AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:AMT • US03027X1000

171.27 USD
-0.22 (-0.13%)
At close: Feb 6, 2026
171.1 USD
-0.17 (-0.1%)
After Hours: 2/6/2026, 8:17:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall AMT gets a fundamental rating of 4 out of 10. We evaluated AMT against 30 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

7

1. Profitability

1.1 Basic Checks

  • AMT had positive earnings in the past year.
  • In the past year AMT had a positive cash flow from operations.
  • 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 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.60%, AMT is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • AMT has a better Return On Equity (74.34%) than 100.00% of its industry peers.
  • AMT has a better Return On Invested Capital (6.50%) than 83.33% 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 4.81%.
  • 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

  • Looking at the Profit Margin, with a value of 28.11%, AMT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • AMT's Profit Margin has declined in the last couple of years.
  • AMT has a better Operating Margin (45.58%) than 76.67% of its industry peers.
  • In the last couple of years the Operating Margin of AMT has grown nicely.
  • With a decent Gross Margin value of 74.29%, AMT is doing good in the industry, outperforming 63.33% of the companies in the same industry.
  • 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

  • AMT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for AMT has been increased compared to 1 year ago.
  • The number of shares outstanding for AMT has been increased compared to 5 years ago.
  • Compared to 1 year ago, AMT has a worse debt to assets ratio.
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 1.06. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.06, AMT is in line with its industry, outperforming 56.67% of the companies in the same industry.
  • 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.
  • AMT has a better Debt to FCF ratio (10.09) than 70.00% 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 76.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.82
Debt/FCF 10.09
Altman-Z 1.06
ROIC/WACC0.89
WACC7.3%
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 of 0.59. This is comparable to the rest of the industry: AMT outperforms 43.33% 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.
  • 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.
  • Measured over the past years, AMT shows a small growth in Revenue. The Revenue has been growing by 5.96% on average per year.
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.
  • Based on estimates for the next years, AMT will show a small growth in Revenue. The Revenue will grow by 4.57% on average per year.
EPS Next Y-28.07%
EPS Next 2Y-2.64%
EPS Next 3Y0.17%
EPS Next 5Y3.38%
Revenue Next Year0.65%
Revenue Next 2Y2.1%
Revenue Next 3Y2.76%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • The Price/Earnings ratio is 27.36, which means the current valuation is very expensive for AMT.
  • Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 73.33% of the companies in the same industry.
  • AMT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • AMT is valuated rather expensively with a Price/Forward Earnings ratio of 24.45.
  • Based on the Price/Forward Earnings ratio, AMT is valued a bit cheaper than 70.00% of the companies in the same industry.
  • AMT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.36
Fwd PE 24.45
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

  • 73.33% of the companies in the same industry are more expensive than AMT, based on the Enterprise Value to EBITDA ratio.
  • 66.67% of the companies in the same industry are more expensive than AMT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 21.72
EV/EBITDA 17.02
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)2.32
EPS Next 2Y-2.64%
EPS Next 3Y0.17%

More info and screens

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

4

5. Dividend

5.1 Amount

  • AMT has a Yearly Dividend Yield of 3.97%.
  • AMT's Dividend Yield is slightly below the industry average, which is at 5.54.
  • AMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
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.
  • 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

  • AMT pays out 106.15% of its income as dividend. 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-2.64%
EPS Next 3Y0.17%
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 (2/6/2026, 8:17:46 PM)

After market: 171.1 -0.17 (-0.1%)

171.27

-0.22 (-0.13%)

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-2.4%
Ins Owners0.06%
Ins Owner Change0.27%
Market Cap80.18B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts80
Price Target222.81 (30.09%)
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)-2.7%
PT rev (3m)-7.11%
EPS NQ rev (1m)-1.14%
EPS NQ rev (3m)-10.75%
EPS NY rev (1m)-0.5%
EPS NY rev (3m)-0.5%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)1.01%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)1.03%
Valuation
Industry RankSector Rank
PE 27.36
Fwd PE 24.45
P/S 7.67
P/FCF 21.72
P/OCF 15.31
P/B 20.28
P/tB N/A
EV/EBITDA 17.02
EPS(TTM)6.26
EY3.66%
EPS(NY)7.01
Fwd EY4.09%
FCF(TTM)7.88
FCFY4.6%
OCF(TTM)11.18
OCFY6.53%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.32
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 1.06
F-Score6
WACC7.3%
ROIC/WACC0.89
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-28.07%
EPS Next 2Y-2.64%
EPS Next 3Y0.17%
EPS Next 5Y3.38%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%
Revenue Next Year0.65%
Revenue Next 2Y2.1%
Revenue Next 3Y2.76%
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 27.36 and the Price/Book (PB) ratio is 20.28.


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 -28.07% in the next year.