What is Lamar Advertising Co's earnings per share (EPS)?

Lamar Advertising Co (LAMR) reported diluted earnings per share of $5.77 for fiscal year 2025. This represents a 63.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lamar Advertising Co Financials

LAMR

Trailing 12 months to June 30, 2026

Revenue $2.3B +4.4% YoY

Net Income $556.1M +26.6% YoY

EPS (Diluted) $5.48 +27.7% YoY

Free Cash Flow $718.1M -0.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Lamar Advertising Co (LAMR) reported $2.3B in revenue over the twelve months to Jun 30, 2026, up 4.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LAMR FY2025 2026-05-07

Stable gross margins and recurring cash flow reveal a high-fixed-cost business whose reported returns are heavily leverage-amplified.

FY2025’s earnings rebound was more accounting-led than cash-led: net income rose from $361.9M to $587.2M. Depreciation and amortization fell by $136.6M while capex rose to $180.8M, which helps explain why free cash flow did not recover in step with reported profit even though the business still generated substantial operating cash.

Across FY2021-FY2025, gross margin stayed pinned near 67.0% for five straight years. Because operating margin still moved sharply over that span, the bigger earnings swings appear to come from overhead, depreciation, and other below-gross-profit costs rather than weaker core unit economics; that is the shape of a business with steady direct economics but meaningful fixed-cost absorption.

The standout ROE of 57.3% says as much about balance-sheet leverage as about profitability, because common equity is only $1.0B. With $5.9B of liabilities and 3.1x debt-to-equity, a relatively small equity base is carrying a much larger asset structure, which amplifies shareholder returns when income is strong and makes the headline return ratio look richer than it would on a less levered capital base.

Financial Health Signals

Financial Health Score 60/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lamar Advertising Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Interest Cov.

AFFO Margin

Dividend Cov.

Not available for Lamar Advertising Co, and counted as zero in the overall score.

Altman Z-Score Grey Zone

1.98

Lamar Advertising Co scores 1.98, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($15.4B) relative to total liabilities ($5.9B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Lamar Advertising Co passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.47x

For every $1 of reported earnings, Lamar Advertising Co generates $1.47 in operating cash flow ($864.0M OCF vs $587.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.82x

Lamar Advertising Co earns $4.82 in operating income for every $1 of interest expense ($774.1M vs $160.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.3B

YoY+2.7%

5Y CAGR+7.6%

Lamar Advertising Co generated $2.3B in revenue in fiscal year 2025. This represents an increase of 2.7% from the prior year.

EBITDA

$1.1B

YoY+10.6%

5Y CAGR+10.7%

10Y CAGR+6.7%

Lamar Advertising Co's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the prior year.

Net Income

$587.2M

YoY+62.3%

5Y CAGR+19.3%

10Y CAGR+8.4%

Lamar Advertising Co reported $587.2M in net income in fiscal year 2025. This represents an increase of 62.3% from the prior year.

EPS (Diluted)

$5.77

YoY+63.9%

5Y CAGR+19.1%

10Y CAGR+7.8%

Lamar Advertising Co earned $5.77 per diluted share (EPS) in fiscal year 2025. This represents an increase of 63.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$683.2M

YoY-8.7%

5Y CAGR+6.1%

10Y CAGR+6.4%

Lamar Advertising Co generated $683.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.7% from the prior year.

Cash & Debt

$64.8M

YoY+31.0%

5Y CAGR-11.8%

10Y CAGR+11.2%

Lamar Advertising Co held $64.8M in cash against $3.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$6.45

YoY+14.2%

5Y CAGR+20.9%

10Y CAGR+8.9%

Lamar Advertising Co paid $6.45 per share in dividends in fiscal year 2025. This represents an increase of 14.2% from the prior year.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

67.0%

YoY0.0pp

5Y CAGR+2.6pp

Lamar Advertising Co's gross margin was 67.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. That is unchanged from the prior year.

Operating Margin

34.2%

YoY+10.1pp

5Y CAGR+8.0pp

Lamar Advertising Co's operating margin was 34.2% in fiscal year 2025, reflecting core business profitability. This is up 10.1 percentage points from the prior year.

Net Margin

25.9%

YoY+9.5pp

5Y CAGR+10.4pp

Lamar Advertising Co's net profit margin was 25.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.5 percentage points from the prior year.

Return on Equity

57.3%

YoY+22.8pp

5Y CAGR+37.1pp

10Y CAGR+31.6pp

Lamar Advertising Co's ROE was 57.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 22.8 percentage points from the prior year.

Capital Allocation

Share Buybacks

$157.9M

YoY+2856.8%

5Y CAGR+72.0%

10Y CAGR+38.5%

Lamar Advertising Co spent $157.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2856.8% from the prior year.

Capital Expenditures

$180.8M

YoY+44.3%

5Y CAGR+23.8%

10Y CAGR+5.1%

Lamar Advertising Co invested $180.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 44.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

LAMR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LAMR quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$2.3B	$2.3B+2.7%	$2.2B+4.6%	$2.1B+3.9%	$2.0B+13.7%	$1.8B+13.9%	$1.6B-10.5%	$1.8B+7.8%	$1.6B+5.6%	$1.5B+2.7%	$1.5B	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	$757.6M	$746.9M+2.6%	$727.9M+4.5%	$696.8M+4.4%	$667.3M+15.7%	$576.5M+3.4%	$557.7M-5.5%	$590.1M+5.0%	$561.8M+3.9%	$540.9M+2.9%	$525.6M	N/A	N/A	N/A	N/A	N/A
Gross Profit	$1.6B	$1.5B+2.7%	$1.5B+4.6%	$1.4B+3.6%	$1.4B+12.7%	$1.2B+19.7%	$1.0B-13.1%	$1.2B+9.2%	$1.1B+6.5%	$1.0B+2.6%	$974.7M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$378.2M	$368.7M+2.1%	$361.1M+4.7%	$344.8M-1.7%	$350.6M+7.2%	$327.0M+13.6%	$287.9M-9.6%	$318.4M+10.0%	$289.4M+4.8%	$276.2M+2.5%	$269.4M+11.2%	$242.2M+4.9%	$230.8M-0.3%	$231.6M+9.6%	$211.3M+4.4%	$202.4M
Operating Income	$739.2M	$774.1M+45.5%	$532.0M-21.2%	$675.4M+16.9%	$578.0M+10.9%	$521.2M+27.1%	$410.1M-20.8%	$517.7M+12.4%	$460.6M+1.1%	$455.4M+3.7%	$439.0M+14.6%	$383.0M+37.4%	$278.7M+24.7%	$223.4M+4.2%	$214.5M+16.8%	$183.6M
Interest Expense	$163.1M	$160.4M-6.6%	$171.7M-1.6%	$174.5M+36.9%	$127.5M+19.9%	$106.4M-22.7%	$137.6M-8.6%	$150.6M+16.1%	$129.7M+1.0%	$128.4M+3.8%	$123.7M+25.7%	$98.4M-6.5%	$105.3M-28.0%	$146.3M-6.9%	$157.1M-8.2%	$171.1M
Income Tax	$11.2M	$21.3M+370.7%	$4.5M-53.7%	$9.8M-43.9%	$17.5M+88.5%	$9.3M+98.6%	$4.7M+210.4%	-$4.2M-139.5%	$10.7M+15.9%	$9.2M-30.9%	$13.4M-39.5%	$22.1M+120.0%	-$110.1M-582.0%	$22.8M+177.1%	$8.2M+48.7%	$5.5M
Net Income	$556.1M	$587.2M+62.3%	$361.9M-27.0%	$495.8M+13.0%	$438.6M+13.0%	$388.1M+59.5%	$243.4M-34.6%	$372.1M+21.9%	$305.2M-3.9%	$317.7M+6.3%	$298.8M+13.8%	$262.6M+3.6%	$253.5M+531.6%	$40.1M+408.7%	$7.9M+15.0%	$6.9M
EPS (Diluted)	$5.48	$5.77+63.9%	$3.52-27.4%	$4.85+12.5%	$4.31+12.5%	$3.83+58.9%	$2.41-35.0%	$3.71+20.5%	$3.08-4.6%	$3.23+5.9%	$3.05+12.1%	$2.72+2.3%	$2.66+533.3%	$0.42+425.0%	$0.08+14.3%	$0.07

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$616.7M+16.8%	$528.0M-11.4%	$595.9M+1.8%	$585.5M+1.1%	$579.3M+14.6%	$505.4M-12.8%	$579.6M+2.7%	$564.1M
Cost of Revenue	$194.2M+6.0%	$183.3M-4.7%	$192.4M+2.5%	$187.7M+0.5%	$186.8M+3.8%	$180.0M-3.4%	$186.4M+2.1%	$182.6M
Gross Profit	$422.5M+22.6%	$344.7M-14.6%	$403.6M+1.4%	$397.8M+1.3%	$392.5M+20.6%	$325.4M-17.2%	$393.2M+3.0%	$381.6M
SG&A Expenses	$96.2M-1.4%	$97.6M+6.7%	$91.4M-1.7%	$93.0M+4.1%	$89.3M-6.0%	$95.0M+2.6%	$92.6M+1.8%	$91.0M
Operating Income	$208.0M+42.4%	$146.1M-25.5%	$196.1M+3.7%	$189.1M-4.3%	$197.7M+3.4%	$191.2M+421.7%	$36.7M-80.4%	$186.6M
Interest Expense	$41.1M+1.4%	$40.5M+0.8%	$40.2M-2.4%	$41.2M+1.2%	$40.7M+6.2%	$38.3M-4.0%	$39.9M-7.0%	$42.9M
Income Tax	$2.7M-32.3%	$4.0M+121.4%	$1.8M-28.7%	$2.6M+7.5%	$2.4M-83.6%	$14.5M+1013.6%	$1.3M+211.7%	-$1.2M
Net Income	$160.7M+58.7%	$101.3M-33.5%	$152.3M+7.4%	$141.8M-8.2%	$154.4M+11.2%	$138.8M+11672.6%	-$1.2M-100.8%	$147.5M
EPS (Diluted)	$1.58+58.0%	$1.00-33.3%	$1.50+7.1%	$1.40-7.9%	$1.52+12.6%	$1.35	-$0.02	$1.44

Not reported in any period shown, so not listed: R&D Expenses.

LAMR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LAMR quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$6.9B+5.2%	$6.6B+0.3%	$6.6B+1.4%	$6.5B+7.1%	$6.0B+4.4%	$5.8B-2.5%	$5.9B+30.7%	$4.5B+7.8%	$4.2B+8.1%	$3.9B+15.9%	$3.4B+1.4%	$3.3B-2.4%	$3.4B-3.2%	$3.5B+2.5%	$3.4B
Current Assets	$459.7M+8.1%	$425.3M+14.0%	$373.2M+2.4%	$364.6M-6.2%	$388.6M+2.1%	$380.6M+22.7%	$310.2M-14.7%	$363.7M-13.5%	$420.5M+33.8%	$314.3M+11.5%	$281.7M+3.1%	$273.1M-3.2%	$282.1M-6.4%	$301.2M+17.4%	$256.6M
Cash & Equivalents	$64.8M+31.0%	$49.5M+10.9%	$44.6M-15.2%	$52.6M-47.3%	$99.8M-17.9%	$121.6M+364.2%	$26.2M+21.8%	$21.5M-81.4%	$115.5M+225.0%	$35.5M+59.1%	$22.3M-14.2%	$26.0M-21.6%	$33.2M-43.6%	$58.9M+75.8%	$33.5M
Accounts Receivable	$341.2M+1.9%	$334.8M+11.2%	$301.2M+5.7%	$285.0M+5.6%	$269.9M+12.1%	$240.9M-5.5%	$254.9M+8.2%	$235.6M+16.8%	$201.7M+6.2%	$189.9M+8.9%	$174.4M+2.8%	$169.6M+4.9%	$161.7M+1.2%	$159.8M+8.4%	$147.4M
Goodwill	$2.1B+3.7%	$2.0B0.0%	$2.0B0.0%	$2.0B+5.1%	$1.9B+1.3%	$1.9B0.0%	$1.9B-0.4%	$1.9B+10.3%	$1.7B+0.8%	$1.7B+11.6%	$1.5B+2.2%	$1.5B+0.6%	$1.5B+1.2%	$1.5B+4.1%	$1.4B
Total Liabilities	$5.9B+6.7%	$5.5B+3.6%	$5.3B+1.3%	$5.3B+9.3%	$4.8B+5.3%	$4.6B-3.6%	$4.8B+39.5%	$3.4B+9.7%	$3.1B+9.9%	$2.8B+20.8%	$2.3B+0.2%	$2.3B-5.3%	$2.5B-6.9%	$2.7B+2.5%	$2.6B
Current Liabilities	$794.0M+2.0%	$778.5M+9.0%	$713.9M-1.7%	$726.0M+9.5%	$663.0M+21.0%	$547.9M-18.6%	$672.8M+47.9%	$455.0M+39.6%	$326.0M+17.5%	$277.3M+17.1%	$236.8M+5.1%	$225.3M-8.2%	$245.4M+12.0%	$219.1M+35.8%	$161.3M
Long-Term Debt	$3.2B+7.0%	$3.0B-4.2%	$3.1B+0.9%	$3.1B+7.9%	$2.8B+2.7%	$2.8B+0.4%	$2.8B+2.6%	$2.7B+5.7%	$2.5B+9.7%	$2.3B+23.5%	$1.9B-0.5%	$1.9B+0.1%	$1.9B-11.5%	$2.1B-0.6%	$2.1B
Total Equity	$1.0B-2.2%	$1.0B-13.9%	$1.2B+1.8%	$1.2B-1.8%	$1.2B+1.2%	$1.2B+1.9%	$1.2B+4.3%	$1.1B+2.6%	$1.1B+3.2%	$1.1B+4.7%	$1.0B+4.0%	$981.5M+5.2%	$932.9M+8.3%	$861.6M+4.1%	$827.7M
Retained Earnings	-$1.1B-6.7%	-$1.0B-26.5%	-$819.2M-1.8%	-$804.4M-9.5%	-$734.4M-2.4%	-$717.3M-1.3%	-$708.4M-1.9%	-$695.3M-8.8%	-$639.1M-1.3%	-$631.0M+0.8%	-$635.8M-0.5%	-$632.9M+2.3%	-$647.6M+5.8%	-$687.4M-0.5%	-$683.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$7.0B+1.1%	$6.9B-0.3%	$6.9B+1.6%	$6.8B+2.2%	$6.7B+1.9%	$6.5B-0.6%	$6.6B+1.0%	$6.5B
Current Assets	$493.7M+15.8%	$426.4M-7.3%	$459.7M+12.8%	$407.6M-10.9%	$457.5M+12.9%	$405.3M-4.7%	$425.3M+3.1%	$412.3M
Cash & Equivalents	$68.0M+73.0%	$39.3M-39.4%	$64.8M+194.4%	$22.0M-60.5%	$55.7M+54.3%	$36.1M-27.0%	$49.5M+67.6%	$29.5M
Accounts Receivable	$377.5M+16.7%	$323.6M-5.2%	$341.2M+0.1%	$340.8M-1.5%	$345.9M+12.2%	$308.1M-8.0%	$334.8M-4.7%	$351.2M
Goodwill	$2.1B0.0%	$2.1B0.0%	$2.1B0.0%	$2.1B+3.7%	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B
Total Liabilities	$6.0B+1.1%	$5.9B+0.4%	$5.9B+2.2%	$5.8B+0.2%	$5.8B+4.6%	$5.5B-0.4%	$5.5B+4.4%	$5.3B
Current Liabilities	$787.1M+7.1%	$735.0M-7.4%	$794.0M+14.2%	$695.1M-11.2%	$782.7M+9.1%	$717.3M-7.9%	$778.5M+5.4%	$738.7M
Long-Term Debt	$3.3B+0.4%	$3.3B+2.7%	$3.2B0.0%	$3.2B+1.8%	$3.1B+5.0%	$3.0B+0.1%	$3.0B-1.2%	$3.0B
Total Equity	$995.5M+1.4%	$981.7M-4.2%	$1.0B-2.0%	$1.0B+15.3%	$906.9M-12.1%	$1.0B-1.6%	$1.0B-13.6%	$1.2B
Retained Earnings	-$1.2B-0.2%	-$1.2B-5.6%	-$1.1B-2.8%	-$1.1B-1.5%	-$1.1B-0.3%	-$1.1B-2.0%	-$1.0B-19.7%	-$866.1M

Not reported in any period shown, so not listed: Inventory.

LAMR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LAMR quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$906.6M	$864.0M-1.1%	$873.6M+11.5%	$783.6M+0.3%	$781.6M+6.4%	$734.4M+28.9%	$569.9M-9.7%	$630.9M+11.7%	$564.8M+11.4%	$507.0M-2.8%	$521.8M+9.2%	$477.6M+5.6%	$452.5M+14.6%	$394.7M+5.0%	$375.9M+17.9%	$318.8M
Capital Expenditures	$188.6M	$180.8M+44.3%	$125.3M-29.7%	$178.3M+6.7%	$167.1M+32.5%	$126.1M+102.5%	$62.3M-55.8%	$141.0M+19.8%	$117.6M+7.6%	$109.3M+1.6%	$107.6M-2.5%	$110.4M+2.7%	$107.6M+1.8%	$105.7M+0.1%	$105.6M-1.4%	$107.1M
Free Cash Flow	$718.1M	$683.2M-8.7%	$748.3M+23.6%	$605.3M-1.5%	$614.5M+1.0%	$608.3M+19.8%	$507.6M+3.6%	$489.9M+9.5%	$447.2M+12.5%	$397.7M-4.0%	$414.2M+12.8%	$367.2M+6.5%	$345.0M+19.3%	$289.1M+6.9%	$270.3M+27.7%	$211.8M
Investing Cash Flow	-$373.4M	-$244.6M-48.3%	-$164.9M+46.8%	-$310.1M+49.9%	-$619.1M-34.1%	-$461.8M-376.6%	-$96.9M+73.2%	-$362.0M+38.0%	-$584.1M-46.0%	-$400.1M+41.3%	-$681.0M	N/A	N/A	-$191.9M+36.8%	-$303.4M-158.8%	-$117.3M
Financing Cash Flow	-$520.8M	-$604.3M+14.1%	-$703.4M-46.0%	-$481.6M-130.1%	-$209.3M+28.9%	-$294.5M+22.1%	-$377.9M-43.0%	-$264.4M-259.4%	-$73.6M-156.8%	-$28.6M-116.7%	$171.9M	N/A	N/A	-$227.2M-379.1%	-$47.4M+81.7%	-$259.4M
Share Buybacks	$6.1M	$157.9M+2856.8%	$5.3M-10.8%	$6.0M-43.0%	$10.5M+73.2%	$6.1M-42.2%	$10.5M+18.1%	$8.9M+116.0%	$4.1M-54.3%	$9.0M+45.0%	$6.2M+1.7%	$6.1M+104.2%	$3.0M-28.9%	$4.2M+277.4%	$1.1M-68.0%	$3.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$252.4M+71.3%	$147.4M-45.6%	$271.2M+15.1%	$235.7M+2.7%	$229.5M+79.6%	$127.7M-54.3%	$279.3M+22.8%	$227.4M
Capital Expenditures	$42.7M+28.9%	$33.1M-47.3%	$62.9M+26.1%	$49.9M+30.5%	$38.2M+27.8%	$29.9M-30.5%	$43.0M+42.7%	$30.1M
Free Cash Flow	$209.7M+83.5%	$114.3M-45.2%	$208.3M+12.1%	$185.8M-2.9%	$191.3M+95.5%	$97.9M-58.6%	$236.3M+19.8%	$197.3M
Investing Cash Flow	-$83.1M-4.7%	-$79.4M+31.9%	-$116.6M-23.6%	-$94.3M+5.0%	-$99.2M-251.6%	$65.4M+215.1%	-$56.9M-81.2%	-$31.4M
Financing Cash Flow	-$140.6M-50.4%	-$93.4M+16.5%	-$111.9M+36.0%	-$175.0M-57.7%	-$110.9M+46.3%	-$206.5M-2.1%	-$202.2M+17.3%	-$244.5M
Dividends Paid	$162.8M+0.1%	$162.6M	N/A	$157.3M+0.2%	$157.1M-1.3%	$159.1M	N/A	$143.5M
Share Buybacks	$0-100.0%	$6.1M	$0	$0-100.0%	$131.6M+398.9%	$26.4M+2636700.0%	-$1K0.0%	$1K

LAMR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LAMR quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	67.0%0.0pp	67.0%0.0pp	67.0%-0.2pp	67.2%-0.6pp	67.8%+3.3pp	64.5%-1.9pp	66.3%+0.9pp	65.5%+0.6pp	64.9%-0.1pp	65.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	34.2%+10.1pp	24.1%-7.9pp	32.0%+3.6pp	28.4%-0.7pp	29.2%+3.0pp	26.1%-3.4pp	29.5%+1.2pp	28.3%-1.3pp	29.5%+0.3pp	29.3%	N/A	N/A	N/A	N/A	N/A
Net Margin	25.9%+9.5pp	16.4%-7.1pp	23.5%+1.9pp	21.6%-0.1pp	21.7%+6.2pp	15.5%-5.7pp	21.2%+2.5pp	18.8%-1.9pp	20.6%+0.7pp	19.9%	N/A	N/A	N/A	N/A	N/A
Return on Equity	57.3%+22.8pp	34.5%-6.2pp	40.7%+4.0pp	36.7%+4.8pp	31.9%+11.7pp	20.2%-11.3pp	31.5%+4.6pp	27.0%-1.8pp	28.8%+0.9pp	27.9%+2.2pp	25.7%-0.1pp	25.8%+21.5pp	4.3%+3.4pp	0.9%+0.1pp	0.8%
Return on Assets	8.5%+3.0pp	5.5%-2.1pp	7.5%+0.8pp	6.8%+0.4pp	6.4%+2.2pp	4.2%-2.1pp	6.3%-0.5pp	6.7%-0.8pp	7.5%-0.1pp	7.7%-0.2pp	7.8%+0.2pp	7.6%+6.5pp	1.2%+1.0pp	0.2%0.0pp	0.2%
Current Ratio	0.580.0x	0.550.0x	0.520.0x	0.50-0.1x	0.59-0.1x	0.69+0.2x	0.46-0.3x	0.80-0.5x	1.29+0.2x	1.13-0.1x	1.190.0x	1.21+0.1x	1.15-0.2x	1.37-0.2x	1.59
Debt-to-Equity	3.09+0.3x	2.83+0.3x	2.540.0x	2.56+0.2x	2.330.0x	2.300.0x	2.330.0x	2.37+0.1x	2.30+0.1x	2.16+0.3x	1.84-0.1x	1.92-0.1x	2.02-0.5x	2.47-0.1x	2.59
FCF Margin	30.1%-3.8pp	33.9%+5.2pp	28.7%-1.6pp	30.2%-3.8pp	34.0%+1.7pp	32.4%+4.4pp	27.9%+0.5pp	27.5%+1.7pp	25.8%-1.8pp	27.6%	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	68.5%+3.2pp	65.3%-2.4pp	67.7%-0.2pp	67.9%+0.2pp	67.8%+3.4pp	64.4%-3.4pp	67.8%+0.2pp	67.6%
Operating Margin	33.7%+6.1pp	27.7%-5.2pp	32.9%+0.6pp	32.3%-1.8pp	34.1%-3.7pp	37.8%+31.5pp	6.3%-26.7pp	33.1%
Net Margin	26.1%+6.9pp	19.2%-6.4pp	25.6%+1.3pp	24.2%-2.4pp	26.6%-0.8pp	27.5%+27.7pp	-0.2%-26.4pp	26.1%
Return on Equity	16.2%+5.8pp	10.3%-4.5pp	14.9%+1.3pp	13.6%-3.5pp	17.0%+3.6pp	13.5%+13.6pp	-0.1%-12.3pp	12.2%
Return on Assets	2.3%+0.8pp	1.5%-0.7pp	2.2%+0.1pp	2.1%-0.2pp	2.3%+0.2pp	2.1%+2.1pp	0.0%-2.3pp	2.3%
Current Ratio	0.630.0x	0.580.0x	0.580.0x	0.590.0x	0.580.0x	0.570.0x	0.550.0x	0.56
Debt-to-Equity	3.280.0x	3.31+0.2x	3.09+0.1x	3.03-0.4x	3.43+0.6x	2.870.0x	2.83+0.4x	2.47
FCF Margin	34.0%+12.4pp	21.6%-13.3pp	34.9%+3.2pp	31.7%-1.3pp	33.0%+13.7pp	19.4%-21.4pp	40.8%+5.8pp	35.0%

Note: The current ratio is below 1.0 (0.58), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Lamar Advertising Co Ranks

Frequently Asked Questions

What is Lamar Advertising Co's annual revenue?

Lamar Advertising Co (LAMR) reported $2.3B in total revenue for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lamar Advertising Co's revenue growing?

Lamar Advertising Co (LAMR) revenue grew by 2.7% year-over-year, from $2.2B to $2.3B in fiscal year 2025.

Is Lamar Advertising Co profitable?

Yes, Lamar Advertising Co (LAMR) reported a net income of $587.2M in fiscal year 2025, with a net profit margin of 25.9%.

What is Lamar Advertising Co's EBITDA?

Lamar Advertising Co (LAMR) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lamar Advertising Co have?

As of fiscal year 2025, Lamar Advertising Co (LAMR) had $64.8M in cash and equivalents against $3.2B in long-term debt.

What is Lamar Advertising Co's gross margin?

Lamar Advertising Co (LAMR) had a gross margin of 67.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lamar Advertising Co's operating margin?

Lamar Advertising Co (LAMR) had an operating margin of 34.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lamar Advertising Co's net profit margin?

Lamar Advertising Co (LAMR) had a net profit margin of 25.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Lamar Advertising Co pay dividends?

Yes, Lamar Advertising Co (LAMR) paid $6.45 per share in dividends during fiscal year 2025.

What is Lamar Advertising Co's return on equity (ROE)?

Lamar Advertising Co (LAMR) has a return on equity of 57.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lamar Advertising Co's free cash flow?

Lamar Advertising Co (LAMR) generated $683.2M in free cash flow during fiscal year 2025. This represents a -8.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lamar Advertising Co's operating cash flow?

Lamar Advertising Co (LAMR) generated $864.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lamar Advertising Co's total assets?

Lamar Advertising Co (LAMR) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lamar Advertising Co's capital expenditures?

Lamar Advertising Co (LAMR) invested $180.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Lamar Advertising Co buy back shares?

Yes, Lamar Advertising Co (LAMR) spent $157.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Lamar Advertising Co's current ratio?

Lamar Advertising Co (LAMR) had a current ratio of 0.58 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Lamar Advertising Co's debt-to-equity ratio?

Lamar Advertising Co (LAMR) had a debt-to-equity ratio of 3.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lamar Advertising Co's return on assets (ROA)?

Lamar Advertising Co (LAMR) had a return on assets of 8.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lamar Advertising Co's Altman Z-Score?

Lamar Advertising Co (LAMR) has an Altman Z-Score of 1.98, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lamar Advertising Co's Piotroski F-Score?

Lamar Advertising Co (LAMR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lamar Advertising Co's earnings high quality?

Lamar Advertising Co (LAMR) has an earnings quality ratio of 1.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Lamar Advertising Co cover its interest payments?

Lamar Advertising Co (LAMR) has an interest coverage ratio of 4.82x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Lamar Advertising Co?

Lamar Advertising Co (LAMR) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.