American Tower Corporation (AMT)

American Tower Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	11,010	10,645	10,127	10,012	9,645	9,357
Revenue Growth	5.31%	5.11%	1.15%	3.80%	3.08%	16.36%
Net Income Net Income Growth	3,314	2,530	2,255	1,483	1,766	2,568
Earnings Per Share EPS Growth	7.11	5.40	4.82	3.18	3.81	5.66
EPS Growth	13.38%	12.03%	51.71%	-16.66%	-32.64%	49.34%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
U.S. & Canada Property U.S. & Canada Property Growth	5,136	5,249	5,248	5,216	5,006	4,920
Africa & APAC Property Africa & APAC Property Growth	1,604	1,423	1,208	1,244	1,204	-
Europe Property Europe Property Growth	1,027	937.7	834.7	775.6	735.7	496.2
Latin America Property Latin America Property Growth	1,819	1,643	1,718	1,798	1,692	1,465
Data Centers Data Centers Growth	1,180	1,053	924.8	834.7	766.6	23.2
Services Services Growth	244.7	339.6	193.7	143	241.1	247.3
Revenue (Total) Revenue (Total) Growth	11,010	10,645	10,127	10,012	9,645	9,357

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,872	1,475	2,000	1,754	2,028	1,950
Total Debt Total Debt Growth	45,294	44,964	43,954	46,307	47,051	52,009
Net Cash (Debt) Net Cash Growth	-43,422	-43,489	-41,955	-44,553	-45,023	-50,059
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-93.01	-92.78	-89.62	-95.37	-97.29	-110.43

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	5,708	5,464	5,291	4,722	3,696	4,820
Free Cash Flow Free Cash Flow Growth	5,708	5,464	5,291	4,722	3,696	4,820
Free Cash Flow Growth	9.02%	3.28%	12.03%	27.76%	-23.31%	24.18%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	45.49%	45.71%	45.23%	34.82%	30.18%	38.00%
Pretax Margin	35.34%	28.60%	35.79%	15.27%	21.63%	30.24%
Profit Margin	30.10%	23.76%	22.27%	14.82%	18.31%	27.44%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	7.160	6.800	6.480	6.450	5.860	5.210
Dividend Per Share Growth	5.21%	4.94%	0.46%	10.07%	12.48%	15.01%
Dividend Yield	3.80%	3.86%	3.53%	2.99%	2.77%	1.78%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	26.50	32.49	38.01	67.85	55.86	51.88
PS Ratio	7.93	7.72	8.46	10.05	10.23	14.24

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

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