Clear Channel Outdoor Holdings, Inc. (CCO) Financial Ratios
23 years of historical data (2003–2025) · Communication Services · Advertising Agencies
EV/EBITDA
↓
15.58
-4% vs avg
5yr avg: 16.23
30Y Low6.1·High56.8
P/FCF
37.10
+8% vs avg
5yr avg: 34.44
30Y Low8.9·High34.4
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low0.6·High60.8
ROE
N/A
—
5yr avg: N/A
30Y Low-99%·High12%
Debt/EBITDA
↓
13.50
↓-8% vs avg
5yr avg: 14.73
30Y Low0.4·High16.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CCO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Clear Channel Outdoor Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 37.1x P/FCF, 8% above the 5-year average of 34.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.1B | $670M | $877M | $498M | $1.6B | $766M | $1.2B | $1.9B | $1.7B | $1.8B |
| Enterprise Value | $7.5B | $7.4B | $7.6B | $7.8B | $7.2B | $8.4B | $7.2B | $7.8B | $7.0B | $6.8B | $6.4B |
| P/E Ratio → | -11.33 | — | — | — | — | — | — | — | — | — | 13.65 |
| P/S Ratio | 0.74 | 0.69 | 0.45 | 0.61 | 0.36 | 0.88 | 0.41 | 0.44 | 0.69 | 0.64 | 0.68 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 37.10 | 34.44 | — | — | — | — | — | — | — | — | 22.68 |
| P/OCF | 10.33 | 9.59 | 8.40 | 28.05 | 3.56 | — | — | 5.51 | 10.02 | 10.38 | 5.89 |
P/E links to full P/E history page with 30-year chart
CCO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Clear Channel Outdoor Holdings, Inc.'s enterprise value stands at 15.6x EBITDA, roughly in line with its 5-year average of 16.2x. The Communication Services sector median is 8.7x, placing the stock at a 79% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.60 | 5.04 | 5.44 | 5.23 | 4.73 | 3.90 | 2.91 | 2.56 | 2.62 | 2.39 |
| EV / EBITDA | 15.58 | 15.40 | 16.73 | 16.42 | 13.16 | 19.43 | 56.82 | 13.77 | 12.22 | 12.15 | 6.56 |
| EV / EBIT | 24.53 | 24.87 | 28.25 | 36.29 | 28.33 | — | — | 60.11 | 26.89 | 32.30 | 22.08 |
| EV / FCF | — | 230.83 | — | — | — | — | — | — | — | — | 79.50 |
CCO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Clear Channel Outdoor Holdings, Inc. earns an operating margin of 19.0%. Operating margins have expanded from 15.1% to 19.0% over the past 3 years, signaling improving operational efficiency. ROIC of 7.4% represents adequate returns on invested capital.
Margins
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 | 42.5% | 42.5% | 54.8% | 54.0% | 57.4% | 49.8% | 35.2% | 45.9% | 46.0% | 45.5% | 47.3% |
| Operating Margin | 19.0% | 19.0% | 18.5% | 15.1% | 18.5% | 3.3% | -15.8% | 9.4% | 9.3% | 9.0% | 23.6% |
| Net Profit Margin | -6.5% | -6.5% | -11.9% | -21.7% | -7.0% | -24.5% | -31.4% | -13.5% | -8.0% | -24.9% | 5.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | -2.4% | -2.4% | -3.8% | -6.3% | -1.9% | -7.8% | -9.6% | -6.7% | -4.7% | -12.4% | 2.2% |
| ROIC | 7.4% | 7.4% | 6.2% | 4.7% | 5.4% | 1.2% | -5.3% | 5.0% | 6.0% | 4.9% | 12.0% |
| ROCE | 9.0% | 9.0% | 7.6% | 5.6% | 6.3% | 1.3% | -5.9% | 5.6% | 6.5% | 5.1% | 12.0% |
CCO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Clear Channel Outdoor Holdings, Inc. carries a Debt/EBITDA ratio of 13.5x, which is highly leveraged (294% above the sector average of 3.4x). Net debt stands at $6.3B ($6.5B total debt minus $190M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 13.50 | 13.50 | 15.50 | 15.10 | 12.77 | 16.78 | 56.97 | 12.39 | 9.25 | 9.43 | 5.24 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 13.10 | 13.10 | 15.25 | 14.57 | 12.25 | 15.83 | 50.80 | 11.69 | 8.93 | 9.18 | 4.69 |
| Debt / FCF | — | 196.39 | — | — | — | — | — | — | — | — | 56.82 |
| Interest Coverage | 0.75 | 0.75 | 0.67 | 0.51 | 0.76 | -0.13 | -0.83 | 0.31 | 0.67 | 0.55 | 0.77 |
CCO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.28x means Clear Channel Outdoor Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.08x to 1.28x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.28 | 1.28 | 1.30 | 1.08 | 1.00 | 1.02 | 1.22 | 1.02 | 1.39 | 1.48 | 2.09 |
| Quick Ratio | 1.28 | 1.28 | 1.30 | 1.08 | 1.00 | 1.02 | 1.21 | 1.00 | 1.37 | 1.45 | 2.06 |
| Cash Ratio | 0.31 | 0.31 | 0.09 | 0.28 | 0.25 | 0.37 | 0.72 | 0.34 | 0.25 | 0.22 | 0.84 |
| Asset Turnover | — | 0.42 | 0.31 | 0.30 | 0.27 | 0.33 | 0.32 | 0.42 | 0.60 | 0.55 | 0.47 |
| Inventory Turnover | — | — | — | — | — | — | 72.40 | 68.75 | 81.43 | 64.26 | 66.93 |
| Days Sales Outstanding | — | 84.50 | 83.44 | 127.20 | 119.86 | 132.71 | 92.17 | 96.99 | 95.40 | 93.67 | 82.04 |
CCO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Clear Channel Outdoor Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
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 | — | — | — | — | — | — | 0.1% | 0.1% | 1.6% | 20.0% | 41.4% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 559.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | 7.3% |
| FCF Yield | 2.7% | 2.9% | — | — | — | — | — | — | — | — | 4.4% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 1.6% | 20.0% | 41.4% |
| Shares Outstanding | — | $498M | $489M | $482M | $474M | $468M | $465M | $413M | $362M | $361M | $362M |
Peer Comparison
Compare CCO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CCOYou | $1B | -11.3 | 15.6 | 37.1 | 42.5% | 19.0% | — | 7.4% | 13.5 |
 OUT | $6B | 36.5 | 20.5 | 25.5 | 32.4% | 16.8% | 19.4% | 4.9% | 8.8 |
 LAMR | $14B | 24.5 | 20.0 | 19.5 | 38.2% | 30.8% | 56.7% | 8.2% | 6.0 |
 IPG | $9B | 13.4 | 7.5 | 9.8 | 17.0% | 11.3% | 17.3% | 14.7% | 2.9 |
 OMC | $24B | -284.9 | 10.4 | 8.6 | 17.3% | 15.0% | -0.6% | 14.5% | 4.5 |
 MGNI | $2B | 14.1 | 10.8 | 11.6 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 TTD | $11B | 26.4 | 15.9 | 14.3 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 YEXT | $497M | 57.7 | 9.5 | 9.3 | 74.5% | 10.0% | 24.2% | 31.6% | 1.8 |
 GOOG | $4.8T | 36.5 | 32.0 | 65.2 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.6T | 26.1 | 15.7 | 33.7 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
 NXST | $6B | 65.7 | 4.5 | 8.0 | — | 17.2% | — | 19.1% | — |
| Communication Services Median | — | 15.5 | 8.7 | 11.6 | 49.1% | 0.9% | 2.2% | 3.3% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonCCO — Frequently Asked Questions
Quick answers to the most common questions about buying CCO stock.
What is Clear Channel Outdoor Holdings, Inc.'s P/E ratio?
Clear Channel Outdoor Holdings, Inc.'s current P/E ratio is -11.3x. The historical average is 67.7x.
What is Clear Channel Outdoor Holdings, Inc.'s EV/EBITDA?
Clear Channel Outdoor Holdings, Inc.'s current EV/EBITDA is 15.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
Is CCO stock overvalued?
Based on historical data, Clear Channel Outdoor Holdings, Inc. is trading at a P/E of -11.3x. Compare with industry peers and growth rates for a complete picture.
What are Clear Channel Outdoor Holdings, Inc.'s profit margins?
Clear Channel Outdoor Holdings, Inc. has 42.5% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Clear Channel Outdoor Holdings, Inc. have?
Clear Channel Outdoor Holdings, Inc.'s Debt/EBITDA ratio is 13.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.