American Tower Corp (AMT)

American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

Symbol: AMT
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $75.57B
52 week range: 160.06 - 196.08

Valuation

Share price: $161.06 (close of 2026-10-01)
P/E (TTM): 22.28x
Price to book: 7.37x
Price to free cash flow: 19.08x
Enterprise value: $118.79B
Book value per share: $22.00

Price performance

Period	Change
1 day	-1.61%
5 days	-3.71%
1 month	-8.50%
3 months	-3.02%
6 months	-5.82%
Year to date	-8.26%
1 year	-16.69%
3 years	-2.06%
5 years	-39.59%
10 years	+42.12%
All time	+826.70%

Members of Congress who disclosed AMT trades

Dwight Evans · Richard McCormick · Ritchie Torres · Alan Armstrong · Jefferson Shreve · Julie Johnson · Robert Bresnahan

Super investors holding AMT

Chuck Akre (Akre Capital Management)

Profitability and growth

Return on equity: 25.38%
Return on invested capital: 8.23%
Return on assets: 4.16%
Return on capital employed: 8.61%
Net margin: 280.85%
EBITDA margin: 735.91%
Revenue growth: 20.82%
Net income growth: 15.27%
Free cash flow growth: 2.25%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.24%
Current ratio: 0.35x
Net debt to EBITDA: 5.83x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $935.90M
EBITDA: $6.89B
Net income: $2.63B
Earnings per share: $5.41
Shares outstanding: 467.92M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$935.90M	-	$2.63B	$5.41
2024-12-31	$774.60M	-	$2.28B	$4.83
2023-12-31	$747.30M	-	$1.37B	$3.18
2022-12-31	$840.70M	-	$1.70B	$3.83
2021-12-31	$717.20M	-	$2.57B	$5.69
2020-12-31	$495.70M	-	$1.69B	$3.81
2019-12-31	$527.20M	$484.10M	$1.89B	$4.27
2018-12-31	$491.30M	$442.20M	$1.24B	$2.79
2017-12-31	$6.66B	$6.63B	$1.24B	$2.69
2016-12-31	$5.79B	$5.76B	$956.40M	$2.00

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-	280.85%	25.38%	8.23%
2024-12-31	-	294.37%	23.63%	8.04%
2023-12-31	-	182.94%	12.58%	5.48%
2022-12-31	-	201.82%	13.67%	4.53%
2021-12-31	-	358.00%	28.31%	4.49%
2020-12-31	-	341.05%	37.01%	24.93%
2019-12-31	91.82%	358.08%	34.38%	19.26%
2018-12-31	90.01%	251.66%	20.96%	7.37%
2017-12-31	99.48%	18.59%	18.14%	7.50%
2016-12-31	99.52%	16.53%	13.71%	6.87%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.47B	-
2024-12-31	$2.00B	-
2023-12-31	$1.75B	-
2022-12-31	$1.55B	$38.90B
2021-12-31	$1.95B	$43.50B
2020-12-31	$1.75B	-
2019-12-31	$1.50B	$1.90M
2018-12-31	$1.21B	$18.41B
2017-12-31	$803.10M	$19.43B
2016-12-31	$791.20M	$18.29B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$3.78B	$174.20M
2024-12-31	$3.70B	$203.60M
2023-12-31	$2.92B	$195.70M
2022-12-31	$1.82B	$169.30M
2021-12-31	$3.44B	$119.50M
2020-12-31	$2.85B	$120.80M
2019-12-31	$2.76B	$111.40M
2018-12-31	$2.84B	$137.50M
2017-12-31	$2.12B	$108.50M
2016-12-31	$2.02B	$89.90M