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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 18, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	87,366	85,706	100,636	98,643	133,209	99,708
Market Cap Growth	1.09%	-14.84%	2.02%	-25.95%	33.60%	-2.05%
Enterprise Value	131,372	134,888	152,034	149,220	176,351	130,788
Last Close Price	193.09	177.19	201.73	191.45	257.56	193.82
Price/FFO Ratio	-	15.85	20.44	-	-	-
Price/AFFO Ratio	-	16.81	20.44	-	-	-
PE Ratio	29.77	38.01	67.85	55.86	51.88	58.98
PS Ratio	8.45	8.46	10.05	10.23	14.24	12.40
PB Ratio	22.88	8.88	9.26	7.95	14.69	20.86
P/OCF Ratio	16.87	16.20	21.31	26.69	27.64	25.69
EV/Sales Ratio	12.57	13.32	15.19	15.47	18.85	16.26
EV/EBITDA Ratio	19.53	20.32	23.44	24.56	29.95	25.91
EV/EBIT Ratio	27.38	29.27	42.73	51.27	49.60	41.31
Debt / Equity Ratio	4.18	4.56	4.26	3.79	5.73	7.68
Debt / EBITDA Ratio	5.49	5.41	5.78	6.27	7.08	5.82
Net Debt / Equity Ratio	4.00	4.35	4.10	3.63	5.52	7.31
Net Debt / EBITDA Ratio	6.40	6.32	6.87	7.41	8.50	6.93
Asset Turnover	0.17	0.16	0.15	0.14	0.16	0.18
Quick Ratio	0.49	0.39	0.35	0.38	0.33	0.68
Current Ratio	0.59	0.45	0.51	0.44	0.41	0.80
Return on Equity (ROE)	28.84%	31.77%	12.36%	18.37%	37.08%	29.76%
Return on Assets (ROA)	4.73%	4.53%	3.34%	2.65%	3.79%	4.40%
Return on Invested Capital (ROIC)	7.69%	7.48%	5.74%	4.57%	6.29%	7.43%
Earnings Yield	3.33%	2.63%	1.47%	1.79%	1.93%	1.70%
Dividend Yield	3.64%	3.66%	3.20%	3.06%	2.02%	2.34%
Payout Ratio	108.48%	136.36%	198.83%	148.96%	88.44%	114.05%
Buyback Yield / Dilution	-0.19%	-0.21%	-0.95%	-2.09%	-1.61%	-0.13%
Total Shareholder Return	3.42%	3.45%	2.24%	0.97%	0.41%	2.21%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q