Lamar Advertising Company (LAMR)

Nasdaq Real Estate Other Specialized REITs S&P MidCap 400

$155.99

-1.31 (-0.83%)

Close of Nov 06, 2026 · end-of-day data

Source: Lamar Advertising Company's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.50B	$1.54B	$1.63B	$1.75B	$1.57B	$1.79B	$2.03B	$2.11B	$2.21B	$2.27B
Cost of revenue	$525.60M	$540.88M	$561.85M	$590.08M	$557.66M	$576.51M	$667.29M	$696.80M	$727.88M	$746.86M
Gross profit	$974.70M	$1.00B	$1.07B	$1.16B	$1.01B	$1.21B	$1.36B	$1.41B	$1.48B	$1.52B
Operating income	$439.05M	$455.37M	$460.56M	$517.74M	$410.11M	$521.19M	$578.00M	$675.43M	$532.04M	$774.06M
Interest expense	$123.69M	$128.40M	$129.73M	$150.62M	$137.62M	$106.38M	$127.51M	$174.51M	$171.71M	$160.44M
Pre-tax income	$312.17M	$326.91M	$315.93M	$367.89M	$248.05M	$397.35M	$456.10M	$506.62M	$367.47M	$614.39M
Income tax	$13.36M	$9.23M	$10.70M	-$4.22M	$4.66M	$9.26M	$17.45M	$9.78M	$4.53M	$21.33M
Net income	$298.81M	$317.68M	$305.23M	$372.11M	$243.39M	$388.09M	$438.65M	$495.76M	$361.87M	$587.15M
EBITDA	$644.00M	$666.47M	$685.82M	$767.77M	$661.40M	$792.48M	$927.45M	$968.86M	$995.01M	$1.10B
EPS (basic)	$3.07	$3.24	$3.09	$3.71	$2.41	$3.83	$4.32	$4.86	$3.54	$5.78
EPS (diluted)	$3.05	$3.23	$3.08	$3.71	$2.41	$3.83	$4.31	$4.85	$3.52	$5.77
Diluted shares	97.69M	98.37M	99.09M	100.32M	100.90M	101.35M	101.63M	102.11M	102.56M	101.63M
Gross margin	65.0%	64.9%	65.5%	66.4%	64.5%	67.7%	67.2%	67.0%	67.0%	67.0%
Operating margin	29.3%	29.5%	28.3%	29.5%	26.1%	29.2%	28.4%	32.0%	24.1%	34.2%
Net margin	19.9%	20.6%	18.8%	21.2%	15.5%	21.7%	21.6%	23.5%	16.4%	25.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$35.53M	$115.47M	$21.49M	$26.19M	$121.57M	$99.79M	$52.62M	$44.60M	$49.46M	$64.81M
Receivables	$189.94M	$201.70M	$235.58M	$254.93M	$240.85M	$269.92M	$285.04M	$301.19M	$334.80M	$341.22M
Total current assets	$314.25M	$420.52M	$363.67M	$310.17M	$380.57M	$388.61M	$364.55M	$373.19M	$425.27M	$459.72M
Goodwill	$1.73B	$1.74B	$1.92B	$1.91B	$1.91B	$1.94B	$2.04B	$2.04B	$2.04B	$2.11B
Total assets	$3.90B	$4.21B	$4.54B	$5.94B	$5.79B	$6.05B	$6.48B	$6.56B	$6.59B	$6.93B
Total current liabilities	$277.32M	$325.99M	$455.04M	$672.81M	$547.87M	$662.97M	$726.04M	$713.90M	$778.47M	$794.04M
Short-term debt	$33.92M	$17.66M	$204.12M	$226.51M	$122.43M	$174.78M	$249.78M	$250.02M	$249.81M	$250.04M
Long-term debt	$2.32B	$2.54B	$2.68B	$2.75B	$2.76B	$2.84B	$3.06B	$3.09B	$2.96B	$3.17B
Total debt	$2.35B	$2.56B	$2.89B	$2.98B	$2.89B	$3.01B	$3.31B	$3.34B	$3.21B	$3.42B
Total liabilities	$2.83B	$3.11B	$3.41B	$4.76B	$4.59B	$4.83B	$5.28B	$5.35B	$5.54B	$5.91B
Shareholders' equity	$1.07B	$1.10B	$1.13B	$1.18B	$1.20B	$1.22B	$1.20B	$1.22B	$1.05B	$1.02B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$521.82M	$507.02M	$564.85M	$630.87M	$569.87M	$734.42M	$781.61M	$783.61M	$873.61M	$864.05M
Capital expenditures	$107.61M	$109.33M	$117.64M	$140.96M	$62.27M	$126.09M	$167.08M	$178.27M	$125.28M	$180.80M
Free cash flow	$414.21M	$397.69M	$447.21M	$489.91M	$507.60M	$608.33M	$614.53M	$605.34M	$748.33M	$683.25M
Investing cash flow	-$680.98M	-$400.07M	-$584.15M	-$362.03M	-$96.89M	-$461.76M	-$619.07M	-$310.12M	-$164.91M	-$244.63M
Financing cash flow	$171.91M	-$28.64M	-$73.56M	-$264.36M	-$377.92M	-$294.52M	-$209.32M	-$481.63M	-$703.42M	-$604.32M
Share buybacks	$6.20M	$9.00M	$4.11M	$8.88M	$10.49M	$6.07M	$10.51M	$5.99M	$5.34M	$157.92M
Stock-based compensation	$28.56M	$9.60M	$29.44M	$29.65M	$18.77M	$37.37M	$23.14M	$22.65M	$44.52M	$33.96M
Depreciation & amortization	$204.96M	$211.10M	$225.26M	$250.03M	$251.30M	$271.29M	$349.45M	$293.42M	$462.97M	$326.33M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$542.61M	$555.91M	$498.15M	$565.25M	$564.13M	$579.57M	$505.43M	$579.31M	$585.54M	$595.93M	$528.00M	$616.75M
Cost of revenue	$175.19M	$181.40M	$175.65M	$183.26M	$182.59M	$186.38M	$180.00M	$186.78M	$187.72M	$192.37M	$183.31M	$194.22M
Gross profit	$367.42M	$374.51M	$322.50M	$381.99M	$381.55M	$393.19M	$325.43M	$392.54M	$397.82M	$403.56M	$344.69M	$422.53M
Operating income	$188.13M	$191.71M	$124.60M	$184.23M	$186.56M	$36.66M	$191.23M	$197.68M	$189.08M	$196.06M	$146.06M	$207.96M
Interest expense	$45.07M	$44.35M	$44.49M	$44.34M	$42.94M	$39.95M	$38.33M	$40.70M	$41.19M	$40.22M	$40.54M	$41.10M
Pre-tax income	$144.27M	$150.29M	$80.02M	$140.47M	$146.65M	$330.00K	$153.77M	$157.40M	$146.64M	$156.58M	$105.89M	$167.38M
Income tax	$3.84M	$961.00K	$1.52M	$2.87M	-$1.17M	$1.31M	$14.54M	$2.39M	$2.57M	$1.83M	$4.05M	$2.74M
Net income	$140.02M	$149.09M	$78.22M	$137.37M	$147.48M	-$1.20M	$138.75M	$154.35M	$141.75M	$152.29M	$101.29M	$160.75M
EBITDA	$262.77M	$262.21M	$199.83M	$261.42M	$261.67M	$272.09M	$269.05M	$275.79M	$275.36M	$280.19M	$228.00M	$292.41M
EPS (basic)	$1.37	$1.46	$0.77	$1.34	$1.44	$-0.01	$1.35	$1.52	$1.40	$1.50	$1.00	$1.58
EPS (diluted)	$1.37	$1.46	$0.76	$1.34	$1.44	$-0.02	$1.35	$1.52	$1.40	$1.50	$1.00	$1.58
Diluted shares	102.13M	21.63K	102.45M	102.59M	102.62M	13.66K	102.80M	101.65M	101.31M	-86.52K	101.45M	101.59M
Gross margin	67.7%	67.4%	64.7%	67.6%	67.6%	67.8%	64.4%	67.8%	67.9%	67.7%	65.3%	68.5%
Operating margin	34.7%	34.5%	25.0%	32.6%	33.1%	6.3%	37.8%	34.1%	32.3%	32.9%	27.7%	33.7%
Net margin	25.8%	26.8%	15.7%	24.3%	26.1%	-0.2%	27.5%	26.6%	24.2%	25.6%	19.2%	26.1%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$39.40M	$44.60M	$36.41M	$77.93M	$29.51M	$49.46M	$36.12M	$55.73M	$22.02M	$64.81M	$39.27M	$67.95M
Receivables	$310.17M	$301.19M	$298.51M	$318.46M	$351.23M	$334.80M	$308.13M	$345.87M	$340.76M	$341.22M	$323.56M	$377.54M
Total current assets	$378.17M	$373.19M	$376.08M	$440.72M	$412.32M	$425.27M	$405.31M	$457.54M	$407.59M	$459.72M	$426.39M	$493.71M
Goodwill	$2.04B	$2.04B	$2.04B	$2.04B	$2.04B	$2.04B	$2.04B	$2.04B	$2.11B	$2.11B	$2.11B	$2.11B
Total assets	$6.57B	$6.56B	$6.53B	$6.58B	$6.52B	$6.59B	$6.55B	$6.67B	$6.82B	$6.93B	$6.91B	$6.99B
Total current liabilities	$690.24M	$713.90M	$992.61M	$1.06B	$738.73M	$778.47M	$717.29M	$782.66M	$695.10M	$794.04M	$734.97M	$787.13M
Short-term debt	$247.05M	$250.02M	$585.76M	$599.82M	$250.00M	$249.81M	$223.37M	$249.93M	$179.98M	$250.04M	$242.21M	$250.16M
Long-term debt	$3.15B	$3.09B	$2.82B	$2.75B	$3.00B	$2.96B	$2.96B	$3.11B	$3.17B	$3.17B	$3.25B	$3.26B
Total debt	$3.40B	$3.34B	$3.40B	$3.35B	$3.25B	$3.21B	$3.19B	$3.36B	$3.35B	$3.42B	$3.50B	$3.51B
Total liabilities	$5.39B	$5.35B	$5.34B	$5.38B	$5.31B	$5.54B	$5.52B	$5.77B	$5.78B	$5.91B	$5.93B	$6.00B
Shareholders' equity	$1.19B	$1.22B	$1.18B	$1.20B	$1.21B	$1.05B	$1.03B	$906.88M	$1.05B	$1.02B	$981.69M	$995.47M

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$222.55M	$254.19M	$110.56M	$256.34M	$227.39M	$279.31M	$127.75M	$229.49M	$235.66M	$271.16M	$147.39M	$252.42M
Capital expenditures	$39.15M	$46.12M	$29.48M	$22.65M	$30.14M	$43.01M	$29.89M	$38.20M	$49.85M	$62.86M	$33.14M	$42.72M
Free cash flow	$183.40M	$208.07M	$81.08M	$233.69M	$197.25M	$236.30M	$97.86M	$191.29M	$185.81M	$208.30M	$114.25M	$209.70M
Investing cash flow	-$115.92M	-$64.19M	-$45.02M	-$31.64M	-$31.39M	-$56.86M	$65.43M	-$99.20M	-$94.28M	-$116.58M	-$79.39M	-$83.15M
Financing cash flow	-$114.96M	-$184.90M	-$73.63M	-$183.12M	-$244.48M	-$202.20M	-$206.52M	-$110.95M	-$174.95M	-$111.89M	-$93.43M	-$140.55M
Dividends paid	$127.58M	—	$133.03M	$133.12M	$143.49M	—	$159.07M	$157.06M	$157.34M	—	$162.61M	$162.82M
Share buybacks	$43.00K	$0	$5.34M	$0	$1.00K	-$1.00K	$26.37M	$131.55M	$0	$0	$6.08M	$0
Stock-based compensation	$3.92M	$6.29M	$14.47M	$11.15M	$12.10M	$6.81M	$10.58M	$7.15M	$7.58M	$8.65M	$11.20M	$14.07M
Depreciation & amortization	$74.64M	$70.50M	$75.23M	$77.19M	$75.11M	$235.44M	$77.82M	$78.11M	$86.28M	$84.12M	$81.94M	$84.45M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.