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BO

Boston Omaha Corporation

BOCIndustrialsNASDAQ

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Financials · Annual
Revenue
$114.4M
+5.6% YoY
Net Income
-$12.4M
-861.5% YoY
EBITDA
$14.6M
-55.2% YoY
Free Cash Flow
$2.8M

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About Boston Omaha Corporation

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The $391.6M market capitalization puts BOC squarely in small-cap range for its industry. The company operates through General Indemnity Group, LLC (GIG); Link Media Holdings, LLC (LMH); Boston Omaha Broadband, LLC (BOB); and Boston Omaha Asset Management, LLC (BOAM) segments.

Key stats
Market Cap$391.6M
Fwd P/E-644.00
EPS$-0.45
Beta0.67
52W Change-9.5%
ROE-3.4%
Analysis

The company holds $76.9M in cash, though total debt stands at $105.6M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $2.8M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of -3.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $81.2M (2022) to $114.4M (2025), reflecting a 41% increase over the period.

BOC's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Boston Omaha Corporation's trajectory.

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