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Lamar Advertising
(NASDAQ:LAMR)
Lamar Advertising (LAMR) vs. SPDR S&P 500 ETF (SPY)
Lamar Advertising Business Overview & Revenue Model
Lamar Advertising Earnings Call Summary
Lamar Advertising Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.23B | 2.21B | 2.11B | 2.03B | 1.79B | 1.57B |
| Gross Profit | 1.49B | 1.48B | 1.41B | 1.36B | 1.21B | 1.01B |
| EBITDA | 1.09B | 1.00B | 974.55M | 933.06M | 775.02M | 636.97M |
| Net Income | 440.05M | 361.87M | 495.76M | 438.65M | 388.09M | 243.39M |
Balance Sheet | ||||||
| Total Assets | 6.67B | 6.59B | 6.56B | 6.48B | 6.05B | 5.79B |
| Cash, Cash Equivalents and Short-Term Investments | 55.73M | 49.46M | 44.60M | 52.62M | 99.79M | 121.57M |
| Total Debt | 4.77B | 4.56B | 4.64B | 4.57B | 4.23B | 4.10B |
| Total Liabilities | 5.77B | 5.54B | 5.35B | 5.28B | 4.83B | 4.59B |
| Stockholders Equity | 905.07M | 1.05B | 1.22B | 1.20B | 1.22B | 1.20B |
Cash Flow | ||||||
| Free Cash Flow | 722.70M | 748.33M | 605.34M | 614.53M | 608.33M | 507.60M |
| Operating Cash Flow | 863.94M | 873.61M | 783.61M | 781.61M | 734.42M | 569.87M |
| Investing Cash Flow | -122.02M | -164.91M | -310.12M | 619.07M | 461.76M | -96.89M |
| Financing Cash Flow | -764.15M | -703.42M | -481.63M | -209.32M | -294.52M | -377.92M |
Lamar Advertising Technical Analysis
Lamar Advertising Risk Analysis
Lamar Advertising Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $4.15B | 26.66 | 7.56% | 6.40% | 1.37% | -16.66% | |
70 Outperform | $12.26B | 28.23 | 41.80% | 5.25% | 3.08% | -12.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $3.07B | 29.53 | 14.89% | 9.22% | -2.49% | -52.99% |
Lamar Advertising Corporate Events
On September 25, 2025, Lamar Advertising Company completed a private placement of $400 million in senior notes due in 2033, raising approximately $393.5 million in net proceeds. This financial maneuver is expected to impact Lamar Media’s operations by imposing certain restrictions on debt, investments, and asset sales, while also offering redemption options under specific conditions, potentially affecting the company’s financial flexibility and stakeholder interests.
The most recent analyst rating on (LAMR) stock is a Hold with a $133.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 25, 2025, Lamar Advertising Company completed a private placement of $400 million in senior notes due 2033, resulting in net proceeds of approximately $393.5 million. This financial move is expected to impact Lamar Media’s operations by providing capital while imposing certain restrictions on financial activities, such as incurring additional debt and making certain investments, which could influence the company’s strategic decisions and stakeholder interests.
The most recent analyst rating on (LAMR) stock is a Hold with a $133.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 23, 2025, Lamar Media Corp., a subsidiary of Lamar Advertising Company, amended its Credit Agreement to establish $700 million in new Term B Loans. This financial move allowed Lamar Media to repay $600 million of previously outstanding Term B Loans and reduce its revolving credit facility balance, with the new loans maturing in 2032 and offering flexible interest rate options.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 23, 2025, Lamar Advertising‘s subsidiary, Lamar Media Corp., amended its existing credit agreement to establish $700 million in new Term B Loans. The proceeds were used to repay existing loans and reduce the balance on a revolving credit facility, with the loans maturing in 2032 and bearing interest based on the Adjusted Term SOFR Rate or the Adjusted Base Rate.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 22, 2025, Lamar Advertising Company announced that its subsidiary, Lamar Media Corp., plans to sell $400 million in Senior Notes due 2033 through a private placement. The proceeds, expected to be around $393.5 million after expenses, will be used to repay existing debt under its senior credit facility and Accounts Receivable Securitization Program, potentially impacting the company’s financial structure and market positioning.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 22, 2025, Lamar Advertising Company announced that its subsidiary, Lamar Media Corp., plans to sell $400 million in 5.375% Senior Notes due 2033 through a private placement. The proceeds, expected to be approximately $393.5 million after expenses, will be used to repay existing debt under Lamar Media’s senior credit facility and Accounts Receivable Securitization Program, potentially impacting the company’s financial structure and market positioning.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 22, 2025, Lamar Advertising Company announced a proposed private placement of $400 million in senior notes through its subsidiary, Lamar Media Corp. The proceeds from this offering are intended to repay existing debts under its senior credit facility and Accounts Receivable Securitization Program. Additionally, Lamar Media Corp. is seeking to amend its senior credit agreement to refinance its existing $600 million Term B Loan with a new $700 million facility. These financial maneuvers aim to strengthen Lamar’s financial position, although they carry risks related to market conditions and evolving ESG expectations, which could impact the company’s reputation and operations.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On September 22, 2025, Lamar Advertising Company announced a proposed private placement of $400 million in senior notes by its subsidiary, Lamar Media Corp. The proceeds from this offering are intended to repay existing indebtedness under its senior credit facility and Accounts Receivable Securitization Program. Additionally, Lamar Media Corp. is seeking to amend its senior credit agreement to refinance its existing $600 million Term B Loan facility with a new $700 million facility. This financial maneuver aims to strengthen Lamar’s financial position and manage its debt obligations, though it carries risks related to market conditions and ESG factors that could impact the company’s reputation and operations.
The most recent analyst rating on (LAMR) stock is a Buy with a $142.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
On August 27, 2025, Lamar Advertising Company announced that its Board of Directors declared a quarterly cash dividend of $1.55 per share, payable on September 30, 2025, to stockholders of record on September 19, 2025. This announcement reflects the company’s ongoing commitment to providing shareholder value, with expected total quarterly distributions in 2025 reaching at least $6.20 per common share.
The most recent analyst rating on (LAMR) stock is a Buy with a $136.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
Lamar Advertising Co’s recent earnings call conveyed a generally positive sentiment, underscored by continued revenue growth and a solid financial standing. The company celebrated strategic successes, such as the UPREIT transaction, but also acknowledged challenges, including revised AFFO guidance and hurdles in replacing political ad revenue, alongside the impact of exiting the Vancouver contract.
Lamar Advertising Company, a prominent player in the outdoor advertising sector, operates a vast network of billboard and digital displays across North America, catering to both local businesses and national brands. In its latest earnings report for the second quarter of 2025, Lamar Advertising reported net revenues of $579.3 million, marking a 2.5% increase from the previous year. The company also achieved a net income of $155.0 million, reflecting a 12.7% rise, and an adjusted EBITDA of $278.4 million, up by 2.5%. These results were bolstered by a milestone acquisition in the billboard industry, which is expected to contribute to future revenue growth. Key financial metrics for the quarter included a 5.5% increase in adjusted funds from operations (AFFO) and a 6.7% rise in diluted AFFO per share. Despite these positive results, the company has slightly revised its full-year guidance for diluted AFFO per share to a range of $8.10 to $8.20, down from the previous estimate. Looking ahead, Lamar Advertising remains optimistic about continued revenue growth in the second half of 2025, supported by strategic acquisitions and a robust digital billboard network.