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Side-by-side financial comparison of Clear Channel Outdoor Holdings, Inc. (CCO) and ROYAL GOLD INC (RGLD). 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 $375.3M, roughly 1.2× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 1.7%, a 23.2% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 8.2%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% 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.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

CCO vs RGLD — Head-to-Head

Bigger by revenue
CCO
CCO
1.2× larger
CCO
$461.5M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+77.1% gap
RGLD
85.3%
8.2%
CCO
Higher net margin
RGLD
RGLD
23.2% more per $
RGLD
24.9%
1.7%
CCO
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
18.8%
CCO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCO
CCO
RGLD
RGLD
Revenue
$461.5M
$375.3M
Net Profit
$8.0M
$93.6M
Gross Margin
64.6%
Operating Margin
23.3%
56.2%
Net Margin
1.7%
24.9%
Revenue YoY
8.2%
85.3%
Net Profit YoY
144.8%
-12.8%
EPS (diluted)
$0.01
$1.04

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
RGLD
RGLD
Q4 25
$461.5M
$375.3M
Q3 25
$405.6M
$252.1M
Q2 25
$402.8M
$209.6M
Q1 25
$334.2M
$193.4M
Q4 24
$426.7M
$202.6M
Q3 24
$375.2M
$193.8M
Q2 24
$376.5M
$174.1M
Q1 24
$326.8M
$148.9M
Net Profit
CCO
CCO
RGLD
RGLD
Q4 25
$8.0M
$93.6M
Q3 25
$-60.1M
$126.8M
Q2 25
$9.5M
$132.3M
Q1 25
$62.5M
$113.5M
Q4 24
$-17.9M
$107.4M
Q3 24
$-32.5M
$96.2M
Q2 24
$-39.2M
$81.2M
Q1 24
$-89.7M
$47.2M
Gross Margin
CCO
CCO
RGLD
RGLD
Q4 25
64.6%
Q3 25
73.6%
Q2 25
72.6%
Q1 25
69.4%
Q4 24
70.3%
Q3 24
66.6%
Q2 24
64.7%
Q1 24
58.4%
Operating Margin
CCO
CCO
RGLD
RGLD
Q4 25
23.3%
56.2%
Q3 25
19.9%
64.4%
Q2 25
19.2%
67.7%
Q1 25
13.5%
63.6%
Q4 24
23.5%
65.9%
Q3 24
17.8%
61.3%
Q2 24
18.2%
58.6%
Q1 24
13.4%
50.7%
Net Margin
CCO
CCO
RGLD
RGLD
Q4 25
1.7%
24.9%
Q3 25
-14.8%
50.3%
Q2 25
2.4%
63.1%
Q1 25
18.7%
58.7%
Q4 24
-4.2%
53.0%
Q3 24
-8.7%
49.7%
Q2 24
-10.4%
46.6%
Q1 24
-27.4%
31.7%
EPS (diluted)
CCO
CCO
RGLD
RGLD
Q4 25
$0.01
$1.04
Q3 25
$-0.12
$1.92
Q2 25
$0.02
$2.01
Q1 25
$0.13
$1.72
Q4 24
$-0.03
$1.63
Q3 24
$-0.07
$1.46
Q2 24
$-0.08
$1.23
Q1 24
$-0.19
$0.72

Balance Sheet & Financial Strength

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

Metric
CCO
CCO
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$190.0M
$233.7M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-3.4B
$7.2B
Total Assets
$3.8B
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCO
CCO
RGLD
RGLD
Q4 25
$190.0M
$233.7M
Q3 25
$155.0M
$172.8M
Q2 25
$138.6M
$248.2M
Q1 25
$395.8M
$240.8M
Q4 24
$109.7M
$195.5M
Q3 24
$201.1M
$127.9M
Q2 24
$189.3M
$74.2M
Q1 24
$193.2M
$137.9M
Total Debt
CCO
CCO
RGLD
RGLD
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.1B
Q1 25
$5.3B
Q4 24
$5.7B
Q3 24
$5.7B
$0
Q2 24
$5.7B
$50.0M
Q1 24
$5.7B
Stockholders' Equity
CCO
CCO
RGLD
RGLD
Q4 25
$-3.4B
$7.2B
Q3 25
$-3.5B
$3.4B
Q2 25
$-3.4B
$3.3B
Q1 25
$-3.4B
$3.2B
Q4 24
$-3.6B
$3.1B
Q3 24
$-3.6B
$3.0B
Q2 24
$-3.6B
$3.0B
Q1 24
$-3.5B
$2.9B
Total Assets
CCO
CCO
RGLD
RGLD
Q4 25
$3.8B
$9.5B
Q3 25
$3.8B
$4.5B
Q2 25
$3.8B
$3.6B
Q1 25
$4.0B
$3.5B
Q4 24
$4.8B
$3.4B
Q3 24
$4.6B
$3.3B
Q2 24
$4.5B
$3.3B
Q1 24
$4.6B
$3.3B
Debt / Equity
CCO
CCO
RGLD
RGLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.02×
Q1 24

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
RGLD
RGLD
Operating Cash FlowLast quarter
$56.3M
$241.7M
Free Cash FlowOCF − Capex
$30.3M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
7.04×
2.58×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCO
CCO
RGLD
RGLD
Q4 25
$56.3M
$241.7M
Q3 25
$56.2M
$174.0M
Q2 25
$-12.6M
$152.8M
Q1 25
$14.9M
$136.4M
Q4 24
$29.3M
$141.1M
Q3 24
$54.5M
$136.7M
Q2 24
$30.8M
$113.5M
Q1 24
$-34.8M
$138.3M
Free Cash Flow
CCO
CCO
RGLD
RGLD
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
RGLD
RGLD
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
RGLD
RGLD
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
RGLD
RGLD
Q4 25
7.04×
2.58×
Q3 25
1.37×
Q2 25
-1.32×
1.15×
Q1 25
0.24×
1.20×
Q4 24
1.31×
Q3 24
1.42×
Q2 24
1.40×
Q1 24
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCO
CCO

Segment breakdown not available.

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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