BOC · Boston Omaha Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $114.38M | $108.27M | $96.25M | $81.23M | $56.97M | $45.74M |
| Cost of Revenue | $39.07M | $34.34M | - | - | - | - |
| Gross Profit | $75.31M | $73.93M | $64.35M | $54.54M | $38.38M | $27.23M |
| R&D | - | - | - | - | - | - |
| SG&A | $15.88M | $16.24M | $16.11M | $12.86M | $9.76M | $6.28M |
| Total Operating Expenses | $79.24M | $82.40M | $105.11M | $86.46M | $80.74M | $49.77M |
| D&A | $17.02M | $14.50M | $19.57M | $15.12M | $10.13M | $7.69M |
| Operating Income | ($3.93M) | ($8.47M) | ($8.85M) | ($5.23M) | ($23.77M) | ($4.03M) |
| Interest Expense | $2.33M | $1.60M | $1.15M | $1.21M | $956.0K | $841.8K |
| Income Tax | ($79.3K) | ($274.8K) | ($2.98M) | ($3.50M) | $17.69M | $0 |
| Net Income | ($12.43M) | ($1.29M) | ($7.00M) | $7.14M | $52.75M | $455.8K |
| EPS - Basic | ($0.40) | ($0.04) | ($0.23) | $0.24 | $0.00 | - |
| EPS - Diluted | ($0.40) | ($0.04) | ($0.23) | $0.24 | $0.00 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.62M | $28.29M | $21.95M | $25.49M | $72.51M | $43.54M |
| Accounts Receivable | $16.02M | $12.43M | $12.14M | $5.83M | $4.47M | $4.04M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $118.94M | $117.45M | $131.39M | $113.96M | $390.71M | $188.81M |
| Total Assets | $713.07M | $728.35M | $768.21M | $683.72M | $807.05M | $509.65M |
| Current Liabilities | $60.17M | $54.91M | $51.39M | $52.98M | $54.03M | $28.65M |
| Long-term Debt | $46.38M | $38.36M | $26.52M | $26.95M | $28.51M | $21.78M |
| Total Liabilities | $177.00M | $165.63M | $151.75M | $157.07M | $166.46M | $100.46M |
| Stockholders' Equity | $516.14M | $532.82M | $538.21M | $503.53M | $496.33M | $402.88M |
| Retained Earnings | ($17.18M) | ($4.75M) | $15.67M | $19.58M | $12.44M | ($21.36M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.86M | $21.24M | $16.06M | ($5.17M) | $7.77M | $5.57M |
| Investing Cash Flow | ($13.55M) | $28.10M | ($64.25M) | $87.86M | ($45.67M) | ($38.13M) |
| Financing Cash Flow | $1.21M | ($47.56M) | $32.94M | ($109.73M) | $64.64M | $60.01M |
| CapEx | $27.90M | $32.20M | $51.87M | $40.06M | $21.01M | $8.57M |
| Free Cash Flow | ($10.04M) | ($10.96M) | ($35.81M) | ($45.22M) | ($13.24M) | ($3.00M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 65.8% | 68.3% | 66.9% | 67.1% | 67.4% | 59.5% |
| Operating margin | -3.4% | -7.8% | -9.2% | -6.4% | -41.7% | -8.8% |
| EBITDA margin | 11.4% | 5.6% | 11.1% | 12.2% | -23.9% | 8.0% |
| Net margin | -10.9% | -1.2% | -7.3% | 8.8% | 92.6% | 1.0% |
| Free cash flow margin | -8.8% | -10.1% | -37.2% | -55.7% | -23.2% | -6.6% |
| FCF / Net income | 0.81 | 8.48 | 5.11 | -6.33 | -0.25 | -6.58 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 13.9% | 15.0% | 16.7% | 15.8% | 17.1% | 13.7% |
| Effective tax rate | - | - | - | -96.0% | 25.1% | 0.0% |
| Return on assets | -1.7% | -0.2% | -0.9% | 1.0% | 6.5% | 0.1% |
| Return on equity | -2.4% | -0.2% | -1.3% | 1.4% | 10.6% | 0.1% |
| Return on invested capital | -0.6% | -1.2% | -1.2% | -1.0% | -3.4% | -0.9% |
| Liquidity | ||||||
| Current ratio | 1.98 | 2.14 | 2.56 | 2.15 | 7.23 | 6.59 |
| Quick ratio | 1.98 | 2.14 | 2.56 | 2.15 | 7.23 | 6.59 |
| Cash ratio | 0.48 | 0.52 | 0.43 | 0.48 | 1.34 | 1.52 |
| Leverage | ||||||
| Debt / Equity | 0.09 | 0.07 | 0.05 | 0.05 | 0.06 | 0.05 |
| Debt / Assets | 0.07 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 |
| Debt / EBITDA | 3.54 | 6.36 | 2.48 | 2.72 | - | 5.94 |
| Interest coverage | -1.7x | -5.3x | -7.7x | -4.3x | -24.9x | -4.8x |
| Equity multiplier | 1.38 | 1.37 | 1.43 | 1.36 | 1.63 | 1.27 |
| Liabilities / Assets | 0.25 | 0.23 | 0.20 | 0.23 | 0.21 | 0.20 |
| Efficiency | ||||||
| Asset turnover | 0.16 | 0.15 | 0.13 | 0.12 | 0.07 | 0.09 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 51d | 42d | 46d | 26d | 29d | 32d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.8x | 0.8x | - | - | - | - |
| P / S | 3.4x | 4.1x | - | - | - | - |
| EV / EBITDA | 31.0x | 75.8x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 5.6% | 12.5% | 18.5% | 42.6% | 24.5% | 10.5% |
| Revenue CAGR (3y) | 12.1% | 23.9% | 28.1% | 25.2% | 41.7% | 71.8% |
| Revenue CAGR (5y) | 20.1% | 21.2% | 36.9% | 55.2% | 71.5% | 129.2% |
| Gross profit growth (YoY) | 1.9% | 14.9% | 18.0% | 42.1% | 40.9% | 14.5% |
| Operating income growth (YoY) | 53.6% | 4.3% | -69.3% | 78.0% | -490.3% | 67.6% |
| Net income growth (YoY) | -861.5% | 81.5% | - | -86.5% | 11473.1% | - |
| EPS growth (YoY) | -900.0% | 82.6% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 8.4% | 69.4% | 20.8% | -241.6% | -341.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -3.1% | -1.0% | 6.9% | 1.5% | 23.2% | 16.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$114.38M totalLMH$45.85M · 40.1%
BOB$41.19M · 36.0%
GIG$27.24M · 23.8%
BOAM$93.9K · 0.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.41
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Operators (No Developers) & Lessors
Comparing BOSTON OMAHA Corp against the 3 most active filers in the same SIC group.