LAMAR ADVERTISING CO/NEW

Listed Company

LAMRCIK 0001090425NasdaqLarge AcceleratedReal Estate Investment TrustsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$587.15M

Total Assets

$6.93B

Equity

$1.02B

Shares Out

—

Op. Cash Flow

$864.05M

LAMR$162.32+29.37% · past yearDBEQ Basic

Daily closing prices

Business

Lamar Advertising Company is one of the largest outdoor advertising companies in the United States, operating under the Lamar name since 1902 and structured as an UPREIT REIT. The company rents advertising space on billboards (static and digital), logo signs near highway exits, and transit displays (buses, shelters, benches, airport terminals) across 45 states and Canada, offering integrated services from ad copy production to placement and maintenance. Operations are organized into three reportable segments: billboard, logo, and transit advertising, with local account executives and decentralized management serving small to mid-size markets while maintaining centralized financial control.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Revenues	2,266	2,207	2,111	2,032	1,787
Direct advertising expenses (exclusive of depreciation and amortization)	747	728	697	667	577
General and administrative expenses (exclusive of depreciation and amortization)	369	361	345	351	327
Corporate expenses (exclusive of depreciation and amortization)	126	129	106	103	94
Depreciation and amortization (note 11)	326	463	293	349	271
Gain on disposition of assets and investments	−76	−6	−5	−16	−2
Total operating expenses	1,492	1,675	1,436	1,454	1,266
Operating income	774	532	675	578	521
Loss on extinguishment of debt	2	270,000	115,000	0	22
Interest income	−3	−2	−2	−1	−763,000
Interest expense	160	172	175	128	—
Equity in earnings of investee	−206,000	−5	−4	−4	−3
Total other expense (income)	160	165	169	122	124
Income before income tax expense	614	367	507	456	397
Income tax expense (note 12)	21	5	10	17	9
Net income	593	363	497	439	388
Net income attributable to non-controlling interest	6	1	1	0	0
Net income attributable to controlling interest	587	362	496	439	388
Preferred stock dividends	365,000	365,000	365,000	365,000	365,000
Net income applicable to common stock	587	362	495	438	388
Basic earnings per share (in usd per share)	5.78	3.54	4.86	4.32	3.83
Diluted earnings per share (in usd per share)	5.77	3.52	4.85	4.31	3.83
Cash dividends declared per share of common stock (in usd per share)	6.45	5.65	5	5	4
Weighted average number of shares outstanding basic (in shares)	102	102	102	102	101
Weighted average common shares outstanding diluted (in shares)	102	103	102	102	101
Foreign currency translation adjustments	108,000	−3	231,000	−2	−79,000
Comprehensive income	593	360	497	437	388
Net income attributable to non-controlling interest	6	1	1	0	0
Comprehensive income attributable to controlling interest	587	359	496	437	388

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	65	49	45	53	100
Receivables, net of allowance for doubtful accounts of $11,856 and $12,404 as of 2025 and 2024, respectively	341	335	301	285	270
Other current assets	54	41	27	27	19
Total current assets	460	425	373	365	389
Property, plant and equipment (note 5)	4,767	4,575	4,275	4,109	3,782
Less accumulated depreciation and amortization	−3,088	−2,974	−2,708	−2,609	−2,445
Net property, plant and equipment	1,679	1,601	1,566	1,500	1,337
Operating lease right of use assets	1,504	1,355	1,315	1,272	1,225
Financing lease right of use assets	5	8	11	14	17
Goodwill (note 6)	2,111	2,035	2,035	2,035	1,936
Intangible assets, net (note 6)	1,114	1,063	1,171	1,207	1,045
Other assets	59	99	91	83	98
Total assets	6,932	6,587	6,564	6,475	6,047
Trade accounts payable	16	22	18	20	16
Current maturities of long-term debt, net of deferred financing costs of $396 and $611 in 2025 and 2024, respectively (note 9)	250	250	250	250	175
Current operating lease liabilities (note 7)	232	218	211	206	198
Current financing lease liabilities (note 7)	1	1	1	1	1
Accrued expenses (note 8)	139	134	107	118	135
Deferred income	155	154	127	132	137
Total current liabilities	794	778	714	726	663
Long-term debt, net of deferred financing costs of $29,517 and $22,826 in 2025 and 2024, respectively (note 9)	3,169	2,961	3,091	3,063	2,839
Operating lease liabilities (note 7)	1,254	1,114	1,075	1,036	995
Financing lease liabilities (note 7)	12	13	15	16	17
Noncurrent deferred tax liabilities	749,000	8	12	10	6
Asset retirement obligation (note 10)	625	615	398	390	269
Other liabilities	53	49	42	39	40
Total liabilities	5,907	5,539	5,347	5,280	4,830
Series AA preferred stock, par value $0.001, $63.80 cumulative dividends, 5,720 shares authorized; 5,720 shares issued and outstanding at 2025 and 2024	0	0	0	0	0
Additional paid-in-capital	2,351	2,159	2,103	2,062	2,001
Accumulated comprehensive loss	−3	−3	−428,000	−659,000	855,000
Accumulated deficit	−1,106	−1,037	−819	−804	−734
Cost of shares held in treasury, 2,338,692 and 890,558 shares at 2025 and 2024, respectively	−231	−73	−67	−61	−51
Non-controlling interest	13	849,000	414,000	0	—
Stockholders equity	1,025	1,048	1,217	1,195	1,217
Total liabilities and stockholders equity	6,932	6,587	6,564	6,475	6,047

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	34	45	23	23	37
Amortization included in interest expense	6	6	7	6	6
Deferred tax (benefit) expense	−8	−4	2	3	2
Provision for doubtful accounts	9	9	13	9	5
Receivables	−16	−43	−29	−23	−25
Prepaid expenses	−3	−3	1	−906,000	−5
Other assets	−13	−7	−3	3	5
Trade accounts payable	−773,000	3	−307,000	1	1
Accrued expenses	8	19	−2	−11	10
Operating lease liabilities	11	7	2	7	4
Other liabilities	−10	26	−11	−5	20
Cash flows provided by operating activities	864	874	784	782	734
Capital expenditures	−181	−125	−178	−167	−126
Acquisitions	−191	−45	−139	−480	−312
Decrease in notes receivable	69,000	65,000	62,000	12	107,000
Proceeds from disposition of assets and investments	127	6	7	16	6
Cash flows used in investing activities	−245	−165	−310	−619	−462
Net proceeds from issuance of common stock	18	21	16	19	19
Cash used for purchase of treasury shares	−158	−5	−6	−11	−6
Proceeds received from revolving credit facility	442	783	403	445	200
Payments on revolving credit facility	−726	−569	−378	−575	−25
Principal payments on long-term debt	−420,000	−400,000	−381,000	—	—
Principal payments on financing leases	−1	−1	−1	−1	−1
Payments on senior credit facility term loans	−600	−350	0	—	—
Proceeds from senior credit facility term loans	698	0	0	—	—
Proceeds received from accounts receivable securitization program	174	86	115	265	180
Payments on accounts receivable securitization program	−174	−86	−115	−190	−128
Proceeds received from note offering	400	0	0	0	550
Debt issuance costs	−14	−464,000	−3	−2	−9
Distributions to non-controlling interest	−6	−2	−1	−814,000	−601,000
Dividends/distributions	−656	−579	−511	−509	−405
Cash flows used in financing activities	−604	−703	−482	−209	−295
Effect of exchange rate changes in cash and cash equivalents	252,000	−423,000	127,000	−391,000	81,000
Net increase (decrease) in cash and cash equivalents	15	5	−8	−47	−22
Cash paid for interest	148	166	168	120	112
Cash paid for state, federal, and foreign income taxes	29	9	11	16	8

Filings

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Frequently asked questions

What is LAMAR ADVERTISING CO/NEW's CIK number?

LAMAR ADVERTISING CO/NEW's SEC CIK number is 0001090425 (1090425). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find LAMAR ADVERTISING CO/NEW's SEC filings?

All of LAMAR ADVERTISING CO/NEW's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did LAMAR ADVERTISING CO/NEW last report earnings?

LAMAR ADVERTISING CO/NEW (LAMR) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001090425-26-000014). This is LAMAR ADVERTISING CO/NEW's most recent earnings filing of record — not a forecast of its next earnings date.

What is LAMAR ADVERTISING CO/NEW's most recent earnings 8-K?

LAMAR ADVERTISING CO/NEW's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001090425-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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