AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

191.92 USD
+3.73 (+1.98%)
Last: Feb 13, 2026, 01:11 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, AMT scores 4 out of 10 in our fundamental rating. AMT was compared to 28 industry peers in the Specialized REITs industry. AMT scores excellent on profitability, but there are concerns on its financial health. AMT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year AMT was profitable.
  • In the past year AMT had a positive cash flow from operations.
  • AMT had positive earnings in each of the past 5 years.
  • In the past 5 years AMT always reported a positive cash flow from operatings.
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 1B 2B 3B 4B 5B

1.2 Ratios

  • With a decent Return On Assets value of 4.60%, AMT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 74.34%, AMT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.50%, AMT belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for AMT is in line with the industry average of 5.06%.
  • The 3 year average ROIC (5.18%) for AMT is below the current ROIC(6.50%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.6%
ROE 74.34%
ROIC 6.5%
ROA(3y)2.86%
ROA(5y)3.16%
ROE(3y)44.56%
ROE(5y)45.11%
ROIC(3y)5.18%
ROIC(5y)5.17%
AMT Yearly ROA, ROE, ROICAMT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

  • AMT has a Profit Margin of 28.11%. This is in the better half of the industry: AMT outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of AMT has declined.
  • The Operating Margin of AMT (45.58%) is better than 71.43% of its industry peers.
  • AMT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of AMT (74.29%) is better than 64.29% of its industry peers.
  • AMT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 45.58%
PM (TTM) 28.11%
GM 74.29%
OM growth 3Y6.24%
OM growth 5Y3.81%
PM growth 3Y-6.73%
PM growth 5Y-2.21%
GM growth 3Y1.49%
GM growth 5Y1.06%
AMT Yearly Profit, Operating, Gross MarginsAMT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AMT is destroying value.
  • The number of shares outstanding for AMT has been increased compared to 1 year ago.
  • AMT has more shares outstanding than it did 5 years ago.
  • AMT has a worse debt/assets ratio than last year.
AMT Yearly Shares OutstandingAMT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 20B 40B 60B

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's Altman-Z score of 1.13 is fine compared to the rest of the industry. AMT outperforms 60.71% of its industry peers.
  • AMT has a debt to FCF ratio of 10.09. This is a negative value and a sign of low solvency as AMT would need 10.09 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 10.09, AMT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • AMT has a Debt/Equity ratio of 8.82. This is a high value indicating a heavy dependency on external financing.
  • AMT has a Debt to Equity ratio of 8.82. This is in the lower half of the industry: AMT underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.82
Debt/FCF 10.09
Altman-Z 1.13
ROIC/WACC0.87
WACC7.51%
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 10B 20B 30B

2.3 Liquidity

  • AMT has a Current Ratio of 0.59. 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 Current ratio (0.59) which is in line with its industry peers.
  • AMT has a Quick Ratio of 0.59. 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 Quick ratio (0.59) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.59
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 2B 4B 6B 8B

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

4

3. Growth

3.1 Past

  • AMT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.46%, which is quite impressive.
  • Measured over the past years, AMT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.80% on average per year.
  • The Revenue has been growing slightly by 4.18% in the past year.
  • The Revenue has been growing slightly by 5.96% on average over the past years.
EPS 1Y (TTM)26.46%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%104.49%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.38% on average over the next years.
  • AMT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y-28.03%
EPS Next 2Y-2.83%
EPS Next 3Y0.11%
EPS Next 5Y3.38%
Revenue Next Year0.66%
Revenue Next 2Y2.03%
Revenue Next 3Y2.68%
Revenue Next 5Y4.57%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
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

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 30.66, the valuation of AMT can be described as expensive.
  • Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 67.86% of the companies in the same industry.
  • AMT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.67.
  • AMT is valuated quite expensively with a Price/Forward Earnings ratio of 27.51.
  • AMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMT is cheaper than 64.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.69, AMT is valued at the same level.
Industry RankSector Rank
PE 30.66
Fwd PE 27.51
AMT Price Earnings VS Forward Price EarningsAMT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMT.
  • 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 24.34
EV/EBITDA 18.17
AMT Per share dataAMT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

4.3 Compensation for Growth

  • AMT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.6
EPS Next 2Y-2.83%
EPS Next 3Y0.11%

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 3.97%, AMT has a reasonable but not impressive dividend return.
  • AMT's Dividend Yield is slightly below the industry average, which is at 5.47.
  • Compared to an average S&P500 Dividend Yield of 1.80, AMT pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.97%

5.2 History

  • The dividend of AMT is nicely growing with an annual growth rate of 12.67%!
  • 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)12.67%
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

  • 106.15% 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.
DP106.15%
EPS Next 2Y-2.83%
EPS Next 3Y0.11%
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 1B 2B 3B
AMT Dividend Payout.AMT Dividend Payout, showing the Payout Ratio.AMT Dividend Payout.PayoutRetained Earnings

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AMERICAN TOWER CORP

NYSE:AMT (2/13/2026, 1:11:04 PM)

191.92

+3.73 (+1.98%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-28
Earnings (Next)02-24
Inst Owners95.16%
Inst Owner Change-0.21%
Ins Owners0.06%
Ins Owner Change0.27%
Market Cap89.85B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts80
Price Target222.81 (16.1%)
Short Float %1.42%
Short Ratio2.06
Dividend
Industry RankSector Rank
Dividend Yield 3.97%
Yearly Dividend6.59
Dividend Growth(5Y)12.67%
DP106.15%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-22.02%
Min EPS beat(2)-53.6%
Max EPS beat(2)9.56%
EPS beat(4)2
Avg EPS beat(4)-7.73%
Min EPS beat(4)-53.6%
Max EPS beat(4)49.1%
EPS beat(8)4
Avg EPS beat(8)-15.78%
EPS beat(12)5
Avg EPS beat(12)-33.2%
EPS beat(16)8
Avg EPS beat(16)-13.47%
Revenue beat(2)2
Avg Revenue beat(2)0.87%
Min Revenue beat(2)0.19%
Max Revenue beat(2)1.55%
Revenue beat(4)2
Avg Revenue beat(4)0.33%
Min Revenue beat(4)-0.33%
Max Revenue beat(4)1.55%
Revenue beat(8)5
Avg Revenue beat(8)-0.67%
Revenue beat(12)8
Avg Revenue beat(12)-3.61%
Revenue beat(16)11
Avg Revenue beat(16)-2.61%
PT rev (1m)-4.01%
PT rev (3m)-8.37%
EPS NQ rev (1m)-0.93%
EPS NQ rev (3m)-2.1%
EPS NY rev (1m)-0.45%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE 30.66
Fwd PE 27.51
P/S 8.59
P/FCF 24.34
P/OCF 17.16
P/B 22.73
P/tB N/A
EV/EBITDA 18.17
EPS(TTM)6.26
EY3.26%
EPS(NY)6.98
Fwd EY3.64%
FCF(TTM)7.88
FCFY4.11%
OCF(TTM)11.18
OCFY5.83%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.6
Graham Number34.49
Profitability
Industry RankSector Rank
ROA 4.6%
ROE 74.34%
ROCE 8.23%
ROIC 6.5%
ROICexc 6.73%
ROICexgc 13.01%
OM 45.58%
PM (TTM) 28.11%
GM 74.29%
FCFM 35.3%
ROA(3y)2.86%
ROA(5y)3.16%
ROE(3y)44.56%
ROE(5y)45.11%
ROIC(3y)5.18%
ROIC(5y)5.17%
ROICexc(3y)5.37%
ROICexc(5y)5.37%
ROICexgc(3y)11.15%
ROICexgc(5y)11.35%
ROCE(3y)6.56%
ROCE(5y)6.55%
ROICexgc growth 3Y7.7%
ROICexgc growth 5Y1.6%
ROICexc growth 3Y13.68%
ROICexc growth 5Y2.09%
OM growth 3Y6.24%
OM growth 5Y3.81%
PM growth 3Y-6.73%
PM growth 5Y-2.21%
GM growth 3Y1.49%
GM growth 5Y1.06%
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 8.82
Debt/FCF 10.09
Debt/EBITDA 5.13
Cap/Depr 76.22%
Cap/Sales 14.77%
Interest Coverage 3.63
Cash Conversion 77.09%
Profit Quality 125.61%
Current Ratio 0.59
Quick Ratio 0.59
Altman-Z 1.13
F-Score6
WACC7.51%
ROIC/WACC0.87
Cap/Depr(3y)62.98%
Cap/Depr(5y)60.55%
Cap/Sales(3y)17.69%
Cap/Sales(5y)16.13%
Profit Quality(3y)154.82%
Profit Quality(5y)153.43%
High Growth Momentum
Growth
EPS 1Y (TTM)26.46%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%104.49%
EPS Next Y-28.03%
EPS Next 2Y-2.83%
EPS Next 3Y0.11%
EPS Next 5Y3.38%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%
Revenue Next Year0.66%
Revenue Next 2Y2.03%
Revenue Next 3Y2.68%
Revenue Next 5Y4.57%
EBIT growth 1Y15.4%
EBIT growth 3Y9.08%
EBIT growth 5Y10%
EBIT Next Year49.13%
EBIT Next 3Y17.28%
EBIT Next 5Y13.43%
FCF growth 1Y30.25%
FCF growth 3Y2.43%
FCF growth 5Y6.03%
OCF growth 1Y9.86%
OCF growth 3Y3.15%
OCF growth 5Y7.11%

AMERICAN TOWER CORP / AMT FAQ

What is the fundamental rating for AMT stock?

ChartMill assigns a fundamental rating of 4 / 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 7 / 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 30.66 and the Price/Book (PB) ratio is 22.73.


Can you provide the expected EPS growth for AMT stock?

The Earnings per Share (EPS) of AMERICAN TOWER CORP (AMT) is expected to decline by -28.03% in the next year.