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Lamar Advertising Income Statement

Revenue, expenses, and profitability over time

Lamar Advertising generated $2.3B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $549.7M with a 24.02% net margin. Gross margin stands at 67.22% and operating margin at 31.85%. Diluted EPS is $5.42, which grew 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.3BGross Profit (TTM)$1.5BOperating Income (TTM)$728.9MNet Income (TTM)$549.7MEps Diluted (TTM)$5.42
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$15.5B
P/E Ratio28.13
ROE54.61%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$235.4M$77.8M$78.1M$86.3M$84.1M$81.9M
General and administrative$92.6M$95M$89.3M$93M$91.4M$97.6M
Corporate expenses (exclusive of depreciation and amortization)$29M$31.2M$31.6M$31.6M$31.8M$31.7M
Total operating expenses$542.9M$314.2M$381.6M$396.5M$399.9M$381.9M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.00$1.35$1.52$1.40$1.50$1.00
Diluted earnings per share$0.00$1.35$1.52$1.40$1.50$1.00
Weighted-average shares, basic102.3M102.4M101.3M101.2M101.6M101.4M
Weighted-average shares, diluted102.6M102.8M101.7M101.3M101.6M101.5M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$3M$380K-$174K$0$0$0
Gain (loss) on disposal of assets$571K$69.8M$4.2M$2.2M$0$12.6M
Interest expense$39.9M$38.3M$40.7M$41.2M$40.2M$40.5M
Interest income$614K$492K$597K$758K$737K$371K
Other income (expense), net-$36.3M-$37.5M-$40.3M-$42.4M-$39.5M-$40.2M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$393.2M$325.4M$392.5M$397.8M$403.6M$344.7M
Operating income$36.7M$191.2M$197.7M$189.1M$196.1M$146.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$330K$153.8M$157.4M$146.6M$156.6M$105.9M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$1.3M$14.5M$2.4M$2.6M$1.8M$4.1M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$0$138.8M$154.4M$141.8M$152.3M$101.3M
Preferred stock dividends$92K$91K$91K$91K$92K$91K

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends declared (in dollars per share)$1.65$1.55$1.55$1.55$1.80$1.60
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$0$138.4M$155.4M$141.1M$152.4M$100.8M
Depreciation, Amortization and Accretion, Net$235.4M$77.8M$78.1M$86.3M$84.1M$81.9M
Gain (Loss) on Disposition of Assets$571K$69.8M$4.2M$2.2M$0$12.6M
Foreign currency translation gains (losses)-$1.7M-$321K$1M-$672K$84K-$448K

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$186.4M$180M$186.8M$187.7M$192.4M$183.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$579.6M$505.4M$579.3M$585.5M$595.9M$528M