AMERICAN TOWER CORP /MA/ (AMT) Factsheet

AMERICAN TOWER CORP /MA/ (AMT) Stock Analysis

Analysis from 10-Q filed 2026-10-27. Data as of Q3 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC N/A. FCF margin 36.0%. D/E 10.7x. Source: 10-Q filed 2026-10-27.

Metric	Value	Context
ROIC	N/A	Below expectations
FCF Margin	36.0%	Strong cash generation
Debt/Equity	10.7x	Elevated debt

FCF margin 36.0% — Top 25%.

Explore AMERICAN TOWER CORP /MA/: Earnings History | Overview

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for AMT: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: AMERICAN TOWER CORP /MA/ earns N/A ROIC

ROIC TTM N/A. Source: 10-Q filed 2026-10-27.

Metric	AMT	Rating	Context
Return on Invested Capital (ROIC)	N/A	Red flag	Below cost of capital
Return on Equity (ROE)	90.6%	Excellent	Efficient use of shareholder equity

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Cash Flow: AMERICAN TOWER CORP /MA/ generates $4.0B FCF at 36.0% margin, positive NaN/8 quarters

FCF TTM $4.0B. FCF margin 36.0%, Top 25%. OCF/Net income 1.7x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-10-27.

Metric	AMT	Rating	Context
Free Cash Flow Margin	36.0%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$4.0B	Good	Positive cash generation
OCF/Net Income	1.7x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: AMERICAN TOWER CORP /MA/ at 10.7x leverage, 3.5x interest coverage

Debt/Equity 10.7x. Total debt $37.6B, cash & investments $1.9B. Interest coverage 3.5x. Source: 10-Q filed 2026-10-27.

Metric	AMT	Rating	Context
Debt to Equity	10.7x	Red flag	Elevated leverage
Net Cash Position	$-35.7B	Warning	Net debt position
Interest Coverage	3.5x	Adequate	Monitor debt obligations

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Valuation: AMERICAN TOWER CORP /MA/ trades at 26.6x earnings

P/E 26.6x. EV/Sales 11.2x. FCF yield 4.5%. Dividend yield 3.7%. Source: 10-Q filed 2026-10-27.

Metric	AMT	Rating	Context
P/E Ratio	26.6x	Adequate	Premium valuation
EV/Sales	11.2x	Warning	Growth premium priced in
FCF Yield	4.5%	Good	Lower cash yield
Dividend Yield	3.7%	Adequate	Meaningful income

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Capital Allocation: AMERICAN TOWER CORP /MA/ returns 1.9% shareholder yield, reducing shares 0.9% YoY

Total shareholder yield 1.9% (div 3.7% + buyback 1.0%). Share count -0.9% YoY. Capital returned $1.7B TTM. Source: 10-Q filed 2026-10-27.

Metric	AMT	Rating	Context
Total Shareholder Yield	1.9%	Adequate	Dividend + buyback yield combined
Buyback Yield	1.0%	Adequate	Minimal buyback activity
Share Count Change (YoY)	-0.9%	Adequate	Net share reduction (accretive)
Total Capital Returned (TTM)	$1.7B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Free Cash Flow Margin	36.0%	Top 25%	2.7x above
Return on Equity (ROE)	90.6%	Top 5%	56.3x above
P/E Ratio	26.6x	N/A	-

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Financial Scorecard

Metric	AMT	Rating	Sector Context
Free Cash Flow Margin	36.0%	Excellent	Top 25% of sector (median: 13.2%)
Debt to Equity Ratio	10.7x	Red flag	High financial leverage
P/E Ratio (Price-to-Earnings)	26.6x	Adequate	Growth premium
Free Cash Flow Yield	4.5%	Adequate	Moderate yield

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Frequently Asked Questions

Q: What is AMERICAN TOWER CORP /MA/'s Return on Invested Capital (ROIC)?

AMERICAN TOWER CORP /MA/ (AMT) has a trailing twelve-month Return on Invested Capital (ROIC) of N/A. Source: 10-Q filed 2026-10-27.

Q: What is AMERICAN TOWER CORP /MA/'s Free Cash Flow Margin?

AMERICAN TOWER CORP /MA/ (AMT) has a free cash flow margin of 36.0%, generating $4.0 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-10-27.

Q: What is AMERICAN TOWER CORP /MA/'s P/E ratio and how does it compare to peers?

AMERICAN TOWER CORP /MA/ (AMT) trades at a P/E ratio of 26.6x, which is above the sector median of N/A. EV/Sales 11.2x. FCF yield 4.5%. Source: 10-Q filed 2026-10-27.

Q: Does AMERICAN TOWER CORP /MA/ pay a dividend?

AMERICAN TOWER CORP /MA/ (AMT) currently pays a dividend yield of 3.7%. Total shareholder yield (dividend + buybacks) 1.9%. Source: 10-Q filed 2026-10-27.

Q: How much debt does AMERICAN TOWER CORP /MA/ have?

AMERICAN TOWER CORP /MA/ (AMT) has a debt-to-equity ratio of 10.7x with total debt of $37.6 billion. Interest coverage 3.5x. Net debt $35.7 billion. Source: 10-Q filed 2026-10-27.

Q: What is AMERICAN TOWER CORP /MA/'s revenue and earnings growth?

AMERICAN TOWER CORP /MA/ (AMT) grew revenue by 5.3% year-over-year. EPS +13.4% YoY. Source: 10-Q filed 2026-10-27.

Q: Is AMERICAN TOWER CORP /MA/ buying back stock?

AMERICAN TOWER CORP /MA/ (AMT) repurchased $867.6 million of stock over the trailing twelve months. This represents a buyback yield of 1.0%. Share count -0.9% YoY. Source: 10-Q filed 2026-10-27.

Q: How does AMERICAN TOWER CORP /MA/ compare to competitors in Real Estate?

Compared to other companies in Real Estate, AMERICAN TOWER CORP /MA/ (AMT) shows: FCF margin 36.0%, sector median 13.2% (Top 25%). These rankings are based on MetricDuck's analysis of all Real Estate companies with available SEC filings.

Q: What warning signs should I watch for with AMERICAN TOWER CORP /MA/?

Quantitative warning flags for AMERICAN TOWER CORP /MA/ (AMT): 1) debt/equity 10.7x (above 1.5x threshold); 2) interest coverage 3.5x (below 5x). Source: 10-Q filed 2026-10-27.

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Data Source: Data sourced from 10-Q filed 2026-10-27. TTM metrics as of Q3 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.