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.

Ticker: LAMR
Exchange: Nasdaq
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $15.84B
52-week range: $117.52 - $166.33

Valuation

Share price: $155.99 (close of Nov 6, 2026)
P/E (TTM): 28.41x
Price to book: 15.91x
Price to free cash flow: 22.06x
Enterprise value: $20.75B
Book value per share: $9.80

Price performance

Period	Change
1 day	-0.83%
5 days	-0.98%
1 month	+7.77%
3 months	-2.51%
6 months	+10.51%
Year to date	+23.23%
1 year	+30.02%
3 years	+65.21%
5 years	+28.39%
10 years	+156.69%
All time	+1,055.48%

Short interest

As of: Oct 15, 2026
Short % of float: 7.70%
Shares short: 3.16M
Days to cover: 5.45
Change since prior report: -7.77%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 57.30%
Return on assets: 8.47%
Net margin: 25.91%
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): 4.53%
Current ratio: 0.63x
Net debt to EBITDA: 4.56x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $2.27B
Net income: $587.15M
Earnings per share: $5.78
Interest expense: $160.44M
Shares outstanding: 101.55M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$2.27B	$587.15M	$5.78
2024-12-31	$2.21B	$361.87M	$3.54
2023-12-31	$2.11B	$495.76M	$4.86
2022-12-31	$2.03B	$438.65M	$4.32
2021-12-31	$1.79B	$388.09M	$3.83
2020-12-31	$1.57B	$243.39M	$2.41
2019-12-31	$1.75B	$372.11M	$3.71
2018-12-31	$1.63B	$305.23M	$3.09
2017-12-31	$1.54B	$317.68M	$3.24
2016-12-31	$1.50B	$298.81M	$3.07

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	25.91%	57.30%
2024-12-31	16.40%	34.53%
2023-12-31	23.48%	40.74%
2022-12-31	21.59%	36.70%
2021-12-31	21.71%	31.89%
2020-12-31	15.51%	20.24%
2019-12-31	21.22%	31.53%
2018-12-31	18.76%	26.97%
2017-12-31	20.61%	28.79%
2016-12-31	19.92%	27.94%

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: Sep 21, 2026
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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$2.23
2026-08-06	Jun 2026	$2.21
2026-05-07	Mar 2026	$1.46
2026-02-20	Dec 2025	$2.12
2025-11-06	Sep 2025	$2.07
2025-08-08	Jun 2025	$2.06
2025-05-08	Mar 2025	$1.44
2025-02-20	Dec 2024	$2.08

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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