Lamar Advertising Company (LAMR)

Lamar Advertising Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,228	2,207	2,111	2,032	1,787	1,569
Other Revenue	5.86	5.09	3.7	4.32	3.38	-
Total Revenue	2,234	2,212	2,115	2,036	1,791	1,569
Revenue Growth (YoY	3.23%	4.61%	3.84%	13.72%	14.15%	-10.54%
Property Expenses	735.74	727.88	696.8	667.29	576.51	557.66
Selling, General & Administrative	491.11	490.28	450.81	453.12	420.53	358.82
Depreciation & Amortization	466.48	462.97	293.42	349.45	271.29	251.3
Total Operating Expenses	1,693	1,681	1,441	1,470	1,268	1,168
Operating Income	540.98	531.08	673.66	566.6	522.46	401.08
Interest Expense	-161.92	-171.71	-174.51	-127.51	-106.38	-137.62
Interest & Investment Income	2.37	2.32	2.12	1.29	0.76	0.8
EBT Excluding Unusual Items	381.42	361.68	501.26	440.38	416.84	264.26
Gain (Loss) on Sale of Assets	77.01	6.06	5.47	15.72	2.12	9.03
Other Unusual Items	-0.27	-0.27	-0.12	-	-21.6	-25.24
Pretax Income	458.16	367.47	506.62	456.1	397.35	248.05
Income Tax Expense	17.07	4.53	9.78	17.45	9.26	4.66
Earnings From Continuing Operations	441.09	362.94	496.84	438.65	388.09	243.39
Minority Interest in Earnings	-1.7	-1.07	-1.07	-	-	-
Net Income	439.39	361.87	495.76	438.65	388.09	243.39
Preferred Dividends & Other Adjustments	0.37	0.37	0.37	0.37	0.37	0.37
Net Income to Common	439.02	361.5	495.4	438.28	387.73	243.02
Net Income Growth	-12.94%	-27.01%	13.02%	13.03%	59.46%	-34.59%
Basic Shares Outstanding	102	102	102	102	101	101
Diluted Shares Outstanding	102	103	102	102	101	101
Shares Change (YoY)	0.07%	0.45%	0.46%	0.28%	0.44%	0.58%
EPS (Basic)	4.30	3.54	4.86	4.32	3.83	2.41
EPS (Diluted)	4.29	3.52	4.85	4.31	3.83	2.41
EPS Growth	-13.00%	-27.42%	12.53%	12.53%	58.92%	-35.04%
Dividend Per Share	5.900	5.400	5.000	4.700	3.500	2.500
Dividend Growth	15.69%	8.00%	6.38%	34.29%	40.00%	-34.90%
Operating Margin	24.21%	24.01%	31.86%	27.82%	29.18%	25.56%
Profit Margin	19.65%	16.34%	23.43%	21.52%	21.65%	15.49%
EBITDA	1,007	994.04	967.08	916.04	793.75	652.38
EBITDA Margin	45.09%	44.94%	45.73%	44.98%	44.32%	41.58%
D&A For Ebitda	466.48	462.97	293.42	349.45	271.29	251.3
EBIT	540.98	531.08	673.66	566.6	522.46	401.08
EBIT Margin	24.21%	24.01%	31.86%	27.82%	29.18%	25.56%
Funds From Operations (FFO)	822.12	798.42	767.89	756.99	-	-
FFO Per Share	8.03	7.78	7.52	7.45	-	-
Adjusted Funds From Operations (AFFO)	-	818.99	762.27	749.73	-	-
AFFO Per Share	-	7.99	7.47	7.38	-	-
FFO Payout Ratio	76.49%	72.50%	66.45%	67.14%	-	-
Effective Tax Rate	3.72%	1.23%	1.93%	3.83%	2.33%	1.88%

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q