Lamar Advertising Co (LAMR)
Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 362,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboards, 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 over 5,400 displays. Lamar Advertising Company was founded and incorporated in 1902 in Delaware and is based in Baton Rouge, United States.
- Symbol
- LAMR
- Exchange
- Nasdaq
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Market cap
- $14.73B
- 52 week range
- 114.45 - 166.33
Valuation
- Share price
- $144.22 (close of 2026-09-23)
- P/E (TTM)
- 26.44x
- Price to book
- 14.80x
- Price to free cash flow
- 20.51x
- Enterprise value
- $19.64B
- Book value per share
- $9.81
Price performance
| Period | Change |
|---|
| 1 day | -1.27% |
| 5 days | -2.44% |
| 1 month | -4.34% |
| 3 months | -5.36% |
| 6 months | +13.45% |
| Year to date | +13.94% |
| 1 year | +16.00% |
| 3 years | +71.20% |
| 5 years | +22.01% |
| 10 years | +119.91% |
| All time | +968.30% |
Profitability and growth
- Return on equity
- 57.30%
- Return on invested capital
- 12.80%
- Return on assets
- 8.47%
- Return on capital employed
- 12.61%
- Gross margin
- 67.04%
- Net margin
- 25.91%
- EBITDA margin
- 48.56%
- Revenue growth
- 2.68%
- Net income growth
- 62.26%
- Free cash flow growth
- -8.70%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.87%
- Current ratio
- 0.63x
- Net debt to EBITDA
- 4.56x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.27B
- Cost of revenue
- $746.86M
- Gross profit
- $1.52B
- EBITDA
- $1.10B
- Net income
- $587.15M
- Earnings per share
- $5.78
- Shares outstanding
- 101.55M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.27B | $1.52B | $587.15M | $5.78 |
| 2024-12-31 | $2.21B | $1.48B | $361.87M | $3.54 |
| 2023-12-31 | $2.11B | $1.41B | $495.76M | $4.86 |
| 2022-12-31 | $2.03B | $1.36B | $438.65M | $4.32 |
| 2021-12-31 | $1.79B | $1.21B | $388.09M | $3.83 |
| 2020-12-31 | $1.57B | $1.01B | $243.39M | $2.41 |
| 2019-12-31 | $1.75B | $1.16B | $372.11M | $3.71 |
| 2018-12-31 | $1.63B | $1.07B | $305.23M | $3.09 |
| 2017-12-31 | $1.54B | $1.00B | $317.68M | $3.24 |
| 2016-12-31 | $1.50B | $974.70M | $298.81M | $3.07 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 67.04% | 25.91% | 57.30% | 12.80% |
| 2024-12-31 | 67.02% | 16.40% | 34.53% | 9.49% |
| 2023-12-31 | 66.99% | 23.48% | 40.74% | 11.45% |
| 2022-12-31 | 67.16% | 21.59% | 36.70% | 9.81% |
| 2021-12-31 | 67.75% | 21.71% | 31.89% | 9.58% |
| 2020-12-31 | 64.45% | 15.51% | 20.24% | 7.83% |
| 2019-12-31 | 66.35% | 21.22% | 31.53% | 9.59% |
| 2018-12-31 | 65.47% | 18.76% | 26.97% | 11.25% |
| 2017-12-31 | 64.91% | 20.61% | 28.79% | 12.59% |
| 2016-12-31 | 64.97% | 19.92% | 27.94% | 12.58% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $64.81M | $3.17B |
| 2024-12-31 | $49.46M | $2.96B |
| 2023-12-31 | $44.60M | $3.09B |
| 2022-12-31 | $52.62M | $3.06B |
| 2021-12-31 | $99.79M | $2.84B |
| 2020-12-31 | $121.57M | $2.76B |
| 2019-12-31 | $26.19M | $2.75B |
| 2018-12-31 | $21.49M | $2.68B |
| 2017-12-31 | $115.47M | $2.54B |
| 2016-12-31 | $35.53M | $2.32B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $683.25M | $33.96M |
| 2024-12-31 | $748.33M | $44.52M |
| 2023-12-31 | $605.34M | $22.65M |
| 2022-12-31 | $614.53M | $23.14M |
| 2021-12-31 | $608.33M | $37.37M |
| 2020-12-31 | $507.60M | $18.77M |
| 2019-12-31 | $489.91M | $29.65M |
| 2018-12-31 | $447.21M | $29.44M |
| 2017-12-31 | $397.69M | $9.60M |
| 2016-12-31 | $414.21M | $28.56M |
Dividend history
- Most recent payment
- 2026-09-21
- Paid in the last twelve months
- $6.65
| Payment date | Dividend per share |
|---|
| 2026-09-21 | $1.65 |
| 2026-06-16 | $1.60 |
| 2026-03-16 | $1.60 |
| 2025-12-22 | $1.80 |
| 2025-09-19 | $1.55 |
| 2025-06-16 | $1.55 |
| 2025-03-14 | $1.55 |
| 2024-12-18 | $1.65 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $2.26
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $2.21 |
| 2026-05-07 | - | - |
| 2026-02-20 | - | - |
| 2025-11-06 | - | - |
| 2025-08-08 | - | - |
| 2025-05-08 | - | - |
| 2025-02-20 | - | - |
| 2024-11-08 | - | - |
Filings and sources
- Company website
- lamar.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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