Outfront Media (OUT) AI Stock Analysis

• Market Cap: $4.40B
• Dividend Yield: 5.02%
• Average Volume (3M): 1.26M
• Price to Earnings (P/E): 38.4
• Beta (1Y): 1.25
• Revenue Growth: -1.48%
• EPS Growth: -50.05%
• Country: US
• Employees: 2,149
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 0.55
• Shares Outstanding: 167,234,560
• 10 Day Avg. Volume: 1,419,509
• 30 Day Avg. Volume: 1,264,520
• PEG Ratio: -0.60
• Price to Book (P/B): 5.69
• Price to Sales (P/S): 2.21
• P/FCF Ratio: 18.48
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 3.24
• Enterprise Value/Gross Profit: 6.50
• Enterprise Value/Ebitda: 20.24
• 1Y Price Target: $28.40
• Price Target Upside: 5.73% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 1.14
• Revenue Forecast (FY): $1.90B

• Rating: 63 Neutral
• Price Target: $29.00 ▲(7.97% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven by strong technical momentum and a favorable earnings outlook (growth in transit/digital and raised AFFO guidance). These positives are tempered by a weaker financial profile—especially leverage and volatile profitability—and a relatively expensive valuation (high P/E), partly offset by the dividend yield.

Positive Factors

Digital Revenue Expansion

A sustained shift to digital OOH increases inventory yield and recurring high-margin sales. Rapid digital growth (50%+ in transit) signals durable product mix improvement, enabling higher utilization, dynamic pricing and multiple advertisers per display, which supports long-term margin and monetization upside.

Transit Segment Strength

Robust transit growth, anchored by large transit systems like NY MTA, reflects durable demand from national advertisers and large campaigns. Transit contracts and large-market exposure provide steady, contract-backed revenue streams that diversify billboard-facing cyclicality and support multi-year revenue stability.

Consistent Free Cash Flow

Reliable FCF (~$220M) provides internal funding for dividends, targeted investments (e.g., digital/platform partnerships), and debt paydown. Strong cash generation relative to earnings enhances financial flexibility and supports capital allocation despite earnings volatility, a durable buffer for several quarters.

Negative Factors

Revenue Stagnation

Flat consolidated revenue limits organic growth prospects and increases reliance on mix shifts (digital/transit) and cost cuts to improve profitability. Without sustained top-line expansion, margins and cash returns are more sensitive to contract exits, advertiser category weakness, or macro ad-spend variability over the medium term.

Volatile Profitability

Earnings volatility, including a large loss in 2023, undermines predictability of AFFO and distributable cash. This makes multi-period planning harder, raises execution risk on cost initiatives, and can pressure dividend coverage or capital investment decisions if adverse trends re-emerge.

Elevated Leverage

High historical leverage keeps refinancing and interest-rate sensitivity elevated despite improvement. Persistent leverage limits strategic flexibility, increases vulnerability to advertising slowdowns, and raises the need to prioritize cash for debt service over growth investments or faster buybacks over a 2–6 month horizon.

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. Through its technology platform, Outfront Media Inc. will fundamentally change the ways advertisers engage audiences on-the-go.

How the Company Makes Money

Outfront Media generates revenue primarily through the sale of advertising space on its inventory of outdoor displays, which includes static billboards, digital billboards, and transit advertising placements. The company's revenue model is based on long-term contracts with advertisers, which can range from a few weeks to several years. Key revenue streams include direct sales to brands and advertising agencies, as well as partnerships with transit authorities and property owners for the placement of advertising on public transport and private properties. Additionally, Outfront Media benefits from digital advertising, which allows for dynamic content and targeted campaigns, thus attracting a diverse range of advertisers seeking to engage with consumers in real-time. The company's strategic focus on high-traffic urban areas and its ability to leverage data analytics for audience measurement also contribute significantly to its earnings.

Outfront Media Financial Statement Overview

Summary

Cash flow is a relative strength with consistently positive operating and free cash flow (about $220M FCF in 2024–2025). However, revenue has been essentially flat recently and profitability has been volatile (including a large loss in 2023 and weaker net margin in 2025 vs. 2024). Leverage remains a key risk despite improvement in 2025, keeping the financial profile more sensitive to shocks and financing costs.

Income Statement

Revenue has been essentially flat recently (2024–2025) after a strong rebound in 2021–2022, which limits the growth profile. Profitability is mixed: 2024 showed strong net profitability (~14% net margin) but 2025 fell back to ~8% as earnings declined. Results have also been volatile across the cycle, including a large loss in 2023, which weighs on earnings quality and consistency.

Balance Sheet

Leverage is the key concern. Debt-to-equity was very high in 2023–2024 (over 5x), improving materially in 2025 (~2.2x) but still elevated for a more defensive profile. Equity is positive and returns on equity were strong in profitable years, but the 2023 loss drove sharply negative returns, highlighting sensitivity to operating shocks and the importance of maintaining balance-sheet flexibility.

Cash Flow

Cash generation is a relative strength: operating cash flow and free cash flow have been consistently positive from 2020–2025, with 2024–2025 free cash flow around $220M. Free cash flow has generally tracked earnings reasonably well (roughly 65–74% of net income in recent profitable years), though cash flow has not fully covered earnings in 2023–2025 based on the provided operating cash flow-to-net income figures, suggesting some working-capital or timing impacts. Overall, cash flow stability looks better than reported earnings stability.

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	913.20M	881.90M	857.50M	855.50M	679.90M
EBITDA	293.50M	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	1.55B	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

• Technical Analysis Sentiment: Positive
• Last Price: 26.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 26.86 is above the 20-day moving average (MA) of 25.68, above the 50-day MA of 24.84, and above the 200-day MA of 19.64, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 65.25 is Neutral, neither overbought nor oversold. The STOCH value of 79.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OUT.

Outfront Media Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAMR	75 Outperform	$13.58B	23.23	57.04%	4.90%	3.04%	-14.88%
EPR	75 Outperform	$4.48B	25.65	8.44%	7.05%	2.93%	-0.87%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CXW	65 Neutral	$1.61B	15.84	8.04%	―	5.72%	47.75%
OUT	63 Neutral	$4.40B	38.41	17.74%	5.02%	-1.48%	-50.05%
UNIT	59 Neutral	$1.85B	1.52	―	―	38.93%	952.55%

Outfront Media Corporate Events

Outfront Media Posts Strong Q4 2025 Results, Raises Outlook

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 increased 12% to $173.8 million, driven by strength in both billboard and transit segments, while the board declared a quarterly dividend of $0.30 per share payable March 31, 2026.

For full-year 2025, revenue was essentially flat at $1.83 billion, but cost reductions helped lift adjusted OIBDA 7.4% to $499.3 million and AFFO to $337.7 million, exceeding management guidance. Results reflected higher average revenue per display, particularly in digital and transit, offset by lost billboards and the mid-2024 sale of the Canadian business, underscoring the company’s focus on profitability and shareholder returns through dividends.

The most recent analyst rating on (OUT) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Outfront Media stock, see the OUT Stock Forecast page.