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Side-by-side financial comparison of Clear Channel Outdoor Holdings, Inc. (CCO) and NATIONAL FUEL GAS CO (NFG). 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 $425.9M, roughly 1.1× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 1.7%, a 34.0% gap on every dollar of revenue. On growth, Clear Channel Outdoor Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs 1.7%). Over the past eight quarters, Clear Channel Outdoor Holdings, Inc.'s revenue compounded faster (18.8% CAGR vs 12.1%).

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

National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.

CCO vs NFG — Head-to-Head

Bigger by revenue
CCO
CCO
1.1× larger
CCO
$461.5M
$425.9M
NFG
Growing faster (revenue YoY)
CCO
CCO
+6.4% gap
CCO
8.2%
1.7%
NFG
Higher net margin
NFG
NFG
34.0% more per $
NFG
35.7%
1.7%
CCO
Faster 2-yr revenue CAGR
CCO
CCO
Annualised
CCO
18.8%
12.1%
NFG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CCO
CCO
NFG
NFG
Revenue
$461.5M
$425.9M
Net Profit
$8.0M
$152.0M
Gross Margin
Operating Margin
23.3%
81.5%
Net Margin
1.7%
35.7%
Revenue YoY
8.2%
1.7%
Net Profit YoY
144.8%
EPS (diluted)
$0.01
$1.59

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
NFG
NFG
Q1 26
$425.9M
Q4 25
$461.5M
$637.9M
Q3 25
$405.6M
$443.1M
Q2 25
$402.8M
$527.4M
Q1 25
$334.2M
$734.8M
Q4 24
$426.7M
$513.8M
Q3 24
$375.2M
$310.0M
Q2 24
$376.5M
$338.6M
Net Profit
CCO
CCO
NFG
NFG
Q1 26
$152.0M
Q4 25
$8.0M
$181.6M
Q3 25
$-60.1M
$107.3M
Q2 25
$9.5M
$149.8M
Q1 25
$62.5M
$216.4M
Q4 24
$-17.9M
$45.0M
Q3 24
$-32.5M
$-167.6M
Q2 24
$-39.2M
$-54.2M
Gross Margin
CCO
CCO
NFG
NFG
Q1 26
Q4 25
86.6%
Q3 25
Q2 25
94.7%
Q1 25
81.6%
Q4 24
87.3%
Q3 24
Q2 24
98.5%
Operating Margin
CCO
CCO
NFG
NFG
Q1 26
81.5%
Q4 25
23.3%
43.3%
Q3 25
19.9%
40.6%
Q2 25
19.2%
43.7%
Q1 25
13.5%
43.2%
Q4 24
23.5%
16.8%
Q3 24
17.8%
-63.4%
Q2 24
18.2%
-15.2%
Net Margin
CCO
CCO
NFG
NFG
Q1 26
35.7%
Q4 25
1.7%
28.5%
Q3 25
-14.8%
24.2%
Q2 25
2.4%
28.4%
Q1 25
18.7%
29.4%
Q4 24
-4.2%
8.8%
Q3 24
-8.7%
-54.1%
Q2 24
-10.4%
-16.0%
EPS (diluted)
CCO
CCO
NFG
NFG
Q1 26
$1.59
Q4 25
$0.01
$1.98
Q3 25
$-0.12
$1.18
Q2 25
$0.02
$1.64
Q1 25
$0.13
$2.37
Q4 24
$-0.03
$0.49
Q3 24
$-0.07
$-1.81
Q2 24
$-0.08
$-0.59

Balance Sheet & Financial Strength

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

Metric
CCO
CCO
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$190.0M
Total DebtLower is stronger
$5.1B
$300.0M
Stockholders' EquityBook value
$-3.4B
Total Assets
$3.8B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCO
CCO
NFG
NFG
Q1 26
Q4 25
$190.0M
$271.4M
Q3 25
$155.0M
$43.2M
Q2 25
$138.6M
$39.3M
Q1 25
$395.8M
$40.0M
Q4 24
$109.7M
$48.7M
Q3 24
$201.1M
$38.2M
Q2 24
$189.3M
$81.4M
Total Debt
CCO
CCO
NFG
NFG
Q1 26
$300.0M
Q4 25
$5.1B
$2.7B
Q3 25
$5.1B
$2.7B
Q2 25
$5.1B
$2.7B
Q1 25
$5.3B
$2.7B
Q4 24
$5.7B
$2.7B
Q3 24
$5.7B
$2.7B
Q2 24
$5.7B
$2.7B
Stockholders' Equity
CCO
CCO
NFG
NFG
Q1 26
Q4 25
$-3.4B
$3.6B
Q3 25
$-3.5B
$3.1B
Q2 25
$-3.4B
$3.0B
Q1 25
$-3.4B
$2.8B
Q4 24
$-3.6B
$-76.2M
Q3 24
$-3.6B
$-15.5M
Q2 24
$-3.6B
$5.0M
Total Assets
CCO
CCO
NFG
NFG
Q1 26
$9.1B
Q4 25
$3.8B
$9.2B
Q3 25
$3.8B
$8.7B
Q2 25
$3.8B
$8.4B
Q1 25
$4.0B
$8.5B
Q4 24
$4.8B
$8.3B
Q3 24
$4.6B
$8.3B
Q2 24
$4.5B
$8.5B
Debt / Equity
CCO
CCO
NFG
NFG
Q1 26
Q4 25
0.75×
Q3 25
0.87×
Q2 25
0.90×
Q1 25
0.99×
Q4 24
Q3 24
Q2 24
532.10×

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
NFG
NFG
Operating Cash FlowLast quarter
$56.3M
$657.3M
Free Cash FlowOCF − Capex
$30.3M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
5.6%
117.0%
Cash ConversionOCF / Net Profit
7.04×
4.32×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCO
CCO
NFG
NFG
Q1 26
$657.3M
Q4 25
$56.3M
$274.9M
Q3 25
$56.2M
$237.8M
Q2 25
$-12.6M
$388.4M
Q1 25
$14.9M
$253.8M
Q4 24
$29.3M
$220.1M
Q3 24
$54.5M
$197.9M
Q2 24
$30.8M
$281.8M
Free Cash Flow
CCO
CCO
NFG
NFG
Q1 26
Q4 25
$30.3M
$-2.7M
Q3 25
$41.4M
$-47.8M
Q2 25
$-29.2M
$195.3M
Q1 25
$-10.6M
$59.9M
Q4 24
$-27.8M
$-20.3M
Q3 24
$21.0M
$-49.1M
Q2 24
$5.2M
$79.5M
FCF Margin
CCO
CCO
NFG
NFG
Q1 26
Q4 25
6.6%
-0.4%
Q3 25
10.2%
-10.8%
Q2 25
-7.2%
37.0%
Q1 25
-3.2%
8.2%
Q4 24
-6.5%
-4.0%
Q3 24
5.6%
-15.8%
Q2 24
1.4%
23.5%
Capex Intensity
CCO
CCO
NFG
NFG
Q1 26
117.0%
Q4 25
5.6%
43.5%
Q3 25
3.7%
64.4%
Q2 25
4.1%
36.6%
Q1 25
7.6%
26.4%
Q4 24
13.4%
46.8%
Q3 24
8.9%
79.7%
Q2 24
6.8%
59.7%
Cash Conversion
CCO
CCO
NFG
NFG
Q1 26
4.32×
Q4 25
7.04×
1.51×
Q3 25
2.21×
Q2 25
-1.32×
2.59×
Q1 25
0.24×
1.17×
Q4 24
4.89×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCO
CCO

Segment breakdown not available.

NFG
NFG

Revenues from External Customers$425.8M100%
Intersegment Revenues$126.0K0%

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