Clear Channel Outdoor Holdings, Inc. (CCO) intrinsic value & 10-year financials
Clear Channel Outdoor Holdings, Inc. (CCO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 1.6% a year to $1.1B, with an average return on invested capital of 5.2%.
- Graham intrinsic value
- —
- Share price (Oct 16, 2026)
- $2.42
- Market cap
- $1.2B
- Revenue (FY2025)
- $1.1B
- Revenue growth (10-yr CAGR)
- -1.6%
- ROIC (10-yr avg)
- 5.2%
- Free cash flow (FY2025)
- $32.0M
CCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | $19.9M | $0.04 | $32.0M | 27.3% | 8.5% |
| FY2024 | $1.0B | -$179.3M | -$0.37 | -$62.6M | 27.8% | 8.7% |
| FY2023 | $1.4B | -$310.9M | -$0.65 | -$135.3M | 16.6% | 7.3% |
| FY2022 | $1.7B | -$96.6M | -$0.20 | -$44.7M | 13.5% | 4.0% |
| FY2021 | $1.5B | -$433.8M | -$0.93 | -$281.5M | -1.1% | -0.5% |
| FY2020 | $1.3B | -$582.7M | -$1.25 | -$258.2M | -23.2% | -7.1% |
| FY2019 | $1.9B | -$363.3M | -$0.88 | -$6.6M | 13.1% | 7.0% |
| FY2018 | $1.4B | -$218.2M | -$0.60 | -$23.8M | 18.2% | 8.0% |
| FY2017 | $1.3B | -$639.7M | -$1.77 | -$76.7M | 18.1% | 4.7% |
| FY2016 | $1.3B | $141.4M | $0.39 | $80.5M | 48.4% | 11.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Clear Channel Outdoor Holdings, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Clear Channel Outdoor Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 5.2% ROIC.
Clear Channel Outdoor Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Clear Channel Outdoor Holdings, Inc. is modeled at -22.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.25 per share.