Valuation, from the filing
| Public float | $10.18B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float / net income | 17.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 4.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 9.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
17.3× earnings today, against a median of 18.6× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $10.18B | 17.3× | |
| 2024-06-28 | $10.32B | 28.5× | |
| 2023-06-30 | $8.54B | 17.2× | |
| 2022-06-30 | $7.55B | 17.2× | |
| 2021-06-30 | $8.94B | 23.0× | |
| 2020-06-30 | $5.69B | 23.4× | |
| 2019-06-28 | $6.88B | 18.5× | |
| 2018-06-29 | $5.73B | 18.8× | |
| 2017-06-30 | $6.12B | 19.3× | |
| 2016-06-30 | $5.45B | 18.2× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Long-term debt / equity | 3.09x | 85th | |
| Effective tax rate | 3.5% | 68th | |
| Net margin | 25.9% | 68th | |
| Operating margin | 34.2% | 63th | |
| Current ratio | 0.58x | 38th | |
| CapEx / revenue | 8.0% | 42th | |
| FCF margin | 30.1% | 58th | |
| SBC / revenue | 1.5% | 42th | |
| Gross margin | 67.0% | 58th | |
| Revenue YoY growth | 2.7% | 48th |
LAMAR ADVERTISING CO/NEW (LAMR) reported revenue of $2.33B and net income of $556.08M for the fiscal year ended 2026-06-30. This page shows 1 annual period 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 | 2026-06-30 |
|---|---|
| Revenue | $2.33B |
| Cost of revenue | $757.62M |
| Gross profit | $1.57B |
| Operating income | $739.17M |
| Net income | $556.08M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $576.50M |
| Income tax expense | $11.19M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $378.25M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $67.95M |
| Total assets | $6.99B |
| Current assets | $493.71M |
| Total liabilities | $6.00B |
| Current liabilities | $787.13M |
| Total equity incl. NCI | $995.47M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $377.54M |
| Goodwill | $2.11B |
| Long-term debt | $3.26B |
| Accounts payable | $16.87M |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $906.62M |
| Capital expenditures | $188.57M |
| Investing cash flow | -$373.40M |
| Financing cash flow | -$520.83M |
| Net change in cash | $12.22M |
| Stock-based compensation | $41.50M |
| Common dividends paid | $665.33M |
| Common share repurchases | $6.08M |
| Depreciation & amortization | $336.79M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $718.05M |
| Gross margin | 67.4% |
| Operating margin | 31.8% |
| FCF margin | 30.9% |
| SBC / revenue | 1.8% |
| Current ratio | 0.63x |
| Revenue YoY growth | 4.4% |
| Net margin | 23.9% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 8.1% |
| Long-term debt / equity | 3.28x |
| Effective tax rate | 1.9% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.