AMTAmerican Tower Corporation

$87B

Q4 2025 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.7B+7.5% YoY

Gross Profit

$1.9B70.7% margin

Operating Income

$1.2B42.4% margin

Net Income

$821M30.0% margin

EPS (Diluted)

$1.75

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$848M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$63.2B

Total Liabilities

$52.8B

Stockholders' Equity

$3.7B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.7B	$2.5B	+7.5%
Gross Profit	$1.9B	$1.9B	+2.2%
Operating Income	$1.2B	$1.1B	+7.5%
Net Income	$821M	$1.2B	-33.2%

Revenue Segments

Property

$2.7B98%

Services Revenue

$64M2%

Geographic Segments

UNITED STATES

$1.4B48%

Property, Latin America

$438M15%

Property, Africa

$382M13%

Property, Data Centers

$281M10%

Property, Europe

$248M9%

Services Segment

$139M5%

AMT Q4 2025 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena