Boston Omaha Corporation BOC

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
46/100
Developing

About Boston Omaha Corporation

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It operates through General Indemnity Group, LLC (GIG); Link Media Holdings, LLC (LMH); Boston Omaha Broadband, LLC (BOB); and Boston Omaha Asset Management, LLC (BOAM) segments. The company is also involved in the surety insurance and related brokerage, broadband, and asset … Full BOC analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.96), with margins expanding over time.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.72), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 32.0th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 28.0th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
32

Where BOC ranks in Conglomerates

Boston Omaha Corporation ranks #16 of 27 scored companies in Conglomerates by moat score — the top 59%. The widest moat in the group is Steel Partners Holdings LP LTD (SPLP) at 79/100.

Moat scores for companies ranked near BOC in Conglomerates
# Company Moat score Rating
12 Seaboard Corporation SEB 54/100 Moderate
13 FTAI Infrastructure Inc. FIP 50/100 Developing
14 Harte Hanks, Inc. HHS 47/100 Developing
15 Matthews International Corporat MATW 46/100 Developing
16 Boston Omaha Corporation BOC 46/100 Developing
17 D/B/A Compass Diversified Holdi CODI 43/100 Developing
18 DMC Global Inc. BOOM 41/100 Developing
19 Tejon Ranch Co TRC 38/100 Developing
20 Air T, Inc. AIRT 37/100 Developing

See every General Corporate company ranked by moat score →

How BOC scores on the Corporate Default defenses

Pricing Power

Score 32 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 24 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 61 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 34 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 53 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 74 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BOC's moat

What is Boston Omaha Corporation's moat score?

Boston Omaha Corporation (BOC) scores 46 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #16 of 27 scored companies in Conglomerates, the top 59%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Conglomerates. Its strongest defense is Scale & Market Position (74/100) and its weakest is Cost Advantage (24/100).

How does Boston Omaha Corporation compare with other Conglomerates companies?

Boston Omaha Corporation ranks #16 of 27 scored companies in Conglomerates by moat score. The widest moat in Conglomerates is Steel Partners Holdings LP LTD (SPLP) at 79/100. The companies ranked closest are Matthews International Corporat (MATW) at 46 just above it and D/B/A Compass Diversified Holdi (CODI) at 43 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Conglomerates. The defenses are then weighted to produce the overall score out of 100.

Why is Boston Omaha Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Boston Omaha Corporation?

The Corporate Default template measures 6 defenses, and BOC scores: Pricing Power (32), Cost Advantage (24), Customer Stickiness (61), Capital Efficiency (34), Resilience (53), Scale & Market Position (74). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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