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Saturday 17 October 2026 Export AMT’s income statement to Excel — free account

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.

185.44 4.08 +2.25%
Market cap
$84.5B
P/E
25.5×
Fwd P/E
29.7×
Dividend yield
3.81%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

American Tower Corporation (AMT) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, American Tower Corporation (AMT) trades at a EV/EBITDA of 17.3×. Over the past ten years it has ranged from 15.7× (October 2026) to 32.8× (September 2021); the current reading is higher than 6% of that period. That is in line with the Reit Specialty industry median of 17.3× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.0× (5.38%)
FY2024 17.9× (19.17%)
FY2023 22.2× 0.46%
FY2022 22.1× (29.73%)
FY2021 31.4× 18.83%
FY2020 26.4× (4.29%)
FY2019 27.6× 24.80%
FY2018 22.1× 3.76%
FY2017 21.3× 15.54%
FY2016 18.5× (6.32%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 15.9× (4.93%)
Mar 2026 16.7× (1.62%)
Dec 2025 17.0× (7.23%)
Sep 2025 18.3× (11.14%)
42 more quarters

Against its own ten years

Low 15.7× High 32.8×
Ten-year median 21.3×
Current reading's percentile 6

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.5×
WY Weyerhaeuser Company compare 14.1×
LAMR Lamar Advertising Company compare 17.3×
AMT American Tower Corporation 17.3×
SBAC SBA Communications Corporation compare 18.8×
CCI Crown Castle Inc. compare 19.5×
IRM Iron Mountain Incorporated compare 19.9×
EQIX Equinix, Inc. compare 26.7×
DLR Digital Realty Trust, Inc. compare 38.3×
Reit Specialty industry median 17.3×
Real Estate sector median 15.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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