AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis
NYSE:AMT • US03027X1000
191.86 USD
+6.85 (+3.7%)
At close: Feb 27, 2026
191.5 USD
-0.36 (-0.19%)
After Hours: 2/27/2026, 8:04:00 PM
AMT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. While AMT has a great profitability rating, there are quite some concerns on its financial health. AMT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year AMT was profitable.
- AMT had a positive operating cash flow in the past year.
- AMT had positive earnings in each of the past 5 years.
- AMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.00%, AMT is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- AMT has a better Return On Equity (69.25%) than 100.00% of its industry peers.
- AMT has a Return On Invested Capital of 7.59%. This is amongst the best in the industry. AMT outperforms 89.29% of its industry peers.
- AMT had an Average Return On Invested Capital over the past 3 years of 6.81%. This is in line with the industry average of 4.97%.
- The last Return On Invested Capital (7.59%) for AMT is above the 3 year average (6.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 69.25% | ||
| ROIC | 7.59% |
ROA(3y)3.31%
ROA(5y)3.25%
ROE(3y)57.09%
ROE(5y)50.7%
ROIC(3y)6.81%
ROIC(5y)6.01%
1.3 Margins
- AMT has a Profit Margin of 23.76%. This is in the better half of the industry: AMT outperforms 60.71% of its industry peers.
- In the last couple of years the Profit Margin of AMT has grown nicely.
- With a decent Operating Margin value of 45.52%, AMT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- AMT's Operating Margin has improved in the last couple of years.
- The Gross Margin of AMT (74.18%) is better than 75.00% of its industry peers.
- AMT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.52% | ||
| PM (TTM) | 23.76% | ||
| GM | 74.18% |
OM growth 3Y13.38%
OM growth 5Y2.97%
PM growth 3Y9.08%
PM growth 5Y2.48%
GM growth 3Y0.37%
GM growth 5Y0.51%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMT is creating some value.
- Compared to 1 year ago, AMT has about the same amount of shares outstanding.
- Compared to 5 years ago, AMT has more shares outstanding
- The debt/assets ratio for AMT has been reduced compared to a year ago.
2.2 Solvency
- AMT has an Altman-Z score of 1.13. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
- AMT has a Altman-Z score (1.13) which is comparable to the rest of the industry.
- The Debt to FCF ratio of AMT is 9.84, which is on the high side as it means it would take AMT, 9.84 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of AMT (9.84) is better than 71.43% of its industry peers.
- AMT has a Debt/Equity ratio of 9.26. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 9.26, AMT is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.26 | ||
| Debt/FCF | 9.84 | ||
| Altman-Z | 1.13 |
ROIC/WACC1.01
WACC7.51%
2.3 Liquidity
- AMT has a Current Ratio of 0.40. This is a bad value and indicates that AMT is not financially healthy enough and could expect problems in meeting its short term obligations.
- AMT has a worse Current ratio (0.40) than 67.86% of its industry peers.
- AMT has a Quick Ratio of 0.40. This is a bad value and indicates that AMT is not financially healthy enough and could expect problems in meeting its short term obligations.
- AMT's Quick ratio of 0.40 is on the low side compared to the rest of the industry. AMT is outperformed by 67.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
- The earnings per share for AMT have decreased strongly by -15.16% in the last year.
- Measured over the past years, AMT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.59% on average per year.
- The Revenue has been growing slightly by 5.11% in the past year.
- The Revenue has been growing slightly by 5.77% on average over the past years.
EPS 1Y (TTM)-15.16%
EPS 3Y17.75%
EPS 5Y10.59%
EPS Q2Q%0.38%
Revenue 1Y (TTM)5.11%
Revenue growth 3Y3.34%
Revenue growth 5Y5.77%
Sales Q2Q%7.45%
3.2 Future
- AMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.79% yearly.
- Based on estimates for the next years, AMT will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
EPS Next Y11.28%
EPS Next 2Y8.75%
EPS Next 3Y9.05%
EPS Next 5Y8.79%
Revenue Next Year3.41%
Revenue Next 2Y3.71%
Revenue Next 3Y5.04%
Revenue Next 5Y5.04%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- AMT is valuated quite expensively with a Price/Earnings ratio of 30.60.
- 64.29% of the companies in the same industry are more expensive than AMT, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.07, AMT is valued at the same level.
- With a Price/Forward Earnings ratio of 27.50, AMT can be considered very expensive at the moment.
- 67.86% of the companies in the same industry are more expensive than AMT, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of AMT to the average of the S&P500 Index (28.05), we can say AMT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.6 | ||
| Fwd PE | 27.5 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMT.
- 67.86% of the companies in the same industry are more expensive than AMT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.74 | ||
| EV/EBITDA | 18.23 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AMT does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of AMT may justify a higher PE ratio.
PEG (NY)2.71
PEG (5Y)2.89
EPS Next 2Y8.75%
EPS Next 3Y9.05%
5. Dividend
5.1 Amount
- AMT has a Yearly Dividend Yield of 3.68%.
- Compared to an average industry Dividend Yield of 5.36, AMT is paying slightly less dividend.
- AMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
- On average, the dividend of AMT grows each year by 9.20%, which is quite nice.
- AMT has paid a dividend for at least 10 years, which is a reliable track record.
- AMT has decreased its dividend recently.
Dividend Growth(5Y)9.2%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 124.82% of the earnings are spent on dividend by AMT. This is not a sustainable payout ratio.
- AMT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP124.82%
EPS Next 2Y8.75%
EPS Next 3Y9.05%
191.86
+6.85 (+3.7%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-24 2026-02-24/bmo
Earnings (Next)04-27 2026-04-27
Inst Owners95.16%
Inst Owner Change11.23%
Ins Owners0.06%
Ins Owner Change3.25%
Market Cap89.82B
Revenue(TTM)10.64B
Net Income(TTM)2.53B
Analysts79.26
Price Target221.17 (15.28%)
Short Float %1.27%
Short Ratio1.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend6.75
Dividend Growth(5Y)9.2%
DP124.82%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)42.82%
Min EPS beat(2)9.56%
Max EPS beat(2)76.08%
EPS beat(4)2
Avg EPS beat(4)-0.98%
Min EPS beat(4)-53.6%
Max EPS beat(4)76.08%
EPS beat(8)5
Avg EPS beat(8)3.86%
EPS beat(12)6
Avg EPS beat(12)-6.88%
EPS beat(16)9
Avg EPS beat(16)-7.81%
Revenue beat(2)2
Avg Revenue beat(2)1.24%
Min Revenue beat(2)0.94%
Max Revenue beat(2)1.55%
Revenue beat(4)3
Avg Revenue beat(4)0.65%
Min Revenue beat(4)-0.08%
Max Revenue beat(4)1.55%
Revenue beat(8)5
Avg Revenue beat(8)-0.63%
Revenue beat(12)9
Avg Revenue beat(12)-0.24%
Revenue beat(16)11
Avg Revenue beat(16)-2.58%
PT rev (1m)-2.08%
PT rev (3m)-6.56%
EPS NQ rev (1m)-1.7%
EPS NQ rev (3m)-2.67%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-0.83%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.6 | ||
| Fwd PE | 27.5 | ||
| P/S | 8.44 | ||
| P/FCF | 23.74 | ||
| P/OCF | 16.44 | ||
| P/B | 24.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.23 |
EPS(TTM)6.27
EY3.27%
EPS(NY)6.98
Fwd EY3.64%
FCF(TTM)8.08
FCFY4.21%
OCF(TTM)11.67
OCFY6.08%
SpS22.74
BVpS7.8
TBVpS-49.42
PEG (NY)2.71
PEG (5Y)2.89
Graham Number33.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 69.25% | ||
| ROCE | 8.61% | ||
| ROIC | 7.59% | ||
| ROICexc | 7.79% | ||
| ROICexgc | 15.24% | ||
| OM | 45.52% | ||
| PM (TTM) | 23.76% | ||
| GM | 74.18% | ||
| FCFM | 35.54% |
ROA(3y)3.31%
ROA(5y)3.25%
ROE(3y)57.09%
ROE(5y)50.7%
ROIC(3y)6.81%
ROIC(5y)6.01%
ROICexc(3y)7.03%
ROICexc(5y)6.21%
ROICexgc(3y)14.1%
ROICexgc(5y)13.02%
ROCE(3y)7.72%
ROCE(5y)6.82%
ROICexgc growth 3Y14.16%
ROICexgc growth 5Y2.53%
ROICexc growth 3Y18.61%
ROICexc growth 5Y3.19%
OM growth 3Y13.38%
OM growth 5Y2.97%
PM growth 3Y9.08%
PM growth 5Y2.48%
GM growth 3Y0.37%
GM growth 5Y0.51%
F-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.26 | ||
| Debt/FCF | 9.84 | ||
| Debt/EBITDA | 4.91 | ||
| Cap/Depr | 82.31% | ||
| Cap/Sales | 15.79% | ||
| Interest Coverage | 3.76 | ||
| Cash Conversion | 79.33% | ||
| Profit Quality | 149.58% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.13 |
F-Score7
WACC7.51%
ROIC/WACC1.01
Cap/Depr(3y)71.8%
Cap/Depr(5y)66.05%
Cap/Sales(3y)16.48%
Cap/Sales(5y)16.72%
Profit Quality(3y)170.28%
Profit Quality(5y)149.63%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.16%
EPS 3Y17.75%
EPS 5Y10.59%
EPS Q2Q%0.38%
EPS Next Y11.28%
EPS Next 2Y8.75%
EPS Next 3Y9.05%
EPS Next 5Y8.79%
Revenue 1Y (TTM)5.11%
Revenue growth 3Y3.34%
Revenue growth 5Y5.77%
Sales Q2Q%7.45%
Revenue Next Year3.41%
Revenue Next 2Y3.71%
Revenue Next 3Y5.04%
Revenue Next 5Y5.04%
EBIT growth 1Y7.29%
EBIT growth 3Y17.17%
EBIT growth 5Y8.91%
EBIT Next Year47.73%
EBIT Next 3Y18.96%
EBIT Next 5Y13.26%
FCF growth 1Y2.25%
FCF growth 3Y27.57%
FCF growth 5Y5.83%
OCF growth 1Y3.28%
OCF growth 3Y13.92%
OCF growth 5Y7.08%
AMERICAN TOWER CORP / AMT FAQ
What is the fundamental rating for AMT stock?
ChartMill assigns a fundamental rating of 5 / 10 to AMT.
What is the valuation status for AMT stock?
ChartMill assigns a valuation rating of 4 / 10 to AMERICAN TOWER CORP (AMT). This can be considered as Fairly Valued.
Can you provide the profitability details for AMERICAN TOWER CORP?
AMERICAN TOWER CORP (AMT) has a profitability rating of 8 / 10.
What are the PE and PB ratios of AMERICAN TOWER CORP (AMT) stock?
The Price/Earnings (PE) ratio for AMERICAN TOWER CORP (AMT) is 30.6 and the Price/Book (PB) ratio is 24.59.
Can you provide the expected EPS growth for AMT stock?
The Earnings per Share (EPS) of AMERICAN TOWER CORP (AMT) is expected to grow by 11.28% in the next year.