What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

American Tower AMT Gross Profit

Discontinued — last reported Q1 '20

Gross Profit at other companies

SBA CommunicationsSBAC

$664.01M+6.1%

Crown CastleCCI

$984M-4.7%

Equinix, Inc.EQIX

$1.4B+19.0%

MTZ

MasTecMTZ

$556.28M+27.7%

CenterspaceCSR

$62.69M-3.0%

CTO Realty GrowthCTO

$31.01M+15.2%

Segments

By segment

See full

U.S. & Canada$1.05B-2.8%

Latin America$310.8M+17.3%

Africa & APAC$268.5M+15.8%

Data Centers$183.3M+15.3%

Europe$163.3M+11.8%

Services$27.9M-45.7%

Other financials

Income statement

See full

Revenue$2.7B+4.7%

Operating income$1.3B+5.9%

Net income$887.5M+133%

EPS (diluted)$1.86+138%

Balance sheet

See full

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

See full

Operating cash flow$1.5B+16.0%

CapEx$320.9M+5.4%

Free cash flow$1.2B+19.3%

Valuation

See full

Market cap$81.29B-16.7%

Enterprise value$124.52B+18.0%

P/E23.1×-50.3×

P/S7.4×-2.1×

Profitability

See full

Gross margin99.5%—

Operating margin44.8%-0.7pp

Net margin32.1%+19.2pp

FCF margin36.2%-0.3pp

Returns & leverage

See full

Return on equity94.6%+59.5pp

Debt / equity12.1×+9.4×

Current ratio0.4×-0.3×

Where this comes from

Calculated from American Tower’s reported figures.

$2.0Btotal revenue−$7.9Mtotal cost of revenue=$1.99B

The official record: American Tower’s 10-Q, filed April 29, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.