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Side-by-side financial comparison of BOSTON OMAHA Corp (BOC) and Electromed, Inc. (ELMD). Click either name above to swap in a different company.

BOSTON OMAHA Corp is the larger business by last-quarter revenue ($29.7M vs $18.9M, roughly 1.6× Electromed, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs -23.1%, a 37.7% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs 6.4%). Electromed, Inc. produced more free cash flow last quarter ($2.4M vs $-10.0M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% 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.

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

BOC vs ELMD — Head-to-Head

Bigger by revenue
BOC
BOC
1.6× larger
BOC
$29.7M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+9.9% gap
ELMD
16.3%
6.4%
BOC
Higher net margin
ELMD
ELMD
37.7% more per $
ELMD
14.6%
-23.1%
BOC
More free cash flow
ELMD
ELMD
$12.4M more FCF
ELMD
$2.4M
$-10.0M
BOC
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
7.8%
BOC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BOC
BOC
ELMD
ELMD
Revenue
$29.7M
$18.9M
Net Profit
$-6.9M
$2.8M
Gross Margin
64.0%
78.4%
Operating Margin
-4.2%
19.2%
Net Margin
-23.1%
14.6%
Revenue YoY
6.4%
16.3%
Net Profit YoY
-228.1%
40.3%
EPS (diluted)
$-0.23
$0.32

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
ELMD
ELMD
Q4 25
$29.7M
$18.9M
Q3 25
$28.7M
$16.9M
Q2 25
$28.2M
$17.4M
Q1 25
$27.7M
$15.7M
Q4 24
$27.9M
$16.3M
Q3 24
$27.7M
$14.7M
Q2 24
$27.1M
$14.8M
Q1 24
$25.6M
$13.9M
Net Profit
BOC
BOC
ELMD
ELMD
Q4 25
$-6.9M
$2.8M
Q3 25
$-2.6M
$2.1M
Q2 25
$-2.3M
$2.2M
Q1 25
$-669.3K
$1.9M
Q4 24
$5.3M
$2.0M
Q3 24
$-1.6M
$1.5M
Q2 24
$-2.2M
$1.8M
Q1 24
$-2.8M
$1.5M
Gross Margin
BOC
BOC
ELMD
ELMD
Q4 25
64.0%
78.4%
Q3 25
66.2%
78.1%
Q2 25
66.1%
78.3%
Q1 25
67.3%
78.0%
Q4 24
69.5%
77.7%
Q3 24
67.5%
78.3%
Q2 24
68.2%
76.2%
Q1 24
67.9%
74.8%
Operating Margin
BOC
BOC
ELMD
ELMD
Q4 25
-4.2%
19.2%
Q3 25
-3.7%
15.8%
Q2 25
-2.9%
17.5%
Q1 25
-2.9%
13.6%
Q4 24
-4.6%
15.6%
Q3 24
-2.7%
13.2%
Q2 24
-16.2%
15.7%
Q1 24
-8.1%
13.3%
Net Margin
BOC
BOC
ELMD
ELMD
Q4 25
-23.1%
14.6%
Q3 25
-9.0%
12.6%
Q2 25
-8.2%
12.7%
Q1 25
-2.4%
12.1%
Q4 24
19.1%
12.1%
Q3 24
-5.8%
10.0%
Q2 24
-8.3%
12.3%
Q1 24
-11.0%
10.8%
EPS (diluted)
BOC
BOC
ELMD
ELMD
Q4 25
$-0.23
$0.32
Q3 25
$-0.08
$0.25
Q2 25
$-0.07
$0.26
Q1 25
$-0.02
$0.21
Q4 24
$0.17
$0.22
Q3 24
$-0.05
$0.16
Q2 24
$-0.07
$0.20
Q1 24
$-0.09
$0.17

Balance Sheet & Financial Strength

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

Metric
BOC
BOC
ELMD
ELMD
Cash + ST InvestmentsLiquidity on hand
$56.8M
$13.8M
Total DebtLower is stronger
$25.7M
Stockholders' EquityBook value
$516.1M
$45.4M
Total Assets
$713.1M
$54.9M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOC
BOC
ELMD
ELMD
Q4 25
$56.8M
$13.8M
Q3 25
$67.6M
$14.1M
Q2 25
$68.6M
$15.3M
Q1 25
$69.2M
$15.2M
Q4 24
$73.2M
$16.2M
Q3 24
$58.6M
$13.9M
Q2 24
$53.1M
$16.1M
Q1 24
$53.4M
$11.7M
Total Debt
BOC
BOC
ELMD
ELMD
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
Q1 24
$27.1M
Stockholders' Equity
BOC
BOC
ELMD
ELMD
Q4 25
$516.1M
$45.4M
Q3 25
$528.4M
$44.7M
Q2 25
$531.0M
$43.2M
Q1 25
$533.3M
$43.9M
Q4 24
$532.8M
$43.6M
Q3 24
$527.7M
$41.5M
Q2 24
$530.5M
$44.5M
Q1 24
$536.2M
$42.5M
Total Assets
BOC
BOC
ELMD
ELMD
Q4 25
$713.1M
$54.9M
Q3 25
$721.4M
$53.6M
Q2 25
$730.6M
$53.8M
Q1 25
$730.8M
$52.5M
Q4 24
$728.3M
$52.3M
Q3 24
$711.9M
$48.9M
Q2 24
$723.1M
$52.2M
Q1 24
$757.3M
$48.9M
Debt / Equity
BOC
BOC
ELMD
ELMD
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×
Q1 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
ELMD
ELMD
Operating Cash FlowLast quarter
$17.9M
$3.0M
Free Cash FlowOCF − Capex
$-10.0M
$2.4M
FCF MarginFCF / Revenue
-33.8%
12.7%
Capex IntensityCapex / Revenue
93.9%
3.4%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$-17.6M
$7.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOC
BOC
ELMD
ELMD
Q4 25
$17.9M
$3.0M
Q3 25
$4.9M
$169.0K
Q2 25
$4.6M
$3.9M
Q1 25
$2.6M
$2.1M
Q4 24
$21.2M
$3.2M
Q3 24
$5.2M
$2.3M
Q2 24
$4.5M
$4.5M
Q1 24
$2.4M
$1.4M
Free Cash Flow
BOC
BOC
ELMD
ELMD
Q4 25
$-10.0M
$2.4M
Q3 25
$-489.4K
$-83.0K
Q2 25
$-2.7M
$3.7M
Q1 25
$-4.3M
$1.9M
Q4 24
$-11.0M
$2.9M
Q3 24
$-1.2M
$2.3M
Q2 24
$-4.3M
$4.5M
Q1 24
$-6.0M
$1.3M
FCF Margin
BOC
BOC
ELMD
ELMD
Q4 25
-33.8%
12.7%
Q3 25
-1.7%
-0.5%
Q2 25
-9.7%
21.4%
Q1 25
-15.5%
12.2%
Q4 24
-39.2%
18.0%
Q3 24
-4.4%
15.5%
Q2 24
-15.9%
30.1%
Q1 24
-23.6%
9.1%
Capex Intensity
BOC
BOC
ELMD
ELMD
Q4 25
93.9%
3.4%
Q3 25
18.9%
1.5%
Q2 25
25.9%
0.8%
Q1 25
24.7%
1.0%
Q4 24
115.3%
1.4%
Q3 24
23.2%
0.3%
Q2 24
32.6%
0.1%
Q1 24
33.1%
0.6%
Cash Conversion
BOC
BOC
ELMD
ELMD
Q4 25
1.10×
Q3 25
0.08×
Q2 25
1.75×
Q1 25
1.10×
Q4 24
3.97×
1.60×
Q3 24
1.57×
Q2 24
2.46×
Q1 24
0.90×

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%

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

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