Boston Omaha (BOC) Financials

$15.45 +0.04 (+0.29%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$15.44 -0.01 (-0.09%)

As of 05/2/2025 06:57 PM Eastern

Annual Income Statements for Boston Omaha

This table shows Boston Omaha's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	10	-7.00	-1.29
Consolidated Net Income / (Loss)	10	-6.17	3.37
Net Income / (Loss) Continuing Operations	10	-6.17	3.37
Total Pre-Tax Income	7.87	-9.15	3.10
Total Operating Income	-5.23	-8.85	-8.47
Total Gross Profit	28	64	70
Total Revenue	81	96	108
Operating Revenue	81	96	108
Total Cost of Revenue	53	33	38
Operating Cost of Revenue	53	33	38
Total Operating Expenses	33	73	79
Selling, General & Admin Expense	18	21	21
Depreciation Expense	8.65	12	14
Amortization Expense	6.47	7.41	7.68
Other Operating Expenses / (Income)	0.21	32	35
Other Special Charges / (Income)	-0.06	0.08	0.72
Total Other Income / (Expense), net	13	-0.29	12
Interest Expense	1.21	1.15	1.60
Interest & Investment Income	12	0.85	13
Income Tax Expense	-2.50	-2.98	-0.27
Net Income / (Loss) Attributable to Noncontrolling Interest	0.15	0.84	4.66
Basic Earnings per Share	$0.34	($0.23)	($0.04)
Weighted Average Basic Shares Outstanding	29.70M	31.09M	31.50M
Diluted Earnings per Share	$0.34	($0.23)	($0.04)
Weighted Average Diluted Shares Outstanding	29.77M	31.09M	31.50M
Weighted Average Basic & Diluted Shares Outstanding	30.82M	31.35M	31.45M

This table shows Boston Omaha's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-1.41	6.84	-3.32	1.54	-1.64	-3.58	-2.81	-2.24	-1.60	5.35
Consolidated Net Income / (Loss)	-1.30	6.57	-3.44	0.64	-2.46	-0.92	-3.25	-2.02	-1.27	9.91
Net Income / (Loss) Continuing Operations	-1.30	6.57	-3.44	0.64	-2.46	-0.92	-3.25	-2.02	-1.27	9.91
Total Pre-Tax Income	-1.97	2.29	-5.09	1.71	-3.17	-2.60	-4.18	-2.04	-1.81	11
Total Operating Income	-1.80	-0.27	-2.98	-1.64	-1.94	-2.29	-2.06	-4.40	-0.74	-1.27
Total Gross Profit	8.99	5.18	8.24	10	10	35	11	8.91	13	38
Total Revenue	21	23	23	24	25	25	26	27	28	28
Operating Revenue	21	23	23	24	25	25	26	27	28	28
Total Cost of Revenue	12	17	15	14	14	-10	15	18	15	-9.71
Operating Cost of Revenue	12	17	15	14	14	-10	15	18	15	-9.71
Total Operating Expenses	11	5.45	11	12	12	37	13	13	14	39
Selling, General & Admin Expense	4.66	4.24	5.13	5.37	5.45	4.83	5.20	5.72	5.39	4.83
Depreciation Expense	2.41	2.48	2.71	3.01	3.11	3.33	3.45	3.57	3.70	3.77
Amortization Expense	1.76	1.80	1.80	1.83	1.88	1.90	1.89	1.88	1.98	1.94
Other Operating Expenses / (Income)	1.88	-2.96	1.62	1.80	1.88	27	1.96	2.31	2.62	28
Other Special Charges / (Income)	0.07	-0.11	-0.05	0.01	-0.07	0.19	0.20	-0.18	-0.00	0.71
Total Other Income / (Expense), net	-0.18	2.56	-2.11	3.36	-1.23	-0.31	-2.13	2.36	-1.07	12
Interest Expense	0.30	0.30	0.29	0.29	0.29	0.28	0.28	0.37	0.47	0.48
Interest & Investment Income	0.13	2.86	-1.83	3.64	-0.94	-0.02	-1.84	2.73	-0.60	13
Income Tax Expense	-0.67	-4.27	-1.65	1.07	-0.72	-1.68	-0.94	-0.02	-0.53	1.22
Net Income / (Loss) Attributable to Noncontrolling Interest	0.11	-0.27	-0.12	-0.90	-0.81	2.67	-0.44	0.22	0.32	4.56
Basic Earnings per Share	($0.05)	$0.23	($0.11)	$0.05	($0.05)	($0.12)	($0.09)	($0.07)	($0.05)	$0.17
Weighted Average Basic Shares Outstanding	29.70M	29.70M	30.52M	31.23M	31.37M	31.09M	31.33M	31.85M	31.43M	31.50M
Diluted Earnings per Share	($0.05)	$0.23	($0.11)	$0.05	($0.05)	($0.12)	($0.09)	($0.07)	($0.05)	$0.17
Weighted Average Diluted Shares Outstanding	29.70M	29.77M	30.52M	31.28M	31.37M	31.09M	31.33M	31.85M	31.43M	31.50M
Weighted Average Basic & Diluted Shares Outstanding	29.70M	30.82M	31.31M	30.25M	31.31M	31.35M	31.46M	31.46M	31.37M	31.45M

This table details how cash moves in and out of Boston Omaha's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-27	-15	1.78
Net Cash From Operating Activities	-5.17	16	21
Net Cash From Continuing Operating Activities	-5.17	16	21
Net Income / (Loss) Continuing Operations	10	-6.17	3.37
Consolidated Net Income / (Loss)	10	-6.17	3.37
Depreciation Expense	15	20	22
Amortization Expense	5.31	5.49	4.19
Non-Cash Adjustments To Reconcile Net Income	-11	5.55	-12
Changes in Operating Assets and Liabilities, net	-25	-8.59	3.17
Net Cash From Investing Activities	88	-64	28
Net Cash From Continuing Investing Activities	88	-64	28
Purchase of Property, Plant & Equipment	-40	-52	-32
Acquisitions	-98	-18	-0.52
Purchase of Investments	-116	-299	-294
Sale and/or Maturity of Investments	341	304	355
Other Investing Activities, net	0.00	-0.25	0.00
Net Cash From Financing Activities	-110	33	-48
Net Cash From Continuing Financing Activities	-110	33	-48
Repayment of Debt	-1.50	-1.16	-1.27
Repurchase of Common Equity	-0.24	-1.28	-18
Payment of Dividends	0.00	-0.77	-38
Issuance of Debt	-	0.00	14
Issuance of Common Equity	8.01	43	0.21
Other Financing Activities, net	-116	-6.93	-4.13
Cash Interest Paid	1.17	1.13	1.53
Cash Income Taxes Paid	0.00	0.10	0.00

This table details how cash moves in and out of Boston Omaha's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	29	-6.05	-6.14	11	-7.51	-13	21	-23	-4.86	8.65
Net Cash From Operating Activities	5.10	4.41	1.37	3.00	7.88	3.82	2.42	4.51	5.20	9.12
Net Cash From Continuing Operating Activities	5.10	4.41	1.37	3.00	7.88	3.82	2.42	4.51	5.20	9.12
Net Income / (Loss) Continuing Operations	-1.30	6.57	-3.44	0.64	-2.46	-0.92	-3.25	-2.02	-1.27	9.91
Consolidated Net Income / (Loss)	-1.30	6.57	-3.44	0.64	-2.46	-0.92	-3.25	-2.02	-1.27	9.91
Depreciation Expense	4.22	4.34	4.56	4.90	5.04	5.28	5.39	5.51	5.73	5.77
Amortization Expense	1.34	1.38	1.42	1.42	1.29	1.36	1.37	1.39	1.26	0.17
Non-Cash Adjustments To Reconcile Net Income	1.59	-2.73	3.11	-1.94	-2.23	6.61	3.04	0.01	-2.50	-12
Changes in Operating Assets and Liabilities, net	-0.75	-5.14	-4.29	-2.02	6.24	-8.52	-4.14	-0.39	1.99	5.71
Net Cash From Investing Activities	-6.18	-17	-38	-1.30	-9.81	-15	23	7.27	-0.26	-1.79
Net Cash From Continuing Investing Activities	-6.18	-17	-38	-1.30	-9.81	-15	23	7.27	-0.26	-1.79
Purchase of Property, Plant & Equipment	-17	-9.86	-8.01	-13	-22	-8.76	-8.45	-8.82	-6.43	-8.50
Acquisitions	-45	-11	-3.16	-5.60	-4.61	-4.61	-0.02	-0.01	-0.04	-0.44
Purchase of Investments	-37	-12	-53	-97	-114	-34	-113	-52	-73	-56
Sale and/or Maturity of Investments	48	17	26	116	131	31	145	68	79	63
Net Cash From Financing Activities	0.11	6.29	30	9.36	-5.58	-1.18	-4.65	-34	-9.79	1.32
Net Cash From Continuing Financing Activities	30	6.29	30	9.36	-5.58	-1.18	-4.65	-34	-9.79	1.32
Repayment of Debt	-0.37	-0.38	-0.38	-0.38	-0.20	-0.20	-0.20	-0.20	-0.60	-0.27
Repurchase of Common Equity	-0.05	-0.07	-0.87	-0.40	-0.01	-	0.00	-17	-1.38	-0.21
Payment of Dividends	-	-	-	-	-0.08	-0.69	-	-	-9.49	-0.52
Issuance of Debt	-	-	-	-	-	-	-	-	-	3.50
Issuance of Common Equity	-	7.91	31	10	1.25	0.00	0.09	-	-	0.12
Other Financing Activities, net	30	-1.16	0.18	-0.28	-6.54	-0.29	-4.53	0.03	1.68	-1.30
Cash Interest Paid	0.30	0.29	0.28	0.29	0.28	0.28	0.28	0.31	0.46	0.48
Cash Income Taxes Paid	-0.01	-0.21	0.00	0.05	0.01	0.04	0.00	0.01	0.00	-0.02

This table presents Boston Omaha's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	688	768	728
Total Current Assets	114	131	117
Cash & Equivalents	25	22	28
Restricted Cash	21	14	9.97
Short-Term Investments	49	74	58
Note & Lease Receivable	0.20	0.19	0.08
Accounts Receivable	5.83	12	12
Prepaid Expenses	4.69	5.57	5.41
Other Current Assets	8.15	3.36	2.93
Plant, Property, & Equipment, net	116	144	162
Total Noncurrent Assets	458	493	449
Long-Term Investments	144	181	147
Goodwill	179	182	182
Intangible Assets	68	66	58
Other Noncurrent Operating Assets	66	63	62
Total Liabilities & Shareholders' Equity	688	768	728
Total Liabilities	158	152	166
Total Current Liabilities	53	51	55
Short-Term Debt	1.55	0.81	1.20
Accounts Payable	11	18	22
Current Deferred Revenue	2.53	2.63	3.04
Other Current Liabilities	38	30	28
Total Noncurrent Liabilities	105	100	111
Long-Term Debt	27	27	38
Asset Retirement Reserve & Litigation Obligation	3.57	3.79	4.01
Noncurrent Deferred & Payable Income Tax Liabilities	15	12	12
Other Noncurrent Operating Liabilities	60	58	56
Redeemable Noncontrolling Interest	16	16	0.00
Total Equity & Noncontrolling Interests	514	601	563
Total Preferred & Common Equity	507	538	533
Preferred Stock	0.00	0.00	0.00
Total Common Equity	507	538	533
Common Stock	484	523	539
Retained Earnings	23	16	-4.75
Treasury Stock	-	0.00	-1.59
Noncontrolling Interest	7.41	63	30

This table presents Boston Omaha's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	675	706	773	764	757	723	712
Total Current Assets	131	138	158	130	130	101	109
Cash & Equivalents	39	16	32	31	17	25	19
Restricted Cash	22	21	21	14	9.57	9.60	11
Short-Term Investments	59	78	83	66	52	44	57
Note & Lease Receivable	0.10	0.19	0.19	0.17	0.13	0.06	0.13
Accounts Receivable	6.40	6.39	7.35	7.43	12	14	14
Prepaid Expenses	4.56	5.45	8.01	4.50	5.08	5.28	5.27
Other Current Assets	0.00	11	6.37	6.72	33	3.19	1.84
Plant, Property, & Equipment, net	105	121	130	149	149	154	157
Total Noncurrent Assets	439	447	485	485	478	468	446
Long-Term Investments	136	135	172	173	169	161	142
Goodwill	171	179	181	181	182	182	182
Intangible Assets	66	67	66	66	64	62	60
Other Noncurrent Operating Assets	65	66	65	64	63	62	62
Total Liabilities & Shareholders' Equity	675	706	773	764	757	723	712
Total Liabilities	159	152	157	149	143	158	159
Total Current Liabilities	52	50	53	46	44	50	52
Short-Term Debt	1.53	1.56	0.80	0.81	0.83	0.83	0.84
Accounts Payable	9.72	11	13	14	16	19	19
Current Deferred Revenue	2.53	2.87	2.86	2.62	2.69	2.64	3.12
Other Current Liabilities	39	35	36	29	25	27	29
Total Noncurrent Liabilities	107	102	104	103	99	108	107
Long-Term Debt	27	27	27	27	26	36	35
Asset Retirement Reserve & Litigation Obligation	3.35	3.62	3.68	3.74	3.85	3.90	3.96
Noncurrent Deferred & Payable Income Tax Liabilities	18	13	14	14	11	11	11
Other Noncurrent Operating Liabilities	58	59	59	59	58	57	56
Redeemable Noncontrolling Interest	15	16	16	16	16	0.00	0.00
Total Equity & Noncontrolling Interests	500	539	601	599	598	565	553
Total Preferred & Common Equity	500	528	543	541	536	530	528
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	500	528	543	541	536	530	528
Common Stock	484	512	522	522	523	539	539
Retained Earnings	16	16	21	19	13	-8.50	-10
Treasury Stock	-	-	-	-	-	-	-1.38
Noncontrolling Interest	-	11	58	58	62	35	26

This table displays calculated financial ratios and metrics derived from Boston Omaha's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	42.59%	18.49%	12.49%
EBITDA Growth	377.28%	-4.83%	10.38%
EBIT Growth	83.78%	-160.93%	4.35%
NOPAT Growth	61.74%	10.11%	-48.77%
Net Income Growth	-81.29%	-159.42%	154.66%
EPS Growth	-81.32%	-167.65%	82.61%
Operating Cash Flow Growth	-166.49%	410.91%	32.27%
Free Cash Flow Firm Growth	210.12%	-305.30%	59.51%
Invested Capital Growth	-7.61%	10.52%	1.95%
Revenue Q/Q Growth	10.19%	2.20%	3.10%
EBITDA Q/Q Growth	927.08%	-6.27%	1.77%
EBIT Q/Q Growth	83.64%	-29.60%	10.73%
NOPAT Q/Q Growth	57.89%	-29.60%	-38.85%
Net Income Q/Q Growth	203.05%	-568.97%	145.23%
EPS Q/Q Growth	160.71%	-291.67%	87.88%
Operating Cash Flow Q/Q Growth	38.71%	-3.56%	33.30%
Free Cash Flow Firm Q/Q Growth	-26.39%	46.51%	-71.86%
Invested Capital Q/Q Growth	10.60%	-1.51%	-0.35%
Profitability Metrics	-	-	-
Gross Margin	34.72%	66.17%	64.77%
EBITDA Margin	21.24%	17.06%	16.74%
Operating Margin	-6.44%	-9.20%	-7.82%
EBIT Margin	-4.18%	-9.20%	-7.82%
Profit (Net Income) Margin	12.78%	-6.41%	3.11%
Tax Burden Percent	131.81%	67.43%	108.87%
Interest Burden Percent	-232.09%	103.32%	-36.57%
Effective Tax Rate	-31.81%	0.00%	-8.87%
Return on Invested Capital (ROIC)	-2.08%	-1.85%	-2.59%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.90%	-1.86%	-7.98%
Return on Net Nonoperating Assets (RNNOA)	3.85%	0.77%	3.16%
Return on Equity (ROE)	1.77%	-1.08%	0.57%
Cash Return on Invested Capital (CROIC)	5.83%	-11.84%	-4.52%
Operating Return on Assets (OROA)	-0.45%	-1.22%	-1.13%
Return on Assets (ROA)	1.39%	-0.85%	0.45%
Return on Common Equity (ROCE)	1.52%	-0.98%	0.52%
Return on Equity Simple (ROE_SIMPLE)	2.05%	-1.15%	0.63%
Net Operating Profit after Tax (NOPAT)	-6.89	-6.20	-9.22
NOPAT Margin	-8.49%	-6.44%	-8.51%
Net Nonoperating Expense Percent (NNEP)	6.82%	0.01%	5.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.99%	-1.53%
Cost of Revenue to Revenue	65.28%	33.83%	35.23%
SG&A Expenses to Revenue	22.36%	21.59%	19.52%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.15%	75.37%	72.59%
Earnings before Interest and Taxes (EBIT)	-3.39	-8.85	-8.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	16	18
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.55	0.91	0.84
Price to Tangible Book Value (P/TBV)	3.04	1.70	1.52
Price to Revenue (P/Rev)	9.69	5.12	4.11
Price to Earnings (P/E)	76.91	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	1.30%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.88	0.87	0.76
Enterprise Value to Revenue (EV/Rev)	7.38	3.18	2.51
Enterprise Value to EBITDA (EV/EBITDA)	34.73	18.67	14.97
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	19.09	12.77
Enterprise Value to Free Cash Flow (EV/FCFF)	30.97	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.05	0.04	0.07
Long-Term Debt to Equity	0.05	0.04	0.07
Financial Leverage	-0.43	-0.41	-0.40
Leverage Ratio	1.28	1.27	1.27
Compound Leverage Factor	-2.96	1.31	-0.46
Debt to Total Capital	5.11%	4.25%	6.57%
Short-Term Debt to Total Capital	0.28%	0.13%	0.20%
Long-Term Debt to Total Capital	4.83%	4.12%	6.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.14%	12.15%	4.96%
Common Equity to Total Capital	90.75%	83.60%	88.47%
Debt to EBITDA	1.65	1.67	2.18
Net Debt to EBITDA	-12.23	-16.09	-11.23
Long-Term Debt to EBITDA	1.56	1.62	2.12
Debt to NOPAT	-4.13	-4.41	-4.29
Net Debt to NOPAT	30.60	42.63	22.08
Long-Term Debt to NOPAT	-3.91	-4.28	-4.16
Altman Z-Score	3.24	2.19	1.82
Noncontrolling Interest Sharing Ratio	14.30%	8.84%	9.17%
Liquidity Ratios	-	-	-
Current Ratio	2.15	2.56	2.14
Quick Ratio	1.51	2.11	1.81
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	19	-40	-16
Operating Cash Flow to CapEx	-12.89%	30.96%	65.97%
Free Cash Flow to Firm to Interest Expense	16.02	-34.63	-10.06
Operating Cash Flow to Interest Expense	-4.28	14.00	13.29
Operating Cash Flow Less CapEx to Interest Expense	-37.45	-31.21	-6.86
Efficiency Ratios	-	-	-
Asset Turnover	0.11	0.13	0.14
Accounts Receivable Turnover	15.77	10.71	8.81
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.85	0.74	0.71
Accounts Payable Turnover	2.93	2.21	1.88
Days Sales Outstanding (DSO)	23.14	34.08	41.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	124.69	164.79	194.67
Cash Conversion Cycle (CCC)	-101.55	-130.72	-153.25
Capital & Investment Metrics	-	-	-
Invested Capital	319	352	359
Invested Capital Turnover	0.24	0.29	0.30
Increase / (Decrease) in Invested Capital	-26	34	6.86
Enterprise Value (EV)	599	307	271
Market Capitalization	787	492	445
Book Value per Share	$17.06	$17.19	$16.98
Tangible Book Value per Share	$8.71	$9.27	$9.31
Total Capital	558	644	602
Total Debt	28	27	40
Total Long-Term Debt	27	27	38
Net Debt	-211	-264	-204
Capital Expenditures (CapEx)	40	52	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-33	-29	-33
Debt-free Net Working Capital (DFNWC)	63	81	64
Net Working Capital (NWC)	61	80	63
Net Nonoperating Expense (NNE)	-17	-0.03	-13
Net Nonoperating Obligations (NNO)	-211	-264	-204
Total Depreciation and Amortization (D&A)	21	25	27
Debt-free, Cash-free Net Working Capital to Revenue	-40.09%	-30.45%	-30.34%
Debt-free Net Working Capital to Revenue	76.97%	83.96%	58.87%
Net Working Capital to Revenue	75.07%	83.12%	57.76%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.24	($0.23)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	29.70M	31.09M	31.50M
Adjusted Diluted Earnings per Share	$0.24	($0.23)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	29.77M	31.09M	31.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.82M	31.35M	31.45M
Normalized Net Operating Profit after Tax (NOPAT)	-3.70	-6.14	-5.42
Normalized NOPAT Margin	-4.56%	-6.38%	-5.01%
Pre Tax Income Margin	9.69%	-9.50%	2.86%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-2.81	-7.72	-5.30
NOPAT to Interest Expense	-5.71	-5.40	-5.77
EBIT Less CapEx to Interest Expense	-35.98	-52.93	-25.45
NOPAT Less CapEx to Interest Expense	-38.88	-50.61	-25.92
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	-12.48%	1,112.65%
Augmented Payout Ratio	2.34%	-33.24%	1,656.95%

This table displays calculated financial ratios and metrics derived from Boston Omaha's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.93%	49.77%	40.03%	15.90%	14.46%	9.18%	12.00%	11.86%	12.84%	13.21%
EBITDA Growth	3,852.42%	139.23%	-17.04%	6.03%	16.38%	-20.15%	56.24%	-46.34%	42.41%	7.24%
EBIT Growth	52.52%	98.48%	-385.99%	-129.14%	-8.22%	-754.53%	30.86%	-167.61%	61.91%	44.43%
NOPAT Growth	34.98%	94.05%	-19.77%	-22.91%	-8.22%	-108.97%	30.86%	-398.92%	61.91%	29.30%
Net Income Growth	95.48%	147.29%	-121.01%	105.72%	-88.84%	-113.96%	5.60%	-413.32%	48.16%	1,181.10%
EPS Growth	94.38%	134.33%	-120.00%	112.82%	0.00%	-152.17%	18.18%	-240.00%	0.00%	241.67%
Operating Cash Flow Growth	283.82%	284.09%	108.73%	200.24%	54.33%	-13.43%	76.53%	50.40%	-34.04%	139.02%
Free Cash Flow Firm Growth	126.45%	304.63%	-219.79%	79.27%	-271.12%	-237.90%	43.70%	47.31%	95.43%	77.23%
Invested Capital Growth	-12.89%	-7.61%	48.35%	20.54%	24.11%	10.52%	18.27%	8.16%	0.76%	1.95%
Revenue Q/Q Growth	2.64%	5.37%	0.96%	6.14%	1.37%	0.51%	3.56%	6.01%	2.26%	0.84%
EBITDA Q/Q Growth	-14.44%	44.57%	-44.74%	55.14%	-6.09%	-0.81%	8.12%	-46.72%	149.23%	-25.31%
EBIT Q/Q Growth	-150.38%	85.07%	-1,010.83%	44.81%	-18.25%	-17.87%	10.12%	-113.61%	83.17%	-71.96%
NOPAT Q/Q Growth	-150.38%	38.96%	-171.65%	70.40%	-120.46%	-17.87%	10.12%	-113.61%	83.17%	-118.78%
Net Income Q/Q Growth	88.45%	605.06%	-152.39%	118.72%	-481.35%	62.67%	-254.28%	37.88%	36.90%	878.50%
EPS Q/Q Growth	87.18%	560.00%	-147.83%	145.45%	-200.00%	-140.00%	25.00%	22.22%	28.57%	440.00%
Operating Cash Flow Q/Q Growth	411.64%	-13.61%	-68.97%	118.94%	162.99%	-51.54%	-36.73%	86.53%	15.35%	75.58%
Free Cash Flow Firm Q/Q Growth	114.85%	-38.47%	-532.90%	47.62%	-22.64%	50.41%	-76.75%	50.98%	89.36%	-147.06%
Invested Capital Q/Q Growth	3.60%	10.60%	4.15%	1.01%	6.67%	-1.51%	11.45%	-7.62%	-0.63%	-0.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.92%	22.94%	36.10%	42.83%	41.94%	140.99%	41.61%	32.90%	46.71%	134.77%
EBITDA Margin	17.57%	24.11%	13.20%	19.29%	17.87%	17.63%	18.41%	9.25%	22.55%	16.70%
Operating Margin	-8.37%	-1.19%	-13.05%	-6.78%	-7.91%	-9.28%	-8.06%	-16.23%	-2.67%	-4.56%
EBIT Margin	-8.37%	-1.19%	-13.05%	-6.78%	-7.91%	-9.28%	-8.06%	-16.23%	-2.67%	-4.56%
Profit (Net Income) Margin	-6.06%	29.06%	-15.08%	2.66%	-10.00%	-3.71%	-12.71%	-7.45%	-4.59%	35.47%
Tax Burden Percent	65.86%	286.24%	67.56%	37.55%	77.38%	35.29%	77.60%	98.92%	70.48%	89.06%
Interest Burden Percent	109.96%	-856.03%	171.04%	-104.37%	163.31%	113.40%	203.29%	46.38%	244.03%	-874.30%
Effective Tax Rate	0.00%	-186.24%	0.00%	62.45%	0.00%	0.00%	0.00%	0.00%	0.00%	10.94%
Return on Invested Capital (ROIC)	-1.40%	-0.83%	-2.88%	-0.76%	-1.62%	-1.86%	-1.54%	-3.32%	-0.55%	-1.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.38%	-3.73%	-2.36%	-1.24%	-1.16%	-2.15%	-0.73%	-3.75%	-0.21%	-5.96%
Return on Net Nonoperating Assets (RNNOA)	0.65%	1.61%	1.14%	0.57%	0.50%	0.89%	0.28%	1.54%	0.08%	2.36%
Return on Equity (ROE)	-0.75%	0.78%	-1.75%	-0.19%	-1.12%	-0.97%	-1.26%	-1.78%	-0.47%	1.13%
Cash Return on Invested Capital (CROIC)	8.49%	5.83%	-40.38%	-20.15%	-22.99%	-11.84%	-18.27%	-9.98%	-2.61%	-4.52%
Operating Return on Assets (OROA)	-0.85%	-0.13%	-1.66%	-0.85%	-1.04%	-1.23%	-1.09%	-2.21%	-0.38%	-0.66%
Return on Assets (ROA)	-0.61%	3.16%	-1.92%	0.33%	-1.31%	-0.49%	-1.72%	-1.01%	-0.65%	5.13%
Return on Common Equity (ROCE)	-0.64%	0.67%	-1.70%	-0.17%	-1.03%	-0.89%	-1.15%	-1.62%	-0.43%	1.02%
Return on Equity Simple (ROE_SIMPLE)	-2.01%	0.00%	-1.79%	0.46%	0.24%	0.00%	-1.11%	-1.63%	-1.41%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.26	-0.77	-2.08	-0.62	-1.36	-1.60	-1.44	-3.08	-0.52	-1.13
NOPAT Margin	-5.86%	-3.39%	-9.13%	-2.55%	-5.54%	-6.50%	-5.64%	-11.36%	-1.87%	-4.06%
Net Nonoperating Expense Percent (NNEP)	-0.02%	2.90%	-0.53%	0.49%	-0.45%	0.29%	-0.81%	0.44%	-0.34%	4.72%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-0.26%	-	-	-	-0.19%
Cost of Revenue to Revenue	58.08%	77.06%	63.90%	57.17%	58.06%	-40.99%	58.39%	67.10%	53.29%	-34.77%
SG&A Expenses to Revenue	21.74%	18.74%	22.49%	22.16%	22.19%	19.58%	20.33%	21.13%	19.46%	17.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.29%	24.12%	49.15%	49.62%	49.86%	150.27%	49.66%	49.13%	49.38%	139.33%
Earnings before Interest and Taxes (EBIT)	-1.80	-0.27	-2.98	-1.64	-1.94	-2.29	-2.06	-4.40	-0.74	-1.27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.77	5.45	3.01	4.67	4.39	4.35	4.70	2.51	6.25	4.67
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.55	1.38	1.09	0.92	0.91	0.90	0.80	0.89	0.84
Price to Tangible Book Value (P/TBV)	2.61	3.04	2.59	2.00	1.69	1.70	1.67	1.48	1.64	1.52
Price to Revenue (P/Rev)	9.28	9.69	8.31	6.47	5.26	5.12	4.90	4.16	4.45	4.11
Price to Earnings (P/E)	0.00	76.91	0.00	161.52	145.24	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.30%	0.00%	0.62%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.64	1.88	1.61	1.14	0.87	0.87	0.87	0.70	0.83	0.76
Enterprise Value to Revenue (EV/Rev)	6.41	7.38	6.08	4.19	3.32	3.18	3.45	2.51	2.86	2.51
Enterprise Value to EBITDA (EV/EBITDA)	0.00	34.73	32.09	22.60	17.84	18.67	18.84	16.03	16.88	14.97
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	44.92	27.52	18.77	19.09	19.95	13.73	18.86	12.77
Enterprise Value to Free Cash Flow (EV/FCFF)	17.98	30.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.05	0.05	0.05	0.04	0.04	0.04	0.07	0.07	0.07
Long-Term Debt to Equity	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.06	0.06	0.07
Financial Leverage	-0.47	-0.43	-0.48	-0.46	-0.43	-0.41	-0.38	-0.41	-0.39	-0.40
Leverage Ratio	1.25	1.28	1.28	1.28	1.27	1.27	1.25	1.27	1.26	1.27
Compound Leverage Factor	1.37	-10.93	2.20	-1.33	2.08	1.44	2.55	0.59	3.08	-11.10
Debt to Total Capital	5.31%	5.11%	4.83%	4.31%	4.29%	4.25%	4.23%	6.13%	6.16%	6.57%
Short-Term Debt to Total Capital	0.28%	0.28%	0.27%	0.12%	0.13%	0.13%	0.13%	0.14%	0.14%	0.20%
Long-Term Debt to Total Capital	5.03%	4.83%	4.56%	4.18%	4.16%	4.12%	4.10%	5.99%	6.02%	6.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.83%	4.14%	4.52%	11.43%	11.51%	12.15%	12.15%	5.80%	4.37%	4.96%
Common Equity to Total Capital	91.87%	90.75%	90.65%	84.27%	84.20%	83.60%	83.62%	88.07%	89.47%	88.47%
Debt to EBITDA	-13.84	1.65	1.69	1.64	1.57	1.67	1.50	2.32	2.04	2.18
Net Debt to EBITDA	108.88	-12.23	-13.36	-16.62	-14.68	-16.09	-12.23	-12.71	-10.84	-11.23
Long-Term Debt to EBITDA	-13.11	1.56	1.60	1.59	1.53	1.62	1.45	2.26	1.99	2.12
Debt to NOPAT	-1.76	-4.13	-6.98	-5.93	-5.76	-4.41	-4.89	-4.94	-5.47	-4.29
Net Debt to NOPAT	13.87	30.60	55.13	60.04	53.79	42.63	39.87	27.09	29.07	22.08
Long-Term Debt to NOPAT	-1.67	-3.91	-6.59	-5.76	-5.59	-4.28	-4.74	-4.83	-5.35	-4.16
Altman Z-Score	2.85	3.26	3.17	2.56	2.28	2.22	2.31	1.80	1.99	1.85
Noncontrolling Interest Sharing Ratio	13.92%	14.30%	2.95%	7.84%	7.90%	8.84%	8.92%	9.18%	8.53%	9.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.50	2.15	2.75	3.00	2.82	2.56	2.92	2.01	2.09	2.14
Quick Ratio	1.99	1.51	1.99	2.33	2.27	2.11	1.85	1.65	1.73	1.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41	25	-110	-58	-71	-35	-62	-30	-3.24	-8.00
Operating Cash Flow to CapEx	30.84%	44.72%	17.08%	23.21%	35.50%	43.57%	28.60%	51.07%	80.85%	107.28%
Free Cash Flow to Firm to Interest Expense	135.92	85.55	-382.03	-201.26	-246.77	-123.51	-220.15	-82.63	-6.94	-16.62
Operating Cash Flow to Interest Expense	16.76	14.81	4.74	10.44	27.44	13.42	8.56	12.23	11.13	18.97
Operating Cash Flow Less CapEx to Interest Expense	-37.58	-18.31	-23.01	-34.52	-49.85	-17.38	-21.38	-11.72	-2.64	1.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.11	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14
Accounts Receivable Turnover	8.83	15.77	15.21	13.17	13.61	10.71	10.59	9.76	9.97	8.81
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.91	0.85	0.87	0.82	0.74	0.74	0.73	0.72	0.69	0.71
Accounts Payable Turnover	6.55	2.93	6.05	5.40	5.06	2.21	4.80	4.24	4.26	1.88
Days Sales Outstanding (DSO)	41.31	23.14	24.00	27.72	26.81	34.08	34.48	37.39	36.59	41.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	55.76	124.69	60.36	67.55	72.17	164.79	76.08	86.05	85.64	194.67
Cash Conversion Cycle (CCC)	-14.44	-101.55	-36.37	-39.83	-45.36	-130.72	-41.60	-48.66	-49.05	-153.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	288	319	332	335	358	352	393	363	360	359
Invested Capital Turnover	0.24	0.24	0.32	0.30	0.29	0.29	0.27	0.29	0.29	0.30
Increase / (Decrease) in Invested Capital	-43	-26	108	57	69	34	61	27	2.72	6.86
Enterprise Value (EV)	473	599	534	382	313	307	341	256	301	271
Market Capitalization	684	787	730	589	496	492	485	423	468	445
Book Value per Share	$16.83	$17.06	$17.13	$17.33	$17.88	$17.19	$17.10	$16.86	$16.77	$16.98
Tangible Book Value per Share	$8.82	$8.71	$9.14	$9.43	$9.72	$9.27	$9.25	$9.08	$9.06	$9.31
Total Capital	544	558	582	644	642	644	641	602	590	602
Total Debt	29	28	28	28	28	27	27	37	36	40
Total Long-Term Debt	27	27	27	27	27	27	26	36	35	38
Net Debt	-227	-211	-222	-281	-257	-264	-221	-203	-193	-204
Capital Expenditures (CapEx)	17	9.86	8.01	13	22	8.76	8.45	8.82	6.43	8.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-40	-33	-25	-30	-27	-29	7.04	-27	-30	-33
Debt-free Net Working Capital (DFNWC)	80	63	90	106	85	81	86	52	57	64
Net Working Capital (NWC)	78	61	88	106	84	80	85	51	57	63
Net Nonoperating Expense (NNE)	0.04	-7.33	1.36	-1.26	1.10	-0.69	1.81	-1.06	0.75	-11
Net Nonoperating Obligations (NNO)	-227	-211	-222	-281	-257	-264	-221	-203	-193	-204
Total Depreciation and Amortization (D&A)	5.56	5.72	5.99	6.31	6.33	6.64	6.76	6.90	6.99	5.94
Debt-free, Cash-free Net Working Capital to Revenue	-54.04%	-40.09%	-28.97%	-32.89%	-28.25%	-30.45%	7.12%	-26.59%	-28.84%	-30.34%
Debt-free Net Working Capital to Revenue	108.49%	76.97%	102.06%	116.83%	90.15%	83.96%	87.16%	50.58%	54.68%	58.87%
Net Working Capital to Revenue	106.42%	75.07%	100.29%	115.95%	89.29%	83.12%	86.33%	49.76%	53.88%	57.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.23	($0.11)	$0.05	($0.05)	($0.12)	($0.09)	($0.07)	($0.05)	$0.17
Adjusted Weighted Average Basic Shares Outstanding	29.70M	29.70M	30.52M	31.23M	31.37M	31.09M	31.33M	31.85M	31.43M	31.50M
Adjusted Diluted Earnings per Share	($0.05)	$0.23	($0.11)	$0.05	($0.05)	($0.12)	($0.09)	($0.07)	($0.05)	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	29.70M	29.77M	30.59M	31.28M	31.37M	31.09M	31.33M	31.85M	31.43M	31.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.70M	30.82M	31.31M	30.25M	31.31M	31.35M	31.46M	31.46M	31.37M	31.45M
Normalized Net Operating Profit after Tax (NOPAT)	-1.21	-0.26	-2.12	-1.15	-1.41	-1.47	-1.30	-3.21	-0.52	-0.50
Normalized NOPAT Margin	-5.63%	-1.17%	-9.27%	-4.73%	-5.73%	-5.95%	-5.10%	-11.84%	-1.88%	-1.79%
Pre Tax Income Margin	-9.20%	10.15%	-22.32%	7.08%	-12.92%	-10.53%	-16.37%	-7.53%	-6.52%	39.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.89	-0.90	-10.31	-5.72	-6.77	-8.05	-7.30	-11.94	-1.59	-2.65
NOPAT to Interest Expense	-4.13	-2.58	-7.22	-2.15	-4.74	-5.64	-5.11	-8.35	-1.11	-2.36
EBIT Less CapEx to Interest Expense	-60.23	-34.02	-38.06	-50.68	-84.06	-38.86	-37.25	-35.89	-15.36	-20.32
NOPAT Less CapEx to Interest Expense	-58.46	-35.70	-34.97	-47.11	-82.03	-36.44	-35.06	-32.31	-14.88	-20.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-12.48%	0.00%	-327.41%	-505.55%	1,112.65%
Augmented Payout Ratio	-3.81%	2.34%	-11.75%	56.31%	102.97%	-33.24%	-6.90%	-521.63%	-748.95%	1,656.95%

Frequently Asked Questions About Boston Omaha's Financials

When does Boston Omaha's financial year end?

According to the most recent income statement we have on file, Boston Omaha's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Boston Omaha's net income changed over the last 2 years?

Boston Omaha's net income appears to be on a downward trend, with a most recent value of $3.37 million in 2024, falling from $10.38 million in 2022. The previous period was -$6.17 million in 2023. Find out what analysts predict for Boston Omaha in the coming months.

What is Boston Omaha's operating income?

Boston Omaha's total operating income in 2024 was -$8.47 million, based on the following breakdown:

Total Gross Profit: $70.13 million
Total Operating Expenses: $78.60 million

How has Boston Omaha revenue changed over the last 2 years?

Over the last 2 years, Boston Omaha's total revenue changed from $81.23 million in 2022 to $108.27 million in 2024, a change of 33.3%.

How much debt does Boston Omaha have?

Boston Omaha's total liabilities were at $165.63 million at the end of 2024, a 9.1% increase from 2023, and a 4.8% increase since 2022.

How much cash does Boston Omaha have?

In the past 2 years, Boston Omaha's cash and equivalents has ranged from $21.95 million in 2023 to $28.29 million in 2024, and is currently $28.29 million as of their latest financial filing in 2024.

How has Boston Omaha's book value per share changed over the last 2 years?

Over the last 2 years, Boston Omaha's book value per share changed from 17.06 in 2022 to 16.98 in 2024, a change of -0.4%.

Related Companies

This page (NYSE:BOC) was last updated on 5/4/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Boston Omaha (BOC) Financials

Frequently Asked Questions About Boston Omaha's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Boston Omaha (BOC) Financials

Annual Income Statements for Boston Omaha

Quarterly Income Statements for Boston Omaha

Annual Cash Flow Statements for Boston Omaha

Quarterly Cash Flow Statements for Boston Omaha

Annual Balance Sheets for Boston Omaha

Quarterly Balance Sheets for Boston Omaha

Annual Metrics and Ratios for Boston Omaha

Quarterly Metrics and Ratios for Boston Omaha

Frequently Asked Questions About Boston Omaha's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools