American Tower (AMT) AI Stock Analysis

• Market Cap: $82.51B
• Dividend Yield: 3.76%
• Average Volume (3M): 2.79M
• Price to Earnings (P/E): 28.1
• Beta (1Y): <0.01
• Revenue Growth: -5.33%
• EPS Growth: 163.89%
• Country: US
• Employees: 4,691
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 1.82
• Shares Outstanding: 468,146,640
• 10 Day Avg. Volume: 1,665,802
• 30 Day Avg. Volume: 2,786,487
• PEG Ratio: 0.73
• Price to Book (P/B): 25.33
• Price to Sales (P/S): 8.46
• P/FCF Ratio: 23.15
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 12.73
• Enterprise Value/Gross Profit: 17.06
• Enterprise Value/Ebitda: 19.73
• 1Y Price Target: $223.15
• Price Target Upside: 26.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $202.00 ▲(14.89% Upside)

American Tower's strong earnings call performance and strategic financial management are significant positives, driving the overall score. However, high leverage and neutral technical indicators moderate the outlook. The company's valuation and dividend yield offer additional support.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health.

Strategic Financial Management

Effective debt management through strategic financial maneuvers enhances financial stability and flexibility, supporting sustainable growth.

Data Center Performance

Strong data center performance driven by demand for hybrid cloud and AI supports future revenue streams and market position.

Negative Factors

High Leverage

High leverage can strain financial resources, limiting strategic options and increasing vulnerability to economic downturns.

Declining Free Cash Flow

Declining free cash flow may hinder investment in growth opportunities and reduce financial flexibility, impacting long-term prospects.

Legal Disputes

Ongoing legal disputes can lead to financial uncertainty and potential revenue loss, affecting long-term business stability.

American Tower Business Overview & Revenue Model

Company Description

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.

How the Company Makes Money

American Tower generates revenue primarily through long-term leases of its tower sites to mobile network operators and other telecommunications service providers. The company earns a significant portion of its income from monthly rental payments made by tenants who utilize the space on its towers for antennas and equipment. Additionally, American Tower benefits from various revenue streams such as leasing agreements for rooftop installations and other infrastructure. The company also engages in site development services, which can include the construction of new towers and upgrades to existing facilities. Strategic partnerships with major telecommunications companies enhance its revenue potential, as these companies continue to expand their networks to meet the rising demand for mobile data and services. Furthermore, American Tower's international presence allows it to capitalize on growth opportunities in emerging markets, contributing to its overall financial performance.

American Tower Financial Statement Overview

Summary

American Tower demonstrates strong profitability with a net profit margin of 28.1% and robust EBIT margins. However, high leverage with a debt-to-equity ratio of 11.39 and declining free cash flow growth pose financial risks. Stable revenue growth and effective equity use are positives, but cost management needs improvement.

Income Statement

American Tower shows a stable revenue growth with a TTM increase of 1.9%. The gross profit margin has decreased significantly in the TTM compared to previous years, indicating potential cost pressures. However, the net profit margin has improved to 28.1%, reflecting strong profitability. The EBIT and EBITDA margins are robust, suggesting efficient operations.

Balance Sheet

The company has a high debt-to-equity ratio of 11.39 in the TTM, indicating significant leverage. Return on equity is strong at 80.6%, showcasing effective use of equity to generate profits. However, the high leverage poses a risk in terms of financial stability.

Cash Flow

Operating cash flow remains strong, but free cash flow has declined in the TTM, with a negative growth rate of -1.34%. The operating cash flow to net income ratio is healthy, indicating good cash conversion. However, the decline in free cash flow growth could be a concern if it continues.

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

• Technical Analysis Sentiment: Negative
• Last Price: 175.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMT, the sentiment is Negative. The current price of 175.82 is below the 20-day moving average (MA) of 175.96, below the 50-day MA of 177.65, and below the 200-day MA of 198.23, indicating a bearish trend. The MACD of -0.84 indicates Negative momentum. The RSI at 48.53 is Neutral, neither overbought nor oversold. The STOCH value of 75.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMT.

American Tower Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQIX	73 Outperform	$75.80B	70.68	7.72%	2.47%	5.36%	-1.68%
AMT	71 Outperform	$82.51B	28.11	77.38%	3.76%	-5.33%	163.89%
SBAC	67 Neutral	$20.25B	23.93	―	2.31%	4.82%	25.24%
WY	66 Neutral	$17.49B	53.14	3.42%	3.57%	-1.64%	-37.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
IRM	55 Neutral	$24.73B	156.48	―	3.98%	10.88%	51.13%
CCI	45 Neutral	$38.51B	-11.45	-276.36%	5.44%	-26.56%	-369.24%

American Tower Corporate Events

American Tower Completes $850M Senior Notes Offering

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.

The most recent analyst rating on (AMT) stock is a Buy with a $225.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.

American Tower Declares Quarterly Cash Distribution

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.

The most recent analyst rating on (AMT) stock is a Buy with a $225.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.

American Tower Announces $850M Senior Notes Offering

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.

The most recent analyst rating on (AMT) stock is a Hold with a $200.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.

American Tower’s Chief Accounting Officer to Retire

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.

The most recent analyst rating on (AMT) stock is a Buy with a $251.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.