American Tower

Real Estate Telecom Tower REITs Boston, Massachusetts Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$10.6B
                    3y CAGR +3.3%
                    
                    P17
                    
                    n/a
                    
                    Net income
                    FY2025
                
$2.6B
                    Net margin +24.7%
                    
                    P59
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$63.2B
                    ROA +4.2%
                    
                    P68
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$5.5B
                    FCF margin +31.3%
                    
                    P86
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 1 year

Total assets $63.2B

Total liabilities $52.8B

Shareholders equity $3.7B

Account	2025	Trend
Assets
Cash and Cash Equivalents	15.1%
Other Current Assets	10.7%
Total Current Assets	25.8%
Other Noncurrent Assets	567.9%
Total Assets	593.6%
Liabilities
Current Portion of Long Term Debt	31.8%
Other Current Liabilities	33.1%
Total Current Liabilities	65.0%
Long Term Debt	317.8%
Other Noncurrent Liabilities	113.6%
Total Liabilities	496.4%
Equity
Total Stockholders Equity	34.3%
Common Stock	0.0%
Additional Paid In Capital	142.9%
Retained Earnings	-47.8%
Treasury Stock	15.6%
Accumulated Other Comprehensive Income	-45.2%
Noncontrolling Interest	63.0%
Total Liabilitiesand Equity	593.6%

Income Statement

Revenue, expense, and profitability

14 accounts · 1 year

Revenue $10.6B

Operating income $4.8B

Net income $2.6B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Property Operating Expenses	24.2%
Expenses Selling,General and Administrative	8.8%
Expenses Other Operating Expenses	19.8%
Other Income Expense Operating Income	45.5%
Other Income Expense Interest Expense	12.8%
Other Income Expense Other Income/expense	-4.2%
Other Income Expense Income Before Tax	28.6%
Income Tax Income Tax Expense	3.9%
net Income Other Items Below Tax	23.8%
net Income net Income	24.7%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Diluted	4.4%

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 1 year

Operating cash flow $5.5B

Investing cash flow $-1.9B

Financing cash flow $-4.2B

Account	2025	Trend
CashFlow
Operating Activities net Cash From Operating Activities	51.3%
Operating Activities net Income	24.7%
Operating Activities Depreciation and Amortization	19.2%
Operating Activities Stock Based Compensation	1.6%
Operating Activities Other Non Cash Items	5.8%
Investing Activities Capital Expenditures	-20.1%
Investing Activities Other Investing Activities	2.6%
Investing Activities net Cash From Investing Activities	-17.5%
Financing Activities Proceeds From Debt	85.3%
Financing Activities Repayment of Debt	-88.8%
Financing Activities Dividends Paid	-32.2%
Financing Activities Repurchase of Common Stock	-3.4%
Financing Activities Other Financing Activities	-0.4%
Financing Activities net Cash From Financing Activities	-39.5%
Cash Reconciliation Effect of Exchange Rate On Cash	1.0%
Cash Reconciliation net Change In Cash	-4.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	—
Operating margin	+45.5%
Net margin	+24.7%
FCF margin	+31.3%
Growth
Revenue CAGR (3y)	+3.3%
Returns
ROE	+72.0%
ROA	+4.2%
ROIC	+10.7%
Liquidity
Current ratio	0.40x
Quick ratio	—
Leverage
D/E	14.47x
Interest coverage	3.56x
Efficiency
Asset turnover	0.17x
Cash conversion cycle	—

Valuation

Price against fundamentals

AMT $195 · 2025-09-29 · 397d old · FY2025

Market cap $91.2B

P/E 34.70x

P/S 8.57x

P/B 24.97x

EV $126.8B

EV/EBITDA —

FCF yield +3.7%

Dividend yield +3.8%

Notes

Your annotations

Not watched