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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and OUTFRONT Media Inc. (OUT). Click either name above to swap in a different company.

OUTFRONT Media Inc. is the larger business by last-quarter revenue ($513.3M vs $291.6M, roughly 1.8× ADTRAN Holdings, Inc.). OUTFRONT Media Inc. runs the higher net margin — 18.9% vs -1.2%, a 20.1% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs 4.1%). OUTFRONT Media Inc. produced more free cash flow last quarter ($93.3M vs $30.6M). Over the past eight quarters, ADTRAN Holdings, Inc.'s revenue compounded faster (13.5% CAGR vs 12.1%).

Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.

Outfront Media, Inc. is an American advertising company. It operates in the United States. The Americas division is led by chief executive officer Nick Brien. Outfront Media has both billboards and transit displays.

ADTN vs OUT — Head-to-Head

Bigger by revenue
OUT
OUT
1.8× larger
OUT
$513.3M
$291.6M
ADTN
Growing faster (revenue YoY)
ADTN
ADTN
+16.0% gap
ADTN
20.1%
4.1%
OUT
Higher net margin
OUT
OUT
20.1% more per $
OUT
18.9%
-1.2%
ADTN
More free cash flow
OUT
OUT
$62.7M more FCF
OUT
$93.3M
$30.6M
ADTN
Faster 2-yr revenue CAGR
ADTN
ADTN
Annualised
ADTN
13.5%
12.1%
OUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADTN
ADTN
OUT
OUT
Revenue
$291.6M
$513.3M
Net Profit
$-3.6M
$96.8M
Gross Margin
39.0%
Operating Margin
1.5%
26.0%
Net Margin
-1.2%
18.9%
Revenue YoY
20.1%
4.1%
Net Profit YoY
92.2%
30.8%
EPS (diluted)
$-0.02
$0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADTN
ADTN
OUT
OUT
Q4 25
$291.6M
$513.3M
Q3 25
$279.4M
$467.5M
Q2 25
$265.1M
$460.2M
Q1 25
$247.7M
$390.7M
Q4 24
$242.9M
$493.2M
Q3 24
$227.7M
$451.9M
Q2 24
$226.0M
$477.3M
Q1 24
$226.2M
$408.5M
Net Profit
ADTN
ADTN
OUT
OUT
Q4 25
$-3.6M
$96.8M
Q3 25
$-10.3M
$51.3M
Q2 25
$-20.5M
$19.5M
Q1 25
$-11.3M
$-20.6M
Q4 24
$-46.1M
$74.0M
Q3 24
$-33.3M
$34.6M
Q2 24
$-49.7M
$176.8M
Q1 24
$-330.8M
$-27.2M
Gross Margin
ADTN
ADTN
OUT
OUT
Q4 25
39.0%
Q3 25
38.3%
Q2 25
37.3%
Q1 25
38.4%
Q4 24
36.9%
Q3 24
36.5%
Q2 24
36.0%
Q1 24
31.1%
Operating Margin
ADTN
ADTN
OUT
OUT
Q4 25
1.5%
26.0%
Q3 25
-1.0%
19.2%
Q2 25
-5.0%
12.2%
Q1 25
-1.6%
3.6%
Q4 24
-6.9%
22.5%
Q3 24
-11.5%
15.8%
Q2 24
-17.0%
48.0%
Q1 24
-153.1%
3.4%
Net Margin
ADTN
ADTN
OUT
OUT
Q4 25
-1.2%
18.9%
Q3 25
-3.7%
11.0%
Q2 25
-7.7%
4.2%
Q1 25
-4.5%
-5.3%
Q4 24
-19.0%
15.0%
Q3 24
-14.6%
7.7%
Q2 24
-22.0%
37.0%
Q1 24
-146.2%
-6.7%
EPS (diluted)
ADTN
ADTN
OUT
OUT
Q4 25
$-0.02
$0.57
Q3 25
$-0.12
$0.29
Q2 25
$-0.24
$0.10
Q1 25
$-0.14
$-0.14
Q4 24
$-0.58
$0.49
Q3 24
$-0.38
$0.19
Q2 24
$-0.63
$1.01
Q1 24
$-4.20
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADTN
ADTN
OUT
OUT
Cash + ST InvestmentsLiquidity on hand
$95.7M
$99.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$145.8M
$710.4M
Total Assets
$1.2B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADTN
ADTN
OUT
OUT
Q4 25
$95.7M
$99.9M
Q3 25
$93.7M
$63.0M
Q2 25
$106.3M
$28.5M
Q1 25
$101.3M
$30.5M
Q4 24
$76.0M
$46.9M
Q3 24
$88.5M
$28.0M
Q2 24
$111.2M
$49.6M
Q1 24
$106.8M
$42.4M
Stockholders' Equity
ADTN
ADTN
OUT
OUT
Q4 25
$145.8M
$710.4M
Q3 25
$141.6M
$542.6M
Q2 25
$169.6M
$539.1M
Q1 25
$138.9M
$566.9M
Q4 24
$127.0M
$649.0M
Q3 24
$205.6M
$618.2M
Q2 24
$213.6M
$664.9M
Q1 24
$260.8M
$524.2M
Total Assets
ADTN
ADTN
OUT
OUT
Q4 25
$1.2B
$5.3B
Q3 25
$1.2B
$5.2B
Q2 25
$1.2B
$5.1B
Q1 25
$1.2B
$5.1B
Q4 24
$1.2B
$5.2B
Q3 24
$1.3B
$5.2B
Q2 24
$1.3B
$5.3B
Q1 24
$1.3B
$5.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADTN
ADTN
OUT
OUT
Operating Cash FlowLast quarter
$42.2M
$118.1M
Free Cash FlowOCF − Capex
$30.6M
$93.3M
FCF MarginFCF / Revenue
10.5%
18.2%
Capex IntensityCapex / Revenue
4.0%
4.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$98.0M
$218.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADTN
ADTN
OUT
OUT
Q4 25
$42.2M
$118.1M
Q3 25
$12.2M
$88.8M
Q2 25
$32.2M
$67.1M
Q1 25
$43.2M
$33.6M
Q4 24
$2.4M
$124.5M
Q3 24
$43.3M
$73.1M
Q2 24
$19.9M
$71.0M
Q1 24
$37.9M
$30.6M
Free Cash Flow
ADTN
ADTN
OUT
OUT
Q4 25
$30.6M
$93.3M
Q3 25
$4.2M
$67.7M
Q2 25
$27.5M
$41.4M
Q1 25
$35.8M
$16.4M
Q4 24
$-895.0K
$106.3M
Q3 24
$37.1M
$55.5M
Q2 24
$8.4M
$47.1M
Q1 24
$24.4M
$12.2M
FCF Margin
ADTN
ADTN
OUT
OUT
Q4 25
10.5%
18.2%
Q3 25
1.5%
14.5%
Q2 25
10.4%
9.0%
Q1 25
14.4%
4.2%
Q4 24
-0.4%
21.6%
Q3 24
16.3%
12.3%
Q2 24
3.7%
9.9%
Q1 24
10.8%
3.0%
Capex Intensity
ADTN
ADTN
OUT
OUT
Q4 25
4.0%
4.8%
Q3 25
2.9%
4.5%
Q2 25
1.8%
5.6%
Q1 25
3.0%
4.4%
Q4 24
1.4%
3.7%
Q3 24
2.7%
3.9%
Q2 24
5.1%
5.0%
Q1 24
6.0%
4.5%
Cash Conversion
ADTN
ADTN
OUT
OUT
Q4 25
1.22×
Q3 25
1.73×
Q2 25
3.44×
Q1 25
Q4 24
1.68×
Q3 24
2.11×
Q2 24
0.40×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADTN
ADTN

Subscriber Solutions$96.2M33%
Optical Networking Solutions$81.8M28%
Access Aggregation Solutions$64.6M22%
Services And Support$48.9M17%

OUT
OUT

Static Displays$236.3M46%
Other$134.8M26%
Digital Displays$125.3M24%
Other Revenues$1.9M0%

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