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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,250	2,207	2,111	2,032	1,787	1,569
Other Revenue	3.21	5.09	3.7	4.32	3.38	-
Total Revenue	2,253	2,212	2,115	2,036	1,791	1,569
Revenue Growth (YoY	2.98%	4.61%	3.84%	13.72%	14.15%	-10.54%
Property Expenses	740.87	727.88	696.8	667.29	576.51	557.66
Selling, General & Administrative	493.37	490.28	450.81	453.12	420.53	358.82
Depreciation & Amortization	477.64	462.97	293.42	349.45	271.29	251.3
Total Operating Expenses	1,712	1,681	1,441	1,470	1,268	1,168
Operating Income	541.18	531.08	673.66	566.6	522.46	401.08
Interest Expense	-160.17	-171.71	-174.51	-127.51	-106.38	-137.62
Interest & Investment Income	2.46	2.32	2.12	1.29	0.76	0.8
EBT Excluding Unusual Items	383.47	361.68	501.26	440.38	416.84	264.26
Gain (Loss) on Sale of Assets	76.69	6.06	5.47	15.72	2.12	9.03
Other Unusual Items	-2.01	-0.27	-0.12	-	-21.6	-25.24
Pretax Income	458.15	367.47	506.62	456.1	397.35	248.05
Income Tax Expense	20.8	4.53	9.78	17.45	9.26	4.66
Earnings From Continuing Operations	437.34	362.94	496.84	438.65	388.09	243.39
Minority Interest in Earnings	-3.68	-1.07	-1.07	-	-	-
Net Income	433.66	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	433.3	361.5	495.4	438.28	387.73	243.02
Net Income Growth	-15.32%	-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)	-0.50%	0.45%	0.46%	0.28%	0.44%	0.58%
EPS (Basic)	4.26	3.54	4.86	4.32	3.83	2.41
EPS (Diluted)	4.24	3.52	4.85	4.31	3.83	2.41
EPS Growth	-15.16%	-27.42%	12.53%	12.53%	58.92%	-35.04%
Dividend Per Share	6.050	5.400	5.000	4.700	3.500	2.500
Dividend Growth	15.24%	8.00%	6.38%	34.29%	40.00%	-34.90%
Operating Margin	24.02%	24.01%	31.86%	27.82%	29.18%	25.56%
Profit Margin	19.23%	16.34%	23.43%	21.52%	21.65%	15.49%
EBITDA	1,019	994.04	967.08	916.04	793.75	652.38
EBITDA Margin	45.22%	44.94%	45.73%	44.98%	44.32%	41.58%
D&A For Ebitda	477.64	462.97	293.42	349.45	271.29	251.3
EBIT	541.18	531.08	673.66	566.6	522.46	401.08
EBIT Margin	24.02%	24.01%	31.86%	27.82%	29.18%	25.56%
Funds From Operations (FFO)	827.51	798.42	767.89	756.99	-	-
FFO Per Share	8.08	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	77.66%	72.50%	66.45%	67.14%	-	-
Effective Tax Rate	4.54%	1.23%	1.93%	3.83%	2.33%	1.88%

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q