15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.6% per year over the past 5 years.
Net income has grown faster than revenue (19.3% vs 7.6% per year).
Operating margin has expanded, at 34.2% in the latest year.
Free cash flow has grown 6.1% per year over the past 5 years.
Financial health
Total debt ($3.4B) exceeds cash ($65M); net debt is $3.4B.
Total debt has grown slower than revenue (3.4% vs 7.6% per year).
Operating income covered interest expense 4.8× in the latest year.
Total debt is 3.1× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.3B
$587M
67.0%
34.2%
$683M
$3.4B
$65M
2024
$2.2B
$362M
67.0%
24.1%
$748M
$3.2B
$49M
2023
$2.1B
$496M
67.0%
32.0%
$605M
$3.3B
$45M
2022
$2.0B
$439M
67.2%
28.4%
$615M
$3.3B
$53M
2021
$1.8B
$388M
67.7%
29.2%
$608M
$3.0B
$100M
2020
$1.6B
$243M
64.5%
26.1%
$508M
$2.9B
$122M
2019
$1.8B
$372M
66.4%
29.5%
$490M
$3.0B
$26M
2018
$1.6B
$305M
65.5%
28.3%
$447M
$2.9B
$21M
2017
$1.5B
$318M
64.9%
29.5%
$398M
$2.6B
$115M
2016
$1.5B
$299M
65.0%
29.3%
$414M
$2.3B
$36M
2015
—
$263M
—
—
—
$1.9B
$22M
2014
—
$254M
—
—
—
$1.9B
$26M
2013
—
$40M
—
—
$289M
$1.9B
$33M
2012
—
$8M
—
—
$270M
$2.2B
$59M
2011
—
$7M
—
—
$212M
$2.2B
$34M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$528M
$101M
65.3%
27.7%
$114M
$3.5B
$39M
Dec '25
$596M
$152M
67.7%
32.9%
$208M
$3.4B
$65M
Sep '25
$586M
$142M
67.9%
32.3%
$186M
$3.3B
$22M
Jun '25
$579M
$154M
67.8%
34.1%
$191M
$3.4B
$56M
Mar '25
$505M
$139M
64.4%
37.8%
$98M
$3.2B
$36M
Dec '24
$580M
-$1M
67.8%
6.3%
$236M
$3.2B
$49M
Sep '24
$564M
$147M
67.6%
33.1%
$197M
$3.2B
$30M
Jun '24
$565M
$137M
67.6%
32.6%
$234M
$3.3B
$78M
Mar '24
$498M
$78M
64.7%
25.0%
$81M
$3.4B
$36M
Dec '23
$556M
$149M
67.4%
34.5%
$208M
$3.3B
$45M
Sep '23
$543M
$140M
67.7%
34.7%
$183M
$3.4B
$39M
Jun '23
$541M
$131M
68.3%
32.7%
$147M
$3.4B
$48M
Mar '23
$471M
$76M
64.3%
25.2%
$66M
$3.4B
$34M
Dec '22
$536M
$66M
67.5%
20.6%
$194M
$3.3B
$53M
Sep '22
$527M
$146M
68.0%
34.3%
$183M
$3.2B
$79M
Jun '22
$518M
$134M
67.8%
32.2%
$164M
$3.2B
$92M
Mar '22
$451M
$92M
65.0%
26.7%
$73M
$3.1B
$116M
Dec '21
$495M
$123M
68.1%
30.3%
$192M
$3.0B
$100M
Sep '21
$477M
$107M
69.1%
28.0%
$173M
$2.8B
$88M
Jun '21
$445M
$120M
68.4%
33.5%
$177M
$2.8B
$69M
Valuation over time
How the market has priced LAMR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 23.1× (Mar '23) to 26.7× (Jun '26).
The price-to-sales ratio has risen from 5.0× (Mar '23) to 6.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is LAMR growing its revenue and profit?
Over the past 5 years, Lamar Advertising Co/New's revenue has grown 7.6% per year, and net income grown 19.3% per year. These are computed facts, not advice.
How much debt does LAMR have?
As of FY2025, Lamar Advertising Co/New reported $3.4B of total debt against $65M of cash; operating income covered interest expense 4.8×.
What is LAMR's profit margin?
In FY2025, gross margin was 67.0%, operating margin 34.2%, and net margin 25.9%.
What is LAMR's P/E ratio?
As of Jun '26, Lamar Advertising Co/New traded at a price-to-earnings ratio of about 26.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.