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Boston Omaha

BOC

Boston Omaha Corporation is a diversified holding company that acquires and operates businesses across multiple industries with a focus on long-term earnings power and durable cash flows.

Market cap
$429.35M-3.9%
Revenue$114.9M+4.0%
Net income-$13.9M-357%
Free cash flow-$8.4M+15.2%
EPS (diluted)-$0.44-91.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (in a month)
Revenue estimate$29.5M
EPS estimate-$0.03

Financials

Q1 2026

Income statement

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Revenue$28.2M+1.9%
Operating income-$2.2M-174%
Net income-$2.1M-221%
EPS (diluted)-$0.07-250%

Balance sheet

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Cash & equivalents$28.8M+29.3%
Total debt$105.6M+1.7%
Total equity$509.2M-4.5%
Total assets$696.2M-4.7%

Cash flow

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Operating cash flow$3.9M+51.2%
CapEx$6.5M-5.5%
Free cash flow-$2.6M+39.1%

Valuation & ratios

Valuation

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Market cap$429.35M-3.9%
Enterprise value$506.21M-2.8%
P/S3.7×-0.2×

Profitability

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Operating margin-4.6%-1.0pp
Net margin-12.1%-17.0pp
FCF margin-7.3%-1.1pp

Returns & leverage

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Return on equity-2.7%-3.7pp
Debt / equity0.2×0.0×
Current ratio1.9×-0.4×

Segments

By segment

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LMH$11.0M+1.9%
BOB$10.8M+4.2%
GIG$6.5M-1.6%
BOAM$1.0K-92.3%

By product

See full
Billboard Rentals$11.0M+1.9%
Broadband Services$10.8M+4.2%

Competitors

Profile

Boston Omaha Corporation is a diversified holding company that acquires and operates businesses across multiple industries with a focus on long-term earnings power and durable cash flows. The company primarily operates in outdoor billboard advertising, broadband internet services, and surety insurance, while also managing a portfolio of minority investments and real estate assets. Its core value proposition is the disciplined allocation of capital to businesses with high barriers to entry and attractive returns on tangible equity.

Competitive position

BOC maintains a leading position in Midwest billboard markets and acts as a consolidator in fragmented rural broadband and specialty insurance sectors.

GeographiesUnited States
Customer segmentsB2B, B2C, SMB, Enterprise
Business modelSubscription, Asset-heavy, Insurance Underwriting, Investment Management
SuppliersBillboard Structure Manufacturers, Fiber Optic Cable Suppliers, Landowners (Site Leases), Reinsurance Providers, FCC Licensing
CustomersRetail Consumers, Construction Firms, Local Businesses, National Brand Advertisers
Listed2016
Employees440.0
CEOAdam Kenneth Peterson
FilingsSEC EDGAR

Questions, answered.

What is Boston Omaha's market cap?
Boston Omaha (BOC) has a market capitalization of $429.4M and trades on NYSE.
What is Boston Omaha's revenue and profitability?
Boston Omaha generated $114.9M in trailing twelve-month revenue with a net loss of $13.9M, representing a net margin of -12.1%. Gross margin stands at 72.6%, with free cash flow of -$8.4M. These figures are based on the Q1 2026 filing.
Who are Boston Omaha's competitors?
Boston Omaha's key competitors include Clear Channel Outdoor, Outfront Media, Lamar Advertising Company, and others. These companies compete in similar markets and product categories.
Who does Boston Omaha partner with?
Boston Omaha's notable partners include First National Bank of Omaha.
What subsidiaries does Boston Omaha have?
Boston Omaha's subsidiaries include Link Media Holdings, LLC, Boston Omaha Broadband, LLC, General Indemnity Group, LLC, and others.
Where is Boston Omaha headquartered?
Boston Omaha is headquartered in United States of America and employs approximately 440 people. It has been publicly traded since 2016.