Company Overview
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 in Delaware and is based in Massachusetts, Boston.
Why Investors Should Care
Generates a return on equity of 30.0%, reflecting efficient use of shareholder capital.
Net profit has compounded at 12.7% per year over the last five years.
Maintains a net profit margin of 26.8%.
Offers a dividend yield of 4.12%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $10.64B (+5.1% YoY); net profit $2.53B.
- Trailing 12 Months Year-on-year growth — revenue +6.8%, earnings +76.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 3.3%, profit CAGR 12.7%.
Growth & Price Performance
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: | -21.03% |
| 6 Months: | +0.24% |
| 3 Months: | -3.50% |
| 1 Month: | -9.91% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)43.97 · Neutral
P/E of 27.20 is above the sector median of 27.20 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
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 4.12%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 168.63 | 27.20 | $78.56B | 4.12% | 7.82% | 29.95% | 3.34% | 12.73% |
| 2 | WELL Welltower Inc. SPX | 233.29 | 112.16 | $164.68B | 1.25% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.42 | 36.04 | $133.72B | 3.00% | - | 6.84% | 14.83% | 36.55% |
| 4 | EQIX Equinix, Inc. SPX | 1,022.60 | 70.67 | $100.85B | 1.87% | 5.10% | 10.06% | 16.33% | 16.02% |
| 5 | SPG Simon Property Group, Inc. SPX | 222.01 | 15.44 | $71.99B | 3.98% | - | 113.59% | 3.14% | 14.02% |
| 6 | AVB AvalonBay Communities, Inc. SPX | 190.29 | 23.58 | $71.34B | 3.66% | 4.45% | 9.72% | 8.77% | 6.54% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 176.07 | 46.70 | $65.14B | 2.82% | - | 5.69% | 15.18% | 18.41% |
| 8 | O Realty Income Corporation SPX | 63.26 | 51.85 | $58.99B | 5.10% | - | 2.83% | 24.73% | 13.04% |
| 9 | PSA Public Storage SPX | 314.68 | 32.44 | $55.25B | 3.76% | - | 20.18% | 5.67% | 7.85% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
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 | 1.46B | 1.59B | 1.72B | 1.99B | 2.44B | 2.88B | 3.36B | 4.10B | 4.77B | 5.79B | 6.66B | 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 |
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 | 1.90M | - | - | 34.16B | 35.73B | 32.81B | 33.83B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47.05B | 46.31B | 43.95B | 44.96B |
| Total Equity | 4.39B | 3.03B | 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 % | 26.0% | 38.1% | 39.0% | 39.5% | 37.7% | 38.9% | 36.1% | 36.3% | 33.8% | 32.0% | 30.0% | 387.7% | 509.9% | 582.5% | - | 30.3% | 35.3% | 45.5% | 46.3% |
| Net Margin % | 3.9% | 21.8% | 14.3% | 18.8% | 16.2% | 22.2% | 16.4% | 20.1% | 14.4% | 16.5% | 18.6% | 251.7% | 358.1% | 341.1% | - | 18.3% | 14.8% | 22.3% | 23.8% |
| ROE % | 1.9% | 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.65% | 44.95M | $7.59B |
| 2 | Vanguard Capital Management LLC | 6.52% | 30.36M | $5.13B |
| 3 | Vanguard Portfolio Management LLC | 5.92% | 27.60M | $4.66B |
| 4 | State Street Corporation | 4.60% | 21.43M | $3.62B |
| 5 | JPMORGAN CHASE & CO | 3.25% | 15.13M | $2.55B |
| 6 | Geode Capital Management, LLC | 2.99% | 13.93M | $2.35B |
| 7 | Cohen & Steers Inc. | 2.71% | 12.62M | $2.13B |
| 8 | FMR, LLC | 2.43% | 11.32M | $1.91B |
| 9 | Morgan Stanley | 2.06% | 9.58M | $1.62B |
| 10 | Deutsche Bank AG | 1.67% | 7.77M | $1.31B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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AMT — Frequently Asked Questions
What is the current share price of American Tower Corporation (AMT)?
As of 2026-07-15 16:51 PDT, American Tower Corporation (AMT) trades at $168.63 on NYSE. Its 52-week range is $162.11 to $223.71.
What is the market capitalisation of AMT?
American Tower Corporation (AMT) has a market capitalisation of $78.56B on NYSE.
What is the P/E ratio of AMT?
AMT trades at a trailing price-to-earnings (P/E) ratio of 27.20. The industry average P/E is 27.20. Its price-to-book (P/B) ratio is 22.33.
Does AMT pay a dividend?
American Tower Corporation (AMT) currently offers a dividend yield of 4.12%.
What is the return on equity (ROE) of AMT?
AMT has a return on equity (ROE) of 29.95%. Its return on capital employed (ROCE) is 7.82%.
Is AMT a good stock to buy?
This page provides a data-driven analysis of American Tower Corporation (AMT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.