American Tower Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	435,486	435,016	455,480	534,868	524,146	708,347
Market Cap Growth	-21.86%	-4.49%	-14.84%	2.05%	-26.00%	33.67%
Enterprise Value	700,754	680,597	689,011	787,057	771,514	967,459
PE Ratio	31.26	32.51	38.05	67.89	48.04	51.68
PS Ratio	7.43	7.69	8.46	10.05	10.23	14.25
PB Ratio	7.64	22.42	25.35	23.98	17.70	26.24
P/TBV Ratio	5.01	22.53	25.39	24.02	17.59	26.09
P/FCF Ratio	-	21.64	23.17	34.42	54.12	38.72
P/OCF Ratio	14.47	14.98	16.20	21.32	26.69	27.66
EV/Sales Ratio	12.46	12.03	12.80	14.79	15.05	19.46
EV/EBITDA Ratio	15.80	18.60	19.53	23.85	23.83	33.32
EV/EBIT Ratio	27.25	26.43	28.71	47.39	53.02	58.14
EV/FCF Ratio	-	33.85	35.04	50.65	79.67	52.88
Debt / Equity Ratio	3.96	3.96	4.11	3.92	3.36	5.15
Debt / EBITDA Ratio	6.53	6.53	6.62	7.45	7.72	9.52
Debt / FCF Ratio	11.88	11.88	11.88	15.84	25.82	15.11
Net Debt / Equity Ratio	11.91	11.91	12.41	10.61	8.08	9.85
Net Debt / EBITDA Ratio	6.31	6.31	6.32	7.17	7.39	9.16
Net Debt / FCF Ratio	11.49	11.49	11.34	15.24	24.70	14.54
Asset Turnover	0.17	0.17	0.16	0.15	0.14	0.16
Quick Ratio	0.31	0.31	0.36	0.32	0.34	0.30
Current Ratio	0.40	0.40	0.45	0.51	0.44	0.41
Return on Equity (ROE)	52.56%	52.56%	54.00%	24.11%	34.17%	56.59%
Return on Assets (ROA)	6.73%	6.73%	6.39%	4.41%	3.78%	4.85%
Return on Invested Capital (ROIC)	7.13%	7.13%	6.77%	4.67%	4.01%	5.16%
Return on Capital Employed (ROCE)	8.79%	8.79%	8.01%	5.31%	4.58%	6.00%
Earnings Yield	3.20%	3.08%	2.63%	1.47%	2.08%	1.94%
FCF Yield	-	4.62%	4.32%	2.91%	1.85%	2.58%
Dividend Yield	2.63%	3.84%	3.59%	2.93%	2.69%	1.72%
Payout Ratio	124.82%	124.82%	136.36%	198.83%	148.96%	88.44%
Buyback Yield / Dilution	0.39%	0.39%	-0.05%	-0.02%	-2.34%	-1.84%
Total Shareholder Return	3.03%	4.24%	3.54%	2.91%	0.35%	-0.12%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.