Filing Flows › Lamar Advertising (LAMR) › Q4 2025
Lamar Advertising (LAMR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Lamar Advertising (LAMR) reported revenue of $596M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was 32.9%, net earnings $152M (25.6% of revenue).
Lamar Advertising, Q4 2025: revenue $596M (+3% year over year), operating margin 32.9%, net earnings $152M, operating cash flow $271M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $596M | +2% | +3% |
| Operating profit | $196M | +4% | +435% |
| Net earnings | $152M | +7% | — |
| Operating cash flow | $271M | +15% | -3% |
| Free cash flow | $208M | +12% | -12% |
What changed
Revenue was $595.9M in Q4 2025, up 3% year over year and up 2% from the previous quarter.
Operating profit was $196.1M, a 32.9% margin (up 26.6 points year over year). Of the extra revenue versus a year earlier, 974% reached operating profit, above the 6% margin then. Total costs fell 26% while revenue rose 3%. Net earnings were $152.3M. The effective tax rate was 1.2%.
Operating cash flow was $271.2M (down 3% year over year), 175% of net earnings. Non-cash charges added back $84.1M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items added $23.6M. Capital expenditures of $62.9M left free cash flow of $208.3M.
Questions
What was Lamar Advertising's revenue in the fourth quarter 2025?
Lamar Advertising (LAMR) reported revenue of $596M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +2% from the quarter before.
Was Lamar Advertising profitable in the fourth quarter 2025?
Operating profit was $196M (32.9% of revenue) and net earnings $152M.
Source: Lamar Advertising 10-K on SEC EDGAR.