Outfront Media Inc (OUT)
NYSE:OUT
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Outfront Media
(NYSE:OUT)
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Rating:58Neutral
Price Target:
$28.00
▲(1.86% Upside)
Action:ReiteratedDate:04/01/26
The score is anchored by mixed fundamentals: resilient cash generation but volatile profitability and still-elevated leverage. This is partially offset by a notably positive earnings call with upbeat 2026 AFFO and revenue growth guidance, while technical signals are neutral-to-soft and valuation looks somewhat demanding despite an attractive dividend yield.
Positive Factors
Consistent Cash Generation
Stable, positive operating and free cash flow across multiple years provides durable internal funding for maintenance CapEx, digital conversions, dividends and interest coverage. This reduces reliance on external capital and supports financial flexibility during ad-market cyclicality.
Negative Factors
Elevated Leverage
Leverage near the upper end of target constrains strategic optionality: high interest and principal repayment needs limit free cash available for growth investments or aggressive buybacks, and amplify risk if advertising demand weakens or interest rates rise further.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Cash Generation
Stable, positive operating and free cash flow across multiple years provides durable internal funding for maintenance CapEx, digital conversions, dividends and interest coverage. This reduces reliance on external capital and supports financial flexibility during ad-market cyclicality.
Read all positive factors
Outfront Media (OUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.84B
Dividend Yield5.02%
Average Volume (3M)1.51M
Price to Earnings (P/E)27.5
Beta (1Y)1.24
Revenue Growth-1.48%
EPS Growth-50.05%
CountryUS
Employees2,149
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.55
Shares Outstanding176,050,170
10 Day Avg. Volume1,059,641
30 Day Avg. Volume1,512,018
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)5.69
Price to Sales (P/S)2.21
P/FCF Ratio18.48
Enterprise Value/Market Cap1.87
Enterprise Value/Revenue4.94
Enterprise Value/Gross Profit10.89
Enterprise Value/Ebitda20.32
Forecast
1Y Price Target
$31.00Price Target Upside12.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.21
Revenue Forecast (FY)$1.93B
Outfront Media Business Overview & Revenue Model
Company Description
Outfront Media Inc. leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Thro...
How the Company Makes Money
Outfront primarily makes money by selling advertising space (media inventory) across two main categories: (1) billboard advertising and (2) transit advertising. Revenue is generated when advertisers (or their agencies) purchase the right to displa...
Outfront Media Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call conveys a generally positive tone driven by accelerating top-line growth, strong Transit momentum (particularly New York MTA), meaningful improvement in OIBDA and AFFO, expanding digital revenue and strategic partnerships (AWS, AdQuick). Management highlighted operational progress (sales reorganization, workflow modernization) and a clear digital investment path (CapEx focused on conversions). Lowlights are mostly transitional or tactical: reported Billboard revenue dilution from strategic contract exits, category softness (government/retail/auto), modest increases in SG&A and Transit expenses, and a still-elevated but targeted leverage level. On balance the positive operational and financial improvements materially outweigh the limited near-term headwinds.Positive Updates
Consolidated Revenue and Profit Growth
Consolidated revenues increased 4.1% in Q4 2025 (accelerating from Q3's 3.5%). Adjusted consolidated OIBDA rose ~12% to approximately $174 million, and AFFO improved ~8.3% to $130 million.
Negative Updates
Reported Billboard Revenue Impacted by Contract Exits
Reported Billboard revenues were up only 0.5% in Q4 due in part to the planned exits of two large marginally profitable billboard contracts (one in New York and one in L.A.). On a pro forma basis excluding those contracts, Billboard revenue growth would have been ~3.7% and digital Billboard revenue would have been up ~6.7%.
Read all updates
Q4-2025 Updates
Positive
Negative
Consolidated Revenue and Profit Growth
Consolidated revenues increased 4.1% in Q4 2025 (accelerating from Q3's 3.5%). Adjusted consolidated OIBDA rose ~12% to approximately $174 million, and AFFO improved ~8.3% to $130 million.
Read all positive updates
Company Guidance
OUTFRONT guided that Q1 2026 consolidated reported revenues should rise in the high single digits, driven by high‑teens Transit growth and mid‑single‑digit Billboard growth, noting two nonrecurring items that affect comparability ($10M of Billboard condemnation expected to close end‑March and a $4.5M revenue headwind from the prior‑year L.A. contract exit) and saying that, excluding those items, Q1 would be up in the mid‑ to high‑single‑digit range. For full‑year 2026 the company expects reported consolidated AFFO growth “comfortably in the double‑digit range,” and that outlook incorporates $145M of cash interest, $30–35M of maintenance CapEx (within total CapEx of ~ $90M, with $30–35M of that for maintenance), and $5M of cash taxes. Additional balance‑sheet and operational metrics tied to the guidance: committed liquidity of nearly $750M (≈$100M cash, ≈$500M revolver availability, $150M AR securitization), total net leverage of 4.7x (within a 4.0x–5.0x target range), a $0.30 cash dividend payable March 31, and a New York MTA minimum payment step‑up of ~3% to ≈$161M in 2026 (including an $11.7M deferred payment), with MTA franchise expense accounted for on a straight‑line basis.Outfront Media Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
43
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.83B | 1.83B | 1.82B | 1.77B | 1.46B |
| Gross Profit | 592.80M | 881.90M | 857.50M | 855.50M | 679.90M |
| EBITDA | 455.60M | 576.80M | -100.50M | 433.00M | 307.40M |
| Net Income | 147.00M | 258.20M | -425.20M | 142.70M | 35.60M |
Balance Sheet | |||||
| Total Assets | 5.31B | 5.22B | 5.58B | 5.99B | 5.92B |
| Cash, Cash Equivalents and Short-Term Investments | 99.90M | 46.90M | 36.00M | 40.40M | 424.80M |
| Total Debt | 4.13B | 4.01B | 4.34B | 4.21B | 4.12B |
| Total Liabilities | 4.58B | 4.43B | 4.85B | 4.64B | 4.53B |
| Stockholders Equity | 710.40M | 768.80M | 697.10M | 1.35B | 1.38B |
Cash Flow | |||||
| Free Cash Flow | 218.80M | 221.10M | 167.40M | 157.50M | 8.50M |
| Operating Cash Flow | 307.60M | 299.20M | 254.20M | 254.10M | 98.80M |
| Investing Cash Flow | -113.70M | 207.50M | -107.50M | -449.50M | -224.00M |
| Financing Cash Flow | -140.90M | -495.40M | -151.50M | -188.00M | -162.20M |
Outfront Media Technical Analysis
Positive
27.49
Price Trends
26.48
Positive
24.86
Positive
21.12
Positive
Market Momentum
0.08
Negative
56.57
Neutral
71.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OUT, the sentiment is Positive. The current price of 27.49 is above the 20-day moving average (MA) of 26.92, above the 50-day MA of 26.48, and above the 200-day MA of 21.12, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 56.57 is Neutral, neither overbought nor oversold. The STOCH value of 71.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OUT.
Outfront Media Risk Analysis
Outfront Media disclosed 39 risk factors in its most recent earnings report. Outfront Media reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Outfront Media Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.00B | 13.80 | 11.81% | 7.05% | 2.93% | -0.87% | |
75 Outperform | $13.05B | 21.05 | 59.02% | 4.90% | 3.04% | -14.88% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $1.95B | 18.58 | 8.00% | ― | 5.72% | 47.75% | |
59 Neutral | $2.48B | 1.02 | -132.88% | ― | 38.93% | 952.55% | |
58 Neutral | $4.84B | 27.51 | 21.63% | 5.02% | -1.48% | -50.05% |
* Real Estate Sector Average
OUT
Outfront Media
27.49
13.26
93.21%
CXW
CoreCivic
19.98
-0.40
-1.96%
LAMR
Lamar Advertising
128.77
20.83
19.29%
EPR
EPR Properties
52.31
8.24
18.70%
UNIT
Uniti Group
10.39
3.06
41.75%
Outfront Media Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Outfront Media Posts Strong Q4 2025 Results, Raises Outlook
Positive
Feb 25, 2026
Outfront Media on February 25, 2026, reported fourth-quarter 2025 revenue of $513.3 million, up 4.1% year over year, with operating income rising to $133.5 million and net income reaching $96.8 million, or $0.55 per diluted share. Adjusted OIBDA i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.