Reading the tape
NASDAQ: LAMR
Lamar Advertising Company
Real Estate · REIT - Specialty
Market Cap
$14.17B
52w High
$141.57
52w Low
$112.00
P/E
24.07
Volume
705.10K
Outstanding Shares
101.56M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 20.08%Revenue (TTM): 2.68%FCF (TTM): -3.84%P/FCF: 95th pct
What changed
The stock rose 20.08% over the last year. Revenue grew 2.68% over the trailing twelve months. Operating margin moved from 24.11% to 30.81%. Free cash flow declined 3.84% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 30.81% — continued expansion would be needed to justify the premium. Revenue growth of 2.68% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada.
CEOSean E. Reilly
SectorReal Estate
IndustryREIT - Specialty
Employees3,500
IPO dateAug 2, 1996
Valuation
Forward P/E—
EV/EBITDA17.23
Enterprise value$18.97B
Price / Book14.01
Stock splits
Mar 2, 1998↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth2.82%
Gross margin38.24%▼42.95%vs FY2024
Operating margin30.81%▲27.79%vs FY2024
ROE58.04%▲67.96%vs FY2024
Analyst consensus
RatingBuy
Target price$145.00▲3.92%
11
Buy
7
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.82 · Revenue est $522.86M
View
Dividends
$6.50/shareQuarterlyAdequateLAMR pays a dividend with a 4.66% dividend yield, growing at 23.64% annually, covered 1.1× by free cash flow.
Dividend Yield
4.66%
Annual Div / Share
$6.50
5yr CAGR
+23.64%
Doubles every ~3.3yr
FCF Coverage
1.1×
Adequate
Dividend Growth Rate
3yr CAGR
+8.07%
5yr CAGR
+23.64%
10yr CAGR
+8.71%
Dividend Safety
5/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$6.50+10.2%
2024$5.90+16.8%
2023$5.05-1.9%
2022$5.15+18.4%
2021$4.35+93.3%
2020$2.25-42.0%
2019$3.88+4.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$47/yr
$4/mo
In 5 yrs
$82/yr+76%
$7/mo
In 10 yrs
$145/yr+211%
$12/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$47/yr $4/mo | $82/yr+76% $7/mo | $145/yr+211% $12/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 4.66% → 14.47% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 23.64% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.