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.

Revenue
+2.50%
EPS
−7.80%
Free cash flow
+0.09%
Total debt
+0.91%

Quarter to September 2026, against a year earlier

192.65 1.34 −0.69%
Market cap
$90.0B
P/E
27.1×
Fwd P/E
27.0×
Dividend yield
3.65%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

American Tower Corporation (AMT) Net margin

Alert me on Net margin

American Tower Corporation's net margin over the twelve months to 30 September 2026 was 30.1%, up 6.3 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 16.5% and above the Real Estate sector median of 4.66%.

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)
Sep 2026 27.5% (4.07)
Jun 2026 31.6% 0.16
Mar 2026 31.4% 1.42
Dec 2025 30.0% (1.42)
43 more quarters

Against its own ten years

Low 12.5% High 27.4%
Ten-year median 18.3%
Current reading's percentile 98

Net margin against peers

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

The full definition of Net margin →

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