OUT
Outfront Media Inc.
OUT's fundamentals are strong: its operating margin rose 6 points to 21% and earnings per share more than doubled. At 22x earnings, it's trading in line with its usual 23x. Analysts expect earnings growth.
OUT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
OUT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like OUT.
OUT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $18.61 | -44% |
| Current | 22x | $33.19 | — |
| Forward | 22x | $33.19 | — |
| Fair | 23x | $33.86 | +2% |
| Expensive | 36x | $53.47 | +61% |
Historical ranges are pointers, not guarantees.
OUT's PE is in its fair range at 22.4x. On analysts' estimates for next year's earnings, today's price would be 22.4x.
OUT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect OUT's earnings to grow and its profitability to improve, with its revenue holding steady.
OUT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.48 | 0% |
| Q3 2026 | $1.48 | +118% |
| Q2 2026 | $1.41 | +143% |
| Q1 2026 | $1.07 | -30% |
| Q4 2025 | $0.82 | -45% |
| Q3 2025 | $0.68 | -52% |
| Q2 2025 | $0.58 | -56% |
| Q1 2025 | $1.52 | +$4.24 |
| Q4 2024 | $1.48 | +$4.21 |
OUT earned $1.48 per share over the past year, up 118% from the year before.
OUT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $511.1M | +9.3% |
| Q2 2026 | $522.5M | +14% |
| Q1 2026 | $429.6M | +10% |
| Q4 2025 | $513.3M | +4.1% |
| Q3 2025 | $467.5M | +3.5% |
| Q2 2025 | $460.2M | -3.6% |
| Q1 2025 | $390.7M | -4.4% |
| Q4 2024 | $493.2M | -1.6% |
OUT's revenue has grown year over year for five quarters in a row: $511M last quarter, up 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +0.9 points |
| Q2 2026 | 22% | +10 points |
| Q1 2026 | 13% | +9.4 points |
| Q4 2025 | 26% | +3.5 points |
| Q3 2025 | 19% | +3.5 points |
| Q2 2025 | 12% | -36 points |
| Q1 2025 | 3.6% | +0.1 points |
| Q4 2024 | 23% | +0.4 points |
OUT's operating margin was 20% last quarter, up 0.9 points from the same quarter a year ago.
OUT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $108.5M | +60% |
| Q2 2026 | $91.2M | +120% |
| Q1 2026 | $51.2M | +212% |
| Q4 2025 | $93.3M | -12% |
| Q3 2025 | $67.7M | +22% |
| Q2 2025 | $41.4M | -12% |
| Q1 2025 | $16.4M | +34% |
| Q4 2024 | $106.3M | +30% |
OUT's free cash flow was $344M over the past year, up 48% from the year before. Free cash flow isn't a meaningful measure for real estate companies like OUT.
OUT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +100K shares |
| 1 year | +0.7% | +1.3M shares |
| 3 years | +10% | +16.4M shares |
| 5 years | +24% | +34.7M shares |
| Available history | +27% | +37.8M shares |
OUT has 178M diluted shares, up 0.7% from a year ago.
OUT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.4x | High |
| Q2 2026 | 4.6x | High |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 5.5x | High |
| Q3 2025 | 5.8x | High |
| Q2 2025 | 6.1x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.2x | High |
OUT's net debt is about 4.4 years of its operating earnings (EBITDA), down from 5.8 years a year ago. Net leverage isn't a meaningful measure for real estate companies like OUT.
OUT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.8 | Neutral |
| Stochastic | 72.4 | Neutral |
OUT's weekly RSI is 63 (neutral) and its Stochastic is 72 (neutral).
OUT PE vs Real Estate Sector
| Metric | OUT | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 6.2% below |
| PE % | 49 | 23 | 26 pts above |
OUT is trading at 22x earnings, in line with the Real Estate sector's median of 24x.
OUT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.5 | 9% above |
| 20 week MA | $30.7 | 8.3% above |
| 50 week MA | $29.0 | 14% above |
| 100 week MA | $23.4 | 42% above |
| 200 week MA | $19.2 | 73% above |
OUT is in an uptrend: it's above all five of its weekly moving averages, and 73% above its 200-week average.
OUT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.8 | $19.2 | -28% |
| 2021 | $19.2 | $25.9 | +35% |
| 2022 | $25.9 | $16.6 | -36% |
| 2023 | $16.6 | $14.0 | -16% |
| 2024 | $14.0 | $18.1 | +30% |
| 2025 | $18.1 | $24.1 | +33% |
| 2026 YTD | $24.1 | $33.2 | +38% |
OUT is up 38% so far in 2026, after finishing lower in three of the previous six years.