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

SOUTHERN FIRST BANCSHARES INC is the larger business by last-quarter revenue ($31.8M vs $29.7M, roughly 1.1× BOSTON OMAHA Corp). On growth, SOUTHERN FIRST BANCSHARES INC posted the faster year-over-year revenue change (26.1% vs 6.4%). SOUTHERN FIRST BANCSHARES INC produced more free cash flow last quarter ($29.9M vs $-10.0M). Over the past eight quarters, SOUTHERN FIRST BANCSHARES INC's revenue compounded faster (22.2% 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.

First Community Bankshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia, in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023, First Community had $3.6 billion in assets.

BOC vs SFST — Head-to-Head

Bigger by revenue
SFST
SFST
1.1× larger
SFST
$31.8M
$29.7M
BOC
Growing faster (revenue YoY)
SFST
SFST
+19.8% gap
SFST
26.1%
6.4%
BOC
More free cash flow
SFST
SFST
$39.9M more FCF
SFST
$29.9M
$-10.0M
BOC
Faster 2-yr revenue CAGR
SFST
SFST
Annualised
SFST
22.2%
7.8%
BOC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOC
BOC
SFST
SFST
Revenue
$29.7M
$31.8M
Net Profit
$-6.9M
Gross Margin
64.0%
Operating Margin
-4.2%
40.1%
Net Margin
-23.1%
Revenue YoY
6.4%
26.1%
Net Profit YoY
-228.1%
EPS (diluted)
$-0.23
$1.19

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
SFST
SFST
Q4 25
$29.7M
$31.8M
Q3 25
$28.7M
$31.1M
Q2 25
$28.2M
$28.6M
Q1 25
$27.7M
$26.5M
Q4 24
$27.9M
$25.2M
Q3 24
$27.7M
$23.8M
Q2 24
$27.1M
$23.1M
Q1 24
$25.6M
$21.3M
Net Profit
BOC
BOC
SFST
SFST
Q4 25
$-6.9M
Q3 25
$-2.6M
$8.7M
Q2 25
$-2.3M
$6.6M
Q1 25
$-669.3K
$5.3M
Q4 24
$5.3M
Q3 24
$-1.6M
$4.4M
Q2 24
$-2.2M
$3.0M
Q1 24
$-2.8M
$2.5M
Gross Margin
BOC
BOC
SFST
SFST
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%
Q1 24
67.9%
Operating Margin
BOC
BOC
SFST
SFST
Q4 25
-4.2%
40.1%
Q3 25
-3.7%
36.4%
Q2 25
-2.9%
30.0%
Q1 25
-2.9%
26.1%
Q4 24
-4.6%
27.3%
Q3 24
-2.7%
24.1%
Q2 24
-16.2%
17.0%
Q1 24
-8.1%
15.9%
Net Margin
BOC
BOC
SFST
SFST
Q4 25
-23.1%
Q3 25
-9.0%
27.8%
Q2 25
-8.2%
23.0%
Q1 25
-2.4%
19.9%
Q4 24
19.1%
Q3 24
-5.8%
18.4%
Q2 24
-8.3%
13.0%
Q1 24
-11.0%
11.8%
EPS (diluted)
BOC
BOC
SFST
SFST
Q4 25
$-0.23
$1.19
Q3 25
$-0.08
$1.07
Q2 25
$-0.07
$0.81
Q1 25
$-0.02
$0.65
Q4 24
$0.17
$0.69
Q3 24
$-0.05
$0.54
Q2 24
$-0.07
$0.37
Q1 24
$-0.09
$0.31

Balance Sheet & Financial Strength

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

Metric
BOC
BOC
SFST
SFST
Cash + ST InvestmentsLiquidity on hand
$56.8M
Total DebtLower is stronger
$25.7M
Stockholders' EquityBook value
$516.1M
$368.7M
Total Assets
$713.1M
$4.4B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOC
BOC
SFST
SFST
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
Q1 24
$53.4M
Total Debt
BOC
BOC
SFST
SFST
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
SFST
SFST
Q4 25
$516.1M
$368.7M
Q3 25
$528.4M
$356.3M
Q2 25
$531.0M
$345.5M
Q1 25
$533.3M
$337.6M
Q4 24
$532.8M
$330.4M
Q3 24
$527.7M
$326.5M
Q2 24
$530.5M
$318.7M
Q1 24
$536.2M
$315.3M
Total Assets
BOC
BOC
SFST
SFST
Q4 25
$713.1M
$4.4B
Q3 25
$721.4M
$4.4B
Q2 25
$730.6M
$4.3B
Q1 25
$730.8M
$4.3B
Q4 24
$728.3M
$4.1B
Q3 24
$711.9M
$4.2B
Q2 24
$723.1M
$4.1B
Q1 24
$757.3M
$4.1B
Debt / Equity
BOC
BOC
SFST
SFST
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
SFST
SFST
Operating Cash FlowLast quarter
$17.9M
$30.5M
Free Cash FlowOCF − Capex
$-10.0M
$29.9M
FCF MarginFCF / Revenue
-33.8%
93.8%
Capex IntensityCapex / Revenue
93.9%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.6M
$62.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOC
BOC
SFST
SFST
Q4 25
$17.9M
$30.5M
Q3 25
$4.9M
$14.5M
Q2 25
$4.6M
$10.5M
Q1 25
$2.6M
$7.6M
Q4 24
$21.2M
$25.6M
Q3 24
$5.2M
$26.3M
Q2 24
$4.5M
$4.0M
Q1 24
$2.4M
$-2.9M
Free Cash Flow
BOC
BOC
SFST
SFST
Q4 25
$-10.0M
$29.9M
Q3 25
$-489.4K
$14.4M
Q2 25
$-2.7M
$10.4M
Q1 25
$-4.3M
$7.4M
Q4 24
$-11.0M
$24.8M
Q3 24
$-1.2M
$26.1M
Q2 24
$-4.3M
$3.9M
Q1 24
$-6.0M
$-3.2M
FCF Margin
BOC
BOC
SFST
SFST
Q4 25
-33.8%
93.8%
Q3 25
-1.7%
46.3%
Q2 25
-9.7%
36.3%
Q1 25
-15.5%
28.1%
Q4 24
-39.2%
98.2%
Q3 24
-4.4%
110.0%
Q2 24
-15.9%
16.8%
Q1 24
-23.6%
-15.0%
Capex Intensity
BOC
BOC
SFST
SFST
Q4 25
93.9%
1.8%
Q3 25
18.9%
0.3%
Q2 25
25.9%
0.3%
Q1 25
24.7%
0.5%
Q4 24
115.3%
3.1%
Q3 24
23.2%
0.8%
Q2 24
32.6%
0.4%
Q1 24
33.1%
1.3%
Cash Conversion
BOC
BOC
SFST
SFST
Q4 25
Q3 25
1.67×
Q2 25
1.59×
Q1 25
1.44×
Q4 24
3.97×
Q3 24
6.01×
Q2 24
1.32×
Q1 24
-1.16×

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%

SFST
SFST

Segment breakdown not available.

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