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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	44.7%-0.8pp	45.5%+0.9pp	45.6%+5.2pp	45.5%+7.4pp	45.5%+10.3pp
Net margin	27.8%+9.6pp	24.7%+2.2pp	28.9%+17.6pp	12.9%—	18.2%—
Returns
Return on equity	85.3%+36.3pp	74.7%+14.6pp	79.6%+51.8pp	35.1%—	49%—
Return on invested capital	30.5%-1.8pp	32.3%+0.6pp	33.9%+3.8pp	31.6%+4.5pp	32.3%+8.3pp
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×-0.3×	0.4×-0.1×	0.6×+0.1×	0.6×0.0×	0.6×-0.1×
Leverage
Debt-to-equity	4×+1.0×	3.1×-0.2×	2.6×-0.6×	2.7×-0.3×	2.9×0.0×
Net debt / EBITDA	1.8×+0.6×	1.4×0.0×	1.2×-0.2×	1.2×-0.3×	1.2×-0.3×
Per Share
Book value per share	$7.550.0%	$7.79+7.8%	$8.43+8.4%	$7.92-3.9%	$7.54-12.8%
Valuation
Market capitalization	$80.44B-20.9%	$82.19B-4.1%	$90.05B-17.1%	$104.82B+15.5%	$101.72B+10.4%
Price / earnings	26.7×-28.1×	31.3×-6.3×	29.8×-65.9×	78.9×—	54.8×—
Price / sales	7.4×-2.6×	7.7×-0.7×	8.6×-2.2×	10.2×+1.2×	10×+0.8×
Price / book	22.8×-5.9×	22.5×-2.8×	22.8×-7.0×	28.2×+4.7×	28.8×+6.0×
EV / EBITDA	13.4×-3.0×	13.3×-1.0×	14.5×-3.9×	16.9×+1.4×	16.5×+0.5×

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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.