LAMR financial statements

The full income statement, balance sheet, and cash-flow statement for Lamar Advertising Company (LAMR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 102.3M2024-09 102.4M2024-12 102.4M2025-03 102.4M2025-06 101.2M2025-09 101.3M2025-12 101.3M2026-03 101.5M2026-06 101.5M-0.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.27B YoY+2.7%	2.21B YoY+4.6%	2.11B YoY+3.9%	2.03B YoY+13.7%	1.79B YoY+13.9%
Cost of revenue	747M YoY+2.6%	728M YoY+4.5%	697M YoY+4.4%	667M YoY+15.7%	577M YoY+3.4%
Selling, general & administrative	369M YoY+2.1%	361M YoY+4.7%	345M YoY-1.7%	351M YoY+7.2%	327M YoY+13.6%
General & administrative	369M YoY+2.1%	361M YoY+4.7%	345M YoY-1.7%	351M YoY+7.2%	327M YoY+13.6%
Amortization of intangibles	144M YoY+1.7%	142M YoY+1.3%	140M YoY+4.3%	134M YoY+17.4%	114M YoY+3.7%
Provision for credit losses	9.41M YoY+7.3%	8.77M YoY-31.1%	12.7M YoY+41.3%	9.01M YoY+99.1%	4.53M YoY-64.4%
Operating income	774M YoY+45.5%	532M YoY-21.2%	675M YoY+16.9%	578M YoY+10.9%	521M YoY+27.1%
Interest expense	160M YoY-6.6%	172M YoY-1.6%	175M YoY+36.9%	128M YoY+19.9%	106M YoY-22.7%
Interest & investment income	2.58M YoY+11.6%	2.31M YoY+9.5%	2.12M YoY+63.6%	1.29M YoY+69.5%	763K YoY-4.3%
Other non-operating income	-160M YoY+3.0%	-165M YoY+2.5%	-169M YoY-38.5%	-122M YoY+1.6%	-124M YoY+23.6%
Equity-method income	206K YoY-96.0%	5.09M YoY+37.8%	3.70M YoY-14.3%	4.32M YoY+27.5%	3.38M
Pre-tax income	614M YoY+67.2%	367M YoY-27.5%	507M YoY+11.1%	456M YoY+14.8%	397M YoY+60.2%
Income tax	21.3M YoY+370.7%	4.53M YoY-53.7%	9.78M YoY-43.9%	17.5M YoY+88.5%	9.26M YoY+98.6%
	587M YoY+62.3%	362M YoY-27.0%	496M YoY+13.0%	439M YoY+13.0%	388M YoY+59.5%
Net income to non-controlling interest	5.92M YoY+451.9%	1.07M YoY-0.1%	1.07M	0.00	0.00
Preferred dividends	365K YoY+0.0%	365K YoY+0.0%	365K YoY+0.0%	365K YoY+0.0%	365K YoY+0.0%
Net income to common	587M YoY+62.3%	362M YoY-27.0%	495M YoY+13.0%	438M YoY+13.0%	388M YoY+59.5%
	$5.77 YoY+63.9%	$3.52 YoY-27.4%	$4.85 YoY+12.5%	$4.31 YoY+12.5%	$3.83 YoY+58.9%
EPS (basic)	$5.78 YoY+63.3%	$3.54 YoY-27.2%	$4.86 YoY+12.5%	$4.32 YoY+12.8%	$3.83 YoY+58.9%
	102M YoY-0.7%	102M YoY+0.3%	102M YoY+0.4%	102M YoY+0.4%	101M YoY+0.4%
	102M YoY-0.9%	103M YoY+0.4%	102M YoY+0.5%	102M YoY+0.3%	101M YoY+0.4%
Dividends per share	$6.45 YoY+14.2%	$5.65 YoY+13.0%	$5.00 YoY+0.0%	$5.00 YoY+25.0%	$4.00 YoY+60.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	460M YoY+8.1%	425M YoY+14.0%	373M YoY+2.4%	365M YoY-6.2%	389M YoY+2.1%
Cash & equivalents	64.8M YoY+31.0%	49.5M YoY+10.9%	44.6M YoY-15.2%	52.6M YoY-47.3%	99.8M YoY-17.9%
Accounts receivable	341M YoY+1.9%	335M YoY+11.2%	301M YoY+5.7%	285M YoY+5.6%	270M YoY+12.1%
Other current assets	53.7M YoY+30.9%	41.0M YoY+49.7%	27.4M YoY+1.9%	26.9M YoY+42.3%	18.9M YoY+4.2%
	6.93B YoY+5.2%	6.59B YoY+0.3%	6.56B YoY+1.4%	6.48B YoY+7.1%	6.05B YoY+4.4%
Property, plant & equipment	1.68B YoY+4.9%	1.60B YoY+2.2%	1.57B YoY+4.5%	1.50B YoY+12.1%	1.34B YoY+4.3%
Operating lease right-of-use	1.50B YoY+11.0%	1.36B YoY+3.0%	1.32B YoY+3.4%	1.27B YoY+3.8%	1.22B YoY+0.2%
Goodwill	2.11B YoY+3.7%	2.04B YoY-0.0%	2.04B YoY+0.0%	2.04B YoY+5.1%	1.94B YoY+1.3%
Intangible assets	1.11B YoY+4.8%	1.06B YoY-9.3%	1.17B YoY-2.9%	1.21B YoY+15.4%	1.05B YoY+14.3%
Deferred tax assets	332K	0.00	—	—	—
Other non-current assets	58.6M YoY-40.9%	99.2M YoY+9.5%	90.6M YoY+8.7%	83.4M YoY-15.3%	98.4M YoY+62.5%
	794M YoY+2.0%	778M YoY+9.0%	714M YoY-1.7%	726M YoY+9.5%	663M YoY+21.0%
Accounts payable	16.5M YoY-23.7%	21.6M YoY+18.4%	18.2M YoY-7.2%	19.6M YoY+19.6%	16.4M YoY+36.7%
Accrued liabilities	139M YoY+3.5%	134M YoY+25.0%	107M YoY-8.8%	118M YoY-12.9%	135M YoY+28.3%
Deferred revenue	155M YoY+0.9%	154M YoY+21.5%	127M YoY-4.0%	132M YoY-3.8%	137M YoY+23.1%
Short-term & current debt	250M YoY+0.1%	250M YoY-0.1%	250M YoY+0.1%	250M YoY+42.9%	175M YoY+42.8%
Current lease liability	232M YoY+6.6%	218M YoY+3.6%	211M YoY+2.3%	206M YoY+3.8%	198M YoY+1.5%
Finance lease liability (current)	1.33M YoY+0.0%	1.33M YoY+0.0%	1.33M YoY+0.0%	1.33M YoY+0.0%	1.33M YoY+0.0%
	5.91B YoY+6.7%	5.54B YoY+3.6%	5.35B YoY+1.3%	5.28B YoY+9.3%	4.83B YoY+5.3%
Long-term debt	3.17B YoY+7.0%	2.96B YoY-4.2%	3.09B YoY+0.9%	3.06B YoY+7.9%	2.84B YoY+2.7%
Non-current lease liability	1.25B YoY+12.5%	1.11B YoY+3.6%	1.08B YoY+3.8%	1.04B YoY+4.0%	995M YoY+0.2%
Operating lease liability (total)	1.49B YoY+11.6%	1.33B YoY+3.6%	1.29B YoY+3.6%	1.24B YoY+4.0%	1.19B YoY+0.4%
Finance lease liability	12.0M YoY-10.0%	13.3M YoY-9.1%	14.6M YoY-8.3%	15.9M YoY-7.7%	17.3M YoY-7.2%
Deferred tax liabilities	749K YoY-90.6%	8.01M YoY-33.5%	12.0M YoY+24.8%	9.65M YoY+50.4%	6.42M YoY+32.2%
Other non-current liabilities	52.6M YoY+8.2%	48.6M YoY+16.0%	41.9M YoY+7.2%	39.1M YoY-2.8%	40.2M YoY+9.8%
	1.02B YoY-2.2%	1.05B YoY-13.9%	1.22B YoY+1.8%	1.20B YoY-1.8%	1.22B YoY+1.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	2.35B YoY+8.9%	2.16B YoY+2.7%	2.10B YoY+2.0%	2.06B YoY+3.0%	2.00B YoY+1.9%
Retained earnings	-1.11B YoY-6.7%	-1.04B YoY-26.5%	-819M YoY-1.8%	-804M YoY-9.5%	-734M YoY-2.4%
Treasury stock	231M YoY+217.3%	72.7M YoY+7.9%	67.3M YoY+9.8%	61.4M YoY+20.7%	50.9M YoY+13.5%
Accumulated other comprehensive income	-2.80M YoY+5.1%	-2.95M YoY-590.2%	-428K YoY+35.1%	-659K YoY-177.1%	855K YoY-8.5%
Non-controlling interest	13.2M YoY+1453.9%	849K YoY+105.1%	414K	0.00	—
Total equity incl. non-controlling	1.02B YoY-2.2%	1.05B YoY-13.9%	1.22B YoY+1.8%	1.20B YoY-1.8%	1.22B YoY+1.2%
Total liabilities & equity	6.93B YoY+5.2%	6.59B YoY+0.3%	6.56B YoY+1.4%	6.48B YoY+7.1%	6.05B YoY+4.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	864M YoY-1.1%	874M YoY+11.5%	784M YoY+0.3%	782M YoY+6.4%	734M YoY+28.9%
Depreciation & amortization	326M YoY-29.5%	463M YoY+57.8%	293M YoY-16.0%	349M YoY+28.8%	271M YoY+8.0%
Intangible amortization	144M YoY+1.7%	142M YoY+1.3%	140M YoY+4.3%	134M YoY+17.4%	114M YoY+3.7%
Share-based compensation	34.0M YoY-23.7%	44.5M YoY+96.6%	22.6M YoY-2.1%	23.1M YoY-38.1%	37.4M YoY+99.1%
Deferred income taxes	-7.62M YoY-88.9%	-4.04M YoY-269.3%	2.38M YoY-25.8%	3.21M YoY+104.1%	1.57M YoY+297.5%
	-245M YoY-48.3%	-165M YoY+46.8%	-310M YoY+49.9%	-619M YoY-34.1%	-462M YoY-376.6%
Capital expenditure	181M YoY+44.3%	125M YoY-29.7%	178M YoY+6.7%	167M YoY+32.5%	126M YoY+102.5%
Free cash flow	683M YoY-8.7%	748M YoY+23.6%	605M YoY-1.5%	615M YoY+1.0%	608M YoY+19.8%
Acquisitions	191M YoY+320.9%	45.4M YoY-67.3%	139M YoY-71.0%	480M YoY+53.6%	312M YoY+585.0%
Proceeds from sale of PP&E	127M YoY+2128.8%	5.71M YoY-19.1%	7.05M YoY-54.9%	15.6M YoY+141.5%	6.48M YoY-40.9%
	-604M YoY+14.1%	-703M YoY-46.0%	-482M YoY-130.1%	-209M YoY+28.9%	-295M YoY+22.1%
Long-term debt issued	698M	0.00	0.00	0.00	0.00 YoY-100.0%
Long-term debt repaid	0.00 YoY-100.0%	400K YoY+5.0%	381K YoY+4.4%	365K YoY-3.4%	378K YoY-95.9%
Common stock issued	17.7M YoY-15.7%	21.0M YoY+33.7%	15.7M YoY-17.0%	18.9M YoY-0.8%	19.0M YoY+70.8%
Common stock repurchased	158M YoY+2856.8%	5.34M YoY-10.8%	5.99M YoY-43.0%	10.5M YoY+73.2%	6.07M YoY-42.2%
Dividends paid	656M YoY+13.3%	579M YoY+13.4%	511M YoY+0.4%	509M YoY+25.5%	405M YoY+60.6%
Net change in cash	15.4M YoY+216.1%	4.86M YoY+160.6%	-8.01M YoY+83.0%	-47.2M YoY-116.6%	-21.8M YoY-122.8%
Interest paid	148M YoY-10.6%	166M YoY-1.3%	168M YoY+40.0%	120M YoY+7.1%	112M YoY-14.4%
Income taxes paid	29.1M YoY+242.2%	8.51M YoY-25.6%	11.4M YoY-30.0%	16.3M YoY+94.6%	8.39M YoY+108.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	12.8B YoY+2.7%	12.5B YoY+15.1%	10.9B YoY+13.1%	9.60B YoY-22.0%	12.3B YoY+46.4%
P/E	21.9× YoY-36.7%	34.5× YoY+31.3%	26.3× YoY+35.8%	19.4× YoY-39.0%	31.7× YoY-8.2%
P/S	5.7× YoY+0.1%	5.7× YoY+9.0%	5.2× YoY+7.7%	4.8× YoY-30.0%	6.9× YoY+28.5%
P/B	12.5× YoY+5.1%	11.9× YoY+30.3%	9.1× YoY+21.4%	7.5× YoY-25.5%	10.1× YoY+44.7%
P/FCF	18.8× YoY+12.5%	16.7× YoY-9.0%	18.4× YoY+17.0%	15.7× YoY-22.5%	20.2× YoY+22.2%
	4.6% YoY+57.9%	2.9% YoY-23.8%	3.8% YoY-26.4%	5.2% YoY+63.9%	3.2% YoY+8.9%
	5.3% YoY-11.1%	6.0% YoY+9.9%	5.4% YoY-14.5%	6.4% YoY+29.0%	4.9% YoY-18.2%
	5.1% YoY+9.8%	4.6% YoY-1.4%	4.7% YoY-11.2%	5.3% YoY+60.6%	3.3% YoY+9.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: LAMR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LAMR filings on SEC EDGAR → Not investment advice.