Lamar Advertising's Q2 2026 results demonstrate resilient revenue growth of 6.5% year-over-year to $616.7M, driven by digital billboard conversions and stable same-store performance.
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Revenue grew 6.5% to $616.7M in Q2 2026, but FFO per share growth of 5.5% lagged, and NOI margin swung from 67.8% to 100% due to non-cash adjustments.
Lamar Advertising has demonstrated robust financial performance, with notable increases in revenue and net income. In 2025, revenue was $2.27 billion, a 2.45% increase from the previous year, and earnings saw a significant jump of 62.32%. The company's net margin has improved to 25.9% from 16.3% a year earlier, challenging bearish views on profitability.
The company's focus on digital advertising is expected to drive future growth, capitalizing on the increasing demand for dynamic and high-impact ad solutions. Expansion of its digital billboard portfolio, with a projected addition of 325-350 new digital units in the current year, is a key driver for revenue growth and margin expansion through premium inventory and dynamic pricing.
Lamar operates as one of the largest outdoor advertising companies in North America, with an extensive network of over 360,000 displays. Its strong market positioning, regulatory barriers, and focus on acquisitions of digital and strategic assets are expected to drive future gains.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.59-3.6% vs $1.65 | $624M+0.4% vs $622M |
Q3 2026 Aug 6, 2026 | $1.58+0.0% vs $1.58 | $617M+1.7% vs $607M |
Q2 2026 May 7, 2026 | $1.00+21.4% vs $0.82 | $528M+1.0% vs $523M |
Q1 2026 Feb 20, 2026 | $1.51-4.4% vs $1.58 | $596M+0.6% vs $593M |
Lamar Advertising remains a "Buy," supported by resilient local demand, digital billboard conversions, and robust AFFO growth. Q3 saw AFFO rise 9.5% to $2.41, EBITDA up 9%, and margins expand to 49.1%, despite a headline EPS miss from a one-time asset sale. LAMR offers a secure 4.3% dividend yield, with additional special dividends and prudent capital allocation, maintaining leverage below 3x.
Lamar Advertising NASDAQ: LAMR raised its full-year funds from operations outlook after third-quarter growth in national advertising, political spending and digital billboards carried into a record October.
Lamar Advertising Company (LAMR) Q3 2026 Earnings Call Transcript
Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.41 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to FFO of $2.2 per share a year ago.
Benchmark LAMR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Lamar Advertising Company (LAMR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $155.99 | $15.83B | 27.52 | 2.68% | 24.36% | 56.94% | 4.14% | |
| $30.79 | $5.42B | 21.18 | 0.04% | 13.06% | 35.93% | 4.04% | |
| $86.37 | $23.7B | 33.69 | 10.09% | 2.85% | 6.42% | 3.11% | |
| $27.26 | $5.88B | -20.41 | -8.08% | — | — | 7.81% | |
| $27.39 | $3.92B | 22.84 | 6.85% | 23.58% | 19.35% | — | |
| $12.93 | $6.08B | 14.93 | 18.47% | 13.61% | 16.09% | — |
Lamar Advertising Company (LAMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Lamar Advertising Company (LAMR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
May 19, 2026·SEC
May 14, 2026·SEC
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Lamar Advertising Company (LAMR) stock FAQ — growth, dividends, profitability & financials explained
Lamar Advertising Company (LAMR) reported $2.37B in revenue over the trailing twelve months. Revenue was $2.27B in fiscal year 2025. That is 8171% more than the $27.4M of fiscal year 1996.
Lamar Advertising Company (LAMR) grew revenue by 5.1% over the trailing twelve months, compared with the twelve months before.
Yes. Lamar Advertising Company (LAMR) earned $576.2M in net income over the trailing twelve months (a 24.4% net margin).
Yes. Lamar Advertising Company (LAMR) pays a dividend that yields 4.14% at the current price, a high yield.
Lamar Advertising Company (LAMR) had a return on equity (ROE) of 56.9% over the trailing twelve months. That is well above the market's typical 10-15%.
Lamar Advertising Company (LAMR) generated Funds From Operations (FFO) of $927.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Lamar Advertising Company (LAMR) offers a 4.14% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
