NYSE : BOC
Boston Omaha Corporation — Financial statements
Industrials · Conglomerates · United States
Last price 12.99 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 391.34M
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Financial statements
Boston Omaha Corporation (BOC) reported revenue of 115.52M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 113.45M | 112.29M | 105.97M | 94.10M | 80.57M | 56.63M |
| Other Revenue | 2.07M | 2.09M | 2.30M | 2.16M | 662.27K | 339.06K |
| Revenue | 115.52M | 114.38M | 108.27M | 96.25M | 81.23M | 56.97M |
| Cost of Revenue | 64.75M | 64.88M | 64.25M | 56.48M | 45.28M | 46.38M |
| Gross Profit | 50.77M | 49.49M | 44.03M | 39.77M | 35.95M | 10.59M |
| Selling, General & Admin | 28.82M | 28.47M | 29.38M | 28.76M | 25.92M | 23.92M |
| Amortization of Goodwill & Intangibles | 7.66M | 7.75M | 7.68M | 7.41M | 6.47M | 4.55M |
| Other Operating Expenses | 217.88K | 217.88K | 218.47K | 216.50K | 206.36K | 134.36K |
| Operating Expenses | 54.57M | 53.46M | 51.78M | 48.54M | 41.25M | 34.18M |
| Operating Income | -3.80M | -3.96M | -7.75M | -8.77M | -5.29M | -23.59M |
| Interest Expense | -2.43M | -2.33M | -1.60M | -1.15M | -1.21M | -956.05K |
| Interest & Investment Income | 1.19M | 1.20M | 30.45M | 8.74M | 434.94K | 94.16M |
| Earnings From Equity Investments | 616.67K | 6.54M | -17.28M | -7.89M | 2.70M | 878.92K |
| Other Non Operating Income (Expenses) | 1.84M | 2.85M | ||||
| EBT Excluding Unusual Items | -4.43M | 1.45M | 3.82M | -9.06M | -1.53M | 73.35M |
| Gain (Loss) on Sale of Investments | -11.69M | -19.87M | -15.64M | |||
| Gain (Loss) on Sale of Assets | 246.84K | 35.84K | -720.69K | -84.41K | 25.04M | -178.91K |
| Pretax Income | -15.87M | -18.38M | 3.10M | -9.15M | 7.87M | 73.17M |
| Income Tax Expense | -206.26K | -79.26K | -274.82K | -2.98M | -2.50M | 17.69M |
| Earnings From Continuing Operations | -15.67M | -18.31M | 3.37M | -6.17M | 10.38M | 55.48M |
| Minority Interest in Earnings | 2.83M | 5.88M | -4.66M | -836.28K | -145.72K | -2.73M |
| Net Income | -13.20M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
| Net Income to Common | -13.20M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
| Shares Outstanding (Basic) | 31.00M | 31.41M | 31.50M | 31.09M | 29.70M | 28.98M |
| Shares Outstanding (Diluted) | 31.00M | 31.41M | 31.50M | 31.09M | 29.77M | 29.05M |
| EPS (Basic) | -0.43 | -0.40 | -0.04 | -0.23 | 0.34 | 1.82 |
| EPS (Diluted) | -0.43 | -0.40 | -0.04 | -0.23 | 0.34 | 1.82 |
| Free Cash Flow | -7.22M | -10.04M | -10.96M | -35.81M | -45.22M | -13.24M |
| Free Cash Flow Per Share | -0.23 | -0.32 | -0.35 | -1.15 | -1.52 | -0.46 |
| Gross Margin | 43.95% | 43.27% | 40.66% | 41.32% | 44.26% | 18.59% |
| Operating Margin | -3.29% | -3.47% | -7.16% | -9.11% | -6.51% | -41.40% |
| Profit Margin | -11.43% | -10.87% | -1.19% | -7.28% | 12.60% | 92.59% |
| Free Cash Flow Margin | -6.25% | -8.78% | -10.12% | -37.20% | -55.67% | -23.23% |
| EBITDA | 21.95M | 21.03M | 14.65M | 11.01M | 10.04M | -13.32M |
| EBITDA Margin | 19.00% | 18.38% | 13.53% | 11.44% | 12.36% | -23.39% |
| D&A For EBITDA | 25.75M | 24.99M | 22.40M | 19.78M | 15.33M | 10.26M |
| EBIT | -3.80M | -3.96M | -7.75M | -8.77M | -5.29M | -23.59M |
| EBIT Margin | -3.29% | -3.47% | -7.16% | -9.11% | -6.51% | -41.40% |
| Effective Tax Rate | 24.18% | |||||
| Revenue as Reported | 115.52M | 114.38M | 108.27M | 96.25M | 81.23M | 56.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.10M | 28.62M | 28.29M | 21.95M | 25.49M | 72.51M |
| Short-Term Investments | 3.76M | 29.05M | 47.35M | 26.96M | 15.06M | 75.35M |
| Trading Asset Securities | 16.44M | 20.67M | 10.98M | 47.11M | 33.52M | 87.54M |
| Cash & Short-Term Investments | 35.30M | 78.35M | 86.61M | 96.02M | 74.07M | 235.40M |
| Accounts Receivable | 5.02M | 10.40M | 10.27M | 8.86M | 5.83M | 4.47M |
| Other Receivables | 456.00K | 5.62M | 2.17M | 3.47M | 196.07K | 32.23K |
| Receivables | 5.48M | 16.02M | 12.43M | 12.33M | 6.03M | 4.50M |
| Prepaid Expenses | 3.14M | 6.47M | 5.49M | 5.57M | 4.69M | 2.86M |
| Restricted Cash | 1.10M | 4.18M | 2.93M | 3.36M | 8.15M | |
| Other Current Assets | 79.97M | 13.91M | 9.97M | 14.10M | 21.03M | 147.95M |
| Total Current Assets | 124.98M | 118.94M | 117.45M | 131.39M | 113.96M | 390.71M |
| Property, Plant & Equipment | 228.25M | 231.03M | 221.34M | 205.67M | 180.31M | 137.71M |
| Long-Term Investments | 111.50M | 126.25M | 146.52M | 181.35M | 144.36M | 80.98M |
| Goodwill | 171.06M | 182.38M | 182.38M | 182.38M | 179.46M | 151.34M |
| Other Intangible Assets | 44.81M | 48.88M | 56.16M | 62.95M | 66.62M | 44.35M |
| Long-Term Deferred Charges | 2.33M | 5.42M | 4.34M | 4.36M | 2.97M | 1.81M |
| Other Long-Term Assets | 127.00K | 172.09K | 171.81K | 119.37K | 116.40K | 156.35K |
| Total Assets | 683.05M | 713.07M | 728.35M | 768.21M | 687.80M | 807.05M |
| Accounts Payable | 8.31M | 13.95M | 16.38M | 18.44M | 10.96M | 10.27M |
| Accrued Expenses | 15.00M | |||||
| Current Portion of Long-Term Debt | 2.40M | 2.39M | 1.20M | 814.67K | 1.55M | 1.49M |
| Current Portion of Leases | 4.67M | 5.27M | 5.33M | 5.09M | 5.20M | 4.58M |
| Current Unearned Revenue | 3.12M | 16.75M | 16.03M | 12.33M | 9.69M | 7.12M |
| Other Current Liabilities | 42.48M | 21.81M | 15.97M | 14.72M | 25.58M | 15.56M |
| Total Current Liabilities | 60.98M | 60.17M | 54.91M | 51.39M | 52.98M | 54.03M |
| Long-Term Debt | 45.18M | 46.38M | 38.36M | 26.52M | 26.95M | 28.51M |
| Long-Term Leases | 49.27M | 54.38M | 54.99M | 56.44M | 59.28M | 56.03M |
| Long-Term Deferred Tax Liabilities | 7.95M | 11.74M | 11.93M | 12.11M | 14.94M | 17.75M |
| Other Long-Term Liabilities | 4.40M | 4.32M | 5.43M | 5.30M | 3.91M | 10.14M |
| Total Liabilities | 167.77M | 177.00M | 165.63M | 151.75M | 158.06M | 166.46M |
| Common Stock | 32.00K | 31.60K | 31.47K | 31.31K | 29.71K | 29.70K |
| Additional Paid-In Capital | 540.76M | 540.71M | 539.13M | 522.51M | 483.92M | 483.86M |
| Retained Earnings | -20.94M | -17.18M | -4.75M | 15.67M | 22.67M | 12.44M |
| Treasury Stock | -18.00M | -7.43M | -1.59M | |||
| Total Common Equity | 501.85M | 516.14M | 532.82M | 538.21M | 506.62M | 496.33M |
| Minority Interest | 13.43M | 19.94M | 29.90M | 78.24M | 23.12M | 144.27M |
| Shareholders' Equity | 515.28M | 536.07M | 562.72M | 616.45M | 529.74M | 640.60M |
| Total Liabilities & Equity | 683.05M | 713.07M | 728.35M | 768.21M | 687.80M | 807.05M |
| Total Debt | 101.52M | 108.42M | 99.89M | 88.86M | 92.98M | 90.61M |
| Net Cash (Debt) | -66.22M | -30.08M | -13.28M | 7.16M | -18.91M | 144.79M |
| Net Cash Per Share | -2.14 | -0.96 | -0.42 | 0.23 | -0.64 | 4.98 |
| Filing Date Shares Outstanding | 30.13M | 30.67M | 31.45M | 31.35M | 30.82M | 29.70M |
| Total Common Shares Outstanding | 30.21M | 31.04M | 31.47M | 31.31M | 29.71M | 29.70M |
| Working Capital | 64.00M | 58.76M | 62.54M | 80.00M | 60.98M | 336.68M |
| Book Value Per Share | 16.61 | 16.63 | 16.93 | 17.19 | 17.05 | 16.71 |
| Tangible Book Value | 285.99M | 284.87M | 294.28M | 292.88M | 260.53M | 300.64M |
| Tangible Book Value Per Share | 9.47 | 9.18 | 9.35 | 9.35 | 8.77 | 10.12 |
| Land | 599.00K | 598.99K | 583.89K | 583.89K | 14.32M | 7.04M |
| Buildings | 69.77M | 69.00M | 67.16M | 65.74M | 63.59M | 56.09M |
| Machinery | 16.62M | 17.37M | 16.85M | 16.08M | 11.66M | 8.43M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -13.20M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
| Depreciation & Amortization | 31.52M | 30.66M | 27.89M | 25.27M | 20.64M | 14.69M |
| Loss (Gain) From Sale of Assets | -246.84K | -35.84K | 720.69K | 84.41K | -25.04M | 178.91K |
| Loss (Gain) From Sale of Investments | 11.69M | 19.87M | -29.06M | 15.64M | -93.16M | |
| Loss (Gain) on Equity Investments | -616.67K | -6.54M | 17.28M | 7.89M | -2.70M | -878.92K |
| Stock-Based Compensation | 409.75K | 1.06M | 917.79K | |||
| Provision & Write-off of Bad Debts | 371.09K | 385.09K | 318.52K | 252.96K | 163.58K | 52.33K |
| Other Operating Activities | -3.87M | -7.22M | 3.07M | -8.37M | -5.41M | 17.57M |
| Change in Accounts Receivable | 284.44K | 431.44K | -610.86K | -6.56M | -1.42M | -63.09K |
| Change in Accounts Payable | 331.64K | -1.81M | 3.92M | 7.64M | -12.28M | 17.36M |
| Change in Unearned Revenue | 584.55K | 724.55K | 3.70M | 2.64M | 2.57M | 1.25M |
| Change in Other Net Operating Assets | -7.45M | -7.24M | -5.62M | -5.77M | -7.56M | -1.98M |
| Operating Cash Flow | 18.30M | 17.86M | 21.24M | 16.06M | -5.17M | 7.77M |
| Capital Expenditures | -25.52M | -27.90M | -32.20M | -51.87M | -40.06M | -21.01M |
| Cash Acquisitions | -15.51K | -14.51K | -496.90K | -14.96M | -52.56M | -41.76M |
| Investment in Securities | 26.18M | 14.37M | 60.80M | 2.82M | 180.48M | -2.90M |
| Other Investing Activities | 5.02M | -248.27K | 20.00M | |||
| Investing Cash Flow | 5.67M | -13.55M | 28.10M | -64.25M | 87.86M | -45.67M |
| Long-Term Debt Issued | 11.50M | 13.50M | 8.13M | |||
| Long-Term Debt Repaid | -2.29M | -1.27M | -1.16M | -1.50M | -1.18M | |
| Net Debt Issued (Repaid) | 1.81M | 9.21M | 12.23M | -1.16M | -1.50M | 6.94M |
| Issuance of Common Stock | 256.00 | 525.26K | 37.53M | 205.39K | 62.85M | |
| Repurchase of Common Stock | -16.24M | -5.75M | -18.35M | |||
| Other Financing Activities | -15.12M | -2.77M | -41.43M | -3.42M | -108.43M | -5.15M |
| Financing Cash Flow | -29.55M | 1.21M | -47.56M | 32.94M | -109.73M | 64.64M |
| Net Cash Flow | -5.58M | 5.52M | 1.78M | -15.25M | -27.03M | 26.74M |
| Free Cash Flow | -7.22M | -10.04M | -10.96M | -35.81M | -45.22M | -13.24M |
| Free Cash Flow Margin | -6.25% | -8.78% | -10.12% | -37.20% | -55.67% | -23.23% |
| Free Cash Flow Per Share | -0.23 | -0.32 | -0.35 | -1.15 | -1.52 | -0.46 |
| Levered Free Cash Flow | -50.32M | -5.72M | -1.81M | -29.01M | 90.22M | 18.28M |
| Unlevered Free Cash Flow | -48.81M | -4.27M | -812.73K | -28.29M | 90.97M | 18.88M |
| Cash Interest Paid | 2.35M | 2.35M | 1.53M | 1.13M | 1.17M | 923.38K |
| Cash Income Tax Paid | 88.94K | 50.94K | 99.65K | |||
| Change in Working Capital | -6.25M | -7.90M | 1.39M | -2.06M | -18.69M | 16.57M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 389.84M | 389.08M | 444.88M | 492.43M | 787.01M | 851.83M |
| Enterprise Value | 456.05M | 427.03M | 490.79M | 559.23M | 796.42M | 824.15M |
| Last Close Price | 12.94 | 12.37 | 14.18 | 15.73 | 26.50 | 28.73 |
| PE Ratio | 76.91 | 16.15 | ||||
| Forward PE | 229.58 | 229.58 | 229.58 | 229.58 | 46.72 | |
| PS Ratio | 3.37 | 3.40 | 4.11 | 5.12 | 9.69 | 14.95 |
| PB Ratio | 0.78 | 0.73 | 0.79 | 0.80 | 1.49 | 1.33 |
| P/TBV Ratio | 1.36 | 1.37 | 1.51 | 1.68 | 3.02 | 2.83 |
| P/OCF Ratio | 21.31 | 21.79 | 20.94 | 30.66 | 109.66 | |
| PEG Ratio | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | |
| EV/Sales Ratio | 3.95 | 3.73 | 4.53 | 5.81 | 9.80 | 14.47 |
| EV/EBITDA Ratio | 20.77 | 20.31 | 33.50 | 50.78 | 79.33 | |
| Debt / Equity Ratio | 0.20 | 0.20 | 0.18 | 0.14 | 0.18 | 0.14 |
| Debt / EBITDA Ratio | 3.05 | 3.30 | 3.82 | 4.03 | 4.58 | |
| Net Debt / Equity Ratio | 0.13 | 0.06 | 0.02 | -0.01 | 0.04 | -0.23 |
| Net Debt / EBITDA Ratio | 3.02 | 1.43 | 0.91 | -0.65 | 1.88 | 10.87 |
| Net Debt / FCF Ratio | -9.17 | -3.00 | -1.21 | 0.20 | -0.42 | 10.94 |
| Asset Turnover | 0.16 | 0.16 | 0.14 | 0.13 | 0.11 | 0.08 |
| Quick Ratio | 0.67 | 1.57 | 1.80 | 2.11 | 1.51 | 4.44 |
| Current Ratio | 2.05 | 1.98 | 2.14 | 2.56 | 2.15 | 7.23 |
| Return on Equity (ROE) | -2.93% | -3.33% | 0.57% | -1.08% | 1.77% | 9.51% |
| Return on Assets (ROA) | -0.34% | -0.34% | -0.65% | -0.75% | -0.44% | -2.04% |
| Return on Invested Capital (ROIC) | -0.67% | -0.69% | -1.31% | -1.51% | -1.01% | -3.79% |
| Return on Capital Employed (ROCE) | -0.60% | -0.60% | -1.20% | -1.20% | -0.80% | -3.10% |
| Earnings Yield | -3.36% | -3.19% | -0.29% | -1.42% | 1.30% | 6.19% |
| FCF Yield | -1.85% | -2.58% | -2.46% | -7.27% | -5.75% | -1.55% |
| Buyback Yield / Dilution | 1.34% | 0.26% | -1.30% | -4.46% | -2.48% | -13.13% |