AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

191.86 USD
+6.85 (+3.7%)
At close: Feb 27, 2026
191.5 USD
-0.36 (-0.19%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall AMT gets a fundamental rating of 5 out of 10. We evaluated AMT against 28 industry peers in the Specialized REITs industry. AMT has an excellent profitability rating, but 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

  • 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.
  • 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 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • AMT's Return On Assets of 4.00% is fine compared to the rest of the industry. AMT outperforms 71.43% of its industry peers.
  • With an excellent Return On Equity value of 69.25%, AMT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • AMT's Return On Invested Capital of 7.59% is amongst the best of the industry. AMT outperforms 89.29% of its industry peers.
  • AMT had an Average Return On Invested Capital over the past 3 years of 6.81%. This 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

  • AMT has a better Profit Margin (23.76%) than 60.71% of its industry peers.
  • In the last couple of years the Profit Margin of AMT has grown nicely.
  • The Operating Margin of AMT (45.52%) is better than 71.43% of its industry peers.
  • AMT's Operating Margin has improved in the last couple of years.
  • AMT's Gross Margin of 74.18% is fine compared to the rest of the industry. AMT outperforms 64.29% of its industry peers.
  • 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

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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) just above the Cost of Capital (WACC), AMT is creating some value.
  • Compared to 1 year ago, AMT has about the same amount of shares outstanding.
  • The number of shares outstanding for AMT has been increased compared to 5 years ago.
  • AMT has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.10, we must say that AMT is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.10, AMT is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • AMT has a debt to FCF ratio of 9.84. This is a negative value and a sign of low solvency as AMT would need 9.84 years to pay back of all of its debts.
  • The Debt to FCF ratio of AMT (9.84) is better than 71.43% of its industry peers.
  • A Debt/Equity ratio of 9.26 is on the high side and indicates that AMT has dependencies on debt financing.
  • AMT has a Debt to Equity ratio of 9.26. This is in the lower half of the industry: AMT underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 9.26
Debt/FCF 9.84
Altman-Z 1.1
ROIC/WACC1.01
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 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.
  • With a Current ratio value of 0.40, AMT is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.40 indicates that AMT may have some problems paying its short term obligations.
  • AMT has a Quick ratio of 0.40. This is in the lower half of the industry: AMT underperforms 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

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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

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

  • Based on estimates for the next years, AMT will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.79% on average per year.
  • Based on estimates for the next years, AMT will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same 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

  • With a Price/Earnings ratio of 30.60, AMT can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 64.29% 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 27.10, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 27.50, AMT can be considered very expensive at the moment.
  • 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.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. AMT is around the same levels.
Industry RankSector Rank
PE 30.6
Fwd PE 27.5
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.
  • Based on the Price/Free Cash Flow ratio, AMT is valued a bit cheaper than the industry average as 67.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 23.74
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 AMT does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of AMT may justify a higher PE ratio.
PEG (NY)2.71
PEG (5Y)2.89
EPS Next 2Y8.75%
EPS Next 3Y9.05%

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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.
  • AMT's Dividend Yield is slightly below the industry average, which is at 5.32.
  • 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 paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of AMT decreased 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

  • AMT pays out 124.82% of its income as dividend. This is not a sustainable payout ratio.
  • AMT's earnings are growing slower than its dividend. 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

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AMERICAN TOWER CORP

NYSE:AMT (2/27/2026, 8:04:00 PM)

After market: 191.5 -0.36 (-0.19%)

191.86

+6.85 (+3.7%)

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 Cap89.82B
Revenue(TTM)10.64B
Net Income(TTM)2.53B
Analysts79.26
Price Target221.17 (15.28%)
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 30.6
Fwd PE 27.5
P/S 8.44
P/FCF 23.74
P/OCF 16.44
P/B 24.59
P/tB N/A
EV/EBITDA 17.77
EPS(TTM)6.27
EY3.27%
EPS(NY)6.98
Fwd EY3.64%
FCF(TTM)8.08
FCFY4.21%
OCF(TTM)11.67
OCFY6.08%
SpS22.74
BVpS7.8
TBVpS-49.42
PEG (NY)2.71
PEG (5Y)2.89
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
WACC7.51%
ROIC/WACC1.01
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 30.6 and the Price/Book (PB) ratio is 24.59.


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.