Zacks Investment Research·5 days ago
American Tower (AMT) Ascends While Market Falls: Some Facts to NoteAmerican Tower (AMT) concluded the recent trading session at $166.08, signifying a +1.53% move from its prior day's close.
American Tower Corporation(AMT)Earnings, Financials & Key Ratios
AMT•NYSE•REIT / Real Estate
$162.11
30.1× P/E·Price updated Jul 6, 2026
AboutAmerican 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.Show more
- Revenue$10.65B+5.1%
- FFO$4.59B+4.8%
- FFO/Share9.78+4.6%
- FFO Payout68.78%-2.0%
- FFO per Share9.78+4.6%
- NOI Margin73.68%-1.2%
- FFO Margin43.12%-0.3%
- ROE25.29%+15.0%
- ROA4.07%+14.7%
AMT Price & Volume
American Tower Corporation (AMT) stock price & volume — 10-year historical chart
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Structural Margin Resilience Amidst High Leverage Constraints
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the company maintains a robust 73.9% NOI margin
Growth:Mixed
Profitability:Strong
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Carrier CAPEX spending deceleration
Key Thesis Takeaways
- American Tower maintains a dominant global infrastructure footprint, yet its growth trajectory is currently tempered by carrier capital expenditure volatility and the strategic divestiture of international assets.
- While the company demonstrates robust operating leverage with NOI margins consistently near 74%, the thin equity base of $3.7 billion against $63.2 billion in total assets necessitates caution regarding long-term solvency.
- Investors should monitor the company's ability to sustain dividend distributions as the payout ratio relative to AFFO has reached as high as 0.91 in recent periods.
Verdict Logic
the high debt-to-equity ratio of 4.36 and the thin equity cushion of $3.7 billion suggest significant balance sheet risk that warrants a cautious approach.
AMT Growth Metrics
American Tower Corporation (AMT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.36%
5 Years5.77%
3 Years3.34%
TTM2.72%
Profit CAGR
10 Years13.96%
5 Years8.39%
3 Years12.73%
TTM57.58%
EPS CAGR
10 Years14.35%
5 Years7.3%
3 Years12.16%
TTM59.13%
Return on Capital
10 Years6.77%
5 Years6.5%
3 Years7.31%
Last Year8.62%
AMT Recent Earnings
American Tower Corporation (AMT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.84+15.0%
$1.60
Rev
$2.7B+3.1%
$2.7B
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$1.75+18.2%
$1.48
Rev
$2.7B+1.9%
$2.7B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$2.78+6.1%
$2.62
Rev
$2.7B+0.9%
$2.7B
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$2.60+0.0%
$2.60
Rev
$2.6B-1.2%
$2.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.84vs $1.60+15.0% | $2.7Bvs $2.7B+3.1% |
| Q1 2026 | Feb 24, 2026 | $1.75vs $1.48+18.2% | $2.7Bvs $2.7B+1.9% |
| Q4 2025 | Oct 28, 2025 | $2.78vs $2.62+6.1% | $2.7Bvs $2.7B+0.9% |
| Q3 2025 | Jul 29, 2025 | $2.60vs $2.60+0.0% | $2.6Bvs $2.7B-1.2% |
Based on last 12 quarters of dataView full earnings history →
Latest AMT News
Recent stock market news and headlines for American Tower Corporation (AMT)
Business Wire·6 days ago
American Tower Plans Second Quarter 2026 Earnings Release and Conference CallBOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its second quarter 2026 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, July 28, 2026. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on July 28, 2026, to discuss its results. Earnings Call Information Date/Time Tuesday, July 28, 2026, at 8:30 a.m. ET Pre-Registration Link for Dial-In Access Participants can pre-register fo.
Seeking Alpha·6 days ago
American Tower's Quality Will Shine ThroughAmerican Tower Corporation remains a high-quality industry leader with steady revenue and cash flow growth, warranting a continued 'Buy' rating. AMT's international tower portfolio and expanding U.S. data center business drive robust top-line growth, with Q1 2026 revenue up 6.8% year-over-year. Management guides for property revenue of $10.66 billion and adjusted FFO of $5.09–$5.17 billion in 2026, reflecting increased investment and operational momentum.
Business Wire·6 days ago
American Tower Corporation Releases 2025 Sustainability Executive ReportBOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced the release of its 2025 sustainability executive report and accompanying indices and supplements, which highlight the Company's progress across its three sustainability pillars: Environment, Social, and Governance. The report reflects how sustainability continues to be embedded across American Tower's operations, supporting the Company's focus on delivering reliable, resilient digital infrastructure while creating l.
Zacks Investment Research·Jun 29, 2026
American Tower (AMT) Moves 4.1% Higher: Will This Strength Last?American Tower (AMT) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
Peers Comparison
Key metrics vs top competitors for American Tower Corporation (AMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $162.11 | $75.53B | 30.08 | 5.11% | 23.76% | 25.29% | 4.15% | |
| $74.92 | $32.69B | 73.45 | -35.06% | 25.13% | — | — | |
| $180.57 | $19.15B | 18.43 | 5.06% | 35.66% | — | — | |
| $11.04 | $2.68B | 2.27 | 91.49% | 40.53% | — | — | |
| $116.38 | $34.62B | 237.51 | 12.22% | 3.76% | — | — | |
| $6.48 | $6.67B | -3.70 | -5.39% | -14.34% | -79.42% | — |
Compare AMT vs Peers
American Tower Corporation (AMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMT SEC Filings & Documents
American Tower Corporation (AMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Mar 10, 2026·SEC
Material company update
Mar 5, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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AMT Frequently Asked Questions
American Tower Corporation (AMT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is American Tower Corporation's revenue?
American Tower Corporation (AMT) reported $10.82B in revenue for fiscal year 2025. This represents a 61698% increase from $17.5M in 1997.
How fast is American Tower Corporation growing?
American Tower Corporation (AMT) grew revenue by 5.1% over the past year. This is steady growth.
Is AMT profitable?
Yes, American Tower Corporation (AMT) is profitable, generating $2.88B in net income for fiscal year 2025 (23.8% net margin).
Dividend & Returns
Does AMT pay dividends?
Yes, American Tower Corporation (AMT) pays a dividend with a yield of 4.15%. This makes it attractive for income-focused investors.
What is AMT's return on equity?
American Tower Corporation (AMT) has a return on equity (ROE) of 25.3%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
What is American Tower Corporation's FFO?
American Tower Corporation (AMT) generated Funds From Operations (FFO) of $4.96B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is AMT a good dividend stock?
American Tower Corporation (AMT) offers a 4.15% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.