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) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Billboard 2,014 88.86%
Other 252 11.14%
Gross margin 67.04%
Operating margin 34.16%
Pre-tax margin 27.11%

Revenue by segment $m

Line FY2025 FY2024 FY2023 FY2022
Billboard 2,014 1,956 1,878 1,814
Other 252 251 233 218
Revenue 2,266 2,207 2,111 2,032

Operating figures as reported in each quarter’s results release or filing

Figure Quarter Latest A year before Change
Acquisition-adjusted net revenue growth Q3 FY2026 6.20% 2.90% —
AFFO a share Q3 FY2026 $2.41 $2.20 +9.55%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.