• Lamar Advertising average return on tangible equity for 2024 was -23.54, a 7.98% decline from 2023.
• Lamar Advertising average return on tangible equity for 2023 was -21.8, a 15.24% increase from 2022.
• Lamar Advertising average return on tangible equity for 2022 was -25.72, a 25.71% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.