Lamar Advertising (LAMR) Gross Margin (2009 - 2026)
Lamar Advertising's (LAMR) quarterly Gross Margin came in at 65.28% in Q1 2026, up 89.0% year-on-year from 34.54% in Q1 2025, and down 3.6% on a QoQ basis from 67.72% in Q4 2025.
Lamar Advertising (LAMR) Gross Margin (2009 - 2026) Analysis & Trends
Lamar Advertising (LAMR) has 18 years of Gross Margin data on file, last reported at 65.28% in Q1 2026.
- On a quarterly basis, Gross Margin rose 89.0% year-over-year to 65.28% in Q1 2026; TTM through Mar 2026 was 67.22%, a 29.0% increase from a year earlier, with the FY2025 full-year figure at 67.04%, up 2.0% from the prior year.
- Gross Margin for Q1 2026 stood at 65.28%, down from 67.72% in the prior quarter.
- Over the last five years, Gross Margin for LAMR reached as high as 68.26% in Q2 2023 and fell as low as 64.26% in Q1 2023.
- Historically, Gross Margin has averaged 66.87% across 5 years, with a median of 67.63% in 2024.
- Across the five-year window, Gross Margin tumbled 115 bps in 2022 and soared 89 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 67.54% in 2022, then decreased by 0 bps to 67.37% in 2023, then gained by 1 bps to 67.84% in 2024, then decreased by 0 bps to 67.72% in 2025, then fell by 4 bps to 65.28% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 65.28% in Q1 2026, 67.72% in Q4 2025, and 67.94% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 51.47% |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 54.04% |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 46.94% |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 65.28% |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | - |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 16.78% |
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% |