Credit and interest ratesnegative · 4 filings
“The effective tax rates were primarily driven by changes in the valuation allowance on deferred tax assets related to interest expense carryforwards.”10-Q · May 6, 2026 ↗
Clear Channel Outdoor Holdings, Inc.
CCO
Market read
Clear Channel Outdoor Holdings, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company+0.4% todayVolume comparison unavailable
Market group0 of 8 activeHealthcare Biotech & Midstream · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- CCO's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CCO's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- CCO's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements127
Verified relationships7
Evidence supporting the case
- Latest annual revenue changed +6.6% year over year.
- Net margin changed +13.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 5.76x in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 141% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 82% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
2.396m+0.0%12m+89.7%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.8B-4.6%$-0.93+0.9%
2022-12-31$1.4B-21.9%$-0.20+3.2%
2023-12-31$1.4B+3.8%$-0.65-0.4%
2024-12-31$1.5B+5.0%$-0.37+1.2%
2025-12-31$1.6B+6.6%$0.04+1.6%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 4 filings
“The increase was primarily driven by stronger performance at San Francisco International Airport, reflecting the impact of Super Bowl LX, higher demand from technology advertisers and increased conference activity.”10-Q · May 6, 2026 ↗
Legal and regulatory exposuremixed · 3 filings
“The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of customary closing conditions, including receipt of required stockholder and regulatory approvals.”10-Q · May 6, 2026 ↗
Restructuring and cost reductionsnegative · 3 filings
“The following assumptions were used in our annual impairment test performed as of July 1, 2025 to determine the fair value of our reporting units: • Expected cash flows for the initial 4.5-year period were based on detailed, multi-year forecasts from each ope…”10-K · Feb 26, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.7× · EV/sales 3.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
2.39+0.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CCO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CCO. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CCO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
AJGArthur J. Gallagher & Co.competitorFeb 26, 2026 ▾
“He began his career in public accounting, gaining nearly a decade of experience at Arthur Andersen LLP and Ernst & Young LLP.”
ANDGAndersen Group Inc.competitorFeb 26, 2026 ▾
“He began his career in public accounting, gaining nearly a decade of experience at Arthur Andersen LLP and Ernst & Young LLP.”
LAMRLamar Advertising CompanycompetitorFeb 26, 2026 ▾
“OOH advertising industry is fragmented and highly competitive, consisting of other large operators such as Lamar Advertising Company and Outfront Media Inc., as well as numerous regional and local participants.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CCO is currently a Early Follower in the organic co-movement group Healthcare Biotech & Midstream. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CCO; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.