Revenue
$2.27B
Fiscal year ended 2025-12-31Operating income
$774.06M
Fiscal year ended 2025-12-31Free cash flow
$683.25M
Fiscal year ended 2025-12-31LAMAR ADVERTISING CO/NEW (LAMR) reported revenue of $2.27B and net income of $587.15M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from LAMAR ADVERTISING CO/NEW’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B | $1.57B | $1.75B | $1.63B | $1.54B | $1.50B |
| Cost of revenue | $746.86M | $727.88M | $696.80M | $667.29M | $576.51M | $557.66M | $590.08M | $561.85M | $540.88M | $525.60M |
| Gross profit | $1.52B | $1.48B | $1.41B | $1.36B | $1.21B | $1.01B | $1.16B | $1.07B | $1.00B | $974.70M |
| Operating income | $774.06M | $532.04M | $675.43M | $578.00M | $521.19M | $410.11M | $517.74M | $460.56M | $455.37M | $439.04M |
| Net income | $587.15M | $361.87M | $495.76M | $438.65M | $388.09M | $243.39M | $372.11M | $305.23M | $317.68M | $298.81M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 101.63M | shares 102.56M | shares 102.11M | shares 101.63M | shares 101.35M | shares 100.90M | shares 100.32M | shares 99.09M | shares 98.37M | shares 97.69M |
| Pretax income | $614.40M | $367.47M | $506.62M | $456.10M | $397.35M | $248.05M | $367.89M | $315.93M | $326.91M | $312.16M |
| Income tax expense | $21.33M | $4.53M | $9.78M | $17.45M | $9.26M | $4.66M | -$4.22M | $10.70M | $9.23M | $13.36M |
| Diluted EPS | $5.77 | $3.52 | $4.85 | $4.31 | $3.83 | $2.41 | $3.71 | $3.08 | $3.23 | $3.05 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $368.75M | $361.13M | $344.78M | $350.62M | $326.95M | $287.87M | $318.38M | $289.43M | $276.23M | $269.42M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $64.81M | $49.46M | $44.60M | $52.62M | $99.79M | $121.57M | $26.19M | $21.49M | $115.47M | $35.53M |
| Total assets | $6.93B | $6.59B | $6.56B | $6.48B | $6.05B | $5.79B | $5.94B | $4.54B | $4.21B | $3.90B |
| Current assets | $459.72M | $425.27M | $373.19M | $364.55M | $388.61M | $380.57M | $310.17M | $363.67M | $420.52M | $314.25M |
| Total liabilities | $5.91B | $5.54B | $5.35B | $5.28B | $4.83B | $4.59B | $4.76B | $3.41B | $3.11B | $2.83B |
| Current liabilities | $794.04M | $778.47M | $713.90M | $726.04M | $662.96M | $547.87M | $672.81M | $455.04M | $325.99M | $277.32M |
| Total equity incl. NCI | $1.02B | $1.05B | $1.22B | $1.20B | $1.22B | $1.20B | $1.18B | $1.13B | $1.10B | $1.07B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $341.22M | $334.80M | $301.19M | $285.04M | $269.92M | $240.85M | $254.93M | $235.58M | $201.70M | $189.94M |
| Goodwill | $2.11B | $2.04B | $2.04B | $2.04B | $1.94B | $1.91B | $1.91B | $1.92B | $1.74B | $1.73B |
| Long-term debt | $3.17B | $2.96B | $3.09B | $3.06B | $2.84B | $2.76B | $2.75B | $2.68B | $2.54B | $2.32B |
| Accounts payable | $16.47M | $21.59M | $18.24M | $19.64M | $16.43M | $12.02M | $14.97M | $21.25M | $17.96M | $17.65M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $864.05M | $873.61M | $783.61M | $781.61M | $734.42M | $569.87M | $630.86M | $564.85M | $507.02M | $521.82M |
| Capital expenditures | $180.80M | $125.28M | $178.27M | $167.08M | $126.09M | $62.27M | $140.96M | $117.64M | $109.33M | $107.61M |
| Investing cash flow | -$244.63M | -$164.91M | -$310.12M | -$619.07M | -$461.76M | -$96.89M | -$362.03M | -$584.15M | -$400.07M | -$680.98M |
| Financing cash flow | -$604.32M | -$703.42M | -$481.64M | -$209.32M | -$294.52M | -$377.92M | -$264.36M | -$73.56M | -$28.64M | $171.91M |
| Net change in cash | $15.35M | $4.86M | -$8.01M | -$47.17M | -$21.78M | $95.38M | $4.69M | -$93.98M | $79.94M | $13.20M |
| Stock-based compensation | $33.96M | $44.52M | $22.65M | $23.14M | $37.37M | $18.77M | $29.65M | $29.44M | $9.60M | $28.56M |
| Common dividends paid | $656.22M | $579.21M | $510.62M | $508.61M | $405.17M | $252.31M | $385.18M | $443.09M | $244.20M | $293.96M |
| Common share repurchases | $157.92M | $5.34M | $5.99M | $10.51M | $6.07M | $10.49M | $8.88M | $4.11M | $9.00M | $6.20M |
| Depreciation & amortization | $326.33M | $462.97M | $293.42M | $349.45M | $271.29M | $251.30M | $250.03M | $225.26M | $211.10M | $204.96M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $683.25M | $748.33M | $605.34M | $614.53M | $608.33M | $507.60M | $489.91M | $447.21M | $397.69M | $414.21M |
| Gross margin | 67.0% | 67.0% | 67.0% | 67.2% | 67.7% | 64.5% | 66.4% | 65.5% | 64.9% | 65.0% |
| Operating margin | 34.2% | 24.1% | 32.0% | 28.4% | 29.2% | 26.1% | 29.5% | 28.3% | 29.5% | 29.3% |
| FCF margin | 30.1% | 33.9% | 28.7% | 30.2% | 34.0% | 32.4% | 27.9% | 27.5% | 25.8% | 27.6% |
| SBC / revenue | 1.5% | 2.0% | 1.1% | 1.1% | 2.1% | 1.2% | 1.7% | 1.8% | 0.6% | 1.9% |
| Current ratio | 0.58x | 0.55x | 0.52x | 0.50x | 0.59x | 0.69x | 0.46x | 0.80x | 1.29x | 1.13x |
| Revenue YoY growth | 2.7% | 4.6% | 3.9% | 13.7% | 13.9% | -10.5% | 7.8% | 5.6% | 2.7% | Unavailable |
| Net margin | 25.9% | 16.4% | 23.5% | 21.6% | 21.7% | 15.5% | 21.2% | 18.8% | 20.6% | 19.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 8.0% | 5.7% | 8.4% | 8.2% | 7.1% | 4.0% | 8.0% | 7.2% | 7.1% | 7.2% |
| Long-term debt / equity | 3.09x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 3.5% | 1.2% | 1.9% | 3.8% | 2.3% | 1.9% | -1.1% | 3.4% | 2.8% | 4.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LAMR in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.