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Side-by-side financial comparison of Clear Channel Outdoor Holdings, Inc. (CCO) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $461.5M, roughly 1.3× Clear Channel Outdoor Holdings, Inc.). Clear Channel Outdoor Holdings, Inc. runs the higher net margin — 1.7% vs -2.0%, a 3.7% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 8.2%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $30.3M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 18.8%).
Clear Channel Outdoor Holdings, Inc. is a multinational corporation focused on outdoor advertising. The company is based in San Antonio, Texas.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
CCO vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $461.5M | $614.5M |
| Net Profit | $8.0M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 23.3% | -8.0% |
| Net Margin | 1.7% | -2.0% |
| Revenue YoY | 8.2% | 33.6% |
| Net Profit YoY | 144.8% | 6.0% |
| EPS (diluted) | $0.01 | $-0.03 |
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.
| Q4 25 | $461.5M | $614.5M | ||
| Q3 25 | $405.6M | $562.0M | ||
| Q2 25 | $402.8M | $512.3M | ||
| Q1 25 | $334.2M | $479.1M | ||
| Q4 24 | $426.7M | $459.9M | ||
| Q3 24 | $375.2M | $430.1M | ||
| Q2 24 | $376.5M | $401.0M | ||
| Q1 24 | $326.8M | $378.6M |
| Q4 25 | $8.0M | $-12.1M | ||
| Q3 25 | $-60.1M | $-1.3M | ||
| Q2 25 | $9.5M | $-50.4M | ||
| Q1 25 | $62.5M | $-38.5M | ||
| Q4 24 | $-17.9M | $-12.8M | ||
| Q3 24 | $-32.5M | $-15.3M | ||
| Q2 24 | $-39.2M | $-15.1M | ||
| Q1 24 | $-89.7M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 23.3% | -8.0% | ||
| Q3 25 | 19.9% | -6.7% | ||
| Q2 25 | 19.2% | -13.1% | ||
| Q1 25 | 13.5% | -11.1% | ||
| Q4 24 | 23.5% | -7.5% | ||
| Q3 24 | 17.8% | -7.2% | ||
| Q2 24 | 18.2% | -8.7% | ||
| Q1 24 | 13.4% | -14.4% |
| Q4 25 | 1.7% | -2.0% | ||
| Q3 25 | -14.8% | -0.2% | ||
| Q2 25 | 2.4% | -9.8% | ||
| Q1 25 | 18.7% | -8.0% | ||
| Q4 24 | -4.2% | -2.8% | ||
| Q3 24 | -8.7% | -3.6% | ||
| Q2 24 | -10.4% | -3.8% | ||
| Q1 24 | -27.4% | -9.4% |
| Q4 25 | $0.01 | $-0.03 | ||
| Q3 25 | $-0.12 | $0.00 | ||
| Q2 25 | $0.02 | $-0.15 | ||
| Q1 25 | $0.13 | $-0.11 | ||
| Q4 24 | $-0.03 | $-0.05 | ||
| Q3 24 | $-0.07 | $-0.04 | ||
| Q2 24 | $-0.08 | $-0.04 | ||
| Q1 24 | $-0.19 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $190.0M | $943.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $-3.4B | $1.5B |
| Total Assets | $3.8B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.0M | $943.5M | ||
| Q3 25 | $155.0M | $1.1B | ||
| Q2 25 | $138.6M | $1.5B | ||
| Q1 25 | $395.8M | $204.5M | ||
| Q4 24 | $109.7M | $147.7M | ||
| Q3 24 | $201.1M | $182.9M | ||
| Q2 24 | $189.3M | $157.0M | ||
| Q1 24 | $193.2M | $254.4M |
| 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 | — |
| Q4 25 | $-3.4B | $1.5B | ||
| Q3 25 | $-3.5B | $1.3B | ||
| Q2 25 | $-3.4B | $1.2B | ||
| Q1 25 | $-3.4B | $1.4B | ||
| Q4 24 | $-3.6B | $1.0B | ||
| Q3 24 | $-3.6B | $973.1M | ||
| Q2 24 | $-3.6B | $881.5M | ||
| Q1 24 | $-3.5B | $797.2M |
| Q4 25 | $3.8B | $6.0B | ||
| Q3 25 | $3.8B | $5.8B | ||
| Q2 25 | $3.8B | $5.6B | ||
| Q1 25 | $4.0B | $3.7B | ||
| Q4 24 | $4.8B | $3.3B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.5B | $2.9B | ||
| Q1 24 | $4.6B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $56.3M | $190.4M |
| Free Cash FlowOCF − Capex | $30.3M | $105.2M |
| FCF MarginFCF / Revenue | 6.6% | 17.1% |
| Capex IntensityCapex / Revenue | 5.6% | 13.9% |
| Cash ConversionOCF / Net Profit | 7.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $32.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.3M | $190.4M | ||
| Q3 25 | $56.2M | $167.1M | ||
| Q2 25 | $-12.6M | $99.8M | ||
| Q1 25 | $14.9M | $145.8M | ||
| Q4 24 | $29.3M | $127.3M | ||
| Q3 24 | $54.5M | $104.7M | ||
| Q2 24 | $30.8M | $74.8M | ||
| Q1 24 | $-34.8M | $73.6M |
| Q4 25 | $30.3M | $105.2M | ||
| Q3 25 | $41.4M | $82.5M | ||
| Q2 25 | $-29.2M | $39.9M | ||
| Q1 25 | $-10.6M | $59.9M | ||
| Q4 24 | $-27.8M | $54.2M | ||
| Q3 24 | $21.0M | $54.5M | ||
| Q2 24 | $5.2M | $45.2M | ||
| Q1 24 | $-61.0M | $41.5M |
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 10.2% | 14.7% | ||
| Q2 25 | -7.2% | 7.8% | ||
| Q1 25 | -3.2% | 12.5% | ||
| Q4 24 | -6.5% | 11.8% | ||
| Q3 24 | 5.6% | 12.7% | ||
| Q2 24 | 1.4% | 11.3% | ||
| Q1 24 | -18.7% | 11.0% |
| Q4 25 | 5.6% | 13.9% | ||
| Q3 25 | 3.7% | 15.1% | ||
| Q2 25 | 4.1% | 11.7% | ||
| Q1 25 | 7.6% | 17.9% | ||
| Q4 24 | 13.4% | 15.9% | ||
| Q3 24 | 8.9% | 11.7% | ||
| Q2 24 | 6.8% | 7.4% | ||
| Q1 24 | 8.0% | 8.5% |
| 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.
Revenue Breakdown by Segment
CCO
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
