Skip to content
MARKETS / NYSE / BOC
NYSE · REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS · SMALL CAP

Boston Omaha Corp. BOC

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$114.4M
▲ 5.6% YoY
$-12.4M
$-10.0M
In brief

What this company does

The company operates four separate lines of business: outdoor billboard advertising, broadband services, surety insurance and related brokerage activities, and an asset management business. It also holds minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, a company serving the broadband industry, and a publicly-traded developer of private aviation infrastructure focused on building, leasing and managing business aviation hangars. As of December 31, 2025, it operated approximately 3,900 billboards with approximately 7,500 advertising faces. As of December 31, 2025, it had approximately 49,500 broadband customers, including 19,900 fiber customers, and 48,300 fiber passings completed. UCS, its surety insurance subsidiary, now has licenses to operate in all 50 states and the District of Columbia. As of March 1, 2026, it had 422 employees, of which 260 were in broadband operations, 92 were in billboard operations, 65 were in insurance services and 5 were in administrative or corporate related activities. Boston Omaha Corporation commenced its current business operations in June 2015.

Written from the business description in BOSTON OMAHA Corp's annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 114.4M
Revenue, FY2025 · full 15-year series below
Revenue $M Net income $M
FY2025 · Revenue 114.4 · Net income -12.4
40M80M20112013201520172019202120232025
Compound annual growth
+12.1%
+20.1%
+65.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−16 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.4% · Net -16.0%
50%-100%-200%20112013201520172019202120232025
ROE
FY2025 · ROE -2.4%
5%10%-2%-4%-6%20112013201520172019202120232025

Each USD of equity lost 2 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -10.0
2.5M5.0M-20.0M-40.0M20112013201520172019202120232025

Total assetsUSD 713.1M
EquityUSD 516.1M
CashUSD 28.6M
Gross debtUSD 48.8M
Net debtUSD 20.1M
Current ratio1.98×

Net debt stands at 4% of equity.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B0.10.10.10.10.10.00.00.00.00.00.00.00.00.0·
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0··
EBITDA $B0.00.00.00.0−0.00.00.0−0.0−0.0−0.0−0.0····
Income tax $B−0.0−0.0−0.0−0.00.00.00.0········
Net income $B−0.0−0.0−0.00.00.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0····
EPS, diluted $−0.40−0.04−0.230.341.820.00−0.07−0.46−0.60−0.53−0.71−0.25−0.04··
Dividend / sh $···············
Payout %···············
ROE %−2.4−0.2−1.32.012.0−0.0−0.5−3.9−6.2−7.4·····
Shares out B·0.00·········0.000.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 1 failures · 4 divergences in 64 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 4 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 30 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures4 divergent
ActivityReal Estate Operators (No Developers) & Lessors
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2011

Share this section

Download image