AMERICAN TOWER CORP /MA/
AMERICAN TOWER CORP /MA/
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,609 | 1,475 | 1,951 | 2,076 | 2,104 | 2,000 | 2,150 | 2,158 | 2,217 | 1,754 | 1,986 | 2,016 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 129 | 130 | 150 | 134 | 136 | 109 | 132 | 126 | 127 | 120 | 112 | 134 | |||||
Accounts Receivable Net Current | 719 | 650 | 737 | 772 | 683 | 540 | 538 | 712 | 738 | 548 | 648 | 684 | |||||
Prepaid Expense And Other Assets Current | 500 | 486 | 698 | 620 | 584 | 531 | 580 | 783 | 985 | 560 | 971 | 848 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | 0 | 0 | - | - | 730 | - | - | |||||
Assets Current | 2,956 | 2,742 | 3,535 | 3,601 | 3,506 | 3,179 | 3,400 | 4,114 | 4,240 | 3,710 | 3,850 | 3,681 | |||||
Property Plant And Equipment And Finance Lease Rig… | 20,441 | 20,356 | 20,135 | 19,800 | 19,266 | 19,057 | 19,278 | 19,928 | 20,094 | 18,863 | 19,612 | 19,759 | |||||
Goodwill | 12,193 | 12,256 | 12,256 | 12,246 | 11,922 | 11,768 | 12,046 | 12,483 | 12,557 | 12,084 | 12,570 | 13,051 | |||||
Intangible Assets Net Excluding Goodwill | 14,225 | 14,531 | 14,742 | 14,963 | 14,643 | 14,474 | 15,195 | 15,759 | 16,119 | 15,932 | 16,655 | 17,286 | |||||
Deferred Income Tax Assets Net | 154 | 151 | 166 | 157 | 133 | 123 | 143 | 139 | 161 | 179 | 127 | 126 | |||||
Deferred Rent Receivables Net Noncurrent | 3,864 | 3,851 | 3,813 | 3,780 | 3,728 | 3,710 | 3,662 | 3,650 | 3,597 | 3,478 | 3,383 | 3,285 | |||||
Operating Lease Right Of Use Asset | 8,492 | 8,427 | 8,420 | 8,384 | 8,167 | 8,090 | 8,329 | 9,012 | 9,200 | 8,205 | 8,801 | 8,982 | |||||
Other Assets Noncurrent | 909 | 877 | 821 | 825 | 692 | 677 | 764 | 753 | 711 | 755 | 655 | 710 | |||||
Assets | 63,235 | 63,190 | 63,889 | 63,755 | 62,056 | 61,077 | 62,817 | 65,838 | 66,679 | 66,028 | 65,653 | 66,879 | |||||
Disposal Group Including Discontinued Operation As… | - | - | - | - | - | 0 | 0 | - | - | 2,821 | - | - | |||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 221 | 260 | 239 | 230 | 200 | 241 | 221 | 206 | 182 | 251 | 216 | 216 | |||||
Accrued Liabilities Current | 1,092 | 1,113 | 1,225 | 1,145 | 1,121 | 1,082 | 982 | 1,166 | 1,134 | 1,053 | 1,223 | 1,182 | |||||
Dividends Payable Current | 852 | 819 | 821 | 818 | 816 | 780 | 779 | 778 | 777 | 906 | 776 | 751 | |||||
Interest Payable Current | 334 | 425 | 268 | 347 | 325 | 374 | 260 | 314 | 310 | 384 | 244 | 261 | |||||
Operating Lease Liability Current | 642 | 585 | 615 | 614 | 593 | 577 | 600 | 703 | 715 | 690 | 780 | 795 | |||||
Long Term Debt Current | 6,119 | 3,388 | 2,388 | 2,291 | 2,817 | 3,693 | 3,731 | 3,329 | 3,068 | 3,067 | 3,158 | 3,205 | |||||
Contract With Customer Liability Current | 460 | 325 | 438 | 420 | 451 | 329 | 496 | 392 | 544 | 434 | 473 | 516 | |||||
Liabilities Current | 9,719 | 6,914 | 5,994 | 5,864 | 6,322 | 7,076 | 7,070 | 6,889 | 6,730 | 7,249 | 6,869 | 6,926 | |||||
Long Term Debt And Capital Lease Obligations | 31,203 | 33,833 | 34,851 | 35,194 | 34,045 | 32,809 | 33,368 | 35,639 | 36,192 | 35,734 | 35,442 | 35,590 | |||||
Operating Lease Liability Noncurrent | 7,168 | 7,159 | 7,157 | 7,115 | 6,929 | 6,876 | 7,083 | 7,718 | 7,866 | 6,815 | 7,437 | 7,587 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | - | 0 | 0 | - | - | 463 | - | - | |||||
Asset Retirement Obligation | 2,516 | 2,513 | 2,540 | 2,525 | 2,445 | 2,394 | 2,503 | 2,562 | 2,607 | 2,080 | 2,113 | 2,123 | |||||
Deferred Income Tax Liabilities Net | 1,497 | 1,440 | 1,513 | 1,546 | 1,358 | 1,262 | 1,401 | 1,399 | 1,394 | 1,311 | 1,423 | 1,488 | |||||
Other Liabilities Noncurrent | 979 | 977 | 1,068 | 1,032 | 1,020 | 1,013 | 1,199 | 1,207 | 1,228 | 1,150 | 1,135 | 1,159 | |||||
Liabilities | 53,083 | 52,835 | 53,123 | 53,276 | 52,119 | 51,429 | 52,624 | 55,414 | 56,017 | 55,162 | 54,419 | 54,872 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | - | 0 | 0 | - | - | 823 | - | - | |||||
Common Stock Value | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Additional Paid In Capital | 15,236 | 15,215 | 15,178 | 15,133 | 15,078 | 15,057 | 15,014 | 14,955 | 14,903 | 14,873 | 14,823 | 14,779 | |||||
Retained Earnings Accumulated Deficit | -5,063 | -5,086 | -5,111 | -5,164 | -4,733 | -4,424 | -4,894 | -3,341 | -3,481 | -3,639 | -2,927 | -2,756 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -4,805 | -4,816 | -4,818 | -4,960 | -5,514 | -5,955 | -5,182 | -6,462 | -6,078 | -5,740 | -6,066 | -5,561 | |||||
Treasury Stock Common Value | -1,850 | -1,666 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | -1,301 | |||||
Stockholders Equity | 10,152 | 10,355 | 10,766 | 3,713 | 3,535 | 3,382 | 10,193 | 10,424 | 10,662 | 4,198 | 11,235 | 12,007 | |||||
Minority Interest | 6,630 | 6,703 | 6,813 | 6,766 | 6,402 | 6,267 | 6,551 | 6,568 | 6,614 | 6,667 | 6,701 | 6,841 | |||||
Liabilities And Stockholders Equity | 63,235 | 63,190 | 63,889 | 63,755 | 62,056 | 61,077 | 62,817 | 65,838 | 66,679 | 66,028 | 65,653 | 66,879 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||
Common Stock Shares Issued | 480 | 479 | 479 | 479 | 479 | 478 | 478 | 478 | 478 | 477 | 477 | 477 | |||||
Shares Outstanding | 466 | 466 | 468 | 468 | 468 | 467 | 467 | 467 | 467 | 466 | 466 | 466 | |||||
Treasury Stock Common Shares | 14 | 13 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.05% | -0.38% | -3.76% | - | - | - | - | - | - | - | - | - |
| 2025 | -4.28% | -0.97% | 2.35% | -1.32% | -9.97% | -10.12% | -1.73% | -5.64% | 1.44% | -7.05% | -3.16% | -9.39% |
| 2024 | 8.38% | 14.52% | 23.50% | 1.77% | 5.38% | 2.20% | -4.04% | -13.71% | -9.78% | 6.13% | 10.18% | 5.59% |
| 2023 | - | - | - | -8.68% | -6.77% | -12.72% | 12.96% | 21.19% | 20.58% | 3.27% | -7.41% | 5.13% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.30 | 0.40 | 0.59 | 0.61 | 0.55 | 0.45 | 0.48 | 0.60 | 0.63 | 0.51 | 0.56 | 0.53 | |||||
| Quick Ratio | 0.25 | 0.33 | 0.47 | 0.51 | 0.46 | 0.37 | 0.40 | 0.48 | 0.48 | 0.43 | 0.42 | 0.41 | |||||
| Working Capital | -6.76B | -4.17B | -2.46B | -2.26B | -2.82B | -3.90B | -3.67B | -2.77B | -2.49B | -3.54B | -3.02B | -3.24B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 5.23 | 5.10 | 4.93 | 14.35 | 14.74 | 5.33 | 5.16 | 5.32 | 5.25 | 5.08 | 4.84 | 4.57 | |||||
| Interest Coverage TTM | 3.50 | 3.56 | 3.57 | 3.47 | 3.39 | 3.21 | 2.78 | 2.62 | 2.45 | 2.24 | 2.04 | 1.94 | |||||
| Debt Ratio | 0.84 | 0.84 | 0.83 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.83 | 0.82 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.15 | 0.14 | 0.15 | 0.15 | 0.16 | 0.16 | |||||
| Days Sales Outstanding TTM | 23.65 | 20.41 | 22.25 | 26.40 | 25.49 | 19.60 | 22.70 | 26.74 | 27.00 | 23.80 | 23.23 | 24.69 | |||||
| Receivables Turnover TTM | 15.43 | 17.89 | 16.40 | 13.82 | 14.32 | 18.62 | 16.08 | 13.65 | 13.52 | 15.33 | 15.71 | 14.78 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 6.21 | 5.40 | 6.32 | 2.81 | 3.94 | 4.87 | 2.20 | 5.13 | 4.18 | 2.93 | 1.54 | 2.06 | |||||
| Free Cash Flow Per Share TTM | 8.09 | 8.09 | 7.88 | 7.99 | 8.08 | 7.92 | 7.62 | 7.34 | 6.86 | 6.27 | 6.08 | 5.14 | |||||
| Dividend Per Share TTM | 0.58 | 0.58 | 0.36 | 0.67 | 3.83 | 5.49 | 7.04 | 11.37 | 11.17 | 11.04 | 10.88 | 10.35 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 98.36% | 98.37% | 98.39% | 98.64% | 98.88% | 99.09% | 99.24% | 99.37% | 99.44% | 99.40% | 99.33% | 99.20% | |||||
| Operating Profit Margin TTM | 44.65% | 45.52% | 45.58% | 45.53% | 45.49% | 44.60% | 41.96% | 39.59% | 35.78% | 31.22% | 25.59% | 22.85% | |||||
| Net Profit Margin TTM | 26.81% | 23.76% | 28.36% | 12.86% | 18.15% | 22.52% | 10.81% | 25.18% | 20.02% | 13.65% | 6.67% | 8.80% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 6.31% | 5.11% | 9.68% | 7.65% | 4.30% | 1.15% | -11.46% | -12.69% | -9.80% | -6.53% | 3.00% | 6.66% | |||||
| Net Income Growth (1Y) | 57.01% | 10.93% | 187.77% | -45.03% | -5.42% | 66.79% | 43.48% | 149.86% | 40.51% | -22.58% | -75.03% | -65.44% | |||||
| EPS Growth (1Y) | 57.49% | 10.72% | 187.10% | -45.16% | -5.64% | 66.45% | 43.16% | 149.35% | 40.28% | -23.33% | -75.06% | -65.98% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 27.21 | 31.85 | 29.50 | 75.52 | 52.20 | 35.59 | 98.32 | 35.27 | 43.26 | 67.45 | 96.10 | 84.71 | |||||
| P/B TTM | 7.77 | 7.78 | 8.13 | 26.83 | 27.28 | 8.41 | 9.94 | 8.12 | 7.92 | 8.49 | 6.14 | 6.78 | |||||
| P/S TTM | 7.29 | 7.57 | 8.37 | 9.71 | 9.47 | 8.01 | 10.63 | 8.88 | 8.66 | 9.21 | 6.41 | 7.45 | |||||
| Market Cap | 78.91B | 80.57B | 87.48B | 99.63B | 96.42B | 81.16B | 101.30B | 84.64B | 84.48B | 92.21B | 69.01B | 81.37B | |||||
| Enterprise Value | 114.49B | 116.19B | 122.61B | 134.90B | 131.04B | 115.55B | 136.12B | 120.99B | 121.22B | 128.92B | 105.38B | 118.01B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 3.77B | 3.78B | 3.69B | 3.74B | 3.78B | 3.70B | 3.56B | 3.43B | 3.20B | 2.92B | 2.83B | 2.40B | |||||
| Net Debt | 35.58B | 35.62B | 35.14B | 35.27B | 34.62B | 34.39B | 34.82B | 36.35B | 36.74B | 36.71B | 36.37B | 36.65B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
AMERICAN TOWER CORP /MA/ (AMT) — SEC Financial Statements & Analysis
AMERICAN TOWER CORP /MA/ (AMT) is a real estate investment trusts company, incorporated in DE. AMERICAN TOWER CORP /MA/ trades on AMT: NYSE as: AMT. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), AMERICAN TOWER CORP /MA/ reported a 6.31% year-over-year revenue growth, a Gross Profit Margin of 98.36% (TTM), a Debt-to-Equity ratio of 5.23x, a Price-to-Sales (P/S) ratio of 7.29x (TTM), a Price-to-Book (P/B) ratio of 7.77 (TTM), at a market cap of $78.91B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 6.31%
- Gross Profit Margin TTM
- 98.36%
- Debt To Equity
- 5.23x
- P/S TTM
- 7.29x
- P/B TTM
- 7.77
- Market Cap
- $78.91B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is AMERICAN TOWER CORP /MA/ in?
AMERICAN TOWER CORP /MA/ (AMT) operates in the Real Estate Investment Trusts industry.
What is AMT's market cap?
AMERICAN TOWER CORP /MA/ (AMT) has a market capitalization of $78.91B as of 2026-03-31.
What is AMT's P/E ratio?
AMERICAN TOWER CORP /MA/ (AMT)'s trailing twelve month P/E ratio is 27.21x as of 2026-03-31.
What exchange does AMT trade on?
AMERICAN TOWER CORP /MA/ (AMT) trades on the AMT: NYSE.
Where is AMERICAN TOWER CORP /MA/ incorporated?
AMERICAN TOWER CORP /MA/ is incorporated in DE.