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) Operating margin

Alert me on Operating margin

Lamar Advertising Company's operating margin over the twelve months to 30 September 2026 was 32.1%, down 2.0 percentage points from fiscal 2025 (34.2%). Over the past ten years it has ranged from 24.1% (fiscal 2024) to 34.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 20.7% and above the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 34.2% 10.05
FY2024 24.1% (7.89)
FY2023 32.0% 3.56
FY2022 28.4% (0.72)
FY2021 29.2% 3.02
FY2020 26.1% (3.38)
FY2019 29.5% 1.22
FY2018 28.3% (1.25)
FY2017 29.6% 0.29
FY2016 29.3% 0.96

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 33.5% (0.18)
Jun 2026 33.7% 6.06
Mar 2026 27.7% (5.24)
Dec 2025 32.9% 0.61
43 more quarters

Against its own ten years

Low 24.1% High 34.2%
Ten-year median 29.2%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
GLPI Gaming and Leisure Properties, Inc. compare 79.1%
EPR EPR Properties compare 59.0%
SBAC SBA Communications Corporation compare 47.7%
CCI Crown Castle Inc. compare 47.1%
LAMR Lamar Advertising Company 32.1%
OUT OUTFRONT Media Inc. compare 20.5%
IRM Iron Mountain Incorporated compare 19.5%
WY Weyerhaeuser Company compare 11.7%
RYN Rayonier Inc. compare 5.96%
Reit Specialty industry median 20.7%
Real Estate sector median 17.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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