American Tower Corporation
AMT Real Estate Reit Specialty
American Tower Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.6 billion, up 5.11% from fiscal 2024. In the quarter to June 2026, revenue grew 4.65%, EPS grew 138.5%, free cash flow grew 19.4% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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American Tower Corporation (AMT) Debt to equity
American Tower Corporation's debt to equity at the end of the quarter to 30 June 2026 was 3.6×, up 0.0× from fiscal 2025 (3.6×). Over the past ten years it has ranged from 2.6× (fiscal 2015) to 6.4× (fiscal 2020); the current reading is higher than 64% of that period. That is above the Reit Specialty industry median of 0.6× and above the Real Estate sector median of 0.8×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 3.6× | (4.99%) |
| FY2024 | 3.8× | 5.94% |
| FY2023 | 3.6× | 14.59% |
| FY2022 | 3.1× | (34.65%) |
| FY2021 | 4.8× | (25.61%) |
| FY2020 | 6.4× | 46.32% |
| FY2019 | 4.4× | 22.16% |
| FY2018 | 3.6× | 21.21% |
| FY2017 | 3.0× | 11.38% |
| FY2016 | 2.7× | 4.18% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 3.6× | (1.33%) |
| Mar 2026 | 3.7× | 2.28% |
| Dec 2025 | 3.6× | 3.91% |
| Sep 2025 | 3.5× | (3.30%) |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| IRM Iron Mountain Incorporated compare | −18.2× |
| CCI Crown Castle Inc. compare | −5.6× |
| SBAC SBA Communications Corporation compare | −2.7× |
| WY Weyerhaeuser Company compare | 0.6× |
| DLR Digital Realty Trust, Inc. compare | 0.7× |
| EQIX Equinix, Inc. compare | 1.4× |
| GLPI Gaming and Leisure Properties, Inc. compare | 1.5× |
| LAMR Lamar Advertising Company compare | 3.5× |
| AMT American Tower Corporation | 3.6× |
| Reit Specialty industry median | 0.6× |
| Real Estate sector median | 0.8× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on AMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement