Outfront Media Inc.
- Open
- 29.82
- Day high
- 30.02
- Day low
- 29.32
- Prev close
- 29.55
- Volume
- 653K
- Mkt cap
- $5.0B
- P/E (TTM)
- 20.8
- EPS (TTM)
- $1.41
- P/B
- 7.1
- P/S
- 2.6
- Yield
- 4.07%
- Per share
- $1.20
- ▼Insiders net selling -$804K over the last 3 months (1 open-market buy, 6 sales)
- 🏛Institutions accumulating (13F)
Outfront Media Inc. (OUT) is a Real Estate company listed on NYSE. The stock is up 59% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 6 sales (SEC Form 4). Drillr has 1 published research article covering OUT.
Outfront Media Inc. (OUT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OUT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $0.38 | $0.44 | +16.1% | $523M | +2.5% |
| May 7, 2026 | $0.28 | $0.34 | +21.4% | $430M | -0.4% |
| Feb 25, 2026 | $0.71 | $0.73 | +2.8% | $513M | +22.2% |
| Nov 6, 2025 | $0.50 | $0.57 | +14.0% | $468M | -8.6% |
| May 8, 2025 | $0.15 | $0.14 | -6.7% | $391M | -15.8% |
| Feb 25, 2025 | $0.63 | $0.69 | +9.5% | $493M | +0.6% |
| May 2, 2024 | $0.14 | $0.14 | +1.4% | $409M | -0.6% |
| Feb 21, 2024 | $0.66 | $0.64 | -2.4% | $501M | +0.9% |
| Nov 2, 2023 | $0.43 | $0.47 | +9.3% | $455M | -1.6% |
| Aug 3, 2023 | $0.52 | $0.48 | -7.9% | $469M | -1.2% |
| May 3, 2023 | $0.16 | $0.05 | -68.8% | $396M | +2.2% |
| Feb 22, 2023 | $0.71 | $0.57 | -19.7% | $495M | -1.2% |
OUT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 24, 2026 | Norton James Michaelofficer: EVP, CRO, Enterprise | Option | 10,593 | — |
| Aug 24, 2026 | Norton James Michaelofficer: EVP, CRO, Enterprise | Tax | 1,685 | — |
| Aug 24, 2026 | Norton James Michaelofficer: EVP, CRO, Enterprise | Grant | 426 | — |
| Aug 20, 2026 | MARTIN PATRICKofficer: SVP, Controller, CAO | Sell | 10,000 | $30.10 |
| Jul 2, 2026 | Bonanni Mark Emilioofficer: EVP, CRO, Commercial | Option | 4,507 | — |
| Jul 2, 2026 | Bonanni Mark Emilioofficer: EVP, CRO, Commercial | Tax | 1,685 | $32.86 |
| Jul 2, 2026 | Bonanni Mark Emilioofficer: EVP, CRO, Commercial | Grant | 164 | — |
| Jun 25, 2026 | Sauer Richard H.officer: EVP, General Counsel | Sell | 1,280 | $32.08 |
| Jun 25, 2026 | Sauer Richard H.officer: EVP, General Counsel | Sell | 5,000 | $32.08 |
| Jun 25, 2026 | Sauer Richard H.officer: EVP, General Counsel | Sell | 3,720 | $31.36 |
| Jun 23, 2026 | Sauer Richard H.officer: EVP, General Counsel | Sell | 5,000 | $31.05 |
| Jun 17, 2026 | Sauer Richard H.officer: EVP, General Counsel | Sell | 5,000 | $31.35 |
| Jun 12, 2026 | Carleton Mark Ddirector | Option | 8,663 | — |
| Jun 12, 2026 | Carleton Mark Ddirector | Grant | 339 | — |
| Jun 11, 2026 | Norton James Michaelofficer: EVP, CRO, Enterprise | Buy | 4,130 | $30.81 |
Source: OUT SEC Form 4 filings, latest Aug 24, 2026. For informational purposes only — not investment advice.
See the full OUT insider & 13F page →Outfront Media Inc. company profile
Overview
Outfront Media Inc. (NYSE:OUT) is a leading out-of-home advertising company that operates one of the largest networks of billboard, transit, and mobile advertising assets in North America. Founded in 2014 as a spin-off from CBS Corporation, the company went public on March 28, 2014. Outfront has evolved from a traditional outdoor advertising business into a technology-driven platform that leverages digital displays, data analytics, and programmatic advertising to connect brands with consumers outside their homes. The company completed the sale of its Canadian operations in 2024 for $300 million and now operates exclusively in the United States market.
Business
Outfront Media operates in the out-of-home advertising industry, which encompasses advertising displays located in public spaces where consumers spend time outside their homes. The company's core business revolves around selling advertising space on physical displays to brands and advertisers who want to reach consumers during their daily commutes and activities. The company operates two primary business segments that generate roughly equal revenue shares: Billboard Advertising (approximately 50% of revenue): This segment includes both traditional static billboards and digital billboard displays located along highways, major roads, and urban areas. Digital billboards can display multiple advertisements in rotation and allow for more dynamic, targeted messaging. The company has been actively converting static displays to digital formats, adding 150-200 new digital billboards annually. Digital billboard revenues have been growing at 4-11% annually and represent an increasing share of total billboard revenue. Transit Advertising (approximately 50% of revenue): This segment focuses on advertising displays within public transportation systems, with the New York Metropolitan Transportation Authority (MTA) being the company's largest transit partner. Transit advertising includes displays in subway stations, on buses, and in other transit facilities. The company has been digitalizing its transit network, with digital transit revenues growing 11-12% annually. Transit advertising revenue is closely tied to ridership levels and urban mobility patterns. The out-of-home advertising industry serves as an alternative to traditional media channels like television, radio, and online advertising. Unlike digital advertising that can be blocked or skipped, out-of-home advertising provides unavoidable exposure to consumers during their daily routines. The industry has been experiencing a shift toward digital displays, which offer greater flexibility, real-time content updates, and more sophisticated targeting capabilities compared to traditional static displays.
Risks & safety
Outfront Media presents moderate financial risk with concerning leverage levels but stable cash generation from its physical asset base. Debt and Solvency Risk: • High debt-to-equity ratio of 5.2x as of Q4 2024, though improved from 5.4x • Net leverage at 4.7x EBITDA, within management's target range of 4-5x • Committed liquidity exceeding $600 million provides near-term financial flexibility • Current ratio of 0.74 indicates potential short-term liquidity concerns Cash Generation and Burn: • Positive free cash flow of $221 million for full year 2024 • Operating cash flow of $299 million demonstrates stable cash generation • AFFO (Adjusted Funds From Operations) growing at mid-single digits annually • Business model provides relatively predictable cash flows from contracted advertising space Valuation Metrics: • EV/EBITDA of 12.0x for 2024, reasonable for a REIT-like business • Price-to-book ratio of 3.8x suggests moderate premium to asset value • Trading at approximately 11.4x earnings based on 2024 results Other Considerations: • Asset-heavy business model provides some downside protection through physical infrastructure value • REIT-like structure requires significant dividend payments, limiting financial flexibility • Exposure to economic cycles through advertising spending volatility
Recent development
Over the past few years, Outfront Media has undergone significant strategic transformation focused on digital conversion, geographic consolidation, and technology advancement. Digital-First Strategy: The company has accelerated its conversion from static to digital displays, adding 150-200 digital billboards annually and nearly 1,800 digital transit displays. Digital revenue now represents 33-36% of total revenue, growing 7-11% annually. This shift enables dynamic content, real-time updates, and higher advertising rates. Geographic Focus: Outfront completed the sale of its Canadian business for $300 million in 2024, allowing the company to focus exclusively on the U.S. market. This divestiture improved the balance sheet by reducing net leverage from 5.4x to 4.7x and provided capital for domestic growth initiatives. Technology and Automation: The company has invested heavily in programmatic advertising capabilities, with automated sales growing from 14% to 20% of digital billboard revenues. These automated channels generate approximately $1 higher CPM than direct sales. The company has also implemented data analytics tools like SmartSCOUT for enhanced demographic targeting. Transit Partnership Evolution: Outfront has strengthened its relationship with the New York MTA, with transit revenues growing 9-12% annually. The company has digitalized much of its transit network and implemented programmatic buying for digital transit displays. However, it strategically exited some marginally profitable billboard contracts to focus on higher-return opportunities. Leadership Transition: The company underwent a leadership change in 2024, with longtime CEO Jeremy Male retiring after 11 years and Nick Brien appointed as Interim CEO while the board conducts a search for a permanent replacement.
OUT company profile · for informational purposes only — not investment advice.
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