Lamar Advertising Company(LAMR)Earnings, Financials & Key Ratios

LAMR•NASDAQ•REIT / Real Estate

$141.15

$14.33B mkt cap·24.5× P/E·Price updated May 6, 2026

SectorReal Estate IndustrySpecialty REITs Sub-IndustryAdvertising and Media Real Estate

AboutFounded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.Show more

Revenue$2.27B+2.7%
FFO$913M+10.7%
FFO/Share8.99+11.8%
FFO Payout71.84%+2.4%
FFO per Share8.99+11.8%
NOI Margin38.24%-42.9%
FFO Margin40.31%+7.9%
ROE56.65%+77.3%
ROA8.69%+57.8%
Debt/Assets89.22%+28.9%
Net Debt/EBITDA5.97+31.8%
Book Value/Share10.08-1.3%

Analysis→Technical→

LAMR Key Insights

Lamar Advertising Company (LAMR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 43.2%
✓Strong 5Y profit CAGR of 19.3%
✓FFO growing 10.7% TTM
✓Sustainable FFO payout ratio of 71.8%
✓Healthy dividend yield of 4.6%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 6.0x
✗Low NOI margin of 38.2%
✗Dividend payout exceeds 100% of earnings
✗Expensive at 14.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

LAMR Price & Volume

Lamar Advertising Company (LAMR) stock price & volume — 10-year historical chart

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LAMR Growth Metrics

Lamar Advertising Company (LAMR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.29%

5 Years7.63%

3 Years3.7%

TTM2.68%

Profit CAGR

10 Years8.38%

5 Years19.26%

3 Years10.21%

TTM62.26%

EPS CAGR

10 Years7.81%

5 Years19.08%

3 Years10.21%

TTM63.58%

Return on Capital

10 Years10.79%

5 Years10.47%

3 Years10.72%

Last Year11.39%

LAMR Recent Earnings

Lamar Advertising Company (LAMR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 20, 2026

EPS

$2.24

Est $1.58

+41.8%

Revenue

$596M

Est $593M

+0.6%

Q4 2025

Nov 6, 2025

EPS

$2.20

Est $2.14

+2.8%

Revenue

$586M

Est $592M

-1.1%

Q3 2025

Aug 8, 2025

EPS

$2.22

Est $2.15

+3.3%

Revenue

$579M

Est $584M

-0.8%

Q2 2025

May 8, 2025

EPS

$1.60

Est $1.54

+3.9%

Revenue

$505M

Est $575M

-12.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 20, 2026	$2.24vs $1.58+41.8%	$596Mvs $593M+0.6%
Q4 2025	Nov 6, 2025	$2.20vs $2.14+2.8%	$586Mvs $592M-1.1%
Q3 2025	Aug 8, 2025	$2.22vs $2.15+3.3%	$579Mvs $584M-0.8%
Q2 2025	May 8, 2025	$1.60vs $1.54+3.9%	$505Mvs $575M-12.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CCOClear Channel Outdoor Holdings, Inc.Direct Competitor	1.19B	2.38	-11.33	6.57%	-5.85%
OUTOutfront Media Inc.Direct Competitor	5.59B	31.75	36.49	0.04%	8.03%	20.98%	5.63
IPGThe Interpublic Group of Companies, Inc.Product Competitor	8.93B	24.57	13.43	-1.81%	5.4%	14.61%	1.09
OMCOmnicom Group Inc.Product Competitor	23.87B	76.92	-284.87	10.09%	0.32%	0.75%	0.98
WPPWPP plcProduct Competitor	4B	18.53	5.57	-0.7%	2.01%	17.15%	1.70
MGNIMagnite, Inc.Product Competitor	1.92B	13.39	14.09	6.85%	21.96%	18.57%	0.30
TTDThe Trade Desk, Inc.Product Competitor	11.42B	23.99	26.36	18.47%	15.31%	16.89%	0.18
GOOGLAlphabet Inc.Supply Chain	4.81T	397.82	36.80	15.13%	37.91%	38.98%	0.14

Compare LAMR vs Peers

Lamar Advertising Company (LAMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCO

Most directly comparable listed peer for LAMR.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare LAMR against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCO, OUT, IPG, OMC

LAMR Income Statement

Lamar Advertising Company (LAMR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	1.54B	1.63B	1.75B	1.57B	1.79B	2.03B	2.11B	2.21B	2.27B
Revenue Growth %	2.73%	5.58%	7.77%	-10.54%	13.93%	13.69%	3.88%	4.55%	2.68%
Property Operating Expenses	540.88M	561.85M	590.08M	557.66M	576.51M	667.29M	696.8M	727.88M	1.4B
Net Operating Income (NOI)	1B▲ 0%	1.07B▲ 6.5%	1.16B▲ 9.2%	1.01B▼ 13.1%	1.21B▲ 19.7%	1.36B▲ 12.7%	1.41B▲ 3.6%	1.48B▲ 4.6%	866.53M▼ 41.4%
NOI Margin %	64.91%	65.47%	66.35%	64.45%	67.75%	67.16%	66.99%	67.02%	38.24%
Operating Expenses	545.01M	604.82M	645.83M	601.09M	689.71M	786.85M	738.75M	947.19M	168.41M
G&A Expenses	338.57M	372.32M	403.04M	358.82M	326.95M	350.62M	344.78M	361.13M	354.02M
EBITDA	1.45B	1.63B	767.77M	661.4M	792.48M	927.45M	968.86M	995.01M	1.02B
EBITDA Margin %	94.37%	100.08%	43.78%	42.16%	44.34%	45.64%	45.9%	45.08%	45.21%
Depreciation & Amortization	999.06M	1.17B	250.03M	251.3M	271.29M	349.45M	293.42M	462.97M	326.33M
D&A / Revenue %	64.82%	71.77%	14.26%	16.02%	15.18%	17.2%	13.9%	20.98%	14.4%
Operating Income	455.37M▲ 0%	460.56M▲ 1.1%	517.74M▲ 12.4%	410.11M▼ 20.8%	521.19M▲ 27.1%	578M▲ 10.9%	675.43M▲ 16.9%	532.04M▼ 21.2%	698.12M▲ 31.2%
Operating Margin %	29.55%	28.3%	29.52%	26.14%	29.16%	28.44%	32%	24.11%	30.81%
Interest Expense	128.4M	129.73M	150.62M	137.62M	106.38M	127.51M	174.51M	171.71M	160.44M
Interest Coverage	3.55x	3.44x	3.44x	2.80x	4.74x	4.58x	3.90x	3.14x	4.83x
Non-Operating Income	65K	14.89M	-764K	24.44M	17.46M	-5.61M	-5.7M	-7.14M	-76.72M
Pretax Income	326.91M▲ 0%	315.93M▼ 3.4%	367.89M▲ 16.4%	248.05M▼ 32.6%	397.35M▲ 60.2%	456.1M▲ 14.8%	506.62M▲ 11.1%	367.47M▼ 27.5%	614.39M▲ 67.2%
Pretax Margin %	21.21%	19.42%	20.98%	15.81%	22.23%	22.44%	24%	16.65%	27.11%
Income Tax	9.23M	10.7M	-4.22M	4.66M	9.26M	17.45M	9.78M	4.53M	21.33M
Effective Tax Rate %	2.82%	3.39%	-1.15%	1.88%	2.33%	3.83%	1.93%	1.23%	3.47%
Net Income	317.68M▲ 0%	305.23M▼ 3.9%	372.11M▲ 21.9%	243.39M▼ 34.6%	388.09M▲ 59.5%	438.65M▲ 13.0%	495.76M▲ 13.0%	361.87M▼ 27.0%	587.15M▲ 62.3%
Net Margin %	20.61%	18.76%	21.22%	15.51%	21.71%	21.59%	23.48%	16.4%	25.91%
Net Income Growth %	6.31%	-3.92%	21.91%	-34.59%	59.45%	13.03%	13.02%	-27.01%	62.26%
Funds From Operations (FFO)	1.32B▲ 0%	1.47B▲ 11.9%	622.14M▼ 57.8%	494.68M▼ 20.5%	659.38M▲ 33.3%	788.1M▲ 19.5%	789.19M▲ 0.1%	824.83M▲ 4.5%	913.48M▲ 10.7%
FFO Margin %	85.43%	90.53%	35.48%	31.53%	36.89%	38.78%	37.38%	37.37%	40.31%
FFO Growth %	-4.72%	11.88%	-57.77%	-20.49%	33.29%	19.52%	0.14%	4.52%	10.75%
FFO per Share	13.39	14.87	6.20	4.90	6.51	7.75	7.73	8.04	8.99
FFO Payout Ratio %	18.55%	30.08%	61.91%	50.93%	61.39%	64.49%	64.66%	70.18%	71.84%
EPS (Diluted)	3.23▲ 0%	3.08▼ 4.6%	3.71▲ 20.5%	2.41▼ 35.0%	3.83▲ 58.9%	4.31▲ 12.5%	4.85▲ 12.5%	3.52▼ 27.4%	5.77▲ 63.9%
EPS Growth %	5.9%	-4.64%	20.45%	-35.04%	58.92%	12.53%	12.53%	-27.42%	63.92%
EPS (Basic)	3.24	3.09	3.71	2.41	3.83	4.32	4.86	3.54	5.78
Diluted Shares Outstanding	98.37M	99.09M	100.32M	100.9M	101.35M	101.63M	102.11M	102.56M	101.63M

LAMR Balance Sheet

Lamar Advertising Company (LAMR) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	4.21B	4.54B	5.94B	5.79B	6.05B	6.48B	6.56B	6.59B	6.93B
Asset Growth %	8.05%	7.84%	30.73%	-2.52%	4.42%	7.07%	1.37%	0.35%	5.24%
Real Estate & Other Assets	42.89M	51.09M	56.57M	60.56M	98.45M	83.4M	90.64M	99.23M	-4.71B
PP&E (Net)	1.21B	1.3B	2.67B	2.52B	2.58B	2.79B	2.89B	2.96B	6.28B
Investment Securities	0	0	0	0	0	0	0	0	1000K
Total Current Assets	420.52M	363.67M	310.17M	380.57M	388.61M	364.55M	373.19M	425.27M	459.72M
Cash & Equivalents	115.47M	21.49M	26.19M	121.57M	99.79M	52.62M	44.6M	49.46M	64.81M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	103.35M	106.6M	29.05M	18.15M	18.9M	26.89M	27.39M	41.01M	53.69M
Intangible Assets	796.35M	915.45M	992.24M	914.45M	1.05B	1.21B	1.17B	1.06B	1.11B
Total Liabilities	3.11B	3.41B	4.76B	4.59B	4.83B	5.28B	5.35B	5.54B	5.91B
Total Debt	2.56B	2.89B	4.25B	4.1B	4.23B	4.57B	4.64B	4.56B	6.18B
Net Debt	2.44B	2.87B	4.22B	3.97B	4.13B	4.52B	4.6B	4.51B	6.12B
Long-Term Debt	2.54B	2.68B	2.75B	2.76B	2.84B	3.06B	3.09B	2.96B	4.42B
Short-Term Borrowings	17.66M	204.12M	226.51M	122.43M	174.78M	249.78M	250.02M	249.81M	483.83M
Capital Lease Obligations	0	0	1.27B	1.21B	1.21B	1.26B	1.3B	1.35B	1.28B
Total Current Liabilities	325.99M	455.04M	672.81M	547.87M	662.97M	726.04M	713.9M	778.47M	483.83M
Accounts Payable	17.96M	21.25M	14.97M	12.02M	16.43M	19.64M	18.24M	21.59M	0
Deferred Revenue	92.69M	107.2M	127.25M	111.36M	137.1M	131.85M	126.55M	153.7M	155.07M
Other Liabilities	244.95M	252.52M	260.54M	259.48M	309.57M	429.53M	439.88M	663.3M	-433.4M
Total Equity	1.1B▲ 0%	1.13B▲ 2.6%	1.18B▲ 4.3%	1.2B▲ 1.9%	1.22B▲ 1.2%	1.2B▼ 1.8%	1.22B▲ 1.8%	1.05B▼ 13.9%	1.02B▼ 2.2%
Equity Growth %	3.18%	2.56%	4.29%	1.9%	1.19%	-1.78%	1.79%	-13.87%	-2.22%
Shareholders Equity	1.1B	1.13B	1.18B	1.2B	1.22B	1.2B	1.22B	1.05B	1.01B
Minority Interest	0	0	0	0	0	0	414K	849K	13.19M
Common Stock	98K	100K	101K	101K	102K	102K	102K	103K	103K
Additional Paid-in Capital	1.76B	1.85B	1.92B	1.96B	2B	2.06B	2.1B	2.16B	2.35B
Retained Earnings	-639.11M	-695.34M	-708.41M	-717.33M	-734.41M	-804.38M	-819.24M	-1.04B	-1.11B
Preferred Stock	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	7.83%	6.97%	7.1%	4.15%	6.56%	7.01%	7.6%	5.5%	8.69%
Return on Equity (ROE)	29.24%	27.31%	32.19%	20.43%	32.08%	36.37%	41.11%	31.96%	56.65%
Debt / Assets	60.67%	63.56%	71.45%	70.72%	69.88%	70.6%	70.74%	69.2%	89.22%
Debt / Equity	2.32x	2.55x	3.60x	3.41x	3.47x	3.82x	3.82x	4.35x	6.04x
Net Debt / EBITDA	1.68x	1.76x	5.50x	6.01x	5.21x	4.87x	4.75x	4.53x	5.97x
Book Value per Share	11.22	11.42	11.77	11.92	12.01	11.76	11.92	10.22	10.08

LAMR Cash Flow Statement

Lamar Advertising Company (LAMR) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	507.02M	564.85M	194.76M	569.87M	734.42M	781.61M	783.61M	873.61M	864.05M
Operating CF Growth %	-2.84%	11.41%	-65.52%	192.61%	28.87%	6.43%	0.26%	11.48%	-1.09%
Operating CF / Revenue %	32.9%	34.71%	11.11%	36.32%	41.09%	38.46%	37.12%	39.58%	38.13%
Net Income	317.68M	305.23M	372.11M	243.39M	388.09M	438.65M	495.76M	362.94M	587.15M
Depreciation & Amortization	211.1M	225.26M	250.03M	251.3M	271.29M	349.45M	300.63M	462.97M	332.61M
Stock-Based Compensation	9.6M	29.44M	29.65M	18.77M	37.37M	23.14M	22.65M	44.52M	33.96M
Other Non-Cash Items	7.29M	35.57M	-427.38M	34.85M	26.51M	-4.87M	6.47M	4.22M	-67.2M
Working Capital Changes	-39.46M	-32.2M	-15.52M	22.37M	9.58M	-27.97M	-41.9M	2.99M	-22.48M
Cash from Investing	-400.07M	584.15M	463.82M	-96.89M	-461.76M	-619.07M	-310.12M	-164.91M	-244.63M
Acquisitions (Net)	-297.31M	-477.39M	-226.28M	-45.58M	-312.26M	-479.77M	0	-45.39M	-191.08M
Purchase of Investments	0	0	-448K	0	-30M	0	0	0	0
Sale of Investments	515K	9K	448K	0	0	0	0	0	0
Other Investing	6.57M	1.18B	831.06M	10.97M	6.59M	27.77M	-131.85M	5.77M	74.48M
Cash from Financing	-28.64M	-73.56M	-264.36M	-377.92M	-294.52M	-209.32M	-481.63M	-703.42M	-604.32M
Dividends Paid	-244.2M	-443.09M	-385.18M	-252.31M	-405.17M	-508.61M	-510.62M	-579.21M	-656.22M
Common Dividends	-244.2M	-443.09M	-385.18M	-251.94M	-404.81M	-508.25M	-510.25M	-578.85M	-656.22M
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K
Share Repurchases	-9M	-4.11M	-8.88M	-10.49M	-6.07M	-10.51M	-5.99M	-5.34M	-157.92M
Other Financing	21.05M	166.84M	39.18M	-86.96M	43.08M	72.6M	-4.01M	-2.12M	-2.67M
Net Change in Cash	79.94M▲ 0%	-93.98M▼ 217.6%	4.69M▲ 105.0%	95.38M▲ 1932.0%	-21.78M▼ 122.8%	-47.17M▼ 116.6%	-8.01M▲ 83.0%	4.86M▲ 160.6%	15.35M▲ 216.1%
Exchange Rate Effect	1.63M	-1.11M	220K	313K	81K	-391K	127K	-423K	252K
Cash at Beginning	35.53M	115.47M	21.49M	26.19M	121.57M	99.79M	52.62M	44.6M	49.46M
Cash at End	115.47M	21.49M	26.19M	121.57M	99.79M	52.62M	44.6M	49.46M	64.81M
Free Cash Flow	397.69M▲ 0%	447.21M▲ 12.5%	53.8M▼ 88.0%	507.6M▲ 843.5%	608.33M▲ 19.8%	614.53M▲ 1.0%	605.34M▼ 1.5%	748.33M▲ 23.6%	736.01M▼ 1.6%
FCF Growth %	-3.99%	12.45%	-87.97%	843.48%	19.84%	1.02%	-1.5%	23.62%	-1.65%
FCF / Revenue %	25.8%	27.48%	3.07%	32.35%	34.03%	30.24%	28.68%	33.91%	32.48%

LAMR Key Ratios

Lamar Advertising Company (LAMR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	14.15	13.39	14.87	6.2	4.9	6.51	7.75	7.73	8.04	8.99
FFO Payout Ratio	21.27%	18.55%	30.08%	61.91%	50.93%	61.39%	64.49%	64.66%	70.18%	71.84%
NOI Margin	64.97%	64.91%	65.47%	66.35%	64.45%	67.75%	67.16%	66.99%	67.02%	38.24%
Net Debt / EBITDA	1.52x	1.68x	1.76x	5.50x	6.01x	5.21x	4.87x	4.75x	4.53x	5.97x
Debt / Assets	60.23%	60.67%	63.56%	71.45%	70.72%	69.88%	70.6%	70.74%	69.2%	89.22%
Interest Coverage	3.52x	3.55x	3.44x	3.44x	2.80x	4.74x	4.58x	3.90x	3.14x	4.83x
Book Value / Share	10.95	11.22	11.42	11.77	11.92	12.01	11.76	11.92	10.22	10.08
Revenue Growth	10.85%	2.73%	5.58%	7.77%	-10.54%	13.93%	13.69%	3.88%	4.55%	2.68%

LAMR SEC Filings & Documents

Lamar Advertising Company (LAMR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 26, 2026·SEC

Material company update

Feb 20, 2026·SEC

Material company update

Dec 11, 2025·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 8, 2025·SEC

LAMR Frequently Asked Questions

Lamar Advertising Company (LAMR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Lamar Advertising Company (LAMR) reported $2.27B in revenue for fiscal year 2025. This represents a 8171% increase from $27.4M in 1996.

Lamar Advertising Company (LAMR) grew revenue by 2.7% over the past year. Growth has been modest.

Yes, Lamar Advertising Company (LAMR) is profitable, generating $587.2M in net income for fiscal year 2025 (25.9% net margin).

Dividend & Returns

Yes, Lamar Advertising Company (LAMR) pays a dividend with a yield of 4.57%. This makes it attractive for income-focused investors.

Lamar Advertising Company (LAMR) has a return on equity (ROE) of 56.7%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Lamar Advertising Company (LAMR) generated Funds From Operations (FFO) of $913.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Lamar Advertising Company (LAMR) offers a 4.57% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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Lamar Advertising Company (LAMR) financial analysis — history, returns, DCA and operating performance tools

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Lamar Advertising Company(LAMR)Earnings, Financials & Key Ratios

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