Boston Omaha Corporation Class A Common Stock (BOC)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $12.76, Boston Omaha has a $388.2 million market cap. FairStock's P/B calculation is 0.77, so the market values the equity below book value. That attracts a Graham-style eye, but cheap assets only matter if they earn. The business - billboards, surety insurance, broadband, and asset management - has local billboard assets that may carry some barriers to entry, but the reported figures do not yet demonstrate a durable moat. In fiscal 2025, the year ended 2025-12-31, revenue was $114.4 million, net income was -$12.4 million, and diluted EPS was -$0.40. That is worse than fiscal 2024, when revenue was $108.3 million, net income was -$1.3 million, and diluted EPS was -$0.04. Revenue grew from $96.3 million in fiscal 2023 to $114.4 million in fiscal 2025, but profit growth has been ugly: FairStock's profit growth calculation is -220.75%. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $22.2 million and net income was -$1.6 million, an improvement from -$2.3 million in fiscal Q2 2025. Still, trailing free cash flow is -$5.7 million, and FairStock's FCF yield is -1.5%. FairStock's ROE is -2.93% and ROCE is -0.34%, confirming weak returns. The balance sheet is not highly levered - FairStock's D/E is 0.20 - and its Piotroski F-Score is 7/9, but Altman Z-Score is 1.49 and EV/EBITDA is 27.65. FairStock labels it a TURNAROUND, based on a loss in the latest year after earlier profits, though the filed annuals shown here have all been loss-making. The FairStock Score is 43/100. The key question is whether revenue growth and cost control can turn these assets into real earning power.

In plain English: Boston Omaha owns billboards, a small insurance business, broadband services, and asset management. It is not very profitable right now: it lost $12.4 million in fiscal 2025, and the latest quarter also showed a loss, though the loss was smaller than a year earlier. At $12.76, the shares look inexpensive compared with the company's accounting net worth, but the business is still weak on earnings and cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer