AMT

AMERICAN TOWER CORP /MA/

Real Estate • CIK 0001053507

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Market Cap
$80.69B
P/E (TTM)
27.8x
Rev Growth (TTM)
+6.3%
Net Margin (TTM)
26.8%
FCF Yield (TTM)
4.7%
FCF Margin (TTM)
34.9%

Filings your agent reads

Factsheet

Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.

8-KJun 20262026-06-04source
8-KJun 20262026-06-02source
8-KMay 20262026-05-27source
8-KMay 20262026-05-21source
8-KMay 20262026-05-07source

Point your agent at AMT and it navigates these the same way — citing each number back to the filing.

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LATEST EARNINGS

•
Q1 FY2026
•
2 months ago
•View source
Revenue
$2.74B
—
Net Income
$878.50M
—
EPS
$1.84
+76.9%
Operating
45.3%↓ -3.7%
Net
32.1%↑ +12.6%
  • •Total revenue increased 6.8% to $2,738 million, driven by a 7.3% increase in total property revenue to $2,670 million.
  • •Net income increased significantly by 76.2% to $879 million, and net income attributable to common stockholders rose 75.9% to $860 million.
  • •Adjusted EBITDA increased 5.2% to $1,835 million, indicating operational profitability.
  • •AFFO attributable to common stockholders increased 2.6% to $1,324 million, with AFFO per Share up 3.3% to $2.84.
View Full Earnings →

Cash Flow Health

Free Cash Flow8/8 positive
TTM$3.8B
Q1 '26
$951M+12%
Q4 '25
$848M-15%
FCF Margin
TTM34.9%
Q1 '2634.7%+12%
Sector: 0.0%Top 25%
OCF Margin51.5%
OCF/NI1.92x
CapEx Coverage3.1x
FCF Yield4.7%
FCF Growth (2Y)+21%
Cash Conversion Cycle
-8 days
DSO: 24+DIO: 0−DPO: 32
View Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%
+
Buyback (FY)0.4%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$3.8B
Stock Repurchases (FY)$364.6M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
—
P25MedianP75
(med: -0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
—
Asset Turnover
0.17x
8Q: 0.17x
Leverage (1+D/E)
11.59x
D/E: 10.59x
Asset & CapEx Efficiency
Fixed Asset Turn
0.54x
8Q:0.54x
+3.1%
CapEx/Depreciation
0.87x
Depreciation Rate Trend
⚠ Declining -3.6%
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
27.8x
Volatile
8Q: 100.4x+10997%
Valuation Lenses
Earnings
27.8x
vs – sector
Cash Flow
30.8x
EV/FCF vs –
Growth-Adj
0.5xPEG
Undervalued for growth
Quality-Adj
–P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$80.69B
EV$116.11B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
100/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
78.1%
8Q:–
Return on Invested Capital (ROIC)
–
8Q:–
vs Sector:-0.1%

Earnings Quality

Cash Conversion

1.92x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover–

Working Capital

Cash Conversion Cycle-8 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
66/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
6.3%
OpInc Growth YoY
-1.2%
EPS Growth YoY
59.2%
FCF 3Y CAGR
20.5%

Growth Quality Analysis

✓Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
—
Operating
—
Net
26.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+8.0 pts
FCF: 34.9% | Net: 26.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
–Net Debt: $35.71B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
10.59x
Balance sheet risk & solvency analysis

Research

All research