LAMR Lamar Advertising margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 91

Gross margin

67.4%

Operating margin

31.8%

EBITDA margin

45.9%

Net margin

23.9%

The Lamar Advertising reports a gross margin of 67.4%, an operating margin of 31.8%, an EBITDA margin of 45.9%, and a net margin of 23.9%. Operating margin expanded the most, by 4.3 percentage points, while EBITDA margin contracted the most, by 2.8 percentage points.

LAMR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Lamar Advertising's margins averaged 67.05% gross, 30.09% operating, 46.76% EBITDA, and 21.99% net. Currently, gross, operating, and net margins are above their three-year averages, while EBITDA margin is below its three-year average.

LAMR margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 4.3 percentage points, and gross margin also expanded by 0.4 percentage points and net margin also expanded by 4.2 percentage points, whereas EBITDA margin contracted by 2.8 percentage points.

Gross margin expansion

0.4pp

Operating margin expansion

4.3pp

EBITDA margin expansion

-2.8pp

Net margin expansion

4.2pp

LAMR Gross margin

Over the last 3 years, Lamar Advertising's gross margin averaged 67.05%. The current gross margin of 67.4% is 0.4 percentage points above its three-year average. During this period, gross margin reached a high of 67.4% in Jun 2026 and a low of 66.9% in Jun 2024.

LAMR Operating margin

Over the last 3 years, Lamar Advertising's operating margin averaged 30.09%. The current operating margin of 31.8% is 1.7 percentage points above its three-year average. During this period, operating margin reached a high of 34.2% in Dec 2025 and a low of 24.1% in Dec 2024.

LAMR EBITDA margin

Over the last 3 years, the average EBITDA margin for Lamar Advertising was 46.76%. Lamar Advertising currently reports an EBITDA margin of 45.9%, 0.9 percentage points below its three-year average. Lamar Advertising's EBITDA margin ranged from a low of 45.4% in Sep 2024 to a high of 48.7% in Jun 2025.

LAMR Net margin

Across the last 3 years, Lamar Advertising's net margin averaged 21.99%. Lamar Advertising's current net margin is 23.9% and is 1.9 percentage points above its three-year average. Net margin was highest at 25.9% in Dec 2025 and lowest at 16.4% in Dec 2024.

LAMR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 67.4%, LAMR stands above the Real Estate sector and the industry average. In comparison with its Real Estate sector average of 62.7%, Lamar Advertising's gross margin is 7% higher.

LAMR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lamar Advertising's gross margin?

For the period ending Jun 30, 2026, LAMR recorded a gross margin of 67.4%.

What is Lamar Advertising's operating margin?

For the period ending Jun 30, 2026, LAMR recorded an operating margin of 31.8%.

What is Lamar Advertising's EBITDA margin?

As of Jun 30, 2026, LAMR has an EBITDA margin of 45.9%.

What is Lamar Advertising's net margin?

The current net margin for LAMR is 23.9% as of Jun 30, 2026.

What are the average margins of LAMR?

Lamar Advertising's gross, operating, EBITDA, and net margins averaged 67.1% gross, 30.1% operating, 46.8% EBITDA, and 22.0% net over the last 3 years.

What are the highest historical margins of LAMR?

Over this 5-year history, LAMR peaked at 67.7% gross in Mar 2022, 34.2% operating in Dec 2025, 48.7% EBITDA in Jun 2025, and 25.9% net in Dec 2025.

What are the lowest historical margins of LAMR?

Over this 5-year history, Lamar Advertising's margins fell as low as 66.9% gross in Jun 2024, 24.1% operating in Dec 2024, 43.4% EBITDA in Dec 2021, and 16.4% net in Dec 2024.