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Clear Channel Outdoor vs National CineMedia: revenue, profit, margins and growth compared

Clear Channel Outdoor brought in $1.6B of revenue in fiscal 2025, National CineMedia $243.2M in fiscal 2025. Revenue changed by +6.6% at Clear Channel Outdoor and +1.0% at National CineMedia on the year before, so Clear Channel Outdoor grew faster. Clear Channel Outdoor kept 1.2% of its revenue as net profit, National CineMedia -4.4%. Free cash flow was $32M at Clear Channel Outdoor and $2.8M at National CineMedia.

Side by side, latest fiscal year

CCONCMI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (January 1, 2026)
Revenue$1.6B$243.2M
Revenue growth+6.6%+1.0%
Net income$19.9M-$10.6M
Net margin1.2%-4.4%
Free cash flow$32M$2.8M
Free cash flow margin2.0%1.2%
Earnings per share (diluted)$0.04-$0.11
Cash$190M$34.6M
Debt$5.1B$12M
Price to earnings59.0n/a
Market value$1.2B$212.6M
Dividend yieldn/a5.31%
Rank by revenue in sector#391 of 778 · Consumer discretionary#639 of 778 · Consumer discretionary

Over the years

Revenue
CCO FY2018: $2.7BCCO FY2019: $2.7BCCO FY2020: $1.9BCCO FY2021: $1.8BCCO FY2022: $1.4BCCO FY2023: $1.4BCCO FY2024: $1.5BCCO FY2025: $1.6BNCMI FY2018: $441.4MNCMI FY2019: $444.8MNCMI FY2020: $90.4MNCMI FY2021: $114.6MNCMI FY2022: $249.2MNCMI FY2023: $165.2MNCMI FY2024: $240.8MNCMI FY2025: $243.2MFY18FY19FY20FY21FY22FY23FY24FY25
CCO $1.6BNCMI $243.2M
Net income
CCO FY2018: -$218.2MCCO FY2019: -$363.3MCCO FY2020: -$582.7MCCO FY2021: -$433.8MCCO FY2022: -$96.6MCCO FY2023: -$310.9MCCO FY2024: -$179.3MCCO FY2025: $19.9MNCMI FY2018: $29.8MNCMI FY2019: $36.1MNCMI FY2020: -$65.4MNCMI FY2021: -$48.7MNCMI FY2022: -$28.7MNCMI FY2023: $705.2MNCMI FY2024: -$22.3MNCMI FY2025: -$10.6MFY18FY19FY20FY21FY22FY23FY24FY25
CCO $19.9MNCMI -$10.6M
Net margin
CCO FY2018: -8.0%CCO FY2019: -13.5%CCO FY2020: -31.4%CCO FY2021: -24.5%CCO FY2022: -7.0%CCO FY2023: -21.7%CCO FY2024: -11.9%CCO FY2025: 1.2%NCMI FY2018: 6.8%NCMI FY2019: 8.1%NCMI FY2020: -72.3%NCMI FY2021: -42.5%NCMI FY2022: -11.5%NCMI FY2023: 426.9%NCMI FY2024: -9.3%NCMI FY2025: -4.4%FY18FY19FY20FY21FY22FY23FY24FY25
CCO 1.2%NCMI -4.4%
Revenue growth
CCO FY2019: -1.4%CCO FY2020: -30.9%CCO FY2021: -4.6%CCO FY2022: -21.9%CCO FY2023: +3.8%CCO FY2024: +5.0%CCO FY2025: +6.6%NCMI FY2019: +0.8%NCMI FY2020: -79.7%NCMI FY2021: +26.8%NCMI FY2022: +117.5%NCMI FY2023: -33.7%NCMI FY2024: +45.8%NCMI FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25
CCO +6.6%NCMI +1.0%
Free cash flow
CCO FY2018: -$23.8MCCO FY2019: -$17.9MCCO FY2020: -$262MCCO FY2021: -$281.5MCCO FY2022: -$44.7MCCO FY2023: -$135.3MCCO FY2024: -$62.6MCCO FY2025: $32MNCMI FY2018: $136.1MNCMI FY2019: $129.6MNCMI FY2020: $47.3MNCMI FY2021: -$100.9MNCMI FY2022: -$50.2MNCMI FY2023: -$10MNCMI FY2024: $54.5MNCMI FY2025: $2.8MFY18FY19FY20FY21FY22FY23FY24FY25
CCO $32MNCMI $2.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Clear Channel Outdoor and National CineMedia

Which is bigger by revenue, Clear Channel Outdoor or National CineMedia?

Clear Channel Outdoor is bigger by revenue: $1.6B in fiscal 2025, against $243.2M for National CineMedia in fiscal 2025.

Which keeps more of its revenue as profit, Clear Channel Outdoor or National CineMedia?

Clear Channel Outdoor had a net margin of 1.2% in fiscal 2025; National CineMedia had -4.4% in fiscal 2025.

Which grew revenue faster, Clear Channel Outdoor or National CineMedia?

In their latest fiscal years revenue changed by +6.6% at Clear Channel Outdoor and +1.0% at National CineMedia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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