• Lamar Advertising average ebitda margin for 2023 was 46.09%, a 2.38% decline from 2022.
• Lamar Advertising average ebitda margin for 2022 was 45.02%, a 0.94% increase from 2021.
• Lamar Advertising average ebitda margin for 2021 was 44.6%, a 4.94% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.