AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

185.01 USD
+2.53 (+1.39%)
At close: Feb 26, 2026
183.11 USD
-1.9 (-1.03%)
After Hours: 2/26/2026, 8:10:22 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

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 belongs to the best of the industry regarding profitability, there are concerns on its financial health. AMT is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

8

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.
  • Each year in the past 5 years AMT had a positive operating cash flow.
AMT Yearly Net Income VS EBIT VS OCF VS FCFAMT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • With a decent Return On Assets value of 4.00%, AMT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • AMT's Return On Equity of 69.25% is amongst the best of the industry. AMT outperforms 100.00% of its industry peers.
  • With an excellent Return On Invested Capital value of 7.59%, AMT belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMT is in line with the industry average of 4.81%.
  • The 3 year average ROIC (6.81%) for AMT is below the current ROIC(7.59%), indicating increased profibility in the last year.
Industry RankSector 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%
AMT Yearly ROA, ROE, ROICAMT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • With a decent Profit Margin value of 23.76%, AMT is doing good in the industry, outperforming 60.71% of the companies in the same industry.
  • AMT's Profit Margin has improved in the last couple of years.
  • 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.
  • In the last couple of years the Operating Margin of AMT has grown nicely.
  • With a decent Gross Margin value of 74.18%, AMT is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • AMT's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
AMT Yearly Profit, Operating, Gross MarginsAMT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AMT is still creating some value.
  • AMT has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AMT has more shares outstanding
  • Compared to 1 year ago, AMT has an improved debt to assets ratio.
AMT Yearly Shares OutstandingAMT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
AMT Yearly Total Debt VS Total AssetsAMT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • AMT has an Altman-Z score of 1.10. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of AMT (1.10) is better than 60.71% of its industry peers.
  • 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.
  • AMT has a better Debt to FCF ratio (9.84) 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.
  • AMT has a worse Debt to Equity ratio (9.26) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 9.26
Debt/FCF 9.84
Altman-Z 1.1
ROIC/WACC1
WACC7.56%
AMT Yearly LT Debt VS Equity VS FCFAMT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.40 indicates that AMT may have some problems paying its short term obligations.
  • The Current ratio of AMT (0.40) is worse than 67.86% of its industry peers.
  • A Quick Ratio of 0.40 indicates that AMT may have some problems paying its short term obligations.
  • The Quick ratio of AMT (0.40) is worse than 67.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.4
Quick Ratio 0.4
AMT Yearly Current Assets VS Current LiabilitesAMT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for AMT have decreased strongly by -15.16% in the last year.
  • AMT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.59% yearly.
  • Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 5.11% in the last year.
  • AMT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.77% yearly.
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

  • The Earnings Per Share is expected to grow by 8.79% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.04% on average over the next years.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
AMT Yearly Revenue VS EstimatesAMT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B
AMT Yearly EPS VS EstimatesAMT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • AMT is valuated quite expensively with a Price/Earnings ratio of 29.51.
  • 64.29% of the companies in the same industry are more expensive than AMT, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of AMT to the average of the S&P500 Index (27.11), we can say AMT is valued inline with the index average.
  • A Price/Forward Earnings ratio of 26.52 indicates a quite expensive valuation of AMT.
  • AMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMT is cheaper than 67.86% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AMT to the average of the S&P500 Index (28.13), we can say AMT is valued inline with the index average.
Industry RankSector Rank
PE 29.51
Fwd PE 26.52
AMT Price Earnings VS Forward Price EarningsAMT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • AMT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMT is cheaper than 67.86% of the companies in the same industry.
  • AMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMT is cheaper than 67.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.89
EV/EBITDA 17.77
AMT Per share dataAMT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AMT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.62
PEG (5Y)2.79
EPS Next 2Y8.75%
EPS Next 3Y9.05%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.73%, AMT has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 5.32, AMT is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.80, AMT pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.73%

5.2 History

  • On average, the dividend of AMT grows each year by 9.20%, which is quite nice.
  • AMT has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AMT has decreased its dividend recently.
Dividend Growth(5Y)9.2%
Div Incr Years1
Div Non Decr Years1
AMT Yearly Dividends per shareAMT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • 124.82% of the earnings are spent on dividend by AMT. This is not a sustainable payout ratio.
  • The dividend of AMT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP124.82%
EPS Next 2Y8.75%
EPS Next 3Y9.05%
AMT Yearly Income VS Free CF VS DividendAMT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
AMT Dividend Payout.AMT Dividend Payout, showing the Payout Ratio.AMT Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AMERICAN TOWER CORP

NYSE:AMT (2/26/2026, 8:10:22 PM)

After market: 183.11 -1.9 (-1.03%)

185.01

+2.53 (+1.39%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-24
Earnings (Next)04-27
Inst Owners95.16%
Inst Owner Change11.22%
Ins Owners0.06%
Ins Owner Change0.27%
Market Cap86.61B
Revenue(TTM)10.64B
Net Income(TTM)2.53B
Analysts79.26
Price Target221.17 (19.54%)
Short Float %1.27%
Short Ratio1.78
Dividend
Industry RankSector Rank
Dividend Yield 3.73%
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)-1.35%
PT rev (3m)-5.86%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)-0.81%
EPS NY rev (1m)0.05%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE 29.51
Fwd PE 26.52
P/S 8.14
P/FCF 22.89
P/OCF 15.85
P/B 23.71
P/tB N/A
EV/EBITDA 17.77
EPS(TTM)6.27
EY3.39%
EPS(NY)6.98
Fwd EY3.77%
FCF(TTM)8.08
FCFY4.37%
OCF(TTM)11.67
OCFY6.31%
SpS22.74
BVpS7.8
TBVpS-49.42
PEG (NY)2.62
PEG (5Y)2.79
Graham Number33.18
Profitability
Industry RankSector 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 RankSector 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 1.1
F-Score7
WACC7.56%
ROIC/WACC1
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 29.51 and the Price/Book (PB) ratio is 23.71.


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.