American Tower Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Property Revenue	10,305	9,934	9,869	9,404	9,110
Service and Other Revenue	339.6	193.7	143	241.1	247.3
Revenue	10,645	10,127	10,012	9,645	9,357
Revenue Growth (YoY)	5.11%	1.15%	3.80%	3.08%	16.36%
Property Expenses	2,574	2,482	2,501	2,462	2,585
Service and Other Expenses	174	92.6	60.1	107.4	96.7
Total Property Expenses	2,748	2,574	2,562	2,569	2,682
Gross Profit	7,897	7,553	7,451	7,076	6,675
Selling, General & Admin	940.7	933.4	946	902.1	811.6
Depreciation & Amortization Expenses	2,042	2,029	2,929	3,165	2,333
Other Operating Expenses	68.4	74.1	450.7	270.6	398.7
Operating Income	4,846	4,517	3,126	2,739	3,132
Interest Income	134	135.2	118.6	49.1	40.4
Interest Expense	-1,359	-1,405	-1,388	-1,136	-870.9
Other Non-Operating Income (Expense)	-576.2	377.6	-326.6	434.3	527.9
Total Non-Operating Income (Expense)	-1,802	-891.7	-1,596	-652.6	-302.6
Pretax Income	3,044	3,625	1,529	2,086	2,829
Provision for Income Taxes	415.7	366.3	90.8	112.8	261.8
Net Income	2,530	2,255	1,483	1,766	2,568
Minority Interest in Earnings	99	25.2	-116.2	-69.1	-0.1
Earnings From Discontinued Operations	-	-1,957	-142.8	-276.5	-
Net Income to Common	2,530	2,255	1,483	1,766	2,568
Net Income Growth	12.17%	52.03%	-16.00%	-31.23%	51.88%
Shares Outstanding (Basic)	468	467	466	462	451
Shares Outstanding (Diluted)	469	468	467	463	453
Shares Change (YoY)	0.14%	0.21%	0.95%	2.09%	1.61%
EPS (Basic)	5.41	4.83	3.18	4.43	5.69
EPS (Diluted)	5.40	4.82	3.18	4.41	5.66
EPS Growth	12.03%	51.57%	-27.89%	-22.09%	49.34%
Free Cash Flow	3,784	3,701	2,924	1,823	3,443
Free Cash Flow Growth	2.25%	26.54%	60.45%	-47.07%	20.83%
Free Cash Flow Per Share	8.07	7.91	6.26	3.94	7.60
Dividends Per Share	6.800	6.480	6.450	5.860	5.210
Dividend Growth	4.94%	0.46%	10.07%	12.48%	15.01%
Gross Margin	74.18%	74.58%	74.42%	73.36%	71.34%
Operating Margin	45.52%	44.60%	31.22%	28.39%	33.47%
Profit Margin	49.39%	54.69%	28.02%	38.05%	27.44%
FCF Margin	35.54%	36.54%	29.21%	18.90%	36.80%
EBITDA	6,887	6,641	6,212	6,094	5,465
EBITDA Margin	64.70%	65.58%	62.04%	63.18%	58.40%
EBIT	4,846	4,517	3,126	2,739	3,132
EBIT Margin	45.52%	44.60%	31.22%	28.39%	33.47%
Effective Tax Rate	13.66%	10.11%	5.94%	5.41%	9.25%

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