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LAMAR ADVERTISING CO/NEW

LAMR Clue Score47
United States Fiscal year ends December CIK 0001090425
$146.47 +0.53% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $146.47 +24.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,500.3Operating income439.0Net income298.8EPS, diluted3.05Fiscal year 2017Revenue1,541.3 +2.7%Operating income455.4Net income317.7 +6.3%EPS, diluted3.23 +5.9%Fiscal year 2018Revenue1,627.2 +5.6%Operating income460.6Net income305.2 −3.9%EPS, diluted3.08 −4.6%Fiscal year 2019Revenue1,753.6 +7.8%Operating income517.7Net income372.1 +21.9%EPS, diluted3.71 +20.5%Fiscal year 2020Revenue1,568.9 −10.5%Operating income410.1Net income243.4 −34.6%EPS, diluted2.41 −35.0%Fiscal year 2021Revenue1,787.4 +13.9%Operating income521.2Net income388.1 +59.5%EPS, diluted3.83 +58.9%Fiscal year 2022Revenue2,032.1 +13.7%Operating income578.0Net income438.6 +13.0%EPS, diluted4.31 +12.5%Fiscal year 2023Revenue2,111.0 +3.9%Operating income675.4Net income495.8 +13.0%EPS, diluted4.85 +12.5%Fiscal year 2024Revenue2,207.1 +4.6%Operating income532.0Net income361.9 −27.0%EPS, diluted3.52 −27.4%Fiscal year 2025Revenue2,266.2 +2.7%Operating income774.1Net income587.2 +62.3%EPS, diluted5.77 +63.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,500.3 1,541.3 1,627.2 1,753.6 1,568.9 1,787.4 2,032.1 2,111.0 2,207.1 2,266.2
Growth +2.7% +5.6% +7.8% −10.5% +13.9% +13.7% +3.9% +4.6% +2.7%
Operating income 439.0 455.4 460.6 517.7 410.1 521.2 578.0 675.4 532.0 774.1
Net income 298.8 317.7 305.2 372.1 243.4 388.1 438.6 495.8 361.9 587.2
Growth +6.3% −3.9% +21.9% −34.6% +59.5% +13.0% +13.0% −27.0% +62.3%
EPS, diluted 3.05 3.23 3.08 3.71 2.41 3.83 4.31 4.85 3.52 5.77
Growth +5.9% −4.6% +20.5% −35.0% +58.9% +12.5% +12.5% −27.4% +63.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin29.3%Net margin19.9%Free cash flow margin27.6%Fiscal year 2017Operating margin29.5%Net margin20.6%Free cash flow margin25.8%Fiscal year 2018Operating margin28.3%Net margin18.8%Free cash flow margin27.5%Fiscal year 2019Operating margin29.5%Net margin21.2%Free cash flow margin27.9%Fiscal year 2020Operating margin26.1%Net margin15.5%Free cash flow margin32.4%Fiscal year 2021Operating margin29.2%Net margin21.7%Free cash flow margin34.0%Fiscal year 2022Operating margin28.4%Net margin21.6%Free cash flow margin30.2%Fiscal year 2023Operating margin32.0%Net margin23.5%Free cash flow margin28.7%Fiscal year 2024Operating margin24.1%Net margin16.4%Free cash flow margin33.9%Fiscal year 2025Operating margin34.2%Net margin25.9%Free cash flow margin30.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 29.3% 29.5% 28.3% 29.5% 26.1% 29.2% 28.4% 32.0% 24.1% 34.2%
Net margin 19.9% 20.6% 18.8% 21.2% 15.5% 21.7% 21.6% 23.5% 16.4% 25.9%
Free cash flow margin 27.6% 25.8% 27.5% 27.9% 32.4% 34.0% 30.2% 28.7% 33.9% 30.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow521.8Capital expenditure−107.6Free cash flow414.2Buybacks−6.2Fiscal year 2017Operating cash flow507.0Capital expenditure−109.3Free cash flow397.7 −4.0%Buybacks−9.0Fiscal year 2018Operating cash flow564.8Capital expenditure−117.6Free cash flow447.2 +12.5%Buybacks−4.1Fiscal year 2019Operating cash flow630.9Capital expenditure−141.0Free cash flow489.9 +9.5%Buybacks−8.9Fiscal year 2020Operating cash flow569.9Capital expenditure−62.3Free cash flow507.6 +3.6%Buybacks−10.5Fiscal year 2021Operating cash flow734.4Capital expenditure−126.1Free cash flow608.3 +19.8%Buybacks−6.1Fiscal year 2022Operating cash flow781.6Capital expenditure−167.1Free cash flow614.5 +1.0%Buybacks−10.5Fiscal year 2023Operating cash flow783.6Capital expenditure−178.3Free cash flow605.3 −1.5%Buybacks−6.0Fiscal year 2024Operating cash flow873.6Capital expenditure−125.3Free cash flow748.3 +23.6%Buybacks−5.3Fiscal year 2025Operating cash flow864.0Capital expenditure−180.8Free cash flow683.2 −8.7%Buybacks−157.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 521.8 507.0 564.8 630.9 569.9 734.4 781.6 783.6 873.6 864.0
Capital expenditure −107.6 −109.3 −117.6 −141.0 −62.3 −126.1 −167.1 −178.3 −125.3 −180.8
Free cash flow 414.2 397.7 447.2 489.9 507.6 608.3 614.5 605.3 748.3 683.2
Growth −4.0% +12.5% +9.5% +3.6% +19.8% +1.0% −1.5% +23.6% −8.7%
Buybacks −6.2 −9.0 −4.1 −8.9 −10.5 −6.1 −10.5 −6.0 −5.3 −157.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash35.5Total debt2,349.2Net cash (debt)−2,313.7Shareholders’ equity1,069.5Debt to equity2.20Fiscal year 2017Cash115.5Total debt2,556.7Net cash (debt)−2,441.2Shareholders’ equity1,103.5Debt to equity2.32Fiscal year 2018Cash21.5Total debt2,888.7Net cash (debt)−2,867.2Shareholders’ equity1,131.8Debt to equity2.55Fiscal year 2019Cash26.2Total debt2,980.1Net cash (debt)−2,953.9Shareholders’ equity1,180.3Debt to equity2.52Fiscal year 2020Cash121.6Total debt2,886.5Net cash (debt)−2,764.9Shareholders’ equity1,202.8Debt to equity2.40Fiscal year 2021Cash99.8Total debt3,013.6Net cash (debt)−2,913.8Shareholders’ equity1,217.1Debt to equity2.48Fiscal year 2022Cash52.6Total debt3,312.8Net cash (debt)−3,260.2Shareholders’ equity1,195.4Debt to equity2.77Fiscal year 2023Cash44.6Total debt3,341.1Net cash (debt)−3,296.5Shareholders’ equity1,216.8Debt to equity2.75Fiscal year 2024Cash49.5Total debt3,210.9Net cash (debt)−3,161.4Shareholders’ equity1,048.0Debt to equity3.06Fiscal year 2025Cash64.8Total debt3,418.9Net cash (debt)−3,354.1Shareholders’ equity1,024.8Debt to equity3.34
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 35.5 115.5 21.5 26.2 121.6 99.8 52.6 44.6 49.5 64.8
Total debt 2,349.2 2,556.7 2,888.7 2,980.1 2,886.5 3,013.6 3,312.8 3,341.1 3,210.9 3,418.9
Net cash (debt) −2,313.7 −2,441.2 −2,867.2 −2,953.9 −2,764.9 −2,913.8 −3,260.2 −3,296.5 −3,161.4 −3,354.1
Shareholders’ equity 1,069.5 1,103.5 1,131.8 1,180.3 1,202.8 1,217.1 1,195.4 1,216.8 1,048.0 1,024.8
Debt to equity 2.20 2.32 2.55 2.52 2.40 2.48 2.77 2.75 3.06 3.34

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,500.3 1,541.3 1,627.2 1,753.6 1,568.9 1,787.4 2,032.1 2,111.0 2,207.1 2,266.2
Growth +2.7% +5.6% +7.8% −10.5% +13.9% +13.7% +3.9% +4.6% +2.7%
525.6 540.9 561.8 590.1 557.7 576.5 667.3 696.8 727.9 746.9
269.4 276.2 289.4 318.4 287.9 327.0 350.6 344.8 361.1 368.7
439.0 455.4 460.6 517.7 410.1 521.2 578.0 675.4 532.0 774.1
Growth +3.7% +1.1% +12.4% −20.8% +27.1% +10.9% +16.9% −21.2% +45.5%
312.2 326.9 315.9 367.9 248.0 397.3 456.1 506.6 367.5 614.4
13.4 9.2 10.7 −4.2 4.7 9.3 17.5 9.8 4.5 21.3
298.8 317.7 305.2 372.1 243.4 388.1 438.6 495.8 361.9 587.2
Growth +6.3% −3.9% +21.9% −34.6% +59.5% +13.0% +13.0% −27.0% +62.3%
Per share
3.07 3.24 3.09 3.71 2.41 3.83 4.32 4.86 3.54 5.78
3.05 3.23 3.08 3.71 2.41 3.83 4.31 4.85 3.52 5.77
Growth +5.9% −4.6% +20.5% −35.0% +58.9% +12.5% +12.5% −27.4% +63.9%
97.1 97.9 98.8 100.1 100.8 101.1 101.5 101.9 102.3 101.6
97.7 98.4 99.1 100.3 100.9 101.3 101.6 102.1 102.6 101.6
Growth +0.7% +0.7% +1.2% +0.6% +0.4% +0.3% +0.5% +0.4% −0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.6% a year over five years, and earnings per share grew 19.1% a year.
  • The share count barely moved in five years.
  • Operating margin is up 8.0 points on five years ago, at 34.2%.
  • Profitable in every one of the 10 years on file.