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Lamar Advertising Co income statement

In fiscal 2025, Lamar Advertising Co reported revenue of $2.27bn, up 2.7% on the year before, operating income of $774m (a 34.2% margin) and net income of $587m, or $5.77 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1,5001,5411,6271,7541,5691,7872,0322,1112,2072,2662,326
Cost of revenue526541562590558577667697728747758
Gross profit9751,0001,0651,1641,0111,2111,3651,4141,4791,5191,569
General and administrative269276289318288327351345361369378
Operating income439455461518410521578675532774739
Interest expense124128130151138106128175172160163
Income before tax312327316368248397456507367614576
Income tax13911−459171052111
Net income299318305372243388439496362587556
Diluted EPS$3.05$3.23$3.08$3.71$2.41$3.83$4.31$4.85$3.52$5.77$5.49
Diluted shares (average)98m98m99m100m101m101m102m102m103m102m101m
EBITDA6446666867686617929279699951,1001,076

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lamar Advertising Co's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lamar Advertising Co.