American Tower Corporation AMT SPX
Real Estate · REIT - Specialty · United States
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 and is based in Boston, United States.
READ MORE ›$186.96
-9.69% 1Y
Market & Price
Market Cap
$87.10B
Current Price
$186.96
High / Low (52W)
$225.84 / $165.62
Beta
0.90
Valuation
Stock P/E
30.11
Industry PE
26.58
Forward P/E
27.07
PEG Ratio
1.94
Book Value
$7.56
Price to Book
24.73
P/S
8.05
EV/EBITDA
19.64
Dividend Yield
3.73%
Profitability & Returns
ROCE
7.82%
ROE
29.95%
ROA
4.91%
Profit Margin
26.81%
Op Margin
45.91%
EPS (Latest Qtr)
$1.84
EPS (TTM)
$6.21
Balance Sheet & Liquidity
Debt/Equity
4.45
Quick Ratio
0.26
Current Ratio
0.30
Debt
$45.13B
Total Assets
$63.19B
Current Assets
$2.74B
Working Capital
$-4.17B
Ownership
Promoter Holding
0.08%
Chg in Prom Hold
-0.00%
FII / Inst Holding
96.69%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$137.26B
Total Revenue (TTM)
$10.82B
EBITDA
$6.99B
Free Cash Flow
$4.61B
Operating Cash Flow
$5.57B
Shares Outstanding
465.89M
Gross Margin
73.96%
Payout Ratio
82.26%
Growth (CAGR)
Revenue 5Y
3.34%
Profit 5Y
12.73%
Revenue (YoY)
6.80%
Earnings (YoY)
76.90%
PROS
- Strong return on equity of 30.0%.
- Excellent profit margin of 26.8%.
- Profit CAGR of 12.7% over 5 years.
- Attractive dividend yield of 3.73%.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 6 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 7 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 8 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
| 9 | VTR Ventas, Inc. SPX | 84.42 | 153.49 | $41.04B | 2.37% | 3.28% | 2.14% | 12.21% | 209.94% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 1.74B | 1.78B | 121.90M | - | 125.20M | 140.30M | 137.30M | - | 118.00M | 117.40M | 131.60M | 141.90M | 179.60M | 204.70M | 209.30M | 217.00M | 220.60M | 205.70M | 196.20M | 185.70M | - | 173.00M | 196.40M | - | - | 2.56B | 2.63B | 2.72B | 2.74B | 2.74B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 634.50M | 688.70M | 710.80M | 714.10M | 703.30M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.93B | 1.94B | 2.01B | 2.02B | 2.03B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 674.20M | 740.50M | 773.30M | 779.30M | 795.00M |
| Operating Income | 400.93M | 402.12M | 451.90M | 432.80M | 479.10M | 489.30M | 531.40M | 576.90M | 561.10M | 329.00M | 402.90M | 546.00M | 567.20M | 388.90M | 614.90M | 683.90M | 728.30M | 661.30M | 736.80M | 691.30M | 785.10M | 828.70M | 849.20M | 827.50M | 725.10M | 782.30M | 652.90M | 747.00M | 852.70M | 913.00M | 612.80M | 1.14B | 1.16B | - | - | 1.25B | 1.20B | 1.23B | 1.24B | 1.24B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.44B | 1.36B | 1.82B | 1.83B | 1.88B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 325.30M | 342.60M | 347.10M | 344.40M | 347.30M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 617.50M | 511.80M | 950.00M | 964.90M | 1.02B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 118.90M | 131.30M | 37.40M | 128.10M | 139.60M |
| Net Income | 103.00M | 232.70M | 275.20M | 187.60M | 264.50M | 229.20M | 316.10M | 367.00M | 317.30M | 238.50M | 285.20M | 306.70M | 366.90M | 277.60M | 397.40M | 429.10M | 498.60M | 562.70M | 415.00M | 446.10M | 464.40M | 645.00M | 746.30M | 723.00M | 711.70M | 898.20M | 839.70M | - | - | - | - | - | - | - | - | 488.70M | 366.80M | 853.30M | 820.70M | 859.50M |
| Diluted EPS | 0.18 | 0.48 | 0.58 | 0.37 | 0.55 | 0.47 | 0.67 | 0.80 | 0.69 | 0.51 | 0.63 | 0.69 | 0.83 | 0.62 | 0.89 | 0.96 | 1.12 | 1.26 | 0.93 | 1.00 | 1.04 | 1.45 | 1.65 | 1.58 | 1.56 | 1.95 | 1.80 | 0.72 | 1.02 | 1.26 | 0.18 | 1.96 | 1.92 | - | - | 1.04 | 0.78 | 1.82 | 1.75 | 1.84 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 491.30M | 527.20M | 495.70M | - | 9.65B | 10.01B | 10.13B | 10.64B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.57B | 2.56B | 2.57B | 2.75B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.08B | 7.45B | 7.55B | 7.90B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.15B | 3.91B | 2.95B | 2.97B |
| Operating Income | 378.36M | 606.75M | 672.26M | 784.38M | 920.13M | 1.12B | 1.21B | 1.49B | 1.61B | 1.85B | 2.00B | 1.91B | 2.69B | 2.89B | - | 2.92B | 3.54B | 4.60B | 4.93B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.58B | 6.00B | 7.15B | 6.45B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14B | 1.39B | 1.40B | 1.36B |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.09B | 1.53B | 3.62B | 3.04B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 112.80M | 90.80M | 366.30M | 415.70M |
| Net Income | 56.32M | 347.25M | 246.59M | 372.94M | 396.46M | 637.28M | 551.33M | 824.91M | 685.10M | 956.40M | 1.24B | 1.24B | 1.89B | 1.69B | - | 1.77B | 1.48B | 2.25B | 2.53B |
| Diluted EPS | 0.13 | 0.84 | 0.61 | 0.92 | 0.99 | 1.60 | 1.38 | 2.00 | 1.41 | 1.98 | 2.67 | 2.77 | 4.24 | 3.79 | - | 3.82 | 3.18 | 4.82 | 5.40 |
Compounded Sales Growth
| 5 Years: | 3.34% |
| 1 Year: | 6.80% |
Compounded Profit Growth
| 5 Years: | 12.73% |
| 1 Year: | 76.90% |
Stock Price Performance
| 1 Year: | -9.69% |
| 6 Months: | +6.07% |
| 3 Months: | -1.58% |
| 1 Month: | +4.92% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 8.21B | 8.52B | 10.37B | 12.24B | 14.09B | 20.21B | 21.26B | 26.90B | 30.88B | 33.21B | 33.01B | 42.80B | 47.23B | - | 67.19B | 66.03B | 61.08B | 63.19B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.62B | 3.71B | 3.18B | 2.74B |
| Cash & Equivalents | 281.26M | 33.12M | 143.08M | 247.29M | 883.96M | 330.19M | 368.62M | 293.58M | 313.49M | 320.70M | 787.20M | 802.10M | 1.21B | 1.50B | 1.75B | - | 2.03B | 1.75B | 2.00B | 1.47B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 758.30M | 547.50M | 540.00M | 650.30M |
| Total Liabilities | - | - | 5.22B | 5.20B | 6.87B | 8.83B | 10.41B | 16.69B | 17.21B | 20.19B | 22.81B | 25.26B | 26.11B | 36.21B | 42.45B | - | 54.79B | 55.16B | 51.43B | 52.84B |
| Current Liabilities | - | - | 302.64M | 391.24M | 539.46M | 781.50M | 632.18M | 932.66M | 1.93B | 1.20B | 1.63B | 2.51B | 4.69B | 5.49B | 3.66B | - | 8.31B | 7.25B | 7.08B | 6.91B |
| Long Term Debt | - | - | - | 4.14B | 5.51B | 7.13B | 8.69B | 14.41B | 13.64B | 17.07B | 18.29B | 19.43B | 18.41B | - | - | - | 34.16B | 35.73B | 32.81B | 33.83B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47.05B | 46.31B | 43.95B | 44.96B |
| Total Equity | - | - | 2.99B | 3.32B | 3.50B | 3.29B | 3.57B | 3.53B | 3.95B | 6.65B | 6.76B | 6.24B | 5.34B | 5.06B | 4.09B | - | 5.57B | 4.20B | 3.38B | 3.65B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 476.62M | 477.30M | 478.39M | 479.36M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 692.68M | 773.26M | 842.13M | 1.02B | 1.17B | 1.41B | - | - | - | 2.70B | 2.93B | 3.75B | 3.75B | 3.88B | - | 3.70B | 4.72B | 5.29B | 5.46B |
| Investing Cash Flow | -186.18M | -274.94M | -543.07M | -1.30B | -2.79B | -2.56B | - | - | - | -2.10B | -2.80B | -2.75B | -3.99B | -4.78B | - | -2.36B | -1.70B | 410.60M | -1.86B |
| Financing Cash Flow | -754.64M | -388.17M | -194.94M | 910.33M | 1.09B | 1.17B | - | - | - | -99.30M | -113.00M | -607.70M | 521.70M | 1.22B | - | -1.42B | -3.10B | -5.45B | -4.21B |
| Capital Expenditure | - | - | - | - | - | - | - | -974.40M | -728.80M | -682.50M | -803.60M | -913.20M | -991.30M | -1.03B | - | -1.87B | -1.80B | -1.59B | -1.68B |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | 2.02B | 2.12B | 2.84B | 2.76B | 2.85B | - | 1.82B | 2.92B | 3.70B | 3.78B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -82.20M | -70.50M | 248.70M | -604.30M |
| Share Buybacks | 1.64B | 714.65M | 213.29M | 430.62M | 437.40M | 62.73M | 145.01M | 0 | 0 | 0 | 766.30M | 232.80M | 19.60M | 56.00M | 0 | 18.80M | 0 | 0 | 364.60M |
| Dividends Paid | - | - | 0 | 0 | 137.76M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73.4% | 74.4% | 74.6% | 74.2% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | 387.7% | 509.9% | 582.5% | - | 30.3% | 35.3% | 45.5% | 46.3% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | 251.7% | 358.1% | 341.1% | - | 18.3% | 14.8% | 22.3% | 23.8% |
| ROE % | - | 11.6% | 7.4% | 10.7% | 12.1% | 17.8% | 15.6% | 20.9% | 10.3% | 14.1% | 19.8% | 23.2% | 37.3% | 41.3% | - | 31.7% | 35.3% | 66.7% | 69.3% |
| ROCE % | - | 7.7% | 8.3% | 8.0% | 8.0% | 8.3% | 6.3% | 7.7% | 6.3% | 6.3% | 6.5% | 6.7% | 7.2% | 6.6% | - | 5.0% | 6.0% | 8.5% | 8.8% |
Shareholding Pattern
Insiders
0.08%
Institutions
96.69%
Public Float
96.77%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.65% | 44.95M | $8.40B |
| 2 | Vanguard Capital Management LLC | 6.52% | 30.36M | $5.68B |
| 3 | Vanguard Portfolio Management LLC | 5.92% | 27.60M | $5.16B |
| 4 | State Street Corporation | 4.60% | 21.43M | $4.01B |
| 5 | JPMORGAN CHASE & CO | 3.25% | 15.13M | $2.83B |
| 6 | Geode Capital Management, LLC | 2.99% | 13.93M | $2.61B |
| 7 | Cohen & Steers Inc. | 2.71% | 12.62M | $2.36B |
| 8 | FMR, LLC | 2.43% | 11.32M | $2.12B |
| 9 | Morgan Stanley | 2.06% | 9.58M | $1.79B |
| 10 | Deutsche Bank AG | 1.67% | 7.77M | $1.45B |
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