American Tower Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 10, 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	86,748	81,871	85,723	100,664	98,646	133,313
Market Cap Growth	-3.31%	-4.49%	-14.84%	2.05%	-26.00%	33.67%
Enterprise Value	130,237	128,091	129,674	148,127	145,202	182,079
Last Close Price	186.12	175.57	183.41	215.88	211.86	292.50
PE Ratio	34.47	32.51	38.05	67.89	48.04	51.68
Forward PE	28.72	-	-	-	-	-
PS Ratio	8.15	7.69	8.46	10.05	10.23	14.25
PB Ratio	23.76	22.42	25.35	23.98	17.70	26.24
P/TBV Ratio	23.89	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	15.88	14.98	16.20	21.32	26.69	27.66
EV/Sales Ratio	12.24	12.03	12.80	14.79	15.05	19.46
EV/EBITDA Ratio	18.85	18.60	19.53	23.85	23.83	33.32
EV/EBIT Ratio	26.76	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	2.92%	3.08%	2.63%	1.47%	2.08%	1.94%
FCF Yield	-	4.62%	4.32%	2.91%	1.85%	2.58%
Dividend Yield	3.65%	3.84%	3.59%	2.93%	2.69%	1.72%
Payout Ratio	127.59%	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	4.05%	4.24%	3.54%	2.91%	0.35%	-0.12%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q