AMT · American Tower Corp /Ma/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74B | - | $2.72B | $2.63B | $2.56B | - | $2.52B | $2.90B | $2.83B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $257.40M | - | $233.00M | $233.70M | $237.50M | - | $227.70M | $234.30M | $257.00M | - |
| Total Operating Expenses | $1.50B | - | $1.48B | $1.43B | $1.31B | - | $1.38B | $1.62B | $1.60B | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $1.24B | - | $1.23B | $1.20B | $1.25B | - | $1.14B | $1.28B | $1.24B | - |
| Interest Expense | $347.30M | - | $347.10M | $342.60M | $363.80M | - | $356.80M | $365.40M | $366.70M | - |
| Income Tax | $139.60M | - | $37.40M | $131.30M | $118.90M | - | $122.40M | $120.00M | $109.20M | - |
| Net Income | $859.50M | - | $853.30M | $366.80M | $488.70M | - | ($792.30M) | $900.30M | $917.40M | - |
| EPS - Basic | $1.84 | - | $1.82 | $0.78 | $1.05 | - | ($1.70) | $1.93 | $1.97 | - |
| EPS - Diluted | $1.84 | - | $1.82 | $0.78 | $1.04 | - | ($1.69) | $1.92 | $1.96 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.61B | $1.47B | $1.95B | $2.08B | $2.10B | $2.00B | $2.15B | $2.49B | $2.39B | $1.97B |
| Accounts Receivable | $718.90M | $650.30M | $737.00M | $772.10M | $683.30M | $540.00M | $537.80M | $712.30M | $738.40M | $669.70M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $220.80M | $259.80M | $239.00M | $229.70M | $199.60M | $240.80M | $221.30M | $206.00M | $182.10M | $258.70M |
| Current Assets | $2.96B | $2.74B | $3.54B | $3.60B | $3.51B | $3.18B | $3.40B | $4.11B | $4.24B | $3.71B |
| Total Assets | $63.23B | $63.19B | $63.89B | $63.75B | $62.06B | $61.08B | $62.82B | $65.84B | $66.68B | $66.03B |
| Current Liabilities | $9.72B | $6.91B | $5.99B | $5.86B | $6.32B | $7.08B | $7.07B | $6.89B | $6.73B | $7.25B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $53.08B | $52.84B | $53.12B | $53.28B | $52.12B | $51.43B | $52.62B | $55.41B | $56.02B | $55.16B |
| Stockholders' Equity | $3.52B | $3.65B | $3.95B | $3.71B | $3.53B | $3.38B | $3.64B | $3.86B | $4.05B | $4.20B |
| Retained Earnings | ($5.06B) | ($5.09B) | ($5.11B) | ($5.16B) | ($4.73B) | ($4.42B) | ($4.89B) | ($3.34B) | ($3.48B) | ($3.64B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.40B | - | - | - | $1.29B | - | - | - | $1.28B | - |
| Investing Cash Flow | ($473.70M) | - | - | - | ($350.10M) | - | - | - | ($436.10M) | - |
| Financing Cash Flow | ($831.00M) | - | - | - | ($843.80M) | - | - | - | ($390.20M) | - |
| CapEx | $449.50M | - | - | - | $331.10M | - | - | - | $396.70M | - |
| Free Cash Flow | $951.10M | - | - | - | $963.90M | - | - | - | $886.90M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 45.3% | - | 45.4% | 45.6% | 48.9% | - | 45.2% | 44.3% | 43.6% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 31.4% | - | 31.4% | 14.0% | 19.1% | - | -31.4% | 31.0% | 32.4% | - |
| Free cash flow margin | 34.7% | - | - | - | 37.6% | - | - | - | 31.3% | - |
| FCF / Net income | 1.11 | - | - | - | 1.97 | - | - | - | 0.97 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.4% | - | 8.6% | 8.9% | 9.3% | - | 9.0% | 8.1% | 9.1% | - |
| Effective tax rate | 14.0% | - | 4.2% | 26.4% | 19.6% | - | - | 11.8% | 10.6% | - |
| Return on assets | 1.4% | - | 1.3% | 0.6% | 0.8% | - | -1.3% | 1.4% | 1.4% | - |
| Return on equity | 24.4% | - | 21.6% | 9.9% | 13.8% | - | -21.8% | 23.3% | 22.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.30 | 0.40 | 0.59 | 0.61 | 0.55 | 0.45 | 0.48 | 0.60 | 0.63 | 0.51 |
| Quick ratio | 0.30 | 0.40 | 0.59 | 0.61 | 0.55 | 0.45 | 0.48 | 0.60 | 0.63 | 0.51 |
| Cash ratio | 0.17 | 0.21 | 0.33 | 0.35 | 0.33 | 0.28 | 0.30 | 0.36 | 0.36 | 0.27 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.6x | - | 3.6x | 3.5x | 3.4x | - | 3.2x | 3.5x | 3.4x | - |
| Equity multiplier | 17.95 | 17.30 | 16.16 | 17.17 | 17.56 | 18.06 | 17.25 | 17.07 | 16.47 | 15.73 |
| Liabilities / Assets | 0.84 | 0.84 | 0.83 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.04 | 0.04 | - | 0.04 | 0.04 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 96d | - | 99d | 107d | 97d | - | 78d | 90d | 95d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 93.8x | - | 105.7x | 283.4x | 209.2x | - | - | 101.2x | 100.8x | - |
| P / B | 22.9x | - | 22.8x | 27.9x | 28.8x | - | 29.9x | 23.6x | 22.8x | - |
| P / S | 29.4x | - | 33.2x | 39.4x | 39.8x | - | 43.2x | 31.4x | 32.6x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.8% | - | 7.7% | -9.4% | -9.6% | - | -10.5% | 4.6% | 2.4% | - |
| Revenue CAGR (3y) | -0.4% | - | 0.6% | -0.6% | -1.2% | - | 0.9% | 8.1% | 9.5% | - |
| Revenue CAGR (5y) | 4.9% | - | 6.2% | 6.5% | 5.2% | - | 5.2% | 8.9% | 9.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -1.2% | - | 8.3% | -6.7% | 1.4% | - | 72.9% | 47.0% | 59.4% | - |
| Net income growth (YoY) | 75.9% | - | - | -59.3% | -46.7% | - | - | 89.3% | 173.2% | - |
| EPS growth (YoY) | 76.9% | - | - | -59.4% | -46.9% | - | - | 88.2% | 172.2% | - |
| EPS CAGR (3y) | 36.7% | - | 0.4% | -26.3% | -12.6% | - | - | 5.2% | 10.6% | - |
| EPS CAGR (5y) | 4.9% | - | 11.8% | -4.8% | 2.3% | - | - | 14.9% | 17.1% | - |
| FCF growth (YoY) | -1.3% | - | - | - | 8.7% | - | - | - | 45.7% | - |
| FCF CAGR (5y) | 1.6% | - | - | - | 10.5% | - | - | - | 9.5% | - |
| Book value growth (YoY) | -0.3% | 8.0% | 8.5% | -3.7% | -12.7% | -19.4% | -19.7% | -25.4% | -25.1% | -24.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$21.29B totalProperty$10.30B · 48.4%
Property USAnd Canada$5.59B · 26.2%
Property Latin America$1.64B · 7.7%
Property Africa APAC$1.42B · 6.7%
Property Data Centers$1.05B · 4.9%
Property Europe$937.70M · 4.4%
Services Segment$339.60M · 1.6%
Product / service
$11.28B totalProperty Revenue$10.30B · 91.4%
Services Revenue$339.60M · 3.0%
Service$339.60M · 3.0%
Non Lease Property Revenue$292.80M · 2.6%
Geographic
$10.64B totalUS$6.63B · 62.3%
BR$708.30M · 6.7%
MX$508.90M · 4.8%
NG$461.70M · 4.3%
DE$455.50M · 4.3%
ES$351.90M · 3.3%
UG$297.90M · 2.8%
GH$182.80M · 1.7%
KE$177.60M · 1.7%
ZA$172.60M · 1.6%
FR$130.30M · 1.2%
CO$122.20M · 1.1%
CL$117.40M · 1.1%
PE$98.90M · 0.9%
BF$56.50M · 0.5%
NE$52.40M · 0.5%
AR$43.60M · 0.4%
CR$25.70M · 0.2%
PY$17.60M · 0.2%
CA$12.00M · 0.1%
BD$11.00M · 0.1%
PH$10.40M · 0.1%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing AMERICAN TOWER CORP /MA/ against the 5 most active filers in the same SIC group.
Dividends
$6.89/share trailing 12 months · +5.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 14, 2026 | $1.7900 |
| Dec 29, 2025 | $1.7000 |
| Sep 30, 2025 | $1.7000 |
| Jun 13, 2025 | $1.7000 |
| Apr 11, 2025 | $1.7000 |
| Dec 27, 2024 | $1.6200 |
| Oct 9, 2024 | $1.6200 |
| Jun 14, 2024 | $1.6200 |
| Apr 11, 2024 | $1.6200 |
| Dec 27, 2023 | $1.7000 |
| Oct 10, 2023 | $1.6200 |
| Jun 15, 2023 | $1.5700 |
| Apr 13, 2023 | $1.5600 |
| Dec 27, 2022 | $1.5600 |
| Oct 7, 2022 | $1.4700 |
| Jun 16, 2022 | $1.4300 |
| Apr 12, 2022 | $1.4000 |
| Dec 23, 2021 | $1.3900 |
| Sep 27, 2021 | $1.3100 |
| Jun 17, 2021 | $1.2700 |
| Apr 12, 2021 | $1.2400 |
| Dec 24, 2020 | $1.2100 |
| Sep 25, 2020 | $1.1400 |
| Jun 18, 2020 | $1.1000 |