SuperworthAmerican Tower AMT
- Market cap
- $88.1B
- PE
- 26.0×
- 10y median 55.9×
- Forward PE
- 27.9×
- 10y median 39.7×
- Price to FFO
- 17.3×
- its own FFO
- Price to sales
- 8.0×
- EV/EBIT
- 26.5×
- Revenue, 12 months
- $10.9B
- +7% on a year ago
- Net margin
- 31.1%
American Tower trades at 17.3× its funds from operations, the earnings measure REITs are valued on. Revenue was $10.9B over the last twelve months, up 7% on a year earlier with a 31% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.5B−6% | $2.5B−9% | $2.5B−0% | $2.5B+1% | $2.5B+0% | $2.5B+4% | $2.6B+2% | $2.6B+3% | $2.7B+8% | $2.7B+8% | $2.7B+7% | $2.7B+5% | |
| Cost of revenue | $638M−24% | $811.4M+1% | $618.9M−23% | $649.3M−22% | $651.8M+2% | $654.4M−19% | $634.5M+3% | $688.7M+6% | $710.8M+9% | $714.1M+9% | $703.3M+11% | $741.3M+8% |
| Gross profit | $1.9B+3% | $2B+4% | $1.9B−3% | $1.9B−3% | $1.9B−1% | $1.9B−4% | $1.9B+2% | $1.9B+2% | $2B+7% | $2B+7% | $2B+6% | $2B+4% |
| SG&A | $220.3M−5% | $252.3M+13% | $244.3M−7% | $218.3M−11% | $227.7M+3% | $243.1M−4% | $237.5M−3% | $233.7M+7% | $233M+2% | $236.5M−3% | $257.4M+8% | $233.8M+0% |
| $913M+40% | $612.8M+219% | $1.1B+53% | $1.2B+36% | $1.1B+25% | $1.1B+76% | $1.3B+10% | $1.2B+4% | $1.2B+8% | $1.2B+8% | $1.2B−1% | $1.3B+6% | |
| Interest expense | $356.5M+21% | $347.6M+15% | $363.8M+7% | $362.7M+4% | $356.8M+0% | $321.2M−8% | $325.3M−11% | $342.6M−6% | $347.1M−3% | $344.4M+7% | $347.3M+7% | $354.5M+4% |
| Pre-tax income | $824.3M−4% | $35.2M | $921.3M+150% | $847.3M+79% | $550.5M−33% | $1.3B+3609% | $617.5M−33% | $511.8M−40% | $950M+73% | $964.9M−26% | $1B+65% | $1B+97% |
| $49.5M+37% | $21.9M | $91.3M+71% | $77.4M+486% | $122.4M+147% | $75.2M+243% | $118.9M+30% | $131.3M+70% | $37.4M−69% | $128.1M+70% | $139.6M+17% | $121.8M−7% | |
| Net income | $586.9M−30% | $84.9M | $917.4M+173% | $900.3M+89% | −$792.3M | $1.2B+1348% | $488.7M−47% | $366.8M−59% | $853.3M | $820.7M−33% | $859.5M+76% | $867.5M+137% |
| $1.26−30% | $0.18 | $1.96+172% | $1.92+88% | −$1.69 | $2.62+1356% | $1.04−47% | $0.78−59% | $1.82 | $1.75−33% | $1.84+77% | $1.86+139% | |
| 467.2M+0% | 467.5M+0% | 467.7M+0% | 467.8M+0% | 468.3M+0% | 468.5M+0% | 468.5M+0% | 468.8M+0% | 469M+0% | 468.5M+0% | 466.8M−0% | 466.3M−1% |
Gross profit: 71 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 11 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 17 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $2.8B | $2.8B to $2.8B | $1.64 | $1.60 to $1.68 | 5 |
| Q4 FY26 | $2.8B | $2.8B to $2.8B | $1.65 | $1.58 to $1.73 | 5 |
| Q1 FY27 | $2.8B | $2.8B to $2.9B | $1.74 | $1.72 to $1.76 | 3 |
| Q2 FY27 | $2.8B | $2.8B to $2.9B | $1.74 | $1.72 to $1.77 | 3 |
| Q3 FY27 | $2.9B | $2.8B to $2.9B | $1.74 | $1.72 to $1.76 | 3 |
| Q4 FY27 | $2.9B | $2.9B to $2.9B | $1.78 | $1.76 to $1.80 | 3 |
| Q1 FY28 | $2.9B | $2.9B to $3B | $1.78 | $1.76 to $1.80 | 4 |
| Q2 FY28 | $3B | $2.9B to $3B | $1.80 | $1.78 to $1.82 | 4 |
Peers
Companies in REIT - Specialty nearest American Tower's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| AMTAmerican Tower | $88.1B | 26.0× | 55.9× | 27.9× | 8.0× | +7% | 31.1% |
| EQIXEquinix | $94.2B | 61.5× | 97.9× | 55.2× | 9.6× | +10% | 15.6% |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| IRMIron Mountain | $32.7B | 78.5× | 47.1× | 43.1× | 4.3× | +17% | 5.5% |
| SBACSBA Communications | $19.6B | 19.9× | 81.2× | n/m | 6.8× | +5% | 34.5% |
| HSTHost Hotels & Resorts | $16.9B | 16.6× | 17.1× | n/m | 2.7× | +5% | 16.5% |
| KIMKimco Realty | $15.8B | 27.8× | 25.5× | n/m | 7.2× | +4% | 27.8% |
| LAMRLamar Advertising | $15.7B | 28.3× | 24.4× | n/m | 6.8× | +4% | 23.9% |
| WPCW. P. Carey | $14.6B | 21.8× | 26.7× | n/m | 8.1× | +9% | 36.3% |
| Peer median | $26.2B | 36.0× | 52.2× | 49.1× | 7.7× | +5% | 22.3% |
Investors who own it
Investors we follow who held American Tower at the end of Jun 30, 2026, from their 13F filings.
- Chuck AkreAkre Capital Management0.1% of portfoliotrimmed
- Baillie GiffordBaillie Gifford0.0% of portfoliotrimmed
More on American Tower
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #7of 108Real estate stocks with the fastest earnings growth
- #7of 84Specialty REITs with the fastest earnings growth
- #3of 14Real estate stocks with the lowest forward PE
- #7of 13Real estate stocks with the highest dividend yields
- #10of 13Real estate stocks with the fastest expected revenue growth
Its groups
About
- Industry
- REIT - Specialty
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .