Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B | $1.54B | $1.63B | $1.75B | $1.57B | $1.79B | $2.03B | $2.11B | $2.21B | $2.27B |
| Revenue growth | — | 2.7% | 5.6% | 7.8% | -10.5% | 13.9% | 13.7% | 3.9% | 4.6% | 2.7% |
| Operating income | $439M | $455M | $461M | $518M | $410M | $521M | $578M | $675M | $532M | $774M |
| Operating margin | 29.3% | 29.5% | 28.3% | 29.5% | 26.1% | 29.2% | 28.4% | 32.0% | 24.1% | 34.2% |
| Net income | $299M | $318M | $305M | $372M | $243M | $388M | $439M | $496M | $362M | $587M |
| Net margin | 19.9% | 20.6% | 18.8% | 21.2% | 15.5% | 21.7% | 21.6% | 23.5% | 16.4% | 25.9% |
| EPS (diluted) | $3.05 | $3.23 | $3.08 | $3.71 | $2.41 | $3.83 | $4.31 | $4.85 | $3.52 | $5.77 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $522M | $507M | $565M | $631M | $570M | $734M | $782M | $784M | $874M | $864M |
| Capital expenditures | $108M | $109M | $118M | $141M | $62.3M | $126M | $167M | $178M | $125M | $181M |
| Free cash flow | $414M | $398M | $447M | $490M | $508M | $608M | $615M | $605M | $748M | $683M |
| Share buybacks | $6.20M | $9.00M | $4.11M | $8.88M | $10.5M | $6.07M | $10.5M | $5.99M | $5.34M | $158M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $35.5M | $115M | $21.5M | $26.2M | $122M | $99.8M | $52.6M | $44.6M | $49.5M | $64.8M |
| Total assets | $3.90B | $4.21B | $4.54B | $5.94B | $5.79B | $6.05B | $6.48B | $6.56B | $6.59B | $6.93B |
| Total liabilities | $2.83B | $3.11B | $3.41B | $4.76B | $4.59B | $4.83B | $5.28B | $5.35B | $5.54B | $5.91B |
| Long-term debt | $2.32B | $2.54B | $2.68B | $2.75B | $2.76B | $2.84B | $3.06B | $3.09B | $2.96B | $3.17B |
| Shareholders' equity | $1.07B | $1.10B | $1.13B | $1.18B | $1.20B | $1.22B | $1.20B | $1.22B | $1.05B | $1.02B |
| Retained earnings | -$631M | -$639M | -$695M | -$708M | -$717M | -$734M | -$804M | -$819M | -$1.04B | -$1.11B |
| Shares (wtd avg diluted) | 97.7M | 98.4M | 99.1M | 100M | 101M | 101M | 102M | 102M | 103M | 102M |
Every figure is extracted from LAMAR ADVERTISING CO/NEW’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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