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Lamar Advertising Company (REIT) (LAMR)
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Lamar Advertising Company (REIT) Income Statement 2025-2007 | LAMR
Brief overview of financial performance at Lamar Advertising Company (REIT)
The overview follows changes across a five-year period. According to figures from Lamar Advertising Company (REIT), revenue changed from 1.6 billion dollars to 2.3 billion dollars over five years. The cumulative result was +44.5%, corresponding to roughly 7.6% per year. Revenue advanced gradually over the five-year period.
The five-year change in gross profit reached +50.3%: from 1 billion dollars to 1.5 billion dollars. The relationship between sales and direct costs improved over the period. At the margin level, the figure shifted from 64.5% to 67%. The expansion indicates stronger pricing power or better control of direct costs.
EBITDA was $661 million at the beginning and $1.1 billion at the end of the period (+66.4%). EBITDA expanded faster than the top line. EBITDA margin was 42.2% at the start and 48.6% at the end. Higher profitability strengthens the quality of operating growth.
The net result moved from 243 million dollars to 587 million dollars, or +141.2%. The final year delivered the highest net income in the period.
The five-year change in capitalization reached +70.7%: from $8 billion to $13.6 billion. The financial trend was stronger than the market valuation.
Overall conclusion
The indicators form a favorable picture of business development. The constructive conclusion rests on sales growth, an improving EBITDA margin and better sales economics. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Lamar Advertising Company (REIT)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
13.6 B | 12.6 B | 11.2 B | 10.3 B | 11.2 B | 7.97 B | 9.39 B | 7.31 B | 7.03 B | 7.35 B | 5.4 B | 5.33 B | 4.62 B | 3.93 B | 2.74 B | 2.58 T | 1.79 B | 3.68 B | - |
Shares |
102 M | 102 M | 102 M | 102 M | 101 M | 101 M | 100 M | 98.8 M | 97.9 M | 97.1 M | 96.3 M | 95.2 M | 94.4 M | 93.4 M | 92.9 M | 92.3 B | 91.7 M | 92.1 M | - |
Historical Prices |
134 | 123 | 110 | 102 | 111 | 79.1 | 87.1 | 66.5 | 61.2 | 61.3 | 43.4 | 41.1 | 34.5 | 30.3 | 20.3 | 28 | 19.5 | 39.9 | 66 |
Net Income |
587 M | 362 M | 496 M | 439 M | 388 M | 243 M | 372 M | 305 M | 318 M | 299 M | 263 M | 254 M | 40.1 M | 9.82 M | 8.55 M | -40.1 M | -58 M | 2.16 M | - |
Revenue |
2.27 B | 2.21 B | 2.11 B | 2.03 B | 1.79 B | 1.57 B | 1.75 B | 1.63 B | 1.54 B | 1.5 B | 1.35 B | 1.29 B | 1.25 B | 1.18 B | 1.13 B | - | - | - | - |
Cost of Revenue |
747 M | 728 M | 697 M | 667 M | 577 M | 558 M | 590 M | 562 M | 541 M | 526 M | - | - | - | - | - | - | - | - | - |
Gross Profit |
1.52 B | 1.48 B | 1.41 B | 1.36 B | 1.21 B | 1.01 B | 1.16 B | 1.07 B | 1 B | 975 M | 880 M | 834 M | 809 M | 764 M | 724 M | - | - | - | - |
Operating Income |
774 M | 532 M | 675 M | 578 M | 521 M | 410 M | 518 M | 461 M | 455 M | 439 M | 383 M | 279 M | 223 M | 215 M | 184 M | 140 M | 97.6 M | 179 M | - |
Interest Expense |
- | - | 175 M | 128 M | 106 M | 138 M | 151 M | 130 M | 128 M | 124 M | 98.4 M | 105 M | 146 M | 157 M | 171 M | 186 M | 197 M | 170 M | - |
EBITDA |
1.1 B | 995 M | 969 M | 927 M | 792 M | 661 M | 761 M | 693 M | 662 M | 629 M | 566 M | 534 M | 520 M | 500 M | 486 M | 452 M | 434 M | 511 M | - |
Operating Expenses |
745 M | 947 M | 739 M | 787 M | 690 M | 601 M | 653 M | 598 M | 550 M | 551 M | 505 M | 558 M | 589 M | 560 M | 538 M | -140 M | -97.6 M | - | - |
General and Administrative Expenses |
369 M | 361 M | 345 M | 351 M | 327 M | 288 M | 403 M | 372 M | 339 M | 346 M | 314 M | 300 M | 289 M | 264 M | 249 M | 47.4 M | 42.7 M | 50.3 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Lamar Advertising Company (REIT)
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
101 M | 101 M | -89.3 K | 101 M | 101 M | 102 M | 34.8 B | 102 M | 102 M | 102 M | 29.7 B | 102 M | 102 M | 102 M | 57.9 B | 102 M | 101 M | 101 M | 36.1 B | 101 M | 101 M | 101 M | 33.5 B | 101 M | 101 M | 101 M | 111 B | 100 M | 100 M | 99.7 M | 221 K | 98.9 M | 98.5 M | 98.3 M | 74.9 B | 98 M | 97.9 M | 97.6 M | 73.2 B | 97.3 M | 97.1 M | 96.8 M | 101 B | 96.5 M | 96.4 M | 95.7 M | 79.6 B | 95.3 M | 95.2 M | 94.9 M | 105 B | 94.5 M | 94.3 M | 94 M | -93.2 B | 93.4 B | 93.3 B | 93.1 B | 42.4 M | 92.9 B | 92.8 M | 92.7 M | 92.2 B | 92.3 M | 92.2 M |
Net Income |
161 M | 101 M | 152 M | 142 M | 154 M | 139 M | -1.29 M | 147 M | 137 M | 78.1 M | 149 M | 140 M | 131 M | 76 M | 66 M | 146 M | 134 M | 92.1 M | 123 M | 107 M | 120 M | 38.2 M | 109 M | 62.7 M | 31.3 M | 40.4 M | 103 M | 99.6 M | 118 M | 51.2 M | 95.6 M | 94 M | 100 M | 15 M | 87.1 M | 96.2 M | 92.3 M | 41.7 M | 80.4 M | 85 M | 81.8 M | 51.2 M | 76.4 M | 85.9 M | 59.3 M | 40.6 M | 208 M | 35 M | 15.3 M | -4.93 M | 10.1 M | 17 M | 23 M | -10.4 M | 7.13 M | 11.4 M | 13.8 M | -22.9 M | 6.28 M | 3.9 M | 11.3 M | -13.3 M | -7.21 M | 690 K | -9.03 M |
Revenue |
617 M | 528 M | 596 M | 586 M | 579 M | 505 M | 580 M | 564 M | 565 M | 498 M | 556 M | 543 M | 541 M | 471 M | 536 M | 527 M | 518 M | 451 M | 495 M | 477 M | 445 M | 371 M | 429 M | 386 M | 348 M | 407 M | 463 M | 458 M | 449 M | 384 M | 428 M | 418 M | 420 M | 361 M | 398 M | 399 M | 397 M | 346 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
194 M | 183 M | 192 M | 188 M | 187 M | 180 M | 186 M | 183 M | 183 M | 176 M | 181 M | 175 M | 172 M | 168 M | 174 M | 169 M | 167 M | 158 M | 158 M | 147 M | 140 M | 131 M | 138 M | 136 M | 134 M | 149 M | 154 M | 149 M | 146 M | 140 M | 142 M | 141 M | 141 M | 138 M | 139 M | 135 M | 135 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
423 M | 345 M | 404 M | 398 M | 393 M | 325 M | 393 M | 382 M | 382 M | 323 M | 375 M | 367 M | 369 M | 303 M | 362 M | 358 M | 351 M | 294 M | 337 M | 330 M | 305 M | 240 M | 291 M | 250 M | 214 M | 257 M | 308 M | 309 M | 302 M | 244 M | 286 M | 278 M | 279 M | 223 M | 259 M | 264 M | 262 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
208 M | 146 M | 196 M | 189 M | 198 M | 191 M | 36.7 M | 187 M | 184 M | 125 M | 192 M | 188 M | 177 M | 119 M | 110 M | 181 M | 167 M | 120 M | 150 M | 133 M | 149 M | 88.9 M | 141 M | 106 M | 66.5 M | 96.6 M | 141 M | 141 M | 144 M | 90.8 M | 131 M | 128 M | 136 M | 65.9 M | 120 M | 132 M | 128 M | 75.5 M | 115 M | 120 M | 117 M | 86.8 M | 105 M | 112 M | 99.3 M | 67.3 M | 88.5 M | 86 M | 73 M | 31.1 M | 63.8 M | 67.2 M | 73.3 M | 19.1 M | 60.8 M | 63.5 M | 64.5 M | 25.8 M | 43.2 M | 55.4 M | 59.4 M | 25.6 M | 32.8 M | 46.6 M | 49.3 M |
Interest Expense |
- | - | - | - | - | - | - | - | - | 44.5 M | 44.3 M | 45.1 M | 43.6 M | 41.4 M | 37.7 M | 33.5 M | 29.5 M | 26.8 M | 25.7 M | 26.1 M | 26.4 M | 28.2 M | 30.6 M | 35.1 M | 35.4 M | 36.6 M | 36.4 M | 38.3 M | 38.3 M | 37.6 M | 32.4 M | 31.8 M | 31.9 M | 33.6 M | 32.9 M | 32.1 M | 32 M | 31.5 M | 31.2 M | 31.1 M | 31.3 M | 30.1 M | 24.5 M | 24.7 M | 24.7 M | 24.5 M | 24.5 M | 24.4 M | 26.1 M | 30.3 M | 34 M | 37.7 M | 37.9 M | 36.7 M | 40 M | 38.5 M | 38.6 M | 39.9 M | 41.6 M | 42.5 M | 43.3 M | 43.6 M | 44.7 M | 45.4 M | 46.6 M |
EBITDA |
292 M | 228 M | 98.2 M | 275 M | 276 M | 269 M | -49 M | 262 M | 261 M | 200 M | 109 M | 263 M | 252 M | 192 M | 42.1 M | 247 M | 234 M | 189 M | 58.6 M | 218 M | 210 M | 150 M | 63.9 M | 167 M | 130 M | 159 M | 67.9 M | 205 M | 206 M | 152 M | 58.4 M | 183 M | 191 M | 123 M | 50.3 M | 184 M | 180 M | 127 M | 43.5 M | 169 M | 169 M | 138 M | 26.9 M | 158 M | 148 M | 116 M | -18.6 M | 149 M | 144 M | 101 M | -49.1 M | 140 M | 146 M | 93 M | -55.6 M | 137 M | 137 M | 98.2 M | -75.4 M | 131 M | 132 M | 99.5 M | 111 M | 124 M | 127 M |
Operating Expenses |
215 M | 199 M | 208 M | 209 M | 195 M | 134 M | 357 M | 195 M | 198 M | 198 M | 183 M | 179 M | 193 M | 184 M | 252 M | 177 M | 185 M | 173 M | 187 M | 196 M | 156 M | 151 M | 149 M | 144 M | 147 M | 161 M | 167 M | 167 M | 158 M | 153 M | 155 M | 149 M | 143 M | 157 M | 139 M | 133 M | 134 M | -75.5 M | -115 M | -120 M | -117 M | -86.8 M | -105 M | -112 M | -99.3 M | -67.3 M | -88.5 M | -86 M | -73 M | -31.1 M | -63.8 M | -67.2 M | -73.3 M | -19.1 M | -60.8 M | -63.5 M | -64.5 M | -25.8 M | -43.2 M | -55.4 M | -59.4 M | -25.6 M | - | -46.6 M | -49.3 M |
General and Administrative Expenses |
96.2 M | 97.6 M | 91.4 M | 93 M | 89.3 M | 95 M | 92.6 M | 91 M | 88.3 M | 89.2 M | 87.8 M | 81.3 M | 90.5 M | 85.1 M | 89.7 M | 87.2 M | 90.7 M | 83.1 M | 92.5 M | 85.9 M | 75.8 M | 72.6 M | 71.5 M | 66.7 M | 67.4 M | 82.2 M | 80.1 M | 80.6 M | 78.4 M | 79.3 M | 76.4 M | 73.2 M | 69.7 M | 70.2 M | 69.8 M | 68.5 M | 65.9 M | 72 M | 68.7 M | 67.5 M | 66.5 M | 66.8 M | 62.8 M | 59.5 M | 60.7 M | 59.2 M | 58.9 M | 58.2 M | 56.1 M | 57.7 M | 55.4 M | 57 M | 56 M | 63.1 M | 54 M | 52.2 M | 52 M | 53.1 M | 50.9 M | 51.9 M | 48.6 M | 51.1 M | 52.4 M | 51.4 M | 48.3 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Lamar Advertising Company (REIT) (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.