American Tower financials
$168.00−0.61%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.64B | $10.13B | $10.01B | $9.65B | $9.36B | $8.04B | $7.58B | $7.44B | $6.66B | $5.79B |
| Gross profit | $7.90B | $7.55B | $7.45B | $7.08B | $6.67B | $5.81B | $5.36B | $5.26B | $4.61B | $4.00B |
| Gross margin | 74.2% | 74.6% | 74.4% | 73.4% | 71.3% | 72.3% | 70.8% | 70.7% | 69.1% | 69.1% |
| Operating income | $4.85B | $4.52B | $3.13B | $2.74B | $3.13B | $2.89B | $2.69B | $1.91B | $2.00B | $1.85B |
| Net income | $2.53B | $2.25B | $1.48B | $1.77B | $2.57B | $1.69B | $1.89B | $1.23B | $1.15B | $849.3M |
| Net margin | 23.8% | 22.3% | 14.8% | 18.3% | 27.4% | 21.0% | 24.9% | 16.5% | 17.3% | 14.7% |
| Diluted EPS | $5.40 | $4.82 | $3.18 | $3.82 | $5.66 | $3.79 | $4.24 | $2.77 | $2.67 | $1.98 |
| EBITDA | $6.89B | $6.64B | $6.29B | $6.09B | $5.46B | $4.77B | $4.47B | $4.02B | $3.71B | $3.38B |
| Operating cash flow | $5.46B | $5.29B | $4.72B | $3.70B | $4.82B | $3.88B | $3.75B | $3.75B | $2.93B | $2.70B |
| Free cash flow | $3.78B | $3.70B | $2.92B | $1.82B | $3.44B | $2.85B | $2.76B | $2.84B | $2.12B | $2.02B |
| Diluted shares | 468.8M | 468.1M | 467.2M | 462.8M | 453.3M | 446.1M | 445.5M | 443.0M | 431.7M | 429.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.47B | $2.00B | $1.75B | $2.03B | $1.95B | $1.75B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $37.65B | $36.88B | $39.19B | $38.93B | $43.51B | $29.50B |
| Total assets | $63.19B | $61.08B | $66.03B | $67.19B | $69.89B | $47.23B |
| Total liabilities | $52.84B | $51.43B | $55.16B | $54.79B | $60.82B | $42.45B |
| Shareholders' equity | $10.36B | $9.65B | $10.87B | $12.41B | $9.07B | $4.57B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology