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American Tower (AMT)

NYSE Real Estate Telecom Tower REITs S&P 500
$188.79
-5.20 (-2.68%)
Close of Nov 06, 2026 · end-of-day data
Source: American Tower's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$5.79B$6.66B$491.30M$527.20M$495.70M$717.20M$840.70M$747.30M$774.60M$935.90M
Cost of revenue—$34.60M$49.10M$43.10M——————
Gross profit—$6.63B$442.20M$484.10M——————
Selling, general & admin$543.40M$637.00M$733.20M$730.40M$778.70M$811.60M$902.10M$946.00M$933.40M$940.70M
Operating income$1.85B$2.00B$1.91B$2.69B$2.89B$3.13B$2.74B$3.13B$4.52B$4.85B
Interest expense—$749.60M$825.50M$814.20M$793.50M$870.90M$1.14B$1.40B$1.40B$1.36B
Pre-tax income$1.13B$1.26B$1.15B$1.92B$1.82B$2.83B$2.09B$1.53B$3.62B$3.04B
Income tax$155.50M$30.70M-$110.10M-$200.00K$129.60M$261.80M$112.80M$90.80M$366.30M$415.70M
Net income$956.40M$1.24B$1.24B$1.89B$1.69B$2.57B$1.77B$1.48B$2.25B$2.53B
EBITDA$3.38B$3.71B$4.02B$4.47B$4.77B$5.46B$5.90B$6.05B$6.55B$6.89B
EPS (basic)$2.00$2.69$2.79$4.27$3.81$5.69$3.83$3.18$4.83$5.41
EPS (diluted)$1.98$2.67$2.77$4.24$3.79$5.66$3.82$3.18$4.82$5.40
Diluted shares429.28M431.69M442.96M445.52M446.10M453.29M462.75M467.16M468.12M468.76M
Gross margin—99.5%90.0%91.8%——————
Operating margin32.0%30.0%387.7%509.9%582.5%436.7%325.8%418.2%583.1%517.8%
Net margin16.5%18.6%251.7%358.1%341.1%358.0%210.0%198.5%291.1%270.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$787.20M$802.10M$1.21B$1.50B$1.75B$1.95B$1.55B$1.75B$2.00B$1.47B
Short-term investments$4.00M$1.00M$0———————
Receivables$308.40M$513.60M$459.00M$462.20M$511.60M$728.90M$758.30M$547.50M$540.00M$650.30M
Total current assets$1.69B$2.04B$2.39B$2.55B$2.91B$3.73B$3.62B$3.71B$3.18B$2.74B
Goodwill$5.07B$5.64B$5.50B$6.18B$7.28B$13.35B$12.08B$12.08B$11.77B$12.26B
Total assets$30.88B$33.21B$33.01B$42.80B$47.23B$69.89B$67.19B$66.03B$61.08B$63.19B
Total current liabilities$1.63B$2.51B$4.69B$5.49B$3.66B$9.07B$8.31B$7.25B$7.08B$6.91B
Short-term debt$238.80M$774.80M$2.75B$2.93B$789.80M$4.57B$4.51B$3.07B$3.69B$3.39B
Long-term debt$18.29B$19.43B$18.41B$1.90M$28.50B$43.50B$38.90B$35.73B$32.81B$33.83B
Total debt$18.53B$20.21B$21.16B$2.93B$29.29B$48.07B$43.42B$38.80B$36.50B$37.22B
Total liabilities$22.81B$25.26B$26.11B$36.21B$42.45B$60.82B$54.79B$55.16B$51.43B$52.84B
Shareholders' equity$6.76B$6.24B$5.34B$5.06B$4.09B$5.08B$5.57B$4.20B$3.38B$3.65B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.70B$2.93B$3.75B$3.75B$3.88B$4.82B$3.70B$4.72B$5.29B$5.46B
Capital expenditures$682.50M$803.60M$913.20M$991.30M$1.03B$1.38B$1.87B$1.80B$1.59B$1.68B
Free cash flow$2.02B$2.12B$2.84B$2.76B$2.85B$3.44B$1.82B$2.92B$3.70B$3.78B
Investing cash flow-$2.10B-$2.80B-$2.75B-$3.99B-$4.78B-$20.69B-$2.36B-$1.70B$410.60M-$1.86B
Financing cash flow-$99.30M-$113.00M-$607.70M$521.70M$1.22B$16.42B-$1.42B-$3.10B-$5.45B-$4.21B
Dividends paid$886.10M$1.07B$1.32B$1.60B$1.93B$2.27B$2.72B$3.01B$3.03B$3.18B
Share buybacks$0$766.30M$232.80M$19.60M$56.00M$0$18.80M$0$0$364.60M
Stock-based compensation$89.90M$108.50M$137.50M$111.40M$120.80M$119.50M$169.30M$195.70M$203.60M$174.20M
Depreciation & amortization$1.53B$1.72B$2.11B$1.78B$1.88B$2.33B$3.16B$2.93B$2.03B$2.04B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.