Boston Omaha (BOC) Financials

$14.23 +0.02 (+0.14%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$14.22 -0.02 (-0.11%)

As of 05/23/2025 04:41 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.29	-7.00	10
Consolidated Net Income / (Loss)	3.37	-6.17	10
Net Income / (Loss) Continuing Operations	3.37	-6.17	10
Total Pre-Tax Income	3.10	-9.15	7.87
Total Operating Income	-8.47	-8.85	-5.23
Total Gross Profit	70	64	28
Total Revenue	108	96	81
Operating Revenue	108	96	81
Total Cost of Revenue	38	33	53
Operating Cost of Revenue	38	33	53
Total Operating Expenses	79	73	33
Selling, General & Admin Expense	21	21	18
Depreciation Expense	14	12	8.65
Amortization Expense	7.68	7.41	6.47
Other Operating Expenses / (Income)	35	32	0.21
Other Special Charges / (Income)	0.72	0.08	-0.06
Total Other Income / (Expense), net	12	-0.29	13
Interest Expense	1.60	1.15	1.21
Interest & Investment Income	13	0.85	12
Income Tax Expense	-0.27	-2.98	-2.50
Net Income / (Loss) Attributable to Noncontrolling Interest	4.66	0.84	0.15
Basic Earnings per Share	($0.04)	($0.23)	$0.34
Weighted Average Basic Shares Outstanding	31.50M	31.09M	29.70M
Diluted Earnings per Share	($0.04)	($0.23)	$0.34
Weighted Average Diluted Shares Outstanding	31.50M	31.09M	29.77M
Weighted Average Basic & Diluted Shares Outstanding	31.45M	31.35M	30.82M

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	1.78	-15	-27
Net Cash From Operating Activities	21	16	-5.17
Net Cash From Continuing Operating Activities	21	16	-5.17
Net Income / (Loss) Continuing Operations	3.37	-6.17	10
Consolidated Net Income / (Loss)	3.37	-6.17	10
Depreciation Expense	22	20	15
Amortization Expense	4.19	5.49	5.31
Non-Cash Adjustments To Reconcile Net Income	-12	5.55	-11
Changes in Operating Assets and Liabilities, net	3.17	-8.59	-25
Net Cash From Investing Activities	28	-64	88
Net Cash From Continuing Investing Activities	28	-64	88
Purchase of Property, Plant & Equipment	-32	-52	-40
Acquisitions	-0.52	-18	-98
Purchase of Investments	-294	-299	-116
Sale and/or Maturity of Investments	355	304	341
Other Investing Activities, net	0.00	-0.25	0.00
Net Cash From Financing Activities	-48	33	-110
Net Cash From Continuing Financing Activities	-48	33	-110
Repayment of Debt	-1.27	-1.16	-1.50
Repurchase of Common Equity	-18	-1.28	-0.24
Payment of Dividends	-38	-0.77	0.00
Issuance of Debt	14	0.00	-
Issuance of Common Equity	0.21	43	8.01
Other Financing Activities, net	-4.13	-6.93	-116
Cash Interest Paid	1.53	1.13	1.17
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	8.65	-4.86	-23	21	-13	-7.51	11	-6.14	-6.05	29
Net Cash From Operating Activities	9.12	5.20	4.51	2.42	3.82	7.88	3.00	1.37	4.41	5.10
Net Cash From Continuing Operating Activities	9.12	5.20	4.51	2.42	3.82	7.88	3.00	1.37	4.41	5.10
Net Income / (Loss) Continuing Operations	9.91	-1.27	-2.02	-3.25	-0.92	-2.46	0.64	-3.44	6.57	-1.30
Consolidated Net Income / (Loss)	9.91	-1.27	-2.02	-3.25	-0.92	-2.46	0.64	-3.44	6.57	-1.30
Depreciation Expense	5.77	5.73	5.51	5.39	5.28	5.04	4.90	4.56	4.34	4.22
Amortization Expense	0.17	1.26	1.39	1.37	1.36	1.29	1.42	1.42	1.38	1.34
Non-Cash Adjustments To Reconcile Net Income	-12	-2.50	0.01	3.04	6.61	-2.23	-1.94	3.11	-2.73	1.59
Changes in Operating Assets and Liabilities, net	5.71	1.99	-0.39	-4.14	-8.52	6.24	-2.02	-4.29	-5.14	-0.75
Net Cash From Investing Activities	-1.79	-0.26	7.27	23	-15	-9.81	-1.30	-38	-17	-6.18
Net Cash From Continuing Investing Activities	-1.79	-0.26	7.27	23	-15	-9.81	-1.30	-38	-17	-6.18
Purchase of Property, Plant & Equipment	-8.50	-6.43	-8.82	-8.45	-8.76	-22	-13	-8.01	-9.86	-17
Acquisitions	-0.44	-0.04	-0.01	-0.02	-4.61	-4.61	-5.60	-3.16	-11	-45
Purchase of Investments	-56	-73	-52	-113	-34	-114	-97	-53	-12	-37
Sale and/or Maturity of Investments	63	79	68	145	31	131	116	26	17	48
Net Cash From Financing Activities	1.32	-9.79	-34	-4.65	-1.18	-5.58	9.36	30	6.29	0.11
Net Cash From Continuing Financing Activities	1.32	-9.79	-34	-4.65	-1.18	-5.58	9.36	30	6.29	30
Repayment of Debt	-0.27	-0.60	-0.20	-0.20	-0.20	-0.20	-0.38	-0.38	-0.38	-0.37
Repurchase of Common Equity	-0.21	-1.38	-17	0.00	-	-0.01	-0.40	-0.87	-0.07	-0.05
Payment of Dividends	-0.52	-9.49	-	-	-0.69	-0.08	-	-	-	-
Issuance of Debt	3.50	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	0.12	-	-	0.09	0.00	1.25	10	31	7.91	-
Other Financing Activities, net	-1.30	1.68	0.03	-4.53	-0.29	-6.54	-0.28	0.18	-1.16	30
Cash Interest Paid	0.48	0.46	0.31	0.28	0.28	0.28	0.29	0.28	0.29	0.30
Cash Income Taxes Paid	-0.02	0.00	0.01	0.00	0.04	0.01	0.05	0.00	-0.21	-0.01

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

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

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

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

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

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

Frequently Asked Questions About Boston Omaha's Financials

When does Boston Omaha's fiscal year end?

According to the most recent income statement we have on file, Boston Omaha's financial year ends in December. Their financial 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. View Boston Omaha's forecast to see where analysts expect Boston Omaha to go next.

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%.

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This page (NYSE:BOC) was last updated on 5/25/2025 by MarketBeat.com Staff

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Boston Omaha (BOC) Financials

Frequently Asked Questions About Boston Omaha's Financials

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Boston Omaha (BOC) Financials

Annual Income Statements for Boston Omaha

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