AMT
$162.20+0.71%
as of close, Oct 2, 2026
☾ AH $162.20 +0.71%
American Tower Corporation (REIT)Stock · Real EstateUS REITs 4.5%S&P 500 Equal Weight 0.2%S&P 500 0.1%Russell 1000 0.1%US Stock Market 0.1%Russell 3000 0.1%MSCI World 0.10%MSCI ACWI 0.08%
AMT financial statements
The full income statement, balance sheet, and cash-flow statement for American Tower Corporation (REIT) (AMT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 467.1M2024-09 467.3M2024-12 467.5M2025-03 468.1M2025-06 468.3M2025-09 468.1M2025-12 466.1M2026-03 465.9M2026-06 466.0M-0.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 10.6B+5.1% | 10.1B+1.1% | 10.0B+3.8% | 9.65B+3.1% | 9.36B+16.4% | ||
| Lease income | 9.71B+3.8% | 9.35B+0.9% | 9.26B+5.2% | 8.80B+1.9% | 8.64B+14.5% | |
| Selling, general & administrative | 941M+0.8% | 933M-1.3% | 946M+4.9% | 902M+11.2% | 812M+4.2% | |
| Amortization of intangibles | 880M-1.4% | 892M-36.3% | 1.40B-12.5% | 1.60B+33.3% | 1.20B+33.3% | |
| Operating income | 4.85B+7.3% | 4.52B+44.5% | 3.13B+14.1% | 2.74B-12.6% | 3.13B+8.5% | |
| Interest expense | 1.36B-3.2% | 1.40B+0.5% | 1.40B+23.0% | 1.14B+30.5% | 871M+9.8% | |
| Other non-operating income | -576M-252.6% | 378M+215.7% | -326M-175.1% | 435M-23.2% | 566M+335.1% | |
| Gain (loss) on equity securities | 233M+230.4% | 70.4M+1537.2% | 4.30M+125.7% | -16.7M-373.8% | 6.10M | |
| Pre-tax income | 3.04B-16.0% | 3.62B+137.0% | 1.53B-26.7% | 2.09B-26.3% | 2.83B+55.4% | |
| Income tax | 416M+13.5% | 366M+303.4% | 90.8M-19.5% | 113M-56.9% | 262M+102.0% | |
| 2.63B+15.3% | 2.28B+66.8% | 1.37B-19.4% | 1.70B-33.9% | 2.57B+51.9% | ||
| Discontinued operations | 0.00+100.0% | -978M-1270.2% | -71.4M+74.2% | -277M | — | |
| Net income to non-controlling interest | 99.0M+292.9% | 25.2M+121.7% | -116M-68.2% | -69.1M-69000.0% | -100K-111.1% | |
| Net income to common | 2.53B+12.2% | 2.25B+52.0% | 1.48B-16.0% | 1.77B-31.2% | 2.57B+51.9% | |
| $5.40+12.0% | $4.82+51.6% | $3.18-16.8% | $3.82-32.5% | $5.66+49.3% | ||
| EPS (basic) | $5.41+12.0% | $4.83+51.9% | $3.18-17.0% | $3.83-32.7% | $5.69+49.3% | |
| Weighted-avg shares (basic) | 468M+0.2% | 467M+0.2% | 466M+1.0% | 462M+2.2% | 451M+1.8% | |
| Weighted-avg shares (diluted) | 469M+0.1% | 468M+0.2% | 467M+1.0% | 463M+2.1% | 453M+1.6% | |
| Dividends per share | $6.72+2.4% | $6.56+1.7% | $6.45+10.1% | $5.86+17.6% | $4.98+14.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.74B-13.7% | 3.18B-14.3% | 3.71B+2.4% | 3.62B-2.9% | 3.73B+28.4% | ||
| Cash & equivalents | 1.47B-26.2% | 2.00B+14.0% | 1.75B+13.2% | 1.55B-20.6% | 1.95B+11.7% | |
| Accounts receivable | 650M+20.4% | 540M-1.4% | 548M-27.8% | 758M+4.0% | 729M+42.5% | |
| Prepaid expenses | 486M-8.3% | 531M-5.2% | 560M-22.6% | 723M+10.1% | 657M+23.4% | |
| 63.2B+3.5% | 61.1B-7.5% | 66.0B-1.7% | 67.2B-3.9% | 69.9B+48.0% | ||
| Operating lease right-of-use | 8.43B+4.2% | 8.09B-1.4% | 8.21B-8.0% | 8.92B-3.3% | 9.23B+18.4% | |
| Goodwill | 12.3B+4.1% | 11.8B-2.6% | 12.1B+0.1% | 12.1B-9.6% | 13.4B+83.3% | |
| Intangible assets | 14.5B+0.4% | 14.5B-9.2% | 15.9B-11.4% | 18.0B-13.2% | 20.7B+49.8% | |
| Deferred tax assets | 151M+23.4% | 123M-31.5% | 179M+38.6% | 129M-1.8% | 132M+6.9% | |
| Other non-current assets | 877M+29.5% | 677M-10.4% | 755M+38.2% | 547M+36.4% | 401M+0.2% | |
| 6.91B-2.3% | 7.08B-2.4% | 7.25B-12.8% | 8.31B-8.3% | 9.07B+148.0% | ||
| Accounts payable | 260M+7.9% | 241M-4.2% | 251M+15.0% | 219M-19.8% | 272M+95.8% | |
| Accrued liabilities | 1.11B+2.8% | 1.08B+2.8% | 1.05B-21.7% | 1.34B-4.9% | 1.41B+35.4% | |
| Deferred revenue | 325M-1.3% | 329M-24.1% | 434M-1.3% | 440M-63.5% | 1.20B+208.2% | |
| Short-term & current debt | 3.39B-8.3% | 3.69B+20.4% | 3.07B-32.1% | 4.51B-1.2% | 4.57B+478.5% | |
| Current lease liability | 585M+1.4% | 577M-16.5% | 690M-12.5% | 789M+10.7% | 713M+32.0% | |
| Finance lease liability (current) | — | 2.60M-23.5% | 3.40M-27.7% | 4.70M-29.9% | 6.70M+36.7% | |
| 52.8B+2.7% | 51.4B-6.8% | 55.2B+0.7% | 54.8B-9.9% | 60.8B+43.3% | ||
| Long-term debt | 33.8B+3.1% | 32.8B-8.2% | 35.7B-8.1% | 38.9B-10.6% | 43.5B+52.6% | |
| Deferred revenue (non-current) | — | 521M+9.7% | 475M-3.0% | 490M-9.4% | 540M-6.2% | |
| Non-current lease liability | 7.16B+4.1% | 6.88B+0.9% | 6.82B-10.2% | 7.59B-5.6% | 8.04B+16.8% | |
| Operating lease liability (total) | 7.74B+3.9% | 7.45B-0.7% | 7.51B-10.4% | 8.38B-4.3% | 8.75B+17.9% | |
| Finance lease liability (total) | 15.9M-4.2% | 16.6M-19.4% | 20.6M-25.9% | 27.8M-12.0% | 31.6M+13.3% | |
| Finance lease liability | — | 14.0M-18.6% | 17.2M-25.5% | 23.1M-7.2% | 24.9M+8.3% | |
| Deferred tax liabilities | 1.44B+14.1% | 1.26B-3.7% | 1.31B-12.2% | 1.49B-18.5% | 1.83B+113.0% | |
| Other non-current liabilities | 977M-3.6% | 1.01B-11.9% | 1.15B-3.1% | 1.19B-0.3% | 1.19B+20.8% | |
| 3.65B+8.0% | 3.38B-19.4% | 4.20B-24.7% | 5.57B+9.7% | 5.08B+24.1% | ||
| Common stock | 4.80M+0.0% | 4.80M+0.0% | 4.80M+0.0% | 4.80M+2.1% | 4.70M+2.2% | |
| Additional paid-in capital | 15.2B+1.0% | 15.1B+1.2% | 14.9B+1.3% | 14.7B+20.0% | 12.2B+16.9% | |
| Retained earnings | -5.09B-15.0% | -4.42B-21.6% | -3.64B-73.1% | -2.10B-84.0% | -1.14B+14.9% | |
| Treasury stock | 1.67B+28.0% | 1.30B+0.0% | 1.30B+0.0% | 1.30B+1.5% | 1.28B+0.0% | |
| Accumulated other comprehensive income | -4.82B+19.1% | -5.95B-3.7% | -5.74B-0.4% | -5.72B-20.7% | -4.74B-26.1% | |
| Non-controlling interest | 6.70B+7.0% | 6.27B-6.0% | 6.67B-2.5% | 6.84B+71.4% | 3.99B+739.8% | |
| Total equity incl. non-controlling | 10.4B+7.3% | 9.65B-11.2% | 10.9B-12.4% | 12.4B+36.8% | 9.07B+98.5% | |
| Total liabilities & equity | 63.2B+3.5% | 61.1B-7.5% | 66.0B-1.7% | 67.2B-3.9% | 69.9B+48.0% | |
| Common shares issued | 479M+0.2% | 478M+0.2% | 477M+0.1% | 477M+2.1% | 467M+2.5% | |
| Common shares outstanding | 466M-0.2% | 467M+0.2% | 466M+0.1% | 466M+2.2% | 456M+2.6% | |
| Shares outstanding (cover) | 466M-0.3% | 467M+0.2% | 466M+0.2% | 466M+2.1% | 456M+2.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.46B+3.3% | 5.29B+12.0% | 4.72B+27.8% | 3.70B-23.3% | 4.82B+24.2% | ||
| Depreciation & amortization | 2.04B+0.6% | 2.03B-30.7% | 2.93B-7.5% | 3.16B+35.7% | 2.33B+23.9% | |
| Intangible amortization | 880M-1.4% | 892M-36.3% | 1.40B-12.5% | 1.60B+33.3% | 1.20B+33.3% | |
| Share-based compensation | 174M-14.4% | 204M+4.0% | 196M+15.6% | 169M+41.7% | 120M-1.1% | |
| Change in receivables | 62.2M-39.8% | 103M+199.7% | 34.5M-56.1% | 78.6M-59.0% | 192M+9.2% | |
| -1.86B-552.9% | 411M+124.2% | -1.70B+28.0% | -2.36B+88.6% | -20.7B-332.5% | ||
| Capital expenditure | 1.68B+5.7% | 1.59B-11.6% | 1.80B-4.0% | 1.87B+36.1% | 1.38B+33.4% | |
| Free cash flow | 3.78B+2.2% | 3.70B+26.5% | 2.92B+60.4% | 1.82B-47.1% | 3.44B+20.8% | |
| Acquisitions | 454M+269.3% | 123M-26.8% | 168M-69.4% | 549M-97.2% | 19.3B+408.1% | |
| Other investing activities | 19.8M-93.1% | 288M+213.9% | -253M-429.9% | -47.8M-5411.1% | 900K+103.4% | |
| -4.21B+22.8% | -5.45B-76.0% | -3.10B-117.6% | -1.42B-108.7% | 16.4B+1251.5% | ||
| Long-term debt issued | 3.00B-15.9% | 3.57B-37.2% | 5.68B+339.0% | 1.29B-80.9% | 6.76B-14.7% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 2.29B-3.0% | 2.36B | |
| Common stock repurchased | 365M | 0.00 | 0.00-100.0% | 18.8M | 0.00-100.0% | |
| Dividends paid | 3.18B+5.1% | 3.03B+0.7% | 3.01B+10.7% | 2.72B+19.6% | 2.27B+17.8% | |
| Other financing activities | -234M-6.9% | -219M-51.2% | -145M-52.3% | -94.9M+39.1% | -156M+11.7% | |
| FX effect on cash | 101M+143.3% | -234M-1108.2% | 23.2M+119.3% | -120M-71.3% | -70.3M-144.9% | |
| Net change in cash | -503M-3498.6% | 14.8M+131.3% | -47.3M+76.7% | -203M-142.0% | 482M+70.0% | |
| Interest paid | 1.29B-9.6% | 1.42B+13.0% | 1.26B+15.7% | 1.09B+37.6% | 791M+3.8% | |
| Income taxes paid | 329M-6.3% | 351M+14.5% | 307M-4.9% | 322M+43.1% | 225M+53.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 81.8B-4.6% | 85.7B-14.8% | 101B+2.0% | 98.6B-26.0% | 133B+33.7% | |
| P/E | 31.1×-17.2% | 37.6×-36.6% | 59.3×+54.4% | 38.4×-26.0% | 51.9×-12.0% | |
| P/S | 7.7×-9.2% | 8.5×-22.6% | 10.9×+16.0% | 9.4×-33.8% | 14.3×+14.9% | |
| P/B | 22.4×-11.6% | 25.3×+14.2% | 22.2×+41.4% | 15.7×-40.2% | 26.2×+7.7% | |
| P/FCF | 21.6×-6.7% | 23.2×-34.8% | 35.5×-45.5% | 65.1×+68.2% | 38.7×+10.6% | |
| Earnings yield | 3.2%+20.8% | 2.7%+57.7% | 1.7%-35.2% | 2.6%+35.2% | 1.9%+13.6% | |
| FCF yield | 4.6%+7.1% | 4.3%+53.3% | 2.8%+83.4% | 1.5%-40.5% | 2.6%-9.6% | |
| Dividend yield | 3.8%+7.0% | 3.6%+19.7% | 3.0%+8.0% | 2.8%+62.4% | 1.7%-11.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AMT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AMT filings on SEC EDGAR → Not investment advice.