AMTAmerican Tower Corporation

$87B

Q2 2025 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.6B-9.4% YoY

Gross Profit

$1.9B73.8% margin

Operating Income

$1.2B45.6% margin

Net Income

$367M14.0% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$977M

Stock-Based Comp.

$47M

Balance Sheet

Total Assets

$63.8B

Total Liabilities

$53.3B

Stockholders' Equity

$3.7B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.9B	-9.4%
Gross Profit	$1.9B	$2.1B	-6.7%
Operating Income	$1.2B	$1.3B	-6.7%
Net Income	$367M	$900M	-59.3%

Revenue Segments

Property

$2.5B96%

Services Revenue

$100M4%

Geographic Segments

UNITED STATES

$1.4B52%

Property, Latin America

$389M14%

Property, Africa

$336M12%

Property, Data Centers

$262M10%

Property, Europe

$233M9%

Services Segment

$100M4%

AMT Q2 2025 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena