OUTFRONT Media Inc. is one of the largest and most trusted out-of-home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most. As OUTFRONT evolves, it defines a new era of in-real-life (IRL) marketing, turning public spaces into platforms for creativity, connection, and cultural relevance. With a nationwide footprint across billboards, digital displays, transit systems, and other out-of-home formats, OUTFRONT turns creative into powerful real-world experiences. Its in-house agency, OUTFRONT STUDIOS, and award-winning innovation team, XLabs, deliver standout storytelling, supported by advanced technology and data tools that can drive measurable impact. OUTFRONT Media Inc. was incorporated in 2013.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $453M | $147M | $199M | 20.7% | 0.0% | -43.1% |
| 2024 | $1.8B | $577M | $258M | $209M | 39.8% | 0.6% | -160.7% |
| 2023 | $1.8B | $-101M | $-425M | $167M | -73.7% | 2.7% | -398.0% |
| 2022 | $1.8B | $433M | $143M | $158M | 11.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,772.10 | 1,820.60 | 1,830.90 | 1,831.70 |
| Cost Of Revenue | - | 916.60 | 963.10 | 949 | 918.50 |
| Gross Profit | - | 855.50 | 857.50 | 881.90 | 913.20 |
| Operating Expense | - | 572.80 | 590.20 | 599.40 | 601.90 |
| Operating Income | - | 282.70 | 267.30 | 282.50 | 311.30 |
| EBITDA | - | 433 | -100.50 | 576.80 | 453.10 |
| EBIT | - | 282.30 | -261 | 425.30 | 292.90 |
| Pretax Income | - | 150.50 | -419.40 | 269.10 | 146.50 |
| Tax Provision | - | 9.40 | 4 | 11 | 2 |
| Net Income | - | 142.70 | -425.20 | 258.20 | 147 |
| Net Income Common Stockholders | - | 130.60 | -434 | 249.40 | 139.10 |
| Total Expenses | - | 1,489.40 | 1,553.30 | 1,548.40 | 1,520.40 |
| Interest Expense | - | 131.80 | 158.40 | 156.20 | 146.40 |
| Selling General And Administration | - | 422.10 | 429.70 | 447.90 | 441.70 |
| Normalized EBITDA | - | 433.20 | 428.10 | 435 | 471.50 |
| Normalized Income | - | 142.89 | -7.61 | 122.21 | 165.14 |
| Market Cap | 5,285.07 | 5,285.07 | 5,285.07 | 5,285.07 | 5,285.07 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| OUTFRONT Media Inc.this co. | OUT | $5.3B | 35.95β premium | 7.44 | 20.7% | 20.56 |
| Terreno Realty Corporation | TRNO | $6.7B | 17.21 | 1.67 | 9.7% | 14.09 |
| Ryman Hospitality Properties, Inc. | RHP | $6.3B | 26.50 | 8.60 | 32.5% | 13.07 |
| Essential Properties Realty Trust, Inc. | EPRT | $6.2B | 26.85 | 1.62 | 6.0% | 17.94 |
| Phillips Edison & Company, Inc. | PECO |
| - |
| - |
| - |
| - |
| - |
| $4.9B |
| 44.66 |
| 2.17 |
| 4.9% |
| 14.93 |
| Millrose Properties, Inc. | MRP | $4.8B | 13.43 | 0.87 | 6.5% | 14.59 |
| Tanger Inc. | SKT | $4.2B | 36.59 | 5.94 | 16.2% | 17.45 |
| The St. Joe Company | JOE | $4.1B | 35.34 | 5.33 | 15.1% | 19.43 |
| Broadstone Net Lease, Inc. | BNL | $3.8B | 39.75 | 1.32 | 3.3% | 17.58 |
| Peer Median | - | 31.10 | 1.92 | 8.1% | 16.19 | |