LAMR - NASDAQ

Lamar Advertising Company

LAMR·NASDAQ

$150.70

+0.15%

Real EstateREIT - Specialty

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$15.29B

EPS5.7800

P/E Ratio26.07

Earnings Date08/14/2026

864.05M

Operating Cash Flow

-1%

3Y+11.0%

5Y+52.0%

10Y+66.0%

-244.63M

Investing Cash Flow

48%

3Y-60.0%

5Y+152.0%

10Y-64.0%

-604.32M

Financing Cash Flow

-14%

3Y+189.0%

5Y+60.0%

10Y-452.0%

Lamar Advertising Company Cash Conversion Engine

LAMR · NASDAQ

FCF Components

Net Income587.15M

Depreciation & Amortization332.61M

Stock-Based Compensation33.96M

Change in Working Capital-22.48M

Others-67.20M

Capital Expenditures-128.04M

Free Cash Flow736.01M

Cash Flow Quality Analysis

FCF Conversion Rate

125.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

14.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-1.6%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$22.48M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Lamar Advertising Company Cash Flow Statement

LAMR • NASDAQ

Lamar Advertising Company Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	587.2M	362.9M	495.8M	438.6M	388.1M	243.4M	372.1M	305.2M	317.7M	298.8M	262.6M	253.5M	40.1M	9.8M	8.6M	-40.1M	-58M	9.7M	46.2M	43.9M
Depreciation & Amortization	332.6M	463M	300.6M	349.4M	271.3M	251.3M	250M	225.3M	211.1M	205M	191.4M	258.4M	300.6M	296.1M	299.6M	312.7M	336.7M	331.7M	311.5M	306.5M
Change in Deferred Taxes	0.0	-4M	0.0	3.2M	1.6M	-797K	-14.1M	1.5M	804K	-343K	11.1M	-122.1M	18.7M	7.6M	3.7M	0.0	0.0	24.7M	6.1M	6.4M
Stock-Based Compensation	34M	44.5M	22.6M	23.1M	37.4M	18.8M	29.6M	29.4M	9.6M	28.6M	25.9M	24.1M	24.9M	14.5M	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	-67.2M	4.2M	6.5M	-4.9M	26.5M	34.8M	-427.4M	35.6M	7.3M	306K	2.4M	37.6M	31.2M	51M	20.2M	31.4M	14.3M	23.4M	34.7M	24.2M
Cash Taxes Paid	(0.0)	(8.5M)	(11.4M)	(16.3M)	(8.4M)	(4M)	(14.4M)	(8.6M)	(12.6M)	(14.2M)	(10.8M)	(12.8M)	(4.1M)	(2.4M)	(2.7M)	(3.5M)	(3.3M)	(0.0)	(0.0)	(0.0)
Change in Working Capital	-22.5M	3M	-41.9M	-28M	9.6M	22.4M	-15.5M	-32.2M	-39.5M	-10.5M	-15.8M	969K	-20.9M	-3.1M	-21M	18.8M	798K	-38.7M	-24.6M	-5.6M
Cash from Operating Activities	864M	873.6M	783.6M	781.6M	734.4M	569.9M	194.8M	564.8M	507M	521.8M	477.7M	452.5M	394.7M	375.9M	318.8M	322.8M	293.7M	346.5M	354.5M	364.5M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-128M	-125.3M	-178.3M	-167.1M	-126.1M	-62.3M	-141M	-117.6M	-109.3M	-107.6M	-110.4M	-107.6M	-105.7M	-105.6M	-107.1M	-43.5M	-38.8M	-198.1M	-220.5M	-223.4M
Acquisitions, Net	-191.1M	-45.4M	(0.0)	-479.8M	-312.3M	-45.6M	-226.3M	-477.4M	-297.3M	-585.1M	-153.9M	-65M	-92.2M	-206.1M	-23.5M	-6.7M	-4.5M	-250M	-153.6M	-227.6M
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	-30M	(0.0)	-448K	(0.0)	(0.0)	(0.0)	-7K	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	0.0	448K	9K	515K	21K	0.0	0.0	0.0	0.0	0.0	8.4M	0.0	0.0	0.0	0.0
Other Investing Items	74.5M	5.8M	-131.8M	27.8M	6.6M	11M	831.1M	1.2B	6.6M	11.7M	10.4M	8.6M	6M	615M	13.3M	240K	14.2M	10.6M	33M	12.1M
Cash from Investing Activities	-244.6M	-164.9M	-310.1M	-619.1M	-461.8M	-96.9M	(463.8M)	(584.1M)	-400.1M	-681M	-253.9M	-164M	-191.9M	(303.4M)	-117.3M	-41.5M	-29M	-437.4M	-341.1M	-438.9M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-157.9M	15.6M	9.7M	8.4M	13M	656K	-8.9M	58.6M	-9M	-6.2M	22.3M	17.6M	-4.2M	12.7M	2M	8.5M	4.8M	-82.2M	-376.3M	-338.7M
Net Issuance of Debt	212.5M	-137.7M	23.3M	218.3M	54.6M	-39.3M	90.5M	144.1M	203.5M	458.9M	19.5M	-54.6M	-243.4M	-59.8M	-261.1M	-310.6M	25.9M	110.4M	727.5M	410.4M
Cash Paid for Dividends	-656.2M	-579.2M	-510.6M	-508.6M	-405.2M	-252.3M	-385.2M	-443.1M	-244.2M	-294M	-265.5M	-238.8M	-365K	-365K	-365K	-365K	-365K	-365K	-318.7M	-365K
Share Repurchases	-157.9M	-5.3M	-6M	-10.5M	-6.1M	-10.5M	-8.9M	-4.1M	-9M	-6.2M	-6.1M	-3M	-4.2M	-1.1M	-3.5M	-1.6M	-44K	-93.4M	-390.5M	-373.9M
Other Financing Items	-2.7M	-2.1M	-4M	72.6M	43.1M	-87M	39.2M	166.8M	21.1M	13.2M	-1.1M	-18.5M	-89K	0.0	0.0	0.0	-198.7M	2.2M	6.7M	0.0
Cash from Financing Activities	-604.3M	-703.4M	-481.6M	-209.3M	-294.5M	-377.9M	-264.4M	-73.6M	-28.6M	171.9M	-224.8M	-294.3M	-227.2M	-47.4M	-259.4M	-302.4M	-168.3M	30M	39.3M	67M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	252K	-423K	127K	-391K	81K	313K	220K	-1.1M	1.6M	455K	-2.7M	-1.4M	-1.3M	315K	-300K	515K	1.8M	-1M	11.6M	-217K
Net Change in Cash	15.4M	4.9M	-8M	-47.2M	-21.8M	95.4M	4.7M	-94M	79.9M	13.2M	-3.7M	-7.2M	-25.7M	25.4M	-58.2M	-20.6M	98.1M	-61.9M	64.3M	-7.6M
Cash at Beginning of Period	49.5M	44.6M	52.6M	99.8M	121.6M	26.2M	21.5M	115.5M	35.5M	22.3M	26M	33.2M	58.9M	33.5M	91.7M	112.3M	14.1M	76M	11.8M	19.4M
Cash at End of Period	64.8M	49.5M	44.6M	52.6M	99.8M	121.6M	26.2M	21.5M	115.5M	35.5M	22.3M	26M	33.2M	58.9M	33.5M	91.7M	112.3M	14.1M	76M	11.8M
Free Cash Flow	736M	748.3M	605.3M	614.5M	608.3M	507.6M	53.8M	447.2M	397.7M	414.2M	367.2M	345M	289.1M	270.3M	211.8M	279.4M	254.9M	148.5M	133.9M	141.2M

SEC Filings

LAMR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 19, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 14, 2026	May 14, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 02, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 20, 2026	February 20, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 20, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	December 11, 2025	December 11, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 06, 2025	November 06, 2025	2025	View Filing

Showing 1 to 10 of 481 filings

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