American Tower Corporation AMT

169.03 1.77 1.06% as of 25 Sep
Market cap
$78.0B
P/E
23.2×
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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

Annual

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

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

Against its own ten years

Low 69.1% High 74.6%
Ten-year median 72.3%
Current reading's percentile 82

Gross margin against peers

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

The full definition of Gross margin →

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