Latest Ratios: P/E Ratio -1.3x · EV/EBITDA 10.9x · ROE N/A. (2004–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $524M | $646M | $300M | $399M | $878M | $3.1B | $1.9B | $1.1B | — | — | — |
| Enterprise Value | $6.0B | $6.2B | $5.9B | $6.1B | $6.9B | $9.3B | $8.1B | $7.3B | — | — | — |
| P/E Ratio → | -1.32 | — | — | — | — | — | — | 0.12 | — | — | — |
| P/S Ratio | 0.14 | 0.17 | 0.08 | 0.11 | 0.22 | 0.87 | 0.64 | 0.30 | — | — | — |
| P/B Ratio | — | — | — | — | 1.28 | 3.37 | 1.80 | 0.37 | — | — | — |
| P/FCF | 48.02 | 59.17 | — | 3.61 | 3.39 | 20.97 | 14.49 | 3.45 | — | — | — |
| P/OCF | 5.66 | 6.97 | 4.19 | 1.87 | 2.09 | 9.34 | 8.77 | 2.54 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.59 | 1.53 | 1.63 | 1.76 | 2.61 | 2.74 | 1.99 | — | — | — |
| EV / EBITDA | 10.92 | 11.14 | — | — | 13.68 | 14.90 | — | 8.07 | — | — | — |
| EV / EBIT | 31.26 | — | 36.96 | 35.70 | 82.12 | 43.75 | 7173.82 | 12.17 | — | — | — |
| EV / FCF | — | 564.83 | — | 55.29 | 26.53 | 63.19 | 61.89 | 23.16 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.3% | 58.3% | 58.8% | 60.2% | 62.2% | 62.8% | 61.4% | 60.1% | 60.0% | 60.1% | 61.5% |
| Operating Margin | 5.0% | 5.0% | -19.8% | -21.3% | 1.5% | 4.4% | -58.9% | 16.5% | 10.9% | 11.4% | 24.0% |
| Net Profit Margin | -12.2% | -12.2% | -26.2% | -29.4% | -6.8% | -4.5% | -64.9% | 257.1% | -3.2% | -6.4% | -4.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -735.7% | -33.1% | -16.2% | -95.8% | 321.6% | — | — | — |
| ROA | -8.5% | -8.5% | -16.1% | -14.4% | -3.1% | -1.8% | -18.9% | 81.3% | -1.6% | -3.1% | -2.2% |
| ROIC | 3.7% | 3.7% | -12.0% | -10.0% | 0.6% | 1.6% | -15.9% | 35.8% | 42.9% | 5.9% | 12.5% |
| ROCE | 4.1% | 4.1% | -14.1% | -11.7% | 0.7% | 1.9% | -18.4% | 5.7% | 19.9% | 19.8% | 12.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 9.25 | 7.17 | 6.58 | 2.25 | — | — | — |
| Debt / EBITDA | 10.46 | 10.46 | — | — | 12.60 | 10.52 | — | 7.31 | 5.90 | 15.86 | 9.52 |
| Net Debt / Equity | — | — | — | — | 8.76 | 6.79 | 5.90 | 2.12 | — | — | — |
| Net Debt / EBITDA | 9.97 | 9.97 | — | — | 11.93 | 9.95 | — | 6.87 | 5.45 | 15.65 | 9.12 |
| Debt / FCF | — | 505.67 | — | 51.68 | 23.14 | 42.22 | 47.40 | 19.71 | 7.33 | — | — |
| Interest Coverage | -0.18 | -0.18 | 0.42 | 0.44 | 0.25 | 0.64 | 0.00 | 2.26 | 2.23 | 0.51 | 0.84 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.51 | 1.51 | 1.56 | 1.78 | 1.77 | 1.73 | 2.26 | 2.12 | 1.79 | 0.13 | 1.48 |
| Quick Ratio | 1.51 | 1.51 | 1.56 | 1.78 | 1.77 | 1.73 | 2.25 | 2.12 | 1.79 | 0.13 | 1.46 |
| Cash Ratio | 0.28 | 0.28 | 0.30 | 0.41 | 0.40 | 0.41 | 1.01 | 0.60 | 0.33 | 0.02 | 0.50 |
| Asset Turnover | — | 0.69 | 0.69 | 0.54 | 0.47 | 0.40 | 0.32 | 0.33 | 0.52 | 0.50 | 0.49 |
| Inventory Turnover | — | — | — | — | — | 419.99 | 986.82 | 2898.54 | 7135.06 | 109.56 | 109.31 |
| Days Sales Outstanding | — | 90.61 | 94.06 | 101.32 | 96.83 | 105.69 | 99.21 | 92.03 | 51.09 | 89.22 | 79.38 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 868.2% | — | — | — |
| FCF Yield | 2.1% | 1.7% | — | 27.7% | 29.5% | 4.8% | 6.9% | 29.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $155M | $151M | $149M | $143M | $147M | $146M | $65M | $85M | $85M | $85M |
High Debt Interest Burden
According to recent market data, iHeartMedia trades at a P/S ratio of 0.15, which, when viewed alongside an EV/EBITDA multiple of 10.99, suggests that investors are heavily discounting the company's future cash flows due to the persistent decline in legacy broadcast advertising revenue streams.
The current valuation multiples appear to reflect a significant conglomerate discount, as the market struggles to reconcile the high-growth potential of the digital audio segment with the secular decline of terrestrial radio. Investors should monitor whether the company can successfully pivot its revenue mix, as current pricing implies a high probability of continued stagnation in top-line growth.
Based on reported financial figures, iHeartMedia's ROIC has remained largely stagnant or negative, fluctuating between -14.3% and 1.9% over the last ten quarters, which indicates that the company is struggling to generate returns that exceed its cost of capital in a high-interest rate environment.
The inability to consistently compound returns on invested capital suggests that the firm's capital allocation strategy is currently hindered by its substantial debt burden. This trend warrants further investigation into whether the company's digital investments can eventually drive sufficient margin expansion to offset the capital-intensive nature of its legacy broadcast infrastructure.
As reported in recent financial statements, iHeartMedia's Days Sales Outstanding (DSO) has fluctuated significantly, reaching as high as 109 days in 2024Q1, which suggests that the company faces ongoing challenges in managing its accounts receivable and maintaining consistent cash conversion efficiency across its diverse media platforms.
The variability in DSO indicates that the company's working capital position is highly sensitive to the timing of advertising collections, which can create liquidity pressure during cyclical downturns. Investors should monitor these trends closely, as inefficient cash conversion cycles exacerbate the company's reliance on external financing to cover its fixed operating costs.
Based on the provided quarterly data, iHeartMedia's interest coverage ratio has frequently dipped below 1.0x, with a recent reading of 0.11 in 2026Q1, highlighting the extreme sensitivity of the company's solvency to fluctuations in operating income and the ongoing burden of its significant debt obligations.
The company's leverage profile appears increasingly strained, as interest expenses consume a disproportionate share of operating cash flow. This situation suggests that the firm has limited financial flexibility to navigate further advertising market volatility without potentially compromising its long-term operational stability or requiring further capital restructuring.
As indicated by the company's negative TTM P/E of -1.42, the use of traditional price-to-earnings ratios is fundamentally misapplied to iHeartMedia, as recurring non-cash impairment charges and high interest expenses frequently distort net income, rendering the metric ineffective for assessing the company's true operational earning power.
Analysts should instead prioritize EV/EBITDA or free cash flow yield to better understand the company's ability to service its debt and fund its digital transition. Relying on P/E ratios in this context obscures the underlying cash-generating capacity of the business and may lead to an inaccurate assessment of the firm's valuation relative to its peers.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying IHRT stock.
iHeartMedia, Inc.'s current P/E ratio is -1.3x. The historical average is 0.1x.
iHeartMedia, Inc.'s current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
Based on historical data, iHeartMedia, Inc. is trading at a P/E of -1.3x. Compare with industry peers and growth rates for a complete picture.
iHeartMedia, Inc. has 58.3% gross margin and 5.0% operating margin.
iHeartMedia, Inc.'s Debt/EBITDA ratio is 10.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.