American Tower Corporation

American Tower Corporation

AMT
American Tower CorporationUS flagNew York Stock Exchange
175.93
USD
+1.74
- -
81.98BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
23.14
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.2
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.06
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.83
Book Value per Share
8.95
9.97
15.69
15.83
14.56
12.1
11.41
9.21
11.15
11.97
9
7.24
7.83
7.56
Tangible Book Value per Share
-17.45
-17.4
-17.17
-22.43
-26.07
-25.71
-30.35
-38.33
-63.62
-54.48
-51.08
-48.91
-49.61
-49.13
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
468
Sales/Revenue/Turnover
3,361
4,100
4,772
5,786
6,664
7,440
7,580
8,042
9,357
9,645
10,012
10,127
10,645
10,819
Operating Margin (%)
36.12
36.27
33.8
32.95
33.65
32.05
37.3
38.89
35.57
30.3
35.32
45.45
46.31
45.42
Depreciation Expense
800
1,004
1,285
1,526
1,716
2,111
1,778
1,882
2,333
3,355
3,086
2,125
2,042
2,067
Net Income, GAAP
551
825
685
956
1,239
1,236
1,888
1,691
2,568
1,766
1,483
2,255
2,530
2,900
Effective Tax Rate (%)
10.99
7.22
19.04
13.81
2.44
- -
- -
7.12
9.25
5.41
5.94
10.11
13.66
12.67
Profit Margin (%)
16.4
20.12
14.36
16.53
18.59
16.62
24.9
21.02
27.44
18.31
14.81
22.27
23.76
26.81
Working Capital
53
-972
-204
59
-474
-2,305
-2,934
-750
-5,338
-4,690
-3,539
-3,897
-4,172
-6,763
LT Debt
14,408
13,643
17,069
18,295
19,430
18,405
27,638
35,382
46,727
41,748
42,549
39,684
40,991
38,370
Total Equity
3,590
4,053
6,713
8,068
7,954
6,904
6,587
4,780
9,070
12,408
10,865
9,649
10,355
10,152
Return on Invested Capital (%)
7.06
7.5
6.13
6.49
7.94
- -
- -
7.3
5.86
4.58
5.72
7.49
7.85
7.8
Return on Capital (%)
6.75
7.56
5.57
6.19
7.24
- -
- -
6.13
6.55
4.83
4.98
6.31
6.62
7.3
Return on Common Equity (%)
15.51
21.4
11.22
12.66
17.71
21.2
36.33
36.96
55.97
33.15
30.36
59.5
71.91
82.19

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,003
3,973
6,761
LT Borrowings
34,851
33,832
31,202
LT Finance Leases
7,157
7,159
7,168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
468
466
466
Market Capitalization
90,062
81,871
80,420

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,535
2,742
2,956
Cash, Cash Equivalents & STI
1,951
1,475
1,609
Accounts Receivable, Net
737
650
719
Inventories
- -
- -
- -
Total Current Liabilities
5,994
6,914
9,719
Payables & Accruals
2,553
2,616
2,499
ST Debt
3,003
3,973
6,761
Deferred Revenue
438
325
460

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.38%
22.04%
7.32%
Free Cash Flow
14.27%
12.6%
2.25%
Net Income, GAAP
18%
13.77%
12.17%
Sales/Revenue/Turnover
8.55%
5.9%
5.11%
Total Cash Common Dividend
16.42%
10.53%
2.68%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,513
2,545
2,522
2,548
10,127
2025
2,563
2,627
2,717
2,738
10,645
2026
2,738
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.97
1.93
-1.7
2.63
- -
2025
1.05
0.78
1.82
1.76
- -
2026
1.84
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.72
1.62
1.62
1.62
- -
2025
1.64
1.7
1.7
1.7
- -
2026
1.73
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Steven O. Vondran
Full Time Employees
4,866
Sector
Real Estate
Industry
REIT - Specialty
Address
222 Berkeley Street Boston MA United States of America 02116
IPO Date
Feb 27, 1998
Business
American Tower Corporation (NYSE: AMT), founded in 1995 and headquartered in Boston, Massachusetts, operates as a leading real estate investment trust that owns, develops, and manages multitenant communications infrastructure worldwide, including approximately 148,957 sites as of December 31, 2024, comprising 42,222 in the U.S. and Canada, 26,642 in Asia-Pacific and Africa, 31,786 in Europe, and 48,307 in Latin America. The company leases space on its wireless towers, broadcast towers, distributed antenna systems (DAS), and small cells to wireless service providers such as AT&T, Verizon, and T-Mobile; radio and television broadcasters; government agencies; utilities; and other enterprises requiring network coverage and capacity, while also offering tower-related services including site acquisition, zoning and permitting, structural analysis, construction management, and equipment installation. Through its CoreSite subsidiary, American Tower provides carrier-neutral data center colocation, interconnection, power, cooling, and edge computing services to cloud providers like AWS and Azure, network operators, enterprises, and content providers, supporting low-latency hybrid multi-cloud deployments and 5G enhancements. American Tower serves the telecommunications infrastructure industry, targeting mobile network operators, broadcasters, and digital infrastructure users across diverse customer segments with long-term leases averaging 5-10 years, supplemented by backup power solutions like on-site generators to ensure reliability amid increasing utility disruptions. The company's operations span North America, Latin America, Europe, Asia-Pacific, and Africa, with a focus on high-demand markets for 5G rollout, network densification, and edge computing. It maintains subsidiaries such as CoreSite for data centers and emphasizes operational excellence through site development cycles that include land rights acquisition, permitting, construction, and tenant upgrades. In recent developments, American Tower completed the sale of its Indian tower operations, comprising approximately 76,000 sites, to a Brookfield-led consortium via Data Infrastructure Trust in September 2024 for an enterprise value of approximately $2.2 billion, marking its exit from India after 17 years and allowing focus on core markets. The company appointed Steven Vondran as President and CEO in February 2024, succeeding Tom Bartlett, amid plans to erect 4,000 new towers primarily in Africa, Latin America, and other regions to meet growing demand. Additionally, American Tower reported strong Q2 2025 financial results with total revenue up 3.2% to $2.627 billion and Q3 2025 EPS of $2.78 exceeding expectations, while pursuing edge computing growth through partnerships like its collaboration with IBM for hybrid multi-cloud services and ongoing data center expansions via CoreSite. In Nigeria, it secured a contract to manage certain MTN tower operations starting in 2025 following a competitive tender, further diversifying its African portfolio.

Company News

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