Lamar Advertising (LAMR) Operating Margin (2009 - 2026)
Lamar Advertising's Operating Margin was 33.72% in Q2 2026, down 0.40 percentage points from 34.12% a year earlier but up 6.06 percentage points from the prior quarter.
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Analysis
Lamar Advertising (LAMR) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Lamar Advertising's Operating Margin was 31.78% through Jun 30, 2026, up 4.31 percentage points year-over-year; for FY2025, it was 34.16%, up 10.05 percentage points from FY2024.
- Operating Margin shows a five-year change of +8.02 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 24.11% in FY2024 (-7.89 pp), 32.00% in FY2023 (+3.55 pp), 28.44% in FY2022 (-0.72 pp) and 29.16% in FY2021 (+3.02 pp).
- Quarterly Operating Margin has moved between 6.32% (Q4 2024) and 37.84% (Q1 2025) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.02 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2025 (a gain of 26.58 percentage points); the worst was Q4 2024 (a drop of 28.16 percentage points).
- Per Business Quant data, LAMR's Operating Margin in the three quarters before Q2 2026 was 27.66% (Q1 2026), 32.90% (Q4 2025) and 32.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 46.15% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | 24.28% |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 46.63% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 49.19% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 33.72% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 22.22% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 738.42% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 19.32% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 20.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.72% |
| Mar 31, 2026 | 27.66% |
| Dec 31, 2025 | 32.90% |
| Sep 30, 2025 | 32.29% |
| Jun 30, 2025 | 34.12% |
| Mar 31, 2025 | 37.84% |
| Dec 31, 2024 | 6.32% |
| Sep 30, 2024 | 33.07% |
| Jun 30, 2024 | 32.59% |
| Mar 31, 2024 | 25.01% |
| Dec 31, 2023 | 34.49% |
| Sep 30, 2023 | 34.67% |
| Jun 30, 2023 | 32.67% |
| Mar 31, 2023 | 25.21% |
| Dec 31, 2022 | 20.55% |
| Sep 30, 2022 | 34.32% |
| Jun 30, 2022 | 32.15% |
| Mar 31, 2022 | 26.69% |
| Dec 31, 2021 | 30.32% |
| Sep 30, 2021 | 27.96% |
API Access
Lamar Advertising Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=LAMR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "LAMR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=LAMR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();