Lamar Advertising Company

LAMR Real Estate Reit Specialty

Lamar Advertising Company’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 2.68% from fiscal 2024.

Revenue
+6.65%
EPS
+13.6%
Free cash flow
+35.4%
Total debt
+4.50%

Quarter to September 2026, against a year earlier

157.35 1.23 −0.78%
Market cap
$16.0B
P/E
27.8×
Fwd P/E
26.7×
Dividend yield
3.08%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Lamar Advertising Company (LAMR) Debt to equity

Alert me on Debt to equity

Lamar Advertising Company's debt to equity at the end of the quarter to 30 September 2026 was 3.4×, up 0.1× from fiscal 2025 (3.3×). Over the past ten years it has ranged from 1.9× (fiscal 2015) to 3.3× (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 0.6× and above the Real Estate sector median of 0.7×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 3.3× 8.83%
FY2024 3.1× 11.55%
FY2023 2.8× (0.96%)
FY2022 2.8× 11.82%
FY2021 2.5× 3.10%
FY2020 2.4× (4.34%)
FY2019 2.5× (1.07%)
FY2018 2.6× 10.16%
FY2017 2.3× 5.48%
FY2016 2.2× 18.58%

Quarterly newest first

Period Debt to equity Change
Sep 2026 3.4× (3.95%)
Jun 2026 3.5× (0.85%)
Mar 2026 3.6× 6.70%
Dec 2025 3.3× 4.17%
43 more quarters

Against its own ten years

Low 1.9× High 3.3×
Ten-year median 2.5×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
IRM Iron Mountain Incorporated compare −16.9×
CCI Crown Castle Inc. compare −5.2×
SBAC SBA Communications Corporation compare −2.7×
RYN Rayonier Inc. compare 0.4×
WY Weyerhaeuser Company compare 0.6×
EPR EPR Properties compare 1.4×
GLPI Gaming and Leisure Properties, Inc. compare 1.5×
LAMR Lamar Advertising Company 3.4×
OUT OUTFRONT Media Inc. compare 3.6×
Reit Specialty industry median 0.6×
Real Estate sector median 0.7×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on LAMR