LAMR
Lamar Advertising Company
LAMR's fundamentals are strong: its operating margin rose 5 points to 32% and earnings per share grew 33%. At 28x earnings, it's trading in line with its usual 26x. Analysts expect earnings growth.
LAMR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
LAMR's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like LAMR.
LAMR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $123 | -23% |
| Fair | 26x | $147 | -8.1% |
| Forward | 26x | $160 | — |
| Current | 28x | $160 | — |
| Expensive | 32x | $180 | +13% |
Historical ranges are pointers, not guarantees.
LAMR's PE is in its fair range at 28x. If earnings grow as analysts expect, today's price would be 26x next year's earnings.
LAMR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for LAMR, with profitability improving.
LAMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.23 | +9.9% |
| Q3 2026 | $5.67 | +33% |
| Q2 2026 | $5.48 | +28% |
| Q1 2026 | $5.42 | +32% |
| Q4 2025 | $5.77 | +64% |
| Q3 2025 | $4.25 | -15% |
| Q2 2025 | $4.29 | -13% |
| Q1 2025 | $4.11 | -16% |
| Q4 2024 | $3.52 | -27% |
LAMR earned $5.67 per share over the past year, up 33% from the year before.
LAMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $624.5M | +6.6% |
| Q2 2026 | $616.7M | +6.5% |
| Q1 2026 | $528M | +4.5% |
| Q4 2025 | $595.9M | +2.8% |
| Q3 2025 | $585.5M | +3.8% |
| Q2 2025 | $579.3M | +2.5% |
| Q1 2025 | $505.4M | +1.5% |
| Q4 2024 | $579.6M | +4.3% |
LAMR's revenue has grown year over year for 22 quarters in a row: $624M last quarter, up 6.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 34% | +1.3 points |
| Q2 2026 | 34% | -0.4 points |
| Q1 2026 | 28% | -10 points |
| Q4 2025 | 33% | +27 points |
| Q3 2025 | 32% | -0.8 points |
| Q2 2025 | 34% | +1.5 points |
| Q1 2025 | 38% | +13 points |
| Q4 2024 | 6.3% | -28 points |
LAMR's operating margin was 34% last quarter, up 1.3 points from the same quarter a year ago.
LAMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $239.1M | +29% |
| Q2 2026 | $209.7M | +9.6% |
| Q1 2026 | $114.3M | +17% |
| Q4 2025 | $208.3M | -12% |
| Q3 2025 | $185.8M | -5.8% |
| Q2 2025 | $191.3M | -18% |
| Q1 2025 | $97.9M | +21% |
| Q4 2024 | $236.3M | +14% |
LAMR's free cash flow was $771M over the past year, up 8.4% from the year before. Free cash flow isn't a meaningful measure for real estate companies like LAMR.
LAMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +70.7K shares |
| 1 year | +0.3% | +354K shares |
| 3 years | -0.5% | -468K shares |
| 5 years | +0.3% | +261K shares |
| Available history | +1.3% | +1.3M shares |
LAMR has 102M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $6.1M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $131.6M |
| Q1 2025 | $26.4M |
| Q4 2024 | $1,000 |
LAMR has spent almost nothing on buybacks in the past year.
LAMR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 3.3x | Elevated |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.0x | Moderate |
| Q4 2024 | 3.2x | Elevated |
LAMR's net debt is about 3.1 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like LAMR.
LAMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.0 | Neutral |
| Stochastic | 69.6 | Neutral |
LAMR's weekly RSI is 62 (neutral) and its Stochastic is 70 (neutral).
LAMR PE vs Real Estate Sector
| Metric | LAMR | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 18% above |
| PE % | 63 | 23 | 40 pts above |
LAMR is trading at 28x earnings, a 18% premium to the Real Estate sector's median of 24x.
LAMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $151.6 | 5.3% above |
| 20 week MA | $153.6 | 4% above |
| 50 week MA | $143.5 | 11% above |
| 100 week MA | $132.5 | 21% above |
| 200 week MA | $120.2 | 33% above |
LAMR is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
LAMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.7 | $81.4 | -8.3% |
| 2021 | $81.4 | $118.3 | +45% |
| 2022 | $118.3 | $93.8 | -21% |
| 2023 | $93.8 | $106.3 | +13% |
| 2024 | $106.3 | $121.9 | +15% |
| 2025 | $121.9 | $126.6 | +3.8% |
| 2026 YTD | $126.6 | $159.7 | +26% |
LAMR has finished higher in four of the last six years. It's up 26% so far in 2026.