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%—	——
Returns
Return on equity	74.7%+14.6pp	60.1%+30.7pp	29.4%—	——
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×
Leverage
Debt-to-equity	3.1×-0.2×	3.3×+0.8×	2.5×+0.2×	2.3×-0.3×
Net debt / EBITDA	1.4×0.0×	1.4×0.0×	1.4×-0.4×	1.9×-0.2×
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%
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×

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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.