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BOC Stock Analysis - BOSTON OMAHA Corp AI Rating

BOC NYSE Real Estate Operators (No Developers) & Lessors DE CIK: 0001494582
Recently Updated • Analysis: Mar 21, 2026 • SEC Data: 2025-09-30
AI Rating
SELL
75% Confidence

📊 BOC Key Takeaways

Revenue: $84.7M
Net Margin: -6.6%
Free Cash Flow: $-7.5M
Current Ratio: 2.07x
Debt/Equity: 0.05x
EPS: $-0.18
AI Rating: SELL with 75% confidence

Investment Thesis

Boston Omaha faces significant operational challenges despite topline growth, with deteriorating profitability including negative operating and net income in the latest period. The company's negative free cash flow of -7.5M and failure to cover interest costs indicate financial stress, though a strong balance sheet with low leverage provides a cushion.

BOC Strengths

  • + Revenue growth of 12.5% YoY demonstrates market demand
  • + Strong balance sheet with 0.05x debt-to-equity and $37.1M cash
  • + Excellent liquidity position with 2.07x current and quick ratios
  • + High gross margin of 66.5% indicates pricing power and operational efficiency at product level

BOC Risks

  • ! Negative net income of -5.6M with deteriorating profitability trend (-138.3% YoY)
  • ! Negative operating margin of -3.2% and operating income loss of -2.7M indicate core business struggles
  • ! Negative free cash flow of -7.5M and inability to cover interest costs (interest coverage of -2.4x)
  • ! Capital expenditures of $19.6M exceed operating cash flow of $12.1M, creating cash burn

Key Metrics to Watch

BOC Financial Metrics

Revenue
$84.7M
Net Income
$-5.6M
EPS (Diluted)
$-0.18
Free Cash Flow
$-7.5M
Total Assets
$721.4M
Cash Position
$37.1M

💡 AI Analyst Insight

Strong liquidity with a 2.07x current ratio provides a solid financial cushion.

BOC Profitability Ratios

Gross Margin 66.5%
Operating Margin -3.2%
Net Margin -6.6%
ROE -1.1%
ROA -0.8%
FCF Margin -8.9%

BOC vs Default Sector

How BOSTON OMAHA Corp compares to Default sector averages

Net Margin
BOC -6.6%
vs
Sector Avg 12.0%
BOC Sector
ROE
BOC -1.1%
vs
Sector Avg 15.0%
BOC Sector
Current Ratio
BOC 2.1x
vs
Sector Avg 1.8x
BOC Sector
Debt/Equity
BOC 0.0x
vs
Sector Avg 0.7x
BOC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

BOC Balance Sheet & Liquidity

Current Ratio
2.07x
Quick Ratio
2.07x
Debt/Equity
0.05x
Debt/Assets
24.0%
Interest Coverage
-2.39x
Long-term Debt
$25.9M

BOC 5-Year Financial Trend

BOC 5-year financial data: Year 2020: Revenue $45.7M, Net Income -$1.5M, EPS N/A. Year 2021: Revenue $57.0M, Net Income -$49.1K, EPS $0.00. Year 2022: Revenue $81.2M, Net Income $52.7M, EPS $1.82. Year 2023: Revenue $96.3M, Net Income $10.2M, EPS $0.34. Year 2024: Revenue $108.3M, Net Income -$7.0M, EPS $-0.23.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: BOSTON OMAHA Corp's revenue has grown significantly by 137% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.23 indicates the company is currently unprofitable.

BOC Growth Metrics (YoY)

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-8.9%
Free cash flow / Revenue

BOC Quarterly Performance

Quarterly financial performance data for BOSTON OMAHA Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $27.7M -$669.3K $-0.05
Q2 2025 $27.1M -$669.3K $-0.07
Q1 2025 $25.6M -$669.3K $-0.02
Q3 2024 $24.5M $1.5M $-0.05
Q2 2024 $24.2M $1.5M $0.05
Q1 2024 $22.8M -$2.8M $-0.09
Q3 2023 $21.4M -$1.4M $-0.05
Q2 2023 $20.9M $1.5M $0.05

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

BOC Capital Allocation

Operating Cash Flow
$12.1M
Cash generated from operations
Stock Buybacks
$87.2K
Shares repurchased (TTM)
Capital Expenditures
$19.6M
Investment in assets
Dividends
None
No dividend program

BOC SEC Filings

Access official SEC EDGAR filings for BOSTON OMAHA Corp (CIK: 0001494582)

📋 Recent SEC Filings

Date Form Document Action
Mar 12, 2026 8-K bomn20260312_8k.htm View →
Feb 17, 2026 4 xslF345X05/rdgdoc.xml View →
Dec 15, 2025 4 xslF345X05/rdgdoc.xml View →
Dec 3, 2025 4 xslF345X05/rdgdoc.xml View →
Dec 3, 2025 4 xslF345X05/rdgdoc.xml View →

Frequently Asked Questions about BOC

What is the AI rating for BOC?

BOSTON OMAHA Corp (BOC) has an AI rating of SELL with 75% confidence, based on fundamental analysis of SEC EDGAR filings.

What are BOC's key strengths?

Revenue growth of 12.5% YoY demonstrates market demand. Strong balance sheet with 0.05x debt-to-equity and $37.1M cash.

What are the risks of investing in BOC?

Negative net income of -5.6M with deteriorating profitability trend (-138.3% YoY). Negative operating margin of -3.2% and operating income loss of -2.7M indicate core business struggles.

What is BOC's revenue and growth?

BOSTON OMAHA Corp reported revenue of $84.7M.

Does BOC pay dividends?

BOSTON OMAHA Corp does not currently pay dividends.

Where can I find BOC SEC filings?

Official SEC filings for BOSTON OMAHA Corp (CIK: 0001494582) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BOC's EPS?

BOSTON OMAHA Corp has a diluted EPS of $-0.18.

How is the AI analysis conducted?

Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.

Disclaimer: This analysis is generated by Claude AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2025-09-30 | Powered by Claude AI