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

Freedom Holding Corp. is the larger business by last-quarter revenue ($628.6M vs $461.5M, roughly 1.4× Clear Channel Outdoor Holdings, Inc.). Freedom Holding Corp. runs the higher net margin — 12.1% vs 1.7%, a 10.4% gap on every dollar of revenue. On growth, Clear Channel Outdoor Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $30.3M). Over the past eight quarters, Clear Channel Outdoor Holdings, Inc.'s revenue compounded faster (18.8% CAGR vs 16.3%).

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

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, banking and other consumer services. Its main area of focus is in the American stock market, as well as the markets of Europe and Central Asia, mainly Kazakhstan.

CCO vs FRHC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.4× larger
FRHC
$628.6M
$461.5M
CCO
Growing faster (revenue YoY)
CCO
CCO
+12.2% gap
CCO
8.2%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
10.4% more per $
FRHC
12.1%
1.7%
CCO
More free cash flow
FRHC
FRHC
$621.4M more FCF
FRHC
$651.7M
$30.3M
CCO
Faster 2-yr revenue CAGR
CCO
CCO
Annualised
CCO
18.8%
16.3%
FRHC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CCO
CCO
FRHC
FRHC
Revenue
$461.5M
$628.6M
Net Profit
$8.0M
$76.2M
Gross Margin
96.0%
Operating Margin
23.3%
14.9%
Net Margin
1.7%
12.1%
Revenue YoY
8.2%
-4.1%
Net Profit YoY
144.8%
-2.6%
EPS (diluted)
$0.01
$1.25

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
FRHC
FRHC
Q4 25
$461.5M
$628.6M
Q3 25
$405.6M
$526.1M
Q2 25
$402.8M
$533.4M
Q1 25
$334.2M
$363.7M
Q4 24
$426.7M
$655.2M
Q3 24
$375.2M
$580.9M
Q2 24
$376.5M
$450.7M
Q1 24
$326.8M
$464.7M
Net Profit
CCO
CCO
FRHC
FRHC
Q4 25
$8.0M
$76.2M
Q3 25
$-60.1M
$38.7M
Q2 25
$9.5M
$30.4M
Q1 25
$62.5M
$-142.7M
Q4 24
$-17.9M
$78.3M
Q3 24
$-32.5M
$114.7M
Q2 24
$-39.2M
$34.4M
Q1 24
$-89.7M
$95.2M
Gross Margin
CCO
CCO
FRHC
FRHC
Q4 25
96.0%
Q3 25
97.1%
Q2 25
97.4%
Q1 25
96.6%
Q4 24
98.6%
Q3 24
99.1%
Q2 24
99.0%
Q1 24
Operating Margin
CCO
CCO
FRHC
FRHC
Q4 25
23.3%
14.9%
Q3 25
19.9%
11.5%
Q2 25
19.2%
7.6%
Q1 25
13.5%
-42.7%
Q4 24
23.5%
15.0%
Q3 24
17.8%
22.1%
Q2 24
18.2%
9.2%
Q1 24
13.4%
22.5%
Net Margin
CCO
CCO
FRHC
FRHC
Q4 25
1.7%
12.1%
Q3 25
-14.8%
7.4%
Q2 25
2.4%
5.7%
Q1 25
18.7%
-39.2%
Q4 24
-4.2%
11.9%
Q3 24
-8.7%
19.7%
Q2 24
-10.4%
7.6%
Q1 24
-27.4%
20.5%
EPS (diluted)
CCO
CCO
FRHC
FRHC
Q4 25
$0.01
$1.25
Q3 25
$-0.12
$0.63
Q2 25
$0.02
$0.50
Q1 25
$0.13
$-2.35
Q4 24
$-0.03
$1.29
Q3 24
$-0.07
$1.89
Q2 24
$-0.08
$0.57
Q1 24
$-0.19
$1.60

Balance Sheet & Financial Strength

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

Metric
CCO
CCO
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$190.0M
$869.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-3.4B
$1.4B
Total Assets
$3.8B
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCO
CCO
FRHC
FRHC
Q4 25
$190.0M
$869.2M
Q3 25
$155.0M
$636.0M
Q2 25
$138.6M
$567.9M
Q1 25
$395.8M
$837.3M
Q4 24
$109.7M
$577.9M
Q3 24
$201.1M
$569.2M
Q2 24
$189.3M
$718.7M
Q1 24
$193.2M
$545.1M
Total Debt
CCO
CCO
FRHC
FRHC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.1B
Q1 25
$5.3B
Q4 24
$5.7B
Q3 24
$5.7B
Q2 24
$5.7B
Q1 24
$5.7B
Stockholders' Equity
CCO
CCO
FRHC
FRHC
Q4 25
$-3.4B
$1.4B
Q3 25
$-3.5B
$1.2B
Q2 25
$-3.4B
$1.2B
Q1 25
$-3.4B
$1.2B
Q4 24
$-3.6B
$1.3B
Q3 24
$-3.6B
$1.3B
Q2 24
$-3.6B
$1.1B
Q1 24
$-3.5B
$1.2B
Total Assets
CCO
CCO
FRHC
FRHC
Q4 25
$3.8B
$12.4B
Q3 25
$3.8B
$10.3B
Q2 25
$3.8B
$9.7B
Q1 25
$4.0B
$9.9B
Q4 24
$4.8B
$9.1B
Q3 24
$4.6B
$8.8B
Q2 24
$4.5B
$8.5B
Q1 24
$4.6B
$8.3B

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
FRHC
FRHC
Operating Cash FlowLast quarter
$56.3M
$717.8M
Free Cash FlowOCF − Capex
$30.3M
$651.7M
FCF MarginFCF / Revenue
6.6%
103.7%
Capex IntensityCapex / Revenue
5.6%
10.5%
Cash ConversionOCF / Net Profit
7.04×
9.42×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCO
CCO
FRHC
FRHC
Q4 25
$56.3M
$717.8M
Q3 25
$56.2M
$535.3M
Q2 25
$-12.6M
$480.8M
Q1 25
$14.9M
$1.3B
Q4 24
$29.3M
$-72.8M
Q3 24
$54.5M
$-438.0M
Q2 24
$30.8M
$854.1M
Q1 24
$-34.8M
$309.0M
Free Cash Flow
CCO
CCO
FRHC
FRHC
Q4 25
$30.3M
$651.7M
Q3 25
$41.4M
$456.4M
Q2 25
$-29.2M
$450.0M
Q1 25
$-10.6M
Q4 24
$-27.8M
$-92.7M
Q3 24
$21.0M
$-447.5M
Q2 24
$5.2M
$829.9M
Q1 24
$-61.0M
FCF Margin
CCO
CCO
FRHC
FRHC
Q4 25
6.6%
103.7%
Q3 25
10.2%
86.7%
Q2 25
-7.2%
84.4%
Q1 25
-3.2%
Q4 24
-6.5%
-14.1%
Q3 24
5.6%
-77.0%
Q2 24
1.4%
184.1%
Q1 24
-18.7%
Capex Intensity
CCO
CCO
FRHC
FRHC
Q4 25
5.6%
10.5%
Q3 25
3.7%
15.0%
Q2 25
4.1%
5.8%
Q1 25
7.6%
Q4 24
13.4%
3.0%
Q3 24
8.9%
1.6%
Q2 24
6.8%
5.4%
Q1 24
8.0%
Cash Conversion
CCO
CCO
FRHC
FRHC
Q4 25
7.04×
9.42×
Q3 25
13.82×
Q2 25
-1.32×
15.82×
Q1 25
0.24×
Q4 24
-0.93×
Q3 24
-3.82×
Q2 24
24.83×
Q1 24
3.24×

Financial Flow Comparison

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

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