NASDAQ · Financial Statements

Lamar Advertising Company (LAMR) Financial Statements

$155.02 NASDAQ: LAMR Market Cap $15.74B

Lamar Advertising Company most recently reported annual revenue of $2.3B, net profit of $587.0M. Revenue grew at an average annual rate of 7.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Lamar Advertising Company: Revenue rose from $1.5B in 2016 to $2.3B in 2025, a change of +51.1% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 29.3% to 30.8%, a shift of +1.5 percentage points; the most recent year shows net profit of $587.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.5B$1.5B$1.6B$1.8B$1.6B$1.8B$2.0B$2.1B$2.2B$2.3B
Operating Expenses$1.1B$1.1B$1.2B$1.2B$1.2B$1.3B$1.5B$1.4B$1.7B$1.6B
Operating Profit$439.0M$455.0M$461.0M$518.0M$410.0M$521.0M$578.0M$675.0M$532.0M$698.0M
Operating Margin29.3%29.6%28.3%29.5%26.1%29.2%28.4%32.0%24.1%30.8%
Other Income$-127.0M$-128.0M$-145.0M$-150.0M$-162.0M$-124.0M$-122.0M$-169.0M$-165.0M$-84.0M
Interest$124.0M$128.0M$130.0M$151.0M$138.0M$106.0M$128.0M$175.0M$172.0M$160.0M
Depreciation$1.1B$999.0M$1.2B$250.0M$251.0M$271.0M$349.0M$293.0M$463.0M$326.0M
Profit Before Tax$312.0M$327.0M$316.0M$368.0M$248.0M$397.0M$456.0M$507.0M$367.0M$614.0M
Tax$4.3M$2.8M$3.4M$-1.1M$1.9M$2.3M$3.8M$1.9M$1.2M$3.5M
Net Profit$299.0M$318.0M$305.0M$372.0M$243.0M$388.0M$439.0M$496.0M$362.0M$587.0M
EPS$3.05$3.23$3.08$3.71$2.41$3.83$4.31$4.85$3.52$5.77
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$543.0M$556.0M$498.0M$565.0M$564.0M$580.0M$505.0M$579.0M$586.0M$596.0M$528.0M$617.0M
Operating Expenses$354.0M$364.0M$374.0M$381.0M$378.0M$543.0M$314.0M$382.0M$399.0M$474.0M$395.0M$409.0M
Operating Profit$188.0M$192.0M$125.0M$184.0M$187.0M$37.0M$191.0M$198.0M$187.0M$122.0M$133.0M$208.0M
Operating Margin34.7%34.5%25.0%32.6%33.1%6.3%37.8%34.1%31.9%20.5%25.3%33.7%
Interest$45.0M$44.0M$44.0M$44.0M$43.0M$40.0M$38.0M$41.0M$41.0M$40.0M$39.0M$41.0M
Profit Before Tax$144.0M$150.0M$80.0M$140.0M$147.0M$0$154.0M$157.0M$147.0M$157.0M$106.0M$167.0M
Tax$2.7M$640,000$1.9M$2.0M$-800,000$395.8M$9.5M$1.5M$1.8M$1.2M$3.8M$1.6M
Net Profit$140.0M$149.0M$78.0M$137.0M$147.0M$-1.0M$139.0M$154.0M$142.0M$152.0M$101.0M$161.0M
EPS$1.37$1.46$0.76$1.34$1.44$-0.01$1.35$1.52$1.40$1.50$1.00$1.58

Over the 10 years reported for Lamar Advertising Company, borrowings increased from $2.3B in 2016 to $6.2B in 2025, cash stood at $65.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.95 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$3.9B$4.2B$4.5B$5.9B$5.8B$6.0B$6.5B$6.6B$6.6B$6.9B
Current Assets$316.0M$421.0M$364.0M$310.0M$381.0M$389.0M$365.0M$373.0M$425.0M$460.0M
Cash$36.0M$115.0M$21.0M$26.0M$122.0M$100.0M$53.0M$45.0M$49.0M$65.0M
Inventory$50.0M$51.0M$81.0M$0$0$0$0$0$0$0
Receivables$190.0M$202.0M$236.0M$255.0M$241.0M$270.0M$285.0M$301.0M$335.0M$341.0M
Fixed Assets$1.2B$1.2B$1.3B$2.7B$2.5B$2.6B$2.8B$2.9B$3.0B$6.3B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$1.7B
Other Assets$1.7B$1.7B$1.9B$1.9B$1.9B$1.9B$2.0B$2.0B$2.0B$2.1B
Total Liabilities$2.8B$3.1B$3.4B$4.8B$4.6B$4.8B$5.3B$5.3B$5.5B$5.9B
Current Liabilities$277.0M$326.0M$455.0M$673.0M$548.0M$663.0M$726.0M$714.0M$778.0M$484.0M
Borrowings$2.3B$2.6B$2.9B$4.2B$4.1B$4.2B$4.6B$4.6B$4.6B$6.2B
Other Liabilities$482.0M$554.0M$524.0M$516.0M$493.0M$605.0M$708.0M$704.0M$981.0M$0
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B$1.2B$1.0B$1.0B

For Lamar Advertising Company, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $736.0M; free cash flow was positive in 10 of 10 years; financing activities used $178.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$522.0M$507.0M$565.0M$195.0M$570.0M$734.0M$782.0M$784.0M$874.0M$864.0M
Investing Cash Flow$-789.0M$-509.0M$467.0M$323.0M$-159.0M$-588.0M$-786.0M$-444.0M$-290.0M$-373.0M
Financing Cash Flow$7.0M$12.0M$163.0M$30.0M$-97.0M$37.0M$62.0M$-10.0M$-7.0M$-178.0M
Net Cash Flow$13.0M$80.0M$-94.0M$5.0M$95.0M$-22.0M$-47.0M$-8.0M$5.0M$15.0M
Free Cash Flow$414.0M$398.0M$447.0M$54.0M$508.0M$608.0M$615.0M$650.0M$748.0M$736.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.95
EV / EBITDA18.90
FCF Yield5.16%
Quick Ratio0.64
Interest Coverage4.03
Return 1Y35.47%
Return 3Y115.93%
Return 5Y63.14%

Lamar Advertising Company (LAMR) financials — frequently asked questions

What is Lamar Advertising Company's annual revenue?

Lamar Advertising Company (LAMR) reported annual revenue of $2.3B in its most recent fiscal year.

What is Lamar Advertising Company's net profit?

Lamar Advertising Company (LAMR) reported net profit of $587.0M in its most recent fiscal year.

What is LAMR EV/EBITDA?

Lamar Advertising Company's enterprise value to EBITDA (EV/EBITDA) ratio is 18.90.

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