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American Tower
(NYSE:AMT)
American Tower (AMT) vs. SPDR S&P 500 ETF (SPY)
American Tower Business Overview & Revenue Model
American Tower Key Performance Indicators (KPIs)
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
The FlyAmerican Tower Earnings Call Summary
American Tower Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.45B | 10.13B | 10.01B | 9.65B | 9.36B | 8.04B |
| Gross Profit | 7.80B | 7.55B | 7.45B | 7.08B | 6.67B | 5.81B |
| EBITDA | 6.74B | 7.15B | 6.00B | 6.58B | 6.03B | 4.50B |
| Net Income | 2.94B | 2.25B | 1.48B | 1.77B | 2.57B | 1.69B |
Balance Sheet | ||||||
| Total Assets | 63.89B | 61.08B | 66.03B | 67.19B | 69.89B | 47.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.95B | 2.00B | 1.75B | 2.03B | 1.95B | 1.75B |
| Total Debt | 45.01B | 43.95B | 46.31B | 47.05B | 52.01B | 36.71B |
| Total Liabilities | 53.12B | 51.43B | 55.16B | 54.79B | 60.82B | 42.45B |
| Stockholders Equity | 3.95B | 3.38B | 4.20B | 5.57B | 5.08B | 4.09B |
Cash Flow | ||||||
| Free Cash Flow | 3.69B | 3.70B | 2.92B | 1.82B | 3.44B | 2.85B |
| Operating Cash Flow | 5.24B | 5.29B | 4.72B | 3.70B | 4.82B | 3.88B |
| Investing Cash Flow | -1.75B | 410.60M | -1.70B | -2.36B | -20.69B | -4.78B |
| Financing Cash Flow | -3.67B | -5.45B | -3.10B | -1.42B | 16.42B | 1.22B |
American Tower Technical Analysis
American Tower Risk Analysis
American Tower Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $72.81B | 67.90 | 7.72% | 2.53% | 5.36% | -1.68% | |
71 Outperform | $85.76B | 29.22 | 77.38% | 3.76% | -5.33% | 163.89% | |
67 Neutral | $20.35B | 24.04 | ― | 2.35% | 4.82% | 25.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $16.06B | 48.81 | 3.42% | 3.80% | -1.64% | -37.58% | |
55 Neutral | $24.96B | 157.90 | ― | 3.61% | 10.88% | 51.13% | |
45 Neutral | $38.88B | ― | -276.36% | 5.83% | -26.56% | -369.24% |
American Tower Corporate Events
On December 5, 2025, American Tower Corporation completed a public offering of $850 million in senior unsecured notes due in 2032, generating net proceeds of approximately $839.5 million. The company plans to use these funds to repay existing debt under its revolving credit facility. The notes, bearing an interest rate of 4.700% per annum, have specific covenants limiting the company’s ability to merge, consolidate, or incur liens, with exceptions based on adjusted EBITDA. This financial maneuver aims to strengthen the company’s financial position and manage its debt obligations effectively.
On December 4, 2025, American Tower Corporation announced that its Board of Directors declared a quarterly cash distribution of $1.70 per share on its common stock. This distribution is scheduled to be paid on February 2, 2026, to stockholders of record as of December 29, 2025, reflecting the company’s ongoing commitment to returning value to its shareholders.
On December 2, 2025, American Tower Corporation announced the pricing of its registered public offering of senior unsecured notes due 2032, amounting to $850 million with an interest rate of 4.700% per annum. The net proceeds of approximately $839.5 million are intended to repay existing indebtedness under its $4 billion senior unsecured revolving credit facility, potentially impacting the company’s financial flexibility and debt management strategy.
On November 5, 2025, Robert J. Meyer announced his intention to retire as Senior Vice President and Chief Accounting Officer of American Tower Corporation. The company is actively searching for his successor, and Meyer will remain in his role until a replacement is found, assisting with the transition until his retirement before the end of 2026.
On September 23, 2025, American Tower Corporation reached an agreement with AT&T Mexico to resolve a legal dispute over withheld tower rents. AT&T Mexico will pay the majority of the withheld rents and resume monthly payments, while remaining amounts will be held in escrow pending arbitration or mutual consent.
On September 16, 2025, Olivier Puech announced his retirement from his position as Executive Vice President and President, International, effective January 2, 2026. Additionally, on September 18, 2025, American Tower Corporation declared a quarterly cash distribution of $1.70 per share, payable on October 20, 2025, to stockholders of record as of September 30, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
On September 16, 2025, American Tower Corporation completed a public offering of $200 million in 4.900% senior unsecured notes due 2030 and $375 million in 5.350% senior unsecured notes due 2035, raising approximately $587.8 million. The proceeds will be used to repay existing debt and for general corporate purposes, impacting the company’s financial strategy by consolidating its debt and potentially improving its credit standing. The issuance underlines the company’s strategic financial management and its commitment to maintaining operational flexibility while adhering to specific covenants that limit mergers, asset sales, and the incurrence of liens.
On September 11, 2025, American Tower Corporation announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035, with principal amounts of $200 million and $375 million, respectively. The proceeds, expected to be approximately $587.8 million, will be used to repay existing indebtedness under its $4 billion senior unsecured revolving credit facility and for general corporate purposes, potentially strengthening the company’s financial position and operational flexibility.