AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

187.31 USD
+2.52 (+1.36%)
At close: Feb 20, 2026
187.31 USD
0 (0%)
After Hours: 2/20/2026, 8:16:53 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

  • AMT had positive earnings in the past year.
  • AMT had a positive operating cash flow in the past year.
  • In the past 5 years AMT has always been profitable.
  • 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 1B 2B 3B 4B 5B

1.2 Ratios

  • The Return On Assets of AMT (4.60%) is better than 71.43% of its industry peers.
  • AMT has a Return On Equity of 74.34%. This is amongst the best in the industry. AMT outperforms 100.00% of its industry peers.
  • AMT has a better Return On Invested Capital (6.50%) than 85.71% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMT is in line with the industry average of 4.75%.
  • The last Return On Invested Capital (6.50%) for AMT is above the 3 year average (5.18%), which is a sign of increasing profitability.
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 better Profit Margin (28.11%) than 64.29% of its industry peers.
  • AMT's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 45.58%, AMT is in the better half of 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.
  • AMT has a Gross Margin of 74.29%. This is in the better half of the industry: AMT outperforms 64.29% of its industry peers.
  • In the last couple of years the Gross Margin of AMT has remained more or less at the same level.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMT is destroying value.
  • The number of shares outstanding for AMT has been increased compared to 1 year ago.
  • Compared to 5 years ago, AMT has more shares outstanding
  • 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

  • Based on the Altman-Z score of 1.13, we must say that AMT is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of AMT (1.13) is better than 64.29% of its industry peers.
  • The Debt to FCF ratio of AMT is 10.09, which is on the high side as it means it would take AMT, 10.09 years of fcf income to pay off all of its debts.
  • AMT has a better Debt to FCF ratio (10.09) than 71.43% of its industry peers.
  • A Debt/Equity ratio of 8.82 is on the high side and indicates that AMT has dependencies on debt financing.
  • AMT has a worse Debt to Equity ratio (8.82) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.82
Debt/FCF 10.09
Altman-Z 1.13
ROIC/WACC0.88
WACC7.4%
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

  • A Current Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
  • AMT's Current ratio of 0.59 is in line compared to the rest of the industry. AMT outperforms 46.43% of 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.
  • Looking at the Quick ratio, with a value of 0.59, AMT is in line with its industry, outperforming 46.43% of the companies in the same industry.
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.
  • The Earnings Per Share has been growing by 11.80% on average over the past years. This is quite good.
  • 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

  • Based on estimates for the next years, AMT will show a small growth in Earnings Per Share. The EPS will grow by 3.38% on average per year.
  • The Revenue is expected to grow by 4.57% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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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 29.92.
  • Based on the Price/Earnings ratio, AMT is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
  • AMT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 26.85, the valuation of AMT can be described as expensive.
  • Based on the Price/Forward Earnings ratio, AMT is valued a bit cheaper than the industry average as 67.86% of the companies are valued more expensively.
  • AMT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.92
Fwd PE 26.85
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

  • Based on the Enterprise Value to EBITDA ratio, AMT is valued a bit cheaper than 64.29% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AMT is valued a bit cheaper than 67.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.76
EV/EBITDA 18.11
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 decent profitability rating of AMT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.53
EPS Next 2Y-2.83%
EPS Next 3Y0.11%

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

4

5. Dividend

5.1 Amount

  • AMT has a Yearly Dividend Yield of 3.68%. Purely for dividend investing, there may be better candidates out there.
  • AMT's Dividend Yield is slightly below the industry average, which is at 5.43.
  • Compared to an average S&P500 Dividend Yield of 1.81, AMT pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.68%

5.2 History

  • On average, the dividend of AMT grows each year by 12.67%, which is quite nice.
  • AMT has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of AMT decreased 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.
  • The dividend of AMT is growing, but the earnings are growing slower. 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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Find the best dividend stocksShow peers with best dividend

AMERICAN TOWER CORP

NYSE:AMT (2/20/2026, 8:16:53 PM)

After market: 187.31 0 (0%)

187.31

+2.52 (+1.36%)

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 Change11.22%
Ins Owners0.06%
Ins Owner Change0.27%
Market Cap87.69B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts79.26
Price Target222.81 (18.95%)
Short Float %1.27%
Short Ratio1.78
Dividend
Industry RankSector Rank
Dividend Yield 3.68%
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)-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 29.92
Fwd PE 26.85
P/S 8.39
P/FCF 23.76
P/OCF 16.75
P/B 22.18
P/tB N/A
EV/EBITDA 18.11
EPS(TTM)6.26
EY3.34%
EPS(NY)6.98
Fwd EY3.72%
FCF(TTM)7.88
FCFY4.21%
OCF(TTM)11.18
OCFY5.97%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.53
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
WACC7.4%
ROIC/WACC0.88
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 29.92 and the Price/Book (PB) ratio is 22.18.


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.