Lamar Advertising annual debt-to-equity ratio
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2025
Lamar Advertising Debt-to-Equity Ratio Growth & History (LAMR)
Lamar Advertising's debt-to-equity ratio was 4.80 for fiscal 2025.
View full Lamar Advertising company overviewLamar Advertising annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.80 | 0.45 | +10.36% |
| 2024 | 2024-12-31 | 4.35 | 0.53 | +13.98% |
| 2023 | 2023-12-31 | 3.82 | −0.01 | −0.23% |
| 2022 | 2022-12-31 | 3.82 | 0.35 | +10.15% |
| 2021 | 2021-12-31 | 3.47 | 0.07 | +1.96% |
| 2020 | 2020-12-31 | 3.41 | −0.19 | −5.32% |
| 2019 | 2019-12-31 | 3.60 | 1.04 | +40.92% |
| 2018 | 2018-12-31 | 2.55 | 0.24 | +10.16% |
| 2017 | 2017-12-31 | 2.32 | 0.12 | +5.48% |
| 2016 | 2016-12-31 | 2.20 | 0.34 | +18.57% |
| 2015 | 2015-12-31 | 1.85 | −0.08 | −4.30% |
| 2014 | 2014-12-31 | 1.94 | −0.14 | −6.85% |
| 2013 | 2013-12-31 | 2.08 | −0.43 | −17.14% |
| 2012 | 2012-12-31 | 2.51 | −0.10 | −3.83% |
| 2011 | 2011-12-31 | 2.61 | −0.37 | −12.44% |
| 2010 | 2010-12-31 | 2.98 | −0.24 | −7.39% |
| 2009 | 2009-12-31 | 3.22 | — | — |
Lamar Advertising quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.00 | −0.26 | −4.93% |
| Q1 2026 | 2026-03-31 | 5.05 | 0.64 | +14.43% |
| Q4 2025 | 2025-12-31 | 4.80 | 0.45 | +10.36% |
| Q3 2025 | 2025-09-30 | 4.58 | 0.83 | +22.20% |
| Q2 2025 | 2025-06-30 | 5.26 | 1.39 | +35.75% |
| Q1 2025 | 2025-03-31 | 4.41 | 0.48 | +12.10% |
| Q4 2024 | 2024-12-31 | 4.35 | 0.53 | +13.98% |
| Q3 2024 | 2024-09-30 | 3.75 | −0.20 | −5.03% |
| Q2 2024 | 2024-06-30 | 3.88 | −0.08 | −2.04% |
| Q1 2024 | 2024-03-31 | 3.94 | −0.02 | −0.59% |
| Q4 2023 | 2023-12-31 | 3.82 | −0.01 | −0.23% |
| Q3 2023 | 2023-09-30 | 3.94 | 0.47 | +13.66% |
| Q2 2023 | 2023-06-30 | 3.96 | 0.37 | +10.21% |
| Q1 2023 | 2023-03-31 | 3.96 | 0.43 | +12.10% |
| Q4 2022 | 2022-12-31 | 3.82 | 0.35 | +10.15% |
| Q3 2022 | 2022-09-30 | 3.47 | 0.24 | +7.49% |
| Q2 2022 | 2022-06-30 | 3.59 | 0.37 | +11.40% |
| Q1 2022 | 2022-03-31 | 3.53 | 0.14 | +4.13% |
| Q4 2021 | 2021-12-31 | 3.47 | 0.07 | +1.96% |
| Q3 2021 | 2021-09-30 | 3.23 | −0.44 | −11.88% |
| Q2 2021 | 2021-06-30 | 3.22 | −0.68 | −17.43% |
| Q1 2021 | 2021-03-31 | 3.39 | −0.82 | −19.55% |
| Q4 2020 | 2020-12-31 | 3.41 | −0.19 | −5.32% |
| Q3 2020 | 2020-09-30 | 3.66 | 0.01 | +0.28% |
| Q2 2020 | 2020-06-30 | 3.90 | 0.24 | +6.47% |
| Q1 2020 | 2020-03-31 | 4.22 | 0.40 | +10.55% |
| Q4 2019 | 2019-12-31 | 3.60 | 1.04 | +40.92% |
| Q3 2019 | 2019-09-30 | 3.65 | 1.33 | +57.41% |
| Q2 2019 | 2019-06-30 | 3.67 | 1.28 | +53.41% |
| Q1 2019 | 2019-03-31 | 3.81 | 1.29 | +50.92% |
| Q4 2018 | 2018-12-31 | 2.55 | 0.24 | +10.16% |
| Q3 2018 | 2018-09-30 | 2.32 | 0.07 | +3.33% |
| Q2 2018 | 2018-06-30 | 2.39 | 0.16 | +6.99% |
| Q1 2018 | 2018-03-31 | 2.53 | 0.23 | +9.78% |
| Q4 2017 | 2017-12-31 | 2.32 | 0.12 | +5.48% |
| Q3 2017 | 2017-09-30 | 2.25 | −0.01 | −0.31% |
| Q2 2017 | 2017-06-30 | 2.23 | −0.07 | −2.96% |
| Q1 2017 | 2017-03-31 | 2.30 | −0.09 | −3.63% |
| Q4 2016 | 2016-12-31 | 2.20 | 0.34 | +18.57% |
| Q3 2016 | 2016-09-30 | 2.25 | 0.30 | +15.14% |
| Q2 2016 | 2016-06-30 | 2.30 | 0.33 | +16.63% |
| Q1 2016 | 2016-03-31 | 2.39 | 0.40 | +19.96% |
| Q4 2015 | 2015-12-31 | 1.85 | −0.08 | −4.30% |
| Q3 2015 | 2015-09-30 | 1.96 | −0.33 | −14.59% |
| Q2 2015 | 2015-06-30 | 1.97 | −0.20 | −9.35% |
| Q1 2015 | 2015-03-31 | 1.99 | −0.08 | −3.67% |
| Q4 2014 | 2014-12-31 | 1.94 | −0.14 | −6.85% |
| Q3 2014 | 2014-09-30 | 2.29 | −0.00 | −0.19% |
| Q2 2014 | 2014-06-30 | 2.18 | −0.19 | −7.90% |
| Q1 2014 | 2014-03-31 | 2.07 | −0.38 | −15.54% |
| Q4 2013 | 2013-12-31 | 2.08 | −0.43 | −17.14% |
| Q3 2013 | 2013-09-30 | 2.30 | −0.12 | −4.79% |
| Q2 2013 | 2013-06-30 | 2.36 | −0.24 | −9.37% |
| Q1 2013 | 2013-03-31 | 2.45 | −0.22 | −8.17% |
| Q4 2012 | 2012-12-31 | 2.51 | −0.10 | −3.83% |
| Q3 2012 | 2012-09-30 | 2.41 | −0.28 | −10.36% |
| Q2 2012 | 2012-06-30 | 2.61 | −0.18 | −6.34% |
| Q1 2012 | 2012-03-31 | 2.66 | −0.26 | −8.87% |
| Q4 2011 | 2011-12-31 | 2.61 | −0.37 | −12.44% |
| Q3 2011 | 2011-09-30 | 2.69 | −0.34 | −11.21% |
| Q2 2011 | 2011-06-30 | 2.78 | −0.37 | −11.74% |
| Q1 2011 | 2011-03-31 | 2.92 | — | — |
| Q4 2010 | 2010-12-31 | 2.98 | −0.24 | −7.39% |
| Q3 2010 | 2010-09-30 | 3.03 | — | — |
| Q2 2010 | 2010-06-30 | 3.15 | — | — |
| Q4 2009 | 2009-12-31 | 3.22 | — | — |
Lamar Advertising debt-to-equity ratio trends
Over the last five fiscal years, Lamar Advertising's debt-to-equity ratio increased from 3.41 to 4.80, a change of 1.39. The latest reported quarter, Q2 2026, shows 5.00.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lamar Advertising source filings ↗