Lamar Advertising (LAMR) FY2024 results: revenue $2.2 billion, up 4.6% on the year
Lamar Advertising Co. (LAMR) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, up 4.6% on the year before. Net income was $362 million, down 27.0%, and diluted earnings per share $3.52. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$2.2 billion
+4.6% on the year
FY2017FY2024
Operating margin
24.1%
32.0% a year earlier
FY2017FY2024
Net income
$362 million
-27.0% on the year
FY2017FY2024
Diluted EPS
$3.52
-27.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
874
784
782
+11.5%
Capital expenditure
125
178
167
-29.7%
Free cash flow
748
605
615
+23.6%
Free cash flow margin
33.9%
28.7%
30.2%
Cash from investing
-165
-310
-619
Cash from financing
-703
-482
-209
Depreciation and amortisation
463
293
349
+57.8%
Share-based compensation
44.5
22.6
23.1
+96.6%
Buybacks
5.3
6.0
10.5
-10.8%
Dividends paid
579
511
509
+13.4%
Dividend per share
$5.65
$5.00
$5.00
+13.0%
Diluted shares, weighted
103m
102m
102m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,048
1,217
1,195
-13.9%
Non-controlling interest
n/a
n/a
0.0
Debt
3,211
3,341
3,313
-3.9%
Operating lease liabilities
1,114
1,075
1,036
+3.6%
Finance lease liabilities
13.3
14.6
15.9
-9.1%
Other liabilities
1,200
916
915
+31.0%
Total liabilities and equity
6,587
6,564
6,475
+0.3%
Fixed assets
1,601
1,566
1,500
+2.2%
Goodwill
2,035
2,035
2,035
-0.0%
Intangible assets
1,063
1,171
1,207
-9.3%
Cash and equivalents
49.5
44.6
52.6
+10.9%
Receivables
335
301
285
+11.2%
Other assets
1,504
1,445
1,396
+4.1%
Total assets
6,587
6,564
6,475
+0.3%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.