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American Tower Corp AMT

US equity
$168.94
−$1.85 (-1.08%)
Market open · Sep 24, 2:00 pm ET
After hours $170.84 +0.04%
Open$171.11
Prev close$170.78
Day range$166.54 – $171.09
Volume1.13M
Market cap$82.87B
P/E (TTM)–
Dividend yield–

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$2.75B+4.7% YoY
Operating profit$1.27B+5.9% YoY
Net profit$887.50M+133.2% YoY
Diluted EPS$1.86+138.5% YoY
Free cash flow$1.17B+19.3% YoY
Operating cash flow$1.49B

Revenue, last 8 quarters

$2.5BSep '24$2.5BDec '24$2.6BMar '25$2.6BJun '25$2.7BSep '25$2.7BDec '25$2.7BMar '26$2.7BJun '26

Net profit, last 8 quarters

$-780.4MSep '24$1.2BDec '24$498.6MMar '25$380.5MJun '25$912.6MSep '25$836.8MDec '25$878.5MMar '26$887.5MJun '26

Diluted EPS by quarter

-1.70Sep '242.62Dec '241.04Mar '250.78Jun '251.82Sep '251.75Dec '251.84Mar '261.86Jun '26

Free cash flow by quarter

$1.0BSep '24$755.6MDec '24$963.9MMar '25$976.9MJun '25$994.5MSep '25$848.3MDec '25$951.1MMar '26$1.2BJun '26

Annual revenue

$8.0BFY20$9.4BFY21$9.6BFY22$10.0BFY23$10.1BFY24$10.6BFY25

Profitability & balance sheet

Gross margin73.8%
Operating margin45.6%
Net margin31.1%
Return on equity91.5%
Return on assets5.4%
Return on invested capital9.2%
Current ratio0.35
Liabilities / assets83.8%
Cash & investments$1.76B
Total debt$44.34B
Net cash (debt)-$42.57B
Free cash flow / sales36.2%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Property$2.69B 97.8%
  • Services$61.30M 2.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $2.75B $2.74B $10.64B $2.74B $2.72B
Total Operating Revenue $2.75B $2.74B $10.64B $2.74B $2.72B
Cost of Revenue $741.30M $703.30M $2.75B $714.10M $710.80M
Gross Profit $2.01B $2.03B $7.90B $2.02B $2.01B
Operating Expense $739.00M $795.00M $2.97B $779.30M $773.30M
Selling and Admin Expenses $233.80M $257.40M $940.70M $236.50M $233.00M
Depreciation & Amortization & Depletion $514.40M $518.20M $2.04B $515.90M $522.90M
-Depreciation & Amortization $514.40M $518.20M $2.04B $515.90M $522.90M
Other Operating Expenses -$9.20M $19.40M -$15.00M $26.90M $17.40M
Operating Profit $1.27B $1.24B $4.93B $1.24B $1.23B
Net Non-Operating Interest Income (Expense) -$310.10M -$311.30M -$1.23B -$304.00M -$311.00M
Non-Operating Interest Income $44.40M $36.00M $134.00M $40.40M $36.10M
Non-Operating Interest Expense $354.50M $347.30M $1.36B $344.40M $347.10M
Other Income (Expense) $50.60M $90.20M -$659.60M $24.80M $27.70M
Gain on Sale of Security $42.10M $68.10M -$809.40M $2.30M $18.00M
Special Income (Charges) -$3.20M – -$83.40M – –
-Less:Other Special Charges $3.20M – – – –
Other Non-Operating Income (Expenses) $11.70M $22.10M $233.20M $105.90M $9.70M
Pretax Profit $1.01B $1.02B $3.04B $964.90M $950.00M
Tax $121.80M $139.60M $415.70M $128.10M $37.40M
Net Profit $887.50M $878.50M $2.63B $836.80M $912.60M
Profit from Continuing Operations $887.50M $878.50M $2.63B $836.80M $912.60M
Minority Interests $20.00M $19.00M $99.00M $16.10M $59.30M
Net Income to Parent Company $867.50M $859.50M $2.53B $820.70M $853.30M
Net Income to Common Stockholders $867.50M $859.50M $2.53B $820.70M $853.30M
Basic EPS $1.86 $1.84 $5.41 $1.76 $1.82
Diluted EPS $1.86 $1.84 $5.40 $1.75 $1.82
Dividend Per Share $1.79 $1.79 $6.80 $1.70 $1.70
-Less:Impairment of Capital Assets – – $100.70M – –
-Gain on Sale of Property/Plant/Equipment – – $17.30M – –
Net Income from Discontinuous Operations – – $0.00 $0.00 $0.00

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $63.30B $63.23B $63.19B $63.19B $63.89B
Total Current Assets $3.12B $2.96B $2.74B $2.74B $3.54B
Cash and Cash Equivalents & Short-Term Investments $1.76B $1.61B $1.47B $1.47B $1.95B
-Cash and Cash Equivalents $1.76B $1.61B $1.47B $1.47B $1.95B
Receivables $889.60M $957.80M $889.60M $889.60M $1.00B
-Accounts Receivable $650.90M $718.90M $650.30M $650.30M $737.00M
-Taxes Receivable $38.30M $42.90M $44.50M $44.50M $40.60M
-Other Receivables $200.40M $196.00M $194.80M $194.80M $222.40M
Prepaid Assets $236.80M $166.80M $147.40M $147.40M $214.90M
Restricted Cash $130.10M $129.10M $130.40M $130.40M $150.10M
Other Current Assets $103.40M $93.90M $99.60M $99.60M $219.70M
Total Non-Current Assets $60.18B $60.28B $60.45B $60.45B $60.35B
Net PPE $29.04B $28.93B $28.78B $28.78B $28.56B
-Gross PPE $29.04B $28.93B $40.89B $40.89B $28.56B
Goodwill and Other Intangible Assets $26.16B $26.42B $26.79B $26.79B $27.00B
-Goodwill $12.18B $12.19B $12.26B $12.26B $12.26B
-Other Intangible Assets $13.98B $14.23B $14.53B $14.53B $14.74B
Non-Current Deferred Assets $3.95B $4.02B $4.00B $4.00B $3.98B
Other Non-Current Assets $1.03B $909.10M $876.90M $876.90M $821.40M
Total Liabilities $53.05B $53.08B $52.84B $52.84B $53.12B
Total Current Liabilities $8.87B $9.72B $6.91B $6.91B $5.99B
Payables $1.43B $1.46B $1.46B $1.46B $1.48B
-Accounts Payable $202.80M $220.80M $259.80M $259.80M $239.00M
-Total Tax Payable $180.00M $182.50M $183.50M $183.50M $225.10M
-Dividends Payable $852.70M $851.90M $818.60M $818.60M $820.60M
-Other Payable $194.10M $202.60M $198.90M $198.90M $193.30M
Current Accrued Expenses $1.07B $1.04B $1.16B $1.16B $1.07B
Short-Term Debt and Capital Lease Obligation $5.87B $6.76B $3.97B $3.97B $3.00B
-Current Debt $5.23B $6.12B $3.39B $3.39B $2.39B
-Current Capital Lease Obligation $644.10M $641.90M $584.90M $584.90M $615.40M
Current Deferred Liabilities $497.00M $459.90M $325.00M $325.00M $437.60M
Total Non-Current Liabilities $44.18B $43.36B $45.92B $45.92B $47.13B
Long Term Debt and Capital Lease Obligation $39.11B $38.37B $40.99B $40.99B $42.01B
-Long Term Debt $31.96B $31.20B $33.83B $33.83B $34.85B
-Long Term Capital Lease Obligation $7.15B $7.17B $7.16B $7.16B $7.16B
Non-Current Liabilities $2.53B $2.52B $2.51B $2.51B $2.54B
Non-Current Deferred Liabilities $1.57B $1.50B $1.44B $1.44B $1.51B
Other Non-Current Liabilities $967.20M $979.00M $976.90M $976.90M $1.07B
Total Equity $10.25B $10.15B $10.36B $10.36B $10.77B
Stockholders' Equity $3.72B $3.52B $3.65B $3.65B $3.95B
Capital Stock $4.80M $4.80M $4.80M $4.80M $4.80M
-Common Stock $4.80M $4.80M $4.80M $4.80M $4.80M
Additional Paid-In Capital $15.28B $15.24B $15.22B $15.22B $15.18B
Retained Earnings -$5.03B -$5.06B -$5.09B -$5.09B -$5.11B
Less: Treasury Stock $1.87B $1.85B $1.67B $1.67B $1.30B
Gains/Losses Not Affecting Retained Earnings -$4.66B -$4.81B -$4.82B -$4.82B -$4.82B
Minority Interests $6.53B $6.63B $6.70B $6.70B $6.81B
-Accumulated Depreciation – – -$12.11B -$12.11B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.49B $1.40B $5.46B $1.43B $1.46B
Net cash flow from continuing operations $1.49B $1.40B $5.46B $1.43B $1.46B
Net Income from Continuing Operations $887.50M $878.50M $2.63B $836.80M $912.60M
Depreciation & Depletion & Amortization $514.40M $518.20M $2.04B $515.90M $522.90M
Other Non-Cash Items $26.40M $59.50M $54.10M -$789.90M -$11.90M
Change in Working Capital $21.10M -$114.00M -$166.60M $100.90M -$5.50M
-Change in Other Current Assets -$51.20M -$109.20M – – -$17.90M
-Change in Other Current Liabilities $22.90M -$122.20M $50.20M $88.90M $5.00M
-Change In Other Working Capital $49.40M $117.40M -$133.30M -$142.20M $7.40M
Net cash flow from investing -$360.00M -$473.70M -$1.86B -$468.10M -$550.50M
Net Cash Flow from Continuing Investing Activities -$360.00M -$473.70M -$1.86B -$468.10M -$550.50M
Net PPE Purchase and Sale -$320.90M -$449.50M -$1.68B -$579.20M -$465.50M
Net Business Purchase and Sale -$114.00M -$19.20M -$454.20M -$34.00M -$87.90M
Net Investment Purchase and Sale $76.50M $0.00 $294.60M $156.90M $0.00
Net Other Investing Changes -$1.60M -$5.00M -$19.80M -$11.80M $2.90M
Financing Cash Flow -$971.70M -$831.00M -$4.21B -$1.44B -$1.01B
Net Cash Flow from Continuing Financing Activities -$971.70M -$831.00M -$4.21B -$1.44B -$1.01B
Net Issuance Payments Of Debt -$37.50M $233.90M -$372.20M -$33.60M -$213.90M
Net Common Stock Issuance -$26.70M -$176.20M -$364.60M – –
Cash Dividends Paid -$834.70M -$806.60M -$3.16B -$796.20M -$796.30M
Proceeds from Stock Option Exercised $8.50M $12.50M $41.70M $7.10M $4.50M
Net Other Financing Charges -$81.30M -$94.60M -$356.20M -$256.50M -$8.50M
Ending Cash Balance $1.89B $1.74B $1.61B $1.61B $2.10B
Net Change in Cash $155.10M $95.90M -$604.30M -$484.40M -$104.70M
Beginning Cash Balance $1.74B $1.61B $2.11B $2.10B $2.21B
Effect of Exchange Rate Changes -$400,000.00 $36.80M $101.30M -$11.20M -$4.10M
Free Cash Flow $1.17B $951.10M $3.78B $848.30M $994.50M
Gain/Loss from Continuing Operations – – $606.70M – –
Deferred Tax – – $42.50M – –
-Change in Receivables – – -$62.20M – –
-Change in Prepaid Assets – – -$700,000.00 – –
-Change in Payables and Accrued Expense – – -$20.60M – –
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