American Tower Corporation (REIT) (AMT) reported $11.01B of revenue for the twelve months ended Sep 30, 2026. That is up 5.3% from the year before. Revenue for fiscal 2025 was $10.64B.

Yes. American Tower Corporation (REIT) earned $3.31B in net income for the twelve months ended Sep 30, 2026, a net margin of 30.1%.

How much cash and debt does AMT have?

American Tower Corporation (REIT) reported $1.87B in cash and cash equivalents and $37.58B of debt on its most recent balance sheet in SEC filings.

How fast is AMT revenue growing?

American Tower Corporation (REIT)'s revenue changed +5.1% in fiscal 2025, to $10.64B. Its compound annual growth rate was +5.8% over 5 years and +8.4% over 10 years.

What is AMT free cash flow?

American Tower Corporation (REIT) generated $3.96B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.71B less capital expenditures.

What is AMT earnings per share?

Diluted earnings per share were $7.10 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did AMT last report financial results?

The latest statements here come from American Tower Corporation (REIT)'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.

Financials · AMT

American Tower Corporation (REIT) (AMT) financials

For the twelve months ended Sep 30, 2026, American Tower Corporation (REIT) reported $11.01B of revenue and $3.31B of net income.

Revenue, TTM: $11.01B
Revenue growth, YoY: +5.3%
Net income, TTM: $3.31B
Net income growth, YoY: +12.8%
Net margin: 30.1%
Free cash flow, TTM: $3.96B
EPS, diluted, TTM: $7.10
EPS growth, YoY: +13.4%
Cash: $1.87B
Total debt: $37.58B
P/E: 27.15
P/S: 8.17
Market cap: $89.97B

Annual revenue$10.64B

FY2016FY2025

Annual net income$2.53B

FY2016FY2025

Annual free cash flow$3.78B

FY2016FY2025

AMT revenue and earnings growth

AMT revenueQ3 2026$2.79B

Quarter YoY: +2.5%
QoQ: +1.3%
FY YoY: +5.1%
5Y CAGR: +5.8%
10Y CAGR: +8.4%

AMT revenue was $2.79B in fiscal Q3 2026 (ended Sep 30, 2026), up 2.5% from a year earlier and up 1.3% from the prior quarter. For the full fiscal 2025 it was $10.64B, up 5.1% from fiscal 2024. Compound annual growth was +5.8% over 5 years and +8.4% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AMT net incomeQ3 2026$765.80M

Quarter YoY: -10.3%
QoQ: -11.7%
FY YoY: +12.2%
5Y CAGR: +8.4%
10Y CAGR: +14.0%

AMT net income was $765.80M in fiscal Q3 2026 (ended Sep 30, 2026), down 10.3% from a year earlier and down 11.7% from the prior quarter. For the full fiscal 2025 it was $2.53B, up 12.2% from fiscal 2024. Compound annual growth was +8.4% over 5 years and +14.0% over 10 years. It rose in 6 of the last 10 fiscal years.

AMT EPSQ3 2026$1.64

Quarter YoY: -9.9%
QoQ: -11.8%
FY YoY: +12.0%
5Y CAGR: +7.3%
10Y CAGR: +14.4%

AMT diluted EPS was $1.64 in fiscal Q3 2026 (ended Sep 30, 2026), down 9.9% from a year earlier and down 11.8% from the prior quarter. For the full fiscal 2025 it was $5.40, up 12.0% from fiscal 2024. Compound annual growth was +7.3% over 5 years and +14.4% over 10 years.

AMT free cash flowQ3 2026$995.40M

Quarter YoY: +0.1%
QoQ: -14.6%
FY YoY: +2.2%
5Y CAGR: +5.8%
10Y CAGR: +10.2%

AMT free cash flow was $995.40M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.1% from a year earlier and down 14.6% from the prior quarter. For the full fiscal 2025 it was $3.78B, up 2.2% from fiscal 2024. Compound annual growth was +5.8% over 5 years and +10.2% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$10.64B	$10.13B	$10.01B	$9.65B	$9.36B	$8.04B	$7.58B	$7.44B	$6.66B	$5.79B
Cost of revenue	-	-	-	-	-	-	$43.10M	$49.10M	$34.60M	$27.70M
Gross profit	-	-	-	-	-	-	$7.54B	$7.39B	$6.63B	$5.76B
Selling, general and admin	$940.70M	$933.40M	$946.00M	$902.10M	$811.60M	$778.70M	$730.40M	$733.20M	$637.00M	$543.40M
Operating income	$4.85B	$4.52B	$3.13B	$2.74B	$3.13B	$2.89B	$2.69B	$1.91B	$2.00B	$1.85B
Interest expense	$1.36B	$1.40B	$1.39B	$1.14B	$870.90M	$793.50M	$814.20M	$825.50M	$749.60M	-
Pre-tax income	$3.04B	$3.62B	$1.53B	$2.09B	$2.83B	$1.82B	$1.92B	$1.15B	$1.26B	$1.13B
Income tax	$415.70M	$366.30M	$90.80M	$112.80M	$261.80M	$129.60M	-$200.0K	-$110.10M	$30.70M	$155.50M
Net income	$2.53B	$2.25B	$1.48B	$1.77B	$2.57B	$1.69B	$1.89B	$1.24B	$1.24B	$956.40M
EPS, basic	$5.41	$4.83	$3.18	$3.83	$5.69	$3.81	$4.27	$2.79	$2.69	$2.00
EPS, diluted	$5.40	$4.82	$3.18	$3.82	$5.66	$3.79	$4.24	$2.77	$2.67	$1.98
Diluted shares	468.8M	468.1M	467.2M	462.8M	453.3M	446.1M	445.5M	443.0M	431.7M	429.3M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.47B	$2.11B	$1.75B	$2.14B	$2.34B	$1.86B	$1.58B	$1.30B	$954.90M	$936.50M
Short-term investments	-	-	-	-	-	-	-	$0	$1.00M	$4.00M
Receivables	$650.30M	$540.00M	$547.50M	$758.30M	$728.90M	$511.60M	$462.20M	$459.00M	$513.60M	$308.40M
Current assets	$2.74B	$3.18B	$3.71B	$3.62B	$3.73B	$2.91B	$2.55B	$2.39B	$2.04B	$1.69B
Goodwill	$12.26B	$11.77B	$12.08B	$12.08B	$13.35B	$7.28B	$6.18B	$5.50B	$5.64B	$5.07B
Total assets	$63.19B	$61.08B	$66.03B	$67.19B	$69.89B	$47.23B	$42.80B	$33.01B	$33.21B	$30.88B
Current liabilities	$6.91B	$7.08B	$7.25B	$8.31B	$9.07B	$3.66B	$5.49B	$4.69B	$2.51B	$1.63B
Short-term debt	$3.39B	$3.69B	$3.07B	$4.51B	$4.57B	$789.80M	$2.93B	$2.75B	$774.80M	$238.80M
Long-term debt	$33.83B	$32.81B	$35.73B	$34.16B	$38.69B	$28.50B	$21.13B	$18.41B	$19.43B	$18.29B
Total debt	$37.22B	$36.50B	$38.80B	$38.67B	$43.25B	$29.29B	$24.06B	$21.16B	$20.21B	$18.53B
Total liabilities	$52.84B	$51.43B	$55.16B	$54.79B	$60.82B	$42.45B	$36.21B	$26.11B	$25.26B	$22.81B
Shareholders' equity	$3.65B	$9.65B	$10.87B	$12.41B	$9.07B	$4.57B	$5.49B	$5.90B	$6.83B	$6.98B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$5.46B	$5.29B	$4.72B	$3.70B	$4.82B	$3.88B	$3.75B	$3.75B	$2.93B	$2.70B
Capital expenditures	$1.68B	$1.59B	$1.80B	$1.87B	$1.38B	$1.03B	$991.30M	$913.20M	$803.60M	$682.50M
Free cash flow	$3.78B	$3.70B	$2.92B	$1.82B	$3.44B	$2.85B	$2.76B	$2.84B	$2.12B	$2.02B
Investing cash flow	-$1.86B	$410.60M	-$1.70B	-$2.36B	-$20.69B	-$4.78B	-$3.99B	-$2.75B	-$2.80B	-$2.10B
Financing cash flow	-$4.21B	-$5.45B	-$3.10B	-$1.42B	$16.42B	$1.22B	$521.70M	-$607.70M	-$113.00M	-$99.30M
Dividends paid	$3.18B	$3.03B	$3.01B	$2.72B	$2.27B	$1.93B	$1.60B	$1.32B	$1.07B	$886.10M
Share repurchases	$364.60M	$0	$0	$18.80M	$0	$56.00M	$19.60M	$232.80M	$766.30M	$0
Stock-based compensation	$174.20M	$203.60M	$195.70M	$169.30M	$119.50M	$120.80M	$111.40M	$137.50M	$108.50M	$89.90M
Depreciation and amortization	$2.04B	$2.03B	$2.93B	$3.16B	$2.33B	$1.88B	$1.78B	$2.11B	$1.72B	$1.53B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.1%	1.1%	3.8%	3.1%	16.4%	6.1%	1.9%	11.6%	15.2%	21.3%
Net income growth, YoY	12.2%	52.0%	-16.0%	-31.2%	51.9%	-10.4%	52.7%	-0.2%	29.5%	39.6%
EPS growth, YoY	12.0%	51.6%	-16.8%	-32.5%	49.3%	-10.6%	53.1%	3.7%	34.8%	40.4%
Gross margin	-	-	-	-	-	-	99.4%	99.3%	99.5%	99.5%
Operating margin	45.5%	44.6%	31.2%	28.4%	33.5%	35.9%	35.5%	25.6%	30.0%	32.0%
Net margin	23.8%	22.3%	14.8%	18.3%	27.4%	21.0%	24.9%	16.6%	18.6%	16.5%
Free cash flow margin	35.5%	36.5%	29.2%	18.9%	36.8%	35.4%	36.4%	38.1%	31.8%	34.9%
Return on equity	69.3%	23.4%	13.7%	14.2%	28.3%	37.0%	34.4%	21.0%	18.1%	13.7%
Return on assets	4.0%	3.7%	2.2%	2.6%	3.7%	3.6%	4.4%	3.7%	3.7%	3.1%
Current ratio	0.40	0.45	0.51	0.44	0.41	0.79	0.47	0.51	0.81	1.04
Debt to equity	10.19	3.78	3.57	3.12	4.77	6.41	4.38	3.59	2.96	2.66

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue	$2.79B	$2.75B	$2.74B	$2.74B	$2.72B	$2.63B	$2.56B	$2.55B	$2.52B	$2.54B	$2.51B	$2.46B
Selling, general and admin	$228.20M	$233.80M	$257.40M	$236.50M	$233.00M	$233.70M	$237.50M	$243.10M	$227.70M	$218.30M	$244.30M	$245.20M
Operating income	$1.27B	$1.27B	$1.24B	$1.16B	$1.23B	$1.20B	$1.25B	$1.08B	$1.14B	$1.16B	$1.14B	$612.80M
Interest expense	$366.10M	$354.50M	$347.30M	$344.40M	$347.10M	$342.60M	$325.30M	$321.20M	$356.80M	$362.70M	$363.80M	$347.60M
Pre-tax income	$898.40M	$1.01B	$1.02B	$964.90M	$950.00M	$511.80M	$617.50M	$1.31B	$550.50M	$847.30M	$921.30M	-$68.80M
Income tax	$117.60M	$121.80M	$139.60M	$128.10M	$37.40M	$131.30M	$118.90M	$75.20M	$122.40M	$77.40M	$91.30M	-$7.60M
Net income	$765.80M	$867.50M	$859.50M	$820.70M	$853.30M	$366.80M	$488.70M	$1.23B	-$792.30M	$900.30M	$917.40M	$84.90M
EPS, basic	$1.65	$1.86	$1.84	$1.76	$1.82	$0.78	$1.05	$2.63	-$1.70	$1.93	$1.97	$0.18
EPS, diluted	$1.64	$1.86	$1.84	$1.76	$1.82	$0.78	$1.04	$2.62	-$1.69	$1.92	$1.96	$0.18
Diluted shares	465.8M	466.3M	466.8M	-	469.0M	468.8M	468.5M	-	468.3M	467.8M	467.7M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Cash and equivalents	$1.87B	$1.76B	$1.61B	$1.47B	$1.95B	$2.08B	$2.10B	$2.11B	$2.15B	$2.16B	$2.22B	$1.75B
Receivables	$622.20M	$650.90M	$718.90M	$650.30M	$737.00M	$772.10M	$683.30M	$540.00M	$537.80M	$712.30M	$738.40M	$547.50M
Current assets	$3.15B	$3.12B	$2.96B	$2.74B	$3.54B	$3.60B	$3.51B	$3.18B	$3.40B	$4.11B	$4.24B	$3.71B
Goodwill	$12.13B	$12.18B	$12.19B	$12.26B	$12.26B	$12.25B	$11.92B	$11.77B	$12.05B	$12.48B	$12.56B	$12.08B
Total assets	$62.98B	$63.30B	$63.23B	$63.19B	$63.89B	$63.75B	$62.06B	$61.08B	$62.82B	$65.84B	$66.68B	$66.03B
Current liabilities	$8.93B	$8.87B	$9.72B	$6.91B	$5.99B	$5.86B	$6.32B	$7.08B	$7.07B	$6.89B	$6.73B	$7.25B
Short-term debt	$5.36B	$5.23B	$6.12B	$3.39B	$2.39B	$2.29B	$2.82B	$3.69B	$3.73B	$3.33B	$3.07B	$3.07B
Long-term debt	$32.22B	$31.96B	$31.20B	$33.83B	$34.85B	$35.19B	$34.05B	$32.81B	$33.37B	$35.64B	$36.19B	$35.73B
Total debt	$37.58B	$37.19B	$37.32B	$37.22B	$37.24B	$37.48B	$36.86B	$36.50B	$37.10B	$38.97B	$39.26B	$38.80B
Total liabilities	$53.21B	$53.05B	$53.08B	$52.84B	$53.12B	$53.28B	$52.12B	$51.43B	$52.62B	$55.41B	$56.02B	$55.16B
Shareholders' equity	$3.52B	$10.25B	$10.15B	$3.65B	$10.77B	$10.48B	$9.94B	$9.65B	$10.19B	$10.42B	$10.66B	$10.87B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Operating cash flow	$1.39B	$1.49B	$1.40B	$1.43B	$1.46B	$1.28B	$1.29B	$1.20B	$1.47B	$1.34B	$1.28B	$1.14B
Capital expenditures	$397.40M	$320.90M	$449.50M	$579.20M	$465.50M	$304.60M	$331.10M	$443.40M	$424.70M	$325.20M	$396.70M	$524.60M
Free cash flow	$995.40M	$1.17B	$951.10M	$848.30M	$994.50M	$976.90M	$963.90M	$755.60M	$1.04B	$1.01B	$886.90M	$617.30M
Investing cash flow	-$533.20M	-$360.00M	-$473.70M	-$468.10M	-$550.50M	-$491.10M	-$350.10M	-$360.70M	$1.30B	-$89.20M	-$436.10M	-$529.90M
Financing cash flow	-$731.10M	-$971.70M	-$831.00M	-$1.44B	-$1.01B	-$906.70M	-$843.80M	-$908.50M	-$3.13B	-$1.03B	-$390.20M	-$815.90M
Dividends paid	$834.10M	$833.90M	$792.90M	$796.10M	$796.00M	$795.80M	$757.10M	$757.00M	$756.70M	$756.50M	$792.70M	$755.20M
Share repurchases	$300.10M	$26.70M	$176.20M	$364.60M	$0	$0	$0	-	-	-	-	-
Stock-based compensation	$31.50M	$34.20M	$58.40M	$31.60M	$41.90M	$47.30M	$53.40M	$41.90M	$50.50M	$46.30M	$64.90M	$37.70M
Depreciation and amortization	$519.40M	$514.40M	$518.20M	$515.90M	$522.90M	$510.30M	$492.50M	$500.90M	$498.50M	$520.60M	$508.80M	$724.90M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue growth, YoY	2.5%	4.7%	6.8%	7.5%	7.7%	3.2%	2.0%	3.7%	0.0%	1.2%	-0.3%	49.8%
Net income growth, YoY	-10.3%	136.5%	75.9%	-33.3%	-	-59.3%	-46.7%	1348.3%	-	89.3%	173.2%	-
EPS growth, YoY	-9.9%	138.5%	76.9%	-32.8%	-	-59.4%	-46.9%	1355.6%	-	88.2%	172.2%	-
Operating margin	45.6%	46.2%	45.3%	42.4%	45.4%	45.6%	48.9%	42.4%	45.2%	45.4%	45.4%	25.0%
Net margin	27.5%	31.6%	31.4%	30.0%	31.4%	14.0%	19.1%	48.3%	-31.4%	35.4%	36.5%	3.5%
Free cash flow margin	35.7%	42.4%	34.7%	31.0%	36.6%	37.2%	37.6%	29.7%	41.4%	39.8%	35.3%	25.1%
Current ratio	0.35	0.35	0.30	0.40	0.59	0.61	0.55	0.45	0.48	0.60	0.63	0.51
Debt to equity	10.69	3.63	3.68	10.19	3.46	3.58	3.71	3.78	3.64	3.74	3.68	3.57

Source: XBRL data American Tower Corporation (REIT) files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AMT peers

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AMT	$11.01B	+5.3%	$3.31B	30.1%	$89.97B
WELLWelltower Inc.	$13.79B	+39.2%	$1.67B	12.1%	$180.05B
PLDPrologis Inc.	$8.95B	+6.7%	$3.71B	41.5%	$122.19B
EQIXEquinix Inc.	$10.06B	+11.1%	$1.65B	16.4%	$98.73B
SPGSimon Property Group Inc.	$6.94B	+15.0%	$4.62B	66.5%	$73.30B
DLRDigital Realty Trust Inc.	$6.34B	+12.6%	$1.38B	21.7%	$66.08B
PSAPublic Storage	$5.03B	+5.2%	$1.90B	37.8%	$63.62B
ORealty Income Corporation	$6.21B	+10.8%	$1.36B	21.8%	$56.58B
VMRKVivmark Residential	$3.13B	+2.8%	$875.36M	28.0%	$51.38B

AMT FAQ

8 questions

What is AMT revenue?
American Tower Corporation (REIT) (AMT) reported $11.01B of revenue for the twelve months ended Sep 30, 2026. That is up 5.3% from the year before. Revenue for fiscal 2025 was $10.64B.
Is AMT profitable?
Yes. American Tower Corporation (REIT) earned $3.31B in net income for the twelve months ended Sep 30, 2026, a net margin of 30.1%.
How much cash and debt does AMT have?
American Tower Corporation (REIT) reported $1.87B in cash and cash equivalents and $37.58B of debt on its most recent balance sheet in SEC filings.
How fast is AMT revenue growing?
American Tower Corporation (REIT)'s revenue changed +5.1% in fiscal 2025, to $10.64B. Its compound annual growth rate was +5.8% over 5 years and +8.4% over 10 years.
What is AMT free cash flow?
American Tower Corporation (REIT) generated $3.96B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.71B less capital expenditures.
What is AMT earnings per share?
Diluted earnings per share were $7.10 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did AMT last report financial results?
The latest statements here come from American Tower Corporation (REIT)'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
Where does this AMT financial data come from?
Quantisnow builds these statements from the structured XBRL data American Tower Corporation (REIT) files with the SEC. It is provided for information only and is not investment advice.