Lamar Advertising (LAMR) Operating Margin (2009 - 2025)
Lamar Advertising (LAMR) reported Operating Margin of 32.9% for Q4 2025, up 2658.0% year-over-year from 1.19% in Q4 2024, and up 1.88% on a QoQ basis from 32.29% in Q3 2025.
Lamar Advertising (LAMR) has 17 years of Operating Margin data on file, last reported at 32.9% in Q4 2025.
- Quarterly Operating Margin rose 2658.0% year-over-year to 32.9% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 34.16% (up 1005.0% YoY) and the FY2025 annual result came in at 34.16%, up 1005.0% from the prior year.
- Operating Margin advanced to 32.9% in Q4 2025 per LAMR's latest filing, from 32.29% 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.
- The 5-year median for Operating Margin is 32.44% (2024), against an average of 29.53%.
- The widest annual swing landed in 2024, when Operating Margin slumped 2816 bps; it then jumped 2658 bps in 2025.
- Tracing LAMR's Operating Margin over 5 years: stood at 30.32% in 2021, then plunged by 32 bps to 20.55% in 2022, then surged by 68 bps to 34.49% in 2023, then tumbled by 82 bps to 6.32% in 2024, then jumped by 420 bps to 32.9% in 2025.
- Per Business Quant, the three latest LAMR Operating Margin figures stand at 32.9% (Q4 2025), 32.29% (Q3 2025), and 34.12% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 23.61% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 45.27% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | 16.38% |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 46.04% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 20.41% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 48.74% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 14.30% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 32.90% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 79.37% |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 13.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 23.98% |
| Dec 31, 2020 | 32.96% |
| Sep 30, 2020 | 27.42% |
| Jun 30, 2020 | 19.11% |
| Mar 31, 2020 | 23.75% |
| Dec 31, 2019 | 30.56% |
| Sep 30, 2019 | 30.90% |
| Jun 30, 2019 | 32.11% |
| Mar 31, 2019 | 23.61% |
| Dec 31, 2018 | -61.60% |
| Sep 30, 2018 | 30.67% |
| Jun 30, 2018 | 32.33% |
| Mar 31, 2018 | 18.25% |
| Dec 31, 2017 | -55.45% |
| Sep 30, 2017 | 32.98% |
| Jun 30, 2017 | 32.28% |
| Mar 31, 2017 | 21.79% |
| Dec 31, 2016 | 29.83% |
| Sep 30, 2016 | 30.91% |
| Jun 30, 2016 | 30.21% |
| Mar 31, 2016 | 25.65% |
| Dec 31, 2015 | -50.18% |
| Sep 30, 2015 | 31.83% |
| Jun 30, 2015 | 28.86% |
| Mar 31, 2015 | 22.23% |
| Dec 31, 2014 | 26.27% |
| Sep 30, 2014 | 25.68% |
| Jun 30, 2014 | 22.10% |
| Mar 31, 2014 | 10.93% |
| Dec 31, 2013 | 19.93% |
| Sep 30, 2013 | 20.93% |
| Jun 30, 2013 | 22.37% |
| Mar 31, 2013 | 6.89% |
| Dec 31, 2012 | -48.31% |
| Sep 30, 2012 | 20.52% |
| Jun 30, 2012 | 21.41% |
| Mar 31, 2012 | 9.69% |
| Dec 31, 2011 | -47.22% |
| Sep 30, 2011 | 18.68% |
| Jun 30, 2011 | 20.26% |
| Mar 31, 2011 | 10.03% |
| Dec 31, 2010 | 11.91% |
| Sep 30, 2010 | 16.28% |
| Jun 30, 2010 | 17.21% |
| Mar 31, 2010 | 4.44% |
| Dec 31, 2009 | 7.80% |
| Sep 30, 2009 | 14.45% |
| Jun 30, 2009 | 12.36% |