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.
Follow AMT
American Tower Corporation (AMT) Gross margin
American Tower Corporation's gross margin over the twelve months to 30 June 2026 was 73.8%, down 0.4 percentage points from fiscal 2025 (74.2%). Over the past ten years it has ranged from 69.1% (fiscal 2016) to 74.6% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Reit Specialty industry median of 67.4% and above the Real Estate sector median of 66.1%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 74.2% | (0.40) |
| FY2024 | 74.6% | 0.16 |
| FY2023 | 74.4% | 1.06 |
| FY2022 | 73.4% | 2.02 |
| FY2021 | 71.3% | (0.96) |
| FY2020 | 72.3% | 1.54 |
| FY2019 | 70.8% | 0.03 |
| FY2018 | 70.7% | 1.59 |
| FY2017 | 69.1% | 0.09 |
| FY2016 | 69.1% | (3.52) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 73.0% | (1.28) |
| Mar 2026 | 74.3% | 0.40 |
| Dec 2025 | 73.9% | 0.07 |
| Sep 2025 | 73.8% | 0.06 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 100.0% |
| SBAC SBA Communications Corporation compare | 75.2% |
| AMT American Tower Corporation | 73.8% |
| CCI Crown Castle Inc. compare | 73.7% |
| LAMR Lamar Advertising Company compare | 67.4% |
| DLR Digital Realty Trust, Inc. compare | 57.1% |
| IRM Iron Mountain Incorporated compare | 54.2% |
| EQIX Equinix, Inc. compare | 51.5% |
| WY Weyerhaeuser Company compare | 14.5% |
| Reit Specialty industry median | 67.4% |
| Real Estate sector median | 66.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement