Is the business good?
How good a business is CCO?
Clear Channel Outdoor Holdings, Inc. earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
16%
Return on invested capital · cost of capital 9.0% · 7.2 points above what the capital costs: growth creates value
- Operating margin
- 19%
Operating margin · Advertising Agencies median 11% · 12 months to Q1 2026
- Share count, year on year
- +1.7%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 54%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −16% |
| FY2021 | 3.3% |
| FY2022 | 19% |
| FY2023 | 15% |
| FY2024 | 19% |
| FY2025 | 19% |
Details›
- Gross margin12 months to Q1 2026
- 54%
- Operating margin12 months to Q1 2026
- 19%
- Net margin12 months to Q1 2026
- −5.5%
- Free cash flow margin
- 1.8%
- Revenue, trailing twelve months
- $1.64B
- Free cash flow, trailing twelve months
- $30M
- Net income, trailing twelve months
- −$91M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 16%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Advertising Agencies
Ranks #4 of 9 by Smart Score