American Tower Corporation AMT
- Market cap
- $78.0B
- P/E
- 23.2×
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American Tower Corporation (AMT) Free cash flow
American Tower Corporation's free cash flow for fiscal 2025 was $3.8B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $4.0B. Over the past ten years it has ranged from $1.4B (fiscal 2015) to $3.8B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. American Tower Corporation ranks 1st of 18 Reit Specialty companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.8B | 2.25% |
| FY2024 | $3.7B | 26.54% |
| FY2023 | $2.9B | 60.45% |
| FY2022 | $1.8B | (47.07%) |
| FY2021 | $3.4B | 20.83% |
| FY2020 | $2.8B | 3.20% |
| FY2019 | $2.8B | (2.60%) |
| FY2018 | $2.8B | 33.61% |
| FY2017 | $2.1B | 5.09% |
| FY2016 | $2.0B | 40.41% |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.2B | 22.58% |
| Mar 2026 | $951.1M | 12.12% |
| Dec 2025 | $848.3M | (14.70%) |
| Sep 2025 | $994.5M | 1.80% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| AMT American Tower Corporation | $4.0B |
| DLR Digital Realty Trust, Inc. compare | $3.7B |
| CCI Crown Castle Inc. compare | $2.4B |
| SBAC SBA Communications Corporation compare | $1.3B |
| LAMR Lamar Advertising Company compare | $739.1M |
| GLPI Gaming and Leisure Properties, Inc. compare | $627.7M |
| WY Weyerhaeuser Company compare | −$141.0M |
| IRM Iron Mountain Incorporated compare | −$594.9M |
| EQIX Equinix, Inc. compare | −$2.2B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on AMT
- Revenue
- Net income
- EBITDA
- 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
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement