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American Tower AMT Free cash flow

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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%

Valuation

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Market cap$78.61B-22.8%
Enterprise value$90.94B-17.4%
P/E26.1×-28.7×
P/S7.3×-2.7×

Profitability

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Gross margin99.5%
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×

Where this comes from

Calculated from American Tower’s reported figures.

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 free cash flow?
American Tower (AMT) reported free cash flow of $951.1M in Q1 2026.
How has American Tower's free cash flow changed year-over-year?
American Tower's free cash flow decreased by 1.3% year-over-year, from $963.9M to $951.1M.
What is the long-term trend for American Tower's free cash flow?
Over 4 years (2021 to 2025), American Tower's free cash flow has grown at a 2.4% compound annual growth rate (CAGR), from $3.44B to $3.78B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.