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AMT · NYSE · United States · Real Estate Investment Trusts
In shortAMERICAN TOWER CORP /MA/ is profitable, generates cash and carries heavy debt, with revenue growing (+5.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 45.5% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 23.8% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 71.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.2% | 68/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.40× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 10.19× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.19× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.56× | 20/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.11 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 35.5% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.50× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 6.0% | 89/100 |
| Operating margin volatility | 7.9% | 37/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.3% | 35/100 |
|---|---|---|
| EPS growth, 3-year average | 12.2% | 86/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 9,357 | 9,645 | 10,012 | 10,127 | 10,645 |
| Selling, general & admin | 812 | 902 | 946 | 933 | 941 |
| Operating income | 3,132 | 2,739 | 3,126 | 4,517 | 4,846 |
| Interest expense | 871 | 1,137 | 1,398 | 1,405 | 1,359 |
| Pre-tax income | 2,829 | 2,086 | 1,529 | 3,625 | 3,044 |
| Income tax | 262 | 113 | 91 | 366 | 416 |
| Net income | 2,568 | 1,766 | 1,483 | 2,255 | 2,530 |
| Diluted EPS | $5.66 | $3.82 | $3.18 | $4.82 | $5.40 |
| Diluted shares (millions) | 453 | 463 | 467 | 468 | 469 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−0.11 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 28, 2026