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
+4.65%
EPS
+138.5%
Free cash flow
+19.4%
Total debt
−0.79%

Quarter to June 2026, against a year earlier

187.78 1.90 +1.02%
Market cap
$86.2B
P/E
25.9×
Fwd P/E
27.0×
Dividend yield
3.76%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

American Tower Corporation (AMT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2018: revenue by segment, and margins
U.S. & Canada 3,822 51.37%
Asia Pacific Property 1,541 20.71%
Latin America 1,265 17.00%
Africa & APAC 546 7.33%
Europe Property 142 1.91%
Network Development Services 125 1.69%
Gross margin 70.73%
Operating margin 25.60%
Pre-tax margin 15.52%

Revenue by product or service $m

Line FY2018 FY2017
Property 7,315 6,566
Services revenue 125 98
Revenue 7,440 6,664

Gross profit by product or service $m, and margin

Revenue by segment $m

Line FY2018
U.S. & Canada 3,822
Asia Pacific Property 1,541
Latin America 1,265
Africa & APAC 546
Europe Property 142
Network Development Services 125
Total  Property 7,315
Revenue 7,440

Operating figures as reported in each quarter’s results release or filing

Figure Quarter Latest A year before Change
AFFO a share Q3 FY2026 $2.87 $2.78 +3.24%
Communications sites Q3 FY2026 147.0K 149.0K −1.34%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.