Lamar Advertising (LAMR) Stock Price, Financials & Analysis

Key Stats

Market Cap16.35 Bn

P/E29.43

FCF (Yr)683.25 Mn

ROA (Yr)8.77

EV to EBIT21.86

Net Income (Yr)593.07 Mn

Enterprise Value16.16 Bn

Add ratio to table…

About

Lamar Advertising Company is one of the largest outdoor advertising companies in the United States based on number of displays and has operated under the Lamar name since 1902. The company manages its business through three operating segments: billboard, logo and transit advertising. It rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals, offering a fully integrated service that covers ad copy production, placement, and…

Lamar Advertising Company generates revenue by leasing advertising space on its outdoor display networks and providing related services such as ad copy production, installation, and ongoing maintenance to advertisers seeking outdoor exposure.

The company operates through the following segments: billboard, logo and transit advertising.

Billboard: Lamar Advertising Company owned and operated approximately 159,300 billboard advertising displays in 45 states and Canada as of December 31, 2025, renting most space on bulletins and posters and also operating approximately 5,500 digital billboard advertising displays in 43 states and Canada.
Logo: The company rents advertising space on logo signs located near highway exits to promote nearby gas, food, camping, lodging, and other attractions, and as the largest provider of logo signs in the United States it operates 24 of the 28 privatized state logo sign contracts with over 144,400 logo sign advertising displays in 24 states and Ontario, Canada as of December 31, 2025.
Transit: Lamar Advertising Company rents advertising space on the exterior and interior of public transportation vehicles, in airport terminals, and on transit shelters and benches in over 80 markets, operating approximately 40,600 transit advertising displays in 23 states and Canada as of December 31, 2025.

Lamar Advertising Company holds a leading position in the outdoor advertising industry due to its extensive network of displays and its status as the largest provider of logo signs, giving it competitive scale and reach compared to other players.

The company serves a diverse range of advertisers including local, regional, and national businesses across sectors such as hospitality, retail, entertainment, and automotive that seek to reach consumers through outdoor channels.

How Lamar Advertising ranks

Ranked against the 11 companies in Infrastructure REITs58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/E 28.7xMedian 25.1x 50^th
P/FCF 19.1xMedian 19.1x 70^th
P/Operating cash flow 15.1xMedian 15.5x 70^th
P/S 5.89xMedian 6.48x 56^th
P/B 13.8xMedian 2.29x Too few peers —
P/Tangible bookNegative tangible equity −110xMedian 1.72x Not meaningful —
EV/EBITDA 15.8xMedian 17.9x 63^rd
EV/EBIT 23.2xMedian 23.2x 60^th
EV/Revenue 7.37xMedian 9.40x 56^th
EV/FCF 23.9xMedian 31.0x 90^th
EV/Operating cash flow 18.9xMedian 22.3x 90^th
PEG (3Y EPS CAGR) 2.85Median 0.67 Too few peers —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) 4.4%Median 6.0% 33^rd
Revenue CAGR (3Y) 3.9%Median 1.9% 67^th
Gross profit growth (1Y) 5.1%Median 5.1% 50^th
Gross profit CAGR (3Y) 4.1%Median −0.2% 88^th
Operating income growth (1Y) 20.8%Median −0.5% 78^th
Operating income CAGR (3Y) 8.0%Median 11.3% 22^nd
Net income growth (1Y) 28.2%Median 21.1% 56^th
Net income CAGR (3Y) 10.5%Median 18.3% 44^th
EPS growth (1Y) 26.7%Median 21.8% 56^th
EPS CAGR (3Y) 10.1%Median 18.5% 44^th
Operating cash flow growth (1Y) 4.9%Median 2.5% 56^th
Operating cash flow CAGR (3Y) 5.3%Median 5.8% 44^th
Free cash flow growth (1Y) −0.6%Median −1.6% 56^th
Free cash flow CAGR (3Y) 6.7%Median 6.5% 56^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin 67.4%Median 65.7% 63^rd
EBITDA margin 46.5%Median 39.3% 57^th
Operating margin 31.8%Median 31.8% 50^th
Pretax margin 24.8%Median 25.8% 44^th
Net margin 23.9%Median 16.4% 67^th
FCF margin 30.9%Median 23.3% 56^th
Operating cash flow margin 39.0%Median 38.5% 56^th
Return on equity 57.2%Median 33.8% Too few peers —
Return on assets 8.1%Median 4.7% 80^th
Return on invested capital 16.1%Median 13.6% 67^th
Return on capital employed 12.0%Median 10.6% 63^rd
Asset turnover 0.33xMedian 0.22x 67^th
Cash conversion (OCF / net income) 1.60xMedian 1.65x 43^rd
Stock comp / revenue 1.8%Median 1.5% 25^th

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets 50.3%Median 50.3% 50^th
Debt / equity 3.53xMedian 0.68x Too few peers —
Net debt / EBITDA 3.18xMedian 5.10x 75^th
Debt / FCF 4.89xMedian 9.49x Too few peers —
Liabilities / assets 85.8%Median 85.8% 50^th
Equity / assets 14.2%Median 14.2% 50^th
Interest coverage 4.53xMedian 2.09x 88^th
Current ratio 0.63xMedian 0.67x 38^th
Quick ratio 0.57xMedian 0.61x 38^th
Cash ratio 0.09xMedian 0.21x 25^th
Altman Z-score 1.77Median 0.80 99^th

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	AMT	American Tower Corp /Ma/	88.38 Bn	26.67	8.03	37.58 Bn
2	DLR	Digital Realty Trust, Inc.	63.97 Bn	72.21	9.01	19.49 Bn
3	CCI	Crown Castle Inc.	37.72 Bn	45.89	9.24	17.80 Bn
4	SBAC	Sba Communications Corp	20.06 Bn	20.36	7.03	12.90 Bn
5	LAMR	Lamar Advertising Co/New	16.35 Bn	29.43	7.03	3.51 Bn
6	OUT	OUTFRONT Media Inc.	5.64 Bn	23.05	2.92	2.53 Bn
7	IHS	IHS Holding Ltd	2.83 Bn	19.94	1.82	3.11 Bn
8	AD	Array Digital Infrastructure, Inc.	2.61 Bn	4.87	12.21	0.67 Bn

S.No.

Ticker

Company

Market Cap

P/E

P/S

Total Debt (Qtr)

AMT

American Tower Corp /Ma/

88.38 Bn

26.67

8.03

37.58 Bn

DLR

Digital Realty Trust, Inc.

63.97 Bn

72.21

9.01

19.49 Bn

CCI

Crown Castle Inc.

37.72 Bn

45.89

9.24

17.80 Bn

SBAC

Sba Communications Corp

20.06 Bn

20.36

7.03

12.90 Bn

LAMR

Lamar Advertising Co/New

16.35 Bn

29.43

7.03

3.51 Bn

OUT

OUTFRONT Media Inc.

5.64 Bn

23.05

2.92

2.53 Bn

IHS

IHS Holding Ltd

2.83 Bn

19.94

1.82

3.11 Bn

Array Digital Infrastructure, Inc.

2.61 Bn

4.87

12.21

0.67 Bn

Lamar Advertising LAMR

About

Contract with Customer, Sales Channel Breakdown of Revenue (2025)

Segments Breakdown of Revenue (2025)

How Lamar Advertising ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Lamar Advertising LAMR

About

Contract with Customer, Sales Channel Breakdown of Revenue (2025)

Segments Breakdown of Revenue (2025)

How Lamar Advertising ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Create an account

Sign In

Reset Password