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) Free cash flow margin

Alert me on Free cash flow margin

Lamar Advertising Company's free cash flow margin over the twelve months to 30 September 2026 was 34.1%, down 1.7 percentage points from fiscal 2025 (35.8%). Over the past ten years it has ranged from 26.2% (fiscal 2017) to 35.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 30.7% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 35.8% 1.60
FY2024 34.2% 5.15
FY2023 29.0% (2.00)
FY2022 31.0% (3.39)
FY2021 34.4% 1.35
FY2020 33.1% 4.80
FY2019 28.3% 0.36
FY2018 27.9% 1.69
FY2017 26.2% (2.19)
FY2016 28.4% 0.49

Against its own ten years

Low 26.2% High 35.8%
Ten-year median 29.0%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
CCI Crown Castle Inc. compare 46.1%
SBAC SBA Communications Corporation compare 45.5%
LAMR Lamar Advertising Company 34.1%
GLPI Gaming and Leisure Properties, Inc. compare 31.1%
OUT OUTFRONT Media Inc. compare 15.1%
WY Weyerhaeuser Company compare 4.19%
IRM Iron Mountain Incorporated compare −6.73%
EPR EPR Properties compare −27.9%
RYN Rayonier Inc. compare −48.4%
Reit Specialty industry median 30.7%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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