American Tower Corp (AMT) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, American Tower reported revenue of $10.64B, up 5.1% from $10.13B the year before. Net income was $2.53B (a 23.8% net margin), or $5.40 per diluted share. Gross margin was 45.5% and operating margin was 45.5%. Operating activities generated $5.46B of cash, leaving $3.78B of free cash flow. At fiscal year end, American Tower held $63.19B in total assets against $52.84B in total liabilities, including $1.47B of cash and equivalents.
Open the full interactive American Tower financials → Quarterly statements, key ratios, valuation history and price charts.
American Tower Key Stats
| Share Price | $179.43 |
|---|---|
| Market Cap | $83.66B |
| P/E Ratio | 33.2 |
| Revenue YoY Growth | +5.1% |
| 52-Week Range | $160.38 – $190.23 |
| Shares Outstanding | 465.9 million (basic, 2026 Q2) |
American Tower Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $8.04B | $9.36B | $10.71B | $11.14B | $10.13B | $10.64B |
| Cost of Goods Sold | $5.15B | $6.22B | $8.36B | $8.12B | $5.61B | $5.80B |
| Gross Profit | $2.89B | $3.13B | $2.35B | $3.02B | $4.52B | $4.85B |
| Operating Income | $2.89B | $3.13B | $2.35B | $3.02B | $4.52B | $4.85B |
| Pre-Tax Income | $1.82B | $2.83B | $1.72B | $1.52B | $3.62B | $3.04B |
| Income Tax | $129.6M | $261.8M | $24.0M | $154.2M | $366.3M | $415.7M |
| Net Income | $1.69B | $2.57B | $1.77B | $1.48B | $2.25B | $2.53B |
| Diluted EPS | $3.79 | $5.66 | $3.82 | $3.18 | $4.82 | $5.40 |
American Tower Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.72B | $2.74B | $2.74B | $2.75B |
| Net Income | $853.3M | $820.7M | $859.5M | $867.5M |
| Diluted EPS | $1.82 | $1.75 | $1.84 | $1.86 |
American Tower Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.75B | $1.95B | $2.03B | $1.97B | $2.00B | $1.47B |
| Current Assets | $2.91B | $3.73B | $3.62B | $3.71B | $3.18B | $2.74B |
| Total Assets | $47.23B | $69.89B | $67.19B | $66.03B | $61.08B | $63.19B |
| Current Liabilities | $3.66B | $9.07B | $8.31B | $7.25B | $7.08B | $6.91B |
| Total Long-Term Debt | $29.29B | $43.25B | $38.67B | $38.92B | $36.50B | $37.22B |
| Total Liabilities | $42.45B | $60.82B | $54.79B | $55.16B | $51.43B | $52.84B |
| Shareholders' Equity | $4.09B | $5.08B | $5.57B | $4.20B | $3.38B | $3.65B |
American Tower Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.88B | $4.82B | $3.70B | $4.72B | $5.29B | $5.46B |
| Cash From Investing | -$4.78B | -$20.69B | -$2.36B | -$1.70B | $410.6M | -$1.86B |
| Cash From Financing | $1.22B | $16.42B | -$1.42B | -$3.10B | -$5.45B | -$4.21B |
| Free Cash Flow | $2.85B | $3.44B | $1.82B | $2.92B | $3.70B | $3.78B |
Figures from American Tower's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Tower financials page for every line item.
American Tower Company Profile
| Ticker | AMT |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Boston, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001053507 |
Frequently Asked Questions
What was American Tower's revenue in fiscal 2025?
American Tower (AMT) reported revenue of $10.64B for fiscal 2025.
What is American Tower's annual revenue history?
American Tower's annual revenue by fiscal year: 2020: $8.04B; 2021: $9.36B; 2022: $10.71B; 2023: $11.14B; 2024: $10.13B; 2025: $10.64B.
What was American Tower's net income in fiscal 2025?
American Tower reported net income of $2.53B for fiscal 2025.
What was American Tower's earnings per share (EPS) in fiscal 2025?
American Tower's diluted EPS was $5.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did American Tower generate in fiscal 2025?
American Tower generated $3.78B of free cash flow in fiscal 2025.
What was American Tower's revenue last quarter?
In its most recent reported quarter (2026 Q2), American Tower reported revenue of $2.75B.
How much debt does American Tower have?
American Tower reported $37.22B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Tower are outstanding?
American Tower reported a weighted average of 465.9 million basic shares outstanding in 2026 Q2.
What is American Tower's market cap?
Based on its latest closing price, American Tower (AMT) has a market capitalization of about $83.66B.
When does American Tower's fiscal year end?
American Tower's fiscal year end, as registered with the SEC, is December 31.
Where is American Tower headquartered?
American Tower lists its business address in Boston, Massachusetts in its SEC filings.