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American Tower AMT Price / earnings

Price / earnings at other companies

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SBA CommunicationsSBAC
17.9×-11.2×
Crown Castle logo
Crown CastleCCI
33.5×
Equinix, Inc. logo
Equinix, Inc.EQIX
67.7×-16.6×
Digital Realty logo
Digital RealtyDLR
40.6×-57.0×
Realty Income logo
Realty IncomeO
50.5×-2.4×
MTZ
MasTecMTZ
56.4×+13.1×

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/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 price / earnings?
American Tower (AMT) reported price / earnings of 26.7× in Q1 2026.
How has American Tower's price / earnings changed year-over-year?
American Tower's price / earnings decreased by 51.2% year-over-year, from 54.8× to 26.7×.
What is the long-term trend for American Tower's price / earnings?
Over 2 years (2021 to 2025), American Tower's price / earnings has grown at a -4.3% compound annual growth rate (CAGR), from 212.7× to 194.8×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.