Lamar Advertising (LAMR) Cost of Revenue (2009 - 2025)

Lamar Advertising (LAMR) has 17 years of Cost of Revenue data on file, last reported at $192.4 million in Q4 2025.

• Quarterly Cost of Revenue rose 3.21% year-over-year to $192.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $746.9 million (up 2.61% YoY) and the FY2025 annual result came in at $746.9 million, up 2.61% from the prior year.
• Cost of Revenue improved to $192.4 million in Q4 2025 per LAMR's latest filing, from $187.7 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $192.4 million in Q4 2025 and bottomed at $131.2 million in Q1 2021.
• The 5-year median for Cost of Revenue is $174.5 million (2022), against an average of $170.8 million.
• The widest annual swing landed in 2021, when Cost of Revenue decreased 12.23%; it then increased 20.24% in 2022.
• Tracing LAMR's Cost of Revenue over 5 years: stood at $157.5 million in 2021, then gained by 10.34% to $173.8 million in 2022, then advanced by 4.36% to $181.4 million in 2023, then advanced by 2.75% to $186.4 million in 2024, then advanced by 3.21% to $192.4 million in 2025.
• Per Business Quant, the three latest LAMR Cost of Revenue figures stand at $192.4 million (Q4 2025), $187.7 million (Q3 2025), and $186.8 million (Q2 2025).

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