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iHeartMedia vs Sirius XM: revenue, profit, margins and growth compared

iHeartMedia brought in $3.9B of revenue in fiscal 2025, Sirius XM $8.6B in fiscal 2025. Revenue changed by +0.3% at iHeartMedia and -1.6% at Sirius XM on the year before, so iHeartMedia grew faster. iHeartMedia kept -12.2% of its revenue as net profit, Sirius XM 9.4%. Free cash flow was $10.9M at iHeartMedia and $1.2B at Sirius XM.

Side by side, latest fiscal year

IHRTSIRI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.9B$8.6B
Revenue growth+0.3%-1.6%
Net income-$472.9M$805M
Net margin-12.2%9.4%
Free cash flow$10.9M$1.2B
Free cash flow margin0.3%14.5%
Earnings per share (diluted)-$3.06$2.23
Cash$270.9M$94M
Debt$5.1B$9.7B
Price to earningsn/a11.6
Market value$296.8M$8.7B
Dividend yieldn/an/a
Rank by revenue in sector#258 of 1065 · Consumer discretionary#140 of 1065 · Consumer discretionary

Over the years

Revenue
IHRT FY2017: $3.6BIHRT FY2018: $3.6BIHRT FY2020: $2.9BIHRT FY2021: $3.6BIHRT FY2022: $3.9BIHRT FY2023: $3.8BIHRT FY2024: $3.9BIHRT FY2025: $3.9BSIRI FY2018: $5.8BSIRI FY2019: $7.8BSIRI FY2020: $8BSIRI FY2021: $8.7BSIRI FY2022: $9BSIRI FY2023: $9BSIRI FY2024: $8.7BSIRI FY2025: $8.6BFY17FY18FY19FY20FY21FY22FY23FY24FY25
IHRT $3.9BSIRI $8.6B
Net income
IHRT FY2017: -$398.1MIHRT FY2018: -$201.9MIHRT FY2020: -$1.9BIHRT FY2021: -$159.2MIHRT FY2022: -$264.7MIHRT FY2023: -$1.1BIHRT FY2024: -$1BIHRT FY2025: -$472.9MSIRI FY2018: $1.2BSIRI FY2019: $914MSIRI FY2020: $131MSIRI FY2021: $1.3BSIRI FY2022: $908MSIRI FY2023: $786MSIRI FY2024: -$1.7BSIRI FY2025: $805MFY17FY18FY19FY20FY21FY22FY23FY24FY25
IHRT -$472.9MSIRI $805M
Net margin
IHRT FY2017: -11.1%IHRT FY2018: -5.6%IHRT FY2020: -64.9%IHRT FY2021: -4.5%IHRT FY2022: -6.8%IHRT FY2023: -29.4%IHRT FY2024: -26.2%IHRT FY2025: -12.2%SIRI FY2018: 20.4%SIRI FY2019: 11.7%SIRI FY2020: 1.6%SIRI FY2021: 15.1%SIRI FY2022: 10.1%SIRI FY2023: 8.8%SIRI FY2024: -19.1%SIRI FY2025: 9.4%FY17FY18FY19FY20FY21FY22FY23FY24FY25
IHRT -12.2%SIRI 9.4%
Revenue growth
IHRT FY2018: +0.7%IHRT FY2021: +20.7%IHRT FY2022: +9.9%IHRT FY2023: -4.1%IHRT FY2024: +2.8%IHRT FY2025: +0.3%SIRI FY2019: +35.1%SIRI FY2020: +3.2%SIRI FY2021: +8.2%SIRI FY2022: +3.5%SIRI FY2023: -0.6%SIRI FY2024: -2.8%SIRI FY2025: -1.6%FY18FY19FY20FY21FY22FY23FY24FY25
IHRT +0.3%SIRI -1.6%
Free cash flow
IHRT FY2017: -$558.9MIHRT FY2018: $881.4MIHRT FY2020: $130.7MIHRT FY2021: $147.2MIHRT FY2022: $259.1MIHRT FY2023: $110.4MIHRT FY2024: -$26.2MIHRT FY2025: $10.9MSIRI FY2018: $1.5BSIRI FY2019: $1.7BSIRI FY2020: $1.7BSIRI FY2021: $1.6BSIRI FY2022: $1.6BSIRI FY2023: $1.2BSIRI FY2024: $1BSIRI FY2025: $1.2BFY17FY18FY19FY20FY21FY22FY23FY24FY25
IHRT $10.9MSIRI $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about iHeartMedia and Sirius XM

Which is bigger by revenue, iHeartMedia or Sirius XM?

Sirius XM is bigger by revenue: $8.6B in fiscal 2025, against $3.9B for iHeartMedia in fiscal 2025.

Which keeps more of its revenue as profit, iHeartMedia or Sirius XM?

iHeartMedia had a net margin of -12.2% in fiscal 2025; Sirius XM had 9.4% in fiscal 2025.

Which grew revenue faster, iHeartMedia or Sirius XM?

In their latest fiscal years revenue changed by +0.3% at iHeartMedia and -1.6% at Sirius XM.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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