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Net margin at other companies

SBA Communications logo
SBA CommunicationsSBAC
35.7%+5.3pp
Crown Castle logo
Crown CastleCCI
25.1%+13.9pp
Equinix, Inc. logo
Equinix, Inc.EQIX
15.1%+4.4pp
Digital Realty logo
Digital RealtyDLR
21.4%+10.6pp
Realty Income logo
Realty IncomeO
19.1%+0.9pp
MTZ
MasTecMTZ
2.9%+1.2pp

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

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 net margin?
American Tower (AMT) reported net margin of 27.8% in Q1 2026.
How has American Tower's net margin changed year-over-year?
American Tower's net margin increased by 52.5% year-over-year, from 18.2% to 27.8%.
What is the long-term trend for American Tower's net margin?
Over 2 years (2021 to 2025), American Tower's net margin has grown at a -9.8% compound annual growth rate (CAGR), from 104.1% to 84.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.