Boston Omaha Corporation (BOC) 10-Year Financial Performance & Capital Metrics

BOC • • Industrial / General

Communication ServicesAdvertising & MarketingOut-of-Home AdvertisingOutdoor & Transit Advertising

AboutBoston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities. As of March 25, 2022, it operated approximately 3,900 billboards containing approximately 7,400 advertising faces of which 80 are digital displays. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.Show more

Revenue $108M +12.5%
EBITDA $19M +18.3%
Net Income -$1M +81.5%
EPS (Diluted) -0.04 +82.2%
Gross Margin 68.28% +2.1%
EBITDA Margin 17.94% +5.2%
Operating Margin -7.82% +15.0%
Net Margin -1.19% +83.6%
ROE -0.22% +82.1%
ROIC -0.96% +7.3%
Debt/Equity 0.18 +23.1%
Interest Coverage -5.30 +31.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 21.2%
✓Healthy 5Y average net margin of 19.3%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y118.39%

5Y21.21%

3Y23.87%

TTM7.22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM97.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM98.41%

ROCE

10Y Avg-3.97%

5Y Avg-1.55%

3Y Avg-1.1%

Latest-1.22%

Peer Comparison

Outdoor & Transit Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCOClear Channel Outdoor Holdings, Inc.	1.04B	2.09	-5.65	4.95%	-0.38%
BOCBoston Omaha Corporation	384.98M	12.47	-304.15	12.49%	-0.21%	-0.04%		0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	722.91K	3.84M	9.01M	20.02M	41.39M	45.74M	56.97M	81.23M	96.25M	108.27M
Revenue Growth %	15.48%	4.32%	1.34%	1.22%	1.07%	0.11%	0.25%	0.43%	0.18%	0.12%
Cost of Goods Sold+	229.51K	1.27M	3.43M	7.59M	17.61M	18.51M	18.59M	26.69M	31.9M	34.34M
COGS % of Revenue	0.32%	0.33%	0.38%	0.38%	0.43%	0.4%	0.33%	0.33%	0.33%	0.32%
Gross Profit+	493.4K	2.58M	5.58M	12.43M	23.78M	27.23M	38.38M	54.54M	64.35M	73.93M
Gross Margin %	0.68%	0.67%	0.62%	0.62%	0.57%	0.6%	0.67%	0.67%	0.67%	0.68%
Gross Profit Growth %	10.25%	4.22%	1.17%	1.23%	0.91%	0.15%	0.41%	0.42%	0.18%	0.15%
Operating Expenses+	1.59M	5.72M	12.36M	24.41M	36.19M	32.23M	62.15M	59.77M	73.21M	82.4M
OpEx % of Revenue	2.2%	1.49%	1.37%	1.22%	0.87%	0.7%	1.09%	0.74%	0.76%	0.76%
Selling, General & Admin	1.13M	3.79M	8.49M	16.29M	21.96M	24.2M	51.71M	44.51M	53.34M	59.28M
SG&A % of Revenue	1.57%	0.99%	0.94%	0.81%	0.53%	0.53%	0.91%	0.55%	0.55%	0.55%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	699.34K	1.93M	3.9M	8.41M	14.23M	8.03M	10.44M	15.27M	19.87M	23.12M
Operating Income+	-1.11M	-3.14M	-6.77M	-12.26M	-12.41M	-4.99M	-23.77M	-5.23M	-8.85M	-8.47M
Operating Margin %	-1.53%	-0.82%	-0.75%	-0.61%	-0.3%	-0.11%	-0.42%	-0.06%	-0.09%	-0.08%
Operating Income Growth %	-47.47%	-1.83%	-1.16%	-0.81%	-0.01%	0.6%	-3.76%	0.78%	-0.69%	0.04%
EBITDA+	-649.2K	-1.5M	-3.42M	-4.13M	4.92M	6.81M	-9.08M	15.41M	16.42M	19.42M
EBITDA Margin %	-0.9%	-0.39%	-0.38%	-0.21%	0.12%	0.15%	-0.16%	0.19%	0.17%	0.18%
EBITDA Growth %	-	-1.31%	-1.28%	-0.21%	2.19%	0.38%	-2.33%	2.7%	0.07%	0.18%
D&A (Non-Cash Add-back)	457.8K	1.64M	3.35M	8.13M	17.33M	11.81M	14.69M	20.64M	25.27M	27.89M
EBIT	-1.02M	-3.17M	-6.48M	-9.16M	-1.18M	-1.59M	74.13M	9.08M	-8M	4.69M
Net Interest Income+	-22.51K	-7.8K	87.52K	1.95M	2.9M	819.85K	-279.43K	-773K	1.46M	-212K
Interest Income	0	0	95.78K	1.95M	3.2M	1.66M	676.62K	434.94K	2.61M	1.39M
Interest Expense	22.51K	7.8K	8.26K	1.8K	302.75K	841.83K	956.05K	1.21M	1.15M	1.6M
Other Income/Expense	59.45K	-35.06K	293.48K	3.1M	10.93M	2.57M	96.94M	13.1M	-294.06K	11.56M
Pretax Income+	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	73.17M	7.87M	-9.15M	3.1M
Pretax Margin %	-1.45%	-0.83%	-0.72%	-0.46%	-0.04%	-0.05%	1.28%	0.1%	-0.1%	0.03%
Income Tax+	0	0	0	0	0	0	17.69M	-2.5M	-2.98M	-274.82K
Effective Tax Rate %	1%	1%	1%	1%	1%	0.02%	0.72%	1.3%	0.77%	-0.42%
Net Income+	-1.05M	-3.17M	-6.47M	-9.11M	-1.49M	-49.09K	52.75M	10.23M	-7M	-1.29M
Net Margin %	-1.45%	-0.83%	-0.72%	-0.46%	-0.04%	-0%	0.93%	0.13%	-0.07%	-0.01%
Net Income Growth %	-14.68%	-2.03%	-1.04%	-0.41%	0.84%	0.97%	1075.54%	-0.81%	-1.68%	0.82%
Net Income (Continuing)	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	55.48M	10.38M	-6.17M	3.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.23M	1.35M	1.73M	145.03M	144.27M	23.12M	78.24M	29.9M
EPS (Diluted)+	-0.99	-0.53	-0.60	-0.46	-0.07	-0.00	1.82	0.34	-0.23	-0.04
EPS Growth %	-2.96%	0.46%	-0.13%	0.23%	0.85%	0.97%	-	-0.81%	-1.68%	0.82%
EPS (Basic)	-0.99	-0.53	-0.60	-0.46	-0.07	-0.00	1.82	0.34	-0.23	-0.04
Diluted Shares Outstanding	1.06M	6.04M	10.82M	19.93M	22.78M	25.68M	29.05M	29.77M	31.09M	31.5M
Basic Shares Outstanding	1.06M	6.04M	10.82M	19.93M	22.78M	25.68M	28.98M	30.1M	30.45M	31.5M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.54M	32.32M	93.84M	118.56M	162.16M	329.05M	390.71M	113.96M	131.39M	117.45M
Cash & Short-Term Investments	13.19M	30.72M	91.6M	110.2M	154.24M	292.52M	235.4M	74.07M	96.02M	86.61M
Cash Only	13.19M	29.56M	6.84M	17.11M	16.37M	44.95M	72.51M	25.49M	21.95M	28.29M
Short-Term Investments	0	1.16M	84.76M	93.1M	137.86M	247.57M	162.89M	48.58M	74.08M	58.32M
Accounts Receivable	276.75K	783.07K	1.1M	4.5M	4.65M	24.33M	4.5M	6.03M	12.33M	12.52M
Days Sales Outstanding	139.73	74.35	44.37	82	40.98	194.12	28.84	27.08	46.74	42.2
Inventory	0	0	-83.1M	0	0	0	-87.54M	-42.29M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	70.48K	279.09K	392.23K	1.04M	1.86M	10.01M	235.49M	71.46M	17.47M	12.91M
Total Non-Current Assets+	10.25M	33.33M	59.64M	213.63M	274.74M	311.66M	416.34M	569.76M	636.82M	610.9M
Property, Plant & Equipment	4.24M	5.58M	9.11M	41.7M	90.08M	101.72M	137.71M	180.31M	205.67M	221.34M
Fixed Asset Turnover	0.17x	0.69x	0.99x	0.48x	0.46x	0.45x	0.41x	0.45x	0.47x	0.49x
Goodwill	4.38M	17.21M	24.69M	98.69M	106.27M	124.45M	151.34M	179.46M	182.38M	182.38M
Intangible Assets	969.26K	3.55M	9.35M	37.03M	32.27M	44.37M	45.35M	68.34M	65.53M	58.33M
Long-Term Investments	657.53K	2.16M	14.85M	32.95M	43.41M	40.36M	80.98M	144.36M	181.35M	146.52M
Other Non-Current Assets	0	1.88M	1.63M	1.85M	2.71M	757.88K	156.35K	-26.59M	1.89M	2.33M
Total Assets+	23.79M	65.65M	153.48M	332.19M	436.91M	640.71M	807.05M	683.72M	768.21M	728.35M
Asset Turnover	0.03x	0.06x	0.06x	0.06x	0.09x	0.07x	0.07x	0.12x	0.13x	0.15x
Asset Growth %	487.17%	1.76%	1.34%	1.16%	0.32%	0.47%	0.26%	-0.15%	0.12%	-0.05%
Total Current Liabilities+	289.98K	3.21M	5.03M	12.44M	21.68M	33.87M	54.03M	52.98M	51.39M	54.91M
Accounts Payable	155.39K	465.9K	2.08M	3.55M	5.68M	6.83M	25.27M	10.96M	18.44M	22.25M
Days Payables Outstanding	247.13	134.32	221.09	170.78	117.62	134.59	496.14	149.94	210.97	236.5
Short-Term Debt	100K	0	0	0	4.31M	5.64M	1.49M	1.55M	814.67K	1.2M
Deferred Revenue (Current)	30.2K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	1.64M	1.55M	2.97M	2.27M	15.54M	563.59K	30.78M	15.34M	9.97M
Current Ratio	46.68x	10.08x	18.65x	9.53x	7.48x	9.71x	7.23x	2.15x	2.56x	2.14x
Quick Ratio	46.68x	10.08x	35.17x	9.53x	7.48x	9.71x	8.85x	2.95x	2.56x	2.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	285.6K	255.5K	57K	3.2M	68.26M	80.24M	112.43M	104.09M	100.37M	110.71M
Long-Term Debt	0	0	0	0	17.56M	21.78M	28.51M	26.95M	26.52M	38.36M
Capital Lease Obligations	0	0	0	0	48.2M	47.58M	56.03M	59.28M	56.44M	54.99M
Deferred Tax Liabilities	0	129K	57K	57K	57K	57K	17.75M	13.95M	12.11M	11.93M
Other Non-Current Liabilities	0	126.5K	0	3.14M	2.44M	10.83M	10.14M	3.91M	5.3M	5.43M
Total Liabilities	289.98K	3.46M	5.09M	15.63M	89.94M	114.11M	166.46M	157.07M	151.75M	165.63M
Total Debt+	100K	0	0	0	70.06M	74.99M	90.61M	92.98M	88.86M	99.89M
Net Debt	-13.09M	-29.56M	-6.84M	-17.11M	53.69M	30.05M	18.1M	67.49M	66.91M	71.6M
Debt / Equity	0.00x	-	-	-	0.20x	0.14x	0.14x	0.18x	0.14x	0.18x
Debt / EBITDA	-	-	-	-	14.25x	11.01x	-	6.03x	5.41x	5.14x
Net Debt / EBITDA	-	-	-	-	10.92x	4.41x	-	4.38x	4.08x	3.69x
Interest Coverage	-49.18x	-402.41x	-820.47x	-6794.90x	-41.00x	-5.93x	-24.86x	-4.33x	-7.72x	-5.30x
Total Equity+	23.5M	62.19M	148.39M	316.56M	346.97M	526.59M	640.6M	526.65M	616.45M	562.72M
Equity Growth %	51.27%	1.65%	1.39%	1.13%	0.1%	0.52%	0.22%	-0.18%	0.17%	-0.09%
Book Value per Share	22.25	10.29	13.72	15.88	15.23	20.51	22.05	17.69	19.83	17.87
Total Shareholders' Equity	23.5M	62.19M	147.15M	315.22M	345.24M	381.57M	496.33M	503.53M	538.21M	532.82M
Common Stock	2.77K	6.9K	14.36K	22.09K	23.51K	27.23K	29.7K	29.71K	31.31K	31.47K
Retained Earnings	-1.57M	-4.74M	-11.21M	-20.33M	-21.81M	-42.67M	12.44M	19.58M	15.67M	-4.75M
Treasury Stock	0	0	0	0	0	0	0	0	0	-1.59M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.23M	1.35M	1.73M	145.03M	144.27M	23.12M	78.24M	29.9M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-813.36K	-1.48M	-3.25M	38.33K	9.61M	5.17M	7.77M	-5.17M	16.06M	21.24M
Operating CF Margin %	-1.13%	-0.39%	-0.36%	0%	0.23%	0.11%	0.14%	-0.06%	0.17%	0.2%
Operating CF Growth %	-15.32%	-0.82%	-1.19%	1.01%	249.84%	-0.46%	0.5%	-1.66%	4.11%	0.32%
Net Income	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	55.48M	10.23M	-6.17M	3.37M
Depreciation & Amortization	457.8K	1.64M	3.35M	8.13M	17.33M	11.81M	14.69M	20.64M	25.27M	27.89M
Stock-Based Compensation	0	0	72K	0	0	0	0	0	0	0
Deferred Taxes	0	0	-72K	0	0	0	17.69M	-2.82M	-3.08M	-290.43K
Other Non-Cash Items	-72.45K	315.05K	303.8K	-54.16K	-6.26M	1.84M	-94.41M	-13.89M	2.36M	-12.04M
Working Capital Changes	-151.28K	-261.12K	-424.2K	1.12M	24.49K	-6.05M	14.32M	-19.34M	-2.33M	2.31M
Change in Receivables	-286.26K	8.94K	-96.26K	-2.07M	-25.98K	146.39K	191.45K	-1.58M	-6.55M	-508.99K
Change in Inventory	-50.25K	-283.9K	-161.21K	-946.94K	-1.99M	0	0	0	0	0
Change in Payables	155.02K	92.66K	-265.82K	711.44K	1.99M	0	0	-12.28M	0	0
Cash from Investing+	-10.72M	-23.9M	-110.91M	-164.76M	-60.63M	-169.4M	-45.67M	-27.41M	-64.25M	28.1M
Capital Expenditures	-124.91K	-710.97K	-2.27M	-3.12M	-2.81M	-8.57M	-21.01M	-40.06M	-51.87M	-32.2M
CapEx % of Revenue	0.17%	0.18%	0.25%	0.16%	0.07%	0.19%	0.37%	0.49%	0.54%	0.3%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	78.15K	-262.58K	-258.74K	41.94K	44.27K	-20M	20M	0	-248.27K	0
Cash from Financing+	24.72M	41.76M	91.43M	175.63M	49.24M	202.81M	64.64M	5.54M	32.94M	-47.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.16K	0	-961.95K	-1.61M	0	2.27M	-5.15M	7.08M	-3.42M	-41.43M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-938.26K	-2.19M	-5.51M	-3.08M	6.8M	-3.4M	-13.24M	-45.22M	-35.81M	-10.96M
FCF Margin %	-1.3%	-0.57%	-0.61%	-0.15%	0.16%	-0.07%	-0.23%	-0.56%	-0.37%	-0.1%
FCF Growth %	-17.82%	-1.34%	-1.51%	0.44%	3.21%	-1.5%	-2.89%	-2.42%	0.21%	0.69%
FCF per Share	-0.89	-0.36	-0.51	-0.15	0.30	-0.13	-0.46	-1.52	-1.15	-0.35
FCF Conversion (FCF/Net Income)	0.78x	0.47x	0.50x	-0.00x	-6.47x	-105.41x	0.15x	-0.50x	-2.29x	-16.44x
Interest Paid	0	0	0	0	0	823.72K	923.38K	0	1.13M	1.53M
Taxes Paid	0	0	0	0	0	0	0	0	99.65K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.09%	-7.41%	-6.14%	-3.92%	-0.45%	-0.01%	9.04%	1.75%	-1.23%	-0.22%
Return on Invested Capital (ROIC)	-15.92%	-10.94%	-5.83%	-4.17%	-2.66%	-0.78%	-2.93%	-0.63%	-1.04%	-0.96%
Gross Margin	68.25%	67.07%	61.95%	62.1%	57.45%	59.54%	67.37%	67.14%	66.86%	68.28%
Net Margin	-144.83%	-82.54%	-71.75%	-45.52%	-3.59%	-0.11%	92.59%	12.6%	-7.28%	-1.19%
Debt / Equity	0.00x	-	-	-	0.20x	0.14x	0.14x	0.18x	0.14x	0.18x
Interest Coverage	-49.18x	-402.41x	-820.47x	-6794.90x	-41.00x	-5.93x	-24.86x	-4.33x	-7.72x	-5.30x
FCF Conversion	0.78x	0.47x	0.50x	-0.00x	-6.47x	-105.41x	0.15x	-0.50x	-2.29x	-16.44x
Revenue Growth	1547.7%	431.74%	134.5%	122.11%	106.73%	10.52%	24.55%	42.59%	18.49%	12.49%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Billboard Rentals	-	-	-	-	28.26M	31.5M	39.24M	42.94M	45.15M
Billboard Rentals Growth	-	-	-	-	-	11.46%	24.59%	9.42%	5.15%
Broadband Services	-	-	-	-	3.84M	15.23M	28.63M	35.34M	39.1M
Broadband Services Growth	-	-	-	-	-	297.08%	87.91%	23.45%	10.63%
Production Services	-	-	-	-	1.37M	1.68M	2.14M	-	-
Production Services Growth	-	-	-	-	-	22.14%	27.62%	-	-
LMH	3.16M	5.27M	14.07M	28.43M	-	-	-	-	-
LMH Growth	-	66.45%	167.11%	102.13%	-	-	-	-	-
GIG	679.98K	3.75M	5.96M	12.96M	-	-	-	-	-
GIG Growth	-	451.28%	58.89%	117.59%	-	-	-	-	-
Segments Total	3.84M	-	-	-	-	-	-	-	-
Segments Total Growth	-	-	-	-	-	-	-	-	-
Unallocated	-	-	-	-	-	-	-	-	-
Unallocated Growth	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unallocated	-	-	-	-	-	-	-	-	-
Unallocated Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Boston Omaha Corporation (BOC) reported $112.6M in revenue for fiscal year 2024.

Boston Omaha Corporation (BOC) grew revenue by 12.5% over the past year. This is steady growth.

Boston Omaha Corporation (BOC) reported a net loss of $0.2M for fiscal year 2024.

Dividend & Returns

Boston Omaha Corporation (BOC) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

Boston Omaha Corporation (BOC) had negative free cash flow of $6.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Boston Omaha Corporation (BOC) 10-Year Financial Performance & Capital Metrics

BOC • • Industrial / General

Communication ServicesAdvertising & MarketingOut-of-Home AdvertisingOutdoor & Transit Advertising

Revenue $108M +12.5%
EBITDA $19M +18.3%
Net Income -$1M +81.5%
EPS (Diluted) -0.04 +82.2%
Gross Margin 68.28% +2.1%
EBITDA Margin 17.94% +5.2%
Operating Margin -7.82% +15.0%
Net Margin -1.19% +83.6%
ROE -0.22% +82.1%
ROIC -0.96% +7.3%
Debt/Equity 0.18 +23.1%
Interest Coverage -5.30 +31.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 21.2%
✓Healthy 5Y average net margin of 19.3%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y118.39%

5Y21.21%

3Y23.87%

TTM7.22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM97.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM98.41%

ROCE

10Y Avg-3.97%

5Y Avg-1.55%

3Y Avg-1.1%

Latest-1.22%

Peer Comparison

Outdoor & Transit Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCOClear Channel Outdoor Holdings, Inc.	1.04B	2.09	-5.65	4.95%	-0.38%
BOCBoston Omaha Corporation	384.98M	12.47	-304.15	12.49%	-0.21%	-0.04%		0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	722.91K	3.84M	9.01M	20.02M	41.39M	45.74M	56.97M	81.23M	96.25M	108.27M
Revenue Growth %	15.48%	4.32%	1.34%	1.22%	1.07%	0.11%	0.25%	0.43%	0.18%	0.12%
Cost of Goods Sold+	229.51K	1.27M	3.43M	7.59M	17.61M	18.51M	18.59M	26.69M	31.9M	34.34M
COGS % of Revenue	0.32%	0.33%	0.38%	0.38%	0.43%	0.4%	0.33%	0.33%	0.33%	0.32%
Gross Profit+	493.4K	2.58M	5.58M	12.43M	23.78M	27.23M	38.38M	54.54M	64.35M	73.93M
Gross Margin %	0.68%	0.67%	0.62%	0.62%	0.57%	0.6%	0.67%	0.67%	0.67%	0.68%
Gross Profit Growth %	10.25%	4.22%	1.17%	1.23%	0.91%	0.15%	0.41%	0.42%	0.18%	0.15%
Operating Expenses+	1.59M	5.72M	12.36M	24.41M	36.19M	32.23M	62.15M	59.77M	73.21M	82.4M
OpEx % of Revenue	2.2%	1.49%	1.37%	1.22%	0.87%	0.7%	1.09%	0.74%	0.76%	0.76%
Selling, General & Admin	1.13M	3.79M	8.49M	16.29M	21.96M	24.2M	51.71M	44.51M	53.34M	59.28M
SG&A % of Revenue	1.57%	0.99%	0.94%	0.81%	0.53%	0.53%	0.91%	0.55%	0.55%	0.55%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	699.34K	1.93M	3.9M	8.41M	14.23M	8.03M	10.44M	15.27M	19.87M	23.12M
Operating Income+	-1.11M	-3.14M	-6.77M	-12.26M	-12.41M	-4.99M	-23.77M	-5.23M	-8.85M	-8.47M
Operating Margin %	-1.53%	-0.82%	-0.75%	-0.61%	-0.3%	-0.11%	-0.42%	-0.06%	-0.09%	-0.08%
Operating Income Growth %	-47.47%	-1.83%	-1.16%	-0.81%	-0.01%	0.6%	-3.76%	0.78%	-0.69%	0.04%
EBITDA+	-649.2K	-1.5M	-3.42M	-4.13M	4.92M	6.81M	-9.08M	15.41M	16.42M	19.42M
EBITDA Margin %	-0.9%	-0.39%	-0.38%	-0.21%	0.12%	0.15%	-0.16%	0.19%	0.17%	0.18%
EBITDA Growth %	-	-1.31%	-1.28%	-0.21%	2.19%	0.38%	-2.33%	2.7%	0.07%	0.18%
D&A (Non-Cash Add-back)	457.8K	1.64M	3.35M	8.13M	17.33M	11.81M	14.69M	20.64M	25.27M	27.89M
EBIT	-1.02M	-3.17M	-6.48M	-9.16M	-1.18M	-1.59M	74.13M	9.08M	-8M	4.69M
Net Interest Income+	-22.51K	-7.8K	87.52K	1.95M	2.9M	819.85K	-279.43K	-773K	1.46M	-212K
Interest Income	0	0	95.78K	1.95M	3.2M	1.66M	676.62K	434.94K	2.61M	1.39M
Interest Expense	22.51K	7.8K	8.26K	1.8K	302.75K	841.83K	956.05K	1.21M	1.15M	1.6M
Other Income/Expense	59.45K	-35.06K	293.48K	3.1M	10.93M	2.57M	96.94M	13.1M	-294.06K	11.56M
Pretax Income+	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	73.17M	7.87M	-9.15M	3.1M
Pretax Margin %	-1.45%	-0.83%	-0.72%	-0.46%	-0.04%	-0.05%	1.28%	0.1%	-0.1%	0.03%
Income Tax+	0	0	0	0	0	0	17.69M	-2.5M	-2.98M	-274.82K
Effective Tax Rate %	1%	1%	1%	1%	1%	0.02%	0.72%	1.3%	0.77%	-0.42%
Net Income+	-1.05M	-3.17M	-6.47M	-9.11M	-1.49M	-49.09K	52.75M	10.23M	-7M	-1.29M
Net Margin %	-1.45%	-0.83%	-0.72%	-0.46%	-0.04%	-0%	0.93%	0.13%	-0.07%	-0.01%
Net Income Growth %	-14.68%	-2.03%	-1.04%	-0.41%	0.84%	0.97%	1075.54%	-0.81%	-1.68%	0.82%
Net Income (Continuing)	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	55.48M	10.38M	-6.17M	3.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.23M	1.35M	1.73M	145.03M	144.27M	23.12M	78.24M	29.9M
EPS (Diluted)+	-0.99	-0.53	-0.60	-0.46	-0.07	-0.00	1.82	0.34	-0.23	-0.04
EPS Growth %	-2.96%	0.46%	-0.13%	0.23%	0.85%	0.97%	-	-0.81%	-1.68%	0.82%
EPS (Basic)	-0.99	-0.53	-0.60	-0.46	-0.07	-0.00	1.82	0.34	-0.23	-0.04
Diluted Shares Outstanding	1.06M	6.04M	10.82M	19.93M	22.78M	25.68M	29.05M	29.77M	31.09M	31.5M
Basic Shares Outstanding	1.06M	6.04M	10.82M	19.93M	22.78M	25.68M	28.98M	30.1M	30.45M	31.5M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.54M	32.32M	93.84M	118.56M	162.16M	329.05M	390.71M	113.96M	131.39M	117.45M
Cash & Short-Term Investments	13.19M	30.72M	91.6M	110.2M	154.24M	292.52M	235.4M	74.07M	96.02M	86.61M
Cash Only	13.19M	29.56M	6.84M	17.11M	16.37M	44.95M	72.51M	25.49M	21.95M	28.29M
Short-Term Investments	0	1.16M	84.76M	93.1M	137.86M	247.57M	162.89M	48.58M	74.08M	58.32M
Accounts Receivable	276.75K	783.07K	1.1M	4.5M	4.65M	24.33M	4.5M	6.03M	12.33M	12.52M
Days Sales Outstanding	139.73	74.35	44.37	82	40.98	194.12	28.84	27.08	46.74	42.2
Inventory	0	0	-83.1M	0	0	0	-87.54M	-42.29M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	70.48K	279.09K	392.23K	1.04M	1.86M	10.01M	235.49M	71.46M	17.47M	12.91M
Total Non-Current Assets+	10.25M	33.33M	59.64M	213.63M	274.74M	311.66M	416.34M	569.76M	636.82M	610.9M
Property, Plant & Equipment	4.24M	5.58M	9.11M	41.7M	90.08M	101.72M	137.71M	180.31M	205.67M	221.34M
Fixed Asset Turnover	0.17x	0.69x	0.99x	0.48x	0.46x	0.45x	0.41x	0.45x	0.47x	0.49x
Goodwill	4.38M	17.21M	24.69M	98.69M	106.27M	124.45M	151.34M	179.46M	182.38M	182.38M
Intangible Assets	969.26K	3.55M	9.35M	37.03M	32.27M	44.37M	45.35M	68.34M	65.53M	58.33M
Long-Term Investments	657.53K	2.16M	14.85M	32.95M	43.41M	40.36M	80.98M	144.36M	181.35M	146.52M
Other Non-Current Assets	0	1.88M	1.63M	1.85M	2.71M	757.88K	156.35K	-26.59M	1.89M	2.33M
Total Assets+	23.79M	65.65M	153.48M	332.19M	436.91M	640.71M	807.05M	683.72M	768.21M	728.35M
Asset Turnover	0.03x	0.06x	0.06x	0.06x	0.09x	0.07x	0.07x	0.12x	0.13x	0.15x
Asset Growth %	487.17%	1.76%	1.34%	1.16%	0.32%	0.47%	0.26%	-0.15%	0.12%	-0.05%
Total Current Liabilities+	289.98K	3.21M	5.03M	12.44M	21.68M	33.87M	54.03M	52.98M	51.39M	54.91M
Accounts Payable	155.39K	465.9K	2.08M	3.55M	5.68M	6.83M	25.27M	10.96M	18.44M	22.25M
Days Payables Outstanding	247.13	134.32	221.09	170.78	117.62	134.59	496.14	149.94	210.97	236.5
Short-Term Debt	100K	0	0	0	4.31M	5.64M	1.49M	1.55M	814.67K	1.2M
Deferred Revenue (Current)	30.2K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	1.64M	1.55M	2.97M	2.27M	15.54M	563.59K	30.78M	15.34M	9.97M
Current Ratio	46.68x	10.08x	18.65x	9.53x	7.48x	9.71x	7.23x	2.15x	2.56x	2.14x
Quick Ratio	46.68x	10.08x	35.17x	9.53x	7.48x	9.71x	8.85x	2.95x	2.56x	2.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	285.6K	255.5K	57K	3.2M	68.26M	80.24M	112.43M	104.09M	100.37M	110.71M
Long-Term Debt	0	0	0	0	17.56M	21.78M	28.51M	26.95M	26.52M	38.36M
Capital Lease Obligations	0	0	0	0	48.2M	47.58M	56.03M	59.28M	56.44M	54.99M
Deferred Tax Liabilities	0	129K	57K	57K	57K	57K	17.75M	13.95M	12.11M	11.93M
Other Non-Current Liabilities	0	126.5K	0	3.14M	2.44M	10.83M	10.14M	3.91M	5.3M	5.43M
Total Liabilities	289.98K	3.46M	5.09M	15.63M	89.94M	114.11M	166.46M	157.07M	151.75M	165.63M
Total Debt+	100K	0	0	0	70.06M	74.99M	90.61M	92.98M	88.86M	99.89M
Net Debt	-13.09M	-29.56M	-6.84M	-17.11M	53.69M	30.05M	18.1M	67.49M	66.91M	71.6M
Debt / Equity	0.00x	-	-	-	0.20x	0.14x	0.14x	0.18x	0.14x	0.18x
Debt / EBITDA	-	-	-	-	14.25x	11.01x	-	6.03x	5.41x	5.14x
Net Debt / EBITDA	-	-	-	-	10.92x	4.41x	-	4.38x	4.08x	3.69x
Interest Coverage	-49.18x	-402.41x	-820.47x	-6794.90x	-41.00x	-5.93x	-24.86x	-4.33x	-7.72x	-5.30x
Total Equity+	23.5M	62.19M	148.39M	316.56M	346.97M	526.59M	640.6M	526.65M	616.45M	562.72M
Equity Growth %	51.27%	1.65%	1.39%	1.13%	0.1%	0.52%	0.22%	-0.18%	0.17%	-0.09%
Book Value per Share	22.25	10.29	13.72	15.88	15.23	20.51	22.05	17.69	19.83	17.87
Total Shareholders' Equity	23.5M	62.19M	147.15M	315.22M	345.24M	381.57M	496.33M	503.53M	538.21M	532.82M
Common Stock	2.77K	6.9K	14.36K	22.09K	23.51K	27.23K	29.7K	29.71K	31.31K	31.47K
Retained Earnings	-1.57M	-4.74M	-11.21M	-20.33M	-21.81M	-42.67M	12.44M	19.58M	15.67M	-4.75M
Treasury Stock	0	0	0	0	0	0	0	0	0	-1.59M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.23M	1.35M	1.73M	145.03M	144.27M	23.12M	78.24M	29.9M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-813.36K	-1.48M	-3.25M	38.33K	9.61M	5.17M	7.77M	-5.17M	16.06M	21.24M
Operating CF Margin %	-1.13%	-0.39%	-0.36%	0%	0.23%	0.11%	0.14%	-0.06%	0.17%	0.2%
Operating CF Growth %	-15.32%	-0.82%	-1.19%	1.01%	249.84%	-0.46%	0.5%	-1.66%	4.11%	0.32%
Net Income	-1.05M	-3.17M	-6.48M	-9.16M	-1.48M	-2.43M	55.48M	10.23M	-6.17M	3.37M
Depreciation & Amortization	457.8K	1.64M	3.35M	8.13M	17.33M	11.81M	14.69M	20.64M	25.27M	27.89M
Stock-Based Compensation	0	0	72K	0	0	0	0	0	0	0
Deferred Taxes	0	0	-72K	0	0	0	17.69M	-2.82M	-3.08M	-290.43K
Other Non-Cash Items	-72.45K	315.05K	303.8K	-54.16K	-6.26M	1.84M	-94.41M	-13.89M	2.36M	-12.04M
Working Capital Changes	-151.28K	-261.12K	-424.2K	1.12M	24.49K	-6.05M	14.32M	-19.34M	-2.33M	2.31M
Change in Receivables	-286.26K	8.94K	-96.26K	-2.07M	-25.98K	146.39K	191.45K	-1.58M	-6.55M	-508.99K
Change in Inventory	-50.25K	-283.9K	-161.21K	-946.94K	-1.99M	0	0	0	0	0
Change in Payables	155.02K	92.66K	-265.82K	711.44K	1.99M	0	0	-12.28M	0	0
Cash from Investing+	-10.72M	-23.9M	-110.91M	-164.76M	-60.63M	-169.4M	-45.67M	-27.41M	-64.25M	28.1M
Capital Expenditures	-124.91K	-710.97K	-2.27M	-3.12M	-2.81M	-8.57M	-21.01M	-40.06M	-51.87M	-32.2M
CapEx % of Revenue	0.17%	0.18%	0.25%	0.16%	0.07%	0.19%	0.37%	0.49%	0.54%	0.3%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	78.15K	-262.58K	-258.74K	41.94K	44.27K	-20M	20M	0	-248.27K	0
Cash from Financing+	24.72M	41.76M	91.43M	175.63M	49.24M	202.81M	64.64M	5.54M	32.94M	-47.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.16K	0	-961.95K	-1.61M	0	2.27M	-5.15M	7.08M	-3.42M	-41.43M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-938.26K	-2.19M	-5.51M	-3.08M	6.8M	-3.4M	-13.24M	-45.22M	-35.81M	-10.96M
FCF Margin %	-1.3%	-0.57%	-0.61%	-0.15%	0.16%	-0.07%	-0.23%	-0.56%	-0.37%	-0.1%
FCF Growth %	-17.82%	-1.34%	-1.51%	0.44%	3.21%	-1.5%	-2.89%	-2.42%	0.21%	0.69%
FCF per Share	-0.89	-0.36	-0.51	-0.15	0.30	-0.13	-0.46	-1.52	-1.15	-0.35
FCF Conversion (FCF/Net Income)	0.78x	0.47x	0.50x	-0.00x	-6.47x	-105.41x	0.15x	-0.50x	-2.29x	-16.44x
Interest Paid	0	0	0	0	0	823.72K	923.38K	0	1.13M	1.53M
Taxes Paid	0	0	0	0	0	0	0	0	99.65K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.09%	-7.41%	-6.14%	-3.92%	-0.45%	-0.01%	9.04%	1.75%	-1.23%	-0.22%
Return on Invested Capital (ROIC)	-15.92%	-10.94%	-5.83%	-4.17%	-2.66%	-0.78%	-2.93%	-0.63%	-1.04%	-0.96%
Gross Margin	68.25%	67.07%	61.95%	62.1%	57.45%	59.54%	67.37%	67.14%	66.86%	68.28%
Net Margin	-144.83%	-82.54%	-71.75%	-45.52%	-3.59%	-0.11%	92.59%	12.6%	-7.28%	-1.19%
Debt / Equity	0.00x	-	-	-	0.20x	0.14x	0.14x	0.18x	0.14x	0.18x
Interest Coverage	-49.18x	-402.41x	-820.47x	-6794.90x	-41.00x	-5.93x	-24.86x	-4.33x	-7.72x	-5.30x
FCF Conversion	0.78x	0.47x	0.50x	-0.00x	-6.47x	-105.41x	0.15x	-0.50x	-2.29x	-16.44x
Revenue Growth	1547.7%	431.74%	134.5%	122.11%	106.73%	10.52%	24.55%	42.59%	18.49%	12.49%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Billboard Rentals	-	-	-	-	28.26M	31.5M	39.24M	42.94M	45.15M
Billboard Rentals Growth	-	-	-	-	-	11.46%	24.59%	9.42%	5.15%
Broadband Services	-	-	-	-	3.84M	15.23M	28.63M	35.34M	39.1M
Broadband Services Growth	-	-	-	-	-	297.08%	87.91%	23.45%	10.63%
Production Services	-	-	-	-	1.37M	1.68M	2.14M	-	-
Production Services Growth	-	-	-	-	-	22.14%	27.62%	-	-
LMH	3.16M	5.27M	14.07M	28.43M	-	-	-	-	-
LMH Growth	-	66.45%	167.11%	102.13%	-	-	-	-	-
GIG	679.98K	3.75M	5.96M	12.96M	-	-	-	-	-
GIG Growth	-	451.28%	58.89%	117.59%	-	-	-	-	-
Segments Total	3.84M	-	-	-	-	-	-	-	-
Segments Total Growth	-	-	-	-	-	-	-	-	-
Unallocated	-	-	-	-	-	-	-	-	-
Unallocated Growth	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unallocated	-	-	-	-	-	-	-	-	-
Unallocated Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Boston Omaha Corporation (BOC) reported $112.6M in revenue for fiscal year 2024.

Boston Omaha Corporation (BOC) grew revenue by 12.5% over the past year. This is steady growth.

Boston Omaha Corporation (BOC) reported a net loss of $0.2M for fiscal year 2024.

Dividend & Returns

Boston Omaha Corporation (BOC) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

Boston Omaha Corporation (BOC) had negative free cash flow of $6.9M in fiscal year 2024, likely due to heavy capital investments.