• Lamar Advertising average ebit margin for 2023 was 29.21%, a 1.32% decline from 2022.
• Lamar Advertising average ebit margin for 2022 was 29.6%, a 3.1% decline from 2021.
• Lamar Advertising average ebit margin for 2021 was 28.71%, a 6.69% increase from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues