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Side-by-side financial comparison of Clear Channel Outdoor Holdings, Inc. (CCO) and MACERICH CO (MAC). 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 $261.7M, roughly 1.8× MACERICH CO). Clear Channel Outdoor Holdings, Inc. runs the higher net margin — 1.7% vs -7.2%, a 8.9% gap on every dollar of revenue. On growth, Clear Channel Outdoor Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -4.4%). Over the past eight quarters, Clear Channel Outdoor Holdings, Inc.'s revenue compounded faster (18.8% CAGR vs 12.0%).

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

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

CCO vs MAC — Head-to-Head

Bigger by revenue
CCO
CCO
1.8× larger
CCO
$461.5M
$261.7M
MAC
Growing faster (revenue YoY)
CCO
CCO
+12.5% gap
CCO
8.2%
-4.4%
MAC
Higher net margin
CCO
CCO
8.9% more per $
CCO
1.7%
-7.2%
MAC
Faster 2-yr revenue CAGR
CCO
CCO
Annualised
CCO
18.8%
12.0%
MAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCO
CCO
MAC
MAC
Revenue
$461.5M
$261.7M
Net Profit
$8.0M
$-18.8M
Gross Margin
Operating Margin
23.3%
Net Margin
1.7%
-7.2%
Revenue YoY
8.2%
-4.4%
Net Profit YoY
144.8%
91.1%
EPS (diluted)
$0.01
$-0.08

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
MAC
MAC
Q4 25
$461.5M
$261.7M
Q3 25
$405.6M
$253.3M
Q2 25
$402.8M
$249.8M
Q1 25
$334.2M
$249.2M
Q4 24
$426.7M
$273.7M
Q3 24
$375.2M
$220.2M
Q2 24
$376.5M
$215.5M
Q1 24
$326.8M
$208.8M
Net Profit
CCO
CCO
MAC
MAC
Q4 25
$8.0M
$-18.8M
Q3 25
$-60.1M
$-87.4M
Q2 25
$9.5M
$-40.9M
Q1 25
$62.5M
$-50.1M
Q4 24
$-17.9M
$-211.2M
Q3 24
$-32.5M
$-108.2M
Q2 24
$-39.2M
$252.0M
Q1 24
$-89.7M
$-126.7M
Operating Margin
CCO
CCO
MAC
MAC
Q4 25
23.3%
Q3 25
19.9%
Q2 25
19.2%
Q1 25
13.5%
Q4 24
23.5%
Q3 24
17.8%
Q2 24
18.2%
Q1 24
13.4%
Net Margin
CCO
CCO
MAC
MAC
Q4 25
1.7%
-7.2%
Q3 25
-14.8%
-34.5%
Q2 25
2.4%
-16.4%
Q1 25
18.7%
-20.1%
Q4 24
-4.2%
-77.2%
Q3 24
-8.7%
-49.1%
Q2 24
-10.4%
116.9%
Q1 24
-27.4%
-60.7%
EPS (diluted)
CCO
CCO
MAC
MAC
Q4 25
$0.01
$-0.08
Q3 25
$-0.12
$-0.34
Q2 25
$0.02
$-0.16
Q1 25
$0.13
$-0.20
Q4 24
$-0.03
$-0.95
Q3 24
$-0.07
$-0.50
Q2 24
$-0.08
$1.16
Q1 24
$-0.19
$-0.59

Balance Sheet & Financial Strength

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

Metric
CCO
CCO
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$190.0M
$280.2M
Total DebtLower is stronger
$5.1B
$5.1B
Stockholders' EquityBook value
$-3.4B
$2.4B
Total Assets
$3.8B
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCO
CCO
MAC
MAC
Q4 25
$190.0M
$280.2M
Q3 25
$155.0M
$290.2M
Q2 25
$138.6M
$131.1M
Q1 25
$395.8M
$253.2M
Q4 24
$109.7M
$89.9M
Q3 24
$201.1M
$116.5M
Q2 24
$189.3M
$70.7M
Q1 24
$193.2M
$120.1M
Total Debt
CCO
CCO
MAC
MAC
Q4 25
$5.1B
$5.1B
Q3 25
$5.1B
$5.1B
Q2 25
$5.1B
$5.2B
Q1 25
$5.3B
$5.2B
Q4 24
$5.7B
$4.9B
Q3 24
$5.7B
$4.3B
Q2 24
$5.7B
$4.4B
Q1 24
$5.7B
$4.1B
Stockholders' Equity
CCO
CCO
MAC
MAC
Q4 25
$-3.4B
$2.4B
Q3 25
$-3.5B
$2.5B
Q2 25
$-3.4B
$2.6B
Q1 25
$-3.4B
$2.7B
Q4 24
$-3.6B
$2.8B
Q3 24
$-3.6B
$2.5B
Q2 24
$-3.6B
$2.5B
Q1 24
$-3.5B
$2.3B
Total Assets
CCO
CCO
MAC
MAC
Q4 25
$3.8B
$8.4B
Q3 25
$3.8B
$8.4B
Q2 25
$3.8B
$8.7B
Q1 25
$4.0B
$8.7B
Q4 24
$4.8B
$8.6B
Q3 24
$4.6B
$7.6B
Q2 24
$4.5B
$7.8B
Q1 24
$4.6B
$7.4B
Debt / Equity
CCO
CCO
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

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
MAC
MAC
Operating Cash FlowLast quarter
$56.3M
$50.2M
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
MAC
MAC
Q4 25
$56.3M
$50.2M
Q3 25
$56.2M
$112.4M
Q2 25
$-12.6M
$70.5M
Q1 25
$14.9M
$88.5M
Q4 24
$29.3M
$54.9M
Q3 24
$54.5M
$100.0M
Q2 24
$30.8M
$67.4M
Q1 24
$-34.8M
$61.1M
Free Cash Flow
CCO
CCO
MAC
MAC
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
MAC
MAC
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
MAC
MAC
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
MAC
MAC
Q4 25
7.04×
Q3 25
Q2 25
-1.32×
Q1 25
0.24×
Q4 24
Q3 24
Q2 24
0.27×
Q1 24

Financial Flow Comparison

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

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