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Side-by-side financial comparison of BOSTON OMAHA Corp (BOC) and CIVISTA BANCSHARES, INC. (CIVB). Click either name above to swap in a different company.

CIVISTA BANCSHARES, INC. is the larger business by last-quarter revenue ($47.3M vs $29.7M, roughly 1.6× BOSTON OMAHA Corp). CIVISTA BANCSHARES, INC. runs the higher net margin — 31.7% vs -23.1%, a 54.8% gap on every dollar of revenue. Over the past eight quarters, CIVISTA BANCSHARES, INC.'s revenue compounded faster (11.3% CAGR vs 7.8%).

Boston Omaha Corporation is a publicly traded diversified holding company. Its core operating segments include outdoor advertising, surety insurance, residential real estate development, and fixed wireless broadband services, primarily serving customers across the United States, with a focus on driving long-term shareholder value via strategic acquisitions and organic operational growth.

Civista Bancshares, Inc. is a US-based bank holding company operating primarily across the Midwest region. It provides a full suite of personal and commercial banking services including deposit accounts, mortgage, consumer and commercial lending products, as well as wealth management solutions, serving retail consumers, small and medium-sized local businesses and community client segments.

BOC vs CIVB — Head-to-Head

Bigger by revenue
CIVB
CIVB
1.6× larger
CIVB
$47.3M
$29.7M
BOC
Higher net margin
CIVB
CIVB
54.8% more per $
CIVB
31.7%
-23.1%
BOC
Faster 2-yr revenue CAGR
CIVB
CIVB
Annualised
CIVB
11.3%
7.8%
BOC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BOC
BOC
CIVB
CIVB
Revenue
$29.7M
$47.3M
Net Profit
$-6.9M
$15.0M
Gross Margin
64.0%
Operating Margin
-4.2%
Net Margin
-23.1%
31.7%
Revenue YoY
6.4%
Net Profit YoY
-228.1%
47.4%
EPS (diluted)
$-0.23
$0.72

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOC
BOC
CIVB
CIVB
Q1 26
$47.3M
Q4 25
$29.7M
$46.3M
Q3 25
$28.7M
$44.2M
Q2 25
$28.2M
$41.4M
Q1 25
$27.7M
$40.6M
Q4 24
$27.9M
$40.4M
Q3 24
$27.7M
$39.3M
Q2 24
$27.1M
$38.1M
Net Profit
BOC
BOC
CIVB
CIVB
Q1 26
$15.0M
Q4 25
$-6.9M
Q3 25
$-2.6M
$12.8M
Q2 25
$-2.3M
$11.0M
Q1 25
$-669.3K
$10.2M
Q4 24
$5.3M
Q3 24
$-1.6M
$8.4M
Q2 24
$-2.2M
$7.1M
Gross Margin
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
64.0%
Q3 25
66.2%
Q2 25
66.1%
Q1 25
67.3%
Q4 24
69.5%
Q3 24
67.5%
Q2 24
68.2%
Operating Margin
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
-4.2%
31.8%
Q3 25
-3.7%
35.4%
Q2 25
-2.9%
31.1%
Q1 25
-2.9%
29.4%
Q4 24
-4.6%
28.2%
Q3 24
-2.7%
25.2%
Q2 24
-16.2%
21.2%
Net Margin
BOC
BOC
CIVB
CIVB
Q1 26
31.7%
Q4 25
-23.1%
Q3 25
-9.0%
28.9%
Q2 25
-8.2%
26.6%
Q1 25
-2.4%
25.0%
Q4 24
19.1%
Q3 24
-5.8%
21.3%
Q2 24
-8.3%
18.5%
EPS (diluted)
BOC
BOC
CIVB
CIVB
Q1 26
$0.72
Q4 25
$-0.23
$0.59
Q3 25
$-0.08
$0.68
Q2 25
$-0.07
$0.71
Q1 25
$-0.02
$0.66
Q4 24
$0.17
$0.62
Q3 24
$-0.05
$0.53
Q2 24
$-0.07
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOC
BOC
CIVB
CIVB
Cash + ST InvestmentsLiquidity on hand
$56.8M
Total DebtLower is stronger
$25.7M
Stockholders' EquityBook value
$516.1M
$553.9M
Total Assets
$713.1M
$4.3B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
$56.8M
Q3 25
$67.6M
Q2 25
$68.6M
Q1 25
$69.2M
Q4 24
$73.2M
Q3 24
$58.6M
Q2 24
$53.1M
Total Debt
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
$25.7M
Q3 25
$25.9M
Q2 25
$26.1M
Q1 25
$26.3M
Q4 24
$26.5M
Q3 24
$26.7M
Q2 24
$26.9M
Stockholders' Equity
BOC
BOC
CIVB
CIVB
Q1 26
$553.9M
Q4 25
$516.1M
$543.5M
Q3 25
$528.4M
$499.0M
Q2 25
$531.0M
$404.1M
Q1 25
$533.3M
$397.4M
Q4 24
$532.8M
$388.5M
Q3 24
$527.7M
$394.4M
Q2 24
$530.5M
$373.8M
Total Assets
BOC
BOC
CIVB
CIVB
Q1 26
$4.3B
Q4 25
$713.1M
$4.3B
Q3 25
$721.4M
$4.1B
Q2 25
$730.6M
$4.2B
Q1 25
$730.8M
$4.1B
Q4 24
$728.3M
$4.1B
Q3 24
$711.9M
$4.1B
Q2 24
$723.1M
$4.0B
Debt / Equity
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOC
BOC
CIVB
CIVB
Operating Cash FlowLast quarter
$17.9M
Free Cash FlowOCF − Capex
$-10.0M
FCF MarginFCF / Revenue
-33.8%
Capex IntensityCapex / Revenue
93.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
$17.9M
$43.3M
Q3 25
$4.9M
$19.0M
Q2 25
$4.6M
$11.1M
Q1 25
$2.6M
$3.6M
Q4 24
$21.2M
$48.2M
Q3 24
$5.2M
$12.9M
Q2 24
$4.5M
$12.2M
Free Cash Flow
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
$-10.0M
$42.1M
Q3 25
$-489.4K
Q2 25
$-2.7M
Q1 25
$-4.3M
$3.5M
Q4 24
$-11.0M
$44.1M
Q3 24
$-1.2M
Q2 24
$-4.3M
FCF Margin
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
-33.8%
90.9%
Q3 25
-1.7%
Q2 25
-9.7%
Q1 25
-15.5%
8.5%
Q4 24
-39.2%
109.1%
Q3 24
-4.4%
Q2 24
-15.9%
Capex Intensity
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
93.9%
2.5%
Q3 25
18.9%
Q2 25
25.9%
Q1 25
24.7%
0.4%
Q4 24
115.3%
10.4%
Q3 24
23.2%
Q2 24
32.6%
Cash Conversion
BOC
BOC
CIVB
CIVB
Q1 26
Q4 25
Q3 25
1.49×
Q2 25
1.01×
Q1 25
0.36×
Q4 24
3.97×
Q3 24
1.54×
Q2 24
1.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BOC
BOC

Billboard Rentals$11.9M40%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$10.0M34%
GIG$7.3M25%
Other$608.4K2%

CIVB
CIVB

Net Interest Income$37.8M80%
Noninterest Income$9.4M20%

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