Boston Omaha Corporation

BOC Industrials Conglomerates

Boston Omaha Corporation’s revenue for fiscal 2025 (year ended December 2025) was $114.4 million, up 5.64% from fiscal 2024.

Revenue
+2.40%
EPS
+28.6%
Free cash flow
+135.5%
Total debt
+3.97%

Quarter to June 2026, against a year earlier

13.94 0.08 −0.57%
Market cap
$421.2M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
5/9
Altman Z
1.52
Beneish M
−2.57
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 1.39
Sold, $m 1.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — 2 — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 7.11%

Capital & Financial Ratios $m

Size
Market Cap 421.16
Revenue ttm 115.42
Net income ttm (15.67)
Free cash flow ttm (4.65)
Net debt Q 11.18
Valuation
P/E 0.00
Forward P/E 0.00
Price / sales 3.67
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.82
Financial health
Current ratio Q 2.05 (at or above 1.5: strong)
Debt / equity Q 0.09 (at or below 0.5: strong)
Interest coverage Q (0.99)
Growth
Revenue growth Q +2.40% (above 0%: growing)
Operating income growth Q −17.77% (below 0%: shrinking)
EPS, this year +80.00% (at or above 15%: strong)
EPS, next year A +75.00% (at or above 15%: strong)
Revenue, next year A +4.74%
EPS, past 5 yrs —
EPS, next 5 yrs A +13.28%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 7.20%
10-year low 10-year high
P/B against its own 10 years 25.34%
10-year low 10-year high
EV/Sales against its own 10 years 17.49%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 99 90 83 36
Receivables 12 12 16 5
Inventory — — — —
Other 14 10 14 80
131 117 119 125
2023 2024 2025 Q'26
Payables 18 16 14 8
ST’ Debt 1 1 2 2
Other 14 16 20 41
51 55 60 61

Compound Annual Growth %

10y 5y 3y
Sales 65.93% 20.12% 12.08%
Cash Flow 0.00% 28.11% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 36.72% 7.04% 1.41%

EPS $

Mar Jun Sep Dec Year
’26 (0.07) (0.05) — — —
’25 (0.02) (0.07) (0.08) (0.22) (0.40)
’24 (0.09) (0.07) (0.05) 0.17 (0.04)
’23 (0.11) 0.05 (0.05) (0.12) (0.23)
’22 0.55 (0.39) (0.05) 0.22 0.35
’21 3.09 0.29 (0.89) (0.50) 1.82
’20 (1.05) 0.14 0.13 0.73 0.02
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 28 22 — — —
’25 28 22 29 36 114
’24 26 27 28 28 108
’23 23 24 25 25 96
’22 16 21 21 23 81
’21 13 14 14 15 57
’20 11 11 12 11 46
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 6 — — —
’25 3 5 5 6 18
’24 2 5 5 9 21
’23 1 3 8 4 16
’22 (16) 1 5 4 (5)
’21 4 1 1 1 8
’20 0 1 2 2 5
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 1 — — —
’25 (4) (3) 0 (3) (10)
’24 (6) (4) (1) 1 (11)
’23 (7) (10) (14) (5) (36)
’22 (22) (7) (11) (5) (45)
’21 1 (3) (3) (8) (13)
’20 (1) (2) 0 (1) (3)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4 9 20 41 46 57 81 96 108 114 115 +45.8% 120 126 — +4.7%
Gross margin, % 21.27 12.91 19.13 28.59 31.03 7.26 34.72 33.03 33.05 35.87 35.45 +14.6 pt
EBT (3) (6) (9) (1) (2) 73 8 (9) 3 (18) (17) +21.6%
EBT margin, % (82.57) (71.88) (45.75) (3.58) (5.31) 128.44 9.69 (9.50) 2.86 (16.07) (14.78) +66.5 pt
Net income (3) (6) (9) (1) (2) 55 10 (6) 3 (18) (16) +21.5%
Per share, $
Per share, $ Revenue 0.64 0.83 1.00 1.82 1.78 1.97 2.74 3.10 3.44 3.64 3.79 +21.4%
Earnings (0.53) (0.60) (0.46) (0.07) 0.02 1.82 0.35 (0.23) (0.04) (0.40) (0.42) (3.0%)
Cash flow (0.25) (0.29) 0.00 0.42 0.20 0.27 (0.17) 0.52 0.67 0.57 0.69 n/m
Capex (0.12) (0.21) (0.15) (0.12) (0.33) (0.72) (1.35) (1.67) (1.02) (0.89) (0.84) +25.2%
Free cash flow (0.36) (0.50) (0.15) 0.30 (0.13) (0.46) (1.52) (1.15) (0.35) (0.32) (0.15) (1.4%)
Book value 10.29 13.60 15.81 15.16 14.86 17.13 17.31 19.32 17.87 17.06 16.94 +5.8%
Shares, m 6 11 20 23 26 29 30 31 31 31 31 +20.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 14.44 77.08 0.00 0.00 0.00 0.00 9.2
P/S 23.59 35.27 23.30 11.58 15.52 14.61 9.33 5.14 4.12 3.40 3.67 14.6
P/B 1.46 2.16 1.48 1.39 1.86 1.68 1.47 0.82 0.79 0.72 0.82 1.4
EV/Sales 15.55 25.08 17.75 8.29 9.63 8.57 8.67 4.39 3.66 3.43 3.77 10.5
EV/FCF (27.26) (41.47) (116.86) 50.12 (129.59) (36.89) (15.57) (11.79) (36.19) (39.10) (93.68) (40.5)
Cash, $m
Cash, $m Operating cash flow (1) (3) 0 10 5 8 (5) 16 21 18 21 n/m
Capex (1) (2) (3) (3) (9) (21) (40) (52) (32) (28) (26) +50.3%
Free cash flow (2) (5) (3) 7 (3) (13) (45) (36) (11) (10) (5) +18.4%
Balance, $m
Balance, $m Working capital 29 89 106 140 295 337 61 80 63 59 64 +8.1%
Net debt (31) (92) (111) (136) (269) (344) (54) (72) (50) (34) 11 +1.0%
Shareholders’ equity 62 147 315 345 382 496 514 601 563 536 515 +27.0%
Returns, %
Returns, % ROA (7.10) (5.90) (3.75) (0.39) (0.01) 7.29 1.37 (0.96) (0.17) (1.72) (1.87) +5.4 pt
ROIC (6.26) (7.67) (3.76) (3.71) (2.78) (9.76) (0.71) (1.05) (1.03) (0.49) (0.64) +5.8 pt
ROE (7.41) (6.18) (3.94) (0.45) (0.01) 12.02 2.03 (1.26) (0.22) (2.26) (2.47) +5.2 pt
People
People Employees 36 86 138 138 217 256 440 463 452 422 — +31.5%
Revenue/emp, $m 0.11 0.10 0.15 0.30 0.21 0.22 0.18 0.21 0.24 0.27 — +10.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Boston Omaha Corporation vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CODI Compass Diversified Holdings $863.0M — (loss-making) — (loss-making) −11.42% (below 0%: shrinking) n/m +150.97% (above 0%: growing) 47.16% 6.83% Compare
FBYD Falcon's Beyond Global, Inc. $821.5M — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
CRESY Cresud S.A.C.I.F. y A. $640.5M 4.9× — +22.29% (above 0%: growing) −57.51% (below 0%: shrinking) −87.57% (below 0%: shrinking) 37.44% 49.66% Compare
MATW Matthews International Corporation $618.0M — (loss-making) — (loss-making) −29.58% (below 0%: shrinking) n/m +73.67% (above 0%: growing) 35.85% (5.37%) Compare
TRC Tejon Ranch Co $453.7M 58.5× 91.0× +88.92% (above 0%: growing) +100.00% (above 0%: growing) +118.12% (above 0%: growing) 0.00% 10.49% Compare
BOC Boston Omaha Corporation $421.2M — (loss-making) — (loss-making) +2.40% (above 0%: growing) n/m +135.51% (above 0%: growing) 44.46% (2.72%)
FIP FTAI Infrastructure Inc. $347.5M — (loss-making) — (loss-making) +52.73% (above 0%: growing) n/m +49.28% (above 0%: growing) 100.00% (24.97%) Compare
NNBR NN, Inc. $250.3M — (loss-making) — (loss-making) +26.20% (above 0%: growing) n/m −114.17% (below 0%: shrinking) 13.94% (2.53%) Compare
RCMT RCM Technologies, Inc. $226.3M 13.8× 15.4× +20.02% (above 0%: growing) +38.00% (above 0%: growing) +228.92% (above 0%: growing) 25.67% 8.48% Compare
Median of peers $535.9M 13.8× — +24.25% +38.00% +95.90% 36.65% 2.15%

All 29 Conglomerates stocks →

Pay and ownership Proxy statement filed 1 July 2026

Ownership

Directors and executive officers, together 24.92% of the votes
Adam K. Peterson 22.36% of the votes
Magnolia BOC I, LP 18.50% of the votes
238 Plan Associates LLC and Massachusetts Institute of Technology 5.30% of the votes
Dimensional Fund Advisors 5.20% of the votes
BlackRock, Inc. 5.06% of the votes
Magnolia Capital Fund, L.P. 1.92% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Boston Omaha Corporation (BOC) Latest News

27 Oct

Impact 3 · · lifeinsuranceinternational.com

30 Mar

Impact 3 · · Associated Press

29 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

2 Jan

Impact 3 · · Simply Wall St.

13 Nov

Impact 4 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

14 Oct

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

28 Jul

31 Mar

Impact 4 · · Insider Monkey

24 Feb

Impact 4 · · Insider Monkey
stockrow.com/BOC · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com