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Side-by-side financial comparison of BOSTON OMAHA Corp (BOC) and SOUTH PLAINS FINANCIAL, INC. (SPFI). Click either name above to swap in a different company.

SOUTH PLAINS FINANCIAL, INC. is the larger business by last-quarter revenue ($54.1M vs $29.7M, roughly 1.8× BOSTON OMAHA Corp). SOUTH PLAINS FINANCIAL, INC. runs the higher net margin — 26.9% vs -23.1%, a 49.9% gap on every dollar of revenue. Over the past eight quarters, BOSTON OMAHA Corp's revenue compounded faster (7.8% CAGR vs 5.6%).

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.

Ally Financial Inc. is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.

BOC vs SPFI — Head-to-Head

Bigger by revenue
SPFI
SPFI
1.8× larger
SPFI
$54.1M
$29.7M
BOC
Higher net margin
SPFI
SPFI
49.9% more per $
SPFI
26.9%
-23.1%
BOC
Faster 2-yr revenue CAGR
BOC
BOC
Annualised
BOC
7.8%
5.6%
SPFI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BOC
BOC
SPFI
SPFI
Revenue
$29.7M
$54.1M
Net Profit
$-6.9M
$14.5M
Gross Margin
64.0%
Operating Margin
-4.2%
Net Margin
-23.1%
26.9%
Revenue YoY
6.4%
Net Profit YoY
-228.1%
18.3%
EPS (diluted)
$-0.23

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
SPFI
SPFI
Q1 26
$54.1M
Q4 25
$29.7M
$53.9M
Q3 25
$28.7M
$54.2M
Q2 25
$28.2M
$54.7M
Q1 25
$27.7M
$49.2M
Q4 24
$27.9M
$51.9M
Q3 24
$27.7M
$47.9M
Q2 24
$27.1M
$48.6M
Net Profit
BOC
BOC
SPFI
SPFI
Q1 26
$14.5M
Q4 25
$-6.9M
Q3 25
$-2.6M
$16.3M
Q2 25
$-2.3M
$14.6M
Q1 25
$-669.3K
$12.3M
Q4 24
$5.3M
Q3 24
$-1.6M
$11.2M
Q2 24
$-2.2M
$11.1M
Gross Margin
BOC
BOC
SPFI
SPFI
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
SPFI
SPFI
Q1 26
Q4 25
-4.2%
35.4%
Q3 25
-3.7%
38.1%
Q2 25
-2.9%
34.1%
Q1 25
-2.9%
31.9%
Q4 24
-4.6%
39.9%
Q3 24
-2.7%
29.8%
Q2 24
-16.2%
29.3%
Net Margin
BOC
BOC
SPFI
SPFI
Q1 26
26.9%
Q4 25
-23.1%
Q3 25
-9.0%
30.1%
Q2 25
-8.2%
26.7%
Q1 25
-2.4%
25.0%
Q4 24
19.1%
Q3 24
-5.8%
23.4%
Q2 24
-8.3%
22.9%
EPS (diluted)
BOC
BOC
SPFI
SPFI
Q1 26
Q4 25
$-0.23
$0.90
Q3 25
$-0.08
$0.96
Q2 25
$-0.07
$0.86
Q1 25
$-0.02
$0.72
Q4 24
$0.17
$0.96
Q3 24
$-0.05
$0.66
Q2 24
$-0.07
$0.66

Balance Sheet & Financial Strength

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

Metric
BOC
BOC
SPFI
SPFI
Cash + ST InvestmentsLiquidity on hand
$56.8M
$722.0M
Total DebtLower is stronger
$25.7M
$3.0K
Stockholders' EquityBook value
$516.1M
$504.9M
Total Assets
$713.1M
$4.6B
Debt / EquityLower = less leverage
0.05×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOC
BOC
SPFI
SPFI
Q1 26
$722.0M
Q4 25
$56.8M
$552.4M
Q3 25
$67.6M
$635.0M
Q2 25
$68.6M
$470.5M
Q1 25
$69.2M
$536.3M
Q4 24
$73.2M
$359.1M
Q3 24
$58.6M
$471.2M
Q2 24
$53.1M
$298.0M
Total Debt
BOC
BOC
SPFI
SPFI
Q1 26
$3.0K
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
SPFI
SPFI
Q1 26
$504.9M
Q4 25
$516.1M
$493.8M
Q3 25
$528.4M
$477.8M
Q2 25
$531.0M
$454.1M
Q1 25
$533.3M
$443.7M
Q4 24
$532.8M
$438.9M
Q3 24
$527.7M
$443.1M
Q2 24
$530.5M
$418.0M
Total Assets
BOC
BOC
SPFI
SPFI
Q1 26
$4.6B
Q4 25
$713.1M
$4.5B
Q3 25
$721.4M
$4.5B
Q2 25
$730.6M
$4.4B
Q1 25
$730.8M
$4.4B
Q4 24
$728.3M
$4.2B
Q3 24
$711.9M
$4.3B
Q2 24
$723.1M
$4.2B
Debt / Equity
BOC
BOC
SPFI
SPFI
Q1 26
0.00×
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
SPFI
SPFI
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
SPFI
SPFI
Q1 26
Q4 25
$17.9M
$77.5M
Q3 25
$4.9M
$24.2M
Q2 25
$4.6M
$14.7M
Q1 25
$2.6M
$26.1M
Q4 24
$21.2M
$59.4M
Q3 24
$5.2M
$17.9M
Q2 24
$4.5M
$18.2M
Free Cash Flow
BOC
BOC
SPFI
SPFI
Q1 26
Q4 25
$-10.0M
$71.8M
Q3 25
$-489.4K
$22.5M
Q2 25
$-2.7M
$13.0M
Q1 25
$-4.3M
$25.0M
Q4 24
$-11.0M
$56.0M
Q3 24
$-1.2M
$17.1M
Q2 24
$-4.3M
$17.1M
FCF Margin
BOC
BOC
SPFI
SPFI
Q1 26
Q4 25
-33.8%
133.3%
Q3 25
-1.7%
41.5%
Q2 25
-9.7%
23.8%
Q1 25
-15.5%
50.8%
Q4 24
-39.2%
108.0%
Q3 24
-4.4%
35.7%
Q2 24
-15.9%
35.2%
Capex Intensity
BOC
BOC
SPFI
SPFI
Q1 26
Q4 25
93.9%
10.5%
Q3 25
18.9%
3.2%
Q2 25
25.9%
3.2%
Q1 25
24.7%
2.3%
Q4 24
115.3%
6.5%
Q3 24
23.2%
1.6%
Q2 24
32.6%
2.2%
Cash Conversion
BOC
BOC
SPFI
SPFI
Q1 26
Q4 25
Q3 25
1.48×
Q2 25
1.01×
Q1 25
2.12×
Q4 24
3.97×
Q3 24
1.59×
Q2 24
1.63×

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%

SPFI
SPFI

Net Interest Income$42.9M79%
Noninterest Income$11.3M21%

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