American Tower Corp
AMT- Exchange
- NYSE
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001053507
In the last 90 days, American Tower Corp insiders filed 2 open-market purchases and 2 sales; 1,767 institutions reported holding it in 13F filings for Q2 2026, worth $72.0B in total; Akre Capital Management is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Revenue | $10.6B | $10.1B | $11.1B | $10.7B | $9.36B |
| Selling, general and administrative | $940.7M | $933.4M | $992.5M | $972.3M | $811.6M |
| Operating income | $4.85B | $4.52B | $3.02B | $2.35B | $3.13B |
| Interest expense | – | – | $1.40B | $1.14B | $870.9M |
| Income tax | $415.7M | $366.3M | $154.2M | $24.0M | $261.8M |
| Net income | $2.63B | $2.28B | $1.37B | $1.70B | $2.57B |
| EPS, basic | $5.41 | $4.83 | $3.18 | $3.83 | $5.69 |
| EPS, diluted | $5.40 | $4.82 | $3.18 | $3.82 | $5.66 |
| Weighted shares, basic | 467.9M | 467.0M | 466.1M | 461.5M | 451.5M |
| Weighted shares, diluted | 468.8M | 468.1M | 467.2M | 462.8M | 453.3M |
| Margins and growth | |||||
| Operating margin | 45.5% | 44.6% | 27.1% | 22.0% | 33.5% |
| Net margin | 24.7% | 22.5% | 12.3% | 15.8% | 27.4% |
| Revenue growth, year over year | +5.1% | −9.1% | +4.0% | +14.5% | +16.4% |
| Net income growth, year over year | +15.3% | +66.8% | −19.4% | −33.9% | +51.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Cash and equivalents | $1.47B | $2.00B | $1.97B | $2.03B | $1.95B |
| Accounts receivable | $650.3M | $540.0M | $669.7M | $758.3M | $728.9M |
| Total current assets | $2.74B | $3.18B | $3.71B | $3.62B | $3.73B |
| Goodwill | $12.3B | $11.8B | $12.6B | $13.0B | $13.4B |
| Intangible assets | $14.5B | $14.5B | $16.5B | $18.0B | $20.7B |
| Total assets | $63.2B | $61.1B | $66.0B | $67.2B | $69.9B |
| Accounts payable | $259.8M | $240.8M | $258.7M | $218.6M | $272.4M |
| Short-term debt | $3.39B | $3.69B | $3.19B | $4.51B | $4.57B |
| Total current liabilities | $6.91B | $7.08B | $7.25B | $8.31B | $9.07B |
| Long-term debt | – | – | – | $38.9B | $43.5B |
| Total liabilities | $52.8B | $51.4B | $55.2B | $54.8B | $60.8B |
| Shareholders' equity | $10.4B | $9.65B | $10.9B | $12.4B | $9.07B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Operating cash flow | $5.46B | $5.29B | $4.72B | $3.70B | $4.82B |
| Capital expenditures | $1.68B | $1.59B | $1.80B | $1.87B | $1.38B |
| Free cash flow | $3.78B | $3.70B | $2.92B | $1.82B | $3.44B |
| Depreciation and amortization | $2.04B | $2.03B | $3.09B | $3.36B | $2.33B |
| Stock-based compensation | $174.2M | $203.6M | $195.7M | $169.3M | $119.5M |
| Dividends paid | $3.18B | $3.03B | $2.95B | $2.63B | $2.27B |
| Share buybacks | $364.6M | $0 | $0 | $18.8M | $0 |
| Investing cash flow | -$1.86B | $410.6M | -$1.70B | -$2.36B | -$20.7B |
| Financing cash flow | -$4.21B | -$5.45B | -$3.10B | -$1.42B | $16.4B |
| Net change in cash | -$503.0M | $14.8M | -$47.3M | -$202.6M | $481.9M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.6% | 2.0% | 1.8% | 1.6% | 1.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 463.8M | −0.9% | SEC |
| Jul 21, 2026 | 466.0M | −0.5% | SEC |
| Apr 21, 2026 | 465.9M | −0.5% | SEC |
| Feb 17, 2026 | 466.1M | −0.3% | SEC |
| Oct 21, 2025 | 468.1M | +0.2% | SEC |
| Jul 22, 2025 | 468.3M | +0.3% | SEC |
| Apr 22, 2025 | 468.1M | +0.2% | SEC |
| Feb 18, 2025 | 467.5M | +0.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.