Lamar Advertising (LAMR) Shares Outstanding (Diluted) (2009 - 2026)
Lamar Advertising (LAMR) posted Shares Outstanding (Diluted) of 101.59 million for Q2 2026, down 0.1% from 101.65 million a year earlier but up 0.1% from the prior quarter.
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Analysis
Lamar Advertising (LAMR) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Lamar Advertising's Shares Outstanding (Diluted) came in at 101.63 million, down 0.9% from FY2024.
- Annual Shares Outstanding (Diluted) shows a five-year compound annual growth rate of 0.1% (FY2020 to FY2025).
- In prior years, Lamar Advertising's Shares Outstanding (Diluted) was 102.56 million in FY2024 (+0.4%), 102.11 million in FY2023 (+0.5%), 101.63 million in FY2022 (+0.3%) and 101.35 million in FY2021 (+0.4%).
- Quarterly Shares Outstanding (Diluted) has run from a low of 101.31 million in Q3 2025 to a high of 102.8 million in Q1 2025 over five years.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined in each of the last five quarters, with an average decline of 0.4% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding (Diluted) in the past five years was Q2 2024, with growth of 0.5%; the weakest was Q1 2026, with a decline of 1.3%.
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior quarters was 101.45 million (Q1 2026), 101.63 million (Q4 2025) and 101.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 466.27 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 361.54 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 434.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 106.26 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 101.59 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 177.50 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 86.51 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 333.06 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 637.33 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 508.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 101.59 Mn |
| Mar 31, 2026 | 101.45 Mn |
| Dec 31, 2025 | 101.63 Mn |
| Sep 30, 2025 | 101.31 Mn |
| Jun 30, 2025 | 101.65 Mn |
| Mar 31, 2025 | 102.80 Mn |
| Dec 31, 2024 | 102.56 Mn |
| Sep 30, 2024 | 102.62 Mn |
| Jun 30, 2024 | 102.59 Mn |
| Mar 31, 2024 | 102.45 Mn |
| Dec 31, 2023 | 102.11 Mn |
| Sep 30, 2023 | 102.13 Mn |
| Jun 30, 2023 | 102.10 Mn |
| Mar 31, 2023 | 101.96 Mn |
| Dec 31, 2022 | 101.63 Mn |
| Sep 30, 2022 | 101.69 Mn |
| Jun 30, 2022 | 101.66 Mn |
| Mar 31, 2022 | 101.54 Mn |
| Dec 31, 2021 | 101.35 Mn |
| Sep 30, 2021 | 101.40 Mn |
API Access
Lamar Advertising Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=LAMR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=LAMR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();