | $-0.12 | ||
| Q4 24 | $0.21 | $1.76 | ||
| Q3 24 | $-0.27 | $0.63 | ||
| Q2 24 | $-6.50 | $-3.26 | ||
| Q1 24 | $-0.12 | $0.06 |
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 | $4.8M |
| 总债务越低越好 | $5.1B | $433.0M |
| 股东权益账面价值 | $-1.8B | $-41.0M |
| 总资产 | $5.1B | $528.6M |
| 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IHRTTSQ
| Q4 25 | $270.9M | $4.8M | ||
| Q3 25 | $192.2M | $3.2M | ||
| Q2 25 | $235.9M | $3.2M | ||
| Q1 25 | $167.7M | $5.5M | ||
| Q4 24 | $259.6M | $33.0M | ||
| Q3 24 | $431.8M | $21.8M | ||
| Q2 24 | $364.7M | $28.5M | ||
| Q1 24 | $361.4M | $56.6M |
总债务IHRTTSQ
| Q4 25 | $5.1B | $433.0M | ||
| Q3 25 | $5.1B | $437.6M | ||
| Q2 25 | $5.1B | $439.7M | ||
| Q1 25 | $5.1B | $448.4M | ||
| Q4 24 | $5.1B | $465.8M | ||
| Q3 24 | $5.2B | $476.7M | ||
| Q2 24 | $5.2B | $487.1M | ||
| Q1 24 | $5.1B | $500.1M |
股东权益IHRTTSQ
| Q4 25 | $-1.8B | $-41.0M | ||
| Q3 25 | $-1.8B | $-34.0M | ||
| Q2 25 | $-1.7B | $-27.1M | ||
| Q1 25 | $-1.6B | $-26.8M | ||
| Q4 24 | $-1.4B | $-28.4M | ||
| Q3 24 | $-1.4B | $-52.5M | ||
| Q2 24 | $-1.4B | $-64.1M | ||
| Q1 24 | $-398.6M | $1.8M |
总资产IHRTTSQ
| Q4 25 | $5.1B | $528.6M | ||
| Q3 25 | $5.1B | $539.2M | ||
| Q2 25 | $5.4B | $545.7M | ||
| Q1 25 | $5.3B | $544.5M | ||
| Q4 24 | $5.6B | $580.4M | ||
| Q3 24 | $5.8B | $565.4M | ||
| Q2 24 | $5.8B | $579.6M | ||
| Q1 24 | $6.8B | $636.7M |
负债/权益比IHRTTSQ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 271.80× |
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 | $12.6M |
| 自由现金流经营现金流 - 资本支出 | $137.6M | $9.2M |
| 自由现金流率自由现金流/营收 | 12.2% | 8.6% |
| 资本支出强度资本支出/营收 | 1.7% | 3.2% |
| 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 | $15.4M |
8季度趋势，按日历期对齐
经营现金流IHRTTSQ
| Q4 25 | $156.3M | $12.6M | ||
| Q3 25 | $-9.5M | $7.9M | ||
| Q2 25 | $6.8M | $10.2M | ||
| Q1 25 | $-60.9M | $-66.0K | ||
| Q4 24 | $1.2M | $28.2M | ||
| Q3 24 | $102.8M | $9.9M | ||
| Q2 24 | $26.7M | $9.0M | ||
| Q1 24 | $-59.3M | $1.7M |
自由现金流IHRTTSQ
| Q4 25 | $137.6M | $9.2M | ||
| Q3 25 | $-32.8M | $4.3M | ||
| Q2 25 | $-13.2M | $6.4M | ||
| Q1 25 | $-80.7M | $-4.5M | ||
| Q4 24 | $-24.2M | $24.5M | ||
| Q3 24 | $73.3M | $4.8M | ||
| Q2 24 | $5.6M | $4.8M | ||
| Q1 24 | $-80.9M | $-2.8M |
自由现金流率IHRTTSQ
| Q4 25 | 12.2% | 8.6% | ||
| Q3 25 | -3.3% | 4.1% | ||
| Q2 25 | -1.4% | 5.5% | ||
| Q1 25 | -10.0% | -4.6% | ||
| Q4 24 | -2.2% | 20.8% | ||
| Q3 24 | 7.3% | 4.1% | ||
| Q2 24 | 0.6% | 4.0% | ||
| Q1 24 | -10.1% | -2.8% |
资本支出强度IHRTTSQ
| Q4 25 | 1.7% | 3.2% | ||
| Q3 25 | 2.3% | 3.3% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 2.4% | 4.5% | ||
| Q4 24 | 2.3% | 3.1% | ||
| Q3 24 | 2.9% | 4.4% | ||
| Q2 24 | 2.3% | 3.6% | ||
| Q1 24 | 2.7% | 4.4% |
现金转化率IHRTTSQ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.51× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | 1.15× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.47× |
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% |
TSQ
| Broadcast Advertising Segment | $46.4M | 44% |
| Digital Advertising Segment | $41.7M | 39% |
| Subscription Digital Marketing Solutions Segment | $18.4M | 17% |
