IHRT
iHeartMedia, Inc.
IHRT offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TMUS
T-Mobile US, Inc.
TMUS has the edge over IHRT overall, supported by stronger valuation and lower modeled downside.
IHRT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
IHRT's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
IHRT PE Valuation
IHRT has no meaningful PE right now: it lost money over the past year.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
IHRT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect IHRT's earnings, revenue and profitability to hold roughly steady. However, they disagree widely on these estimates.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
TMUS has the edge over IHRT on the outlook, with more favorable earnings and revenue expectations.
IHRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.44 | +$1.16 |
| Q2 2026 | -$1.81 | +$0.63 |
| Q1 2026 | -$1.83 | +$6.57 |
| Q4 2025 | -$3.06 | +$3.62 |
| Q3 2025 | -$2.60 | +$4.19 |
| Q2 2025 | -$2.44 | +$4.14 |
| Q1 2025 | -$8.40 | -$2.39 |
| Q4 2024 | -$6.68 | +$0.71 |
IHRT is still losing money, but far less than before: $1.44 per share over the past year, against $13.15 at its worst in late 2020.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS has the edge over IHRT on earnings quality, reporting a profit while its opponent remains loss making.
IHRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +3.3% |
| Q2 2026 | $977.2M | +4.7% |
| Q1 2026 | $884.2M | +9.6% |
| Q4 2025 | $1.1B | +0.8% |
| Q3 2025 | $997M | -1.1% |
| Q2 2025 | $933.7M | +0.5% |
| Q1 2025 | $807.1M | +1% |
| Q4 2024 | $1.1B | +4.8% |
IHRT's revenue has grown year over year for four quarters in a row: $1B last quarter, up 3.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.1% | +19 points |
| Q2 2026 | 3.6% | -0.2 points |
| Q1 2026 | 0.2% | +3.3 points |
| Q4 2025 | 7.6% | -1.8 points |
| Q3 2025 | -12% | -19 points |
| Q2 2025 | 3.8% | +102 points |
| Q1 2025 | -3.1% | +1.2 points |
| Q4 2024 | 9.3% | +1.9 points |
IHRT's operating margin was 7.1% last quarter, up 19 points from the same quarter a year ago.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS has the edge over IHRT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over IHRT on profitability, with a higher operating margin.
IHRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.4M | +$22.4M |
| Q2 2026 | $46M | +$59.1M |
| Q1 2026 | -$114.5M | -$33.8M |
| Q4 2025 | $137.6M | +$161.8M |
| Q3 2025 | -$32.8M | -145% |
| Q2 2025 | -$13.2M | -337% |
| Q1 2025 | -$80.7M | +$185K |
| Q4 2024 | -$24.2M | -117% |
IHRT's free cash flow has turned positive again: $59M over the past year, against −$151M the year before.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS has the edge over IHRT on cash flow, with more consistent year-over-year improvement.
IHRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +787K shares |
| 1 year | +2.1% | +3.3M shares |
| 3 years | +5.9% | +8.8M shares |
| 5 years | +5.4% | +8.1M shares |
| Available history | +145% | +93.8M shares |
IHRT has 158M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $101,000 |
| Q4 2019 | — |
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over IHRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
IHRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 9.4x | High |
| Q2 2026 | 14.2x | High |
| Q1 2026 | 13.8x | High |
| Q4 2025 | 14.1x | High |
| Q3 2025 | 13.4x | High |
| Q2 2025 | 8.6x | High |
| Q1 2023 | 12.0x | High |
| Q4 2022 | 10.1x | High |
IHRT's net debt is about 9.4 years of its operating earnings (EBITDA), down from 13 years a year ago.
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS has the edge over IHRT on leverage, with a lower net debt burden relative to earnings.
IHRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.5 | Oversold |
| Stochastic | 10.8 | Oversold |
IHRT's weekly RSI is 24 (oversold) and its Stochastic is 11 (oversold).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
IHRT PE vs Communication Services Sector
| Metric | IHRT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
IHRT has no meaningful PE right now: it lost money over the past year.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS is trading at 16x earnings, in line with the Communication Services sector's median of 16x.
IHRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.73 | 66% below |
| 20 week MA | $2.68 | 78% below |
| 50 week MA | $3.44 | 83% below |
| 100 week MA | $2.78 | 79% below |
| 200 week MA | $2.82 | 79% below |
IHRT is in a downtrend: it's below all five of its weekly moving averages, and 79% below its 200-week average.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has the edge over IHRT on trend strength, trading above more of its moving averages.
IHRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $12.2 | -24% |
| 2021 | $12.2 | $21.0 | +73% |
| 2022 | $21.0 | $6.67 | -68% |
| 2023 | $6.67 | $2.67 | -60% |
| 2024 | $2.67 | $1.91 | -28% |
| 2025 | $1.91 | $4.41 | +131% |
| 2026 YTD | $4.41 | $0.58 | -87% |
IHRT's yearly returns have swung widely, from +131% in 2025 to −68% in 2022. It's down 87% so far in 2026.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has the edge over IHRT on returns for 2026, with the stronger performance.