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Outfront Media Inc Financials

OUT
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Outfront Media Inc (OUT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OUT FY2025

OUTFRONT's cash generation stayed steadier than reported earnings, but a high payout policy and leveraged balance sheet limited balance-sheet repair.

From FY2023 to FY2025, operating cash flow held in a narrow $254M to $308M range even as reported earnings swung from loss to profit. That mismatch shows the company's cash earnings power was much more stable than GAAP net income, so the sharp income swings were not matched by a similar change in day-to-day cash production.

In FY2025, dividends absorbed almost all free cash flow: $210M paid out versus $219M generated, continuing a high-payout pattern rather than a cash-retention one. That helps explain why leverage stayed elevated at 3.6x debt-to-equity and why positive cash flow has translated into only modest balance-sheet improvement.

Revenue has been essentially flat near $1.8B for three years. Yet operating margin shifted from -13.9% in FY2023 to 16.0% in FY2025, showing that cost structure and accounting charges mattered more than top-line movement in shaping reported profitability.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFO Growth Leverage Interest Cov. AFFO Margin Dividend Cov. 26 / 100
Financial Health Score 26/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Outfront Media Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
26
FFO Growth
11
Leverage
43
AFFO Margin
28
Dividend Cov.
50
Altman Z-Score Distress
0.79

Outfront Media Inc scores 0.79, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.0B) relative to total liabilities ($4.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

Outfront Media Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.09x

For every $1 of reported earnings, Outfront Media Inc generates $2.09 in operating cash flow ($307.6M OCF vs $147.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.8B
YoY+0.0%
5Y CAGR+8.2%
10Y CAGR+1.9%

Outfront Media Inc generated $1.8B in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.

EBITDA
$453.7M
YoY-21.4%
5Y CAGR+15.8%
10Y CAGR+3.7%

Outfront Media Inc's EBITDA was $453.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.4% from the prior year.

Net Income
$147.0M
YoY-43.1%

Outfront Media Inc reported $147.0M in net income in fiscal year 2025. This represents a decrease of 43.1% from the prior year.

EPS (Diluted)
$0.82
YoY-45.7%

Outfront Media Inc earned $0.82 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 45.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$218.8M
YoY-1.0%
5Y CAGR+23.2%
10Y CAGR-0.7%

Outfront Media Inc generated $218.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1.0% from the prior year.

Cash & Debt
$99.9M
YoY+113.0%
5Y CAGR-32.5%
10Y CAGR-0.2%

Outfront Media Inc held $99.9M in cash against $2.6B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.20
YoY-27.3%
5Y CAGR+25.9%
10Y CAGR-1.7%

Outfront Media Inc paid $1.20 per share in dividends in fiscal year 2025. This represents a decrease of 27.3% from the prior year.

Shares Outstanding
175M
YoY+5.5%
5Y CAGR+3.9%
10Y CAGR+2.4%

Outfront Media Inc had 175M shares outstanding in fiscal year 2025. This represents an increase of 5.5% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
16.0%
YoY-7.2pp
5Y CAGR+10.2pp
10Y CAGR+10.3pp

Outfront Media Inc's operating margin was 16.0% in fiscal year 2025, reflecting core business profitability. This is down 7.2 percentage points from the prior year.

Net Margin
8.0%
YoY-6.1pp
5Y CAGR+13.0pp
10Y CAGR+10.0pp

Outfront Media Inc's net profit margin was 8.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.

Return on Equity
20.7%
YoY-19.1pp
5Y CAGR+27.0pp
10Y CAGR+23.1pp

Outfront Media Inc's ROE was 20.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 19.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$88.8M
YoY+13.7%
5Y CAGR+10.7%
10Y CAGR+4.1%

Outfront Media Inc invested $88.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.7% from the prior year.

OUT Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $429.6M-16.3% $513.3M+9.8% $467.5M+1.6% $460.2M+17.8% $390.7M-20.8% $493.2M+9.1% $451.9M-5.3% $477.3M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $107.3M-3.5% $111.2M+5.7% $105.2M-4.9% $110.6M-3.6% $114.7M+4.7% $109.6M+0.8% $108.7M-8.7% $119.1M
Operating Income $55.9M-58.1% $133.5M+48.5% $89.9M+60.0% $56.2M+304.3% $13.9M-87.5% $111.1M+55.8% $71.3M-68.9% $229.1M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $400K+300.0% $100K-91.7% $1.2M+500.0% $200K-60.0% $500K-16.7% $600K+400.0% -$200K-101.8% $11.1M
Net Income $19.1M-80.3% $96.8M+88.7% $51.3M+163.1% $19.5M+194.7% -$20.6M-127.8% $74.0M+113.9% $34.6M-80.4% $176.8M
EPS (Diluted) $0.11 N/A $0.29+190.0% $0.10+171.4% $-0.14-132.6% $0.43+115.0% $0.20-80.8% $1.04

OUT Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $5.2B-1.4% $5.3B+1.9% $5.2B+1.2% $5.1B+0.3% $5.1B-1.6% $5.2B+0.2% $5.2B-0.9% $5.3B
Current Assets $401.5M-20.3% $503.7M+24.4% $404.9M+14.0% $355.1M+10.5% $321.3M-16.7% $385.8M+12.2% $343.9M-2.6% $353.0M
Cash & Equivalents $67.2M-32.7% $99.9M+58.6% $63.0M+121.1% $28.5M-6.6% $30.5M-35.0% $46.9M+67.5% $28.0M-43.5% $49.6M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $294.3M-19.5% $365.7M+19.4% $306.3M+2.2% $299.6M+15.9% $258.5M-15.3% $305.3M+8.6% $281.2M+2.4% $274.5M
Goodwill $2.0B0.0% $2.0B0.0% $2.0B0.0% $2.0B0.0% $2.0B0.0% $2.0B0.0% $2.0B0.0% $2.0B
Total Liabilities $4.5B-0.6% $4.6B+1.1% $4.5B+1.3% $4.5B+1.0% $4.4B-0.1% $4.4B-0.4% $4.5B-0.3% $4.5B
Current Liabilities $492.2M-9.7% $545.3M+6.8% $510.7M-12.0% $580.5M+9.6% $529.8M+1.7% $520.8M-1.2% $527.2M+0.5% $524.5M
Long-Term Debt $2.6B0.0% $2.6B0.0% $2.6B+3.9% $2.5B0.0% $2.5B0.0% $2.5B0.0% $2.5B0.0% $2.5B
Total Equity $661.9M-6.8% $710.4M+30.9% $542.6M+0.6% $539.1M-4.9% $566.9M-12.7% $649.0M+5.0% $618.2M-1.7% $628.7M
Retained Earnings -$1.9B-1.8% -$1.9B+2.2% -$2.0B-0.1% -$2.0B-1.7% -$1.9B-3.9% -$1.8B-2.9% -$1.8B-1.0% -$1.8B

OUT Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $75.3M-36.2% $118.1M+33.0% $88.8M+32.3% $67.1M+99.7% $33.6M-73.0% $124.5M+70.3% $73.1M+3.0% $71.0M
Capital Expenditures $24.1M-2.8% $24.8M+17.5% $21.1M-17.9% $25.7M+49.4% $17.2M-5.5% $18.2M+3.4% $17.6M-26.4% $23.9M
Free Cash Flow $51.2M-45.1% $93.3M+37.8% $67.7M+63.5% $41.4M+152.4% $16.4M-84.6% $106.3M+91.5% $55.5M+17.8% $47.1M
Investing Cash Flow -$38.0M-43.9% -$26.4M-2.3% -$25.8M+29.9% -$36.8M-49.0% -$24.7M-6.5% -$23.2M+19.4% -$28.8M-110.3% $278.5M
Financing Cash Flow -$70.0M-27.7% -$54.8M-92.3% -$28.5M+11.8% -$32.3M-27.7% -$25.3M+69.3% -$82.4M-25.0% -$65.9M+80.7% -$342.2M
Dividends Paid $53.4M+1.5% $52.6M+0.4% $52.4M+0.2% $52.3M-1.3% $53.0M+1.9% $52.0M0.0% $52.0M0.0% $52.0M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

OUT Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 13.0%-13.0pp 26.0%+6.8pp 19.2%+7.0pp 12.2%+8.6pp 3.6%-19.0pp 22.5%+6.8pp 15.8%-32.2pp 48.0%
Net Margin 4.5%-14.4pp 18.9%+7.9pp 11.0%+6.7pp 4.2%+9.5pp -5.3%-20.3pp 15.0%+7.3pp 7.7%-29.4pp 37.0%
Return on Equity 2.9%-10.7pp 13.6%+4.2pp 9.4%+5.8pp 3.6%+7.3pp -3.6%-15.0pp 11.4%+5.8pp 5.6%-22.5pp 28.1%
Return on Assets 0.4%-1.5pp 1.8%+0.8pp 1.0%+0.6pp 0.4%+0.8pp -0.4%-1.8pp 1.4%+0.8pp 0.7%-2.7pp 3.4%
Current Ratio 0.82-0.1 0.92+0.1 0.79+0.2 0.610.0 0.61-0.1 0.74+0.1 0.65-0.0 0.67
Debt-to-Equity 3.90+0.3 3.64-1.1 4.76+0.1 4.61+0.2 4.38+0.6 3.83-0.2 4.01+0.1 3.94
FCF Margin 11.9%-6.3pp 18.2%+3.7pp 14.5%+5.5pp 9.0%+4.8pp 4.2%-17.3pp 21.6%+9.3pp 12.3%+2.4pp 9.9%

Note: The current ratio is below 1.0 (0.92), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Outfront Media Inc (OUT) reported $1.8B in total revenue for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Outfront Media Inc (OUT) revenue grew by 0% year-over-year, from $1.8B to $1.8B in fiscal year 2025.

Yes, Outfront Media Inc (OUT) reported a net income of $147.0M in fiscal year 2025, with a net profit margin of 8.0%.

Outfront Media Inc (OUT) reported diluted earnings per share of $0.82 for fiscal year 2025. This represents a -45.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Outfront Media Inc (OUT) had EBITDA of $453.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Outfront Media Inc (OUT) had $99.9M in cash and equivalents against $2.6B in long-term debt.

Outfront Media Inc (OUT) had an operating margin of 16.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Outfront Media Inc (OUT) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Outfront Media Inc (OUT) paid $1.20 per share in dividends during fiscal year 2025.

Outfront Media Inc (OUT) has a return on equity of 20.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Outfront Media Inc (OUT) generated $218.8M in free cash flow during fiscal year 2025. This represents a -1.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Outfront Media Inc (OUT) generated $307.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Outfront Media Inc (OUT) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Outfront Media Inc (OUT) invested $88.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Outfront Media Inc (OUT) had 175M shares outstanding as of fiscal year 2025.

Outfront Media Inc (OUT) had a current ratio of 0.92 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Outfront Media Inc (OUT) had a debt-to-equity ratio of 3.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Outfront Media Inc (OUT) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Outfront Media Inc (OUT) has an Altman Z-Score of 0.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Outfront Media Inc (OUT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Outfront Media Inc (OUT) has an earnings quality ratio of 2.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Outfront Media Inc (OUT) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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