Lamar Advertising Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,266	2,207	2,111	2,032	1,787
Revenue Growth (YoY)	2.68%	4.55%	3.88%	13.69%	13.93%
Cost of Revenue	746.86	727.88	696.8	667.29	576.51
Gross Profit	1,519	1,479	1,414	1,365	1,211
Selling, General & Admin	494.91	490.28	450.81	453.12	420.53
Depreciation & Amortization Expenses	326.33	462.97	293.42	349.45	271.29
Other Operating Expenses	-75.94	-6.06	-5.47	-15.72	-2.12
Total Operating Expenses	745.3	947.19	738.75	786.85	689.71
Operating Income	774.06	532.04	675.43	578	521.19
Interest Income	2.58	2.32	2.12	1.29	0.76
Interest Expense	-160.44	-171.71	-174.51	-127.51	-106.38
Other Non-Operating Income (Expense)	-1.81	4.82	3.58	4.32	-18.22
Total Non-Operating Income (Expense)	-159.66	-164.57	-168.82	-121.9	-123.84
Pretax Income	614.4	367.47	506.62	456.1	397.35
Provision for Income Taxes	21.33	4.53	9.78	17.45	9.26
Net Income	586.79	361.5	495.4	438.28	387.73
Minority Interest in Earnings	5.92	1.07	1.07	-	-
Net Income Attributable to Preferred Dividends	0.37	0.37	0.37	0.37	0.37
Net Income to Common	586.79	361.5	495.4	438.28	387.73
Net Income Growth	62.32%	-27.03%	13.03%	13.04%	59.54%
Shares Outstanding (Basic)	102	102	102	102	101
Shares Outstanding (Diluted)	102	103	102	102	101
Shares Change (YoY)	-0.90%	0.45%	0.46%	0.28%	0.44%
EPS (Basic)	5.78	3.54	4.86	4.32	3.83
EPS (Diluted)	5.77	3.52	4.85	4.31	3.83
EPS Growth	63.92%	-27.42%	12.53%	12.53%	58.92%
Free Cash Flow	683.25	748.33	605.34	614.53	608.33
Free Cash Flow Growth	-8.70%	23.62%	-1.50%	1.02%	19.84%
Free Cash Flow Per Share	6.72	7.30	5.93	6.05	6.00
Dividends Per Share	6.200	5.400	5.000	4.700	3.500
Dividend Growth	14.82%	8.00%	6.38%	34.29%	40.00%
Gross Margin	67.04%	67.02%	66.99%	67.16%	67.75%
Operating Margin	34.16%	24.11%	32.00%	28.44%	29.16%
Profit Margin	26.17%	16.44%	23.54%	21.59%	21.71%
FCF Margin	30.15%	33.91%	28.68%	30.24%	34.03%
EBITDA	1,100	995.01	968.86	927.45	792.48
EBITDA Margin	48.56%	45.08%	45.90%	45.64%	44.34%
EBIT	774.06	532.04	675.43	578	521.19
EBIT Margin	34.16%	24.11%	32.00%	28.44%	29.16%
Effective Tax Rate	3.47%	1.23%	1.93%	3.83%	2.33%

Updated Feb 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q