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

193.67 0.32 −0.16%
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) Revenue growth

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American Tower Corporation's revenue growth over the twelve months to 30 September 2026 was 5.31%, up 0.2 percentage points from fiscal 2025 (5.11%). Over the past ten years it has ranged from 1.15% (fiscal 2024) to 21.3% (fiscal 2016); the current reading is higher than 45% of that period. That is in line with the Reit Specialty industry median of 5.31% and above the Real Estate sector median of 4.51%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 5.11% 3.96
FY2024 1.15% (2.65)
FY2023 3.80% 0.72
FY2022 3.08% (13.28)
FY2021 16.4% 10.28
FY2020 6.08% 4.20
FY2019 1.88% (9.77)
FY2018 11.7% (3.53)
FY2017 15.2% (6.08)
FY2016 21.3% 4.88

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 2.50% (2.15)
Jun 2026 4.65% (2.17)
Mar 2026 6.82% (0.63)
Dec 2025 7.45% (0.29)
43 more quarters

Against its own ten years

Low 1.15% High 21.3%
Ten-year median 6.08%
Current reading's percentile 45

Revenue growth against peers

Company Revenue growth
DLR Digital Realty Trust, Inc. compare 20.0%
IRM Iron Mountain Incorporated compare 17.5%
EQIX Equinix, Inc. compare 11.1%
GLPI Gaming and Leisure Properties, Inc. compare 7.33%
AMT American Tower Corporation 5.31%
LAMR Lamar Advertising Company compare 5.12%
SBAC SBA Communications Corporation compare 2.26%
WY Weyerhaeuser Company compare −1.06%
CCI Crown Castle Inc. compare −5.29%
Reit Specialty industry median 5.31%
Real Estate sector median 4.51%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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