LAMR Lamar Advertising Company - Class A Common Stock
$153.68
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$114–$166
76% of range
Analyst Rating
HOLD
13 analysts
Price Target
$162
+6% upside
P/E (TTM)
21.9
ROE
60.8%
Net Profit Margin
25.9%
About Lamar Advertising Company - Class A Common Stock Company overview from Wikipedia
Lamar Advertising Company is an American advertising company which operates billboards, logo signs, and transit displays in the United States and Canada and focused on outdoor advertising. The company was founded in 1902 by Charles W. Lamar and J.M. Coe, and is headquartered in Baton Rouge, Louisiana. The company has over 200 locations in the United States and Canada. They have reportedly more than 363,000 displays across the USA. Lamar Advertising Company became a real estate investment trust in 2014.
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Lamar Advertising Company is an American advertising company which operates billboards, logo signs, and transit displays in the United States and Canada and focused on outdoor advertising. The company was founded in 1902 by Charles W. Lamar and J.M. Coe, and is headquartered in Baton Rouge, Louisiana. The company has over 200 locations in the United States and Canada. They have reportedly more than 363,000 displays across the USA. Lamar Advertising Company became a real estate investment trust in 2014.
## History
Lamar Advertising Company was founded in 1902 by J.M. Coe and Charles W. Lamar. The Company became independent under its current name in 1908 in Pensacola, Florida, when Charles W. Lamar Sr. and J.M. Coe decided to dissolve their three-year partnership using a coin toss to divide their assets. The Pensacola Opera House and the Pensacola Advertising Company that was created to be divided between the two men. Charles W. Lamar lost the toss and was left with the less-lucrative poster company, which he renamed the Lamar Outdoor Advertising Company.
The Pensacola Opera House was destroyed during Hurricane Four of the 1917 Atlantic hurricane season, with the Saenger Theatre later built on the site.
On August 2, 1996, following an initial public offering (IPO), Lamar Advertising Company began trading on the NASDAQ with the ticker symbol LAMR. Shortly after the IPO filing, Lamar would go on to acquire several outdoor advertising companies across the United States; in September of 1996, the company acquired over 1,175 displays in Corpus Christi and Laredo, Texas from Revere National Corporation for $9 million, as well as 334 displays in the Panama City, Florida market from Southworth Advertising for $1 million. Later that month, the company announced it acquired FKM Advertising for $40 million, adding a total of 1,209 displays across Ohio and Pennsylvania (659 in the Youngstown market, and 550 on major highways in Pennsylvania). In October, the company acquired Outdoor East for $60 million, adding more than 3,800 displays across the southeastern United States. These acquisitions marked Lamar's entry into new markets in North Carolina, Pennsylvania, South Carolina, and West Virginia. Both the FKM and Outdoor East acquisitions were completed by the end of the year.
In October 2004, Lamar swapped assets in South Carolina and Georgia to Fairway Outdoor Advertising, in exchange for the Palm Springs, CA; Fayetteville, NC; Rocky Mount, NC; and New Bern, NC assets. Later in November, Lamar acquired Obie Media Corporation of Eugene, Oregon, adding outdoor displays in Idaho, Oregon, and Washington; as well as handling transit advertising contracts in a few areas.
In January 2016, Lamar purchased advertising rights in five major American markets from Clear Channel Outdoor for $458.5 million.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LAMR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$153.68
Market Cap
—
P/E (TTM)
21.9
EPS (TTM)
$5.77
Revenue (TTM)
$2.27B
Div Yield
—
ROE
60.8%
Debt/Equity
3.3
52W Range
$114 – $166
LAMR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2.27B
2016-12-31
→
2025-12-31
EPS
$5.77
2016-12-31
→
2025-12-31
Free Cash Flow
$683M
2016-12-31
→
2025-12-31
Margins
25.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LAMR
Peer Median
P/E (TTM)
21.9
20.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LAMR
Peer Median
Operating Margin
34.2%
—
Net Profit Margin
25.9%
33.0%
ROA
8.7%
4.1%
ROE
60.8%
11.4%
ROIC
16.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LAMR
Peer Median
Debt / Equity
3.3
—
Current Ratio
0.6
0.8
Quick Ratio
0.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LAMR
Peer Median
Revenue YoY
2.7%
—
Revenue CAGR 3Y
3.7%
—
Revenue CAGR 5Y
7.6%
—
EPS YoY
63.9%
—
Net Income YoY
62.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LAMR
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 16, 2026 | $1.6000 |
| March 16, 2026 | $1.6000 |
| Dec. 22, 2025 | $1.8000 |
| Sept. 19, 2025 | $1.5500 |
| June 16, 2025 | $1.5500 |
| March 14, 2025 | $1.5500 |
| Dec. 18, 2024 | $1.6500 |
| Sept. 18, 2024 | $1.4000 |
| June 17, 2024 | $1.3000 |
| March 14, 2024 | $1.3000 |
| Dec. 15, 2023 | $1.2500 |
| Sept. 15, 2023 | $1.2500 |
| June 15, 2023 | $1.2500 |
| March 16, 2023 | $1.2500 |
| Dec. 16, 2022 | $1.5000 |
| Sept. 16, 2022 | $1.2000 |
| June 16, 2022 | $1.2000 |
| March 18, 2022 | $1.1000 |
| Dec. 17, 2021 | $1.5000 |
| Sept. 17, 2021 | $1.0000 |
LAMR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 2 15.4%
- Buy 4 30.8%
- Hold 7 53.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-19
Median
$160.00
Mean
$162.20
Now
$153.68
Low
$151.00
High
$170.00
Median target
$160.00
+4.1%
Mean target
$162.20
+5.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.58 | $1.61 | -0.03% |
| March 31, 2026 | $1.00 | $0.85 | 0.15% |
| Dec. 31, 2025 | $1.50 | $1.66 | -0.16% |
| Sept. 30, 2025 | $1.40 | $1.58 | -0.18% |
| June 30, 2025 | $1.52 | $1.48 | 0.04% |
| March 31, 2025 | $1.35 | $1.40 | -0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LAMR | — | 21.9 | 2.7% | 25.9% | 60.8% | — |
| IRM | $24.54B | 169.3 | 12.2% | 2.2% | -20.5% | — |
| VICI | $30.05B | 10.8 | 4.1% | 69.3% | 10.2% | — |
| GLPI | $12.65B | 15.1 | 4.1% | 51.7% | 18.6% | — |
| OUT | $4.22B | 29.4 | 0.04% | 8.0% | 23.5% | — |
| MRP | — | 12.2 | — | 63.3% | 6.5% | — |
| EPR | — | 15.2 | 2.9% | 38.3% | 11.8% | — |
| FCPT | $2.49B | 21.2 | 9.7% | 38.2% | 7.2% | — |
| SAFE | $982M | 8.6 | 5.4% | 29.7% | 4.8% | — |
| FPI | $418M | 15.9 | -10.4% | 60.5% | 6.7% | — |
| LAND | $348M | -31.6 | 3.7% | 15.3% | 2.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B | $1.57B | $1.75B | $1.63B | $1.54B | $1.50B | |
| Cost of Revenue | $747M | $728M | $697M | $667M | $577M | $558M | $590M | $562M | $541M | $526M | |
| SG&A Expense | $369M | $361M | $345M | $351M | $327M | $288M | $318M | $289M | $276M | $269M | |
| Operating Expenses | $1.49B | $1.68B | $1.44B | $1.45B | $1.27B | $1.16B | $1.24B | $1.17B | $1.09B | $1.06B | |
| Operating Income | $774M | $532M | $675M | $578M | $521M | $410M | $518M | $461M | $455M | $439M | |
| Interest Expense | · | · | $175M | $128M | $106M | $138M | $151M | $130M | $128M | $124M | |
| Interest Income | $3M | $2M | $2M | $1M | $763.0K | $797.0K | $764.0K | $534.0K | $6.0K | $6.0K | |
| Other Non-op | $-160M | $-165M | $-169M | $-122M | $-124M | $-162M | $-150M | $-145M | $-128M | $-127M | |
| Pretax Income | $614M | $367M | $507M | $456M | $397M | $248M | $368M | $316M | $327M | $312M | |
| Income Tax | $21M | $5M | $10M | $17M | $9M | $5M | $-4M | $11M | $9M | $13M | |
| Net Income | $587M | $362M | $496M | $439M | $388M | $243M | $372M | $305M | $318M | $299M | |
| EPS (Basic) | $5.78 | $3.54 | $4.86 | $4.32 | $3.83 | $2.41 | $3.71 | $3.09 | $3.24 | $3.07 | |
| EPS (Diluted) | $5.77 | $3.52 | $4.85 | $4.31 | $3.83 | $2.41 | $3.71 | $3.08 | $3.23 | $3.05 | |
| Shares (Basic) | 101,554,181 | 102,258,760 | 101,920,268 | 101,527,778 | 101,133,269 | 100,756,361 | 100,130,721 | 98,817,525 | 97,930,555 | 97,129,614 | |
| Shares (Diluted) | 101,634,142 | 102,561,151 | 102,106,647 | 101,634,543 | 101,349,865 | 100,902,700 | 100,320,574 | 99,086,160 | 98,369,865 | 97,693,424 | |
| EBITDA | $1.10B | $995M | $969M | $927M | $792M | $661M | $768M | · | $666M | $644M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $65M | $49M | $45M | $53M | $100M | $122M | $26M | $21M | $115M | $36M | |
| Receivables | $341M | $335M | $301M | $285M | $270M | $241M | $255M | $236M | $202M | $190M | |
| Prepaid Expense | · | · | · | · | · | · | · | $81M | $71M | $49M | |
| Other Current Assets | $54M | $41M | $27M | $27M | $19M | $18M | $29M | $26M | $33M | $40M | |
| Current Assets | $460M | $425M | $373M | $365M | $389M | $381M | $310M | $364M | $421M | $314M | |
| PP&E (Net) | $1.68B | $1.60B | $1.57B | $1.50B | $1.34B | $1.28B | $1.35B | $1.30B | $1.21B | $1.18B | |
| PP&E (Gross) | $4.77B | $4.57B | $4.27B | $4.11B | $3.78B | $3.62B | $3.66B | $3.53B | $3.38B | $3.29B | |
| Accum. Depreciation | $3.09B | $2.97B | $2.71B | $2.61B | $2.45B | $2.33B | $2.31B | $2.23B | $2.17B | $2.11B | |
| Goodwill | $2.11B | $2.04B | $2.04B | $2.04B | $1.94B | $1.91B | $1.91B | $1.92B | $1.74B | $1.73B | |
| Intangibles | $1.11B | $1.06B | $1.17B | $1.21B | $1.05B | $914M | $992M | $915M | $796M | $637M | |
| Other Non-current Assets | $59M | $99M | $91M | $83M | $98M | $61M | $57M | $51M | $43M | $38M | |
| Total Assets | $6.93B | $6.59B | $6.56B | $6.48B | $6.05B | $5.79B | $5.94B | $4.54B | $4.21B | $3.90B | |
| Accounts Payable | $16M | $22M | $18M | $20M | $16M | $12M | $15M | $21M | $18M | $18M | |
| Accrued Liabilities | $139M | $134M | $107M | $118M | $135M | $105M | $107M | $122M | $198M | $134M | |
| Current Liabilities | $794M | $778M | $714M | $726M | $663M | $548M | $673M | $455M | $326M | $277M | |
| Capital Leases | $1.25B | $1.11B | $1.08B | $1.04B | $995M | $994M | $1.07B | · | · | · | |
| Deferred Tax | $749.0K | $8M | $12M | $10M | $6M | $5M | $6M | $21M | $884.0K | $279.0K | |
| Other Non-current Liabilities | $53M | $49M | $42M | $39M | $40M | $37M | $34M | $30M | $30M | $26M | |
| Total Liabilities | $5.91B | $5.54B | $5.35B | $5.28B | $4.83B | $4.59B | $4.76B | $3.41B | $3.11B | $2.83B | |
| Long-term Debt | $3.42B | $3.21B | $3.34B | $3.31B | $3.01B | $2.89B | $2.98B | $2.89B | $2.56B | $2.35B | |
| Total Debt | $3.42B | $3.21B | $3.34B | $3.31B | $3.01B | $2.89B | $2.98B | · | $2.56B | $2.35B | |
| Retained Earnings | $-1.11B | $-1.04B | $-819M | $-804M | $-734M | $-717M | $-708M | $-695M | $-639M | $-631M | |
| Treasury Stock | $231M | $73M | $67M | $61M | $51M | $45M | $34M | $25M | $21M | $12M | |
| AOCI | $-3M | $-3M | $-428.0K | $-659.0K | $855.0K | $934.0K | $685.0K | $12.0K | $1M | $-624.0K | |
| Stockholders' Equity | $1.02B | $1.05B | $1.22B | $1.20B | $1.22B | $1.20B | $1.18B | $1.13B | $1.10B | $1.07B | |
| Liabilities + Equity | $6.93B | $6.59B | $6.56B | $6.48B | $6.05B | $5.79B | $5.94B | $4.54B | $4.21B | $3.90B |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $326M | $463M | $293M | $349M | $271M | $251M | $250M | $225M | $211M | $205M | |
| Stock-based Comp | $34M | $45M | $23M | $23M | $37M | $19M | $30M | $29M | $10M | $29M | |
| Deferred Tax | $-8M | $-4M | $2M | $3M | $2M | $-797.0K | $-14M | $2M | $804.0K | $-343.0K | |
| Amort. of Intangibles | $144M | $142M | $140M | $134M | $114M | $110M | $114M | $95M | $85M | $81M | |
| Other Non-cash | $-76M | $8M | $-31M | $-33M | $36M | $57M | $-7M | · | $-32M | $-10M | |
| Operating Cash Flow | $864M | $874M | $784M | $782M | $734M | $570M | $631M | $565M | $507M | $522M | |
| CapEx | $181M | $125M | $178M | $167M | $126M | $62M | $141M | $118M | $109M | $108M | |
| Investing Cash Flow | $-245M | $-165M | $-310M | $-619M | $-462M | $-97M | $-362M | $-584M | $-400M | $-681M | |
| Debt Issued | · | · | · | $0 | $0 | $9M | $0 | · | · | · | |
| Net Debt Issued | · | $-400.0K | $-381.0K | $-365.0K | $-378.0K | $-362.0K | $-34M | · | $-17M | $-21M | |
| Stock Issued | $18M | $21M | $16M | $19M | $19M | $11M | $44M | $63M | $27M | $23M | |
| Stock Repurchased | $158M | $5M | $6M | $11M | $6M | $10M | $9M | $4M | $9M | $6M | |
| Net Stock Activity | $-140M | $16M | $10M | $8M | $13M | $656.0K | $35M | · | $18M | $17M | |
| Financing Cash Flow | $-604M | $-703M | $-482M | $-209M | $-295M | $-378M | $-264M | $-74M | $-29M | $172M | |
| Net Change in Cash | $15M | $5M | $-8M | $-47M | $-22M | $95M | $5M | $-94M | $80M | $13M | |
| Taxes Paid | $29M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $683M | $748M | $605M | $615M | $608M | $508M | $490M | · | $398M | $414M | |
| Levered FCF | · | · | $434M | $492M | $504M | $373M | $338M | · | $273M | $296M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.2% | 24.1% | 32.0% | 28.4% | 29.2% | 26.1% | 29.5% | · | · | · | |
| Net Margin | 25.9% | 16.4% | 23.5% | 21.6% | 21.7% | 15.5% | 21.2% | · | · | · | |
| Pretax Margin | 27.1% | 16.7% | 24.0% | 22.4% | 22.2% | 15.8% | 21.0% | · | · | · | |
| EBITDA Margin | 48.6% | 45.1% | 45.9% | 45.6% | 44.3% | 42.2% | 43.8% | · | · | · | |
| ROA | 8.7% | 5.5% | 7.6% | 7.0% | 6.6% | 4.2% | 7.1% | · | 7.8% | 8.2% | |
| ROE | 60.8% | 32.0% | 41.2% | 35.5% | 31.6% | 20.8% | 31.7% | · | 29.2% | 28.6% | |
| ROIC | 16.8% | 12.3% | 14.5% | 12.3% | 12.0% | 9.8% | 12.6% | · | 12.1% | 12.3% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.5 | · | 1.3 | 1.1 | |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.4 | · | 1.0 | 0.8 | |
| Debt / Equity | 3.3 | 3.1 | 2.7 | 2.8 | 2.5 | 2.4 | 2.5 | · | 2.3 | 2.2 | |
| LT Debt / Equity | 3.1 | 2.8 | 2.5 | 2.6 | 2.3 | 2.3 | 2.3 | · | 2.3 | 2.2 | |
| Interest Coverage | · | · | 3.9 | 4.5 | 4.9 | 3.0 | 3.4 | · | 3.5 | 3.5 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | · | · | · | |
| Receivables Turnover | 6.7 | 6.9 | 7.2 | 7.3 | 7.0 | 6.3 | 7.2 | · | · | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.7% | 4.5% | 3.9% | 13.7% | 13.9% | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.7% | 7.3% | 10.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.6% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 63.9% | -27.4% | 12.5% | 12.5% | 58.9% | · | · | · | · | · | |
| EPS CAGR 3Y | 10.2% | -2.8% | 26.2% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 19.1% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 62.3% | -27.0% | 13.0% | 13.0% | 59.5% | · | · | · | · | · | |
| Net Income CAGR 3Y | 10.2% | -2.3% | 26.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 19.3% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B | $1.57B | $1.75B | $1.63B | $1.54B | $1.50B | |
| Net Income TTM | $587M | $362M | $496M | $439M | $388M | $243M | $372M | $305M | $318M | $299M | |
| P/E | 21.9 | 34.6 | 21.9 | 21.9 | 31.7 | 34.5 | 24.1 | 22.5 | 23.0 | 22.0 | |
| Earnings Yield | 4.6% | 2.9% | 4.6% | 4.6% | 3.2% | 2.9% | 4.2% | 4.5% | 4.3% | 4.5% | |
| Annual Payout | $617M | $537M | $505M | $457M | $303M | $298M | $379M | · | · | · |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $617M | $528M | $596M | $586M | $579M | $505M | $580M | $564M | $565M | $498M | $556M | $543M | $541M | $471M | $536M | $527M | |
| Cost of Revenue | $194M | $183M | $192M | $188M | $187M | $180M | $186M | $183M | $183M | $176M | $181M | $175M | $172M | $168M | $174M | $169M | |
| SG&A Expense | $96M | $98M | $91M | $93M | $89M | $95M | $93M | $91M | $88M | $89M | $88M | $81M | $91M | $85M | $90M | $87M | |
| Operating Expenses | $409M | $382M | $400M | $396M | $382M | $314M | $543M | $378M | $381M | $374M | $364M | $354M | $364M | $353M | $425M | $346M | |
| Operating Income | $208M | $146M | $196M | $189M | $198M | $191M | $37M | $187M | $184M | $125M | $192M | $188M | $177M | $119M | $110M | $181M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $44M | · | $45M | $44M | $41M | · | $34M | |
| Interest Income | $528.0K | $371.0K | $737.0K | $758.0K | $597.0K | $492.0K | $614.0K | $662.0K | $572.0K | $467.0K | $556.0K | $621.0K | $477.0K | $461.0K | $551.0K | $248.0K | |
| Other Non-op | $-41M | $-40M | $-39M | $-42M | $-40M | $-37M | $-36M | $-40M | $-44M | $-45M | $-41M | $-44M | $-43M | $-41M | $-35M | $-32M | |
| Pretax Income | $167M | $106M | $157M | $147M | $157M | $154M | $330.0K | $147M | $140M | $80M | $150M | $144M | $134M | $78M | $75M | $149M | |
| Income Tax | $3M | $4M | $2M | $3M | $2M | $15M | $1M | $-1M | $3M | $2M | $961.0K | $4M | $3M | $2M | $8M | $3M | |
| Net Income | $161M | $101M | $152M | $142M | $154M | $139M | $-1M | $147M | $137M | $78M | $149M | $140M | $131M | $76M | $66M | $146M | |
| EPS (Basic) | $1.58 | $1.00 | $1.51 | $1.40 | $1.52 | $1.35 | $-0.01 | $1.44 | $1.34 | $0.77 | $1.46 | $1.37 | $1.28 | $0.75 | $0.65 | $1.44 | |
| EPS (Diluted) | $1.58 | $1.00 | $1.50 | $1.40 | $1.52 | $1.35 | $-0.02 | $1.44 | $1.34 | $0.76 | $1.46 | $1.37 | $1.28 | $0.74 | $0.64 | $1.44 | |
| Shares (Basic) | 101,493,028 | 101,373,840 | -203,389,626 | 101,234,505 | 101,271,391 | 102,437,911 | -204,412,079 | 102,307,059 | 102,248,621 | 102,115,159 | -203,749,605 | 101,960,356 | 101,917,200 | 101,792,317 | -202,879,324 | 101,580,997 | |
| Shares (Diluted) | 101,592,453 | 101,451,145 | -204,125,741 | 101,309,203 | 101,653,373 | 102,797,307 | -205,097,914 | 102,617,515 | 102,594,217 | 102,447,333 | -204,091,959 | 102,130,614 | 102,104,429 | 101,963,563 | -203,251,755 | 101,685,965 | |
| EBITDA | $292M | $228M | · | $275M | $276M | $269M | · | $262M | $261M | $200M | · | $263M | $252M | $192M | · | $247M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $68M | $39M | $65M | $22M | $56M | $36M | $49M | $30M | $78M | $36M | · | $39M | $48M | $34M | · | $79M | |
| Receivables | $378M | $324M | $341M | $341M | $346M | $308M | $335M | $351M | $318M | $299M | · | $310M | $322M | $259M | · | $295M | |
| Other Current Assets | $48M | $64M | $54M | $45M | $56M | $61M | $41M | $32M | $44M | $41M | · | $29M | $35M | $45M | · | $31M | |
| Current Assets | $494M | $426M | $460M | $408M | $458M | $405M | $425M | $412M | $441M | $376M | · | $378M | $405M | $338M | · | $405M | |
| PP&E (Net) | $1.69B | $1.68B | $1.68B | $1.65B | $1.61B | $1.60B | $1.60B | $1.54B | $1.55B | $1.56B | · | $1.55B | $1.53B | $1.51B | · | $1.40B | |
| PP&E (Gross) | $4.84B | $4.80B | $4.77B | $4.71B | $4.64B | $4.60B | $4.57B | $4.33B | $4.31B | $4.29B | · | $4.24B | $4.19B | $4.14B | · | $3.91B | |
| Accum. Depreciation | $3.15B | $3.12B | $3.09B | $3.06B | $3.03B | $3.00B | $2.97B | $2.79B | $2.76B | $2.73B | · | $2.69B | $2.66B | $2.63B | · | $2.51B | |
| Goodwill | $2.11B | $2.11B | $2.11B | $2.11B | $2.04B | $2.04B | $2.04B | $2.04B | $2.04B | $2.04B | · | $2.04B | $2.04B | $2.04B | · | $2.00B | |
| Intangibles | $1.12B | $1.13B | $1.11B | $1.11B | $1.06B | $1.05B | $1.06B | $1.09B | $1.12B | $1.15B | · | $1.20B | $1.16B | $1.18B | · | $1.13B | |
| Other Non-current Assets | $63M | $59M | $59M | $58M | $56M | $54M | $99M | $97M | $93M | $93M | · | $85M | $86M | $84M | · | $92M | |
| Total Assets | $6.99B | $6.91B | $6.93B | $6.82B | $6.67B | $6.55B | $6.59B | $6.52B | $6.58B | $6.53B | · | $6.57B | $6.52B | $6.44B | · | $6.28B | |
| Accounts Payable | $17M | $16M | $16M | $26M | $28M | $26M | $22M | $23M | $21M | $18M | · | $18M | $17M | $17M | · | $17M | |
| Accrued Liabilities | $122M | $113M | $139M | $123M | $112M | $112M | $134M | $111M | $96M | $79M | · | $96M | $87M | $83M | · | $105M | |
| Current Liabilities | $787M | $735M | $794M | $695M | $783M | $717M | $778M | $739M | $1.06B | $993M | · | $690M | $698M | $660M | · | $644M | |
| Capital Leases | $1.25B | $1.25B | $1.25B | $1.22B | $1.19B | $1.16B | $1.11B | $1.10B | $1.10B | $1.07B | · | $1.08B | $1.04B | $1.03B | · | $1.01B | |
| Deferred Tax | $2M | $2M | $749.0K | $165.0K | $774.0K | $743.0K | $8M | $9M | $12M | $12M | · | $11M | $9M | $8M | · | $8M | |
| Other Non-current Liabilities | $57M | $53M | $53M | $55M | $51M | $49M | $49M | $48M | $47M | $44M | · | $40M | $41M | $40M | · | $33M | |
| Total Liabilities | $6.00B | $5.93B | $5.91B | $5.78B | $5.77B | $5.52B | $5.54B | $5.31B | $5.38B | $5.34B | · | $5.39B | $5.35B | $5.28B | · | $5.00B | |
| Long-term Debt | $3.51B | $3.50B | $3.42B | $3.35B | $3.36B | $3.19B | $3.21B | $3.25B | $3.35B | $3.40B | · | $3.40B | $3.39B | $3.37B | · | $3.22B | |
| Total Debt | $3.51B | $3.50B | · | $3.35B | $3.36B | $3.19B | · | $3.25B | $3.35B | $3.40B | · | $3.40B | $3.39B | $3.37B | · | $3.22B | |
| Retained Earnings | $-1.17B | $-1.17B | $-1.11B | $-1.08B | $-1.06B | $-1.06B | $-1.04B | $-866M | $-870M | $-874M | · | $-841M | $-853M | $-856M | · | $-718M | |
| Treasury Stock | $237M | $237M | $231M | $231M | $231M | $99M | $73M | $73M | $73M | $73M | · | $67M | $67M | $67M | · | $61M | |
| AOCI | $-4M | $-3M | $-3M | $-3M | $-2M | $-3M | $-3M | $-1M | $-1M | $-820.0K | · | $-901.0K | $-258.0K | $-661.0K | · | $-915.0K | |
| Stockholders' Equity | $995M | $982M | $1.02B | $1.05B | $907M | $1.03B | $1.05B | $1.21B | $1.20B | $1.18B | $1.22B | $1.19B | $1.17B | $1.16B | $1.20B | $1.27B | |
| Liabilities + Equity | $6.99B | $6.91B | $6.93B | $6.82B | $6.67B | $6.55B | $6.59B | $6.52B | $6.58B | $6.53B | · | $6.57B | $6.52B | $6.44B | · | $6.28B |
Cash Flow 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $84M | $82M | $84M | $86M | $78M | $78M | $235M | $75M | $77M | $75M | $71M | $75M | $75M | $73M | $147M | $66M | |
| Stock-based Comp | $14M | $11M | $9M | $8M | $7M | $11M | $7M | $12M | $11M | $14M | $6M | $4M | $4M | $8M | $9M | $5M | |
| Deferred Tax | $-217.0K | $2M | $853.0K | $-157.0K | $-51.0K | $-8M | $-679.0K | $-3M | $-310.0K | $246.0K | $1M | $1M | $807.0K | $-1M | $1M | $639.0K | |
| Other Non-cash | · | $-49M | · | · | · | $-91M | · | · | · | $-58M | · | · | · | $-47M | · | · | |
| Operating Cash Flow | $252M | $147M | $271M | $236M | $229M | $128M | $279M | $227M | $256M | $111M | $254M | $223M | $198M | $109M | $245M | $224M | |
| CapEx | $43M | $33M | $63M | $50M | $38M | $30M | $43M | $30M | $23M | $29M | $46M | $39M | $51M | $42M | $50M | $41M | |
| Investing Cash Flow | $-83M | $-79M | $-117M | $-94M | $-99M | $65M | $-57M | $-31M | $-32M | $-45M | $-64M | $-116M | $-77M | $-53M | $-217M | $-94M | |
| Net Debt Issued | · | $-133.0K | · | · | · | $-103.0K | · | · | · | $-98.0K | · | · | · | $-93.0K | · | · | |
| Stock Issued | $7M | $6M | $5M | $4M | $4M | $4M | $4M | $6M | $4M | $7M | $5M | $3M | $3M | $4M | $4M | $7M | |
| Stock Repurchased | $0 | $6M | $0 | $0 | $132M | $26M | $-1.0K | $1.0K | $0 | $5M | $0 | $43.0K | $-1.0K | $6M | $0 | $60.0K | |
| Net Stock Activity | · | $-280.0K | · | · | · | $-22M | · | · | · | $2M | · | · | · | $-2M | · | · | |
| Dividends Paid | $163M | $163M | · | $157M | $157M | $159M | · | $143M | $133M | $133M | · | $128M | $128M | $127M | · | $122M | |
| Financing Cash Flow | $-141M | $-93M | $-112M | $-175M | $-111M | $-207M | $-202M | $-244M | $-183M | $-74M | $-185M | $-115M | $-107M | $-75M | $-54M | $-143M | |
| Net Change in Cash | $29M | $-26M | $43M | $-34M | $20M | $-13M | $20M | $-48M | $42M | $-8M | $5M | $-8M | $14M | $-19M | $-27M | $-12M | |
| Free Cash Flow | · | $114M | · | · | · | $98M | · | · | · | $81M | · | · | · | $66M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $37M | · | · | · | $26M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 33.7% | 27.7% | · | 32.3% | 34.1% | 37.8% | · | 33.1% | 32.6% | 25.0% | · | 34.7% | 32.7% | 25.2% | · | 34.3% | |
| Net Margin | 26.1% | 19.2% | · | 24.2% | 26.6% | 27.5% | · | 26.1% | 24.3% | 15.7% | · | 25.8% | 24.1% | 16.1% | · | 27.7% | |
| Pretax Margin | 27.1% | 20.1% | · | 25.0% | 27.2% | 30.4% | · | 26.0% | 24.9% | 16.1% | · | 26.6% | 24.8% | 16.6% | · | 28.3% | |
| EBITDA Margin | 47.4% | 43.2% | · | 47.0% | 47.6% | 53.2% | · | 46.4% | 46.2% | 40.1% | · | 48.4% | 46.6% | 40.7% | · | 46.8% | |
| ROA | 2.4% | 1.5% | · | 2.1% | 2.3% | 2.1% | · | 2.2% | 2.1% | 1.2% | · | 2.2% | 2.0% | 1.2% | · | 2.4% | |
| ROE | 16.9% | 10.1% | · | 12.6% | 14.7% | 12.5% | · | 12.3% | 11.6% | 6.7% | · | 11.4% | 10.8% | 6.4% | · | 11.6% | |
| ROIC | 4.5% | 3.1% | · | 4.2% | 4.6% | 4.1% | · | 4.2% | 4.0% | 2.7% | · | 4.0% | 3.8% | 2.6% | · | 4.0% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.4 | 0.4 | · | 0.5 | 0.6 | 0.5 | · | 0.6 | |
| Quick Ratio | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.4 | 0.3 | · | 0.5 | 0.5 | 0.4 | · | 0.6 | |
| Debt / Equity | 3.5 | 3.6 | · | 3.2 | 3.7 | 3.1 | · | 2.7 | 2.8 | 2.9 | · | 2.9 | 2.9 | 2.9 | · | 2.5 | |
| LT Debt / Equity | 3.3 | 3.3 | · | 3.0 | 3.4 | 2.9 | · | 2.5 | 2.3 | 2.4 | · | 2.7 | 2.7 | 2.7 | · | 2.4 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 2.8 | · | 4.2 | 4.1 | 2.9 | · | 5.4 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.7 | 1.7 | · | 1.7 | 1.7 | 1.7 | · | 1.7 | 1.8 | 1.8 | · | 1.8 | 1.7 | 1.8 | · | 1.9 |
Valuation (TTM) 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.31B | $2.20B | · | $2.23B | $2.21B | $2.13B | · | $2.17B | $2.15B | $2.05B | · | $2.08B | $2.06B | $1.97B | · | $1.97B | |
| Net Income TTM | $558M | $536M | · | $582M | $578M | $502M | · | $503M | $486M | $425M | · | $493M | $487M | $449M | · | $479M | |
| P/E | 28.4 | 24.0 | · | 21.4 | 21.5 | 23.3 | · | 27.2 | 25.2 | 28.8 | · | 17.3 | 20.8 | 22.7 | · | 17.5 | |
| Earnings Yield | 3.5% | 4.2% | · | 4.7% | 4.7% | 4.3% | · | 3.7% | 4.0% | 3.5% | · | 5.8% | 4.8% | 4.4% | · | 5.7% | |
| Payout Ratio | 101.3% | 160.5% | · | 111.0% | 101.8% | 114.6% | · | 97.3% | 96.9% | 170.1% | · | 91.1% | 97.6% | 167.6% | · | 83.5% | |
| Annual Payout | $640M | $636M | · | $617M | $593M | $569M | · | $537M | $521M | $516M | · | $505M | $499M | $483M | · | $457M |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $2.27B | $2.21B | $2.11B | $2.03B | $1.79B |
| Operating Margin % | 34.2% | 24.1% | 32.0% | 28.4% | 29.2% |
| Net Income | $587M | $362M | $496M | $439M | $388M |
| Diluted EPS | $5.77 | $3.52 | $4.85 | $4.31 | $3.83 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 3.3 | 3.1 | 2.7 | 2.8 | 2.5 |
| Current Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $683M | $748M | $605M | $615M | $608M |
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Institutional owners (13F) 831 filers · $8.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 135 (+49 vs prior Q) | 35 (-12 vs prior Q) | 280 (+14 vs prior Q) | 226 (+8 vs prior Q) | +9.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,170,849,988 | 7,506,411 | 14.41% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $612,638,123 | 3,927,671 | 7.54% | Shares |
| STATE STREET CORP | $425,607,808 | 2,728,605 | 5.24% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $383,814,296 | 2,460,253 | 4.73% | Shares |
| FMR LLC | $363,100,495 | 2,327,866 | 4.47% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $344,630,635 | 2,209,454 | 4.24% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $256,966,599 | 1,647,433 | 3.16% | Shares |
| Hamlin Capital Management, LLC | $209,046,424 | 1,340,213 | 2.57% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $189,424,463 | 1,214,415 | 2.33% | Shares |
| Egerton Capital (UK) LLP | $170,114,752 | 1,090,619 | 2.09% | Shares |
| DAVENPORT & Co LLC | $158,006,004 | 1,012,248 | 1.95% | Shares |
| Daiwa Securities Group Inc. | $141,844,624 | 909,377 | 1.75% | Shares |
| Capital World Investors | $140,853,060 | 903,020 | 1.73% | Shares |
| Quantinno Capital Management LP | $136,262,790 | 873,591 | 1.68% | Shares |
| NORGES BANK | $121,030,497 | 775,936 | 1.49% | Shares |
| HighTower Advisors, LLC | $120,857,646 | 774,828 | 1.49% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $115,764,457 | 742,175 | 1.43% | Shares |
| AMERIPRISE FINANCIAL INC | $90,098,102 | 577,626 | 1.11% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $86,295,311 | 553,246 | 1.06% | Shares |
| MILLER HOWARD INVESTMENTS INC /NY | $73,226,803 | 469,463 | 0.90% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $72,053,611 | 461,941 | 0.89% | Shares |
| RAYMOND JAMES FINANCIAL INC | $66,538,984 | 426,587 | 0.82% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $64,207,344 | 411,638 | 0.79% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $61,698,009 | 394,539 | 0.76% | Shares |
| JANUS HENDERSON GROUP PLC | $59,470,344 | 469,470 | 0.73% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $55,735,398 | 357,324 | 0.69% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $54,448,190 | 349,071 | 0.67% | Shares |
| Ruffer LLP | $52,696,062 | 338,207 | 0.65% | Shares |
| LFL Advisers, LLC | $48,921,567 | 313,640 | 0.60% | Shares |
| Artisan Partners Limited Partnership | $44,861,408 | 287,610 | 0.55% | Shares |
| RHUMBLINE ADVISERS | $39,376,769 | 252,448 | 0.48% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $32,936,960 | 211,161 | 0.41% | Shares |
| Van Cleef Asset Management,Inc | $32,402,166 | 207,733 | 0.40% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $30,683,293 | 196,713 | 0.38% | Shares |
| Markel Group Inc. | $30,104,140 | 193,000 | 0.37% | Shares |
| Boston Trust Walden Corp | $30,033,498 | 192,547 | 0.37% | Shares |
| MARSHALL WACE, LLP | $29,553,375 | 189,469 | 0.36% | Shares |
| CI INVESTMENTS INC. | $29,048,935 | 186,235 | 0.36% | Shares |
| Arbejdsmarkedets Tillaegspension | $28,528,742 | 182,900 | 0.35% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $28,120,074 | 180,280 | 0.35% | Shares |
| LPL Financial LLC | $27,919,856 | 178,996 | 0.34% | Shares |
| TWO SIGMA INVESTMENTS, LP | $27,604,249 | 176,973 | 0.34% | Shares |
| Swiss National Bank | $27,208,839 | 174,438 | 0.33% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $26,468,870 | 169,694 | 0.33% | Shares |
| California Public Employees Retirement System | $24,639,849 | 157,968 | 0.30% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $24,230,869 | 155,346 | 0.30% | Shares |
| GOLDMAN SACHS GROUP INC | $23,642,980 | 151,577 | 0.29% | Shares |
| Jain Global LLC | $23,538,630 | 150,908 | 0.29% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $23,365,648 | 149,799 | 0.29% | Shares |
| OSTERWEIS CAPITAL MANAGEMENT INC | $22,020,944 | 141,178 | 0.27% | Shares |
| Select Equity Group, L.P. | $21,893,977 | 140,364 | 0.27% | Shares |
| Gotham Asset Management, LLC | $21,748,759 | 139,433 | 0.27% | Shares |
| Nuveen, LLC | $21,240,421 | 136,174 | 0.26% | Shares |
| BARCLAYS PLC | $20,206,585 | 129,546 | 0.25% | Shares |
| ALLIANCEBERNSTEIN L.P. | $20,054,204 | 158,331 | 0.25% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $20,051,853 | 128,554 | 0.25% | Shares |
| Mariner, LLC | $19,755,378 | 126,653 | 0.24% | Shares |
| Adelante Capital Management LLC | $19,122,343 | 122,594 | 0.24% | Shares |
| Land & Buildings Investment Management, LLC | $19,054,517 | 122,160 | 0.23% | Shares |
| JANE STREET GROUP, LLC | $18,867,185 | 120,959 | 0.23% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $18,283,428 | 82,647 | 0.23% | Shares |
| BlackRock, Inc. | $17,681,269 | 113,356 | 0.22% | Shares |
| Asset Management One Co., Ltd. | $17,202,708 | 135,818 | 0.21% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,065,316 | 102,996 | 0.20% | Shares |
| WS MANAGEMENT LLLP | $15,863,166 | 101,700 | 0.20% | Shares |
| IEQ CAPITAL, LLC | $15,252,408 | 97,784 | 0.19% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $15,241,118 | 97,712 | 0.19% | Shares |
| Makaira Partners LLC | $15,189,600 | 120,000 | 0.19% | Shares |
| KINGSWOOD WEALTH ADVISORS, LLC | $15,177,747 | 97,306 | 0.19% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $15,095,901 | 96,781 | 0.19% | Shares |
| MACKENZIE FINANCIAL CORP | $15,015,103 | 96,263 | 0.18% | Shares |
| D. E. Shaw & Co., Inc. | $14,617,666 | 93,715 | 0.18% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $14,556,989 | 93,326 | 0.18% | Shares |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $14,459,278 | 92,700 | 0.18% | Shares |
| Retirement Systems of Alabama | $14,044,283 | 90,039 | 0.17% | Shares |
| TWO SIGMA ADVISERS, LP | $14,037,722 | 110,900 | 0.17% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $13,981,274 | 92,981 | 0.17% | Shares |
| BANK OF AMERICA CORP /DE/ | $13,606,915 | 87,235 | 0.17% | Shares |
| ASSETMARK, INC | $13,147,225 | 84,288 | 0.16% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $12,977,692 | 83,201 | 0.16% | Shares |
| NORDEN GROUP LLC | $12,935,816 | 82,932 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $12,913,428 | 82,789 | 0.16% | Shares |
| ADVISORY RESEARCH INC | $12,909,841 | 82,766 | 0.16% | Shares |
| Waverly Advisors, LLC | $12,773,046 | 81,889 | 0.16% | Shares |
| Nuveen Asset Management, LLC | $12,637,221 | 103,805 | 0.16% | Shares |
| Sanctuary Advisors, LLC | $12,429,440 | 79,686 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $12,276,014 | 96,921 | 0.15% | Shares |
| Gilman Hill Asset Management, LLC | $12,164,256 | 77,986 | 0.15% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $11,796,455 | 75,628 | 0.15% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $11,640,787 | 74,630 | 0.14% | Shares |
| TRUIST FINANCIAL CORP | $11,545,362 | 74,018 | 0.14% | Shares |
| GABELLI FUNDS LLC | $11,538,309 | 73,973 | 0.14% | Shares |
| Cetera Investment Advisers | $11,460,490 | 73,475 | 0.14% | Shares |
| MetLife Investment Management, LLC | $11,179,399 | 71,672 | 0.14% | Shares |
| HEARTLAND ADVISORS INC | $10,936,694 | 70,116 | 0.13% | Shares |
| Leith Wheeler Investment Counsel Ltd. | $10,869,780 | 69,687 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $10,831,563 | 69,442 | 0.13% | Shares |
| STANSBERRY ASSET MANAGEMENT, LLC | $10,346,676 | 66,333 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $10,208,735 | 65,449 | 0.13% | Shares |
| MML INVESTORS SERVICES, LLC | $10,050,085 | 64,432 | 0.12% | Shares |
Company insiders 20 insiders · 5 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Sean E Reilly | Chief Executive Officer | March 10, 2026 A | 0 | 0 | 0 | $0 |
| Jay Lecoryelle Johnson | CFO, Treasurer, EVP | May 11, 2026 S | 0 | 0 | 5 | $-4,477,770 |
| Keith A Istre | Chief Financial Officer | May 13, 2019 S | 118,891 | 0 | 0 | $0 |
| Ross Lamar Reilly | EVP, President, Outdoor Div | March 23, 2026 M | 15,850 | 0 | 1 | $-767,912 |
| Kevin P Reilly JR | Executive Chairman | March 10, 2026 A | 423,607 | 0 | 0 | $0 |
| Thomas V Reifenheiser | Director | June 23, 2026 G | 44,486 | 0 | 0 | $0 |
| Anna Reilly Cullinan | Director | June 12, 2026 A | 148,463 | 0 | 0 | $0 |
| Mitchell Landrieu | Director | May 14, 2026 A | 1,192 | 0 | 0 | $0 |
| Nancy Fletcher | Director | May 14, 2026 A | 7,053 | 0 | 0 | $0 |
| Elizabeth Mary Thompson | Director | May 14, 2026 A | 5,608 | 0 | 0 | $0 |
| Wendell Reilly | Director | May 14, 2026 A | 7,672 | 0 | 0 | $0 |
| Stephen P Mumblow | Director | May 14, 2026 A | 9,377 | 0 | 0 | $0 |
| John E Koerner III | Director | May 14, 2026 A | 34,424 | 0 | 0 | $0 |
| Marshall A Loeb | Director | May 14, 2026 A | 6,418 | 0 | 0 | $0 |
| John Maxwell Hamilton | Director | May 25, 2017 A | 16,209 | 0 | 0 | $0 |
| Edward H Mcdermott | Director | Nov. 30, 2010 P | 0 | 0 | 0 | $0 |
| Robert M Jelenic | Director | May 22, 2008 A | 2,216 | 0 | 0 | $0 |
| Charles W Lamar III | Director | Dec. 13, 2004 J | 916,923 | 0 | 0 | $0 |
| REILLY FAMILY LTD PARTNERSHIP | 10% owner | Sept. 10, 2003 P | 548,138 | 0 | 0 | $0 |
| PHOEBE SNOW FOUNDATION | — | Dec. 29, 2010 S | 159,600 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 15 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Eli J. Weinberg, Ian R. McGuire ×2 filings | Sept. 7, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 19, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 15, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 7, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 1, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 26, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 15, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 21, 2008 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Oct. 2, 2007 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 31, 2007 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 20, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 10, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 22, 2005 | — | Initial filing | Passive investment | SEC |
| Lamar Advertising Company | Sept. 27, 2004 | — | Initial filing | M&A / sale | SEC |
| CLEAR CHANNEL COMMUNICATIONS, INC., AMFM INC., AMFM HOLDINGS INC., CAPSTAR BROADCASTING PARTNERS, INC., AMFM OPERATING INC. ×4 filings | Nov. 19, 2001 | — | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 107 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SRHR · Elevation Series Trust | 10.10% | 37,168 NS | April 30, 2026 | N-PORT |
| JRE · Janus Detroit Street Trust | 2.89% | 840 NS | April 30, 2026 | N-PORT |
| PEZ · Invesco Exchange-Traded Fund Trust | 2.85% | 4,076 | Aug. 8, 2026 | Daily |
| TBG · EA Series Trust | 2.49% | 41,627 NS | April 30, 2026 | N-PORT |
| POWA · Invesco Exchange-Traded Self-Indexe… | 1.98% | 22,512 | Aug. 8, 2026 | Daily |
| JMID · Janus Detroit Street Trust | 1.87% | 2,471 NS | April 30, 2026 | N-PORT |
| ICF · iShares Trust | 1.78% | 233,846 SH | Aug. 8, 2026 | Daily |
| PSR · Invesco Actively Managed Exchange-T… | 1.52% | 5,677 | Aug. 8, 2026 | Daily |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.35% | 62,981 | Aug. 8, 2026 | Daily |
| USRT · iShares Trust | 1.11% | 320,825 SH | Aug. 8, 2026 | Daily |
| IYR · iShares Trust | 1.01% | 285,957 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.94% | 8,560 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.94% | 614,495 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.93% | 113,946 NS | April 30, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.80% | 83,467 NS | April 30, 2026 | N-PORT |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.71% | 37,983 NS | May 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.71% | 3,272,989 SH | Aug. 8, 2026 | Daily |
| VMAX · Lattice Strategies Trust | 0.66% | 2,225 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.60% | 153,882 NS | April 30, 2026 | N-PORT |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 0.51% | 3,829,000 | Aug. 8, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.47% | 6,122 NS | April 30, 2026 | N-PORT |
| IJK · iShares Trust | 0.45% | 305,271 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.44% | 11,769 SH | Aug. 8, 2026 | Daily |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.43% | 37,517 | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.43% | 51,539 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.43% | 11,686 | Aug. 8, 2026 | Daily |
| FPRO · FIDELITY COVINGTON TRUST | 0.42% | 459 NS | April 30, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.42% | 514,000 | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.38% | 3,003,739 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.37% | 140,657 SH | Aug. 8, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.37% | 11,868 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.37% | 11,718 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.35% | 9,964 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.34% | 89,473 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.32% | 177,130 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.31% | 29,893 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.30% | 13,712 NS | April 30, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.29% | 10,827 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.29% | 2,998 NS | May 31, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.29% | 12,150 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.26% | 11,247 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.25% | 42,161 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.25% | 234,748 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 35,278 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.24% | 1,439 NS | April 30, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.24% | 2,730 NS | April 30, 2026 | N-PORT |
| GQQQ · EA Series Trust | 0.23% | 2,225 NS | May 29, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 122,506 NS | April 30, 2026 | N-PORT |
| CAPE · DoubleLine ETF Trust | 0.22% | 4,494 NS | March 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.22% | 3,891 SH | Aug. 8, 2026 | Daily |