Outfront Media (OUT) financial statements
Outfront Media reported revenue of $1.8B in fiscal 2025, up 2.1% a year over 9 years.
Net income was $147M and the operating margin 16.0%, against 13.5% in 2016.
Free cash flow was $219M, and the company returned $210M in dividends.
The diluted share count rose 22% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Outfront Media's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.6B | $1.8B | $1.2B | $1.5B | $1.8B | $1.8B | $1.8B | $1.8B |
| Selling, general and admin | $265M | $262M | $330M | $372M | $315M | $368M | $422M | $430M | $448M | $442M |
| Operating income | $205M | $242M | $235M | $309M | $72M | $168M | $282M | -$253M | $426M | $294M |
| Interest expense | $114M | $117M | $126M | $135M | $131M | $130M | $132M | $158M | — | — |
| Pre-tax income | $91M | $125M | $109M | $146M | -$58M | $32M | $150M | -$419M | $269M | $146M |
| Income tax | $5M | $4M | $5M | $11M | $1M | -$3M | $9M | $4M | $11M | $2M |
| Net income | $91M | $126M | $108M | $140M | -$61M | $36M | $143M | -$425M | $258M | $147M |
| EPS (diluted) | $0.66 | $0.90 | $0.75 | $0.97 | -$0.56 | $0.05 | $0.83 | -$2.70 | $1.51 | $0.82 |
| Diluted shares | 138M | 139M | 140M | 143M | 144M | 146M | 158M | 161M | 171M | 169M |
| Operating margin | 13.5% | 15.9% | 14.6% | 17.3% | 5.9% | 11.5% | 15.9% | -13.9% | 23.2% | 16.0% |
| Net margin | 6.0% | 8.3% | 6.7% | 7.9% | -4.9% | 2.4% | 8.1% | -23.4% | 14.1% | 8.0% |
Balance sheet
Fiscal years, from Outfront Media's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $65M | $48M | $53M | $59M | $710M | $425M | $40M | $36M | $47M | $100M |
| Receivables | $222M | $231M | $265M | $290M | $209M | $310M | $316M | $288M | $305M | $366M |
| Total current assets | $378M | $376M | $430M | $436M | $975M | $777M | $390M | $398M | $386M | $504M |
| Property, plant and equipment | $665M | $662M | $653M | $666M | $634M | $648M | $700M | $658M | $649M | $644M |
| Goodwill | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.0B | $2.0B | $2.0B |
| Total assets | $3.7B | $3.8B | $3.8B | $5.4B | $5.9B | $5.9B | $6.0B | $5.6B | $5.2B | $5.3B |
| Total current liabilities | $252M | $300M | $403M | $650M | $535M | $508M | $552M | $593M | $521M | $545M |
| Long-term debt | $2.1B | $2.1B | $2.1B | $2.2B | $2.6B | $2.6B | $2.6B | $2.7B | $2.5B | $2.6B |
| Total liabilities | $2.5B | $2.6B | $2.7B | $4.3B | $4.5B | $4.5B | $4.6B | $4.9B | $4.4B | $4.6B |
| Shareholders' equity | $1.2B | $1.2B | $1.1B | $1.1B | $974M | $972M | $1.2B | $577M | $649M | $710M |
| Net debt | $2.1B | $2.1B | $2.1B | $2.2B | $1.9B | $2.2B | $2.6B | $2.6B | $2.4B | $2.5B |
Cash flow
Fiscal years, from Outfront Media's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $287M | $249M | $214M | $277M | $131M | $99M | $254M | $254M | $299M | $308M |
| Capital spending | $59M | $71M | $82M | $90M | $54M | $74M | $90M | $87M | $78M | $89M |
| Free cash flow | $228M | $178M | $132M | $187M | $77M | $25M | $164M | $167M | $221M | $219M |
| Stock-based compensation | $18M | $20M | $20M | $22M | $24M | $29M | $34M | $28M | $31M | $30M |
| Dividends paid | $189M | $202M | $204M | $208M | $75M | $58M | $206M | $207M | $208M | $210M |
| Net borrowing | -$90M | $8M | $0 | $78M | $400M | $0 | $0 | $50M | -$200M | $99M |
| Free cash flow margin | 15.0% | 11.7% | 8.2% | 10.5% | 6.2% | 1.7% | 9.3% | 9.2% | 12.1% | 11.9% |
| Dividends per share | $1.36 | $1.45 | $1.46 | $1.45 | $0.52 | $0.39 | $1.30 | $1.29 | $1.22 | $1.24 |
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Open OUT in InvestinglyQuestions
What was Outfront Media's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Outfront Media generate?
$219M in fiscal 2025 (operating cash flow minus capital spending).
From Outfront Media's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.