Boston Omaha Corp (BOC) Key Metrics
BOC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $357.6M
- Enterprise value
- $469.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.1 10-yr median 11.6
- Price / book
- 0.8 10-yr median 1.5
- EV / EBITDA
- 26.0 10-yr median 27.2
- Dividend yield
- —
- Beta
- 0.72
BOC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBOC valuation Price multiples at each fiscal year-end price.
BOC returns How much profit the business earns on the capital it uses.
BOC per-share figures Results divided by the shares outstanding at year-end.
BOC financial health Debt, liquidity and how easily interest is covered.
BOC efficiency & capital use Working capital cycle and where the cash goes.
BOC valuation history
BOC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BOC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BOC cash returned to shareholders
BOC price vs earnings per share
BOC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $388.6M | $446.6M | $489.1M | $788.8M | $834.5M | $709.9M | $479.2M | $466.4M | $350.4M | — |
| Enterprise value | $418.7M | $459.9M | $481.9M | $807.7M | $689.7M | $492.4M | $395.1M | $358.2M | $259.3M | — |
| P/E ratio | — | — | — | 77.1 | 15.8 | — | — | — | — | — |
| Price / sales | 3.4 | 4.1 | 5.1 | 9.7 | 14.6 | 15.5 | 11.6 | 23.3 | 38.9 | — |
| Price / book | 0.8 | 0.8 | 0.9 | 1.6 | 1.7 | 1.9 | 1.4 | 1.5 | 2.4 | — |
| Price / free cash flow | — | — | — | — | — | — | 70.5 | — | — | — |
| Price / operating cash flow | 21.8 | 21.0 | 30.5 | — | 107.4 | 137.2 | 49.9 | — | — | — |
| EV / sales | 3.7 | 4.2 | 5.0 | 9.9 | 12.1 | 10.8 | 9.5 | 17.9 | 28.8 | — |
| EV / EBITDA | 28.7 | 14.1 | 27.9 | 27.2 | 7.8 | 48.2 | 24.5 | — | — | — |
| EV / free cash flow | — | — | — | — | — | — | 58.1 | — | — | — |
| Earnings yield | −3.2% | −0.3% | −1.4% | 1.3% | 6.3% | −0.0% | −0.3% | −2.0% | −1.8% | — |
| Free cash flow yield | −2.6% | −2.5% | −7.3% | −5.7% | −1.6% | −0.5% | 1.4% | −0.7% | −1.6% | — |
| Shareholder yield (dividends + buybacks) | 1.5% | 4.1% | 0.0% | 14.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Share price at fiscal year-end | $12.37 | $14.18 | $15.73 | $26.50 | $28.73 | $27.65 | $21.04 | $23.40 | $32.39 | — |
| Per share | ||||||||||
| Revenue per share | $3.64 | $3.44 | $3.10 | $2.73 | $1.96 | $1.78 | $1.82 | $1.00 | $0.83 | $0.64 |
| Earnings per share | −$0.40 | −$0.04 | −$0.23 | $0.34 | $1.82 | −$0.00 | −$0.07 | −$0.46 | −$0.60 | −$0.52 |
| Operating cash flow per share | $0.57 | $0.67 | $0.52 | −$0.17 | $0.27 | $0.20 | $0.42 | $0.00 | −$0.30 | −$0.25 |
| Free cash flow per share | −$0.32 | −$0.35 | −$1.15 | −$1.52 | −$0.46 | −$0.13 | $0.30 | −$0.15 | −$0.51 | −$0.36 |
| Cash per share | $2.49 | $2.75 | $3.09 | $2.49 | $8.10 | $11.39 | $6.77 | $5.53 | $8.47 | $5.08 |
| Book value per share | $16.43 | $16.92 | $17.31 | $16.92 | $17.09 | $14.86 | $15.16 | $15.81 | $13.60 | $10.29 |
| Tangible book value per share | $8.99 | $9.27 | $9.34 | $8.59 | $10.32 | $8.29 | $9.07 | $9.01 | $10.46 | $6.85 |
| Capex per share | $0.89 | $1.02 | $1.67 | $1.35 | $0.72 | $0.33 | $0.12 | $0.16 | $0.21 | $0.12 |
| Debt per share | $3.45 | $3.17 | $2.86 | $3.12 | $3.12 | $2.92 | $3.08 | $0.10 | $0.05 | $0.00 |
| Shares outstanding | 31.4M | 31.5M | 31.1M | 29.8M | 29.0M | 25.7M | 22.8M | 19.9M | 10.8M | 6.0M |
| Change in shares outstanding | −0.3% | +1.3% | +4.5% | +2.5% | +13.1% | +12.7% | +14.3% | +84.3% | +79.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.4% | −0.2% | −1.3% | 2.0% | 12.0% | −0.0% | −0.5% | −3.9% | −6.2% | −7.4% |
| Return on invested capital (ROIC) | −0.6% | −1.6% | −1.3% | −1.2% | −7.0% | −1.9% | −4.2% | −7.4% | −12.2% | −11.8% |
| Return on assets (ROA) | −1.7% | −0.2% | −1.0% | 1.4% | 7.3% | −0.0% | −0.4% | −3.8% | −5.9% | −7.1% |
| Return on tangible assets | −2.6% | −0.3% | −1.3% | 2.3% | 8.6% | −0.0% | −0.5% | −4.6% | −5.4% | −7.1% |
| Free cash flow margin | −8.8% | −10.1% | −37.2% | −55.7% | −23.2% | −7.4% | 16.4% | −15.4% | −61.2% | −57.1% |
| Income quality (OCF / net income) | — | — | — | −0.50 | 0.15 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $108.4M | $99.9M | $88.9M | $93.0M | $90.6M | $75.0M | $70.1M | $2.0M | $497,000 | $0 |
| Cash & short-term investments | $78.3M | $86.6M | $96.0M | $74.1M | $235.4M | $292.5M | $154.2M | $110.2M | $91.6M | $30.7M |
| Net debt | $30.1M | $13.3M | −$7.2M | $18.9M | −$144.8M | −$217.5M | −$84.2M | −$108.2M | −$91.1M | −$30.7M |
| Debt / equity | 0.21 | 0.19 | 0.17 | 0.18 | 0.18 | 0.20 | 0.20 | 0.01 | 0.00 | 0.00 |
| Debt / assets | 0.15 | 0.14 | 0.12 | 0.14 | 0.11 | 0.12 | 0.16 | 0.01 | 0.00 | 0.00 |
| Net debt / EBITDA | 2.06 | 0.41 | −0.41 | 0.64 | −1.63 | −21.29 | −5.21 | — | — | — |
| Current ratio | 1.98 | 2.14 | 2.56 | 2.15 | 7.23 | 9.71 | 7.48 | 9.53 | 18.65 | 10.08 |
| Quick ratio | 1.98 | 2.14 | 2.49 | 2.95 | 8.85 | 10.83 | 7.46 | 9.53 | 35.17 | 10.08 |
| Interest coverage | -1.7 | -5.3 | -7.7 | -4.3 | -24.9 | -5.9 | -41.0 | — | -820.5 | -402.4 |
| Working capital | $58.8M | $62.5M | $80.0M | $61.0M | $336.7M | $295.2M | $140.5M | $106.1M | $88.8M | $29.1M |
| Invested capital | $546.2M | $546.1M | $531.0M | $522.4M | $351.5M | $164.0M | $261.1M | $207.0M | $56.1M | $31.5M |
| Tangible asset value | $302.3M | $322.0M | $368.5M | $278.8M | $443.9M | $357.8M | $208.4M | $180.8M | $114.3M | $41.4M |
| Net current asset value | −$58.1M | −$48.2M | −$20.4M | −$43.1M | $224.3M | $214.9M | $72.2M | $102.9M | $88.8M | $28.9M |
| Graham number | — | — | — | $11.44 | $26.42 | — | — | — | — | — |
| Graham net-net per share | −$2.76 | −$2.21 | −$1.44 | −$3.35 | $0.98 | $6.92 | $2.98 | $4.91 | $4.23 | $4.61 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $5.8M | $18.4M | $0 | $115.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 0.0% | — | — | — |
| Capex / revenue | 24.4% | 29.7% | 53.9% | 49.3% | 36.9% | 18.7% | 6.8% | 15.6% | 25.2% | 18.5% |
| Capex / operating cash flow | 156.2% | 151.6% | 323.0% | — | 270.4% | 165.7% | 29.3% | 8,143.4% | — | — |
| Capex / depreciation | 0.91 | 1.15 | 2.05 | 1.94 | 1.43 | 0.73 | 0.16 | 0.38 | 0.68 | 0.43 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.7% | — | — | — | — | — | 0.8% | — |
| SG&A / revenue | 17.5% | 54.8% | 55.4% | 54.8% | 90.8% | 52.9% | 53.1% | 81.3% | 94.2% | 98.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 45.5 | 41.9 | 34.8 | 23.7 | 92.4 | 115.6 | 40.3 | 51.0 | 38.0 | 50.3 |
| Days of inventory on hand | — | — | -222.7 | -887.8 | -1,230.1 | -369.0 | 3.6 | -1,998.4 | -4,421.5 | 0.0 |
| Days payables outstanding | 442.5 | 216.2 | 168.2 | 247.8 | 315.1 | 123.3 | 95.6 | 135.4 | 135.3 | 89.6 |
| Cash conversion cycle (days) | -397.0 | -174.4 | -356.1 | -1,111.9 | -1,452.9 | -376.7 | -51.7 | -2,082.8 | -4,518.8 | -39.2 |
| Receivables turnover | 8.02 | 8.72 | 10.49 | 15.43 | 3.95 | 3.16 | 9.05 | 7.16 | 9.60 | 7.25 |
| Payables turnover | 0.82 | 1.69 | 2.17 | 1.47 | 1.16 | 2.96 | 3.82 | 2.70 | 2.70 | 4.08 |
| Inventory turnover | — | — | — | — | — | — | 102.54 | — | — | 1,266,000.00 |
| Asset turnover | 0.16 | 0.14 | 0.13 | 0.11 | 0.08 | 0.08 | 0.11 | 0.08 | 0.08 | 0.09 |
| Average receivables | $14.3M | $12.4M | $9.2M | $5.3M | $14.4M | $14.5M | $4.6M | $2.8M | $939,422 | $529,908 |
| Average payables | $18.1M | $20.3M | $14.7M | $18.1M | $16.0M | $6.3M | $4.6M | $2.8M | $1.3M | $310,646 |
| Average inventory | — | — | −$19.5M | −$64.9M | −$62.7M | −$18.7M | $171,760 | −$41.6M | −$41.6M | $1 |
| Intangibles / total assets | 32.8% | 33.0% | 32.3% | 36.2% | 24.4% | 26.3% | 31.7% | 40.9% | 22.2% | 31.6% |
Computed from BOC's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BOC valuation and financial ratios
Boston Omaha earned a return on equity of −2.4% and a return on invested capital of −0.6% in fiscal 2025. It ended the year with $108.4 million of debt and $78.3 million in cash and short-term investments, net debt of $30.1 million. It returned $5.8 million to shareholders: $0 in dividends and $5.8 million in share buybacks. The share count rose 419.7% from 6.0M to 31.4M over 9 years.
See the BOC income statement, the BOC chart for price history, or the BOC stock overview for the latest quote and news.
BOC key metrics FAQ
What is Boston Omaha's EV/EBITDA?
Boston Omaha's enterprise value was 28.7 times EBITDA at the end of fiscal 2025 (enterprise value $418.7 million, EBITDA $14.6 million); the current EV/EBITDA is 26.0.
What is Boston Omaha's return on equity?
Boston Omaha's return on equity (ROE) was −2.4% in fiscal 2025: net income of -$12.4 million on average shareholders' equity of $524.5 million.
What is Boston Omaha's ROIC?
Boston Omaha's return on invested capital was −0.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Boston Omaha have?
Boston Omaha had total debt of $108.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.21 and $30.1 million of net debt (2.06 times EBITDA).
Does Boston Omaha buy back its shares?
Yes. Boston Omaha spent $5.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 31.4M..
What is Boston Omaha's free cash flow yield?
Boston Omaha generated -$10.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.6% on its market value at year-end ($388.6 million).
What is Boston Omaha's current ratio?
Boston Omaha's current ratio was 1.98 at the end of fiscal 2025: current assets were 1.98 times current liabilities.