American Tower Corporation AMT
- Market cap
- $78.0B
- P/E
- 23.2×
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American Tower Corporation (AMT) Price to free cash flow
As of 25 September 2026, American Tower Corporation (AMT) trades at a price to free cash flow of 19.9×. Over the past ten years it has ranged from 19.1× (July 2026) to 68.7× (December 2022); the current reading is higher than 1% of that period. That is above the Reit Specialty industry median of 14.6× and above the Real Estate sector median of 12.1×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 21.7× | (6.19%) |
| FY2024 | 23.1× | (33.63%) |
| FY2023 | 34.9× | (35.85%) |
| FY2022 | 54.4× | 41.73% |
| FY2021 | 38.4× | 9.76% |
| FY2020 | 34.9× | (5.08%) |
| FY2019 | 36.8× | 50.08% |
| FY2018 | 24.5× | (13.87%) |
| FY2017 | 28.5× | 27.42% |
| FY2016 | 22.3× | (20.86%) |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 19.2× | (9.80%) |
| Mar 2026 | 21.3× | (1.73%) |
| Dec 2025 | 21.7× | (11.02%) |
| Sep 2025 | 24.4× | (11.78%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| IRM Iron Mountain Incorporated compare | n/m |
| EQIX Equinix, Inc. compare | n/m |
| WY Weyerhaeuser Company compare | n/m |
| CCI Crown Castle Inc. compare | 12.2× |
| SBAC SBA Communications Corporation compare | 13.1× |
| DLR Digital Realty Trust, Inc. compare | 17.2× |
| GLPI Gaming and Leisure Properties, Inc. compare | 17.6× |
| LAMR Lamar Advertising Company compare | 19.8× |
| AMT American Tower Corporation | 19.9× |
| Reit Specialty industry median | 14.6× |
| Real Estate sector median | 12.1× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on AMT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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