Boston Omaha (BOC) AI Stock Analysis

• Market Cap: $390.65M
• Dividend Yield: N/A
• Average Volume (3M): 173.38K
• Price to Earnings (P/E): 498.8
• Beta (1Y): 0.33
• Revenue Growth: 7.22%
• EPS Growth: 97.88%
• Country: US
• Employees: 407
• Sector: Industrials
• Sector Strength: 72
• Industry: Advertising Agencies
• EPS (TTM): -0.08
• Shares Outstanding: 30,872,875
• 10 Day Avg. Volume: 172,422
• 30 Day Avg. Volume: 173,381
• PEG Ratio: 4.21
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 4.12
• P/FCF Ratio: -40.75
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $22.00
• Price Target Upside: 91.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $11.50 ▼(-0.09% Downside)

Boston Omaha's overall stock score is primarily impacted by its weak technical indicators and high valuation concerns. While the company has a strong balance sheet and stable revenue growth, these positives are overshadowed by operational inefficiencies and liquidity challenges.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities and weather economic downturns.

Revenue Growth

Consistent revenue growth, supported by a strong gross profit margin, indicates effective business operations and potential for long-term value creation.

Diversified Revenue Streams

Diversified revenue streams reduce risk and enhance stability, enabling the company to capitalize on multiple market opportunities and mitigate sector-specific downturns.

Negative Factors

Operational Inefficiencies

Operational inefficiencies, as indicated by a negative EBIT margin, can hinder profitability and limit the company's ability to reinvest in growth and innovation.

Cash Flow Challenges

Negative free cash flow suggests liquidity challenges, which can impact the company's ability to fund operations, invest in growth, and meet financial obligations.

Low Profitability

Low profitability limits the company's ability to generate returns for shareholders and reinvest in business expansion, potentially affecting long-term growth prospects.

Boston Omaha Business Overview & Revenue Model

Company Description

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities. As of March 25, 2022, it operated approximately 3,900 billboards containing approximately 7,400 advertising faces of which 80 are digital displays. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.

How the Company Makes Money

Boston Omaha generates revenue through several key streams. The primary source of income comes from its insurance operations, where it earns premiums from policyholders. The company also collects investment income from its insurance reserves. In the outdoor advertising segment, BOC generates revenue by leasing advertising space on billboards and other advertising structures, benefiting from long-term contracts with advertisers. Additionally, BOC may realize gains from investments in other businesses and assets, contributing to its overall profitability. Strategic partnerships and acquisitions in both sectors further enhance its revenue potential, allowing the company to scale operations and diversify its income sources.

Boston Omaha Financial Statement Overview

Summary

Boston Omaha shows stable revenue growth and strong gross profit margins, but struggles with profitability and cash flow. The balance sheet is robust with low leverage, yet operational efficiency and cash flow management need improvement.

Income Statement

Boston Omaha's income statement shows a mixed performance. The company has achieved a positive revenue growth rate of 1.01% TTM, indicating a steady increase in sales. However, the net profit margin is low at 0.68% TTM, reflecting challenges in converting revenue into profit. The gross profit margin remains strong at 81.97% TTM, suggesting efficient cost management in production. Despite these strengths, the negative EBIT margin of -3.10% TTM highlights operational inefficiencies.

Balance Sheet

The balance sheet of Boston Omaha is relatively strong, with a low debt-to-equity ratio of 0.013 TTM, indicating minimal leverage and financial risk. The equity ratio of 72.68% TTM suggests a solid equity base relative to total assets. However, the return on equity is low at 0.14% TTM, pointing to limited profitability from shareholder investments.

Cash Flow

Cash flow analysis reveals some concerns. The operating cash flow to net income ratio is 0.38 TTM, indicating moderate cash generation from operations. However, the free cash flow is negative, with a significant decline of -61.38% TTM, suggesting challenges in maintaining liquidity. The free cash flow to net income ratio is also negative, reflecting difficulties in generating free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	112.60M	108.27M	96.25M	81.23M	56.97M	45.74M
Gross Profit	81.65M	73.93M	64.35M	54.54M	38.38M	27.23M
EBITDA	25.92M	32.59M	17.27M	29.73M	88.82M	10.22M
Net Income	-231.27K	-1.29M	-7.00M	10.23M	52.75M	-49.09K
Balance Sheet
Total Assets	0.00	728.35M	768.21M	683.72M	807.05M	640.71M
Cash, Cash Equivalents and Short-Term Investments	0.00	86.61M	96.02M	74.07M	235.40M	153.52M
Total Debt	7.19M	99.89M	88.86M	92.98M	90.61M	74.99M
Total Liabilities	173.43M	165.63M	151.75M	157.07M	166.46M	114.11M
Stockholders Equity	528.38M	532.82M	538.21M	503.53M	496.33M	402.88M
Cash Flow
Free Cash Flow	-11.00M	-10.96M	-35.81M	-45.22M	-13.24M	-3.40M
Operating Cash Flow	19.77M	21.24M	16.06M	-5.17M	7.77M	5.17M
Investing Cash Flow	-48.99M	28.10M	-64.25M	-27.41M	-45.67M	-169.40M
Financing Cash Flow	23.61M	-47.56M	32.94M	5.54M	64.64M	202.81M

Boston Omaha Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOC, the sentiment is Negative. The current price of 11.51 is below the 20-day moving average (MA) of 12.93, below the 50-day MA of 13.22, and below the 200-day MA of 13.94, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 22.78 is Positive, neither overbought nor oversold. The STOCH value of 26.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOC.

Boston Omaha Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QNST	65 Neutral	$863.99M	191.84	4.55%	―	43.12%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CCO	52 Neutral	$964.77M	―	―	―	-29.67%	30.13%
NCMI	50 Neutral	$403.47M	-26.20	-4.10%	2.93%	-3.67%	34.36%
BOC	47 Neutral	$390.65M	498.79	-0.04%	―	7.22%	97.88%
ADV	44 Neutral	$400.91M	-1.19	-29.47%	―	-7.12%	-7.75%
VSME	31 Underperform	$25.55M	-6.87	-194.72%	―	-11.51%	74.52%

Boston Omaha Corporate Events

Boston Omaha Corporation Reports Q3 2025 Financial Results

Boston Omaha Corporation is a public holding company engaged in outdoor advertising, broadband telecommunications services, surety insurance, and asset management. The company has released its financial results for the third quarter of 2025, showing a slight increase in total revenues compared to the same period last year. Despite the growth in revenue, Boston Omaha Corporation reported a net loss attributable to common stockholders, which increased from the previous year. The company’s billboard rentals and broadband services segments contributed significantly to the revenue, while net other expenses, including losses from investments and interest expenses, impacted overall profitability. Looking ahead, Boston Omaha Corporation remains focused on its strategic initiatives across its diverse business units, aiming to improve financial performance and shareholder value.

Boston Omaha Holds Annual Stockholders Meeting

Boston Omaha Corporation held its Annual Meeting of Stockholders on August 25, 2025, where stockholders voted on several proposals. The election of directors resulted in the appointment of six nominees for a one-year term. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. An advisory vote also approved the compensation of the company’s named executive officers.

The most recent analyst rating on (BOC) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.

Boston Omaha Presents at Annual Meeting 2025

On August 25, 2025, Boston Omaha Corporation presented a slide presentation at its Annual Meeting, which was also filed on the company’s website. This presentation is part of the company’s ongoing efforts to engage with stakeholders and provide updates on its operations and strategic direction.

The most recent analyst rating on (BOC) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.

Boston Omaha Corporation Reports Increased Revenues Amid Losses

Boston Omaha Corporation is a diversified holding company with operations in outdoor advertising, insurance, broadband services, and asset management, along with minority investments in real estate and private aviation infrastructure. In its latest earnings report for the quarter ending June 30, 2025, Boston Omaha Corporation reported a net loss of $4.57 million, compared to a loss of $2.02 million in the same period last year. The company’s revenues increased slightly to $28.2 million from $27.1 million year-over-year, driven by growth in broadband services and insurance premiums. However, the company faced challenges with increased costs and investment losses, which impacted its bottom line. Despite the losses, Boston Omaha Corporation continues to hold a strong asset base with total assets amounting to $730.6 million, and it remains focused on its long-term strategic investments. Looking ahead, the company aims to leverage its diversified portfolio to navigate market challenges and capitalize on growth opportunities in its key sectors.