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American Tower AMT EV / EBITDA

EV / EBITDA at other companies

SBA Communications logo
SBA CommunicationsSBAC
18.6×-2.2×
Crown Castle logo
Crown CastleCCI
25.2×-1.6×
Equinix, Inc. logo
Equinix, Inc.EQIX
28.9×+0.4×
Digital Realty logo
Digital RealtyDLR
20.1×-5.1×
Realty Income logo
Realty IncomeO
11.6×+0.1×
Prologis logo
PrologisPLD
20.8×-2.5×

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 the most recent quarter.

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 EV / EBITDA?
American Tower (AMT) reported EV / EBITDA of 13.4× in Q1 2026.
How has American Tower's EV / EBITDA changed year-over-year?
American Tower's EV / EBITDA decreased by 18.3% year-over-year, from 16.5× to 13.4×.
What is the long-term trend for American Tower's EV / EBITDA?
Over 4 years (2021 to 2025), American Tower's EV / EBITDA has grown at a -11.5% compound annual growth rate (CAGR), from 99.6× to 61.2×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.