American Tower Corp
AMT
166.18
+1.40
+0.85%
American Tower Corp
US · AMT
#273 by market cap
Listed 1970
166.18
+1.40
+0.85%
Live - 5344 symbols - heartbeat 49s ago
· 2026-10-08 05:22
Pre-market
166.16
-0.01%
After-hours
166.18
0.00%
Overnight
166.18
0.00%
Reader sentiment
Are you bullish or bearish on AMT?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year +5.11% YoY
Margins
- Gross margin
- 74.18%
- Operating margin
- 46.31%
- Net margin
- 23.76%
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.44B | 7.58B | 8.04B | 9.36B | 9.65B | 10.01B | 10.13B | 10.64B |
| Gross profit | 5.27B | 5.37B | 5.81B | 6.67B | 7.08B | 7.45B | 7.55B | 7.90B |
| Selling & admin expenses | 736.50M | 733.20M | 778.70M | 811.60M | 902.10M | 946.00M | 933.40M | 940.70M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.38B | 2.83B | 3.13B | 3.33B | 2.92B | 3.54B | 4.60B | 4.93B |
| Pretax profit | 1.15B | 1.92B | 1.82B | 2.83B | 2.09B | 1.53B | 3.62B | 3.04B |
| Tax | -110.10M | -200.00K | 129.60M | 261.80M | 112.80M | 90.80M | 366.30M | 415.70M |
| Net profit | 1.26B | 1.92B | 1.69B | 2.57B | 1.70B | 1.37B | 2.28B | 2.63B |
| Basic EPS | 3 | 4 | 4 | 6 | 4 | 3 | 5 | 5 |
| Diluted EPS | 2.77 | 4.24 | 3.79 | 5.66 | 3.82 | 3.18 | 4.82 | 5.40 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.56B | 2.63B | 2.72B | 2.74B | 2.74B | 2.75B |
| Gross profit | 1.93B | 1.94B | 2.01B | 2.02B | 2.03B | 2.01B |
| Selling & admin expenses | 237.50M | 233.70M | 233.00M | 236.50M | 257.40M | 233.80M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.25B | 1.20B | 1.23B | 1.24B | 1.24B | 1.27B |
| Pretax profit | 617.50M | 511.80M | 950.00M | 964.90M | 1.02B | 1.01B |
| Tax | 118.90M | 131.30M | 37.40M | 128.10M | 139.60M | 121.80M |
| Net profit | 498.60M | 380.50M | 912.60M | 836.80M | 878.50M | 887.50M |
| Basic EPS | 1 | 1 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.04 | 0.78 | 1.82 | 1.75 | 1.84 | 1.86 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.39B | 2.55B | 2.91B | 3.73B | 3.62B | 3.71B | 3.18B | 2.74B |
| Cash & ST investments | 1.21B | 1.50B | 1.75B | 1.95B | 2.03B | 1.75B | 2.00B | 1.47B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 33.01B | 42.80B | 47.23B | 69.89B | 67.19B | 66.03B | 61.08B | 63.19B |
| Total current liabilities | 4.69B | 5.49B | 3.66B | 9.07B | 8.31B | 7.25B | 7.08B | 6.91B |
| Short-term debt | 2.75B | 3.42B | 1.33B | 5.28B | 5.30B | 3.76B | 4.27B | 3.97B |
| Long-term debt | 18.41B | 21.13B | 28.50B | 38.69B | 34.16B | 35.73B | 32.81B | 33.83B |
| Total liabilities | 26,106,000,000.00 | 36,214,700,000.00 | 42,453,000,000.00 | 60,818,300,000.00 | 54,786,000,000.00 | 55,162,200,000.00 | 51,428,700,000.00 | 52,835,100,000.00 |
| Total equity | 6.90B | 6.59B | 4.78B | 9.07B | 12.41B | 10.87B | 9.65B | 10.36B |
| Retained earnings | -1.20B | -1.02B | -1.34B | -1.14B | -2.10B | -3.64B | -4.42B | -5.09B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 3.51B | 3.60B | 3.54B | 2.74B | 2.96B | 3.12B |
| Cash & ST investments | 2.10B | 2.08B | 1.95B | 1.47B | 1.61B | 1.76B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 62.06B | 63.75B | 63.89B | 63.19B | 63.23B | 63.30B |
| Total current liabilities | 6.32B | 5.86B | 5.99B | 6.91B | 9.72B | 8.87B |
| Short-term debt | 3.41B | 2.90B | 3.00B | 3.97B | 6.76B | 5.87B |
| Long-term debt | 34.05B | 35.19B | 34.85B | 33.83B | 31.20B | 31.96B |
| Total liabilities | 52,119,300,000.00 | 53,275,600,000.00 | 53,122,800,000.00 | 52,835,100,000.00 | 53,082,500,000.00 | 53,047,600,000.00 |
| Total equity | 9.94B | 10.48B | 10.77B | 10.36B | 10.15B | 10.25B |
| Retained earnings | -4.73B | -5.16B | -5.11B | -5.09B | -5.06B | -5.03B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.75B | 3.75B | 3.88B | 4.82B | 3.70B | 4.72B | 5.29B | 5.46B |
| Depreciation & amortization | 2.11B | 1.78B | 1.88B | 2.33B | 3.36B | 3.09B | 2.12B | 2.04B |
| Free cash flow | 2.84B | 2.76B | 2.85B | 3.44B | 1.82B | 2.92B | 3.70B | 3.78B |
| Dividends paid | -1.34B | -1.60B | -1.93B | -2.27B | -2.63B | -2.95B | -3.07B | -3.16B |
| Stock buybacks / issuance | -232.80M | -19.60M | -56.00M | 2.36B | 2.27B | 0 | 0 | -364.60M |
| Ending cash balance | 1.30B | 1.58B | 1.86B | 2.34B | 2.14B | 2.09B | 2.11B | 1.61B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.30B | 1.28B | 1.46B | 1.43B | 1.40B | 1.49B |
| Depreciation & amortization | 492.50M | 510.30M | 522.90M | 515.90M | 518.20M | 514.40M |
| Free cash flow | 963.90M | 976.90M | 994.50M | 848.30M | 951.10M | 1.17B |
| Dividends paid | -768.50M | -796.20M | -796.30M | -796.20M | -806.60M | -834.70M |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -176.20M | -26.70M |
| Ending cash balance | 2.24B | 2.21B | 2.10B | 1.61B | 1.74B | 1.89B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 21.20 | 36.33 | 36.96 | 55.97 | 33.15 | 30.36 | 59.50 | 71.91 |
| ROA %i | 3.71 | 4.98 | 3.76 | 4.38 | 2.58 | 2.23 | 3.55 | 4.07 |
| ROIC %i | 6.76 | 8.48 | 6.22 | 6.78 | 5.13 | 5.02 | 6.89 | 7.48 |
| 5-year avg ROE %i | 16.84 | 19.82 | 24.97 | 33.63 | 36.72 | 38.56 | 43.19 | 50.18 |
| EBIT margin %i | 26.63 | 36.02 | 32.51 | 39.55 | 26.68 | 26.20 | 49.66 | 41.37 |
| FCF / sales %i | 38.11 | 36.43 | 35.44 | 36.80 | 17.02 | 26.24 | 36.54 | 35.54 |
| Current ratioi | 0.51 | 0.47 | 0.79 | 0.41 | 0.44 | 0.51 | 0.45 | 0.40 |
| Quick ratioi | 0.40 | 0.40 | 0.68 | 0.33 | 0.38 | 0.35 | 0.39 | 0.34 |
| Debt / assetsi | 64.10 | 72.57 | 77.72 | 74.42 | 70.02 | 70.13 | 71.96 | 71.16 |
| LT debt / equityi | 344.92 | 546.69 | 864.35 | 919.61 | 749.19 | 1,013.51 | 1,173.33 | 1,122.28 |
| Interest coveragei | 2.40 | 3.35 | 3.30 | 4.25 | 2.51 | 2.09 | 3.58 | 3.24 |
| Revenue CAGR (3Y) %i | 15.96 | 9.42 | 6.46 | 7.94 | 8.36 | 7.58 | 2.67 | 3.34 |
| Net income CAGR (3Y) %i | 21.75 | 25.44 | 10.92 | 27.58 | -2.20 | -4.27 | -4.24 | 12.73 |
| FCF CAGR (3Y) %i | 25.39 | 11.00 | 10.33 | 6.69 | -12.93 | 0.87 | 2.43 | 27.57 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 48.17 | 34.16 | 77.38 | 71.91 | 82.19 | 91.52 |
| ROA %i | 2.84 | 2.00 | 4.64 | 4.07 | 4.63 | 5.35 |
| ROIC %i | 5.84 | 4.65 | 8.25 | 7.48 | 8.25 | 9.23 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 46.05 | 42.22 | 45.16 | 41.37 | 44.61 | 48.76 |
| FCF / sales %i | 37.12 | 36.46 | 35.30 | 35.54 | 34.85 | 36.19 |
| Current ratioi | 0.55 | 0.61 | 0.59 | 0.40 | 0.30 | 0.35 |
| Quick ratioi | 0.49 | 0.53 | 0.49 | 0.34 | 0.26 | 0.30 |
| Debt / assetsi | 71.52 | 70.92 | 70.45 | 71.16 | 71.37 | 71.06 |
| LT debt / equityi | 1,159.17 | 1,139.54 | 1,062.77 | 1,122.28 | 1,089.26 | 1,051.41 |
| Interest coveragei | 3.43 | 3.22 | 3.53 | 3.24 | 3.49 | 3.83 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Property is the largest reported line at 97.77% of revenue, across 2 reported segments.
- The next-largest line, Services, is a distant second at 2.23% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Property97.77%
Services2.23%
Quote time 2026-10-08 05:22:58 · For reference only, not investment advice and not tailored to your situation.