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American Tower AMT EBITDA margin

EBITDA margin at other companies

SBA Communications logo
SBA CommunicationsSBAC
58.1%-5.3pp
Crown Castle logo
Crown CastleCCI
64.2%-0.3pp
Equinix, Inc. logo
Equinix, Inc.EQIX
43.4%+5.1pp
Digital Realty logo
Digital RealtyDLR
41.8%+1.4pp
Realty Income logo
Realty IncomeO
83.5%-0.4pp
Prologis logo
PrologisPLD
77.4%-3.6pp

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 EBITDA margin?
American Tower (AMT) reported EBITDA margin of 63.8% in Q1 2026.
How has American Tower's EBITDA margin changed year-over-year?
American Tower's EBITDA margin decreased by 2.9% year-over-year, from 65.7% to 63.8%.
What is the long-term trend for American Tower's EBITDA margin?
Over 5 years (2020 to 2025), American Tower's EBITDA margin has grown at a 1.8% compound annual growth rate (CAGR), from 59.3% to 64.7%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.