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) Net margin
American Tower Corporation's net margin over the twelve months to 30 June 2026 was 31.1%, up 7.3 percentage points from fiscal 2025 (23.8%). Over the past ten years it has ranged from 12.5% (fiscal 2015) to 27.4% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Reit Specialty industry median of 16.1% and above the Real Estate sector median of 7.83%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 23.8% | 1.49 |
| FY2024 | 22.3% | 7.46 |
| FY2023 | 14.8% | (3.50) |
| FY2022 | 18.3% | (9.13) |
| FY2021 | 27.4% | 6.42 |
| FY2020 | 21.0% | (3.88) |
| FY2019 | 24.9% | 8.41 |
| FY2018 | 16.5% | (0.79) |
| FY2017 | 17.3% | 2.60 |
| FY2016 | 14.7% | 2.21 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 31.6% | 0.16 |
| Mar 2026 | 31.4% | 1.42 |
| Dec 2025 | 30.0% | (1.42) |
| Sep 2025 | 31.4% | 17.44 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 58.5% |
| SBAC SBA Communications Corporation compare | 34.5% |
| AMT American Tower Corporation | 31.1% |
| LAMR Lamar Advertising Company compare | 23.9% |
| CCI Crown Castle Inc. compare | 20.7% |
| EQIX Equinix, Inc. compare | 15.6% |
| DLR Digital Realty Trust, Inc. compare | 11.2% |
| WY Weyerhaeuser Company compare | 6.89% |
| IRM Iron Mountain Incorporated compare | 5.54% |
| Reit Specialty industry median | 16.1% |
| Real Estate sector median | 7.83% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on AMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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