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Lamar Advertising LAMR Puerto Rico — Changes in valuation allowances

Discontinued — last reported Q4 '24

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FLSBRAZIL — Change in valuation allowances
$4.73M
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BURLPR — Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
$1M-28.6%
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BURLPR — Tax Credit Carryforward Amount
$6.9M-37.8%
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BPOPPR — Deferred Tax Assets Liabilities Net Before Valuation Allowance
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BPOPPR — Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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BPOPPR — Deferred Tax Assets Tax Credit Carryforwards Other

Other financials

Income statement

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Revenue$528.0M+4.5%
Gross profit$344.7M+5.9%
Operating income$146.1M-23.6%
Net income$101.3M-27.0%
EPS (diluted)$1.00-25.9%

Balance sheet

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Cash & equivalents$39.3M+8.7%
Total debt$5.0B+8.9%
Total equity$981.7M-4.8%
Total assets$6.9B+5.6%

Cash flow

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Operating cash flow$147.4M+15.4%
CapEx$33.1M+10.9%
Free cash flow$114.3M+16.8%

Valuation

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Market cap$15.19B+10.2%
Enterprise value$20.1B+9.8%
P/E27.6×-4.9×
P/S6.6×+0.4×

Profitability

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Gross margin67.2%+0.3pp
Operating margin31.8%+4.8pp
Net margin24%+4.9pp
FCF margin30.6%-4.0pp

Returns & leverage

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Return on equity54.6%+16.4pp
Debt / equity+0.6×
Current ratio0.6×0.0×

Where this comes from

Reported directly by Lamar Advertising in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance.

The official record: Lamar Advertising’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lamar Advertising's puerto rico — changes in valuation allowances?
Lamar Advertising (LAMR) reported puerto rico — changes in valuation allowances of $137K in Q4 2024.
How has Lamar Advertising's puerto rico — changes in valuation allowances changed year-over-year?
Lamar Advertising's puerto rico — changes in valuation allowances decreased by 37.4% year-over-year, from $218.75K to $137K.
What is the long-term trend for Lamar Advertising's puerto rico — changes in valuation allowances?
Over 3 years (2021 to 2024), Lamar Advertising's puerto rico — changes in valuation allowances has grown at a -29.5% compound annual growth rate (CAGR), from -$1.56M to $548K.
What does puerto rico — changes in valuation allowances mean?
The net change in the reserve set aside for tax assets that may not be recoverable in the Puerto Rico market.
How do you interpret puerto rico — changes in valuation allowances?
An increase suggests management has reduced the expected realizability of tax assets, while a decrease indicates improved confidence in utilizing those tax benefits.
How does puerto rico — changes in valuation allowances compare across companies?
Commonly reported by multinational firms with significant regional tax operations; peers often disclose this in tax footnote reconciliations.