SuperworthAmerican Tower profit margin AMT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 31.1%
- Net margin on a year earlier
- +18.5 pts
- Peer median
- 22.3%
Over the twelve months to Jun 30, 2026, American Tower kept 31.1% of its revenue as net profit and a gross margin of 73.8%.
Five years earlier its net margin was 25.8%.
The median for 10 specialty REITs of a similar size is 22.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 23.8% | 74.2% |
| FY2024 | 22.3% | 74.6% |
| FY2023 | 14.8% | 77.5% |
| FY2022 | 16.5% | 69.5% |
| FY2021 | 27.4% | 71.3% |
| FY2020 | 21.0% | n/a |
| FY2019 | 24.9% | n/a |
| FY2018 | 16.6% | 70.7% |
| FY2017 | 18.6% | 69.1% |
| FY2016 | 16.5% | 69.1% |
| FY2015 | 14.4% | 72.6% |
| FY2014 | 20.1% | 73.3% |
| FY2013 | 14.3% | 74.4% |
| FY2012 | 22.2% | 74.9% |
| FY2011 | 16.2% | 74.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 31.1% | +18.5 pts | |
| Q1 FY26 | 26.8% | +8.9 pts | |
| Q4 FY25 | 23.8% | +1.5 pts | |
| Q3 FY25 | 28.1% | +17.0 pts | |
| Q2 FY25 | 12.6% | −12.2 pts | |
| Q1 FY25 | 17.9% | −2.7 pts | |
| Q4 FY24 | 22.3% | +7.5 pts | |
| Q3 FY24 | 11.1% | +4.1 pts | |
| Q2 FY24 | 24.8% | +15.5 pts | |
| Q1 FY24 | 20.6% | +7.5 pts | |
| Q4 FY23 | 14.8% | −1.7 pts | |
| Q3 FY23 | 7.0% | −20.8 pts |
Against its peers
Companies in REIT - Specialty nearest American Tower's size, closest first, today.
| Company | Profit margin |
|---|---|
| AMTAmerican Tower | 31.1% |
| EQIXEquinix | 15.6% |
| DLRDigital Realty Trust | 11.8% |
| VMRKVivmark Residential | 28.0% |
| CCICrown Castle | 20.7% |
| IRMIron Mountain | 5.5% |
| SBACSBA Communications | 34.5% |
| HSTHost Hotels & Resorts | 16.5% |
| KIMKimco Realty | 27.8% |
| LAMRLamar Advertising | 23.9% |
| WPCW. P. Carey | 36.3% |
| Peer median | 22.3% |
Where American Tower ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on American Tower
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.