LAMR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $144.12

P/E (TTM) 26.3

EPS (TTM) $5.48

Revenue (TTM) $2.33B

ROE (TTM) 58.5%

Debt/Equity (MRQ) 3.5

52W Range $114–$166

LAMR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

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Stock splits 1

Ex-date	Split	Type
March 2, 1998	3-for-2	Forward

About Lamar Advertising Company - Class A Common Stock Company overview from Wikipedia

05 · wikidata

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.

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$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

Net margin23.9%

2019-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	5Y trend	LAMR	5Y avg	Peer Median	Verdict
P/E (TTM)		26.35Y avg ≈26.4	≈26.4	18.6	Overvalued
PEG Ratio		≈1.4	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	LAMR	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	31.8%5Y avg ≈29.6%	≈29.6%	24.6%	Top tier
EBITDA Margin (TTM)	46.3%5Y avg ≈45.9%	≈45.9%	32.3%	Top tier
Pretax Margin (TTM)	24.8%5Y avg ≈22.5%	≈22.5%	30.8%	Weak
Net Profit Margin (TTM)	23.9%5Y avg ≈21.8%	≈21.8%	29.7%	Weak
ROA (TTM)	8.1%5Y avg ≈7.1%	≈7.1%	4.0%	Top tier
ROE (TTM)	58.5%5Y avg ≈40.2%	≈40.2%	8.7%	Top tier
ROIC	16.8%5Y avg ≈13.6%	≈13.6%	12.8%	Top tier

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	LAMR	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	3.55Y avg ≈2.9	≈2.9	·	·
Current Ratio (MRQ)	0.65Y avg ≈0.5	≈0.5	·	·
Quick Ratio	0.55Y avg ≈0.5	≈0.5	·	·
Long-Term Debt / Equity (MRQ)	3.35Y avg ≈2.7	≈2.7	·	·

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	LAMR	5Y avg	Peer Median	Verdict
Revenue YoY	2.7%5Y avg ≈7.7%	≈7.7%	·	·
Revenue CAGR 3Y	3.7%5Y avg ≈7.1%	≈7.1%	·	·
Revenue CAGR 5Y	7.6%	·	·	·
EPS YoY	63.9%5Y avg ≈24.1%	≈24.1%	·	·
Net Income YoY	62.3%5Y avg ≈24.1%	≈24.1%	·	·
EPS CAGR 3Y	10.2%5Y avg ≈11.2%	≈11.2%	·	·
EPS CAGR 5Y	19.1%	·	·	·
Net Income CAGR 3Y	10.2%5Y avg ≈11.6%	≈11.6%	·	·
Net Income CAGR 5Y	19.3%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	LAMR	5Y avg	Peer Median	Verdict
EPS (Diluted)	$5.775Y avg ≈$4.46	≈$4.46	·	·
Revenue / Share	$22.305Y avg ≈$20.42	≈$20.42	·	·
Cash Flow / Share	$8.505Y avg ≈$7.93	≈$7.93	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	LAMR	5Y avg	Peer Median	Verdict
Asset Turnover	0.35Y avg ≈0.3	≈0.3	0.1	Top tier
Receivables Turnover	6.75Y avg ≈7.0	≈7.0	·	·
Revenue / Employee	≈$647.5K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Annualized Payout≈$6.60Paid quarterly

5Y Div CAGR≈25.4%Per share, split-adjusted

Growth Streak≈5Consecutive years of dividend growth

Ex-date	Amount	Currency	Yield
Sep 21, 2026	$1.65	USD	≈4.6%
Jun 16, 2026	$1.60	USD	≈4.3%
Mar 16, 2026	$1.60	USD	≈4.9%
Dec 22, 2025	$1.80	USD	≈5.1%
Sep 19, 2025	$1.55	USD	≈5.1%
Jun 16, 2025	$1.55	USD	≈5.1%
Mar 14, 2025	$1.55	USD	≈5.3%
Dec 18, 2024	$1.65	USD	≈4.6%
Sep 18, 2024	$1.40	USD	≈4.0%
Jun 17, 2024	$1.30	USD	≈4.5%
Mar 14, 2024	$1.30	USD	≈4.3%
Dec 15, 2023	$1.25	USD	≈4.7%
Sep 15, 2023	$1.25	USD	≈6.1%
Jun 15, 2023	$1.25	USD	≈5.4%
Mar 16, 2023	$1.25	USD	≈5.4%
Dec 16, 2022	$1.50	USD	≈5.3%
Sep 16, 2022	$1.20	USD	≈5.4%
Jun 16, 2022	$1.20	USD	≈5.7%
Mar 18, 2022	$1.10	USD	≈3.9%
Dec 17, 2021	$1.50	USD	≈3.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise -0.95%

Next Report Nov 04, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 6, 2026	$1.58	$1.61	-2.0%
March 31, 2026		$1.00	$0.85	18.2%
Dec. 31, 2025		$1.50	$1.66	-9.7%
Sept. 30, 2025		$1.40	$1.58	-11.2%
June 30, 2025		$1.52	$1.48	2.4%
March 31, 2025		$1.35	$1.40	-3.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 16

Metric	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	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	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	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	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	·	·	·

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue / Share	$22.30	$21.52	$20.67	$19.99	$17.64	$15.55	$17.48	·	·	·
Cash Flow / Share	$8.50	$8.52	$7.67	$7.69	$7.25	$5.65	$6.29	·	$5.15	$5.34
Dividend / Share	$6.45	$5.65	$5.00	$5.00	$4.00	$2.50	$3.84	$3.65	$3.32	$3.02
Dividend Paid / Share	$6.45	$5.65	$5.00	$5.00	·	·	·	·	·	$3.02
EPS (TTM)	$5.77	$3.52	$4.85	$4.31	$3.83	$2.41	$3.71	$3.08	$3.23	$3.05

Growth Rates 9

Metric	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	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	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	·	101,234,505	101,271,391	102,437,911	·	102,307,059	102,248,621	102,115,159	·	101,960,356	101,917,200	101,792,317	·	101,580,997
Shares (Diluted)	101,592,453	101,451,145	·	101,309,203	101,653,373	102,797,307	·	102,617,515	102,594,217	102,447,333	·	102,130,614	102,104,429	101,963,563	·	101,685,965
EBITDA	$292M	$228M	·	$275M	$276M	$269M	·	$262M	$261M	$200M	·	$263M	$252M	$192M	·	$247M

Balance Sheet 25

Metric	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	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	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	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

Per Share 5

Metric	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 / Share	$6.07	$5.20	·	$5.78	$5.70	$4.92	·	$5.50	$5.51	$4.86	·	$5.31	$5.30	$4.62	·	$5.19
Cash Flow / Share	·	$1.45	·	·	·	$1.24	·	·	·	$1.08	·	·	·	$1.07	·	·
Dividend / Share	$1.60	$1.60	$1.80	$1.55	$1.55	$1.55	$1.65	$1.40	$1.30	$1.30	$1.25	$1.25	$1.25	$1.25	$1.50	$1.20
Dividend Paid / Share	$1.60	$1.60	$1.80	$1.55	$1.55	$1.55	$1.65	$1.40	$1.30	$1.30	$1.25	$1.25	$1.25	$1.25	$1.50	$1.20
EPS (TTM)	$5.48	$5.42	·	$4.25	$4.29	$4.11	·	$5.00	$4.93	$4.87	·	$4.03	$4.10	$4.14	·	$4.89

Valuation (TTM) 5

Metric	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	$2.33B	$2.29B	·	$2.25B	$2.23B	$2.21B	·	$2.18B	$2.16B	$2.14B	·	$2.09B	$2.08B	$2.05B	·	$1.99B
Net Income TTM	$556M	$550M	·	$434M	$439M	$422M	·	$512M	$505M	$498M	·	$413M	$419M	$423M	·	$496M
P/E	28.5	23.4	·	28.8	28.3	27.7	·	26.7	24.2	24.5	·	20.7	24.2	24.1	·	16.9
Earnings Yield	3.5%	4.3%	·	3.5%	3.5%	3.6%	·	3.7%	4.1%	4.1%	·	4.8%	4.1%	4.1%	·	5.9%
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%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	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

Metric	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

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$683M	$748M	$605M	$615M	$608M

Institutional owners (13F) 827 filers · $14.2B total · As of Sept. 30, 2026

17

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.

Holders 827

Value held $14.2B

New positions 131

Exited positions 36

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
131 (+38 vs prior Q)	36 (-12 vs prior Q)	294 (+23 vs prior Q)	235 (+18 vs prior Q)	-1.3M

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 GROUP INC	$1,508,441,454	11,916,902	10.65%	Shares
BlackRock, Inc.	$1,499,620,174	9,614,182	10.59%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$1,170,849,988	7,506,411	8.27%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$612,638,123	3,927,671	4.33%	Shares
FMR LLC	$494,463,787	3,170,047	3.49%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$437,970,552	2,807,453	3.09%	Shares
STATE STREET CORP	$425,607,808	2,728,605	3.01%	Shares
Boston Partners	$361,458,631	2,317,282	2.55%	Shares
JANUS HENDERSON GROUP PLC	$350,240,314	2,765,131	2.47%	Shares
VICTORY CAPITAL MANAGEMENT INC	$344,630,635	2,209,454	2.43%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$331,573,237	2,125,742	2.34%	Shares
NORTHERN TRUST CORP	$239,677,621	1,536,592	1.69%	Shares
MORGAN STANLEY	$223,886,729	1,435,353	1.58%	Shares
AQR CAPITAL MANAGEMENT LLC	$222,007,908	1,434,345	1.57%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$209,362,596	1,342,240	1.48%	Shares
Hamlin Capital Management, LLC	$209,046,424	1,340,213	1.48%	Shares
DIMENSIONAL FUND ADVISORS LP	$204,342,618	1,310,044	1.44%	Shares
Egerton Capital (UK) LLP	$170,114,752	1,090,619	1.20%	Shares
DAVENPORT & Co LLC	$158,006,004	1,012,248	1.12%	Shares
Daiwa Securities Group Inc.	$147,746,439	947,214	1.04%	Shares
Invesco Ltd.	$146,122,925	936,805	1.03%	Shares
Capital World Investors	$140,853,060	903,020	0.99%	Shares
Quantinno Capital Management LP	$136,262,790	873,591	0.96%	Shares
Bank of New York Mellon Corp	$135,017,011	865,605	0.95%	Shares
NORGES BANK	$121,030,497	775,936	0.85%	Shares
HighTower Advisors, LLC	$120,857,646	774,828	0.85%	Shares
WELLS FARGO & COMPANY/MN	$117,141,494	751,003	0.83%	Shares
CANADA PENSION PLAN INVESTMENT BOARD	$115,764,457	742,175	0.82%	Shares
AMERIPRISE FINANCIAL INC	$102,385,964	656,405	0.72%	Shares
GOLDMAN SACHS GROUP INC	$99,578,898	638,408	0.70%	Shares
Nuveen, LLC	$87,858,653	563,269	0.62%	Shares
VANGUARD FIDUCIARY TRUST CO	$86,295,311	553,246	0.61%	Shares
RAYMOND JAMES FINANCIAL INC	$84,995,670	544,914	0.60%	Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$84,552,778	507,505	0.60%	Shares
JPMORGAN CHASE & CO	$80,157,044	508,524	0.57%	Shares
MILLER HOWARD INVESTMENTS INC /NY	$73,226,803	469,463	0.52%	Shares
BANK OF AMERICA CORP /DE/	$73,115,882	468,752	0.52%	Shares
ENVESTNET ASSET MANAGEMENT INC	$72,053,611	461,941	0.51%	Shares
ANCHOR CAPITAL ADVISORS LLC	$64,207,344	411,638	0.45%	Shares
SCHRODER INVESTMENT MANAGEMENT GROUP	$61,698,009	394,539	0.44%	Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$58,283,325	373,658	0.41%	Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC	$56,454,466	361,934	0.40%	Shares
ZACKS INVESTMENT MANAGEMENT	$54,448,190	349,071	0.38%	Shares
Ruffer LLP	$52,696,062	338,207	0.37%	Shares
JANE STREET GROUP, LLC	$52,079,694	333,887	0.37%	Shares
Epoch Investment Partners, Inc.	$51,199,655	328,245	0.36%	Shares
LFL Advisers, LLC	$48,921,567	313,640	0.35%	Shares
Boston Trust Walden Corp	$48,785,570	312,768	0.34%	Shares
Artisan Partners Limited Partnership	$44,861,408	287,610	0.32%	Shares
UBS Group AG	$44,618,702	286,054	0.32%	Shares

Show all 827 institutional owners →

Activists & 5%+ owners 15 positions

18

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.

Company insiders 20 insiders · 5 officers · 14 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Sean E Reilly	Chief Executive Officer	March 10, 2026 A	0	0	$0
Jay Lecoryelle Johnson	CFO, Treasurer, EVP	May 11, 2026 S	0	2	$-1,743,526
Keith A Istre	Chief Financial Officer	May 13, 2019 S	118,891	0	$0
Ross Lamar Reilly	EVP, President, Outdoor Div	March 23, 2026 M	15,850	1	$-767,912
Kevin P Reilly JR	Executive Chairman	March 10, 2026 A	423,607	0	$0
Thomas V Reifenheiser	Director	Sept. 14, 2026 S	36,387	1	$-1,206,994
Anna Reilly Cullinan	Director	June 12, 2026 A	148,463	0	$0
Mitchell Landrieu	Director	May 14, 2026 A	1,192	0	$0
Nancy Fletcher	Director	May 14, 2026 A	7,053	0	$0
Elizabeth Mary Thompson	Director	May 14, 2026 A	5,608	0	$0
Wendell Reilly	Director	May 14, 2026 A	7,672	0	$0
Stephen P Mumblow	Director	May 14, 2026 A	9,377	0	$0
John E Koerner III	Director	May 14, 2026 A	34,424	0	$0
Marshall A Loeb	Director	May 14, 2026 A	6,418	0	$0
John Maxwell Hamilton	Director	May 25, 2017 A	16,209	0	$0
Edward H Mcdermott	Director	Nov. 30, 2010 P	0	0	$0
Robert M Jelenic	Director	May 22, 2008 A	2,216	0	$0
Charles W Lamar III	Director	Dec. 13, 2004 J	916,923	0	$0
REILLY FAMILY LTD PARTNERSHIP	10% owner	Sept. 10, 2003 P	548,138	0	$0
PHOEBE SNOW FOUNDATION	·	Dec. 29, 2010 S	159,600	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 90 ETFs

20

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	10.05%	34,168 NS	July 31, 2026	N-PORT
JRE · Janus Detroit Street Trust	3.00%	788 NS	July 31, 2026	N-PORT
PEZ · Invesco Exchange-Traded Fund Trust	2.85%	4,264	Oct. 1, 2026	Daily
TBG · EA Series Trust	2.53%	41,153 NS	July 31, 2026	N-PORT
POWA · Invesco Exchange-Traded Self-Indexe…	2.01%	22,799	Oct. 1, 2026	Daily
JMID · Janus Detroit Street Trust	1.67%	2,464 NS	July 31, 2026	N-PORT
ICF · iShares Trust	1.67%	222,416 SH	Sept. 11, 2026	Daily
PSR · Invesco Actively Managed Exchange-T…	1.66%	6,341	Oct. 1, 2026	Daily
XMLV · Invesco Exchange-Traded Fund Trust …	1.16%	55,295	Oct. 1, 2026	Daily
XMMO · Invesco Exchange-Traded Fund Trust	1.10%	532,055	Oct. 1, 2026	Daily
USRT · iShares Trust	1.09%	326,654 SH	Sept. 11, 2026	Daily
DFAR · Dimensional ETF Trust	1.04%	115,812 NS	July 31, 2026	N-PORT
HGRO · ETF Opportunities Trust	1.01%	7,975 NS	July 31, 2026	N-PORT
IYR · iShares Trust	0.97%	268,520 SH	Sept. 11, 2026	Daily
FREL · FIDELITY COVINGTON TRUST	0.89%	83,491 NS	July 31, 2026	N-PORT
SMDX · Tidal Trust III	0.83%	6,758 NS	July 31, 2026	N-PORT
VMAX · Lattice Strategies Trust	0.74%	2,275 NS	July 31, 2026	N-PORT
GTOS · Invesco Actively Managed Exchange-T…	0.72%	864,000	Oct. 1, 2026	Daily
VNQ · VANGUARD SPECIALIZED FUNDS	0.71%	3,272,989 SH	Aug. 19, 2026	Daily
DFGR · Dimensional ETF Trust	0.68%	163,004 NS	July 31, 2026	N-PORT
BSJS · Invesco Exchange-Traded Self-Indexe…	0.56%	4,449,000	Oct. 1, 2026	Daily
HDUS · Lattice Strategies Trust	0.52%	6,649 NS	July 31, 2026	N-PORT
IVOG · VANGUARD ADMIRAL FUNDS	0.43%	51,539 SH	Aug. 19, 2026	Daily
RDIV · Invesco Exchange-Traded Fund Trust …	0.42%	41,254	Oct. 1, 2026	Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr…	0.41%	12,042 NS	July 31, 2026	N-PORT
FPRO · FIDELITY COVINGTON TRUST	0.41%	424 NS	July 31, 2026	N-PORT
QVMM · Invesco Exchange-Traded Fund Trust …	0.41%	11,606	Oct. 1, 2026	Daily
JPUS · J.P. Morgan Exchange-Traded Fund Tr…	0.41%	11,676 NS	July 31, 2026	N-PORT
PTMC · Pacer Funds Trust	0.39%	9,614 NS	July 31, 2026	N-PORT
IVOO · VANGUARD ADMIRAL FUNDS	0.37%	140,657 SH	Aug. 19, 2026	Daily
BKMC · BNY Mellon ETF Trust	0.36%	14,591 NS	July 31, 2026	N-PORT
INFO · Harbor ETF Trust	0.35%	18,436 NS	July 31, 2026	N-PORT
FNY · First Trust Exchange-Traded AlphaDE…	0.33%	11,769 NS	July 31, 2026	N-PORT
IVOV · VANGUARD ADMIRAL FUNDS	0.31%	29,893 SH	Aug. 19, 2026	Daily
FFLV · FIDELITY COVINGTON TRUST	0.30%	313 NS	July 31, 2026	N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr…	0.30%	38,188 NS	July 31, 2026	N-PORT
MIDU · Direxion Shares ETF Trust	0.30%	1,279 NS	July 31, 2026	N-PORT
FSMD · FIDELITY COVINGTON TRUST	0.28%	43,246 NS	July 31, 2026	N-PORT
FBCV · FIDELITY COVINGTON TRUST	0.25%	2,788 NS	July 31, 2026	N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr…	0.24%	122,612 NS	July 31, 2026	N-PORT
VBK · VANGUARD INDEX FUNDS	0.19%	577,071 SH	Aug. 19, 2026	Daily
FDRR · FIDELITY COVINGTON TRUST	0.18%	8,366 NS	July 31, 2026	N-PORT
ISCG · iShares Trust	0.18%	11,394 SH	Sept. 11, 2026	Daily
SMMD · iShares Trust	0.18%	45,531 SH	Sept. 11, 2026	Daily
HSMV · First Trust Exchange-Traded Fund III	0.17%	370 NS	July 31, 2026	N-PORT
VB · VANGUARD INDEX FUNDS	0.16%	1,996,389 SH	Aug. 19, 2026	Daily
FNX · First Trust Exchange-Traded AlphaDE…	0.15%	13,207 NS	July 31, 2026	N-PORT
EQAL · Invesco Exchange-Traded Fund Trust …	0.15%	8,291	Oct. 1, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.15%	999,143 SH	Aug. 19, 2026	Daily
VBR · VANGUARD INDEX FUNDS	0.14%	633,626 SH	Aug. 19, 2026	Daily
FHEQ · Fidelity Greenwood Street Trust	0.14%	8,074 NS	July 31, 2026	N-PORT
FBUF · Fidelity Greenwood Street Trust	0.12%	179 NS	July 31, 2026	N-PORT
WSML · iShares Trust	0.12%	5,328 SH	Sept. 11, 2026	Daily
FYEE · Fidelity Greenwood Street Trust	0.12%	1,593 NS	July 31, 2026	N-PORT
FAD · First Trust Exchange-Traded AlphaDE…	0.10%	3,533 NS	July 31, 2026	N-PORT
ROUS · Lattice Strategies Trust	0.10%	4,318 NS	July 31, 2026	N-PORT
IWS · iShares Trust	0.10%	99,323 SH	Sept. 10, 2026	Daily
RWK · Invesco Exchange-Traded Fund Trust …	0.09%	8,179	Oct. 1, 2026	Daily
IWR · iShares Trust	0.09%	349,852 SH	Sept. 11, 2026	Daily
IWP · iShares Trust	0.08%	107,588 SH	Sept. 11, 2026	Daily
OMFL · Invesco Exchange-Traded Self-Indexe…	0.06%	18,873	Oct. 1, 2026	Daily
DIVB · iShares Trust	0.04%	6,118 SH	Sept. 11, 2026	Daily
TILT · FlexShares Trust	0.03%	4,173 NS	July 31, 2026	N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS	0.03%	39,981 SH	Aug. 19, 2026	Daily
IWD · iShares Trust	0.03%	146,950 SH	Sept. 11, 2026	Daily
IUSG · iShares Trust	0.02%	46,482 SH	Sept. 11, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.02%	2,765,075 SH	Aug. 19, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.02%	14,054 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.02%	7,184 SH	Aug. 19, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.02%	19,286 SH	Aug. 19, 2026	Daily
IYY · iShares Trust	0.02%	3,725 SH	Sept. 10, 2026	Daily
IWB · iShares Trust	0.02%	58,895 SH	Sept. 11, 2026	Daily
IWV · iShares Trust	0.02%	23,962 SH	Sept. 8, 2026	Daily
PRF · Invesco Exchange-Traded Fund Trust	0.02%	11,902	Oct. 1, 2026	Daily
ITOT · iShares Trust	0.02%	111,841 SH	Sept. 11, 2026	Daily
IUSV · iShares Trust	0.02%	31,158 SH	Sept. 11, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	74,500 SH	Aug. 19, 2026	Daily
VONG · VANGUARD SCOTTSDALE FUNDS	0.01%	30,109 SH	Aug. 19, 2026	Daily
IWF · iShares Trust	0.01%	71,799 SH	Sept. 11, 2026	Daily
NEAR · iShares U.S. ETF Trust	0.00%	200,000 SH	Sept. 9, 2026	Daily
VGHY · VANGUARD FIXED INCOME SECURITIES FU…	·	·	July 15, 2026	Daily
VCRB · VANGUARD MALVERN FUNDS	·	·	July 15, 2026	Daily
VGMS · VANGUARD MALVERN FUNDS	·	·	July 15, 2026	Daily
IJH · iShares Trust	·	3,054,799 SH	Sept. 11, 2026	Daily
IJK · iShares Trust	·	302,919 SH	Sept. 11, 2026	Daily
IJJ · iShares Trust	·	177,558 SH	Aug. 21, 2026	Daily
XJH · iShares Trust	·	11,893 SH	Sept. 8, 2026	Daily
ISCB · iShares Trust	·	3,910 SH	Sept. 11, 2026	Daily
ISCV · iShares Trust	·	11,313 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	90,310 SH	Sept. 11, 2026	Daily

LAMR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 13 analysts BUY

Median target $160.00 +11.0%

2 15.4% Strong Buy

4 30.8% Buy

7 53.8% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

5 analysts · 2026-09-30

Mean target $162.20 +12.5%

← Below all targets Current price $144.12

Low$151.00 Mean$162.20 High$170.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

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%	·
EPR	·	15.2	2.9%	38.3%	11.8%	·
MRP	·	12.2	·	63.3%	6.5%	·
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%	·

Latest News Recent headlines mentioning this company

23

Is Lam Research, KLA, or Applied Materials the Best Chip Equipment Buy? Jim Cramer Weighs In Yahoo Finance · 1 month, 3 weeks ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

BOUNCE_UP Stopped out Sep 19

risk 1 reward 1.50

entry $123.01 R:R 1.50

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

LAMR Class A Lamar Advertising Company - Class A Common Stock

LAMR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

LAMR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

About Lamar Advertising Company - Class A Common Stock Company overview from Wikipedia

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Institutional owners (13F) 827 filers · $14.2B total · As of Sept. 30, 2026

Activists & 5%+ owners 15 positions

Company insiders 20 insiders · 5 officers · 14 directors

ETF ownership Held by 90 ETFs

LAMR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals