Lamar Advertising (LAMR) Gross Margin (2009 - 2026)
Lamar Advertising (LAMR) posted quarterly Gross Margin of 65.28% for Q1 2026, up 89.0% year-over-year from 34.54% in Q1 2025, and down 3.6% quarter-over-quarter from 67.72% in Q4 2025.
Lamar Advertising (LAMR) Gross Margin (2009 - 2026) Analysis & Trends
Lamar Advertising (LAMR) has reported Gross Margin for 18 consecutive years, with 65.28% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 89.0% year-over-year to 65.28%; the TTM figure through Mar 2026 stood at 67.22% (up 29.0% YoY), while the FY2025 annual figure was 67.04%, up 2.0% from the prior year.
- Gross Margin eased to 65.28% in Q1 2026 per LAMR's latest filing, from 67.72% in the prior quarter.
- Across five years, Gross Margin topped out at 68.26% in Q2 2023 and bottomed at 64.26% in Q1 2023.
- Historically, Gross Margin has averaged 66.87% across 5 years, with a median of 67.63% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin sank 115 bps — and 2026, when it surged 89 bps.
- Lamar Advertising's Gross Margin stood at 67.54% in 2022, then fell by 0 bps to 67.37% in 2023, then increased by 1 bps to 67.84% in 2024, then fell by 0 bps to 67.72% in 2025, then dropped by 4 bps to 65.28% in 2026.
- Business Quant data shows LAMR's Gross Margin at 65.28% in Q1 2026, 67.72% in Q4 2025, and 67.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 53.14% |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 98.79% |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | - |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 52.76% |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 98.12% |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 75.39% |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 16.66% |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 68.51% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | - |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 19.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 65.28% |
| 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% |