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AMT (American Tower Corporation) Stock Financials & Earnings | Market Cap Arena
AMT
American Tower Corporation
Mkt Cap
$87B
Real Estate
·
REIT - Specialty
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$10.6B
Net Income (TTM)
$2.5B
EPS (TTM)
$5.39
Free Cash Flow (TTM)
$3.8B
Gross Margin
73.7%
Op. Margin
45.8%
Net Margin
23.8%
FCF Margin
35.5%
P/S Ratio (TTM)
8.2x
P/E Ratio (TTM)
34.3x
YoY Rev Growth
-1.5%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.8B
$2.0B
$776M
Q2 23
$2.8B
$1.9B
$874M
Q3 23
$2.5B
$1.9B
$913M
Q4 23
$2.8B
$2.0B
$717M
Q1 24
$2.8B
$2.0B
$1.2B
Q2 24
$2.9B
$2.1B
$1.3B
Q3 24
$2.5B
$1.9B
$1.1B
Q4 24
$2.5B
$1.9B
$1.1B
Q1 25
$2.6B
$1.9B
$1.3B
Q2 25
$2.6B
$1.9B
$1.2B
Q3 25
$2.7B
$2.0B
$1.3B
Q4 25
$2.7B
$1.9B
$1.2B
marketcaparena.com
Revenue Breakdown
AMT
American Tower Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
8.0x
62.5x
Q2 23
8.0x
89.7x
Q3 23
8.1x
121.5x
Q4 23
8.0x
58.5x
Q1 24
8.0x
42.0x
Q2 24
7.9x
34.9x
Q3 24
7.9x
78.2x
Q4 24
8.0x
38.5x
Q1 25
8.2x
47.5x
Q2 25
8.5x
67.2x
Q3 25
8.3x
29.5x
Q4 25
8.2x
34.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1.1B
$609M
Q2 23
$1.2B
$789M
Q3 23
$1.3B
$910M
Q4 23
$1.1B
$617M
Q1 24
$1.3B
$887M
Q2 24
$1.3B
$1.0B
Q3 24
$1.5B
$1.0B
Q4 24
$1.2B
$756M
Q1 25
$1.3B
$964M
Q2 25
$1.3B
$977M
Q3 25
$1.5B
$995M
Q4 25
$1.4B
$848M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$462M
Q2 23
$421M
Q3 23
$391M
Q4 23
$525M
Q1 24
$397M
Q2 24
$325M
Q3 24
$425M
Q4 24
$443M
Q1 25
$331M
Q2 25
$305M
Q3 25
$466M
Q4 25
$579M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+4.0%
+2.9%
Q2 23
+3.6%
+0.3%
Q3 23
-5.6%
-20.3%
Q4 23
+3.0%
-17.6%
Q1 24
+2.4%
-19.8%
Q2 24
+4.6%
-14.9%
Q3 24
+0.0%
-14.0%
Q4 24
-8.6%
-29.1%
Q1 25
-9.6%
-18.1%
Q2 25
-9.4%
-11.6%
Q3 25
+7.7%
+4.8%
Q4 25
+7.5%
+7.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$66M
2.4%
Q2 23
$49M
1.8%
Q3 23
$43M
1.7%
Q4 23
$38M
1.4%
Q1 24
$65M
2.3%
Q2 24
$46M
1.6%
Q3 24
$51M
2.0%
Q4 24
$42M
1.6%
Q1 25
$53M
2.1%
Q2 25
$47M
1.8%
Q3 25
$42M
1.5%
Q4 25
$32M
1.2%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
—
$264M
Q2 23
—
$244M
Q3 23
—
$220M
Q4 23
—
$252M
Q1 24
—
$257M
Q2 24
—
$234M
Q3 24
—
$228M
Q4 24
—
$243M
Q1 25
—
$238M
Q2 25
—
$234M
Q3 25
—
$233M
Q4 25
$240M
—
marketcaparena.com
Revenue Segments
Property
Services Revenue
Quarter
Property
Services Revenue
Q1 23
$2.7B
$53M
Q2 23
$2.7B
$43M
Q4 23
$2.8B
$21M
Q1 24
$2.8B
$30M
Q2 24
$2.9B
$47M
Q3 24
$2.5B
$52M
Q1 25
$2.5B
$75M
Q2 25
$2.5B
$100M
Q3 25
$2.6B
$101M
Q4 25
$2.7B
$64M
marketcaparena.com
Revenue by Geography
Property, Africa
Property, Asia-Pacific
Property, Data Centers
Property, Europe
Property, Latin America
United States
Services Segment
Quarter
Property, Africa
Property, Asia-Pacific
Property, Data Centers
Property, Europe
Property, Latin America
United States
Services Segment
Q1 23
$317M
$251M
$203M
$192M
$464M
$1.3B
—
Q2 23
$321M
$262M
$205M
$198M
$439M
$1.3B
—
Q4 23
$294M
$336M
$215M
$185M
$435M
$1.3B
—
Q1 24
$292M
$327M
$225M
$205M
$446M
$1.3B
—
Q2 24
$294M
$361M
$231M
$203M
$449M
$1.4B
—
Q3 24
$297M
$6M
$234M
$213M
$403M
$1.4B
—
Q1 25
$334M
—
$244M
$213M
$399M
$1.4B
—
Q2 25
$336M
—
$262M
$233M
$389M
$1.4B
$100M
Q3 25
$371M
—
$267M
$244M
$417M
$1.4B
$101M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.8B
$0
$1.8B
Q2 23
$2.0B
$0
$2.0B
Q3 23
$2.1B
$0
$2.1B
Q4 23
$1.8B
$0
$1.8B
Q1 24
$2.4B
$0
$2.4B
Q2 24
$2.5B
$0
$2.5B
Q3 24
$2.2B
$0
$2.2B
Q4 24
$2.0B
$0
$2.0B
Q1 25
$2.1B
$0
$2.1B
Q2 25
$2.1B
$0
$2.1B
Q3 25
$2.0B
$0
$2.0B
Q4 25
$1.5B
$0
$1.5B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
467M
+0.0%
Q2 23
467M
+0.0%
Q3 23
467M
+0.0%
Q4 23
467M
+0.1%
Q1 24
468M
+0.0%
Q2 24
468M
+0.0%
Q3 24
468M
+0.1%
Q4 24
468M
+0.0%
Q1 25
469M
+0.0%
Q2 25
469M
+0.0%
Q3 25
469M
+0.0%
Q4 25
469M
+0.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$1M
3K
FY 15
$1M
3K
FY 16
$1M
5K
FY 17
$1M
5K
FY 18
$1M
5K
FY 19
$1M
5K
FY 20
$1M
6K
FY 21
$1M
6K
FY 22
$2M
6K
FY 23
$2M
6K
FY 24
$2M
5K
FY 25
$2M
5K
marketcaparena.com