Gaming and Leisure Properties vs Lamar Advertising
Lamar Advertising reported revenue of $2.3 billion in fiscal 2025, 1.4 times Gaming and Leisure Properties' $1.6 billion in fiscal 2025. Gaming and Leisure Properties' revenue grew 4.1% in its latest year, and Lamar Advertising's grew 2.7%. Gaming and Leisure Properties had an operating margin of 75.3%, against 34.2% at Lamar Advertising. Free cash flow was $825 million at Gaming and Leisure Properties and $683 million at Lamar Advertising.
Side by side
| Gaming and Leisure Properties | Lamar Advertising | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.6B | $2.3B |
| Revenue growth | 4.1% | 2.7% |
| Revenue growth a year, last 5 years | 6.7% | 7.6% |
| Gross margin | — | 67.0% |
| Operating margin | 75.3% | 34.2% |
| Net margin | 51.7% | 25.9% |
| Free cash flow | $825M | $683M |
| Free cash flow margin | 51.7% | 30.1% |
| Return on capital | 10.2% | 17.3% |
| Net debt to EBITDA | 4.7x | 3.1x |
| Dividends and buybacks | $872M | $814M |
| Change in diluted share count | 2.4% | −0.9% |
| Last close | $39.39 | $157.01 |
| P/E at the last close | 11.5× | 28.7× |
| Insider trades, last 12 months | bought $422,400, sold $3.5 million | sold $3.7 million |
| Piotroski F-score | — | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Gaming and Leisure PropertiesLamar Advertising
Operating margin
Percent of revenue
Gaming and Leisure PropertiesLamar Advertising
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Gaming and Leisure PropertiesLamar Advertising
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Gaming and Leisure Properties and Lamar Advertising pages.