What are American Tower's profit margins?

American Tower (AMT) runs a 99.5% gross margin and a 44.7% operating margin, with a 27.8% net margin.

Where do American Tower's ratios come from?

Every ratio is computed from American Tower's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

American Tower AMT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	44.7%-0.9pp	45.5%-0.1pp	45.6%+0.1pp	45.5%0.0pp	45.5%+0.9pp
Net margin	27.8%+3.1pp	24.7%-4.2pp	28.9%+16.0pp	12.9%-5.3pp	18.2%-4.3pp
Returns
Return on equity	85.3%+10.5pp	74.7%-4.8pp	79.6%+44.5pp	35.1%-13.9pp	49%-11.2pp
Return on invested capital	30.5%-1.8pp	32.3%-1.6pp	33.9%+2.3pp	31.6%-0.7pp	32.3%+0.5pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	0.3×-0.1×	0.4×-0.2×	0.6×0.0×	0.6×+0.1×	0.6×+0.1×
Leverage
Debt-to-equity	4×+0.9×	3.1×+0.5×	2.6×-0.1×	2.7×-0.2×	2.9×-0.4×
Net debt / EBITDA	1.8×+0.4×	1.4×+0.2×	1.2×0.0×	1.2×0.0×	1.2×-0.1×
Per Share
Book value per share	$7.55-3.2%	$7.79-7.5%	$8.43+6.4%	$7.92+5.0%	$7.54+4.4%
Valuation
Market capitalization	$80.44B-2.1%	$82.19B-8.7%	$90.05B-14.1%	$104.82B+3.0%	$101.72B+18.7%
Price / earnings	26.7×-4.5×	31.3×+1.5×	29.8×-49.1×	78.9×+24.1×	54.8×+17.2×
Price / sales	7.4×-0.3×	7.7×-0.9×	8.6×-1.6×	10.2×+0.2×	10×+1.5×
Price / book	22.8×+0.3×	22.5×-0.3×	22.8×-5.4×	28.2×-0.5×	28.8×+3.4×
EV / EBITDA	13.4×+0.1×	13.3×-1.1×	14.5×-2.4×	16.9×+0.4×	16.5×+2.1×

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Questions, answered.

What are American Tower's profit margins?: American Tower (AMT) runs a 99.5% gross margin and a 44.7% operating margin, with a 27.8% net margin.
Where do American Tower's ratios come from?: Every ratio is computed from American Tower's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.