The Tip Desk

LAMAR ADVERTISING CO/NEW

Company Stats

Market Cap
$14.6B
as of Sep 30, 2026
Enterprise Value
$18.0B
Shares Outstanding
101.5M
Free Float
80.5%

Income Statement

Revenue
$2.3B
Operating Income
$774.1M
Net Income
$587.2M
EBITDA
$1.1B
Revenue Growth, 3Y
3.7%
FCF Margin, 3Y Avg
30.9%
FCF Margin, Worst Year
28.7%

Cash Flow

Free Cash Flow
$683.2M
FCF Yield
4.7%
Owner FCF Yield
4.4%

Balance Sheet

Cash & Equivalents
$64.8M
Total Debt
$3.4B
Net Debt
$3.4B
Net Debt / EBITDA
3.08x
EV / EBITDA
16.37x
Net Debt / EBIT
4.37x

Returns & Capital

Dividends Paid
$662.1M
Dividend Yield
4.5%
Dividend Payout, 3Y Avg
125.4%
Share Repurchases
$157.9M
Buyback Yield, 3Y Avg
0.4%
SBC, 3Y Avg
$33.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.3B$683.2M30.1%
FY2024$2.2B$748.3M33.9%
FY2023$2.1B$605.3M28.7%
FY2022$2.0B$614.5M30.2%
FY2021$1.8B$608.3M34.0%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage