◆ TICKERBASE · US STOCK FINANCIAL DATA LIBRARY

Home › All stocks › AMT

American Tower Corp (AMT) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · Telecom Tower REITs · DATA UPDATED 2026-07-13

American Tower Corp (AMT) operates in the Telecom Tower REITs industry and is headquartered in Boston, United States with about 4,866 employees. Its market capitalization is roughly $78 billion. In the fiscal year ended 2025-12-31, AMT reported $10.6B in revenue and $2.5B in net income.

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate.

Interactive charts & full statements → Open the AMT valuation workbench →

AMT Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$10.8B	$10.6B	$10.1B	$10.0B	$9.6B	$9.4B	$8.0B	$7.6B	$7.4B	$6.7B	$5.8B	$4.8B	$4.1B	$3.4B	$2.9B	$2.4B	$2.0B	$1.7B	$1.6B	$1.5B	$1.3B
Gross Profit	$7.9B	$7.8B	$7.6B	$7.5B	$7.1B	$6.7B	$5.8B	$5.4B	$5.3B	$4.6B	$4.0B	$3.5B	$3.0B	$2.5B	$2.2B	$1.8B	$1.5B	$1.3B	$1.2B	$1.1B	$974M
Gross Margin %	73.4%	73.7%	74.6%	74.4%	73.4%	71.3%	72.3%	70.8%	70.7%	69.2%	69.1%	72.6%	73.4%	74.5%	74.9%	74.6%	76.1%	75.8%	75.5%	75.3%	73.9%
Operating Income (EBIT)	$4.8B	$4.9B	$4.5B	$3.1B	$2.7B	$3.1B	$2.9B	$2.7B	$1.9B	$2.0B	$1.9B	$1.6B	$1.5B	$1.2B	$1.1B	$920M	$784M	$672M	$607M	$378M	$286M
Operating Margin %	44.2%	45.9%	44.6%	31.2%	28.4%	33.5%	35.9%	35.5%	25.6%	30.0%	32.0%	33.8%	36.3%	36.1%	38.9%	37.7%	39.5%	39.0%	38.1%	26.0%	21.8%
Net Income	$2.9B	$2.5B	$2.3B	$1.5B	$1.8B	$2.6B	$1.7B	$1.9B	$1.2B	$1.2B	$956M	$685M	$825M	$551M	$637M	$393M	$373M	$247M	$347M	$56M	$27M
Net Margin %	26.6%	23.8%	22.3%	14.8%	18.3%	27.4%	21.0%	24.9%	16.6%	18.6%	16.5%	14.4%	20.1%	16.4%	22.2%	16.1%	18.8%	14.3%	21.8%	3.9%	2.1%
EBITDA	$6.9B	$6.1B	$7.2B	$6.0B	$6.6B	$6.0B	$4.5B	$4.5B	$4.1B	$3.7B	$3.4B	$2.7B	$2.5B	$1.8B	$1.7B	$1.4B	$1.3B	$1.1B	$1.0B	$909M	$824M
Earnings Per Share (EPS)	$6.15	$5.39	$4.82	$3.18	$3.82	$5.66	$3.79	$4.24	$2.79	$2.87	$2.23	$1.62	$2.06	$1.38	$1.60	$0.98	$0.92	$0.61	$0.83	$0.13	$0.06
Shares Outstanding (M)	467M	469M	468M	467M	463M	453M	446M	446M	443M	432M	429M	423M	400M	399M	399M	400M	404M	407M	418M	426M	436M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AMT Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$2.7B	$2.7B	$2.7B	$2.6B	$2.6B	$2.5B	$2.5B	$2.9B
Gross Profit	$2.0B	$1.9B	$2.0B	$1.9B	$1.9B	$1.9B	$1.9B	$2.1B
Gross Margin %	73.9%	70.7%	75.1%	73.8%	75.2%	74.3%	74.2%	71.7%
Operating Income (EBIT)	$1.2B	$1.2B	$1.3B	$1.2B	$1.3B	$1.1B	$1.1B	$1.3B
Operating Margin %	42.4%	42.4%	46.7%	45.6%	48.9%	42.4%	45.2%	44.3%
Net Income	$837M	$821M	$853M	$367M	$489M	$1.2B	($792M)	$900M
Net Margin %	30.6%	30.0%	31.4%	14.0%	19.1%	48.3%	-31.4%	31.0%
EBITDA	$1.8B	$1.9B	$1.5B	$1.7B	$1.4B	$2.1B	$1.4B	$2.0B
Earnings Per Share (EPS)	$1.79	$1.75	$1.82	$0.78	$1.04	$2.63	$-1.69	$1.92
Shares Outstanding (M)	467M	469M	469M	469M	469M	468M	468M	468M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AMT Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$5.6B	$5.5B	$5.3B	$4.7B	$3.7B	$4.8B	$3.9B	$3.8B	$3.7B	$2.9B	$2.7B	$2.2B	$2.1B	$1.6B	$1.4B	$1.2B	$1.0B	$842M	$773M	$693M	$621M
Capital Expenditures (CapEx)	$1.8B	$1.7B	$1.6B	$1.8B	$1.9B	$1.4B	$1.0B	$991M	$913M	$804M	$683M	$729M	$974M	$725M	$568M	$523M	$347M	$250M	$243M	$154M	$127M
Free Cash Flow (FCF)	$3.8B	$3.8B	$3.7B	$2.9B	$1.8B	$3.4B	$2.9B	$2.8B	$2.8B	$2.1B	$2.0B	$1.5B	$1.2B	$875M	$846M	$643M	$674M	$592M	$530M	$538M	$494M
FCF Margin %	34.8%	35.5%	36.5%	29.2%	18.9%	36.8%	35.4%	36.4%	38.1%	31.8%	34.9%	30.5%	28.3%	26.0%	29.4%	26.3%	34.0%	34.3%	33.2%	37.0%	37.5%
Dividends Paid	$3.2B	$3.2B	$3.1B	$2.9B	$2.6B	$2.3B	$1.9B	$1.6B	$1.3B	$1.2B	$993M	$795M	$421M	$435M	$356M	$138M	$0M	$0M	—	$4.4B	$1.9B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AMT Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.4B	$1.4B	$1.5B	$1.3B	$1.3B	$1.2B	$1.5B	$1.3B
Capital Expenditures (CapEx)	$450M	$579M	$466M	$305M	$331M	$443M	$425M	$325M
Free Cash Flow (FCF)	$951M	$848M	$994M	$977M	$964M	$756M	$1.0B	$1.0B
FCF Margin %	34.7%	31.0%	36.6%	37.2%	37.6%	29.7%	41.4%	34.9%
Dividends Paid	$807M	$796M	$796M	$796M	$768M	$758M	$758M	$757M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AMT Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$63.2B	$63.2B	$61.1B	$66.0B	$67.2B	$69.9B	$47.2B	$42.8B	$33.0B	$33.2B	$30.9B	$26.9B	$21.3B	$20.3B	$14.1B	$12.2B	$10.4B	$8.5B	$8.2B	$8.1B	$8.6B
Cash & Cash Equivalents	$1.5B	$1.5B	$2.0B	$1.8B	$2.0B	$1.9B	$1.7B	$1.5B	$1.2B	$802M	$787M	$321M	$313M	$294M	$369M	$330M	$884M	$247M	$143M	$33M	$281M
Total Liabilities	$52.8B	$52.8B	$51.4B	$55.2B	$54.8B	$60.8B	$42.5B	$36.2B	$26.1B	$25.3B	$22.8B	$20.2B	$17.3B	$16.7B	$10.4B	$8.8B	$6.9B	$5.2B	$5.2B	$5.1B	$4.2B
Total Debt (Short + Long-Term)	$35.2B	$37.8B	$37.1B	$39.5B	$39.5B	$43.9B	$29.8B	$24.6B	$21.2B	$20.2B	$18.5B	$17.1B	$14.6B	$14.5B	$8.8B	$7.3B	$5.6B	$4.2B	$4.3B	$4.3B	$3.5B
Total Shareholders' Equity	$3.7B	$3.7B	$3.4B	$4.2B	$5.6B	$5.1B	$4.1B	$5.1B	$5.3B	$6.2B	$6.8B	$6.7B	$4.0B	$3.5B	$3.6B	$3.3B	$3.5B	$3.3B	$3.0B	$3.0B	$4.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AMT viewer.

Other Companies in Telecom Tower REITs

CCI · Crown Castle — $33 billion
SBAC · SBA Communications — $18 billion

← AMST All stocks AMTB →

About TickerBase · Data methodology & sources

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.