CCO Clear Channel Outdoor Holdings, Inc. Common Stock
About Clear Channel Outdoor Holdings, Inc. Common Stock Company overview from Wikipedia
Clear Channel Outdoor Holdings, Inc. is a multinational corporation which operates billboards, logo signs, and transit displays and focused on outdoor advertising. The company is based in San Antonio, Texas.
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Clear Channel Outdoor Holdings, Inc. is a multinational corporation which operates billboards, logo signs, and transit displays and focused on outdoor advertising. The company is based in San Antonio, Texas.
History
Founding and predecessor companies
Clear Channel Outdoor Americas (CCOA) was one of the first outdoor advertising companies in the United States and is one of the largest. It has origins in three major predecessor companies: Foster & Kleiser (F&K) (1901–1986), Patrick Media Outdoor (1986–1995), and Eller Media Company (1995–2001). F&K changed its name to Patrick Media Group after Metromedia sold the company to Scranton, PA-based Patrick Media Group and a major investor group led by General Electric, and it was acquired in turn by Karl Eller in 1995.
Alongside this outdoor advertising consolidation, the Mays family in San Antonio, Texas, founded a broadcasting company in 1972, which would become known as Clear Channel Communications. By the mid-1990s, Clear Channel Communications owned 43 radio and 16 television stations. By 2004, Clear Channel owned more than 1,200 radio stations and 36 television stations in the United States and 770,000 billboards globally.
Along the way, CCO further consolidated operations by acquiring Universal Outdoor (Naegele, Derse, POA, Revere), Donrey, Paxton Outdoor, Ackerley Media, Badger Outdoor, ABC Outdoor, and Hansen Outdoor, to name a few of the larger transactions.
Expansion and iHeartMedia
In November 2005, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) and its parent company, Clear Channel Communications, Inc. (NYSE:CCU) announced the initial public offering of 35,000,000 shares of Class A common stock of Clear Channel Outdoor Holdings at a price of $18.00 per share, for a total offering of $630,000,000.
In 2006, CCOH acquired Interspace Airport Advertising and began operating as Clear Channel Interspace Airports. In 2009, the airports media sales business began operating as Clear Channel Airports. Today, Clear Channel Airports manages advertising and marketing contracts in more than 260 airports across the world.
In 2007, Clear Channel Outdoor began its partnership with the FBI to display fugitives and missing persons on billboards across the United States.
In 2008, Clear Channel was taken private by firms Thomas H. Lee Partners and Bain Capital LLC, and the Mays family divested their interests in the company.
In September 2014, CCO's then-parent parent company changed its name from Clear Channel Communications, Inc. to iHeartMedia. The outdoor advertising entity retained the Clear Channel name to protect that trademark.
In 2015, Scott Wells became CEO of Clear Channel Outdoor Americas. He is responsible for all CCOA's business in the U.S., and its Caribbean-based airport media sales operations.
In 2016, CCOA proved the effectiveness of the Out-of-Home (OOH) medium and announced the industry's first measurable outdoor advertising solution known as CCO RADAR. CCO executed this using aggregated and anonymized mobile location data from privacy compliant data providers.
On January 7, 2016, Lamar Advertising Company purchased Clear Channel Outdoor's assets in 5 major U.S. city markets for $458.5 million.
In 2016, CCOA introduced the automated ability (programmatic) for advertisers to buy ads on its various digital outdoor formats using computer programs.
Spin-off out of iHeartMedia
On December 21, 2018, iHeartMedia announced its intent to spin out its majority stake in Clear Channel Outdoor, as part of a proposed reorganization plan to reduce debt and exit its Chapter 11 bankruptcy. The reorganization plan was approved by the U.S. Bankruptcy Court for the Southern District of Texas in January 2019, and was completed in May 2019. This made Clear Channel an independent company, and Clear Channel International (CCI) CEO William Eccleshare became the new worldwide CEO. He remains in London in addition to his responsibilities as the worldwide CEO, he continues to lead CCI.
Under the Clear Channel umbrella, Clear Channel Outdoor was built from the acquisition of Eller Media, Universal Outdoor, and More Group Plc, giving iHeartMedia outdoor advertising space in 25 countries, while CCO also has a stake in Jolly Pubblicita S.p.A. of Italy. Other units of CCO include:
BBH Exhibits
Yellow Checker Star Cab Displays
Dauphin OTA (created by Jacques Dauphin)
Donrey Media, Ackerley Media
Companies in Chile, Poland, and Switzerland
APN News & Media in Australia (49% stake, including Adshel)
In the United States, CCO operates over 1,100 digital billboards in 27 markets. Taxi Tops was sold to Verifone in January 2010.
On February 9, 2026, Mubadala Investment Company acquired Clear Channel Outdoor for all-cash transaction values Clear Channel at an enterprise value of $6.2 billion.
On May 21, 2026, Clear Channel Outdoor announced Clear Channel Impact for a new marketing solution that enables brands and billboards to turn their existing advertising investments nationwide.
Corporate structure
Following a separation from its former parent company, iHeartMedia, Inc., in May 2019, CCOH, Inc. has operated as an independent, publicly traded company on the New York Stock Exchange (NYSE: CCO).
In the U.S., Clear Channel Outdoor Americas offers outdoor advertising in 43 of the top 50 markets and maintains an office and operations presence employing over 1,500 people. Across its roadside and street level market footprint, CCOA offers tens of thousands of printed billboards in a variety of formats.
CCOA is one of two separate business units operating as part of Clear Channel Outdoor Holdings, Inc. (CCOH). The other business unit, Clear Channel International (CCI), includes Europe, Singapore and Latin America. Globally, both CCOA and CCI employ 5,800 people.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CCO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CCO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Jan. 25, 2018 | $0.0820 |
| Nov. 1, 2017 | $0.0690 |
| Oct. 6, 2017 | $0.0690 |
| Feb. 24, 2017 | $0.7800 |
| Feb. 5, 2016 | $1.4940 |
| Jan. 8, 2016 | $0.6030 |
| Aug. 12, 2014 | $0.4870 |
| Nov. 12, 2013 | $0.5580 |
| March 16, 2012 | $6.0830 |
CCO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 5 50.0%
- Sell 4 40.0%
- Strong Sell 1 10.0%
12-Month Price Target
2 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.01 | $-0.01 | 0.00% |
| March 31, 2026 | $-0.10 | $-0.11 | 0.01% |
| Dec. 31, 2025 | $0.02 | $0.01 | 0.01% |
| Sept. 30, 2025 | $-0.12 | $-0.04 | -0.08% |
| June 30, 2025 | $0.02 | $-0.05 | 0.07% |
| March 31, 2025 | $0.13 | $-0.13 | 0.26% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CCO | — | 55.2 | 6.6% | — | — | — |
| NIQ | $4.86B | -12.5 | 5.7% | -8.4% | -67.4% | — |
| MGNI | $2.32B | 17.1 | 6.9% | 20.3% | 17.1% | — |
| STGW | — | -1.4 | 2.4% | 1.0% | 5.3% | — |
| DV | $1.85B | 38.1 | 13.9% | 6.8% | 4.6% | — |
| MNTN | $0 | -91.8 | 28.6% | -2.2% | -2.4% | 77.2% |
| IBTA | $740M | 189.4 | -6.8% | 1.0% | 1.1% | 79.2% |
| PUBM | — | -28.6 | -2.9% | -5.1% | -5.7% | 63.6% |
| BOC | — | -30.9 | 5.6% | — | — | — |
| OMC | $25.28B | -299.1 | 10.1% | -0.32% | -0.67% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.51B | $1.43B | $1.38B | $1.77B | $1.85B | $2.68B | $2.72B | $2.59B | $2.68B | $2.81B | $2.96B | |
| SG&A Expense | $262M | $253M | $235M | $231M | $330M | $442M | $521M | $523M | $499M | $515M | $532M | $549M | |
| Operating Income | $311M | $279M | $217M | $256M | $59M | $-292M | $253M | $252M | $232M | $632M | $261M | $282M | |
| Interest Expense | $396M | $402M | $398M | $334M | $349M | $360M | $420M | $388M | $380M | $375M | $356M | $353M | |
| Other Non-op | $1M | $-8M | $-6M | $-1M | $1M | $-1M | $-14M | $-2M | $-808.0K | $-552.0K | $-2M | $-275.0K | |
| Pretax Income | $-99M | $-133M | $-183M | $-79M | $-395M | $-658M | $-290M | $-170M | $-906M | $235M | $-21M | $8M | |
| Income Tax | $5M | $-9M | $-24M | $-90M | $-36M | $-58M | $72M | $33M | $-280M | $77M | $50M | $-9M | |
| Net Income | $20M | $-179M | $-311M | $-97M | $-434M | $-583M | $-363M | $-218M | $-644M | $135M | $-96M | $-10M | |
| EPS (Basic) | $0.04 | $-0.37 | $-0.65 | $-0.20 | $-0.93 | $-1.25 | $-0.88 | $-0.60 | $-1.78 | $0.37 | $-0.27 | $-0.03 | |
| EPS (Diluted) | $0.04 | $-0.37 | $-0.65 | $-0.20 | $-0.93 | $-1.25 | $-0.88 | $-0.60 | $-1.78 | $0.37 | $-0.27 | $-0.03 | |
| Shares (Basic) | 495,406,000 | 487,651,000 | 481,727,000 | 474,362,000 | 468,491,000 | 464,522,000 | 413,087,000 | 361,740,000 | 361,141,000 | 360,294,000 | 359,508,000 | 358,565,000 | |
| Shares (Diluted) | 495,406,000 | 487,651,000 | 481,727,000 | 483,538,000 | 468,491,000 | 464,522,000 | 413,087,000 | 361,740,000 | 361,141,000 | 361,612,000 | 359,508,000 | 358,565,000 | |
| EBITDA | · | $453M | $479M | $485M | $237M | $-23M | $562M | · | · | $982M | $637M | $689M |
Balance Sheet 30
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $190M | $110M | $172M | $282M | $411M | $785M | $399M | $182M | $144M | $542M | $413M | $186M | |
| Receivables | $371M | $344M | $315M | $454M | $643M | $468M | $710M | $706M | $659M | $593M | $698M | $698M | |
| Inventory | · | · | · | · | · | $17M | $21M | $18M | $22M | $21M | $24M | $22M | |
| Prepaid Expense | $22M | $27M | $29M | $45M | $54M | $50M | $3M | $3M | $4M | $7M | $7M | $10M | |
| Other Current Assets | $7M | $2M | $8M | $17M | $26M | $32M | $33M | $31M | $59M | $39M | $35M | $46M | |
| Current Assets | $793M | $1.66B | $957M | $1.12B | $1.13B | $1.33B | $1.20B | $1.02B | $974M | $1.34B | $1.57B | $1.06B | |
| PP&E (Net) | $442M | $480M | $490M | $672M | $827M | $889M | $1.21B | $1.29B | $1.40B | $1.41B | $1.63B | $1.91B | |
| PP&E (Gross) | $2.13B | $2.11B | $2.09B | $2.51B | $2.81B | $2.82B | $3.30B | $3.26B | $3.25B | $3.04B | $3.20B | $3.43B | |
| Accum. Depreciation | $1.69B | $1.63B | $1.60B | $1.84B | $1.98B | $1.93B | $2.09B | $1.97B | $1.85B | $1.63B | $1.58B | $1.52B | |
| Goodwill | $508M | $508M | $508M | $651M | $660M | $710M | $704M | $706M | $714M | $696M | $759M | $817M | |
| Intangibles | $588M | $667M | $742M | $813M | $110M | $130M | $163M | $253M | $274M | $300M | $343M | $412M | |
| Other Non-current Assets | $18M | $10M | $13M | $48M | $82M | $70M | $98M | $133M | $125M | $122M | $108M | $133M | |
| Total Assets | $3.83B | $4.80B | $4.72B | $5.09B | $5.30B | $5.76B | $6.39B | $4.52B | $4.67B | $5.71B | $6.31B | $6.30B | |
| Accounts Payable | $32M | $39M | $45M | $73M | $109M | $101M | $95M | $114M | $88M | $87M | $100M | $76M | |
| Accrued Liabilities | $170M | $164M | $182M | $331M | $523M | $444M | $504M | $528M | $510M | $481M | $508M | $544M | |
| Current Liabilities | $618M | $1.27B | $884M | $1.12B | $1.11B | $1.09B | $1.18B | $730M | $658M | $642M | $921M | $718M | |
| Capital Leases | $1.23B | $1.23B | $1.01B | $1.24B | $1.31B | $1.34B | $1.56B | $0 | · | · | · | · | |
| Deferred Tax | $222M | $222M | $231M | $236M | $325M | $356M | $416M | $335M | $321M | $639M | $609M | $604M | |
| Other Non-current Liabilities | $55M | $61M | $63M | $93M | $161M | $199M | $183M | $260M | $284M | $39M | $240M | $235M | |
| Total Liabilities | $7.22B | $8.44B | $8.17B | $8.35B | $8.49B | $8.54B | $8.45B | $6.62B | · | · | · | · | |
| Long-term Debt | $5.10B | $5.66B | $5.63B | $5.56B | $5.60B | $5.57B | $5.08B | $5.28B | $5.27B | $5.12B | $5.11B | $4.93B | |
| Total Debt | · | $5.66B | $5.63B | $5.59B | $5.60B | $5.57B | $5.08B | · | · | $5.12B | $5.16B | $4.93B | |
| Common Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | · | · | · | $4M | |
| Paid-in Capital | $3.61B | $3.59B | $3.56B | $3.54B | $3.52B | $3.50B | $3.49B | $3.09B | $3.11B | $3.43B | $3.96B | $4.17B | |
| Retained Earnings | $-6.94B | $-6.96B | $-6.78B | $-6.47B | $-6.37B | $-5.94B | $-5.35B | $-5.00B | $-4.78B | $-4.13B | $-4.27B | $-4.17B | |
| Treasury Stock | $31M | $28M | $24M | $19M | $8M | $3M | $3M | $7M | $6M | $4M | $2M | $1M | |
| AOCI | $-53M | $-258M | $-227M | $-335M | $-351M | $-359M | $-350M | $-344M | $-340M | $-387M | $-452M | $-341M | |
| Stockholders' Equity | $-3.39B | $-3.64B | $-3.45B | $-3.26B | $-3.19B | $-2.78B | $-2.05B | $-2.10B | $-1.86B | $-947M | $-579M | $-139M | |
| Liabilities + Equity | $3.83B | $4.80B | $4.72B | $5.09B | $5.30B | $5.76B | $6.39B | $4.52B | $4.67B | $5.72B | $6.31B | $6.35B | |
| Shares Outstanding | · | · | · | · | 474,480,862 | 468,703,164 | · | · | · | · | · | · |
Cash Flow 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $175M | $174M | $197M | $174M | $213M | $269M | $309M | $319M | $326M | $344M | $376M | $406M | |
| Stock-based Comp | $26M | $26M | $20M | $21M | $19M | $13M | $16M | $9M | $10M | $10M | $8M | $8M | |
| Deferred Tax | $3M | $-13M | $-29M | $-93M | $-32M | $-80M | $24M | $14M | $-311M | $32M | $3M | $-34M | |
| Amort. of Intangibles | $79M | $78M | $78M | $35M | $23M | $22M | $21M | $20M | $28M | $38M | $49M | $67M | |
| Restructuring | · | · | · | $800.0K | $32M | $15M | · | · | · | · | · | · | |
| Other Non-cash | · | $71M | $109M | $43M | $59M | $243M | $229M | · | · | $-217M | $7M | $-22M | |
| Operating Cash Flow | $115M | $80M | $31M | $140M | $-133M | $-138M | $215M | $187M | $160M | $309M | $299M | $348M | |
| CapEx | $83M | $142M | $167M | $185M | $148M | $124M | $232M | $211M | $224M | $230M | $218M | $231M | |
| Investing Cash Flow | $523M | $-156M | $-120M | $-222M | $-153M | $95M | $-220M | $-204M | $-155M | $574M | $-258M | $-206M | |
| Debt Issued | $2.05B | $1.66B | $750M | $0 | $2.09B | $375M | $5.47B | $0 | $156M | $7M | $223M | $0 | |
| Net Debt Issued | · | $21M | $66M | $-21M | $75M | $300M | $-241M | · | · | $5M | $223M | $-48.0K | |
| Stock Issued | · | · | · | · | $0 | $0 | $333M | $0 | $0 | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $234.0K | $0 | |
| Net Stock Activity | · | · | · | · | $0 | $0 | $333M | · | · | · | $-234.0K | $0 | |
| Dividends Paid | · | · | · | · | · | $405.0K | $740.0K | $31M | $333M | $756M | $0 | $175M | |
| Financing Cash Flow | $-598M | $-8M | $46M | $-33M | $-85M | $418M | $220M | $41M | $-380M | $-726M | $199M | $-261M | |
| Net Change in Cash | $45M | $-88M | $-38M | $-121M | $-375M | $378M | $214M | $15M | $-364M | $129M | $227M | $-128M | |
| Taxes Paid | $3M | $5M | $6M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $-63M | $-135M | $-45M | $-282M | $-258M | $-7M | · | · | $81M | $81M | $117M | |
| Levered FCF | · | $-436M | $-515M | $-251M | $-606M | $-587M | $-529M | · | · | $-175M | $-1.12B | $-609M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | 18.6% | 11.1% | 9.3% | -0.72% | -15.8% | 9.4% | · | · | 23.6% | 9.3% | 9.5% | |
| Net Margin | · | -11.9% | -14.6% | -3.9% | -19.4% | -31.4% | -13.5% | · | · | 5.2% | -3.4% | -0.32% | |
| Pretax Margin | · | -8.8% | -8.2% | -6.7% | -20.9% | -35.5% | -10.8% | · | · | 8.9% | -0.75% | 0.28% | |
| EBITDA Margin | · | 30.1% | 22.5% | 19.6% | 10.6% | -1.2% | 20.9% | · | · | 36.3% | 22.7% | 23.3% | |
| ROA | · | -3.8% | -6.3% | -1.9% | -7.8% | -9.6% | -6.7% | · | · | 2.4% | -1.5% | -0.15% | |
| ROE | · | 5.0% | 8.7% | 2.9% | 13.4% | 21.1% | 17.5% | · | · | -14.7% | 22.1% | 7.0% | |
| ROIC | · | 12.8% | 9.8% | 5.6% | -0.62% | -9.6% | 10.4% | · | · | 10.4% | 19.2% | 12.1% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.3 | 1.1 | 1.0 | 1.0 | 1.2 | 1.0 | · | · | 2.1 | 1.7 | 1.5 | |
| Quick Ratio | · | 0.4 | 0.9 | 0.8 | 0.9 | 1.1 | 0.9 | · | · | 1.8 | 1.2 | 1.2 | |
| Debt / Equity | · | -1.6 | -1.6 | -1.7 | -1.8 | -2.0 | -2.5 | · | · | -5.5 | -9.1 | -35.0 | |
| LT Debt / Equity | · | -1.6 | -1.6 | -1.7 | -1.7 | -2.0 | -2.5 | · | · | -5.5 | -9.1 | -35.0 | |
| Interest Coverage | · | 0.7 | 0.6 | 0.6 | -0.0 | -0.8 | 0.6 | · | · | 1.7 | 0.7 | 0.8 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | 0.5 | · | · | 0.4 | 0.4 | 0.5 | |
| Receivables Turnover | · | 4.6 | 4.5 | 3.9 | 4.0 | 3.1 | 3.8 | · | · | 4.2 | 4.0 | 4.2 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.6% | 5.0% | 3.8% | -21.9% | -4.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 5.1% | -5.2% | -8.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -2.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.60B | $1.51B | $1.43B | $1.38B | $1.77B | $1.85B | $2.68B | $2.72B | $2.59B | $2.68B | $2.81B | $2.96B | |
| Net Income TTM | $20M | $-179M | $-311M | $-97M | $-434M | $-583M | $-363M | $-218M | $-644M | $135M | $-96M | $-10M | |
| P/E | 55.2 | -3.7 | -2.8 | -5.2 | -3.6 | -1.3 | -3.2 | -8.7 | -2.6 | 13.6 | -20.7 | -353.0 | |
| Earnings Yield | 1.8% | -27.0% | -35.7% | -19.1% | -28.1% | -75.8% | -30.8% | -11.6% | -38.7% | 7.3% | -4.8% | -0.28% | |
| Payout Ratio | · | · | · | · | · | -0.07% | -0.20% | · | · | 534.2% | 0.00% | -1825.0% | |
| Annual Payout | · | · | · | · | · | $405.0K | $740.0K | $31M | $333M | $756M | $0 | $175M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $438M | $374M | $462M | $406M | $403M | $334M | $427M | $375M | $376M | $327M | $-61M | $359M | $364M | $296M | $-291M | $503M | |
| SG&A Expense | $70M | $67M | $67M | $66M | $66M | $64M | $66M | $63M | $64M | $59M | $-31M | $55M | $58M | $59M | $-86M | $90M | |
| Operating Income | $89M | $39M | $107M | $81M | $77M | $45M | $100M | $67M | $68M | $44M | $104M | $64M | $46M | $11M | $108M | $81M | |
| Interest Expense | $99M | $98M | $99M | $101M | $96M | $99M | $100M | $100M | $100M | $102M | $83M | $102M | $99M | $96M | $72M | $93M | |
| Other Non-op | $268.0K | $741.0K | $218.0K | $69.0K | $663.0K | $249.0K | $842.0K | $-820.0K | $449.0K | $-9M | $-9M | $-17M | $12M | $9M | $59M | $-28M | |
| Pretax Income | $-10M | $-58M | $8M | $-64M | $11M | $-54M | $910.0K | $-34M | $-31M | $-69M | $11M | $-37M | $-52M | $-85M | $95M | $-40M | |
| Income Tax | $299.0K | $-9M | $14M | $-14M | $5M | $1M | $2M | $-6M | $-6M | $172.0K | $-12M | $-2M | $-2M | $-11M | $-90M | $-21M | |
| Net Income | $-5M | $-49M | $8M | $-60M | $10M | $63M | $-18M | $-33M | $-39M | $-90M | $25M | $-263M | $-37M | $-35M | $99M | $-40M | |
| EPS (Basic) | $-0.01 | $-0.10 | $0.01 | $-0.12 | $0.02 | $0.13 | $-0.03 | $-0.07 | $-0.08 | $-0.19 | $0.05 | $-0.55 | $-0.08 | $-0.07 | $0.21 | $-0.08 | |
| EPS (Diluted) | $-0.01 | $-0.10 | $0.01 | $-0.12 | $0.02 | $0.13 | $-0.03 | $-0.07 | $-0.08 | $-0.19 | $0.05 | $-0.55 | $-0.08 | $-0.07 | $0.21 | $-0.08 | |
| Shares (Basic) | 508,993,000 | 498,488,000 | -988,748,000 | 497,030,000 | 496,792,000 | 490,332,000 | -973,756,000 | 488,947,000 | 488,740,000 | 483,720,000 | -962,092,000 | 482,945,000 | 482,373,000 | 478,501,000 | -946,943,000 | 475,612,000 | |
| Shares (Diluted) | 508,993,000 | 498,488,000 | -990,357,000 | 497,030,000 | 498,401,000 | 490,332,000 | -973,756,000 | 488,947,000 | 488,740,000 | 483,720,000 | -962,092,000 | 482,945,000 | 482,373,000 | 478,501,000 | -937,767,000 | 475,612,000 | |
| EBITDA | $130M | $81M | · | $125M | $121M | $88M | · | $130M | $111M | $87M | · | $127M | $126M | $139M | · | $119M |
Balance Sheet 28
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $192M | $182M | $190M | $155M | $139M | $396M | $110M | $201M | $189M | $193M | · | $313M | $233M | $340M | · | $327M | |
| Receivables | $368M | $346M | $371M | $340M | $331M | $294M | $344M | $496M | $458M | $426M | · | $442M | $526M | $523M | · | $552M | |
| Prepaid Expense | $19M | $26M | $22M | $23M | $21M | $26M | $27M | $55M | $48M | $49M | · | $51M | $59M | $74M | · | $65M | |
| Other Current Assets | $6M | $3M | $7M | $8M | $9M | $5M | $2M | $20M | $19M | $22M | · | $23M | $27M | $32M | · | $26M | |
| Current Assets | $773M | $734M | $793M | $700M | $665M | $863M | $1.66B | $906M | $854M | $819M | · | $870M | $892M | $969M | · | $971M | |
| PP&E (Net) | $429M | $432M | $442M | $443M | $457M | $467M | $480M | $639M | $628M | $647M | · | $640M | $710M | $770M | · | $756M | |
| PP&E (Gross) | $2.14B | $2.13B | $2.13B | $2.12B | $2.11B | $2.11B | $2.11B | $2.56B | $2.53B | $2.55B | · | $2.53B | $2.63B | $2.81B | · | $2.74B | |
| Accum. Depreciation | $1.71B | $1.70B | $1.69B | $1.67B | $1.66B | $1.64B | $1.63B | $1.92B | $1.90B | $1.90B | · | $1.89B | $1.92B | $2.04B | · | $1.98B | |
| Goodwill | $508M | $508M | $508M | $508M | $508M | $508M | $508M | $662M | $653M | $653M | · | $649M | $654M | $652M | · | $674M | |
| Intangibles | · | · | $588M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $20M | $18M | $18M | $20M | $21M | $18M | $10M | $46M | $44M | $45M | · | $51M | $65M | $76M | · | $78M | |
| Total Assets | $3.76B | $3.72B | $3.83B | $3.76B | $3.77B | $3.99B | $4.80B | $4.64B | $4.54B | $4.56B | · | $4.65B | $4.84B | $4.95B | · | $4.99B | |
| Accounts Payable | $37M | $35M | $32M | $31M | $40M | $41M | $39M | $57M | $65M | $63M | · | $55M | $77M | $86M | · | $77M | |
| Accrued Liabilities | $162M | $132M | $170M | $150M | $142M | $149M | $164M | $323M | $315M | $309M | · | $324M | $423M | $442M | · | $454M | |
| Current Liabilities | $616M | $586M | $618M | $616M | $578M | $605M | $1.27B | $904M | $833M | $796M | · | $1.03B | $965M | $1.02B | · | $1.03B | |
| Capital Leases | $1.23B | $1.21B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.36B | $1.32B | $1.33B | · | $1.29B | $1.31B | $1.31B | · | $1.30B | |
| Deferred Tax | $213M | $211M | $222M | $215M | $230M | $225M | $222M | $220M | $226M | $231M | · | $242M | $245M | $249M | · | $320M | |
| Other Non-current Liabilities | $57M | $55M | $55M | $56M | $61M | $60M | $61M | $99M | $98M | $99M | · | $97M | $134M | $141M | · | $142M | |
| Total Liabilities | $7.22B | $7.16B | $7.22B | $7.22B | $7.17B | $7.41B | $8.44B | $8.24B | $8.13B | $8.11B | · | $8.31B | $8.25B | $8.28B | · | $8.36B | |
| Long-term Debt | $5.11B | $5.11B | $5.10B | $5.10B | $5.07B | $5.29B | $5.66B | $5.66B | $5.65B | $5.65B | · | $5.63B | $5.59B | $5.59B | · | $5.59B | |
| Total Debt | $5.11B | $5.11B | · | $5.10B | $5.07B | $5.29B | · | $5.66B | $5.65B | $5.65B | · | $5.63B | $5.59B | $5.59B | · | $5.59B | |
| Common Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | |
| Paid-in Capital | $3.62B | $3.62B | $3.61B | $3.61B | $3.60B | $3.60B | $3.59B | $3.58B | $3.58B | $3.57B | · | $3.56B | $3.55B | $3.55B | · | $3.54B | |
| Retained Earnings | $-6.99B | $-6.99B | $-6.94B | $-6.95B | $-6.89B | $-6.90B | $-6.96B | $-6.94B | $-6.91B | $-6.87B | · | $-6.81B | $-6.54B | $-6.50B | · | $-6.57B | |
| Treasury Stock | $38M | $31M | $31M | $31M | $31M | $29M | $28M | $28M | $28M | $24M | · | $24M | $23M | $22M | · | $19M | |
| AOCI | $-56M | $-55M | $-53M | $-98M | $-98M | $-106M | $-258M | $-227M | $-244M | $-239M | · | $-408M | $-409M | $-372M | · | $-342M | |
| Stockholders' Equity | $-3.46B | $-3.44B | $-3.39B | $-3.46B | $-3.40B | $-3.42B | $-3.64B | $-3.60B | $-3.59B | $-3.55B | $-3.45B | $-3.66B | $-3.41B | $-3.33B | $-3.26B | $-3.37B | |
| Liabilities + Equity | $3.76B | $3.72B | $3.83B | $3.76B | $3.77B | $3.99B | $4.80B | $4.64B | $4.54B | $4.56B | · | $4.65B | $4.84B | $4.95B | · | $4.99B |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $41M | $42M | $45M | $44M | $43M | $43M | $43M | $46M | $43M | $42M | $10M | $46M | $54M | $53M | $3M | $50M | |
| Stock-based Comp | $8M | $6M | $6M | $6M | $7M | $5M | $7M | $7M | $8M | $5M | $5M | $5M | $6M | $4M | $4M | $5M | |
| Deferred Tax | $-727.0K | $-10M | $13M | $-13M | $3M | $-36.0K | $175.0K | $-6M | $-6M | $-321.0K | $-10M | $-3M | $-4M | $-11M | $-88M | $-22M | |
| Other Non-cash | · | $14M | · | · | · | $-96M | · | · | · | $-5M | · | · | · | $-37M | · | · | |
| Operating Cash Flow | $45M | $3M | $56M | $56M | $-13M | $15M | $29M | $54M | $31M | $-35M | $33M | $53M | $-65M | $11M | $26M | $95M | |
| CapEx | $19M | $16M | $26M | $15M | $17M | $26M | $57M | $33M | $26M | $26M | $54M | $37M | $37M | $38M | $60M | $43M | |
| Investing Cash Flow | $-17M | $-17M | $-22M | $-12M | $-35M | $592M | $-64M | $-41M | $-23M | $-27M | $-97M | $-36M | $-36M | $49M | $-66M | $-70M | |
| Debt Issued | · | · | $0 | $2.05B | $0 | $0 | $0 | $0 | $0 | $1.66B | $0 | $750M | $0 | $0 | $0 | $0 | |
| Net Debt Issued | · | $-71.0K | · | · | · | $-375M | · | · | · | $22M | · | · | · | $-6M | · | · | |
| Financing Cash Flow | $-21M | $-325.0K | $-980.0K | $-12M | $-209M | $-377M | $-634.0K | $-2M | $-11M | $5M | $-1M | $66M | $-10M | $-9M | $-6M | $-6M | |
| Net Change in Cash | $6M | $-15M | $34M | $32M | $-255M | $234M | $-38M | $13M | $-5M | $-58M | $-64M | $81M | $-107M | $52M | $-39M | $13M | |
| Free Cash Flow | · | $-13M | · | · | · | $-11M | · | · | · | $-61M | · | · | · | $-28M | · | · | |
| Levered FCF | · | $-96M | · | · | · | $-112M | · | · | · | $-169M | · | · | · | $-159M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.3% | 10.6% | · | 19.9% | 19.2% | 13.5% | · | 12.9% | 10.2% | 6.7% | · | 13.2% | 8.6% | 12.1% | · | 10.1% | |
| Net Margin | -1.2% | -13.0% | · | -14.8% | 2.4% | 18.7% | · | -5.8% | -7.0% | -18.6% | · | -50.0% | -5.9% | -6.4% | · | -6.6% | |
| Pretax Margin | -2.2% | -15.6% | · | -15.8% | 2.7% | -16.2% | · | -6.3% | -9.1% | -18.4% | · | -9.7% | -6.0% | -5.1% | · | -9.9% | |
| EBITDA Margin | 29.8% | 21.7% | · | 30.7% | 30.0% | 26.3% | · | 23.2% | 19.8% | 18.0% | · | 24.1% | 19.7% | 25.5% | · | 19.7% | |
| ROA | -0.14% | -1.3% | · | -1.4% | 0.23% | 1.5% | · | -0.70% | -0.83% | -1.9% | · | -5.5% | -0.75% | -0.69% | · | -0.77% | |
| ROE | 0.16% | 1.4% | · | 1.7% | -0.27% | -1.8% | · | 0.90% | 1.1% | 2.6% | · | 7.5% | 1.1% | 1.1% | · | 1.2% | |
| ROIC | 5.6% | 2.0% | · | 3.8% | 2.7% | 2.5% | · | 3.1% | 2.6% | 1.5% | · | 3.5% | 2.4% | 3.8% | · | 1.8% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | · | 1.1 | 1.2 | 1.4 | · | 1.0 | 1.0 | 1.0 | · | 0.8 | 0.9 | 1.0 | · | 0.9 | |
| Quick Ratio | 0.9 | 0.9 | · | 0.8 | 0.8 | 1.1 | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.8 | 0.8 | · | 0.9 | |
| Debt / Equity | -1.5 | -1.5 | · | -1.5 | -1.5 | -1.5 | · | -1.6 | -1.6 | -1.6 | · | -1.5 | -1.6 | -1.7 | · | -1.7 | |
| LT Debt / Equity | -1.5 | -1.5 | · | -1.5 | -1.5 | -1.5 | · | -1.6 | -1.6 | -1.6 | · | -1.5 | -1.6 | -1.7 | · | -1.7 | |
| Interest Coverage | 0.9 | 0.4 | · | 0.8 | 0.8 | 0.5 | · | 0.7 | 0.5 | 0.3 | · | 0.6 | 0.5 | 0.6 | · | 0.7 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.3 | 1.2 | · | 1.0 | 1.0 | 0.9 | · | 1.2 | 1.1 | 1.0 | · | 1.1 | 1.1 | 1.0 | · | 1.1 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.62B | $1.52B | · | $1.57B | $1.54B | $1.51B | · | $1.49B | $1.48B | $1.47B | · | $1.58B | $1.72B | $1.87B | · | $2.05B | |
| Net Income TTM | $-104M | $-37M | · | $-6M | $22M | $-27M | · | $-137M | $-368M | $-366M | · | $-237M | $-13M | $-42M | · | $-236M | |
| P/E | -11.5 | -33.9 | · | -158.0 | 29.2 | -18.5 | · | -5.5 | -1.8 | -2.1 | · | -3.2 | -45.7 | -13.3 | · | -2.7 | |
| Earnings Yield | -8.7% | -2.9% | · | -0.63% | 3.4% | -5.4% | · | -18.1% | -54.6% | -46.7% | · | -31.6% | -2.2% | -7.5% | · | -36.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.60B | $1.51B | $1.43B | $1.38B | $1.77B |
| Operating Margin % | — | 18.6% | 11.1% | 9.3% | -0.72% |
| Net Income | $20M | $-179M | $-311M | $-97M | $-434M |
| Diluted EPS | $0.04 | $-0.37 | $-0.65 | $-0.20 | $-0.93 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | -1.6 | -1.6 | -1.7 | -1.8 |
| Current Ratio | — | 1.3 | 1.1 | 1.0 | 1.0 |
| Quick Ratio | — | 0.4 | 0.9 | 0.8 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-63M | $-135M | $-45M | $-282M |
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Institutional owners (13F) 211 filers · $755.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 41 (-9 vs prior Q) | 43 (+11 vs prior Q) | 50 (-6 vs prior Q) | 47 (-2 vs prior Q) | +6.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Allianz Asset Management GmbH | $253,428,544 | 104,722,539 | 33.53% | Shares |
| ARES MANAGEMENT LLC | $99,697,928 | 41,197,491 | 13.19% | Shares |
| FIL Ltd | $49,269,603 | 20,359,340 | 6.52% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $30,749,217 | 12,706,288 | 4.07% | Shares |
| NEXPOINT ASSET MANAGEMENT, L.P. | $24,335,084 | 10,055,820 | 3.22% | Shares |
| MASON CAPITAL MANAGEMENT LLC | $23,784,730 | 9,828,401 | 3.15% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $21,378,945 | 8,832,270 | 2.83% | Shares |
| GAMCO INVESTORS, INC. ET AL | $21,145,413 | 8,737,774 | 2.80% | Shares |
| STATE STREET CORP | $15,543,539 | 6,422,950 | 2.06% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12,794,821 | 5,287,116 | 1.69% | Shares |
| Woodline Partners LP | $10,157,466 | 4,197,300 | 1.34% | Shares |
| AQR Arbitrage LLC | $9,328,057 | 3,854,569 | 1.23% | Shares |
| ODDO BHF ASSET MANAGEMENT SAS | $9,008,307 | 3,722,441 | 1.19% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $8,422,367 | 3,480,317 | 1.11% | Shares |
| GOLDMAN SACHS GROUP INC | $8,234,065 | 3,402,506 | 1.09% | Shares |
| Man Group plc | $7,854,814 | 3,245,791 | 1.04% | Shares |
| D. E. Shaw & Co., Inc. | $7,529,733 | 3,111,460 | 1.00% | Shares |
| GABELLI FUNDS LLC | $7,258,396 | 2,999,337 | 0.96% | Shares |
| Sagefield Capital LP | $6,427,854 | 2,656,138 | 0.85% | Shares |
| GARDNER LEWIS ASSET MANAGEMENT L P | $6,132,972 | 2,534,286 | 0.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,086,458 | 2,101,842 | 0.67% | Shares |
| WHITEBOX ADVISORS LLC | $4,849,281 | 2,003,835 | 0.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,615,393 | 1,907,187 | 0.61% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $4,572,186 | 1,889,333 | 0.60% | Shares |
| New York Life Investment Management LLC | $4,297,477 | 1,775,817 | 0.57% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $4,206,129 | 1,738,070 | 0.56% | Shares |
| ALPINE ASSOCIATES MANAGEMENT INC. | $3,611,611 | 1,492,401 | 0.48% | Shares |
| Qube Research & Technologies Ltd | $3,464,934 | 1,431,791 | 0.46% | Shares |
| BARDIN HILL MANAGEMENT PARTNERS LP | $3,297,010 | 2,086,715 | 0.44% | Shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | $3,265,730 | 1,349,475 | 0.43% | Shares |
| Voleon Capital Management LP | $3,115,726 | 1,287,490 | 0.41% | Shares |
| Groupe la Francaise | $3,014,498 | 1,271,940 | 0.40% | Shares |
| LMR Partners LLP | $2,698,774 | 1,115,196 | 0.36% | Shares |
| Cove Street Capital, LLC | $2,595,256 | 1,642,567 | 0.34% | Shares |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. | $2,527,102 | 1,044,257 | 0.33% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $2,526,836 | 1,044,147 | 0.33% | Shares |
| Man Investment Partners (US) LP | $2,524,926 | 1,043,358 | 0.33% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,430,108 | 1,004,177 | 0.32% | Shares |
| Verition Fund Management LLC | $2,420,000 | 1,000,000 | 0.32% | Shares |
| OMERS ADMINISTRATION Corp | $2,329,976 | 962,800 | 0.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $2,003,888 | 828,053 | 0.27% | Shares |
| FMR LLC | $1,981,075 | 818,626 | 0.26% | Shares |
| Alberta Investment Management Corp | $1,936,000 | 800,000 | 0.26% | Shares |
| Schonfeld Strategic Advisors LLC | $1,908,094 | 788,469 | 0.25% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,907,187 | 788,094 | 0.25% | Shares |
| GABELLI & Co INVESTMENT ADVISERS, INC. | $1,839,878 | 760,280 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $1,784,651 | 737,459 | 0.24% | Shares |
| US BANCORP \DE\ | $1,733,318 | 716,247 | 0.23% | Shares |
| VARCOV Co. | $1,725,932 | 713,195 | 0.23% | Shares |
| AlTi Global, Inc. | $1,527,900 | 15,000 | 0.20% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,418,793 | 586,278 | 0.19% | Shares |
| Balyasny Asset Management L.P. | $1,383,824 | 571,828 | 0.18% | Shares |
| WATER ISLAND CAPITAL LLC | $1,229,012 | 507,856 | 0.16% | Shares |
| CIBC Bancorp USA Inc. | $1,210,000 | 500,000 | 0.16% | Shares |
| Swiss National Bank | $1,185,800 | 490,000 | 0.16% | Shares |
| UBS Group AG | $1,125,043 | 464,894 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $1,064,401 | 439,837 | 0.14% | Shares |
| XTX Topco Ltd | $1,019,277 | 421,189 | 0.13% | Shares |
| Quinn Opportunity Partners LLC | $968,000 | 400,000 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $967,671 | 408,300 | 0.13% | Shares |
| DEUTSCHE BANK AG\ | $949,518 | 392,363 | 0.13% | Shares |
| Bank of New York Mellon Corp | $939,662 | 388,290 | 0.12% | Shares |
| BANK OF AMERICA CORP /DE/ | $933,689 | 385,822 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $839,244 | 346,795 | 0.11% | Shares |
| Focus Partners Wealth | $813,819 | 336,289 | 0.11% | Shares |
| WELLS FARGO & COMPANY/MN | $793,075 | 327,717 | 0.10% | Shares |
| CIBC Private Wealth Group LLC | $790,000 | 500,000 | 0.10% | Shares |
| Point72 Asset Management, L.P. | $735,305 | 303,845 | 0.10% | Shares |
| TWO SIGMA ADVISERS, LP | $708,780 | 320,715 | 0.09% | Shares |
| ARISTEIA CAPITAL, L.L.C. | $701,014 | 289,675 | 0.09% | Shares |
| PenderFund Capital Management Ltd. | $602,815 | 249,097 | 0.08% | Shares |
| Catalyst Funds Management Pty Ltd | $601,130 | 248,401 | 0.08% | Shares |
| Net Worth Advisory Group | $590,151 | 243,864 | 0.08% | Shares |
| BlackRock, Inc. | $564,770 | 233,376 | 0.07% | Shares |
| MetLife Investment Management, LLC | $555,107 | 229,383 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $522,272 | 220,368 | 0.07% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $484,000 | 200,000 | 0.06% | Shares |
| CITIGROUP INC | $467,343 | 193,117 | 0.06% | Shares |
| Cubist Systematic Strategies, LLC | $455,173 | 288,084 | 0.06% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $444,430 | 281,285 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $434,211 | 179,426 | 0.06% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $418,957 | 176,775 | 0.06% | Shares |
| Centiva Capital, LP | $411,400 | 170,000 | 0.05% | Shares |
| Invesco Ltd. | $377,639 | 156,049 | 0.05% | Shares |
| Capital World Investors | $369,841 | 152,827 | 0.05% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $362,107 | 149,631 | 0.05% | Shares |
| BARCLAYS PLC | $342,954 | 141,716 | 0.05% | Shares |
| JANUS HENDERSON GROUP PLC | $342,282 | 144,728 | 0.05% | Shares |
| ALGERT GLOBAL LLC | $335,654 | 138,700 | 0.04% | Shares |
| SEI INVESTMENTS CO | $320,185 | 132,308 | 0.04% | Shares |
| Nuveen, LLC | $320,185 | 132,308 | 0.04% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $314,675 | 130,031 | 0.04% | Shares |
| MORGAN STANLEY | $309,770 | 128,004 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $298,321 | 123,273 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $279,297 | 115,412 | 0.04% | Shares |
| VANGUARD GROUP INC | $272,433 | 123,273 | 0.04% | Shares |
| PPM AMERICA INC/IL | $272,219 | 112,487 | 0.04% | Shares |
| Kintayl Capital LP | $271,006 | 111,986 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $259,913 | 107,402 | 0.03% | Shares |
| Murchinson Ltd. | $243,936 | 100,800 | 0.03% | Shares |
Company insiders 47 insiders · 18 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Scott Wells | Chief Executive Officer | April 29, 2026 A | 6,042,485 | 0 | 0 | $0 |
| Robert W Pittman | Chief Executive Officer | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Mark P Mays | Chief Executive Officer | May 23, 2010 F | 15,565 | 0 | 0 | $0 |
| David Sailer | Executive Vice President, Chief Financial Officer | April 29, 2026 A | 1,522,857 | 0 | 0 | $0 |
| Brian D. Coleman | Executive Vice President and Chief Financial Officer | May 22, 2023 F | 1,682,295 | 0 | 0 | $0 |
| Richard J Bressler | Chief Financial Officer | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Thomas W Casey | Mr. Casey's title is Executive Vice President and Chief Financial Officer. Exhibit 24.0 Power of Attorney | May 10, 2012 A | 253,164 | 0 | 0 | $0 |
| Chester W. Kwasniak | EVP and CFO-Americas | Feb. 24, 2010 A | — | 0 | 0 | $0 |
| Suzanne M Grimes | Ms. Grimes' title is President & Chief Operating Officer - United States and Canada. | April 4, 2014 A | 213,675 | 0 | 0 | $0 |
| Jonathan David Bevan | Mr. Bevan's title is President, Europe and Australia/NZ and Managing Director, Global Strategy & Development. | April 4, 2014 A | 52,643 | 0 | 0 | $0 |
| Joe W Bagan | COO - Americas | July 21, 2010 A | — | 0 | 0 | $0 |
| Robert Mccuin | EVP, Chief Revenue Officer | April 29, 2026 A | 1,027,201 | 0 | 0 | $0 |
| Jason Dilger | Chief Accounting Officer | April 29, 2026 A | 842,710 | 0 | 0 | $0 |
| Lynn Feldman | Executive Vice President, Chief Legal and Administrative Officer | April 29, 2026 A | 1,981,306 | 0 | 0 | $0 |
| Robert H Walls JR | Mr. Walls' title was Executive Vice President, General Counsel and Secretary. | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Franklin Gay Sisson Jr | Chief Revenue Officer-Americas | June 12, 2013 S | 75,676 | 0 | 0 | $0 |
| Ronald Cooper | Please see General Remark | Jan. 20, 2012 D | 47,626 | 0 | 0 | $0 |
| David Meldrum Clark | EVP, GC-Americas & Asst. Secy | May 23, 2010 F | 501 | 0 | 0 | $0 |
| Timothy Peter Jones | Director | Feb. 18, 2026 A | 190,030 | 0 | 0 | $0 |
| Thomas C. King | Director | Feb. 18, 2026 A | 901,060 | 0 | 0 | $0 |
| Jinhy Yoon | Director | Feb. 18, 2026 A | 205,485 | 0 | 0 | $0 |
| Lisa Hammitt | Director | Feb. 18, 2026 A | 499,687 | 0 | 0 | $0 |
| Joe Marchese | Director | Feb. 18, 2026 A | 906,807 | 0 | 0 | $0 |
| John D. Dionne | Director | Feb. 18, 2026 A | 785,173 | 0 | 0 | $0 |
| Andrew W Hobson | Director | Feb. 18, 2026 A | 878,700 | 0 | 0 | $0 |
| Benjamin W Moreland | Director | Feb. 18, 2026 A | 2,625,883 | 0 | 0 | $0 |
| Mary Teresa Rainey | Director | Feb. 15, 2024 A | 401,685 | 0 | 0 | $0 |
| Paul Keglevic | Director | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Harvey L Tepner | Director | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Dale W Tremblay | Director | May 1, 2019 D | 0 | 0 | 0 | $0 |
| Chris Temple | Director | May 10, 2017 A | 47,552 | 0 | 0 | $0 |
| Thomas R Shepherd | Director | June 24, 2015 A | 25,401 | 0 | 0 | $0 |
| Marsha Mccombs Shields | Director | March 1, 2011 A | 6,250 | 0 | 0 | $0 |
| James M Raines | Director | Feb. 24, 2010 A | 2,124 | 0 | 0 | $0 |
| Arturo R. Moreno | 10% owner | Aug. 4, 2025 P | 67,612,859 | 0 | 0 | $0 |
| Pacific Investment Management Company LLC | 10% owner | July 30, 2024 S | 104,812,998 | 0 | 0 | $0 |
| CC FINCO, LLC | 10% owner | April 24, 2019 J | 0 | 0 | 0 | $0 |
| BROADER MEDIA, LLC | 10% owner | April 24, 2019 J | — | 0 | 0 | $0 |
| Justin Cochrane | — | March 31, 2025 F | 1,086,841 | 0 | 0 | $0 |
| Christopher William Eccleshare | — | Dec. 31, 2022 M | 1,574,295 | 0 | 0 | $0 |
| Douglas L Jacobs | — | July 21, 2017 A | 77,791 | 0 | 0 | $0 |
| Laura Christine Toncheff | — | May 23, 2009 F | 26,143 | 0 | 0 | $0 |
| Paul J Meyer | — | Feb. 6, 2009 A | 40,000 | 0 | 0 | $0 |
| Kurt A Tingey | — | May 23, 2008 F | 16,039 | 0 | 0 | $0 |
| Douglas W Parker | — | May 16, 2008 A | 6,250 | 0 | 0 | $0 |
| Randall Thomas Mays | — | May 23, 2007 A | 16,667 | 0 | 0 | $0 |
| Coline Mcconville | — | Sept. 27, 2006 M | 5,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 8 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Legion Partners, L.P. I, Legion Partners, L.P. II, Legion Partners Special Opportunities, L.P. XVI, Legion Partners, LLC, Legion Partners Asset Management, LLC, Legion Partners Holdings, LLC, Kiper Christopher S, White Raymond T. ×6 filings | June 11, 2026 | 0.60% | Amendment | — | SEC |
| Ares Management LLC, ASSF IV AIV B Holdings III, L.P., ASSF IV AIV B, L.P., ASSF Operating Manager IV, L.P., ASOF Holdings I, L.P., ASOF II HOLDINGS I, L.P., ASOF II A (DE) HOLDINGS I, L.P., ASOF Investment Management LLC, ACOF VI Holdings, L.P., ACOF Investment Management LLC, Ares Management Holdings L.P., Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC, Ares Partners Holdco LLC ×2 filings | Feb. 11, 2026 | 8.30% | Amendment | M&A / sale | SEC |
| Pacific Investment Management Company LLC ×6 filings | Feb. 11, 2026 | 21.10% | Amendment | M&A / sale | SEC |
| Arturo R. Moreno ×13 filings | Feb. 11, 2026 | 13.60% | Amendment | — | SEC |
| ASSF IV AIV B Holdings III, L.P., ASSF IV AIV B, L.P., ASSF Operating Manager IV, L.P., ASOF Holdings I, L.P., ASOF II HOLDINGS I, L.P., ASOF II A (DE) HOLDINGS I, L.P., ASOF Investment Management LLC, ACOF VI Holdings, L.P., ACOF Investment Management LLC, Ares Management LLC, Ares Management Holdings L.P., Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC, Ares Partners Holdco LLC ×9 filings | Jan. 26, 2023 | — | Initial filing | — | SEC |
| iHeartMedia, Inc. (2), iHeartMedia Capital II, LLC (2), iHeartMedia Capital I, LLC (2), iHeartCommunications, Inc. (2) ×10 filings | July 23, 2019 | — | Initial filing | — | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., MJG Associates, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×7 filings | July 9, 2019 | — | Initial filing | — | SEC |
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., MJG-IV Limited Partnership I.D. No ., Gabelli Securities, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Mario J. Gabelli ×6 filings | March 12, 2012 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 48 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSBA · Tidal Trust II | 7.24% | 1,585,262 NS | April 30, 2026 | N-PORT |
| MARB · First Trust Exchange-Traded Fund III | 3.29% | 343,653 NS | April 30, 2026 | N-PORT |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 1.67% | 11,715,000 | Aug. 8, 2026 | Daily |
| MNA · New York Life Investments ETF Trust | 1.66% | 1,719,204 NS | April 30, 2026 | N-PORT |
| EWC · iShares, Inc. | 1.30% | 886,977 SH | Aug. 8, 2026 | Daily |
| ARB · AltShares Trust | 1.20% | 513,930 NS | May 31, 2026 | N-PORT |
| IXC · iShares Trust | 1.15% | 326,156 SH | Aug. 8, 2026 | Daily |
| IDMO · Invesco Exchange-Traded Fund Trust … | 0.60% | 261,112 SH | Aug. 8, 2026 | Daily |
| IMTM · iShares Trust | 0.34% | 154,783 SH | Aug. 8, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.17% | 6,341 SH | Aug. 8, 2026 | Daily |
| PABD · iShares Trust | 0.16% | 5,896 SH | Aug. 8, 2026 | Daily |
| IDEV · iShares Trust | 0.14% | 478,065 SH | Aug. 8, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.13% | 4,246,586 SH | Aug. 8, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.11% | 1,016,169 SH | Aug. 8, 2026 | Daily |
| ACWX · iShares Trust | 0.11% | 136,891 SH | Aug. 8, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.10% | 6,385,948 SH | Aug. 8, 2026 | Daily |
| IXUS · iShares Trust | 0.10% | 606,580 SH | Aug. 8, 2026 | Daily |
| CRBN · iShares Trust | 0.08% | 10,403 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.06% | 3,649,809 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 340,074 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.06% | 2,180,814 NS | May 31, 2026 | N-PORT |
| NEAR · iShares U.S. ETF Trust | 0.05% | 2,401,000 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 564,770 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.05% | 250,836 NS | April 30, 2026 | N-PORT |
| TOK · iShares Trust | 0.05% | 1,239 SH | Aug. 8, 2026 | Daily |
| URTH · iShares, Inc. | 0.04% | 39,712 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 366,140 SH | Aug. 8, 2026 | Daily |
| ACWI · iShares Trust | 0.04% | 135,517 SH | Aug. 8, 2026 | Daily |
| FCOM · FIDELITY COVINGTON TRUST | 0.04% | 267,285 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 2,250,168 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 10,063,476 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.03% | 857,253 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 327,733 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.02% | 57,617 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 1,545,734 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 3,654,734 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.01% | 10,656 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 10,367 SH | Aug. 8, 2026 | Daily |
| PXF · Invesco Exchange-Traded Fund Trust … | 0.01% | 2,505 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 20,774 SH | Aug. 8, 2026 | Daily |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 24,496 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 104,238 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.00% | 1,471 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 538,757 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 232,123 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 103,726 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 8,781,138 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 32,822 SH | Aug. 8, 2026 | Daily |