Lamar Advertising (LAMR) Gross Margin (2009 - 2025)
Lamar Advertising (LAMR) reported Gross Margin of 67.72% for Q4 2025, down 12.0% year-over-year from 76.95% in Q4 2024, and little changed on a QoQ basis from 67.94% in Q3 2025.
Lamar Advertising (LAMR) has 17 years of Gross Margin data on file, last reported at 67.72% in Q4 2025.
- Quarterly Gross Margin fell 12.0% year-over-year to 67.72% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 67.04% (up 2.0% YoY) and the FY2025 annual result came in at 67.04%, up 2.0% from the prior year.
- Gross Margin steadied at 67.72% in Q4 2025 per LAMR's latest filing, from 67.94% in the prior quarter.
- Across five years, Gross Margin topped out at 69.11% in Q3 2021 and bottomed at 64.26% in Q1 2023.
- The 5-year median for Gross Margin is 67.72% (2025), against an average of 67.09%.
- The widest annual swing landed in 2021, when Gross Margin jumped 700 bps; it then tumbled 115 bps in 2022.
- Tracing LAMR's Gross Margin over 5 years: stood at 68.15% in 2021, then slipped by 1 bps to 67.54% in 2022, then slipped by 0 bps to 67.37% in 2023, then advanced by 1 bps to 67.84% in 2024, then slipped by 0 bps to 67.72% in 2025.
- Per Business Quant, the three latest LAMR Gross Margin figures stand at 67.72% (Q4 2025), 67.94% (Q3 2025), and 67.76% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 90.14% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | - |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 97.43% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 54.04% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 67.72% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | - |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 47.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 67.72% |
| Sep 30, 2025 | 67.94% |
| Jun 30, 2025 | 67.76% |
| Mar 31, 2025 | 64.39% |
| Dec 31, 2024 | 67.84% |
| Sep 30, 2024 | 67.63% |
| Jun 30, 2024 | 67.58% |
| Mar 31, 2024 | 64.74% |
| Dec 31, 2023 | 67.37% |
| Sep 30, 2023 | 67.71% |
| Jun 30, 2023 | 68.26% |
| Mar 31, 2023 | 64.26% |
| Dec 31, 2022 | 67.54% |
| Sep 30, 2022 | 67.96% |
| Jun 30, 2022 | 67.80% |
| Mar 31, 2022 | 65.05% |
| Dec 31, 2021 | 68.15% |
| Sep 30, 2021 | 69.11% |
| Jun 30, 2021 | 68.44% |
| Mar 31, 2021 | 64.62% |
| Dec 31, 2020 | 67.84% |
| Sep 30, 2020 | 64.70% |
| Jun 30, 2020 | 61.44% |
| Mar 31, 2020 | 63.23% |
| Dec 31, 2019 | 66.63% |
| Sep 30, 2019 | 67.49% |
| Jun 30, 2019 | 67.38% |
| Mar 31, 2019 | 63.46% |
| Dec 31, 2018 | 66.80% |
| Sep 30, 2018 | 66.38% |
| Jun 30, 2018 | 66.46% |
| Mar 31, 2018 | 61.69% |
| Dec 31, 2017 | 65.12% |
| Sep 30, 2017 | 66.20% |
| Jun 30, 2017 | 65.98% |
| Mar 31, 2017 | 61.93% |
| Dec 31, 2016 | 65.77% |
| Sep 30, 2016 | 65.99% |
| Jun 30, 2016 | 65.75% |
| Mar 31, 2016 | 61.98% |
| Dec 31, 2015 | 65.47% |
| Sep 30, 2015 | 65.30% |
| Jun 30, 2015 | 66.32% |
| Mar 31, 2015 | 62.57% |
| Dec 31, 2014 | 65.82% |
| Sep 30, 2014 | 66.45% |
| Jun 30, 2014 | 65.42% |
| Mar 31, 2014 | 60.87% |
| Dec 31, 2013 | 65.67% |
| Sep 30, 2013 | 65.86% |
| Jun 30, 2013 | 66.22% |
| Mar 31, 2013 | 61.49% |
| Dec 31, 2012 | 65.00% |
| Sep 30, 2012 | 66.45% |
| Jun 30, 2012 | 65.10% |
| Mar 31, 2012 | 59.74% |
| Dec 31, 2011 | 64.18% |
| Sep 30, 2011 | 65.22% |
| Jun 30, 2011 | 64.87% |
| Mar 31, 2011 | 60.99% |
| Dec 31, 2010 | 63.55% |
| Sep 30, 2010 | 65.19% |
| Jun 30, 2010 | 65.14% |
| Mar 31, 2010 | 59.63% |
| Dec 31, 2009 | 62.00% |
| Sep 30, 2009 | 64.08% |
| Jun 30, 2009 | 63.80% |