Outfront Media Inc. (OUT) 10-Year Financial Performance & Capital Metrics

OUT • • REIT / Real Estate

Real EstateSpecialty REITsOutdoor AdvertisingTransit & Outdoor Media

AboutOutfront Media Inc. leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, Outfront Media Inc. will fundamentally change the ways advertisers engage audiences on-the-go.Show more

Revenue $1.83B +0.6%
FFO $410M +254.8%
FFO/Share 2.46 +253.1%
FFO Payout 50.87% +165.0%
FFO per Share 2.46 +253.1%
NOI Margin 48.17% +2.3%
FFO Margin 22.38% +253.9%
ROE 34.11% +183.4%
ROA 4.78% +165.1%
Debt/Assets 76.95% -1.0%
Net Debt/EBITDA 6.87
Book Value/Share 4.70 +6.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Sustainable FFO payout ratio of 50.9%
✓Momentum leader: RS Rating 82 (top 18%)
✓Healthy dividend yield of 5.1%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 5.1x
✗Weak 3Y average ROE of 1.2%
✗FFO declining 29.8% TTM

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.06%

5Y0.54%

3Y7.74%

TTM-1.48%

Profit (Net Income) CAGR

10Y-1.71%

5Y13.01%

3Y93.57%

TTM-49.22%

EPS CAGR

10Y-5.29%

5Y9.83%

3Y86.23%

TTM-49.63%

ROCE

10Y Avg4.31%

5Y Avg2.74%

3Y Avg3.05%

Latest8.79%

Peer Comparison

Transit & Outdoor Media

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OUTOutfront Media Inc.	4.09B	24.44	15.77	0.57%	6.86%	18.17%	5.41%	5.12

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	1.51B	1.51B	1.52B	1.61B	1.78B	1.24B	1.46B	1.77B	1.82B	1.83B
Revenue Growth %	0.12%	0%	0%	0.06%	0.11%	-0.31%	0.18%	0.21%	0.03%	0.01%
Property Operating Expenses	833.1M	818.1M	835.2M	859.9M	958.6M	710.8M	784M	916.6M	963.1M	949M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	487.4M	489M	451.5M	472M	514.5M	453M	511.6M	573M	1.11B	456.4M
G&A Expenses	258.3M	264.8M	261.7M	287M	371.7M	315.1M	368.2M	422.1M	429.7M	447.9M
EBITDA+	315.5M	1.51B	1.53B	1.57B	455.4M	218.3M	313.7M	433.2M	-92.7M	577M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	229.1M	1.31B	1.29B	1.33B	146.3M	145.8M	145.4M	150.7M	160.5M	151.5M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	86.4M	204.9M	241.7M	234.8M	309.1M	72.5M	168.3M	282.5M	-253.2M	425.5M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	114.8M	113.8M	116.9M	125.7M	134.9M	131.1M	130.4M	131.8M	158.4M	156.2M
Interest Coverage	0.75x	1.80x	2.07x	1.87x	2.29x	0.55x	1.29x	2.14x	-1.60x	2.72x
Non-Operating Income	6.7M	6.5M	7.9M	6.1M	28.4M	-100K	6.3M	200K	7.8M	200K
Pretax Income+	-28.8M	91M	125.1M	108.7M	145.8M	-59.1M	33M	153.3M	-420.5M	269.7M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.4M	5.4M	4.1M	4.9M	10.9M	1.1M	-3.4M	9.4M	4M	11M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-29.4M	90.9M	125.8M	107.9M	140.1M	-61M	35.6M	142.7M	-425.2M	258.2M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.1%	4.09%	0.38%	-0.14%	0.3%	-1.44%	1.58%	3.01%	-3.98%	1.61%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.61%	6%	0.01%	0.02%	-0.8%	-0.7%	1.13%	0.62%	-1.9%	2.55%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.21	0.66	0.90	0.77	0.97	-0.41	0.24	0.84	-2.66	1.55
EPS Growth %	-1.08%	4.14%	0.36%	-0.14%	0.26%	-1.42%	1.59%	2.5%	-4.17%	1.58%
EPS (Basic)	-0.21	0.66	0.90	0.77	0.97	-0.41	0.24	0.84	-2.73	1.54
Diluted Shares Outstanding	137.3M	138.4M	138.9M	139.6M	143.2M	144.3M	146.1M	161.8M	164.9M	166.71M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.85B	3.74B	3.81B	3.83B	5.38B	5.9B	5.92B	5.99B	5.58B	5.22B
Asset Growth %	-0.04%	-0.03%	0.02%	0.01%	0.41%	0.1%	0%	0.01%	-0.07%	-0.07%
Real Estate & Other Assets+	81.7M	60.6M	61.2M	68.8M	189.3M	241.4M	41.5M	39.1M	233.8M	9.7M
PP&E (Net)	701.7M	665M	662.1M	652.9M	2.12B	2.06B	2.41B	2.63B	2.25B	2.15B
Investment Securities	-1000K	-1000K	-1000K	1000K	0	0	0	0	0	1000K
Total Current Assets+	416.6M	378.2M	376M	429.5M	435.8M	974.7M	777.3M	390.4M	397.6M	385.8M
Cash & Equivalents	101.6M	65.2M	48.3M	52.7M	59.1M	710.4M	424.8M	40.4M	36M	46.9M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	101.1M	91M	96.6M	111.9M	6.9M	35.3M	11.7M	5.6M	50.3M	33.6M
Intangible Assets	570.5M	545.3M	580.9M	537.2M	550.9M	547.5M	614.9M	858.5M	695.4M	652M
Total Liabilities	2.63B	2.51B	2.58B	2.68B	4.26B	4.51B	4.53B	4.64B	4.85B	4.43B
Total Debt+	2.25B	2.14B	2.23B	2.31B	3.87B	4.13B	4.12B	4.21B	4.34B	4.01B
Net Debt	2.15B	2.07B	2.18B	2.26B	3.81B	3.42B	3.69B	4.17B	4.3B	3.97B
Long-Term Debt	2.22B	2.14B	2.15B	2.15B	2.22B	2.62B	2.62B	2.63B	2.68B	2.48B
Short-Term Borrowings	0	0	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	1.45B	1.43B	1.5B	1.56B	1.6B	1.52B
Total Current Liabilities+	265.6M	251.5M	299.6M	402.6M	650M	534.9M	507.7M	551.6M	593M	520.8M
Accounts Payable	83.6M	85.6M	56.1M	56.5M	67.9M	64.9M	64.9M	65.4M	55.5M	51.4M
Deferred Revenue	20.7M	20.2M	21.3M	29.8M	29M	29.5M	30.9M	35.3M	37.7M	42.8M
Other Liabilities	104.4M	108.7M	117.1M	114.2M	80.7M	90.9M	80.3M	79M	165.9M	76.1M
Total Equity+	1.21B	1.23B	1.23B	1.15B	1.13B	1.38B	1.39B	1.35B	730.1M	784M
Equity Growth %	-0.16%	0.02%	-0.01%	-0.07%	-0.02%	0.23%	0%	-0.03%	-0.46%	0.07%
Shareholders Equity	1.21B	1.23B	1.18B	1.1B	1.09B	1.36B	1.38B	1.35B	697.1M	768.8M
Minority Interest	0	100K	45.5M	42.5M	32.6M	26.5M	13M	4M	33M	15.2M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.5M	1.6M	1.7M	1.7M
Additional Paid-in Capital	1.93B	1.95B	1.96B	2B	2.07B	2.09B	2.12B	2.42B	2.4B	2.49B
Retained Earnings	-602.2M	-699.5M	-775.6M	-871.6M	-964.6M	-1.1B	-1.12B	-1.18B	-1.82B	-1.85B
Preferred Stock	0	0	0	0	0	383.4M	383.4M	119.8M	119.8M	119.8M
Return on Assets (ROA)	-0.01%	0.02%	0.03%	0.03%	0.03%	-0.01%	0.01%	0.02%	-0.07%	0.05%
Return on Equity (ROE)	-0.02%	0.07%	0.1%	0.09%	0.12%	-0.05%	0.03%	0.1%	-0.41%	0.34%
Debt / Assets	0.59%	0.57%	0.58%	0.6%	0.72%	0.7%	0.69%	0.7%	0.78%	0.77%
Debt / Equity	1.86x	1.73x	1.81x	2.02x	3.44x	2.98x	2.96x	3.12x	5.94x	5.12x
Net Debt / EBITDA	6.81x	1.37x	1.42x	1.44x	8.37x	15.66x	11.77x	9.63x	-	6.87x
Book Value per Share	8.83	8.91	8.83	8.20	7.87	9.59	9.52	8.34	4.43	4.70

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+	293.1M	287.1M	249.3M	214.3M	276.9M	130.6M	98.8M	254.1M	254.2M	299.2M
Operating CF Growth %	0.12%	-0.02%	-0.13%	-0.14%	0.29%	-0.53%	-0.24%	1.57%	0%	0.18%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-29.4M	90.9M	125.8M	107.9M	140.1M	-61M	35.6M	147.9M	-425.2M	258.2M
Depreciation & Amortization	229.1M	224.2M	189.8M	185M	194.5M	145.8M	145.4M	150.7M	160.5M	151.5M
Stock-Based Compensation	15.2M	18M	20.5M	20.2M	22.3M	23.8M	28.6M	33.8M	28.4M	30.8M
Other Non-Cash Items	118.7M	11.5M	-38.2M	5M	-7M	19.2M	10.2M	14.7M	523.7M	-144M
Working Capital Changes	-38.8M	-55.7M	-43.7M	-103.4M	-73.2M	5.6M	-116.3M	-97.7M	-33.1M	3.9M
Cash from Investing+	-62.4M	-36.7M	-135.3M	-90.4M	-176.3M	-53.2M	-224M	-449.5M	-107.5M	207.5M
Acquisitions (Net)	-3.2M	22.7M	-64.5M	5.2M	-62.4M	23.9M	-133.7M	-352.9M	-33.7M	0
Purchase of Investments	0	0	0	0	-7.3M	-42M	0	-300K	0	0
Sale of Investments	0	0	0	1000K	1000K	1000K	0	1000K	0	0
Other Investing	-59.2M	-59.4M	-70.8M	7.9M	5.8M	40M	-13.7M	-359.7M	13M	285.6M
Cash from Financing+	-148.6M	-286.5M	-131.5M	-117.7M	-94.3M	573M	-162.2M	-188M	-151.5M	-495.4M
Dividends Paid	-196.3M	-188.6M	-201.8M	-203.9M	-208.1M	-75.1M	-57.5M	-205.8M	-207M	-208.4M
Common Dividends	-188.1M	-188.6M	-201.8M	-203.9M	-208.1M	-75.1M	-57.5M	-205.8M	-207M	-208.4M
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Share Repurchases	-4.3M	-7.3M	-8.5M	0	0	-12.6M	-9M	-11.8M	0	-7.8M
Other Financing	-1.8M	-7.9M	70.5M	-9.1M	-50.6M	375.7M	-8.4M	-400K	-29.5M	-24.2M
Net Change in Cash+	73.1M	-36.4M	-16.9M	5.8M	6.8M	651.1M	-287.2M	-384.4M	-4.4M	10.9M
Exchange Rate Effect	-1000K	-300K	600K	-400K	500K	700K	200K	-1000K	400K	-400K
Cash at Beginning	28.5M	101.6M	65.2M	48.3M	54.1M	60.9M	712M	424.8M	40.4M	36M
Cash at End	101.6M	65.2M	48.3M	54.1M	60.9M	712M	424.8M	40.4M	36M	46.9M
Free Cash Flow+	233.9M	227.7M	178.5M	118.7M	163M	53.5M	8.5M	157.5M	167.4M	221.1M
FCF Growth %	0.18%	-0.03%	-0.22%	-0.34%	0.37%	-0.67%	-0.84%	17.53%	0.06%	0.32%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.45	10.1	10.17	10.31	2	0.59	1.24	1.81	-1.61	2.46
FFO Payout Ratio	94.19%	13.49%	14.29%	14.16%	72.66%	88.56%	31.77%	70.14%	-78.2%	50.87%
NOI Margin	44.97%	45.96%	45.07%	46.46%	46.21%	42.51%	46.44%	48.28%	47.1%	48.17%
Net Debt / EBITDA	6.81x	1.37x	1.42x	1.44x	8.37x	15.66x	11.77x	9.63x	-	6.87x
Debt / Assets	58.56%	57.16%	58.43%	60.32%	71.91%	70.02%	69.48%	70.34%	77.73%	76.95%
Interest Coverage	0.75x	1.80x	2.07x	1.87x	2.29x	0.55x	1.29x	2.14x	-1.60x	2.72x
Book Value / Share	8.83	8.91	8.83	8.2	7.87	9.59	9.52	8.34	4.43	4.7
Revenue Growth	11.82%	0.01%	0.44%	5.64%	10.96%	-30.63%	18.41%	21.05%	2.74%	0.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Static Displays	-	-	-	339.9M	370.7M	726.2M	829.8M	936.9M	948M	936.3M
Static Displays Growth	-	-	-	-	9.06%	95.90%	14.27%	12.91%	1.18%	-1.23%
Digital Displays	-	-	-	59.6M	112.4M	215.3M	308.1M	400.8M	441.7M	448.4M
Digital Displays Growth	-	-	-	-	88.59%	91.55%	43.10%	30.09%	10.20%	1.52%
Transit Franchise Contract	-	-	-	-	-	229.6M	278M	381.1M	369.5M	390.6M
Transit Franchise Contract Growth	-	-	-	-	-	-	21.08%	37.09%	-3.04%	5.71%
Other	-	-	-	39.5M	43.5M	37.1M	44.4M	47M	55.2M	52.7M
Other Growth	-	-	-	-	10.13%	-14.71%	19.68%	5.86%	17.45%	-4.53%
Other Revenues	-	-	-	-	-	-	-	-	6.2M	2.9M
Other Revenues Growth	-	-	-	-	-	-	-	-	-	-53.23%
US Media	-	1.39B	1.41B	-	-	-	-	-	-	-
US Media Growth	-	-	0.91%	-	-	-	-	-	-	-
Others	-	120.1M	114M	-	-	-	-	-	-	-
Others Growth	-	-	-5.08%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.38B	1.44B	1.45B	426M	513.8M	1.18B	1.39B	1.68B	1.73B	1.8B
UNITED STATES Growth	-	3.98%	0.84%	-70.57%	20.61%	128.98%	17.77%	21.26%	2.87%	3.91%
CANADA	71.7M	67.3M	73.2M	84.6M	87.8M	59.8M	78.3M	91.9M	92.1M	34.9M
CANADA Growth	-	-6.14%	8.77%	15.57%	3.78%	-31.89%	30.94%	17.37%	0.22%	-62.11%
Latin America	61.8M	11.4M	-	-	-	-	-	-	-	-
Latin America Growth	-	-81.55%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Outfront Media Inc. (OUT) has a price-to-earnings (P/E) ratio of 15.8x. This is roughly in line with market averages.

Growth & Financials

Outfront Media Inc. (OUT) reported $1.81B in revenue for fiscal year 2024. This represents a 42% increase from $1.28B in 2011.

Outfront Media Inc. (OUT) grew revenue by 0.6% over the past year. Growth has been modest.

Yes, Outfront Media Inc. (OUT) is profitable, generating $124.2M in net income for fiscal year 2024 (14.1% net margin).

Dividend & Returns

Yes, Outfront Media Inc. (OUT) pays a dividend with a yield of 5.12%. This makes it attractive for income-focused investors.

Outfront Media Inc. (OUT) has a return on equity (ROE) of 34.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Outfront Media Inc. (OUT) generated Funds From Operations (FFO) of $275.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Outfront Media Inc. (OUT) offers a 5.12% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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