Lamar Advertising Co financials
$145.96+0.64%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B | $1.57B | $1.75B | $1.63B | $1.54B | $1.50B |
| Gross profit | $1.52B | $1.48B | $1.41B | $1.36B | $1.21B | $1.01B | $1.16B | $1.07B | $1.00B | $974.7M |
| Gross margin | 67.0% | 67.0% | 67.0% | 67.2% | 67.7% | 64.5% | 66.4% | 65.5% | 64.9% | 65.0% |
| Operating income | $698.1M | $526.0M | $670.0M | $562.3M | $519.1M | $401.1M | $510.5M | $467.8M | $450.7M | $423.9M |
| Net income | $586.8M | $361.5M | $495.4M | $438.3M | $387.7M | $243.0M | $371.7M | $304.9M | $317.3M | $298.4M |
| Net margin | 25.9% | 16.4% | 23.5% | 21.6% | 21.7% | 15.5% | 21.2% | 18.7% | 20.6% | 19.9% |
| Diluted EPS | $5.77 | $3.52 | $4.85 | $4.31 | $3.83 | $2.41 | $3.71 | $3.08 | $3.23 | $3.05 |
| EBITDA | $1.02B | $989.0M | $963.4M | $911.7M | $790.4M | $652.4M | $760.5M | $693.0M | $661.8M | $628.9M |
| Operating cash flow | $864.0M | $873.6M | $783.6M | $781.6M | $734.4M | $569.9M | $630.9M | $564.9M | $507.5M | $521.8M |
| Free cash flow | $683.2M | $748.3M | $605.3M | $614.5M | $608.3M | $507.6M | $489.9M | $447.2M | $398.2M | $414.2M |
| Diluted shares | 101.6M | 102.6M | 102.1M | 101.6M | 101.3M | 100.9M | 100.3M | 99.1M | 98.4M | 97.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $64.8M | $49.5M | $44.6M | $52.6M | $99.8M | $121.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.43B | $3.23B | $3.36B | $3.33B | $3.03B | $2.91B |
| Total assets | $6.93B | $6.59B | $6.56B | $6.48B | $6.05B | $5.79B |
| Total liabilities | $5.91B | $5.54B | $5.35B | $5.28B | $4.83B | $4.59B |
| Shareholders' equity | $1.02B | $1.05B | $1.22B | $1.20B | $1.22B | $1.20B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology