American Tower (AMT) Financials: Revenue & Earnings

AMT price $182.06 -1.77 -0.97%

Ticker
AMT
Price
$182.06
Change
-1.77 -0.97%
Market cap ?
$84.83B
P/E ?
25.86
Forward P/E ?
26.13
Dividend yield ?
3.76%
Beta ?
0.89
Sector
Real Estate
Industry
REIT - Specialty
Stocklytics score
44
Value
40
Quality
54
Growth
38

Stocklytics score rationale: value 40, quality 54, growth 38.

Financials

2016201720182019202020212022202320242025
5785668000666390000074401000007580300000804150000093569000009645400000100122000001012720000010645100000

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in…

Fair value

AMT fair value $188.81. Price $182.06. Price is about fair value.

Below fair value, and cheaper than usual. A larger discount than on 97% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 3.96B. Growth 12.60%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.17% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 465.96M. Net debt 43.49B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare AMT

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-23—1.63—2.78B
2026-10-271.641.642.79B2.76B
2026-07-281.861.572.75B2.70B
2026-04-281.841.602.74B2.66B
2026-02-241.751.482.74B2.69B
2025-10-281.821.652.72B2.66B
2025-07-290.781.672.63B2.60B
2025-04-291.051.612.56B2.54B
2025-02-252.621.742.55B2.51B
2024-10-291.691.572.52B2.77B
2024-07-301.921.582.90B2.82B
2024-04-301.961.782.83B2.79B
2024-02-270.180.942.79B2.74B
2023-10-261.261.132.82B2.76B
2023-07-271.021.102.77B2.73B
2023-04-260.721.092.77B2.74B
2023-02-232.341.042.71B2.68B
2022-10-271.801.132.67B2.64B
2022-07-281.950.962.67B2.65B
2022-04-271.561.112.66B2.60B
2022-02-240.991.152.45B2.41B
2021-10-281.591.202.45B2.42B
2021-07-292.422.342.30B2.21B
2021-04-291.451.272.16B2.17B
2021-02-250.821.272.12B2.06B
2020-10-291.051.102.01B2.13B
2020-07-301.011.041.91B1.97B
2020-04-290.941.051.99B2.25B
2020-02-251.271.031.92B1.57B
2019-10-311.130.951.95B1.66B
2019-07-310.970.901.89B1.77B
2019-05-030.900.851.81B1.73B
2019-02-270.632.302.13B2.65B
2018-10-300.830.811.79B1.74B
2018-07-310.691.781.78B2.09B
2018-05-010.631.761.74B2.10B
2018-02-270.511.681.70B2.47B
2017-10-310.701.671.68B1.88B
2017-07-270.811.611.66B1.54B
2017-04-270.680.661.62B1.59B

Dividends

Yield 3.88%. Payout ratio 99.41%. Frequency Quarterly.

Safety score 67/100 · Moderate. Payout ratio is 99% of earnings. Dividends use most of free cash flow. Dividends were paid in 16 separate years. Yield is 3.9%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-30$1.792026-09-302026-10-20Quarterly
2026-06-12$1.792026-06-122026-07-13Irregular
2026-04-14$1.792026-04-142026-04-28Quarterly
2025-12-29$1.702025-12-292026-02-02Quarterly
2025-09-30$1.702025-09-302025-10-20Quarterly
2025-06-13$1.702025-06-132025-07-11Irregular
2025-04-11$1.702025-04-112025-04-28Quarterly
2024-12-27$1.622024-12-272025-02-03Irregular
2024-10-09$1.622024-10-092024-10-25Quarterly
2024-06-14$1.622024-06-142024-07-12Quarterly
2024-04-11$1.622024-04-122024-04-26Quarterly
2023-12-27$1.702023-12-282024-02-01Quarterly
2023-10-10$1.622023-10-112023-10-27Quarterly
2023-06-15$1.572023-06-162023-07-10Quarterly
2023-04-13$1.562023-04-142023-04-28Quarterly
2022-12-27$1.562022-12-282023-02-02Quarterly
2022-10-07$1.472022-10-112022-10-26Quarterly
2022-06-16$1.432022-06-172022-07-08Quarterly
2022-04-12$1.402022-04-132022-04-29Quarterly
2021-12-23$1.392021-12-272022-01-14Quarterly
2021-09-27$1.312021-09-282021-10-15Quarterly
2021-06-17$1.272021-06-182021-07-09Quarterly
2021-04-12$1.242021-04-132021-04-29Quarterly
2020-12-24$1.212020-12-282021-02-02Quarterly
2020-09-25$1.142020-09-282020-10-16Quarterly
2020-06-18$1.102020-06-192020-07-10Quarterly
2020-04-13$1.082020-04-142020-04-29Quarterly
2019-12-26$1.012019-12-272020-01-14Quarterly
2019-09-26$0.952019-09-272019-10-17Quarterly
2019-06-18$0.922019-06-192019-07-12Quarterly
2019-04-10$0.902019-04-112019-04-26Quarterly
2018-12-26$0.842018-12-272019-01-14Quarterly
2018-09-27$0.792018-09-282018-10-17Quarterly
2018-06-18$0.772018-06-192018-07-13Quarterly
2018-04-10$0.752018-04-112018-04-27Quarterly
2017-12-27$0.702017-12-282018-01-16Quarterly
2017-09-28$0.662017-09-292017-10-17Quarterly
2017-06-15$0.642017-06-192017-07-14Quarterly
2017-04-10$0.622017-04-122017-04-28Quarterly
2016-12-23$0.582016-12-282017-01-13Quarterly
2016-09-28$0.552016-09-302016-10-17Quarterly
2016-06-15$0.532016-06-172016-07-15Quarterly
2016-04-08$0.512016-04-122016-04-28Quarterly
2015-12-14$0.492015-12-162016-01-13Quarterly
2015-09-21$0.462015-09-232015-10-07Quarterly
2015-06-15$0.442015-06-172015-07-16Quarterly
2015-04-08$0.422015-04-102015-04-28Quarterly
2014-12-12$0.382014-12-162015-01-13Quarterly
2014-09-19$0.362014-09-232014-10-07Quarterly
2014-06-13$0.342014-06-172014-07-16Quarterly
2014-04-08$0.322014-04-102014-04-25Quarterly
2013-12-12$0.292013-12-162013-12-31Quarterly
2013-09-19$0.282013-09-232013-10-07Quarterly
2013-06-13$0.272013-06-172013-07-16Quarterly
2013-04-08$0.262013-04-102013-04-25Quarterly
2012-12-13$0.242012-12-172012-12-31Quarterly
2012-09-27$0.232012-10-012012-10-15Quarterly
2012-06-28$0.222012-07-022012-07-18Quarterly
2012-04-09$0.212012-04-112012-04-25Special
2011-12-08$0.352011-12-122011-12-23Special

Insider trades

DateInsiderActionSharesPriceValue
2026-10-20Clarke Teresa HillaryBuy43$183.207.86K
2026-10-01Blanchett PaulBuy16.30K——
2026-09-17Ludgate Kristen MOther0——
2026-08-21Kalathur RajeshBuy2.83K$177.00500.73K
2026-07-29Meyer Robert JosephSell5.00K$178.89894.45K
2026-07-29Dowling Ruth TSell1.11K$174.96193.51K
2026-07-28Dowling Ruth TSell685$169.54116.13K
2026-07-13Clarke Teresa HillaryBuy46$167.527.78K
2026-05-28REEVE PAMELA D ASell810——
2026-05-20HORMATS ROBERT DOther0——
2026-04-29Dowling Ruth TSell416$177.5473.86K
2026-04-28Clarke Teresa HillaryBuy44$177.087.70K
2026-04-28Dowling Ruth TSell556$178.4899.23K
2026-04-27Blanchett PaulOther0——
2026-03-11Rossi Richard CSell684$182.85125.07K
2026-03-11Font JuanSell928$182.85169.68K
2026-03-11Smith Rodney MSell1.29K$182.85236.79K
2026-03-11Meyer Robert JosephSell684$182.85125.07K
2026-03-11Dowling Ruth TSell863$182.85157.80K
2026-03-11Noel Eugene MSell719$182.85131.47K
2026-03-11Vondran Steven OSell2.16K$182.85394.59K
2026-03-10Rossi Richard CBuy6.45K——
2026-03-10Rossi Richard CSell1.54K$186.12287.37K
2026-03-10Font JuanBuy8.06K——
2026-03-10Font JuanSell1.83K$186.12341.34K
2026-03-10Smith Rodney MBuy10.53K——
2026-03-10Smith Rodney MSell12.43K$186.122.31M
2026-03-10Meyer Robert JosephBuy4.03K——
2026-03-10Meyer Robert JosephSell1.37K$186.12254.61K
2026-03-10Dowling Ruth TBuy6.88K——
2026-03-10Dowling Ruth TSell6.63K$186.121.23M
2026-03-10Noel Eugene MBuy8.17K——
2026-03-10Noel Eugene MSell2.50K$186.12464.93K
2026-03-10Vondran Steven OBuy20.95K——
2026-03-10Vondran Steven OSell15.27K$186.122.84M
2026-03-10Chambliss Kelly CBuy1.21K——
2026-03-10MACNAB CRAIGBuy1.21K——
2026-03-10Kalathur RajeshBuy2.67K$185.30494.94K
2026-03-10Kalathur RajeshBuy1.21K——
2026-03-10HORMATS ROBERT DBuy1.21K——
2026-03-10Clarke Teresa HillaryBuy1.21K——
2026-03-10REEVE PAMELA D ABuy1.21K——
2026-03-10Ray Neville RBuy1.21K——
2026-03-10REILLY EUGENE FBuy1.21K——
2026-03-10Tanner Bruce LBuy1.21K——
2026-03-10Lieblein GraceBuy1.21K——
2026-03-10Frank Kenneth RBuy1.21K——
2026-03-04Vondran Steven OBuy33.48K$94.713.17M
2026-03-04Vondran Steven OSell15.08K$187.902.83M
2026-03-04Vondran Steven OSell16.62K$188.823.14M
2026-03-04Vondran Steven OSell1.77K$189.82336.55K
2026-03-04Vondran Steven OSell33.48K$94.713.17M
2026-03-04Dowling Ruth TSell682$188.51128.56K
2026-03-02Noel Eugene MBuy41.21K$94.713.90M
2026-03-02Noel Eugene MSell5.24K$189.36992.63K
2026-03-02Noel Eugene MSell7.38K$190.291.40M
2026-03-02Noel Eugene MSell21.60K$191.404.14M
2026-03-02Noel Eugene MSell6.99K$192.031.34M
2026-03-02Noel Eugene MSell41.21K$94.713.90M
2026-02-27Meyer Robert JosephSell4.45K$186.73831.70K
2026-02-25Dowling Ruth TBuy11.08K——
2026-02-25Smith Rodney MBuy21.43K——
2026-02-25Vondran Steven OBuy24.63K——
2026-02-17Smith Rodney MBuy34.34K$94.713.25M
2026-02-17Smith Rodney MSell2.09K$190.35397.07K
2026-02-17Smith Rodney MSell9.60K$191.521.84M
2026-02-17Smith Rodney MSell22.66K$192.494.36M
2026-02-17Smith Rodney MSell1$193.13193
2026-02-17Smith Rodney MSell34.34K$94.713.25M
2026-02-02Clarke Teresa HillaryBuy31$178.045.47K
2026-01-03Font JuanSell419$174.8073.24K
2026-01-02Puech OlivierOther0——
2025-10-31REILLY EUGENE FBuy5.55K$178.99994.11K
2025-10-20Clarke Teresa HillaryBuy29$189.125.42K
2025-10-01Dowling Ruth TSell55$193.3210.63K
2025-09-19REILLY EUGENE FSell1$220.00220
2025-08-22REILLY EUGENE FOther0——
2025-08-18REILLY EUGENE FOther100$220.0022.00K
2025-07-31Font JuanSell720$208.33150.00K
2025-07-11Clarke Teresa HillaryBuy24$223.235.38K
2025-06-01Meyer Robert Joseph JRSell162$214.6534.77K
2025-05-14REED JOANN AOther0——
2025-04-28Clarke Teresa HillaryBuy25$209.335.34K
2025-03-31Goel SanjayOther0——
2025-03-17Goel SanjaySell4.00K$215.92863.68K
2025-03-11Smith Rodney MSell1.36K$209.78284.88K
2025-03-11Rossi Richard CSell717$209.78150.41K
2025-03-11Vondran Steven OSell2.26K$209.78474.52K
2025-03-11Puech OlivierSell1.21K$209.78253.62K
2025-03-11Noel Eugene MSell755$209.78158.38K
2025-03-11Meyer Robert Joseph JRSell717$209.78150.41K
2025-03-11Font JuanSell981$209.78205.79K
2025-03-11Dowling Ruth TSell905$209.78189.85K
2025-03-10Smith Rodney MBuy8.45K——
2025-03-10Smith Rodney MSell8.21K$213.071.75M
2025-03-10Rossi Richard CBuy3.75K——
2025-03-10Rossi Richard CSell1.03K$213.07220.31K
2025-03-10Vondran Steven OBuy15.49K——
2025-03-10Vondran Steven OSell10.33K$213.072.20M
2025-03-10Puech OlivierBuy8.45K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.82K, holders -9 vs prior quarter. Ownership 95.60%.

HolderSharesChangeChange %Value
BLACKROCK, INC.45.80M842.42K+1.87%7.49B
VANGUARD CAPITAL MANAGEMENT LLC30.44M75.39K+0.25%4.98B
VANGUARD PORTFOLIO MANAGEMENT LLC27.85M255.65K+0.93%4.56B
STATE STREET CORP22.07M631.59K+2.95%3.65B
GEODE CAPITAL MANAGEMENT, LLC13.84M-94.66K-0.68%2.26B
COHEN & STEERS, INC.13.78M1.16M+9.18%2.25B
FMR LLC11.38M59.38K+0.52%1.86B
MORGAN STANLEY9.61M27.05K+0.28%1.57B
JPMORGAN CHASE & CO8.85M-6.27M-41.48%1.49B
LAZARD ASSET MANAGEMENT LLC8.40M1.08M+14.70%1.37B
INVESCO LTD.7.07M-206.23K-2.83%1.16B
DEUTSCHE BANK AG\6.70M-1.07M-13.74%1.10B
CAPITAL WORLD INVESTORS6.55M887.00K+15.65%1.07B
NORGES BANK6.37M6.37MNew1.04B
DIMENSIONAL FUND ADVISORS LP5.88M64.61K+1.11%961.16M
PRINCIPAL FINANCIAL GROUP INC5.74M-172.15K-2.91%939.30M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC5.61M367.10K+7.01%917.20M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.5.61M5.61MNew917.20M
NORTHERN TRUST CORP5.02M-316.21K-5.92%821.70M
GOLDMAN SACHS GROUP INC4.96M260.99K+5.56%811.04M
LEGAL & GENERAL GROUP PLC4.85M27.93K+0.58%793.94M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP4.60M407.24K+9.71%752.95M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC4.53M186.77K+4.30%740.36M
PRICE T ROWE ASSOCIATES INC /MD/4.21M-563.05K-11.79%688.84M
AMUNDI4.05M215.22K+5.62%661.76M

Earnings and financials

American Tower Corporation (AMT) trades at $182.06, with a market cap of $84.83B and a trailing P/E of 25.86. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
5785668000666390000074401000007580300000804150000093569000009645400000100122000001012720000010645100000

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American Tower (AMT) Financials: Revenue & Earnings

AMT$182.06-1.77 -0.97%

$84.83B

Market Cap

25.86

P/E

26.13

Forward P/E

44

Score

Price History