The Filings Report

Lamar Advertising Co

LAMRNasdaqCIK 1090425Real Estate / REITsfiscal year ends December69 quarters since 2009

Revenue, Q2 FY2026
—
no year-earlier figure
Net income
$161M
+4.1% on Q2 FY2025
Free cash flow
$210M
+9.6% on Q2 FY2025
Diluted EPS
$1.58
+3.9% on Q2 FY2025
Revenue, TTM
—
trailing four quarters
Net margin, TTM
—
net income $556M
Free cash flow, TTM
$718M
$907M less $189M capex
Cash and equivalents
$68M
long-term debt $3.3B, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
$6M
no yield
Dividends, TTM
—
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 6, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Lamar Advertising Co reported no revenue line, and net income of $161M (+4.1%). Free cash flow, operating cash flow less capital expenditures, was $210M ($252M less $43M). Diluted earnings per share were $1.58.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 6, 2026.

Revenue and net incomeRevenueNet income
−$50M$0$50M$100M$150M$200MQ3'22, Net income: $146MQ3'22Q4'22, Net income: $66MQ4'22Q1'23, Net income: $76MQ1'23Q2'23, Net income: $131MQ2'23Q3'23, Net income: $140MQ3'23Q4'23, Net income: $149MQ4'23Q1'24, Net income: $78MQ1'24Q2'24, Net income: $137MQ2'24Q3'24, Net income: $147MQ3'24Q4'24, Net income: −$1MQ4'24Q1'25, Net income: $139MQ1'25Q2'25, Net income: $154MQ2'25Q3'25, Net income: $142MQ3'25Q4'25, Net income: $152MQ4'25Q1'26, Net income: $101MQ1'26Q2'26, Net income: $161MQ2'26−$50M$0$50M$100M$150M$200MQ3'22, Net income: $146MQ4'22, Net income: $66MQ4'22Q1'23, Net income: $76MQ2'23, Net income: $131MQ2'23Q3'23, Net income: $140MQ4'23, Net income: $149MQ4'23Q1'24, Net income: $78MQ2'24, Net income: $137MQ2'24Q3'24, Net income: $147MQ4'24, Net income: −$1MQ4'24Q1'25, Net income: $139MQ2'25, Net income: $154MQ2'25Q3'25, Net income: $142MQ4'25, Net income: $152MQ4'25Q1'26, Net income: $101MQ2'26, Net income: $161MQ2'26

Net income losses drawn in red.

Free cash flow
$0$100M$200M$300MQ3'22, Free cash flow: $183MQ3'22Q4'22, Free cash flow: $194MQ4'22Q1'23, Free cash flow: $66MQ1'23Q2'23, Free cash flow: $147MQ2'23Q3'23, Free cash flow: $183MQ3'23Q4'23, Free cash flow: $208MQ4'23Q1'24, Free cash flow: $81MQ1'24Q2'24, Free cash flow: $234MQ2'24Q3'24, Free cash flow: $197MQ3'24Q4'24, Free cash flow: $236MQ4'24Q1'25, Free cash flow: $98MQ1'25Q2'25, Free cash flow: $191MQ2'25Q3'25, Free cash flow: $186MQ3'25Q4'25, Free cash flow: $208MQ4'25Q1'26, Free cash flow: $114MQ1'26Q2'26, Free cash flow: $210MQ2'26$0$100M$200M$300MQ3'22, Free cash flow: $183MQ4'22, Free cash flow: $194MQ4'22Q1'23, Free cash flow: $66MQ2'23, Free cash flow: $147MQ2'23Q3'23, Free cash flow: $183MQ4'23, Free cash flow: $208MQ4'23Q1'24, Free cash flow: $81MQ2'24, Free cash flow: $234MQ2'24Q3'24, Free cash flow: $197MQ4'24, Free cash flow: $236MQ4'24Q1'25, Free cash flow: $98MQ2'25, Free cash flow: $191MQ2'25Q3'25, Free cash flow: $186MQ4'25, Free cash flow: $208MQ4'25Q1'26, Free cash flow: $114MQ2'26, Free cash flow: $210MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$1B$2B$3B$4BQ3'22, Cash and equivalents: $79MQ3'22, Long-term debt: $3.0BQ3'22Q4'22, Cash and equivalents: $53MQ4'22, Long-term debt: $3.1BQ4'22Q1'23, Cash and equivalents: $34MQ1'23, Long-term debt: $3.1BQ1'23Q2'23, Cash and equivalents: $48MQ2'23, Long-term debt: $3.2BQ2'23Q3'23, Cash and equivalents: $39MQ3'23, Long-term debt: $3.2BQ3'23Q4'23, Cash and equivalents: $45MQ4'23, Long-term debt: $3.1BQ4'23Q1'24, Cash and equivalents: $36MQ1'24, Long-term debt: $2.8BQ1'24Q2'24, Cash and equivalents: $78MQ2'24, Long-term debt: $2.7BQ2'24Q3'24, Cash and equivalents: $30MQ3'24, Long-term debt: $3.0BQ3'24Q4'24, Cash and equivalents: $49MQ4'24, Long-term debt: $3.0BQ4'24Q1'25, Cash and equivalents: $36MQ1'25, Long-term debt: $3.0BQ1'25Q2'25, Cash and equivalents: $56MQ2'25, Long-term debt: $3.1BQ2'25Q3'25, Cash and equivalents: $22MQ3'25, Long-term debt: $3.2BQ3'25Q4'25, Cash and equivalents: $65MQ4'25, Long-term debt: $3.2BQ4'25Q1'26, Cash and equivalents: $39MQ1'26, Long-term debt: $3.3BQ1'26Q2'26, Cash and equivalents: $68MQ2'26, Long-term debt: $3.3BQ2'26$0$1B$2B$3B$4BQ3'22, Cash and equivalents: $79MQ3'22, Long-term debt: $3.0BQ4'22, Cash and equivalents: $53MQ4'22, Long-term debt: $3.1BQ4'22Q1'23, Cash and equivalents: $34MQ1'23, Long-term debt: $3.1BQ2'23, Cash and equivalents: $48MQ2'23, Long-term debt: $3.2BQ2'23Q3'23, Cash and equivalents: $39MQ3'23, Long-term debt: $3.2BQ4'23, Cash and equivalents: $45MQ4'23, Long-term debt: $3.1BQ4'23Q1'24, Cash and equivalents: $36MQ1'24, Long-term debt: $2.8BQ2'24, Cash and equivalents: $78MQ2'24, Long-term debt: $2.7BQ2'24Q3'24, Cash and equivalents: $30MQ3'24, Long-term debt: $3.0BQ4'24, Cash and equivalents: $49MQ4'24, Long-term debt: $3.0BQ4'24Q1'25, Cash and equivalents: $36MQ1'25, Long-term debt: $3.0BQ2'25, Cash and equivalents: $56MQ2'25, Long-term debt: $3.1BQ2'25Q3'25, Cash and equivalents: $22MQ3'25, Long-term debt: $3.2BQ4'25, Cash and equivalents: $65MQ4'25, Long-term debt: $3.2BQ4'25Q1'26, Cash and equivalents: $39MQ1'26, Long-term debt: $3.3BQ2'26, Cash and equivalents: $68MQ2'26, Long-term debt: $3.3BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 6, 2026.

Lamar Advertising Co income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 20, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue—————————
Cost of revenue194183192188187180186183+4.0%
Gross profit—————————
Research and development—————————
Selling, general and administrative9698919389959391+7.7%
Operating income20814619618919819137187+5.2%
Other income (expense)(41)(40)(39)(42)(40)(37)(36)(40)−0.7%
Pretax income1671061571471571540147+6.3%
Income tax34232151(1)+14.9%
Net income161101152142154139(1)147+4.1%
Diluted EPS ($)1.581.00—1.401.521.35—1.44+3.9%
Diluted shares (millions)102101—101102103—103—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 6, 2026.

Lamar Advertising Co balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 20, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents6839652256364930+21.9%
Short-term investments—————————
Total current assets494426460408458405425412+7.9%
Total assets6,9926,9136,9326,8236,6746,5476,5876,520+4.8%
Total current liabilities787735794695783717778739+0.6%
Long-term debt3,2643,2533,1693,1693,1142,9642,9612,996+4.8%
Total liabilities5,9965,9325,9075,7785,7675,5165,5395,307+4.0%
Stockholders’ equity—————————
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 6, 2026.

Lamar Advertising Co cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 20, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow252147271236229128279227+10.0%
Capital expenditures4333635038304330+11.8%
Free cash flow (CFO − capex)21011420818619198236197+9.6%
Depreciation and amortization84828486787823575+8.1%
Share repurchases06001322600−100.0%
Dividends paid163163—157157159—143+3.7%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 20, 2026.

Income statement

Lamar Advertising Co income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 20, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 25, 2016FY2014ended Dec 31, 2014filed Feb 26, 2015FY2013ended Dec 31, 2013filed Feb 27, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Revenue——————————————————
Cost of revenue747728697667577558590562541526————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative369361345351327288318289276269242231232211202199187207
Operating income77453267557852141051846145543938327922321518414098179
Other income (expense)(160)(165)(169)(122)(124)(162)(150)(145)(128)(127)(98)(135)(160)(198)(171)(203)192(167)
Pretax income614367507456397248368316327312285143631612(64)(94)12
Income tax215101795(4)1191322(110)2386(23)(36)9
Net income5873624964393882433723053182992632544087(40)(58)2
Diluted EPS ($)5.773.524.854.313.832.413.713.083.233.052.722.660.420.080.07(0.44)(0.64)0.02
Diluted shares (millions)1021031021021011011009998989695959493,17492,2619292

Balance sheet

Lamar Advertising Co balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 20, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 25, 2016FY2014ended Dec 31, 2014filed Feb 26, 2015FY2013ended Dec 31, 2013filed Feb 27, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Cash and equivalents6549455310012226211153622263359349211214
Short-term investments——————————————————
Total current assets460425373365389381310364421314282273282301257309368—
Total assets6,9326,5876,5646,4756,0475,7915,9414,5454,2143,8993,3643,3193,4023,5143,4273,6493,944—
Total current liabilities794778714726663548673455326277237225245219161154264—
Long-term debt3,1692,9613,0913,0632,8392,7642,7542,6852,5392,3151,8751,8841,8832,1282,1412,4032,554—
Total liabilities5,9075,5395,3475,2804,8304,5894,7613,4133,1112,8292,3432,3372,4692,6522,5882,8303,112—
Stockholders’ equity———1,1951,2171,2031,1801,1321,1031,0701,021981933862828809832871
Shares outstanding (millions)——————————————————

Cash flow statement

Lamar Advertising Co cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 20, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 25, 2016FY2014ended Dec 31, 2014filed Feb 26, 2015FY2013ended Dec 31, 2013filed Feb 27, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Operating cash flow864874784782734570631565507522——395376319323294347
Capital expenditures181125178167126621411181091081101081061061074339198
Free cash flow (CFO − capex)683748605615608508490447398414——289270212279255148
Depreciation and amortization326463293349271251250225211205191258301296300313337332
Share repurchases15856116109496634132093
Dividends paid——————————————————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$1M
1 sales by 1 insider; officers and directors $1M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$4M
4 sales by 3 insiders; officers and directors $4M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 14, 2026Reifenheiser Thomas VDirectoropen-market sale8,099$149.03$1M36,387Sep 16, 2026
Jun 23, 2026Reifenheiser Thomas VDirectorgift328$0.00—44,486Jun 24, 2026
Jun 12, 2026Reilly AnnaDirectoraward485$0.00—148,463Jun 15, 2026
May 14, 2026Landrieu MitchellDirectoraward542$0.00—1,192May 18, 2026
May 14, 2026Reifenheiser Thomas VDirectoraward542$0.00—44,814May 18, 2026
May 14, 2026Fletcher NancyDirectoraward644$0.00—7,053May 18, 2026
May 14, 2026Koerner John E IIIDirectoraward644$0.00—34,424May 18, 2026
May 14, 2026Reilly WendellDirectoraward508$0.00—7,672May 18, 2026
May 14, 2026Thompson Elizabeth MaryDirectoraward542$0.00—5,608May 18, 2026
May 14, 2026Loeb Marshall ADirectoraward542$0.00—6,418May 18, 2026
May 14, 2026Mumblow Stephen PDirectoraward678$0.00—9,377May 18, 2026
May 11, 2026Johnson Jay LeCoryelleCFO, Treasurer, EVPopen-market sale10,000$157.02$2M0May 12, 2026
Mar 23, 2026Reilly Ross LamarEVP, President, Outdoor Divoption exercise9,000$65.82$592K21,819Mar 25, 2026
Mar 23, 2026Reilly Ross LamarEVP, President, Outdoor Divopen-market sale5,969$128.65$768K15,850Mar 25, 2026
Mar 5, 2026Johnson Jay LeCoryelleCFO, Treasurer, EVPopen-market saleindirect1,260$137.56$173K0Mar 6, 2026
Mar 2, 2026Johnson Jay LeCoryelleCFO, Treasurer, EVPoption exerciseindirect1,260$0.00—1,260Mar 4, 2026
Feb 18, 2026Reilly Ross LamarEVP, President, Outdoor Divtax withholding444$133.73$59K12,819Feb 20, 2026
Feb 18, 2026Reilly Ross LamarEVP, President, Outdoor Divaward1,600$0.00—13,263Feb 20, 2026
Aug 22, 2025Johnson Jay LeCoryelleCFO, Treasurer, EVPopen-market saleindirect8,120$123.00$999K13,880Aug 25, 2025
Aug 22, 2025Johnson Jay LeCoryelleCFO, Treasurer, EVPopen-market saleindirect7,180$125.59$902K0Aug 25, 2025
Aug 22, 2025Johnson Jay LeCoryelleCFO, Treasurer, EVPopen-market saleindirect6,700$124.44$834K7,180Aug 25, 2025
Aug 19, 2025Johnson Jay LeCoryelleCFO, Treasurer, EVPoption exerciseindirect22,000$0.00—22,000Aug 20, 2025
May 27, 2025Landrieu MitchellDirectoraward650$0.00—650May 28, 2025
May 15, 2025Fletcher NancyDirectoraward684$0.00—6,409May 19, 2025
May 15, 2025Thompson Elizabeth MaryDirectoraward684$0.00—5,066May 19, 2025

Full insider history for Lamar Advertising Co, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
LAMAR ADVERTISING CO/NEW, CIK 1090425 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt, LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/LAMR.json