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NYSE · Real Estate

OUTFRONT Media Inc. (OUT)

As-reported financials and SEC filings for OUTFRONT Media Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About OUTFRONT Media Inc.

OUTFRONT Media Inc. is a real estate investment trust that provides advertising space on out-of-home structures such as billboards and transit displays across approximately 120 U.S. markets. The company serves advertisers by offering locations primarily on highways and in major cities, including New York City, Los Angeles, and San Francisco. It also develops digital advertising capabilities and offers services like campaign research, creative support, and analytics to enhance advertising effectiveness.

Snapshot

Revenue
$1.83B
Revenue growth (YoY)
0.0%
Net income
$147.0M
Diluted EPS
$0.82
Gross margin
Operating margin
16.0%
Net margin
8.0%
FCF margin
11.9%
ROE
20.6%
net income / fiscal-year-end equity
P/E
21.3×
trailing when available, otherwise FY EPS
Market cap
$5.21B
Long-term debt / equity
3.63×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at OUTFRONT Media

  • Revenue grew 0.0% to $1.8B in FY2025, in line with the 0.6% the year before.
  • Operating margin is 16.0% in FY2025, +4.5 pp against 11.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $523M, up 13.5% from Q2 FY2025.
  • Free cash flow was $219M in FY2025, 11.9% of revenue.
  • Net income fell 43.1% to $147M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where OUTFRONT Media’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin16.0%
31st percentile of 81
Net margin8.0%
46th percentile of 156
FCF margin11.9%
42nd percentile of 27
Revenue growth (YoY)+0.0%
33rd percentile of 161
ROE20.6%
94th percentile of 142
P/E21.3×
29th percentile of 109
Long-term debt / equity3.63×
90th percentile of 100
Short interest3.61d
34th percentile of 152

OUTFRONT Media’s return on equity of 20.6% ranks in the 94th percentile of the 142 REITs reporting it. OUTFRONT Media’s long-term debt to equity of 3.63 ranks in the 90th percentile of the 100 REITs reporting it.

1 reported insider purchase (code P) totaling $127,245 in the last 90 days, against 9 sales totaling $1.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$125.8M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$86.2M2.6MAdded
First Eagle Investment ManagementQ2 2026$14.0M428.0KReduced
Millennium ManagementquantQ2 2026$9.4M286.8KAdded
D. E. ShawquantQ2 2026$6.3M192.1KReduced
AQR Capital ManagementquantQ2 2026$3.9M118.2KAdded
Renaissance TechnologiesquantQ2 2026$2.7M83.5KReduced
Polen Capital ManagementQ2 2026$2.0M60.4KAdded
Gotham Asset ManagementQ2 2026$738,27922.5KAdded
Two Sigma InvestmentsquantQ2 2026$548,46816.7KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$127K
code P value
Sells (90d)
9
$1.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-19
filed 2026-08-20
MARTIN PATRICKSVP, Controller, CAOSell10.0K$30.10$301K
2026-06-24
filed 2026-06-25
Sauer Richard H.EVP, General CounselSell5.0K$32.08$160K
2026-06-23
filed 2026-06-25
Sauer Richard H.EVP, General CounselSell3.7K$31.36$117K
2026-06-23
filed 2026-06-25
Sauer Richard H.EVP, General CounselSell1.3K$32.08$41K
2026-06-22
filed 2026-06-23
Sauer Richard H.EVP, General CounselSell5.0K$31.13$156K
2026-06-18
filed 2026-06-23
Sauer Richard H.EVP, General CounselSell5.0K$31.05$155K
2026-06-17
Sauer Richard H.EVP, General CounselSell5.0K$31.36$157K
2026-06-16
filed 2026-06-17
Sauer Richard H.EVP, General CounselSell5.0K$31.08$155K
2026-06-15
filed 2026-06-17
Sauer Richard H.EVP, General CounselSell5.0K$31.35$157K
2026-06-11
Norton James MichaelEVP, CRO, EnterpriseBuy4.1K$30.81$127K
2026-05-22
filed 2026-05-26
Mathes PeterDirectorSell10.0K$33.54$335K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
8.5M
settled 2026-08-14
Change vs prior
+30.0%
vs previous settlement
Days to cover
3.61
at avg daily volume
Avg daily volume
2.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-148.5M+30.0%3.61
2026-07-316.5M+2.8%4.60
2026-07-156.3M-13.3%4.83
2026-06-307.3M+53.9%2.75
2026-06-154.8M+3.5%2.66
2026-05-294.6M-6.9%2.70
2026-05-154.9M-27.0%2.45
2026-04-306.8M+32.2%7.06

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.83B$1.83B$1.82B$1.77B$1.46B
Gross profit
Operating income$293.5M$425.5M$-253.2M$282.5M$168.3M
Net income$147.0M$258.2M$-425.2M$142.7M$35.6M
Diluted EPS$0.82$1.51$-2.70$0.83$0.05

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$99.9M$46.9M$36.0M$40.4M$424.8M
Current assets$503.7M$385.8M$397.6M$390.4M$777.3M
Total assets$5.31B$5.22B$5.58B$5.99B$5.92B
Current liabilities$545.3M$520.8M$593.0M$551.6M$507.7M
Long-term debt$2.58B$2.48B$2.68B$2.63B$2.62B
Total liabilities$4.58B$4.43B$4.85B$4.64B$4.53B
Total equity$711.9M$650.6M$579.0M$1.20B$985.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$307.6M$299.2M$254.2M$254.1M$98.8M
Capital expenditure$88.8M$78.1M$86.8M$89.8M$73.8M
Free cash flow$218.8M$221.1M$167.4M$164.3M$25.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$522.5M13.5%$77.5M$0.44
Q1 FY2026$429.6M10.0%$19.1M$0.11
Q4 FY2025$513.3M4.1%$96.8M$0.56
Q3 FY2025$467.5M3.5%$51.3M$0.29
Q2 FY2025$460.2M-3.6%$19.5M$0.10
Q1 FY2025$390.7M-4.4%$-20.6M$-0.14
Q4 FY2024$493.2M-1.6%$74.0M$0.43
Q3 FY2024$451.9M-0.6%$34.6M$0.20

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1579877

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest reit peers

All reit stocksAll Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.