Lamar Advertising (LAMR) Operating Margin (2009 - 2026)
Lamar Advertising (LAMR) posted quarterly Operating Margin of 27.66% for Q1 2026, down 1017.0% year-over-year from 3.02% in Q1 2025, and down 15.92% quarter-over-quarter from 32.9% in Q4 2025.
Lamar Advertising (LAMR) Operating Margin (2009 - 2026) Analysis & Trends
Lamar Advertising (LAMR) has reported Operating Margin for 18 consecutive years, with 27.66% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 1017.0% year-over-year to 27.66%; the TTM figure through Mar 2026 stood at 31.85% (up 481.0% YoY), while the FY2025 annual figure was 34.16%, up 1005.0% from the prior year.
- Operating Margin fell to 27.66% in Q1 2026 per LAMR's latest filing, from 32.9% in the prior quarter.
- Across five years, Operating Margin topped out at 37.84% in Q1 2025 and bottomed at 6.32% in Q4 2024.
- Historically, Operating Margin has averaged 29.56% across 5 years, with a median of 32.59% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin plunged 2816 bps — and 2025, when it soared 2658 bps.
- Lamar Advertising's Operating Margin stood at 20.55% in 2022, then surged by 68 bps to 34.49% in 2023, then slumped by 82 bps to 6.32% in 2024, then jumped by 420 bps to 32.9% in 2025, then fell by 16 bps to 27.66% in 2026.
- Business Quant data shows LAMR's Operating Margin at 27.66% in Q1 2026, 32.9% in Q4 2025, and 32.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 25.33% |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 46.15% |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | 24.28% |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 18.41% |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 46.63% |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 49.19% |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 11.94% |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 33.72% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 77.21% |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 8.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 33.48% |