Lamar Advertising Company (LAMR) Key Metrics
LAMR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $15.24B
- Enterprise value
- $19.65B
- P/E (TTM)
- 27.4 10-yr median 22.7
- Forward P/E
- 29.5
- PEG ratio
- 2.20
- Price / sales
- 6.6 10-yr median 5.1
- Price / book
- 15.0 10-yr median 7.8
- EV / EBITDA
- 18.2 10-yr median 16.4
- Dividend yield
- 3.77% $6.60 a year
- Beta
- 1.23
LAMR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLAMR valuation Price multiples at each fiscal year-end price.
LAMR returns How much profit the business earns on the capital it uses.
LAMR per-share figures Results divided by the shares outstanding at year-end.
LAMR financial health Debt, liquidity and how easily interest is covered.
LAMR efficiency & capital use Working capital cycle and where the cash goes.
LAMR valuation history
LAMR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LAMR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LAMR cash returned to shareholders
LAMR price vs earnings per share
LAMR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.86B | $12.49B | $10.85B | $9.59B | $12.29B | $8.40B | $8.95B | $6.85B | $7.30B | $6.57B |
| Enterprise value | $18.98B | $16.99B | $15.45B | $13.06B | $16.42B | $12.37B | $13.17B | $9.72B | $9.74B | $8.88B |
| P/E ratio | 21.9 | 34.5 | 21.9 | 21.9 | 31.7 | 34.5 | 24.1 | 22.5 | 23.0 | 22.0 |
| Price / sales | 5.7 | 5.7 | 5.1 | 4.7 | 6.9 | 5.4 | 5.1 | 4.2 | 4.7 | 4.4 |
| Price / book | 12.7 | 11.9 | 8.9 | 8.0 | 10.1 | 7.0 | 7.6 | 6.1 | 6.6 | 6.1 |
| Price / free cash flow | 17.5 | 16.7 | 16.7 | 15.6 | 20.2 | 16.5 | 166.4 | 15.3 | 18.4 | 15.9 |
| Price / operating cash flow | 14.9 | 14.3 | 13.8 | 12.3 | 16.7 | 14.7 | 46.0 | 12.1 | 14.4 | 12.6 |
| EV / sales | 8.4 | 7.7 | 7.3 | 6.4 | 9.2 | 7.9 | 7.5 | 6.0 | 6.3 | 5.9 |
| EV / EBITDA | 17.2 | 17.0 | 15.9 | 14.0 | 21.2 | 19.4 | 17.1 | 14.5 | 14.6 | 13.9 |
| EV / free cash flow | 25.8 | 22.7 | 23.8 | 21.3 | 27.0 | 24.4 | 244.9 | 21.7 | 24.5 | 21.4 |
| Earnings yield | 4.6% | 2.9% | 4.6% | 4.6% | 3.2% | 2.9% | 4.2% | 4.5% | 4.3% | 4.5% |
| Free cash flow yield | 5.7% | 6.0% | 6.0% | 6.4% | 4.9% | 6.0% | 0.6% | 6.5% | 5.4% | 6.3% |
| Dividend yield | 5.1% | 4.6% | 4.7% | 0.0% | 3.3% | 3.0% | 4.3% | 6.5% | 3.3% | 4.5% |
| Shareholder yield (dividends + buybacks) | 6.3% | 4.7% | 4.8% | 0.1% | 3.3% | 3.1% | 4.4% | 6.5% | 3.5% | 4.6% |
| Share price at fiscal year-end | $126.58 | $121.74 | $106.28 | $94.40 | $121.30 | $83.22 | $89.26 | $69.18 | $74.24 | $67.24 |
| Per share | ||||||||||
| Revenue per share | $22.30 | $21.52 | $20.67 | $19.99 | $17.64 | $15.55 | $17.48 | $16.42 | $15.67 | $15.36 |
| Earnings per share | $5.78 | $3.53 | $4.86 | $4.32 | $3.83 | $2.41 | $3.71 | $3.08 | $3.23 | $3.06 |
| Operating cash flow per share | $8.50 | $8.52 | $7.67 | $7.69 | $7.25 | $5.65 | $1.94 | $5.70 | $5.15 | $5.34 |
| Free cash flow per share | $7.24 | $7.30 | $6.36 | $6.05 | $6.00 | $5.03 | $0.54 | $4.51 | $4.04 | $4.24 |
| Cash per share | $0.64 | $0.48 | $0.44 | $0.52 | $0.98 | $1.20 | $0.26 | $0.22 | $1.17 | $0.36 |
| Book value per share | $9.95 | $10.21 | $11.91 | $11.76 | $12.01 | $11.92 | $11.77 | $11.42 | $11.22 | $10.95 |
| Tangible book value per share | −$21.78 | −$19.99 | −$19.49 | −$20.14 | −$17.41 | −$16.09 | −$17.19 | −$17.19 | −$14.57 | −$13.25 |
| Dividends per share | $6.46 | $5.65 | $5.00 | $0.00 | $4.00 | $2.50 | $3.84 | $4.47 | $2.48 | $3.01 |
| Capex per share | $1.26 | $1.22 | $1.31 | $1.64 | $1.24 | $0.62 | $1.41 | $1.19 | $1.11 | $1.10 |
| Debt per share | $60.85 | $44.44 | $45.47 | $34.63 | $41.70 | $40.59 | $42.32 | $29.15 | $25.99 | $24.05 |
| Shares outstanding | 101.6M | 102.6M | 102.1M | 101.6M | 101.3M | 100.9M | 100.3M | 99.1M | 98.4M | 97.7M |
| Change in shares outstanding | −0.9% | +0.4% | +0.5% | +0.3% | +0.4% | +0.6% | +1.2% | +0.7% | +0.7% | +1.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 57.0% | 32.0% | 41.1% | 36.4% | 32.1% | 20.4% | 32.2% | 27.3% | 29.2% | 28.6% |
| Return on invested capital (ROIC) | 10.6% | 9.2% | 12.6% | 11.1% | 9.7% | 7.6% | 11.0% | 11.8% | 12.8% | 13.4% |
| Return on assets (ROA) | 8.7% | 5.5% | 7.6% | 7.0% | 6.6% | 4.1% | 7.1% | 7.0% | 7.8% | 8.2% |
| Return on tangible assets | 15.8% | 10.4% | 14.8% | 13.6% | 12.7% | 8.2% | 12.3% | 17.9% | 18.9% | 19.4% |
| Free cash flow margin | 32.5% | 33.9% | 30.8% | 30.2% | 34.0% | 32.4% | 3.1% | 27.5% | 25.8% | 27.6% |
| Income quality (OCF / net income) | 1.47 | 2.41 | 1.58 | 1.78 | 1.89 | 2.34 | 0.52 | 1.85 | 1.60 | 1.75 |
| Financial health | ||||||||||
| Total debt | $6.18B | $4.56B | $4.64B | $3.52B | $4.23B | $4.10B | $4.25B | $2.89B | $2.56B | $2.35B |
| Cash & short-term investments | $64.8M | $49.5M | $44.6M | $52.6M | $99.8M | $121.6M | $26.2M | $21.5M | $115.5M | $35.5M |
| Net debt | $6.12B | $4.51B | $4.60B | $3.47B | $4.13B | $3.97B | $4.22B | $2.87B | $2.44B | $2.31B |
| Debt / equity | 6.11 | 4.35 | 3.82 | 2.94 | 3.47 | 3.41 | 3.60 | 2.55 | 2.32 | 2.20 |
| Debt / assets | 0.89 | 0.69 | 0.71 | 0.54 | 0.70 | 0.71 | 0.71 | 0.64 | 0.61 | 0.60 |
| Net debt / EBITDA | 5.56 | 4.50 | 4.72 | 3.72 | 5.32 | 6.24 | 5.49 | 4.27 | 3.66 | 3.61 |
| Current ratio | 0.95 | 0.55 | 0.52 | 0.50 | 0.59 | 0.69 | 0.46 | 0.80 | 1.29 | 1.14 |
| Quick ratio | 0.95 | 0.55 | 0.52 | 0.97 | 0.59 | 0.69 | 0.46 | 0.62 | 1.13 | 0.96 |
| Interest coverage | 4.4 | 3.1 | 3.9 | 4.5 | 4.9 | 3.0 | 3.4 | 3.6 | 3.5 | 3.5 |
| Working capital | −$24.1M | −$353.2M | −$340.7M | −$361.5M | −$274.4M | −$167.3M | −$362.6M | −$91.4M | $94.5M | $38.5M |
| Invested capital | $7.13B | $5.56B | $5.81B | $4.66B | $5.34B | $5.18B | $5.40B | $4.00B | $3.54B | $3.38B |
| Tangible asset value | −$2.20B | −$2.05B | −$1.99B | −$2.05B | −$1.76B | −$1.62B | −$1.72B | −$1.70B | −$1.43B | −$1.29B |
| Net current asset value | −$5.45B | −$5.11B | −$4.97B | −$4.92B | −$4.44B | −$4.21B | −$4.45B | −$3.05B | −$2.69B | −$2.52B |
| Graham number | $35.97 | $28.47 | $36.08 | $33.80 | $32.17 | $25.43 | $31.34 | $28.14 | $28.55 | $27.45 |
| Graham net-net per share | −$54.97 | −$51.07 | −$49.72 | −$50.99 | −$44.68 | −$42.48 | −$45.29 | −$32.04 | −$28.65 | −$26.90 |
| Capital allocation | ||||||||||
| Dividends paid | $656.2M | $579.2M | $510.6M | $365,000 | $405.2M | $252.3M | $385.2M | $443.1M | $244.2M | $294.0M |
| Share buybacks (net) | $157.9M | $5.3M | $6.0M | $10.5M | $6.1M | $10.5M | $8.9M | $4.1M | $9.0M | $6.2M |
| Dividend payout ratio | 111.8% | 160.1% | 103.0% | 0.1% | 104.4% | 103.7% | 103.5% | 145.2% | 76.9% | 98.4% |
| Dividends + buybacks / free cash flow | 110.6% | 78.1% | 79.5% | 1.8% | 67.6% | 51.8% | 732.4% | 100.0% | 63.7% | 72.5% |
| Capex / revenue | 5.6% | 5.7% | 6.4% | 8.2% | 7.1% | 4.0% | 8.0% | 7.2% | 7.1% | 7.2% |
| Capex / operating cash flow | 14.8% | 14.3% | 17.1% | 21.4% | 17.2% | 10.9% | 72.4% | 20.8% | 21.6% | 20.6% |
| Capex / depreciation | 0.39 | 0.27 | 0.46 | 0.48 | 0.46 | 0.25 | 0.56 | 0.52 | 0.52 | 0.53 |
| Stock-based compensation / revenue | 1.5% | 2.0% | 1.1% | 1.1% | 2.1% | 1.2% | 1.7% | 1.8% | 0.6% | 1.9% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 15.6% | 16.4% | 16.9% | 17.3% | 18.3% | 22.9% | 23.0% | 22.9% | 22.0% | 23.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 54.4 | 52.6 | 50.7 | 49.8 | 52.2 | 57.7 | 51.0 | 49.0 | 46.4 | 44.3 |
| Days of inventory on hand | — | — | -88.4 | -184.7 | — | 0.0 | 25.0 | 42.8 | 34.2 | 33.4 |
| Days payables outstanding | 5.0 | 10.0 | 9.9 | 9.9 | 9.0 | 8.8 | 11.2 | 12.7 | 12.0 | 12.2 |
| Cash conversion cycle (days) | 49.5 | 42.6 | -47.7 | -144.7 | 43.1 | 48.8 | 64.8 | 79.1 | 68.6 | 65.5 |
| Receivables turnover | 6.70 | 6.94 | 7.20 | 7.32 | 7.00 | 6.33 | 7.15 | 7.44 | 7.87 | 8.24 |
| Payables turnover | 73.56 | 36.55 | 36.79 | 37.00 | 40.53 | 41.32 | 32.58 | 28.66 | 30.37 | 29.94 |
| Inventory turnover | — | — | — | — | — | 557,661,000.00 | 14.63 | 8.53 | 10.66 | 10.93 |
| Asset turnover | 0.34 | 0.34 | 0.32 | 0.32 | 0.30 | 0.27 | 0.33 | 0.37 | 0.38 | 0.41 |
| Average receivables | $338.0M | $318.0M | $293.1M | $277.5M | $255.4M | $247.9M | $245.3M | $218.6M | $195.8M | $182.2M |
| Average payables | $19.0M | $19.9M | $18.9M | $18.0M | $14.2M | $13.5M | $18.1M | $19.6M | $17.8M | $17.6M |
| Average inventory | — | — | −$168.8M | −$337.7M | — | $1 | $40.3M | $65.9M | $50.7M | $48.1M |
| Intangibles / total assets | 46.5% | 47.0% | 48.9% | 50.1% | 49.3% | 48.8% | 48.9% | 62.4% | 60.2% | 60.6% |
Computed from LAMR's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LAMR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Lamar Advertising traded at 21.9 times earnings, against a 10-year median of 22.7. Based on the latest twelve months, the trailing P/E is 27.4 and the forward P/E is 29.5. Lamar Advertising earned a return on equity of 57.0% and a return on invested capital of 10.6% in fiscal 2025. It ended the year with $6.2 billion of debt and $64.8 million in cash and short-term investments, net debt of $6.1 billion. It returned $814.1 million to shareholders: $656.2 million in dividends and $157.9 million in share buybacks, 111% of free cash flow. The share count rose 4.0% from 97.7M to 101.6M over 9 years.
See the LAMR income statement, the LAMR chart for price history, or the LAMR stock overview for the latest quote and news.
LAMR key metrics FAQ
What is Lamar Advertising's P/E ratio?
Lamar Advertising's trailing P/E ratio is 27.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.5. At the end of fiscal 2025 it was 21.9, compared with a 10-year median of 22.7.
What is Lamar Advertising's EV/EBITDA?
Lamar Advertising's enterprise value was 17.2 times EBITDA at the end of fiscal 2025 (enterprise value $19.0 billion, EBITDA $1.1 billion); the current EV/EBITDA is 18.2.
What is Lamar Advertising's return on equity?
Lamar Advertising's return on equity (ROE) was 57.0% in fiscal 2025: net income of $587.2 million on average shareholders' equity of $1.0 billion.
What is Lamar Advertising's ROIC?
Lamar Advertising's return on invested capital was 10.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lamar Advertising have?
Lamar Advertising had total debt of $6.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 6.11 and $6.1 billion of net debt (5.56 times EBITDA).
What is Lamar Advertising's dividend yield?
Lamar Advertising's forward dividend yield is 3.77%. Lamar Advertising paid $656.2 million in dividends in fiscal 2025 ($6.46 per share), a payout ratio of 111.8%.
Does Lamar Advertising buy back its shares?
Yes. Lamar Advertising spent $157.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.9% over the year, to 101.6M..
What is Lamar Advertising's free cash flow yield?
Lamar Advertising generated $736.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.7% on its market value at year-end ($12.9 billion).
What is Lamar Advertising's current ratio?
Lamar Advertising's current ratio was 0.95 at the end of fiscal 2025: current assets were 0.95 times current liabilities.