CCOClear Channel Outdoor Holdings, Inc.
Is the business good?
The checks split: margins widening, but thin cash backing (0.6×).
Operating profit outpaces operating cash flow, watch accruals and working capital. Conversion is improving vs a year ago.
Profits are tracking sales roughly one-for-one, limited operating leverage either way.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CCO?
Clear Channel Outdoor Holdings, Inc. earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 8.2 points above what the capital costs: growth creates value
- Operating margin
- 19%
Operating margin · Advertising Agencies median 5.7% · 12 months to Q2 2026
- Cash conversion
- 0.64×
Cash conversion · 0.38× a year ago · the operating profit has not turned into cash yet
- Share count, year on year
- +2.1%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −16% |
| FY2021 | 3.3% |
| FY2022 | 19% |
| FY2023 | 15% |
| FY2024 | 19% |
| FY2025 | 19% |
Details›
- Gross margin12 months to Q2 2026
- 54%
- Operating margin12 months to Q2 2026
- 19%
- Net margin12 months to Q2 2026
- −6.3%
- Free cash flow margin
- 5.0%
- Revenue, trailing twelve months
- $1.68B
- Free cash flow, trailing twelve months
- $84M
- Net income, trailing twelve months
- −$106M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Advertising Agencies
Ranks #7 of 11 by RyuScore