Sunday 1 November 2026 Export AMT’s income statement to Excel — free account

American Tower Corporation

American Tower Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.6 billion, up 5.11% from fiscal 2024.

Revenue: +4.65%
EPS: +138.5%
Free cash flow: +19.4%
Total debt: −0.79%

Quarter to June 2026, against a year earlier

187.78 1.90 +1.02%

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Market cap: $86.2B
P/E: 25.9×
Fwd P/E: 27.0×
Dividend yield: 3.76%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Segments Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	52.81	52.27	56.90	53.82	58.76	51.32	55.76	68.81	37.97	32.45
Piotroski F-Score Full definition →	7	7	7	5	5	4	6	6	7	5
P/S ratio Full definition →	7.80	9.07	9.35	13.41	12.38	14.11	10.27	10.19	8.46	7.72
P/FCF ratio Full definition →	22.35	28.48	24.53	36.81	34.94	38.35	54.36	34.87	23.15	21.71
P/Operating CF Full definition →	62.40	76.59	55.05	102.30	87.94	194.53	83.61	89.31	71.44	57.55
P/B ratio Full definition →	6.47	8.85	11.79	18.51	21.80	14.56	7.98	9.39	8.88	7.93
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	10.84	11.96	12.02	16.38	15.79	18.49	14.06	13.87	11.85	11.06
EV/EBITDA Full definition →	18.47	21.34	22.14	27.63	26.44	31.42	22.08	22.18	17.93	16.97
EV/Operating CF Full definition →	23.22	27.23	23.85	33.08	32.72	35.89	36.69	29.41	22.69	21.55
EV/FCF Full definition →	31.06	37.55	31.53	44.95	44.57	50.24	74.40	47.50	32.44	31.13
Quick Ratio Full definition →	1.10	0.76	0.44	0.48	1.09	0.47	0.46	0.51	0.49	0.44
Current Ratio Full definition →	1.84	1.25	0.68	0.58	1.27	0.53	0.54	0.67	0.62	0.60
Net Debt/EBITDA Full definition →	5.18	5.15	4.92	5.00	5.71	7.43	5.95	5.90	5.14	5.13
Debt/Assets Full definition →	60.02%	60.83%	64.10%	56.20%	62.01%	61.89%	57.55%	58.77%	59.76%	58.90%
Debt/Equity Full definition →	2.66	2.96	3.59	4.38	6.41	4.77	3.12	3.57	3.78	3.59
Asset Turnover Full definition →	0.20	0.21	0.22	0.20	0.18	0.16	0.14	0.15	0.16	0.17
Operating CF/Net income Full definition →	3.18	2.54	3.05	1.99	2.30	1.88	2.09	3.18	2.35	2.16
Capex/Depreciation Full definition →	(0.44)	(0.46)	(0.43)	(0.55)	(0.54)	(0.58)	(0.55)	(0.57)	(0.73)	(0.80)
Interest Coverage Full definition →	2.58	2.67	2.31	3.30	3.64	3.60	2.41	2.25	3.22	3.56
ROE Full definition →	12.41%	16.68%	19.28%	33.15%	33.61%	37.66%	16.44%	12.75%	21.98%	25.29%
ROA Full definition →	2.94%	3.59%	3.71%	4.98%	3.76%	4.38%	2.58%	2.23%	3.55%	4.07%
ROIC Full definition →	4.71%	4.79%	4.62%	6.01%	5.64%	3.92%	3.50%	4.09%	6.41%	6.59%
Return on Tangible Assets Full definition →	7.40%	9.94%	12.31%	18.35%	12.62%	15.33%	10.32%	8.58%	13.27%	13.82%
Average Days of Receivables Full definition →	19.46	28.13	22.52	22.26	23.22	28.43	28.70	19.96	19.46	22.30
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	9.39%	9.56%	9.85%	9.64%	9.68%	8.67%	9.35%	9.45%	9.22%	8.84%
Intangible Assets out of Total Assets Full definition →	0.53	0.52	0.51	0.43	0.45	0.49	0.46	0.42	0.43	0.42
Share Based Compensation of Revenue Full definition →	1.55%	1.63%	1.85%	1.47%	1.50%	1.28%	1.76%	1.95%	2.01%	1.64%
Graham Net Nets Full definition →	(0.48)	(0.40)	(0.35)	(0.34)	(0.40)	(0.43)	(0.52)	(0.51)	(0.56)	(0.60)
Graham Number Full definition →	27.24	31.13	28.97	34.53	29.75	50.76	48.26	40.84	47.38	51.90
Earnings Yield Full definition →	1.89%	1.91%	1.76%	1.86%	1.70%	1.95%	1.79%	1.45%	2.63%	3.08%
Free Cash Flow Yield Full definition →	4.47%	3.51%	4.08%	2.72%	2.86%	2.61%	1.84%	2.87%	4.32%	4.61%
Revenue per Share Full definition →	13.61	15.56	16.92	17.14	18.13	20.72	20.90	21.48	21.69	22.75
Operating CF per Share Full definition →	6.35	6.83	8.53	8.48	8.75	10.68	8.01	10.13	11.33	11.68
Capex per Share Full definition →	(1.61)	(1.88)	(2.08)	(2.24)	(2.33)	(3.05)	(4.06)	(3.86)	(3.40)	(3.59)
Free Cash Flow per Share Full definition →	4.75	4.96	6.45	6.24	6.42	7.63	3.95	6.27	7.92	8.09
Cash per Share Full definition →	2.21	2.23	2.97	3.57	4.20	5.19	4.64	4.02	4.51	3.43
Shareholders Equity per Share Full definition →	16.41	15.95	13.42	12.41	10.30	20.09	26.89	23.31	20.66	22.13
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	16.41	15.95	13.42	12.41	10.30	20.09	26.89	23.31	20.66	22.13
Free Cash Flow Full definition →	2,019.20	2,122.00	2,835.10	2,761.30	2,849.70	3,443.20	1,822.60	2,924.30	3,700.50	3,783.60
Working Capital Full definition →	955.10	480.70	(1,281.90)	(1,797.30)	592.70	(3,035.50)	(2,892.30)	(1,579.40)	(2,064.30)	(2,052.90)
Capital Expenditures Full definition →	(682.50)	(803.60)	(913.20)	(991.30)	(1,031.70)	(1,376.70)	(1,873.60)	(1,798.10)	(1,590.00)	(1,680.40)
Net Current Asset Value Full definition →	(21,812.60)	(23,966.60)	(24,384.30)	(34,864.60)	(39,892.00)	(57,345.20)	(51,340.30)	(51,986.00)	(48,103.60)	(49,702.70)
EV/EBIT Full definition →	33.85	39.87	46.93	46.17	43.98	55.23	49.52	44.44	26.58	24.30
Capex to Sales Full definition →	0.12	0.12	0.12	0.13	0.13	0.15	0.19	0.18	0.16	0.16
Price to Operating Income Full definition →	24.35	30.24	36.50	37.81	34.49	42.17	36.18	32.63	18.96	16.95
Other line items
Depreciation/Fixed assets Full definition →	0.15	0.16	0.19	0.15	0.15	0.12	0.17	0.17	0.11	0.10
Cash ROIC Full definition →	7.63%	7.58%	10.00%	8.87%	7.98%	6.30%	3.42%	5.67%	7.67%	7.69%
Accounts Receivable Turnover Full definition →	21.60	16.21	15.30	16.46	16.52	15.09	12.97	15.34	18.62	17.89
Accounts Payable Turnover Full definition →	16.62	15.72	15.91	15.90	15.51	13.04	10.47	10.90	10.46	10.98
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	24.20	25.36	21.92	24.38	22.80	37.07	31.06	35.81	34.14	34.51
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	267.88	411.00	486.30	460.60	486.90	620.25	743.60	652.90	543.75	595.15
Average Payables Full definition →	107.71	130.80	136.85	139.45	143.60	205.75	245.50	234.95	246.05	250.30
Average Assets Full definition →	28,891.74	32,046.75	33,112.35	37,906.00	45,017.55	58,560.70	68,541.20	66,611.05	63,552.50	62,133.90
Average Common Equity Full definition →	6,844.46	6,902.10	6,363.85	5,695.00	5,029.40	6,819.00	10,739.05	11,636.95	10,257.05	10,002.00

Show all line items

Columns are period end dates

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