American Tower Corporation

US$188.79As of Sun 8 Nov 2026, 12:00 UTC

NYSE:AMTReal Estate

Country USA

PE (Fwd) •••

TSR 10Y CAGR 7.64%

Div yield 3.79%

ROE 32.96%

REIT (Specialty)

Beta (5Y) 0.84

PE TTM 26.57

TSR TTM 9.77%

Mkt cap US$87.55B

ROIC 7.90%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$234

23.92%

214.57%

Hold 4|9|5|9|4

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

7.335

Revenue$B

12.44

13.24

14.30

15.47

16.71

17.33

18.13

19.51

20.23

21.51

7.996

5.18%

6.09%

4.43

Revenue growth%

27.77

29.59

32.16

32.23

29.89

32.33

32.94

34.18

31.78

29.84

18.97

32.33

31.97

8.32

Gross margin%

6.96

5.28

7.86

7.14

7.79

9.63

9.98

8.97

7.21

4.36

28.79

8.97

7.50

23.24

Operating margin%

0.67

0.40

1.81

0.40

3.12

1.62

29.04

1.62

0.40

26.80

Net margin%

11.51

11.25

10.69

9.24

10.52

12.29

12.94

13.05

12.79

14.53

16.39

12.94

11.90

11.09

P/E ratio (avg)x

13.56

13.40

14.09

15.36

15.23

17.17

18.38

20.19

21.36

22.81

29.19

20.19

16.26

18.85

EV/EBITx

34.02

33.65

38.22

40.04

43.80

46.86

46.49

52.59

52.60

53.14

11.06

52.59

45.15

11.19

FCF yield (avg)%

8.19

7.47

9.49

8.66

11.06

12.08

12.94

13.67

12.74

14.73

16.55

12.94

11.57

13.75

FCF margin%

18.77

19.19

20.07

18.57

20.10

19.43

19.83

18.00

19.97

18.72

26.67

19.43

19.31

0.426

FCF / Net incomex

0.272

0.254

0.246

0.250

0.271

0.279

0.277

0.258

0.274

0.269

0.300

0.274

0.270

11.68

ROIC%

16.53

18.53

15.95

14.79

13.27

12.00

10.74

8.32

10.85

10.65

12.87

10.74

12.63

5.77

Return on equity%

20.76

19.74

18.45

16.66

18.26

17.48

17.88

15.94

17.15

20.12

5.86

17.48

18.07

17.78

Return on assets%

15.42

17.67

20.15

18.33

15.38

14.65

14.80

17.65

17.10

15.30

7.40

15.30

16.26

34.18

EPS$

30.68

31.03

31.19

28.69

30.06

28.27

25.75

27.88

25.56

24.38

37.08

(4.10%)

(2.28%)

—

7.78

EPS growth%

27.58

26.66

24.74

26.13

23.13

21.74

24.37

23.81

22.55

23.94

22.98

23.81

24.16

25.72

Bookvalue per sh$

35.53

42.19

45.75

51.14

58.57

61.45

70.51

84.52

85.85

87.92

21.49

8.46%

9.64%

—

9.11

FCF per share$

36.25

38.15

41.08

48.75

51.04

50.51

50.71

55.55

62.40

68.48

22.03

6.05%

6.71%

—

11.16

Dividend per sh$

33.38

35.56

40.26

41.51

46.48

49.54

48.16

53.71

61.03

63.98

8.26

6.60%

6.73%

—

25.95

Div yield (avg)%

24.37

27.14

28.04

28.49

25.61

26.15

25.80

25.16

24.23

22.28

19.25

25.16

25.71

28.19

Payout ratio%

15.83

14.21

13.73

10.99

13.50

12.79

13.74

12.36

12.82

15.38

19.41

12.82

13.62

0.453

Shares (diluted)B

0.864

0.934

1.010

1.197

1.261

1.408

1.596

1.760

2.065

2.167

0.452

11.43%

11.11%

21.57

Buyback yield%

1.95

0.40

1.55

4.31

1.52

0.40

24.93

0.40

1.276

D/E ratiox

0.740

0.624

0.550

0.478

0.486

0.495

0.529

0.518

0.442

0.384

1.729

0.495

0.507

12.19

Enterprise value$B

11.46

12.67

12.54

11.47

12.23

13.31

13.28

14.97

14.62

14.75

13.35

3.82%

2.71%

8.086

LT debt$B

10.73

9.846

10.26

11.28

11.36

11.58

11.47

10.37

11.23

10.17

2.987

(2.18%)

(1.13%)

Peers (US$87.55B)

Cap (US$)

Equinix, Inc.

100.2B

60.78x

Digital Realty Trust…

67.06B

72.89x

Crown Castle Inc.

37.70B

46.71x

Simon Property Group…

86.39B

16.44x

Capital

TTM

10Y

Leveragex

1.303

0.068

0.064

EBIT/Intx

4.833

1.397

1.388

Own earn%

(168.35)

(62.68)

(58.10)

Sh yield%

47.52

25.56

26.44

Owners

Insiders/Inst%

12.55

88.56

Short interest%

3.21

SBC / revenue%

5.87

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–3

$1 testx

—

Incr. ROIC%

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 over 147,000 communications sites and a highly interconnected footprint of U.S. data center facilities. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$21.51B

6.09%

1.00×

Cost of revenue

$10.93B

6.33%

1.02×

Operating expenses

$3.234B

5.39%

0.94×