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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	45.5%+0.9pp	44.6%+13.4pp	31.2%+2.8pp	28.4%-5.1pp
Net margin	24.7%+2.2pp	22.5%+8.1pp	14.4%—	——
EBITDA margin	64.7%-0.7pp	65.4%+3.4pp	62%-1.1pp	63.2%+4.8pp
Free cash flow margin	35.5%-1.0pp	36.5%+7.3pp	29.2%+10.3pp	18.9%-17.9pp
Returns
Return on equity	74.7%+14.6pp	60.1%+30.7pp	29.4%—	——
Return on assets	4.2%+0.6pp	3.6%+1.4pp	2.2%—	——
Return on invested capital	32.3%+0.6pp	31.7%+10.9pp	20.8%+4.5pp	16.4%-4.6pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.1×0.0×
Liquidity
Current ratio	0.4×-0.1×	0.4×-0.1×	0.5×+0.1×	0.4×0.0×
Quick ratio	0.4×-0.1×	0.4×-0.1×	0.5×+0.1×	0.4×0.0×
Cash ratio	0.2×-0.1×	0.3×0.0×	0.2×+0.1×	0.2×0.0×
Leverage
Debt-to-equity	3.1×-0.2×	3.3×+0.8×	2.5×+0.2×	2.3×-0.3×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	1.4×0.0×	1.4×0.0×	1.4×-0.4×	1.9×-0.2×
Interest coverage	3.6×+0.3×	3.2×+1.0×	2.2×-0.2×	2.4×-1.2×
Per Share
Book value per share	$7.79+7.8%	$7.23-19.6%	$8.99-25.4%	$12.04+7.4%
Valuation
Market capitalization	$82.19B-4.1%	$85.71B-14.8%	$100.64B+2.0%	$98.64B-25.9%
Enterprise value	$91.87B-3.2%	$94.87B-13.3%	$109.48B-0.5%	$110.02B-23.9%
Price / earnings	31.3×-6.3×	37.6×-32.3×	69.9×—	——
Price / sales	7.7×-0.7×	8.5×-1.6×	10.1×-0.2×	10.2×-4.0×
Price / book	22.5×-2.8×	25.3×+1.4×	24×+6.3×	17.7×-8.5×
EV / EBITDA	13.3×-1.0×	14.3×-3.3×	17.6×-0.4×	18.1×-8.4×
EV / sales	8.6×-0.7×	9.4×-1.6×	10.9×-0.5×	11.4×-4.0×
Free cash flow yield	4.6%+0.3pp	4.3%+1.4pp	2.9%+1.1pp	1.8%-0.7pp
Earnings yield	3.2%+0.5pp	2.7%+1.2pp	1.4%—	——
PEG ratio	2×+1.4×	0.6×—	——	——

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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.