Boston Omaha Corporation (BOC) Stock

Boston Omaha Corporation (BOC) is a Real Estate stock trading at $13.98 (as of 2026-08-24), with a market capitalization of $425.31M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Boston Omaha Corporation and its subsidiaries operate an outdoor billboard advertising business in the southeastern United States and also participate in surety insurance and related brokerage, broadband, and investment activities. The company provides high-speed internet service to customers in southern Arizona and the Salt Lake City area.

Understand Boston Omaha Corporation: how it makes money

Boston Omaha runs outdoor billboard advertising (with billboards in the southeast United States) and also earns subscription-like revenue from providing high-speed internet service in parts of southern Arizona and Utah, alongside surety insurance and related brokerage and commission income.

Profit drivers come from two localized cash engines, billboard rentals and broadband services, where demand and utilization (ad placements, and internet customers in specific communities) determine revenue generation.

Revenue by segment (latest quarter)
Billboards$0.0B
Broadband$0.0B

Business quality (Weak): Segment data provided is limited to billboard rentals and broadband, while insurance-related revenue is shown as 0.0B in the inputs (so insurance contribution cannot be sized from these facts).

Bull case

  • Multiple revenue sources within operations: The company operates in billboard advertising and also provides broadband service, plus it participates in surety insurance and related brokerage (as described).
  • Defined geographic footprint: Broadband customers are concentrated in southern Arizona and specific areas in Utah, and billboard assets are stated as being in the southeast United States.

Bear case

  • Revenue size and disclosure limits in the provided data: Reported revenue is shown as 0.0B in the inputs, and insurance commissions revenue is also shown as 0.0B, limiting how much can be concluded about each business from the provided segment figures.
  • Operational concentration risk: Because broadband is tied to specific communities and billboards are located in a stated region, adverse demand shifts in those markets could impact performance.
Valuation — source: SEC EDGAR (first-party)
Price$13.98
Market Cap$425.31M
EV / EBITDA39.1
Price / Book0.83
Price / Sales3.96
FCF Yield-3.0%
DCF Value (model)$17.06
DCF Upside vs Price22.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$114.38M
Net Margin-10.9%
Return on Equity-2.6%
Debt / Equity0.09
Current Ratio2.05
Revenue Growth (YoY)5.6%
EPS Growth (YoY)900.0%
FCF Growth (YoY)-8.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.70 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMAGNOLIA GROUP, LLC ($65.28M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOAdam Kenneth Peterson
Employees407
CountryUS
IPO Date2017-06-13

Related Companies (Real Estate; 8 comparable real estate companies)

  • Star Holdings (STHO)
  • Five Point Holdings, LLC (FPH)
  • Angel Oak Mortgage, Inc. (AOMR)
  • Gladstone Commercial Corporation (GOOD)
  • Curbline Properties Corp. (CURB)
  • Claros Mortgage Trust, Inc. (CMTG)
  • Comstock Holding Companies, Inc. (CHCI)
  • Getty Realty Corp. (GTY)
BOC earnings history · BOC institutional & insider holders · BOC KPIs & operating metrics · BOC financials · BOC investor presentations & press releases · BOC SEC filings · BOC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.