Lamar Advertising Company (LAMR) Income Statement
LAMR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLAMR revenue and net income
Where LAMR's revenue goes
2025Each bar shows an amount and its share of revenue. LAMR kept 25.9% of revenue as net income.
LAMR profit margins
LAMR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.7% | +3.7% | +7.6% | +5.3% |
| Gross profit | −41.4% | −14.1% | −3.0% | −0.2% |
| Operating income | +31.2% | +6.5% | +11.2% | +6.2% |
| Net income | +62.3% | +10.2% | +19.3% | +8.4% |
| EPS (diluted) | +45.6% | +5.8% | +14.0% | +6.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LAMR quarterly EPS vs estimates
Lamar Advertising beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.23).
LAMR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B | $1.57B | $1.75B | $1.63B | $1.54B | $1.50B |
| Cost of revenue | $1.40B | $727.9M | $696.8M | $667.3M | $576.5M | $557.7M | $590.1M | $561.8M | $540.9M | $525.6M |
| Gross profit | $866.5M | $1.48B | $1.41B | $1.36B | $1.21B | $1.01B | $1.16B | $1.07B | $1.00B | $974.7M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $354.0M | $361.1M | $356.8M | $350.6M | $327.0M | $358.8M | $403.0M | $372.3M | $338.6M | $345.8M |
| Total operating expenses | $168.4M | $947.2M | $738.8M | $786.9M | $689.7M | $601.1M | $645.8M | $604.8M | $545.0M | $535.7M |
| Operating income | $698.1M | $532.0M | $675.4M | $578.0M | $521.2M | $410.1M | $517.7M | $460.6M | $455.4M | $439.0M |
| Interest income | $2.6M | $2.3M | $2.1M | $1.3M | $763,000 | $797,000 | $764,000 | $534,000 | $6,000 | $6,000 |
| Interest expense | $160.4M | $171.7M | $174.5M | $127.5M | $106.4M | $137.6M | $150.6M | $129.7M | $128.4M | $123.7M |
| Income before taxes | $614.4M | $367.5M | $506.6M | $456.1M | $397.3M | $248.0M | $367.9M | $315.9M | $326.9M | $312.2M |
| Income taxes | $21.3M | $4.5M | $9.8M | $17.5M | $9.3M | $4.7M | −$4.2M | $10.7M | $9.2M | $13.4M |
| Net income | $587.2M | $361.9M | $495.8M | $438.6M | $388.1M | $243.4M | $372.1M | $305.2M | $317.7M | $298.8M |
| EBITDA | $1.10B | $1.00B | $974.6M | $933.1M | $775.0M | $637.0M | $768.5M | $670.9M | $666.4M | $640.8M |
| EPS (diluted) | $5.11 | $3.51 | $4.85 | $4.32 | $4.02 | $2.65 | $3.70 | $3.30 | $3.22 | $3.05 |
| Gross margin | 38.2% | 67.0% | 67.0% | 67.2% | 67.7% | 64.5% | 66.4% | 65.5% | 64.9% | 65.0% |
| Operating margin | 30.8% | 24.1% | 32.0% | 28.4% | 29.2% | 26.1% | 29.5% | 28.3% | 29.5% | 29.3% |
| Net margin | 25.9% | 16.4% | 23.5% | 21.6% | 21.7% | 15.5% | 21.2% | 18.8% | 20.6% | 19.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $616.7M | $528.0M | $595.9M | $585.5M | $579.3M | $505.4M | $579.6M | $564.1M | $565.3M | $498.1M | $555.9M | $542.6M |
| Cost of revenue | $194.2M | $347.2M | $727.3M | $305.6M | $186.8M | $180.0M | $186.4M | $182.6M | $183.3M | $175.6M | $181.4M | $175.2M |
| Gross profit | $422.5M | $180.8M | −$131.4M | $279.9M | $392.5M | $325.4M | $393.2M | $381.6M | $382.0M | $322.5M | $374.5M | $367.4M |
| Sales, general & admin | $132.8M | $97.6M | $79.7M | $90.0M | $89.3M | $95.0M | $95.6M | $91.0M | $99.5M | $103.6M | $87.8M | $81.3M |
| Total operating expenses | $214.6M | $47.4M | −$253.6M | $93.0M | $194.9M | $134.2M | $356.5M | $195.0M | $197.8M | $197.9M | $182.8M | $179.3M |
| Operating income | $208.0M | $133.5M | $122.3M | $186.9M | $197.7M | $191.2M | $36.7M | $186.6M | $184.2M | $124.6M | $191.7M | $188.1M |
| Interest income | $528,000 | $371,000 | $737,000 | $758,000 | $597,000 | $492,000 | $614,000 | $662,000 | $572,000 | $467,000 | $556,000 | $621,000 |
| Interest expense | $41.1M | $38.8M | $40.2M | $41.2M | $40.7M | $38.3M | $39.9M | $42.9M | $44.3M | $44.5M | $44.3M | $45.1M |
| Income before taxes | $167.4M | $105.9M | $156.6M | $146.6M | $157.4M | $153.8M | $330,000 | $146.7M | $140.5M | $80.0M | $150.3M | $144.3M |
| Income taxes | $2.7M | $4.0M | $1.8M | $2.6M | $2.4M | $14.5M | $1.3M | −$1.2M | $2.9M | $1.5M | $961,000 | $3.8M |
| Net income | $160.7M | $101.3M | $152.3M | $141.8M | $154.4M | $138.8M | −$1.2M | $147.5M | $137.4M | $78.2M | $149.1M | $140.0M |
| EBITDA | $292.9M | $226.7M | $280.9M | $232.9M | $276.2M | $269.9M | $275.7M | $264.7M | $262.0M | $199.7M | $265.1M | $264.0M |
| EPS (diluted) | $2.40 | $0.88 | $1.50 | $1.40 | $1.48 | $0.73 | −$0.02 | $1.44 | $1.33 | $0.76 | $1.46 | $1.37 |
| Gross margin | 68.5% | 34.2% | −22.0% | 47.8% | 67.8% | 64.4% | 67.8% | 67.6% | 67.6% | 64.7% | 67.4% | 67.7% |
| Operating margin | 33.7% | 25.3% | 20.5% | 31.9% | 34.1% | 37.8% | 6.3% | 33.1% | 32.6% | 25.0% | 34.5% | 34.7% |
| Net margin | 26.1% | 19.2% | 25.6% | 24.2% | 26.6% | 27.5% | −0.2% | 26.1% | 24.3% | 15.7% | 26.8% | 25.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LAMR's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LAMR financial results
In fiscal year 2025 (ended December 31, 2025), Lamar Advertising reported revenue of $2.3 billion, up 2.7% from the year before. It had net income of $587.2 million (up 62.3%), a net profit margin of 25.9%. Diluted earnings per share came to $5.11. Over five years revenue grew at an average rate of 7.6% a year.
See the LAMR stock overview for the latest quote and news, or the LAMR chart for price history and technical indicators.
LAMR income statement FAQ
What is Lamar Advertising's annual revenue?
Lamar Advertising reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.7% from $2.2 billion the previous year.
Is Lamar Advertising profitable?
Yes. Lamar Advertising reported net income of $587.2 million in fiscal 2025, a net profit margin of 25.9%; its operating margin was 30.8%.
What is Lamar Advertising's gross margin?
Lamar Advertising's gross margin was 38.2% in fiscal 2025: for every $100 of revenue, Lamar Advertising kept $38 after the direct cost of its products and services.
How fast is Lamar Advertising growing?
Revenue grew 7.6% a year on average over the last five fiscal years, from $1.6 billion to $2.3 billion.
What are Lamar Advertising's earnings per share?
Lamar Advertising earned $5.11 per diluted share in fiscal 2025, compared with $3.51 a year earlier.
When will Lamar Advertising report its next earnings?
Lamar Advertising is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Lamar Advertising's fiscal year end?
Lamar Advertising's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.