Boston Omaha Corporation (BOC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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BOC Revenue Growth
Revenue Breakdown (FY 2024)
BOC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
BOC Revenue Analysis (2013–2024)
As of May 8, 2026, Boston Omaha Corporation (BOC) generated trailing twelve-month (TTM) revenue of $112.6 million, reflecting modest growth of +3.7% year-over-year. The most recent quarter (Q3 2025) recorded $28.7 million in revenue, up 1.9% sequentially.
Looking at the longer-term picture, BOC's 5-year compound annual growth rate (CAGR) stands at +21.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $108.3 million in 2024, representing a new all-time high.
Revenue diversification analysis shows BOC's business is primarily driven by Billboard Rentals (54%), and Broadband Services (46%). With over half of revenue concentrated in Billboard Rentals, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including CODI (-8.2% YoY), LAMR (+3.4% YoY), and CCO (+8.7% YoY), BOC has underperformed the peer group in terms of revenue growth. Compare BOC vs CODI →
BOC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BOCCurrent | $113M | +3.7% | +21.2% | -7.8% | |
 CODI | $1.9B | -8.2% | +5.3% | 2.3% | |
 LAMR | $2.3B | +3.4% | +7.6% | 30.8% | |
 CCO | $1.6B | +8.7% | -2.9% | 19.0% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% | |
 KMPR | $4.8B | +0.5% | -1.5% | 3.3% |
BOC Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $108.3M | +12.5% | $73.9M | 68.3% | $-8,467,478 | -7.8% |
| 2023 | $96.3M | +18.5% | $64.4M | 66.9% | $-8,852,403 | -9.2% |
| 2022 | $81.2M | +42.6% | $54.5M | 67.1% | $-5,229,895 | -6.4% |
| 2021 | $57.0M | +24.5% | $38.4M | 67.4% | $-23,766,869 | -41.7% |
| 2020 | $45.7M | +10.5% | $27.2M | 59.5% | $-4,994,907 | -10.9% |
| 2019 | $41.4M | +106.7% | $23.8M | 57.4% | $-12,412,096 | -30.0% |
| 2018 | $20.0M | +122.1% | $12.4M | 62.1% | $-12,258,000 | -61.2% |
| 2017 | $9.0M | +134.5% | $5.6M | 61.9% | $-6,773,000 | -75.1% |
| 2016 | $3.8M | +431.7% | $2.6M | 67.1% | $-3,138,000 | -81.6% |
| 2015 | $723K | +1547.7% | $493K | 68.3% | $-1,107,000 | -153.1% |
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Start ComparisonBOC — Frequently Asked Questions
Quick answers to the most common questions about buying BOC stock.
Is BOC's revenue growth accelerating or slowing?
BOC revenue growth slowed to +3.7%, below the 5-year CAGR of +21.2%. TTM revenue is $113M. The deceleration marks a shift from historical growth rates.
What is BOC's long-term revenue growth rate?
Boston Omaha Corporation's 5-year revenue CAGR of +21.2% reflects the variable expansion pattern. Current YoY growth of +3.7% is near this long-term average.
How is BOC's revenue distributed by segment?
BOC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.