AMT
American Tower Corp
NYSE: AMT · REAL ESTATE · REIT - SPECIALTY
$178.19
-0.12% today
Updated 2026-04-29
Market cap
$85.12B
P/E ratio
29.47
P/S ratio
7.87x
EPS (TTM)
$6.20
Dividend yield
3.87%
52W range
$163 – $228
Volume
3.2M
American Tower Corp (AMT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.46B | $1.59B | $1.72B | $1.99B | $2.44B | $2.88B | $3.36B | $4.10B | $4.77B | $5.79B | $6.66B | $7.44B | $7.58B | $8.04B | $9.36B | $9.65B | $10.01B | $10.13B | $10.65B |
| Revenue growth (YoY) | — | +10.6% | +9.4% | +8.2% | +15.2% | +23.1% | +17.7% | +16.9% | +22.0% | +16.4% | +21.3% | +15.2% | +11.6% | +1.9% | +6.1% | +16.4% | +3.1% | +3.8% | +1.1% | +5.1% |
| Cost of revenue | $343.54M | $359.62M | $389.86M | $416.38M | $474.59M | $620.96M | $720.72M | $858.33M | $1.09B | $1.31B | $1.79B | $2.05B | $2.18B | $2.21B | $2.23B | $2.68B | $2.57B | $2.56B | $2.57B | $2.80B |
| Gross profit | $973.85M | $1.10B | $1.20B | $1.31B | $1.51B | $1.82B | $2.16B | $2.50B | $3.01B | $3.46B | $4.00B | $4.61B | $5.26B | $5.37B | $5.81B | $6.67B | $7.08B | $7.45B | $7.55B | $7.84B |
| Gross margin | 73.9% | 75.3% | 75.5% | 75.8% | 76.1% | 74.6% | 74.9% | 74.5% | 73.4% | 72.6% | 69.1% | 69.2% | 70.7% | 70.8% | 72.3% | 71.3% | 73.4% | 74.4% | 74.6% | 73.7% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $159.32M | $186.48M | $180.37M | $201.69M | $229.77M | $288.82M | $329.06M | $417.09M | $448.38M | $499.89M | $545.83M | $639.90M | $736.50M | $733.20M | $781.70M | $811.60M | $972.30M | $964.50M | $933.40M | $944.20M |
| Operating income | $286.47M | $378.36M | $606.75M | $672.26M | $784.38M | $920.13M | $1.12B | $1.21B | $1.49B | $1.61B | $1.85B | $2.00B | $1.91B | $2.69B | $2.89B | $3.13B | $2.74B | $3.13B | $4.52B | $4.88B |
| Operating margin | 21.7% | 26.0% | 38.1% | 39.0% | 39.5% | 37.7% | 38.9% | 36.1% | 36.3% | 33.8% | 32.0% | 30.0% | 25.6% | 35.5% | 35.9% | 33.5% | 28.4% | 31.2% | 44.6% | 45.8% |
| EBITDA | $824.24M | $909.08M | $1.03B | $1.09B | $1.26B | $1.38B | $1.75B | $1.80B | $2.45B | $2.71B | $3.37B | $3.72B | $4.09B | $4.51B | $4.50B | $6.03B | $6.58B | $6.00B | $7.15B | $6.12B |
| EBITDA margin | 62.6% | 62.4% | 64.7% | 63.0% | 63.7% | 56.3% | 60.8% | 53.6% | 59.8% | 56.8% | 58.2% | 55.8% | 55.0% | 59.5% | 55.9% | 64.5% | 68.2% | 60.0% | 70.6% | 57.5% |
| EBIT | $286.47M | $378.36M | $625.50M | $671.29M | $803.53M | $820.22M | $1.10B | $1.00B | $1.45B | $1.43B | $1.84B | $2.01B | $1.98B | $2.73B | $2.61B | $3.70B | $3.22B | $2.92B | $5.03B | $4.06B |
| Interest expense | $14.21M | $14.21M | $253.58M | $249.80M | $246.02M | $311.85M | $387.41M | $436.06M | $569.69M | $584.74M | $718.29M | $750.80M | $825.60M | $814.20M | $793.50M | $870.90M | $1.14B | $1.39B | $1.40B | $1.02B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $27.48M | $56.32M | $347.25M | $246.59M | $372.94M | $392.69M | $637.28M | $551.33M | $824.91M | $685.07M | $956.42M | $1.24B | $1.24B | $1.89B | $1.69B | $2.57B | $1.77B | $1.48B | $2.25B | $2.53B |
| Net income growth (YoY) | — | +104.9% | +516.6% | -29.0% | +51.2% | +5.3% | +62.3% | -13.5% | +49.6% | -17.0% | +39.6% | +29.5% | -0.2% | +52.7% | -10.4% | +51.9% | -31.2% | -16.0% | +52.0% | +12.2% |
| Profit margin | 2.1% | 3.9% | 21.8% | 14.3% | 18.8% | 16.1% | 22.2% | 16.4% | 20.1% | 14.4% | 16.5% | 18.6% | 16.6% | 24.9% | 21.0% | 27.4% | 18.3% | 14.8% | 22.3% | 23.8% |