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American Tower AMT Debt-to-equity

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Other financials

Income statement

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Revenue$2.7B+4.7%
Operating income$1.3B+5.9%
Net income$887.5M+133%
EPS (diluted)$1.86+138%

Balance sheet

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Cash & equivalents$1.8B-15.1%
Total debt$45.0B+348%
Total equity$3.7B+0.2%
Total assets$63.3B-0.7%

Cash flow

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Operating cash flow$1.5B+16.0%
CapEx$320.9M+5.4%
Free cash flow$1.2B+19.3%

Valuation

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Market cap$78.31B-19.9%
Enterprise value$121.55B+14.9%
P/E22.3×-51.4×
P/S7.2×-2.4×

Profitability

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Gross margin99.5%
Operating margin44.8%-0.7pp
Net margin32.1%+19.2pp
FCF margin36.2%-0.3pp

Returns & leverage

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Return on equity94.6%+59.5pp
Current ratio0.4×-0.3×

Where this comes from

Calculated from American Tower’s reported figures.

Based on the most recent quarter.

The source filing: American Tower’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001053507-26-000133

FAQ

What is American Tower's debt-to-equity?
American Tower (AMT) reported debt-to-equity of 12.1× in Q2 2026.
How has American Tower's debt-to-equity changed year-over-year?
American Tower's debt-to-equity increased by 347.5% year-over-year, from 2.7× to 12.1×.
What is the long-term trend for American Tower's debt-to-equity?
Over 5 years (2020 to 2025), American Tower's debt-to-equity has grown at a 43.6% compound annual growth rate (CAGR), from 2× to 12.3×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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