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Lamar Advertising Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Lamar Advertising holds $6.9B in total assets. Shareholders' equity is $981.7M against $5.0B in total debt. Cash and equivalents total $39.3M. The current ratio is 0.580 and debt-to-equity is 5.05. Based on the Q1 2026 filing.

Total Assets$6.9BTotal Stockholders Equity$981.7MLong Term Debt$3.3BCash And Equivalents$39.3MTotal Current Assets$426.4MTotal Current Liabilities$735.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$15.5B
P/E Ratio28.13
ROE54.61%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$21.6M$25.8M$27.5M$26.2M$16.5M$16M
Accrued expenses$133.9M$111.6M$112.3M$123.4M$138.7M$113.2M
Other Commercial Liabilities$133.9M$111.6M$112.3M$123.4M$138.7M$113.2M
Accrued Liabilities, Current$133.9M$111.6M$112.3M$123.4M$138.7M$113.2M
Current portion of long-term debt$249.8M$223.4M$249.9M$180M$250M$242.2M
Deferred revenue$153.7M$162.3M$189.1M$162M$155.1M$165M
Finance Lease Liability, Current$1.3M$1.3M$1.3M$1.3M$1.3M$1.3M
Lease Liability Payments - 2020 (Remaining Three Months)—$167M$109.6M$48.6M—$174.4M
Operating Lease Liability Payments - 2024 (Lessee)—$192.4M$198.3M$211.3M—$198.9M
Operating Lease Liability Payments - 2025 (Lessee)—$142.2M$148.9M$160.3M—$150.1M
Lease Liability Payments - Due Year Two—$192.4M$198.3M$211.3M—$198.9M
Lease Liability Payments - Due Year Three—$163.1M$169.5M$181.7M—$176.7M
Lease Liability Payments - Due Year Four—$142.2M$148.9M$160.3M—$150.1M
Lease Liability Payments - Remainder of Fiscal Year—$218.1M$230.5M$248.4M—$229.2M
Operating lease liabilities, current$218.1M$193M$202.5M$202.2M$232.5M$197.2M
Operating Lease Liability Payments Due—$1.9B$1.9B$2B—$2.1B
Operating Lease Liability - Undiscounted Excess Amount—$537M$538.3M$608.4M—$620.9M
Total current liabilities$778.5M$717.3M$782.7M$695.1M$794M$735M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$334.8M$308.1M$345.9M$340.8M$341.2M$323.6M
Allowance for Doubtful Accounts$12.4M$11.9M$12M$12.9M$11.9M$12.4M
Allowance for Doubtful Accounts Receivable (Current)$12.4M$11.9M$12M$12.9M$11.9M$12.4M
Cash and cash equivalents$49.5M$36.1M$55.7M$22M$64.8M$39.3M
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$49.5M$36.1M$55.7M$22M$64.8M$39.3M
Other current assets$41M$61.1M$55.9M$44.8M$53.7M$63.6M
Deferred Finance Costs, Current$611K$557K$503K$449K$396K$342K
Prepaid expenses and other current assets$41M$61.1M$55.9M$44.8M$53.7M$63.6M
Total current assets$425.3M$405.3M$457.5M$407.6M$459.7M$426.4M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.2B$2.2B$2.2B$2.3B$2.4B$2.4B
Accumulated other comprehensive income (loss)-$3M-$3.3M-$2.3M-$2.9M-$2.8M-$3.2M
Convertible Preferred Stock Authorized Shares5.7K5.7K5.7K5.7K5.7K5.7K
Convertible Preferred Stock Issued Shares5.7K5.7K5.7K5.7K5.7K5.7K
Convertible Preferred Stock Outstanding Shares5.7K5.7K5.7K5.7K5.7K5.7K
Additional paid-in capital$2.2B$2.2B$2.2B$2.3B$2.4B$2.4B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0$0$0$0$0$0
Noncontrolling interests$849K$1.6M$1.8M$13.1M$13.2M$11.9M
Preferred stock$0$0$0$0$0$0
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Retained earnings-$1B-$1.1B-$1.1B-$1.1B-$1.1B-$1.2B
Shares Reserved for Future Issuance Under Stock Plans—1.2M1.2M1.2M—936.5K
Total liabilities and stockholders' equity$6.6B$6.5B$6.7B$6.8B$6.9B$6.9B
Total stockholders' equity$1B$1B$906.9M$1B$1B$981.7M
Treasury stock$72.7M$99.1M$230.6M$230.6M$230.6M$236.7M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset retirement obligations$614.7M$615.7M$615.5M$623.4M$624.9M$626.5M
Debt Instrument Face Amount—$286M$434M$0—$80M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$23.4M$22M$20.5M$30.1M$29.9M$27.8M
Finance lease liabilities$13.3M$13M$12.6M$12.3M$12M$11.6M
Operating Lease Liability Payments - 2026 (Lessee)—$163.1M$169.5M$181.7M—$176.7M
Operating Lease Liability Payments - 2027 (Lessee)—$163.1M$169.5M$181.7M—$176.7M
Operating Lease Liability Payments - 2028 (Lessee)—$142.2M$148.9M$160.3M—$150.1M
Long-term debt$3B$3B$3.1B$3.2B$3.2B$3.3B
Long-Term Debt - Fair Value—$3.1B$3.3B$3.3B—$3.4B
Operating lease liabilities, non-current$1.1B$1.2B$1.2B$1.2B$1.3B$1.3B
Operating Lease Liabilities (Total)$1.3B$1.3B$1.4B$1.4B$1.5B$1.4B
Other non-current liabilities$48.6M$49M$51.1M$55.3M$52.6M$53.2M
Total Carrying Value of Debt$3.2B$3.2B$3.4B$3.4B$3.4B$3.5B
Total liabilities$5.5B$5.5B$5.8B$5.8B$5.9B$5.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$4.6B$4.6B$4.6B$4.7B$4.8B$4.8B
Line of Credit Remaining Borrowing Capacity—$455.2M$307.3M$742.2M—$662.2M
Allowance for doubtful accounts$12.4M$11.9M$12M$12.9M$11.9M$12.4M
Available cumulative credit$3.4B$3.4B$3.3B$3.4B$3.5B$3.5B
Balance of permitted transfers to parent company$4.7B$4.7B$4.6B$4.7B$4.7B$4.7B
Cash and cash equivalents, end of period$49.5M$36.1M$55.7M$22M$64.8M$39.3M
Long-term debt, gross$3.2B$3.2B$3.4B$3.4B$3.4B$3.5B
Debt Instrument Carrying Amount Current$250.4M$223.9M$250.4M$180.4M$250.4M$242.5M
Debt, excluding current maturities$3B$3B$3.1B$3.2B$3.2B$3.3B
Debt Instrument, Fair Value Disclosure—$3.1B$3.3B$3.3B—$3.4B
Deferred Finance Costs Noncurrent Net$22.8M$21.4M$20M$29.7M$29.5M$27.5M
Deferred income taxes$8M$743K$774K$165K$749K$2.2M
Current maturities of long-term debt$1.3M$1.3M$1.3M$1.3M$1.3M$1.3M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$8.3M$7.6M$6.9M$6.2M$5.5M$4.8M
Finite-Lived Intangible Assets, Accumulated Amortization$2.8B$2.8B$2.8B$2.9B$2.9B$3B
Gross Carrying Amount$3.8B$3.9B$3.9B$4B$4B$4.1B
Goodwill, accumulated amortization$253.5M$253.5M$253.5M$253.5M$253.5M$253.5M
Goodwill, Gross$2.3B$2.3B$2.3B$2.4B$2.4B$2.4B
Lessee Operating Lease Liability Payments Due—$1.9B$1.9B$2B—$2.1B
Thereafter—$1B$1.1B$1.2B—$1.1B
Lessee Operating Lease Liability Undiscounted Excess Amount—$537M$538.3M$608.4M—$620.9M
Amount outstanding under the credit facility—$286M$434M$0—$80M
Long Term Debt Net Of Deferred Financing Costs$3.2B$3.2B$3.4B$3.3B$3.4B$3.5B
Debt ratio related to actual position on senior credit facility700.0%700.0%700.0%700.0%700.0%700.0%
Debt ratio—700.0%700.0%700.0%—700.0%
Noncontrolling interests in subsidiaries$849K$1.6M$1.8M$13.1M$13.2M$11.9M
Operating Lease Weighted Average Discount Rate Percent—$0.1$0.1$0.1—$0.1
Preferred stock, cumulative dividends (in dollars per share)$63.80$63.80$63.80$63.80$63.80$63.80
Preferred Stock, Par or Stated Value Per Share$0$0$0$0$0$0
Preferred Stock, Shares Authorized$5.7K$5.7K$5.7K$5.7K$5.7K$5.7K
Preferred Stock, Shares Issued$5.7K$5.7K$5.7K$5.7K$5.7K$5.7K
Preferred Stock, Shares Outstanding$5.7K$5.7K$5.7K$5.7K$5.7K$5.7K
Incentive stock program, shares reserved for future grants (in shares)—$1.2M$1.2M$1.2M—$936.5K
Treasury stock, shares (in shares)$890.6K$890.6K$2.3M$2.3M$2.3M$2.4M
Remainder of Fiscal Year 2024—$167M$109.6M$48.6M—$174.4M
Weighted-Average Discount Rate—3.1%3.1%3.1%—3.1%
Weighted-Average Discount Rate - Finance Leases—$0$0$0—$0

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$8M$743K$774K$165K$749K$2.2M
Deferred Tax Assets and Other Non-Current Assets$99.2M$54M$56.3M$57.9M$58.6M$59M
Finite Lived Intangible Assets - Gross$3.8B$3.9B$3.9B$4B$4B$4.1B
Goodwill$2B$2B$2B$2.1B$2.1B$2.1B
Intangible assets, net$1.1B$1B$1.1B$1.1B$1.1B$1.1B
Net Investment in Lease$1.4B$1.4B$1.4B$1.5B$1.5B$1.5B
Intangible assets — net$1.1B$1B$1.1B$1.1B$1.1B$1.1B
Operating lease right-of-use assets$1.4B$1.4B$1.4B$1.5B$1.5B$1.5B
Other non-current assets$99.2M$54M$56.3M$57.9M$58.6M$59M
Property, plant and equipment at cost$4.6B$4.6B$4.6B$4.7B$4.8B$4.8B
Operating lease right-of-use assets135523100000.0%5.1%5.2%5.2%150417000000.0%5.3%
Operating Lease Right-of-Use Assets in Other Assets$1.4B$1.4B$1.4B$1.5B$1.5B$1.5B
Other non-current assets$99.2M$54M$56.3M$57.9M$58.6M$59M
Accumulated depreciation$3B$3B$3B$3.1B$3.1B$3.1B
Property and equipment, net$1.6B$1.6B$1.6B$1.7B$1.7B$1.7B
Software and Technology Licenses, Net$99.2M$54M$56.3M$57.9M$58.6M$59M
Total assets$6.6B$6.5B$6.7B$6.8B$6.9B$6.9B