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Lamar Advertising Company is one of the largest outdoor advertising companies in the United States based on number of displays and has operated under the Lamar name since 1902. We manage our business through three operating segments billboard, logo and transit advertising.
34.16% operating margin is above average. ROIC at 13.03%.
Revenue growth slowed to 2.7%, essentially flat. This is a business that needs a catalyst.
Net debt of $4.85B represents 7.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.29B
▲ +2.7% YoY
Net Income (TTM)
$549M
▲ +62.3% YoY
Op. Margin
31.85%
▲ +10.1pp YoY
ROIC
12.28%
▲ +3.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$700M
▼ -8.7% YoY
Op. Cash Flow (TTM)
$884M
▼ -1.1% YoY
Net Debt
$4.92B
Cash & Equiv.
$39M
5Y CAGR: +7.6%
5Y CAGR: +6.1%
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