Lamar Advertising Co (LAMR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Lamar Advertising reported revenue of $2.27B, up 2.7% from $2.21B the year before. Net income was $587.2M (a 25.9% net margin), or $5.77 per diluted share. Gross margin was 67.0% and operating margin was 34.2%. Operating activities generated $864.0M of cash, leaving $683.2M of free cash flow. At fiscal year end, Lamar Advertising held $6.93B in total assets against $5.91B in total liabilities, including $64.8M of cash and equivalents.
Open the full interactive Lamar Advertising financials → Quarterly statements, key ratios, valuation history and price charts.
Lamar Advertising Key Stats
| Share Price | $146.45 |
|---|---|
| Market Cap | $14.88B |
| P/E Ratio | 25.4 |
| Revenue YoY Growth | +2.7% |
| 52-Week Range | $110.67 – $162.48 |
| Shares Outstanding | 101.5 million (basic, 2026 Q2) |
Lamar Advertising Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.79B | $2.03B | $2.11B | $2.21B | $2.27B |
| Cost of Goods Sold | $557.7M | $576.5M | $667.3M | $696.8M | $727.9M | $746.9M |
| Gross Profit | $1.01B | $1.21B | $1.36B | $1.41B | $1.48B | $1.52B |
| Operating Income | $410.1M | $521.2M | $578.0M | $675.4M | $532.0M | $774.1M |
| Pre-Tax Income | $248.0M | $397.3M | $456.1M | $506.6M | $367.5M | $614.4M |
| Income Tax | $4.7M | $9.3M | $17.5M | $9.8M | $4.5M | $21.3M |
| Net Income | $243.4M | $388.1M | $438.6M | $495.8M | $361.9M | $587.2M |
| Diluted EPS | $2.41 | $3.83 | $4.31 | $4.85 | $3.52 | $5.77 |
Lamar Advertising Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $585.5M | $595.9M | $528.0M | $616.7M |
| Net Income | $141.8M | $152.3M | $101.3M | $160.7M |
| Diluted EPS | $1.40 | $1.50 | $1.00 | $1.58 |
Lamar Advertising Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $121.6M | $99.8M | $52.6M | $44.6M | $49.5M | $64.8M |
| Current Assets | $380.6M | $388.6M | $364.6M | $373.2M | $425.3M | $459.7M |
| Total Assets | $5.79B | $6.05B | $6.48B | $6.56B | $6.59B | $6.93B |
| Current Liabilities | $547.9M | $663.0M | $726.0M | $713.9M | $778.5M | $794.0M |
| Total Long-Term Debt | $2.89B | $3.01B | $3.31B | $3.34B | $3.21B | $3.42B |
| Total Liabilities | $4.59B | $4.83B | $5.28B | $5.35B | $5.54B | $5.91B |
| Shareholders' Equity | $1.20B | $1.22B | $1.20B | $1.22B | $1.05B | $1.02B |
Lamar Advertising Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $569.9M | $734.4M | $781.6M | $783.6M | $873.6M | $864.0M |
| Cash From Investing | -$96.9M | -$461.8M | -$619.1M | -$310.1M | -$164.9M | -$244.6M |
| Cash From Financing | -$377.9M | -$294.5M | -$209.3M | -$481.6M | -$703.4M | -$604.3M |
| Free Cash Flow | $507.6M | $608.3M | $614.5M | $605.3M | $748.3M | $683.2M |
Figures from Lamar Advertising's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lamar Advertising financials page for every line item.
Lamar Advertising Company Profile
| Ticker | LAMR |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate Investment Trusts |
| Headquarters | Baton Rouge, Louisiana |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001090425 |
Frequently Asked Questions
What was Lamar Advertising's revenue in fiscal 2025?
Lamar Advertising (LAMR) reported revenue of $2.27B for fiscal 2025.
What is Lamar Advertising's annual revenue history?
Lamar Advertising's annual revenue by fiscal year: 2020: $1.57B; 2021: $1.79B; 2022: $2.03B; 2023: $2.11B; 2024: $2.21B; 2025: $2.27B.
What was Lamar Advertising's net income in fiscal 2025?
Lamar Advertising reported net income of $587.2M for fiscal 2025.
What was Lamar Advertising's earnings per share (EPS) in fiscal 2025?
Lamar Advertising's diluted EPS was $5.77 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lamar Advertising generate in fiscal 2025?
Lamar Advertising generated $683.2M of free cash flow in fiscal 2025.
What was Lamar Advertising's revenue last quarter?
In its most recent reported quarter (2026 Q2), Lamar Advertising reported revenue of $616.7M.
How much debt does Lamar Advertising have?
Lamar Advertising reported $3.42B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Lamar Advertising are outstanding?
Lamar Advertising reported a weighted average of 101.5 million basic shares outstanding in 2026 Q2.
What is Lamar Advertising's market cap?
Based on its latest closing price, Lamar Advertising (LAMR) has a market capitalization of about $14.88B.
When does Lamar Advertising's fiscal year end?
Lamar Advertising's fiscal year end, as registered with the SEC, is December 31.
Where is Lamar Advertising headquartered?
Lamar Advertising lists its business address in Baton Rouge, Louisiana in its SEC filings.