NYSE : OUT
OUTFRONT Media Inc. — Financial statements
Real Estate · REIT - Specialty · United States
Last price 32 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.64B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.93B | 1.83B | 1.83B | 1.82B | 1.77B | 1.18B |
| Other Revenue | 281.60M | |||||
| Total Revenue | 1.93B | 1.83B | 1.83B | 1.82B | 1.77B | 1.46B |
| Property Expenses | 939.30M | 918.50M | 949.00M | 963.10M | 916.60M | 784.00M |
| Selling, General & Administrative | 446.70M | 441.70M | 447.90M | 429.70M | 422.10M | 368.20M |
| Depreciation & Amortization | 84.10M | 90.60M | 79.50M | 79.30M | 77.40M | 79.40M |
| Total Operating Expenses | 1.54B | 1.52B | 1.55B | 1.55B | 1.49B | 1.30B |
| Operating Income | 393.50M | 311.30M | 282.50M | 267.30M | 282.70M | 166.30M |
| Interest Expense | -146.10M | -146.40M | -156.20M | -158.40M | -131.80M | -130.40M |
| Income (Loss) on Equity Investments | 500.00K | 2.50M | 600.00K | -1.10M | 2.80M | 1.40M |
| Other Non-Operating Income | 1.00M | 300.00K | -200.00K | |||
| EBT Excluding Unusual Items | 247.90M | 167.40M | 127.90M | 108.10M | 153.50M | 37.30M |
| Impairment of Goodwill | -47.60M | |||||
| Gain (Loss) on Sale of Assets | 2.20M | 2.30M | 160.90M | 14.20M | -200.00K | 4.50M |
| Asset Writedown | -17.90M | -487.10M | -2.50M | |||
| Other Unusual Items | -2.00M | -600.00K | -1.20M | -8.10M | -6.30M | |
| Pretax Income | 247.80M | 149.00M | 269.70M | -420.50M | 153.30M | 33.00M |
| Income Tax Expense | 2.60M | 2.00M | 11.00M | 4.00M | 9.40M | -3.40M |
| Earnings From Continuing Operations | 245.20M | 147.00M | 258.70M | -424.50M | 143.90M | 36.40M |
| Minority Interest in Earnings | -500.00K | -500.00K | -700.00K | -1.20M | -800.00K | |
| Net Income | 244.70M | 147.00M | 258.20M | -425.20M | 142.70M | 35.60M |
| Preferred Dividends & Other Adjustments | 3.50M | 7.90M | 8.80M | 8.80M | 12.10M | 28.10M |
| Net Income to Common | 241.20M | 139.10M | 249.40M | -434.00M | 130.60M | 7.50M |
| Basic Shares Outstanding | 172.30M | 167.80M | 161.90M | 161.00M | 157.20M | 141.92M |
| Diluted Shares Outstanding | 174.45M | 169.20M | 170.80M | 161.00M | 157.90M | 142.60M |
| EPS (Basic) | 1.40 | 0.83 | 1.54 | -2.70 | 0.83 | 0.05 |
| EPS (Diluted) | 1.37 | 0.82 | 1.51 | -2.70 | 0.83 | 0.05 |
| Dividend Per Share | 1.20 | 1.20 | 1.23 | 1.23 | 1.23 | 0.20 |
| Operating Margin | 20.36% | 16.99% | 15.43% | 14.68% | 15.95% | 11.36% |
| Profit Margin | 12.48% | 7.59% | 13.62% | -23.84% | 7.37% | 0.51% |
| EBITDA | 493.50M | 418.20M | 378.50M | 430.90M | 436.20M | 314.40M |
| EBITDA Margin | 25.53% | 22.83% | 20.67% | 23.67% | 24.62% | 21.48% |
| D&A For Ebitda | 100.00M | 106.90M | 96.00M | 163.60M | 153.50M | 148.10M |
| EBIT | 393.50M | 311.30M | 282.50M | 267.30M | 282.70M | 166.30M |
| EBIT Margin | 20.36% | 16.99% | 15.43% | 14.68% | 15.95% | 11.36% |
| Funds From Operations (FFO) | 423.60M | 333.50M | 303.60M | 130.00M | 325.20M | 195.10M |
| Adjusted Funds From Operations (AFFO) | 409.30M | 337.70M | 306.00M | 270.60M | 311.30M | 205.10M |
| FFO Payout Ratio | 49.06% | 60.69% | 65.74% | 152.46% | 60.58% | 15.12% |
| Effective Tax Rate | 1.05% | 1.34% | 4.08% | 6.13% | ||
| Revenue as Reported | 1.46B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 2.22B | 2.17B | 2.15B | 2.25B | 2.26B | 2.13B |
| Cash & Equivalents | 31.20M | 99.90M | 46.90M | 36.00M | 40.40M | 424.80M |
| Accounts Receivable | 352.30M | 365.70M | 305.30M | 287.60M | 315.50M | 310.50M |
| Goodwill | 2.01B | 2.01B | 2.01B | 2.01B | 2.08B | 2.08B |
| Other Intangible Assets | 598.50M | 612.00M | 652.00M | 695.40M | 858.50M | 614.90M |
| Other Current Assets | 31.80M | 38.10M | 33.60M | 74.00M | 34.50M | 42.00M |
| Other Long-Term Assets | 32.30M | 24.20M | 18.30M | 233.80M | 402.30M | 321.30M |
| Total Assets | 5.27B | 5.31B | 5.22B | 5.58B | 5.99B | 5.92B |
| Current Portion of Long-Term Debt | 400.00K | |||||
| Current Portion of Leases | 178.70M | 172.90M | 168.70M | 180.90M | 188.10M | 187.50M |
| Long-Term Debt | 2.43B | 2.58B | 2.48B | 2.68B | 2.63B | 2.62B |
| Long-Term Leases | 1.42B | 1.37B | 1.35B | 1.42B | 1.37B | 1.31B |
| Accounts Payable | 36.00M | 50.20M | 51.40M | 55.50M | 65.40M | 64.90M |
| Accrued Expenses | 151.10M | 162.90M | 145.50M | 131.80M | 146.70M | 145.50M |
| Current Unearned Revenue | 127.40M | 129.90M | 125.60M | 117.70M | 100.20M | 91.00M |
| Other Current Liabilities | 26.60M | 29.40M | 19.60M | 42.10M | 21.20M | 18.40M |
| Long-Term Deferred Tax Liabilities | 15.20M | 17.20M | ||||
| Other Long-Term Liabilities | 76.30M | 74.30M | 76.10M | 165.90M | 79.00M | 80.30M |
| Total Liabilities | 4.55B | 4.58B | 4.43B | 4.85B | 4.64B | 4.53B |
| Preferred Stock, Convertible | 119.80M | 119.80M | 119.80M | 383.40M | ||
| Common Stock | 1.80M | 1.80M | 1.70M | 1.70M | 1.60M | 1.50M |
| Additional Paid-In Capital | 2.61B | 2.62B | 2.49B | 2.40B | 2.42B | 2.12B |
| Distributions in Excess of Earnings | -1.92B | -1.91B | -1.85B | -1.82B | -1.18B | -1.12B |
| Comprehensive Income & Other | 100.00K | 100.00K | -100.00K | -5.80M | -9.10M | -4.40M |
| Total Common Equity | 693.30M | 710.40M | 649.00M | 577.30M | 1.23B | 994.10M |
| Minority Interest | 27.10M | 23.50M | 15.20M | 33.00M | 4.00M | 13.00M |
| Shareholders' Equity | 720.40M | 733.90M | 784.00M | 730.10M | 1.35B | 1.39B |
| Total Liabilities & Equity | 5.27B | 5.31B | 5.22B | 5.58B | 5.99B | 5.92B |
| Total Debt | 4.13B | 4.13B | 4.01B | 4.34B | 4.21B | 4.12B |
| Net Cash (Debt) | -4.10B | -4.03B | -3.97B | -4.30B | -4.17B | -3.69B |
| Net Cash Per Share | -23.51 | -23.82 | -23.22 | -26.73 | -26.43 | -25.89 |
| Filing Date Shares Outstanding | 176.14M | 176.05M | 167.02M | 161.90M | 161.03M | 142.74M |
| Total Common Shares Outstanding | 176.13M | 175.20M | 162.02M | 161.14M | 160.22M | 142.15M |
| Book Value Per Share | 3.94 | 4.05 | 4.01 | 3.58 | 7.65 | 6.99 |
| Tangible Book Value | -1.91B | -1.91B | -2.01B | -2.12B | -1.71B | -1.70B |
| Tangible Book Value Per Share | -10.85 | -10.89 | -12.40 | -13.18 | -10.67 | -11.95 |
| Land | 110.30M | 110.40M | 110.20M | 110.10M | 112.20M | 102.90M |
| Buildings | 49.50M | 49.00M | 47.10M | 42.70M | 56.50M | 50.30M |
| Construction In Progress | 28.20M | 29.60M | 32.90M | 39.50M | 38.50M | 38.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 244.70M | 147.00M | 258.20M | -425.20M | 142.70M | 35.60M |
| Depreciation & Amortization | 100.00M | 106.90M | 96.00M | 163.60M | 153.50M | 148.10M |
| Other Amortization | 61.80M | 61.90M | 64.50M | 6.70M | 6.50M | 7.10M |
| Gain (Loss) on Sale of Assets | -2.20M | -2.30M | -160.90M | -14.20M | 200.00K | -4.50M |
| Asset Writedown | 511.40M | 2.50M | ||||
| Stock-Based Compensation | 24.80M | 30.00M | 30.80M | 28.40M | 33.80M | 28.60M |
| Income (Loss) on Equity Investments | 200.00K | -1.90M | 500.00K | 2.10M | -900.00K | -700.00K |
| Change in Accounts Receivable | -61.70M | -67.00M | -23.30M | -4.00M | -11.20M | -94.60M |
| Change in Accounts Payable | -11.60M | 4.30M | 13.70M | -9.20M | 4.90M | 38.90M |
| Change in Other Net Operating Assets | 13.30M | 6.80M | 7.70M | -20.80M | -92.00M | -61.60M |
| Other Operating Activities | 2.00M | 600.00K | 8.00M | 4.70M | 1.60M | |
| Operating Cash Flow | 390.60M | 307.60M | 299.20M | 254.20M | 254.10M | 98.80M |
| Acquisition of Real Estate Assets | -87.20M | -88.80M | -78.10M | -86.80M | -89.80M | -73.80M |
| Sale of Real Estate Assets | 6.00M | 6.30M | 317.60M | 12.40M | 1.30M | 2.80M |
| Net Sale / Acq. of Real Estate Assets | -81.20M | -82.50M | 239.50M | -74.40M | -88.50M | -71.00M |
| Cash Acquisition | -23.80M | -13.10M | -19.50M | -33.70M | -353.90M | -136.50M |
| Investment in Marketable & Equity Securities | -8.00M | 1.50M | -500.00K | -300.00K | ||
| Investing Cash Flow | -125.00M | -113.70M | 207.50M | -107.50M | -449.50M | -224.00M |
| Short-Term Debt Issued | 90.00M | 145.00M | 120.00M | 30.00M | ||
| Long-Term Debt Issued | 499.40M | 450.00M | 500.00M | |||
| Total Debt Issued | 1.10B | 589.40M | 145.00M | 570.00M | 30.00M | 500.00M |
| Short-Term Debt Repaid | -100.00M | -200.00M | -85.00M | -80.00M | ||
| Long-Term Debt Repaid | -400.00M | -200.00M | -400.00M | -500.00M | ||
| Total Debt Repaid | -1.12B | -500.00M | -400.00M | -485.00M | -580.00M | |
| Net Debt Issued (Repaid) | -20.60M | 89.40M | -255.00M | 85.00M | 30.00M | -80.00M |
| Repurchase of Common Stock | -18.90M | -14.50M | -7.80M | -12.50M | -11.80M | -9.00M |
| Common Dividends Paid | -207.80M | -202.40M | -199.60M | -198.20M | -197.00M | -29.50M |
| Preferred Dividends Paid | -3.50M | -7.90M | -8.80M | -8.80M | -8.80M | -28.00M |
| Total Dividends Paid | -211.30M | -210.30M | -208.40M | -207.00M | -205.80M | -57.50M |
| Other Financing Activities | -12.10M | -5.50M | -24.20M | -17.00M | -400.00K | -15.70M |
| Foreign Exchange Rate Adjustments | -400.00K | 400.00K | -1.00M | 200.00K | ||
| Net Cash Flow | 2.70M | 53.00M | 10.90M | -4.40M | -384.40M | -287.20M |
| Levered Free Cash Flow | 193.72M | 158.86M | 197.84M | 182.56M | 207.71M | 69.14M |
| Unlevered Free Cash Flow | 279.54M | 244.56M | 289.36M | 274.86M | 283.59M | 143.54M |
| Cash Interest Paid | 153.20M | 140.90M | 151.60M | 150.70M | 126.30M | 117.80M |
| Cash Income Tax Paid | 3.00M | 2.20M | 11.50M | 6.70M | 3.30M | 1.70M |
| Change in Working Capital | -50.20M | -41.20M | 3.90M | -33.10M | -92.50M | -116.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.64B | 4.03B | 2.94B | 2.30B | 2.72B | 3.91B |
| Enterprise Value | 9.74B | 8.23B | 7.11B | 6.83B | 6.93B | 7.86B |
| Last Close Price | 32.00 | 23.36 | 16.51 | 11.74 | 12.77 | 19.46 |
| PE Ratio | 23.31 | 28.97 | 11.81 | 20.84 | 520.73 | |
| PS Ratio | 2.92 | 2.20 | 1.61 | 1.27 | 1.54 | 2.67 |
| PB Ratio | 8.13 | 5.49 | 3.76 | 3.16 | 2.02 | 2.81 |
| P/OCF Ratio | 14.43 | 13.10 | 9.84 | 9.06 | 10.71 | 39.53 |
| EV/Sales Ratio | 5.04 | 4.49 | 3.89 | 3.75 | 3.91 | 5.37 |
| EV/EBITDA Ratio | 19.73 | 19.68 | 18.80 | 15.85 | 15.88 | 25.01 |
| EV/EBIT Ratio | 24.75 | 26.44 | 25.18 | 25.54 | 24.51 | 47.28 |
| Debt / Equity Ratio | 5.74 | 5.63 | 5.12 | 5.94 | 3.12 | 2.96 |
| Debt / EBITDA Ratio | 3.83 | 4.17 | 4.02 | 4.02 | 4.12 | 5.11 |
| Net Debt / Equity Ratio | 5.69 | 5.49 | 5.06 | 5.89 | 3.09 | 2.65 |
| Net Debt / EBITDA Ratio | 8.31 | 9.64 | 10.48 | 9.99 | 9.57 | 11.74 |
| Asset Turnover | 0.37 | 0.35 | 0.34 | 0.32 | 0.30 | 0.25 |
| Quick Ratio | 0.62 | 0.85 | 0.68 | 0.55 | 0.65 | 1.45 |
| Current Ratio | 0.67 | 0.92 | 0.74 | 0.67 | 0.71 | 1.53 |
| Return on Equity (ROE) | 35.02% | 19.37% | 34.17% | -40.83% | 10.51% | 2.62% |
| Return on Assets (ROA) | 4.72% | 3.70% | 3.27% | 2.89% | 2.97% | 1.76% |
| Return on Invested Capital (ROIC) | 8.02% | 6.36% | 5.49% | 5.03% | 4.79% | 3.02% |
| Earnings Yield | 4.29% | 3.65% | 8.77% | -18.45% | 5.24% | 0.91% |
| Dividend Yield | 4.12% | 5.22% | 6.77% | 8.60% | 7.24% | 0.75% |
| Payout Ratio | 89.60% | 143.06% | 80.71% | 144.22% | 161.52% | |
| Buyback Yield / Dilution | -3.16% | 0.94% | -6.09% | -1.96% | -10.73% | -1.25% |
| Total Shareholder Return | 0.96% | 6.15% | 0.68% | 6.64% | -3.49% | -0.50% |