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Lamar Advertising LAMR Reportable Segment — Adjusted EBITDA

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Other financials

Income statement

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Revenue$616.7M+6.5%
Gross profit$422.5M+7.6%
Operating income$208.0M+5.2%
Net income$160.7M+4.1%
EPS (diluted)$1.58+3.9%

Balance sheet

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Cash & equivalents$68.0M+21.9%
Total debt$5.0B+4.4%
Total equity$995.5M+9.8%
Total assets$7.0B+4.8%

Cash flow

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Operating cash flow$252.4M+10.0%
CapEx$42.7M+11.8%
Free cash flow$209.7M+9.6%

Valuation

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Market cap$16.05B+25.9%
Enterprise value$20.96B+20.0%
P/E28.9×-0.1×
P/S6.9×+1.2×

Profitability

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Gross margin67.4%+0.4pp
Operating margin31.8%+4.3pp
Net margin23.9%+4.1pp
FCF margin30.9%-1.6pp

Returns & leverage

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Return on equity58.5%+16.6pp
Debt / equity-0.3×
Current ratio0.6×0.0×

Where this comes from

Reported directly by Lamar Advertising in its filing.

Tagged under the XBRL concept lamr:EarningsBeforeInterestTaxDepreciationAndAmortizationAdjusted.

The source filing: Lamar Advertising’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:45 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001090425-26-000024
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Adjusted EBITDA$303,513$278,533$529,967$488,863
Stock-based compensation expense(14,066)(7,148)(25,269)(17,725)
Capitalized contract fulfillment costs, net4293807045
Depreciation and amortization(84,446)(78,110)(166,385)(155,931)
Gain on disposition of assets and investments2,6854,17615,28773,961
Equity in earnings of investee(174)206
Interest expense, net(40,577)(40,103)(80,745)(77,943)
Income before income tax expense$167,538$157,554$273,559$311,436

ITEM 1. — FINANCIAL STATEMENTS

FAQ

What is Lamar Advertising's reportable segment — adjusted EBITDA?
Lamar Advertising (LAMR) reported reportable segment — adjusted EBITDA of $303.51M in Q2 2026.
How has Lamar Advertising's reportable segment — adjusted EBITDA changed year-over-year?
Lamar Advertising's reportable segment — adjusted EBITDA increased by 9.0% year-over-year, from $278.53M to $303.51M.
What is the long-term trend for Lamar Advertising's reportable segment — adjusted EBITDA?
Over 3 years (2022 to 2025), Lamar Advertising's reportable segment — adjusted EBITDA has grown at a 4.1% compound annual growth rate (CAGR), from $938.08M to $1.06B.
What does reportable segment — adjusted EBITDA mean?
This metric represents the core operating profitability of the business segment by excluding non-cash items like depreciation and amortization, as well as non-recurring or non-operating expenses. It serves as a primary indicator of the segment's ability to generate cash flow from its advertising assets before accounting for capital structure and tax obligations.

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