OUTFRONT Media Inc. OUT

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

OUTFRONT Media is a real estate investment trust ("REIT") that provides advertising space ("displays") on out-of-home advertising structures and sites in the United States (the "U.S."), enabling advertisers to engage with audiences in high-impact in-real-life ("IRL") moments and environments. We are one of the largest providers of advertising space on out-of-home advertising structures and sites across the U.S. Our inventory consists of billboard displays primarily located on the most heavily traveled highways and roadways in top Nielsen Designated Market Areas ("DMAs"), and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. In total, we have displays in approximately 120 markets across the U.S., including the 25 largest markets in the U.S. Our top market, location-focused portfolio includes sites in and around New York City, Los Angeles and San Francisco, where public spaces can turn into platforms for creativity, connection and cultural relevance. The breadth and depth of our portfolio provides our customers with a range of options to address their marketing objectives by elevating brand influence and credibility through enterprise or commercial brand-building campaigns.

Last close 31.03 2026-10-23
Market cap $5.47B 2026-06-30 share count
52-week range 16.97 - 34.96

Valuation FY2025 figures against the last close

P/S3.0x
P/E37.8x
P/FCF25.0x
EV/EBITDA20.7x
Dividend yield3.8%
Diluted EPS0.82

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.83B$1.83B$1.82B$1.77B$1.46B$1.24B$1.78B$1.61B$1.52B$1.51B
SG&A $441.7M$447.9M$429.7M$422.1M$368.2M$315.1M$371.7M$330.2M$261.7M$264.8M
Total operating expenses $1.54B$1.41B$2.07B$1.49B$1.30B$1.16B$1.47B$1.37B$1.28B$1.31B
Operating income $293.5M$425.5M-$253.2M$282.5M$168.3M$72.5M$309.1M$234.8M$241.7M$204.9M
Interest expense ——$158.4M$131.8M$130.4M$131.1M$134.9M$125.7M$116.9M$113.8M
Pre-tax income $146.5M$269.1M-$419.4M$150.5M$31.6M-$58.5M$145.8M$108.7M$125.1M$91.0M
Income tax $2.0M$11.0M$4.0M$9.4M$3.4M$1.1M$10.9M$4.9M$4.1M$5.4M
Net income $147.0M$258.2M-$425.2M$147.9M$35.6M-$61.0M$140.1M$107.9M$125.8M$90.9M
EPS, basic 0.831.54-2.700.830.05-0.560.970.760.900.66
EPS, diluted 0.821.51-2.700.830.05-0.560.970.750.900.66
Shares, diluted (wtd. avg.) 169.2M170.8M161.0M157.9M146.1M144.3M143.2M139.6M138.9M138.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $99.9M$46.9M$36.0M$40.4M$424.8M$712.0M$60.9M$54.1M$48.3M$65.2M
Receivables $365.7M$305.3M$287.6M$315.5M$310.5M$209.2M$290.0M$264.9M$231.1M$222.0M
Total current assets $503.7M$385.8M$397.6M$390.4M$777.3M$974.7M$435.8M$429.5M$376.0M$378.2M
Property, plant and equipment $643.8M$648.9M$657.8M$699.8M$647.9M$634.2M$666.2M$652.9M$662.1M$665.0M
Goodwill $2.01B$2.01B$2.01B$2.08B$2.08B$2.08B$2.08B$2.08B$2.13B$2.09B
Other intangibles $612.0M$652.0M$695.4M$858.5M$614.9M$547.5M$550.9M$537.2M$580.9M$545.3M
Total assets $5.31B$5.22B$5.58B$5.99B$5.92B$5.90B$5.38B$3.83B$3.81B$3.74B
Accounts payable $50.2M$51.4M$55.5M$65.4M$64.9M$64.9M$67.9M$56.5M$56.1M$85.6M
Short-term debt $0$10.0M$65.0M$30.0M$0$80.0M$195.0M$160.0M$80.0M$0
Total current liabilities $545.3M$520.8M$593.0M$551.6M$507.7M$534.9M$650.0M$402.6M$299.6M$251.5M
Long-term debt $2.58B$2.48B$2.68B$2.63B$2.62B$2.62B$2.22B$2.15B$2.15B$2.14B
Total liabilities $4.58B$4.43B$4.85B$4.64B$4.53B$4.51B$4.26B$2.68B$2.58B$2.51B
Retained earnings -$1.91B-$1.85B-$1.82B-$1.18B-$1.12B-$1.10B-$964.6M-$871.6M-$775.6M-$699.5M
Total equity $710.4M$649.0M$577.3M$1.20B$972.3M$973.8M$1.09B$1.10B$1.18B$1.23B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $307.6M$299.2M$254.2M$254.1M$98.8M$130.6M$276.9M$214.3M$249.3M$287.1M
Depreciation and amortisation $90.6M$79.5M$79.3M$77.4M$79.4M$84.5M$87.3M$85.9M$89.7M$108.9M
Stock-based compensation $30.0M$30.8M$28.4M$33.8M$28.6M$23.8M$22.3M$20.2M$20.5M$18.0M
Capital expenditure $88.8M$78.1M$86.8M$89.8M$73.8M$53.5M$89.9M$82.3M$70.8M$59.4M
Investing cash flow -$113.7M$207.5M-$107.5M-$449.5M-$224.0M-$53.2M-$176.3M-$90.4M-$135.3M-$36.7M
Financing cash flow -$140.9M-$495.4M-$151.5M-$188.0M-$162.2M$573.0M-$94.3M-$117.7M-$131.5M-$286.5M
Dividends paid $210.3M$208.4M$207.0M$205.8M$57.5M$75.1M$208.1M$203.9M$201.8M$188.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001579877-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 1.5B Net income, FY2016: 90.9M Revenue, FY2017: 1.5B Net income, FY2017: 125.8M Revenue, FY2018: 1.6B Net income, FY2018: 107.9M Revenue, FY2019: 1.8B Net income, FY2019: 140.1M Revenue, FY2020: 1.2B Net income, FY2020: -61M Revenue, FY2021: 1.5B Net income, FY2021: 35.6M Revenue, FY2022: 1.8B Net income, FY2022: 147.9M Revenue, FY2023: 1.8B Net income, FY2023: -425.2M Revenue, FY2024: 1.8B Net income, FY2024: 258.2M Revenue, FY2025: 1.8B Net income, FY2025: 147M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.51B $1.52B $1.61B $1.78B $1.24B $1.46B $1.77B $1.82B $1.83B $1.83B
Gross profit — — — — — — — — — —
Net income $90.9M $125.8M $107.9M $140.1M -$61.0M $35.6M $147.9M -$425.2M $258.2M $147.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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