# Lamar Advertising Co (LAMR) — Stock CV

Lamar Advertising Co is a $14.9B real estate company. Revenue grew 4.4% over the last year, it keeps 24¢ of every dollar of sales as profit, and its net debt equals ~4.3 years of free cash flow. It trades at 26.7× earnings — around the middle of its own history.

> Lamar Advertising Co is an outdoor advertising company that operates as a real estate investment trust.

## Identity

- **Ticker**: LAMR
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: BATON ROUGE, LA
- **Employees**: 3 500
- **Website**: https://www.lamar.com
- **Market cap**: $14.9B
- **Last price**: $146.47
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $2.33B
- **Net income**: $556M
- **Free cash flow**: $718M
- **Net debt**: $3.10B
- **P/E**: 26.7
- **Revenue growth (YoY)**: 4.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 48 |
| Growth | 64 |
| Profitability | 87 |
| Health | 15 |
| Quality | 100 |
| Moat | 75 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +4.4% YoY
- [x] Profitable — $556M TTM
- [x] Profit growing — +10.2% YoY
- [x] Generates cash — $718M TTM
- [x] Debt under control — ~4.3y of cash flow to repay
- [x] Established company — $14.9B market cap
- [x] Not printing shares — +0.7% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 4.47%
- [x] Valuation not extreme — P/E 26.7

## Experience (career milestones)

- **FY2025** — Best year on record: $587M net income
- **FY2018** — Revenue crossed $1B: $1.63B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — Lamar purchased advertising rights in five major American markets from Clear Channel Outdoor for…
- **2014** — Lamar Advertising Company became a real estate investment trust in 2014
- **Aug 2, 1996** — Following an initial public offering (IPO), Lamar Advertising Company began trading on the NASDAQ…
- **1908** — The Company became independent under its current name in 1908 in Pensacola, Florida
- **1902** — Lamar Advertising Company was founded in 1902 by J.M

## Strengths

- High gross margin (82.0%)
- Strongly profitable — 23.9% net margin
- Strong cash conversion — FCF is 30.9% of revenue
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.79B | $388M | $608M |
| FY2022 | $2.03B | $439M | $615M |
| FY2023 | $2.11B | $496M | $605M |
| FY2024 | $2.21B | $362M | $748M |
| FY2025 | $2.27B | $587M | $683M |

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Source: https://stockcv.com/LAMR — derived from company filings; may be delayed or incomplete. Information, not investment advice.