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American Tower

AMT

American Tower Corporation is a leading independent owner, operator, and developer of multitenant communications real estate, organized as a Real Estate Investment Trust (REIT).

Market cap
$76.89B-25.9%
Revenue$10.8B+6.3%
Net income$3.0B+62.1%
Free cash flow$3.8B-0.2%
EPS (diluted)$6.20+59.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$2.7B
EPS estimate$1.56

Financials

Q1 2026

Income statement

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Revenue$2.7B+6.8%
Operating income$1.2B-1.2%
Net income$878.5M+76.2%
EPS (diluted)$1.84+76.9%

Balance sheet

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Cash & equivalents$1.6B-23.5%
Total debt$13.9B+34.7%
Total equity$3.5B-0.3%
Total assets$63.2B+1.9%

Cash flow

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Operating cash flow$1.4B+8.2%
CapEx$449.5M+35.8%
Free cash flow$951.1M-1.3%

Valuation & ratios

Valuation

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Market cap$76.89B-25.9%
Enterprise value$89.23B-20.2%
P/E25.6×-52.6×
P/S7.1×-3.0×

Profitability

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Operating margin44.7%-0.8pp
Net margin27.8%+9.6pp
FCF margin34.9%-2.3pp

Returns & leverage

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Return on equity85.3%+36.3pp
Debt / equity+1.0×
Current ratio0.3×-0.3×

Segments

By segment

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Property$2.7B+7.3%
U.S. & Canada$1.3B-3.2%
Property, Latin America$480.1M+20.3%
Data Centers$288.9M+18.4%
Property, Europe$260.7M+22.4%

By product

See full
Non Lease Property Revenue$148.5M-1.9%
Services Revenue$67.6M-9.4%

Competitors

Profile

American Tower Corporation is a leading independent owner, operator, and developer of multitenant communications real estate, organized as a Real Estate Investment Trust (REIT). The company provides the critical infrastructure necessary for wireless connectivity by leasing space on its global portfolio of towers and data centers to telecommunications and technology providers. Its core value proposition lies in its long-term, inflation-linked lease structures and the high barriers to entry for essential wireless network assets.

Competitive position

A leading global independent tower operator with a massive, geographically diversified portfolio and significant scale advantages in the wireless infrastructure market.

GeographiesUnited States, Canada, Latin America, Europe, Africa, Asia-Pacific
Customer segmentsTelecommunications carriers, Cloud service providers, Broadcasters, Public sector
Business modelLease-based rental, Infrastructure-as-a-Service, Professional services
SuppliersLandowners and ground lessors, Tower manufacturers, Power and fuel utilities, Construction contractors
CustomersMobile network operators, Internet service providers, Cloud computing companies, Television and radio broadcasters
Listed1998
Employees5.6K
CEOSteven O. Vondran
FilingsSEC EDGAR

Questions, answered.

What is American Tower's market cap?
American Tower (AMT) has a market capitalization of $76.9B and trades on NYSE.
What is American Tower's revenue and profitability?
American Tower generated $10.8B in trailing twelve-month revenue with net income of $3.0B, representing a net margin of 27.8%. Gross margin stands at 99.5%, with free cash flow of $3.8B. These figures are based on the Q1 2026 filing.
Who are American Tower's competitors?
American Tower's key competitors include Crown Castle Inc., SBA Communications Corporation, Digital Realty Trust, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does American Tower have?
American Tower's subsidiaries include CoreSite Realty Corporation, ATC Brazil.
Where is American Tower headquartered?
American Tower is headquartered in United States of America and employs approximately 5,643 people. It has been publicly traded since 1998.