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Side-by-side financial comparison of Clear Channel Outdoor Holdings, Inc. (CCO) and Direct Digital Holdings, Inc. (DRCT). Click either name above to swap in a different company.

Clear Channel Outdoor Holdings, Inc. is the larger business by last-quarter revenue ($461.5M vs $8.4M, roughly 54.9× Direct Digital Holdings, Inc.). Clear Channel Outdoor Holdings, Inc. runs the higher net margin — 1.7% vs -138.7%, a 140.4% gap on every dollar of revenue. On growth, Clear Channel Outdoor Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -7.4%). Over the past eight quarters, Clear Channel Outdoor Holdings, Inc.'s revenue compounded faster (18.8% CAGR vs -38.6%).

Clear Channel Outdoor Holdings, Inc. is a multinational corporation focused on outdoor advertising. The company is based in San Antonio, Texas.

Devolver Digital, Inc. is an American video game publisher based in Austin, Texas, specializing in the publishing of indie games. The company was founded in June 2009 by Nigel Lowrie, Harry Miller, Graeme Struthers, Rick Stults, and Mike Wilson, five executives who had been involved with Gathering of Developers and Gamecock Media Group, which published games on developer-friendly terms, but due to the high cost associated with releasing retail games saw themselves acquired and dissolved by la...

CCO vs DRCT — Head-to-Head

Bigger by revenue
CCO
CCO
54.9× larger
CCO
$461.5M
$8.4M
DRCT
Growing faster (revenue YoY)
CCO
CCO
+15.6% gap
CCO
8.2%
-7.4%
DRCT
Higher net margin
CCO
CCO
140.4% more per $
CCO
1.7%
-138.7%
DRCT
Faster 2-yr revenue CAGR
CCO
CCO
Annualised
CCO
18.8%
-38.6%
DRCT

Income Statement — Q4 2025 vs Q4 2025

Metric
CCO
CCO
DRCT
DRCT
Revenue
$461.5M
$8.4M
Net Profit
$8.0M
$-11.7M
Gross Margin
26.8%
Operating Margin
23.3%
-53.4%
Net Margin
1.7%
-138.7%
Revenue YoY
8.2%
-7.4%
Net Profit YoY
144.8%
-434.7%
EPS (diluted)
$0.01
$-74.97

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
CCO
CCO
DRCT
DRCT
Q4 25
$461.5M
$8.4M
Q3 25
$405.6M
$8.0M
Q2 25
$402.8M
$10.1M
Q1 25
$334.2M
$8.2M
Q4 24
$426.7M
$9.1M
Q3 24
$375.2M
$9.1M
Q2 24
$376.5M
$21.9M
Q1 24
$326.8M
$22.3M
Net Profit
CCO
CCO
DRCT
DRCT
Q4 25
$8.0M
$-11.7M
Q3 25
$-60.1M
$-2.7M
Q2 25
$9.5M
$-2.2M
Q1 25
$62.5M
$-2.4M
Q4 24
$-17.9M
$-2.2M
Q3 24
$-32.5M
$-2.7M
Q2 24
$-39.2M
$-590.0K
Q1 24
$-89.7M
$-775.0K
Gross Margin
CCO
CCO
DRCT
DRCT
Q4 25
26.8%
Q3 25
27.7%
Q2 25
35.1%
Q1 25
29.3%
Q4 24
32.5%
Q3 24
38.7%
Q2 24
27.1%
Q1 24
22.4%
Operating Margin
CCO
CCO
DRCT
DRCT
Q4 25
23.3%
-53.4%
Q3 25
19.9%
-49.0%
Q2 25
19.2%
-23.9%
Q1 25
13.5%
-48.1%
Q4 24
23.5%
-51.8%
Q3 24
17.8%
-40.3%
Q2 24
18.2%
-9.4%
Q1 24
13.4%
-12.6%
Net Margin
CCO
CCO
DRCT
DRCT
Q4 25
1.7%
-138.7%
Q3 25
-14.8%
-33.6%
Q2 25
2.4%
-22.2%
Q1 25
18.7%
-28.9%
Q4 24
-4.2%
-24.0%
Q3 24
-8.7%
-29.6%
Q2 24
-10.4%
-2.7%
Q1 24
-27.4%
-3.5%
EPS (diluted)
CCO
CCO
DRCT
DRCT
Q4 25
$0.01
$-74.97
Q3 25
$-0.12
$-0.24
Q2 25
$0.02
$-0.23
Q1 25
$0.13
$-0.35
Q4 24
$-0.03
$-90.17
Q3 24
$-0.07
$-0.71
Q2 24
$-0.08
$-0.16
Q1 24
$-0.19
$-0.22

Balance Sheet & Financial Strength

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

Metric
CCO
CCO
DRCT
DRCT
Cash + ST InvestmentsLiquidity on hand
$190.0M
$728.0K
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-3.4B
$-7.0M
Total Assets
$3.8B
$20.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCO
CCO
DRCT
DRCT
Q4 25
$190.0M
$728.0K
Q3 25
$155.0M
$871.0K
Q2 25
$138.6M
$1.6M
Q1 25
$395.8M
$1.8M
Q4 24
$109.7M
$1.4M
Q3 24
$201.1M
$4.1M
Q2 24
$189.3M
$1.1M
Q1 24
$193.2M
$3.3M
Total Debt
CCO
CCO
DRCT
DRCT
Q4 25
$5.1B
Q3 25
$5.1B
$10.8M
Q2 25
$5.1B
$33.5M
Q1 25
$5.3B
$32.9M
Q4 24
$5.7B
Q3 24
$5.7B
$150.0K
Q2 24
$5.7B
$34.8M
Q1 24
$5.7B
$32.4M
Stockholders' Equity
CCO
CCO
DRCT
DRCT
Q4 25
$-3.4B
$-7.0M
Q3 25
$-3.5B
$-6.7M
Q2 25
$-3.4B
$-24.6M
Q1 25
$-3.4B
$-23.3M
Q4 24
$-3.6B
$-19.7M
Q3 24
$-3.6B
$-16.7M
Q2 24
$-3.6B
$-10.5M
Q1 24
$-3.5B
$-7.5M
Total Assets
CCO
CCO
DRCT
DRCT
Q4 25
$3.8B
$20.2M
Q3 25
$3.8B
$22.5M
Q2 25
$3.8B
$23.3M
Q1 25
$4.0B
$23.8M
Q4 24
$4.8B
$26.0M
Q3 24
$4.6B
$31.3M
Q2 24
$4.5B
$48.5M
Q1 24
$4.6B
$52.8M

Cash Flow & Capital Efficiency

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

Metric
CCO
CCO
DRCT
DRCT
Operating Cash FlowLast quarter
$56.3M
$-1.9M
Free Cash FlowOCF − Capex
$30.3M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
7.04×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCO
CCO
DRCT
DRCT
Q4 25
$56.3M
$-1.9M
Q3 25
$56.2M
$-1.6M
Q2 25
$-12.6M
$-2.7M
Q1 25
$14.9M
$-2.7M
Q4 24
$29.3M
$-1.6M
Q3 24
$54.5M
$3.0M
Q2 24
$30.8M
$-4.4M
Q1 24
$-34.8M
$-5.7M
Free Cash Flow
CCO
CCO
DRCT
DRCT
Q4 25
$30.3M
Q3 25
$41.4M
Q2 25
$-29.2M
Q1 25
$-10.6M
Q4 24
$-27.8M
Q3 24
$21.0M
Q2 24
$5.2M
Q1 24
$-61.0M
FCF Margin
CCO
CCO
DRCT
DRCT
Q4 25
6.6%
Q3 25
10.2%
Q2 25
-7.2%
Q1 25
-3.2%
Q4 24
-6.5%
Q3 24
5.6%
Q2 24
1.4%
Q1 24
-18.7%
Capex Intensity
CCO
CCO
DRCT
DRCT
Q4 25
5.6%
Q3 25
3.7%
Q2 25
4.1%
Q1 25
7.6%
Q4 24
13.4%
Q3 24
8.9%
Q2 24
6.8%
Q1 24
8.0%
Cash Conversion
CCO
CCO
DRCT
DRCT
Q4 25
7.04×
Q3 25
Q2 25
-1.32×
Q1 25
0.24×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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