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American Tower AMT Earnings yield

Earnings yield at other companies

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5.6%+2.2pp
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3%+1.7pp
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Equinix, Inc.EQIX
1.5%+0.3pp
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Digital RealtyDLR
2.5%+1.4pp
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Realty IncomeO
2%+0.1pp
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PrologisPLD
3.1%+0.4pp

Other financials

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

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Market cap$82.02B-20.9%
Enterprise value$94.36B-15.6%
P/E27.3×-28.6×
P/S7.6×-2.6×

Profitability

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Gross margin99.5%
Operating margin44.7%-0.8pp
Net margin27.8%+9.6pp

Returns & leverage

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

Where this comes from

Calculated from American Tower’s reported figures.

Based on trailing twelve months.

The official record: American Tower’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Tower's earnings yield?
American Tower (AMT) reported earnings yield of 3.7% in Q1 2026.
How has American Tower's earnings yield changed year-over-year?
American Tower's earnings yield increased by 105.0% year-over-year, from 1.8% to 3.7%.
What is the long-term trend for American Tower's earnings yield?
Over 4 years (2020 to 2025), American Tower's earnings yield has grown at a 17.9% compound annual growth rate (CAGR), from 1.7% to 3.2%.
What does earnings yield mean?
The company's annual profit as a percentage of its market price — the flip side of the P/E.
How do you interpret earnings yield?
Higher means more earnings per dollar invested. Easy to compare directly against bond yields to judge the relative attractiveness of equity.
How does earnings yield compare across companies?
Comparable across profitable companies and against fixed-income yields; undefined when earnings are negative.