# Lamar Advertising Co: overview

LAMR · Nasdaq · CIK 1090425 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/lamr.md) · [Financials](/companies/lamr/financials.md) · [Filings](/companies/lamr/filings.md) · [Insiders](/companies/lamr/insiders.md)

Latest reported revenue: [$616.7m](/filings/0001090425-26-000024.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001090425-26-000024).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [564](/filings/0001090425-25-000010.md) | [580 d](/filings/0001090425-26-000008.md) | [505](/filings/0001090425-26-000017.md) | [579](/filings/0001090425-26-000024.md) | [586](/filings/0001090425-25-000010.md) | [596 d](/filings/0001090425-26-000008.md) | [528](/filings/0001090425-26-000017.md) | [617](/filings/0001090425-26-000024.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [33.1%](/filings/0001090425-25-000010.md) | [6.3% d](/filings/0001090425-26-000008.md) | [37.8%](/filings/0001090425-26-000017.md) | [34.1%](/filings/0001090425-26-000024.md) | [32.3%](/filings/0001090425-25-000010.md) | [32.9% d](/filings/0001090425-26-000008.md) | [27.7%](/filings/0001090425-26-000017.md) | [33.7%](/filings/0001090425-26-000024.md) |
| Net margin | % | [26.1%](/filings/0001090425-25-000010.md) | [(0.2%) d](/filings/0001090425-26-000008.md) | [27.5%](/filings/0001090425-26-000017.md) | [26.6%](/filings/0001090425-26-000024.md) | [24.2%](/filings/0001090425-25-000010.md) | [25.6% d](/filings/0001090425-26-000008.md) | [19.2%](/filings/0001090425-26-000017.md) | [26.1%](/filings/0001090425-26-000024.md) |
| Diluted EPS | $ per share | [1.44](/filings/0001090425-25-000010.md) | not reported | [1.35](/filings/0001090425-26-000017.md) | [1.52](/filings/0001090425-26-000024.md) | [1.40](/filings/0001090425-25-000010.md) | not reported | [1.00](/filings/0001090425-26-000017.md) | [1.58](/filings/0001090425-26-000024.md) |
| Free cash flow | $m | [197 d](/filings/0001090425-25-000010.md) | [236 d](/filings/0001090425-26-000008.md) | [97.9](/filings/0001090425-26-000017.md) | [191 d](/filings/0001090425-26-000024.md) | [186 d](/filings/0001090425-25-000010.md) | [208 d](/filings/0001090425-26-000008.md) | [114](/filings/0001090425-26-000017.md) | [210 d](/filings/0001090425-26-000024.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,787](/filings/0001628280-24-006537.md) | [2,032](/filings/0001628280-25-006706.md) | [2,111](/filings/0001090425-26-000008.md) | [2,207](/filings/0001090425-26-000008.md) | [2,266](/filings/0001090425-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [29.2%](/filings/0001628280-24-006537.md) | [28.4%](/filings/0001628280-25-006706.md) | [32.0%](/filings/0001090425-26-000008.md) | [24.1%](/filings/0001090425-26-000008.md) | [34.2%](/filings/0001090425-26-000008.md) |
| Net margin | % | [21.7%](/filings/0001628280-24-006537.md) | [21.6%](/filings/0001628280-25-006706.md) | [23.5%](/filings/0001090425-26-000008.md) | [16.4%](/filings/0001090425-26-000008.md) | [25.9%](/filings/0001090425-26-000008.md) |
| Diluted EPS | $ per share | [3.83](/filings/0001628280-24-006537.md) | [4.31](/filings/0001628280-25-006706.md) | [4.85](/filings/0001090425-26-000008.md) | [3.52](/filings/0001090425-26-000008.md) | [5.77](/filings/0001090425-26-000008.md) |
| Free cash flow | $m | [608](/filings/0001628280-24-006537.md) | [615](/filings/0001628280-25-006706.md) | [605](/filings/0001090425-26-000008.md) | [748](/filings/0001090425-26-000008.md) | [683](/filings/0001090425-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lamr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.50bn | 9,614,182 |  | Reduced −368,095 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.17bn | 7,506,411 |  | Added +21,344 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $612.6m | 3,927,671 |  | Added +29,579 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $494.5m | 3,170,047 |  | Reduced −633,106 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $438.0m | 2,807,453 |  | Added +273,859 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $425.6m | 2,728,605 |  | Added +49,632 |
| [Jupiter Topco LLC](/funds/2146052.md) | 2026-06-30 | $425.0m | 2,724,525 |  | Not compared |
| [VICTORY CAPITAL MANAGEMENT INC](/funds/1040188.md) | 2026-06-30 | $365.4m | 2,342,304 |  | Reduced −568,149 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $361.5m | 2,317,282 |  | Added +80,643 |
| [JANUS HENDERSON GROUP PLC](/funds/1274173.md) | 2026-03-31 | $350.2m | 2,765,131 |  | Not compared |

## Recent filings

[All 907 filings](/companies/lamr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 20:05 ET | [8-K](/filings/0001193125-26-415546.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-415546 |
| 2026-09-01 | 21:00 ET | [8-K](/filings/0001193125-26-378592.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-378592 |
| 2026-08-06 | 14:45 ET | [10-Q](/filings/0001090425-26-000024.md) | Quarterly report, period 2026-06-30 | 0001090425-26-000024 |
| 2026-08-06 | 11:02 ET | [8-K](/filings/0001090425-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001090425-26-000021 |
| 2026-05-19 | 20:05 ET | [8-K](/filings/0001193125-26-230735.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-230735 |
| 2026-05-14 | 20:43 ET | [8-K](/filings/0001193125-26-224221.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-224221 |
| 2026-05-07 | 14:24 ET | [10-Q](/filings/0001090425-26-000017.md) | Quarterly report, period 2026-03-31 | 0001090425-26-000017 |
| 2026-05-07 | 10:53 ET | [8-K](/filings/0001090425-26-000014.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001090425-26-000014 |
| 2026-04-02 | 20:05 ET | [DEF 14A](/filings/0001193125-26-140058.md) | Proxy statement, period 2026-05-14 | 0001193125-26-140058 |
| 2026-02-26 | 21:33 ET | [8-K](/filings/0001193125-26-076937.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-076937 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001090425-26-000008.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/97a60ea3-1b7b-42cd-b396-ff42acb82ba4)

## About the filer

- CIK: 1090425
- Tickers: LAMR
- Exchange: Nasdaq
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:33 ET. No prices; not investment advice.