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NASDAQ · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Lamar Advertising Co. LAMR

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.3B
▲ 2.7% YoY
$587.2M
▲ 62.3% YoY
$683.2M
▼ 8.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It manages its business through three operating segments: billboard, logo and transit advertising. As of December 31, 2025, it owned and operated approximately 159,300 billboard advertising displays in 45 states and Canada, including approximately 5,500 digital billboard advertising displays in 43 states and Canada. As of December 31, 2025, it operated over 144,400 logo sign advertising displays in 24 states and the province of Ontario, Canada. As of December 31, 2025, it operated approximately 40,600 transit advertising displays in 23 states and Canada. It has operated under the Lamar name since its founding in 1902 and has been publicly traded on NASDAQ under the symbol "LAMR" since 1996. During 2014, it completed a reorganization to qualify as a real estate investment trust for federal income tax purposes.

Written from the business description in LAMAR ADVERTISING CO/NEW's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income 0.6
1B2B
2008201120142017202020232025
Compound annual growth
+3.7%
+7.6%
+10.2%
+19.3%
+8.4%
+10.2%
+19.1%
+7.8%
+8.9%
+20.9%
+8.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.6% a year over the five years to FY2025 — but profit grew faster: net income at +19.3%, earnings per share at +19.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

26 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 34.2% · Net 26.2%
10%20%30%
200820162025
ROE
FY2025 · ROE 56.7%
20%40%-2%-4%-6%
200820162025
Three returns, three denominators.

Each USD of equity produced 57 cents of profit this year.

Cash & shareholders

USD 140.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 683.2
300M600M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 140.2
50.0M100.0M-25.0M-50.0M
2008201120142017202020232025

USD 140.2M in buybacks — 24% of the year's profit went back to shareholders.

Total assetsUSD 6.9B
CashUSD 64.8M
Gross debtUSD 3.4B
Net debtUSD 3.4B
Current ratio0.58×

Net debt stands at 327% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
LAMR, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B2.32.22.12.01.81.61.81.61.51.5◌◌◌◌◌◌◌◌
Operating income $B0.80.50.70.60.50.40.50.50.50.40.40.30.20.20.20.10.10.2
EBITDA $B1.11.01.00.90.80.70.80.70.70.60.60.50.50.50.50.50.40.5
Income tax $B0.00.00.00.00.00.0−0.00.00.00.00.0−0.10.00.00.0−0.0−0.00.0
Net income $B0.60.40.50.40.40.20.40.30.30.30.30.30.00.00.0−0.0−0.10.0
Free cash flow $B0.70.70.60.60.60.50.50.40.40.40.40.30.30.30.20.30.30.1
EPS, diluted $5.773.524.854.313.832.413.713.083.233.052.722.660.420.080.07−0.44−0.640.02
Dividend / sh $6.455.655.005.004.002.503.843.653.323.022.752.50◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %56.732.041.136.432.120.432.227.329.228.626.226.54.50.90.8−4.9−6.80.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Nine checks were skipped: revenue is not tagged before 2016. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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