Monday 12 October 2026 Export all AMT data to Excel Powerpack

American Tower Corporation

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.

182.17 0.07 −0.04%

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Market cap: $84.9B
P/E: 25.0×
Fwd P/E: 29.7×
Dividend yield: 3.88%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1.00

Total sells 23.12

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	1	—	—
Sell	—	—	—	2	3	1	—	—	2	—	—	—

Insider Ownership 0.18%

Capital & Financial Ratios $m

Market Cap 84,920.00

Revenue 10,941.50

Net Income 3,515.40

Free Cash Flow 3,959.80

Net Debt 35,297.00

Current Ratio 0.52

Debt/Equity 3.63

P/E ratio 25.03

Fwd P/E 29.70

P/S ratio 7.76

P/B ratio 8.28

Past 5Y EPS Growth 7.34%

This Y EPS Growth 29.08%

Next Y EPS Growth 1.11%

Next Y revenue growth 3.41%

Next 5Y EPS Growth 13.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.66%

10-year low 10-year high

P/S against its own 10 years 6.39%

10-year low 10-year high

P/B against its own 10 years 33.75%

10-year low 10-year high

EV/Sales against its own 10 years 5.47%

10-year low 10-year high

EV/FCF against its own 10 years 2.84%

10-year low 10-year high

Dividends

Payout Ratio 0.97

Annual Dividend Rate 7.07

Annual Dividend Yield 3.88%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	7.16	1.79 1.79 1.79
2025	6.80	1.70 1.70 1.70 1.70
2024	6.48	1.62 1.62 1.62 1.62
2023	6.45	1.56 1.57 1.62 1.70
2022	5.86	1.40 1.43 1.47 1.56
2021	5.21	1.24 1.27 1.31 1.39
2020	4.53	1.08 1.10 1.14 1.21
2019	3.78	0.90 0.92 0.95 1.01
2018	3.15	0.75 0.77 0.79 0.84
2017	2.62	0.62 0.64 0.66 0.70
2016	2.17	0.51 0.53 0.55 0.58

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,873	2,108	1,605	1,893
Receivables	548	540	650	651
Inventory	—	—	—	—
Other	—	—	—	—
	3,176	3,325	3,132	3,572

	2023	2024	2025	Q'26
Payables	251	241	260	203
ST’ Debt	3,067	3,693	3,388	5,227
Other	—	—	—	—
	4,756	5,389	5,185	6,877

Compound Annual Growth %

	10y	5y	3y
Sales	8.35%	5.77%	3.34%
Cash Flow	9.69%	7.08%	13.92%
Earnings	15.57%	8.39%	12.73%
Book Value	4.43%	17.78%	(5.85%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,738	2,749	—	—	—
’25	2,563	2,627	2,717	2,738	10,645
’24	2,513	2,545	2,522	2,548	10,127
’23	2,767	2,772	2,521	1,952	10,012
’22	2,660	2,674	2,672	1,639	9,645
’21	2,159	2,299	2,454	2,445	9,357
’20	1,993	1,913	2,013	2,123	8,042

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,401	1,487	—	—	—
’25	1,295	1,282	1,460	1,428	5,464
’24	1,284	1,339	1,469	1,199	5,291
’23	1,071	1,209	1,301	1,142	4,722
’22	664	915	932	1,185	3,696
’21	1,093	952	2,096	679	4,820
’20	800	989	960	1,132	3,881

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	951	1,166	—	—	—
’25	964	977	995	848	3,784
’24	887	1,013	1,045	756	3,701
’23	609	789	910	617	2,924
’22	278	545	473	527	1,823
’21	768	674	1,782	219	3,443
’20	586	778	716	769	2,850

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.84	1.86	—	—	—
’25	1.04	0.78	1.82	1.75	5.40
’24	1.96	1.92	(1.69)	2.62	4.82
’23	0.72	1.02	1.26	0.18	3.18
’22	1.56	1.95	1.80	(1.47)	3.82
’21	1.45	1.65	1.58	0.99	5.66
’20	0.93	1.00	1.04	0.82	3.79

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	83.07	102.51	130.37	153.93	174.32	197.50	178.17	154.58	170.46	170.77	Analyst estimates 2026–2028 Powerpack
	High	118.26	155.28	168.58	242.00	272.20	303.72	292.55	235.57	243.56	234.33
People
People	Employees	4,507	4,752	5,026	5,454	5,618	6,378	6,391	5,643	4,691	2,388
	Revenue/emp, $m	1.28	1.40	1.48	1.39	1.43	1.47	1.51	1.77	2.16	4.46
Income, $m
Income, $m	Revenue	5,786	6,664	7,440	7,580	8,042	9,357	9,645	10,012	10,127	10,645
	Gross margin, %	69.05	69.14	70.73	70.76	72.30	71.34	73.36	74.42	74.58	74.18
	EBT	1,126	1,256	1,155	1,916	1,821	2,829	2,086	1,529	3,625	3,044
	EBT margin, %	19.46	18.85	15.52	25.28	22.65	30.24	21.63	15.27	35.79	28.60
	Net income	970	1,225	1,265	1,917	1,692	2,568	1,697	1,367	2,280	2,629
	Depreciation	1,543	1,736	2,133	1,804	1,915	2,373	3,403	3,136	2,179	2,096
Per share, $
Per share, $	Revenue	13.61	15.56	16.92	17.14	18.13	20.72	20.90	21.48	21.69	22.75
	Earnings	2.00	2.69	2.79	4.27	3.81	5.69	3.83	3.18	4.83	5.41
	Cash flow	6.35	6.83	8.53	8.48	8.75	10.68	8.01	10.13	11.33	11.68
	Capex	(1.61)	(1.88)	(2.08)	(2.24)	(2.33)	(3.05)	(4.06)	(3.86)	(3.40)	(3.59)
	Free cash flow	4.75	4.96	6.45	6.24	6.42	7.63	3.95	6.27	7.92	8.09
	Book value	16.41	15.95	13.42	12.41	10.30	20.09	26.89	23.31	20.66	22.13
	Shares, m	425	428	440	442	444	451	462	466	467	468
Valuation, ×
Valuation, ×	P/E	52.81	52.27	56.90	53.82	58.76	51.32	55.76	68.81	37.97	32.45
	P/S	7.80	9.07	9.35	13.41	12.38	14.11	10.27	10.19	8.46	7.72
	P/B	6.47	8.85	11.79	18.51	21.80	14.56	7.98	9.39	8.88	7.93
	EV/Sales	10.84	11.96	12.02	16.38	15.79	18.49	14.06	13.87	11.85	11.06
	EV/FCF	31.06	37.55	31.53	44.95	44.57	50.24	74.40	47.50	32.44	31.13
Cash, $m
Cash, $m	Operating cash flow	2,702	2,926	3,748	3,753	3,881	4,820	3,696	4,722	5,291	5,464
	Capex	(682)	(804)	(913)	(991)	(1,032)	(1,377)	(1,874)	(1,798)	(1,590)	(1,680)
	Free cash flow	2,019	2,122	2,835	2,761	2,850	3,443	1,823	2,924	3,701	3,784
Balance, $m
Balance, $m	Working capital	955	481	(1,282)	(1,797)	593	(3,035)	(2,892)	(1,579)	(2,064)	(2,053)
	Total debt	18,534	20,205	21,160	24,055	29,288	43,254	38,670	38,801	36,502	37,220
	Net debt	17,593	19,249	19,855	22,477	27,426	40,911	36,530	36,928	34,394	35,615
	Shareholders’ equity	6,976	6,828	5,900	5,490	4,568	9,070	12,409	10,865	9,649	10,355
Returns, %
Returns, %	ROA	2.94	3.59	3.71	4.98	3.76	4.38	2.58	2.23	3.55	4.07
	ROIC	4.71	4.79	4.62	6.01	5.64	3.92	3.50	4.09	6.41	6.59
	ROE	12.41	16.68	19.28	33.15	33.61	37.66	16.44	12.75	21.98	25.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EQIX Equinix, Inc.	$99.8B	65.8×	62.5×	+16.36% (above 0%: growing)	+29.26% (above 0%: growing)	−311.02% (below 0%: shrinking)	53.14%	25.33%	Compare
AMT American Tower Corporation	$77.7B	25.0×	29.7×	+4.65% (above 0%: growing)	+138.46% (above 0%: growing)	+19.35% (above 0%: growing)	73.03%	46.15%
DLR Digital Realty Trust, Inc.	$65.3B	82.2×	89.2×	+28.86% (above 0%: growing)	−58.75% (below 0%: shrinking)	−25.86% (below 0%: shrinking)	61.14%	24.28%	Compare
IRM Iron Mountain Incorporated	$33.6B	81.8×	64.9×	+18.52% (above 0%: growing)	n/m	+58.56% (above 0%: growing)	52.76%	18.41%	Compare
CCI Crown Castle Inc.	$29.3B	40.2×	46.8×	−4.91% (below 0%: shrinking)	−67.16% (below 0%: shrinking)	−40.40% (below 0%: shrinking)	73.41%	46.63%	Compare
SBAC SBA Communications Corporation	$18.0B	19.6×	27.6×	+2.33% (above 0%: growing)	−10.95% (below 0%: shrinking)	+11.32% (above 0%: growing)	75.39%	49.19%	Compare
LAMR Lamar Advertising Company	$14.8B	26.7×	25.6×	+6.46% (above 0%: growing)	+3.95% (above 0%: growing)	+8.91% (above 0%: growing)	68.51%	33.72%	Compare
WY Weyerhaeuser Company	$13.8B	28.9×	56.6×	−0.90% (below 0%: shrinking)	+91.67% (above 0%: growing)	+29.41% (above 0%: growing)	16.66%	11.94%	Compare
GLPI Gaming and Leisure Properties, Inc.	$11.1B	11.2×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%	Compare
Median of peers	$23.7B	34.5×	51.7×	+7.75%	+3.95%	−8.47%	64.83%	29.53%

All 18 Reit Specialty stocks →

American Tower Corporation (AMT) key facts

Strength: American Tower Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.6 billion, up 5.11% from fiscal 2024.
American Tower Corporation (AMT) is a Reit Specialty company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 12, 2026, AMT traded at $182.70, a market capitalization of $84.9 billion.
American Tower Corporation pays an annual dividend of $7.07 per share, a yield of 3.88%, with a payout ratio of 97.3%.
Return on equity was 25.3% and debt-to-equity 3.63.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.