AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:AMT • US03027X1000
173.7 USD
-5.58 (-3.11%)
At close: Feb 2, 2026
173.7 USD
0 (0%)
After Hours: 2/2/2026, 4:20:02 PM
Overall AMT gets a fundamental rating of 4 out of 10. We evaluated AMT against 30 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.
1. Profitability
1.1 Basic Checks
- In the past year AMT was profitable.
- 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.
1.2 Ratios
- The Return On Assets of AMT (4.60%) is better than 73.33% of its industry peers.
- AMT has a better Return On Equity (74.34%) than 100.00% of its industry peers.
- AMT's Return On Invested Capital of 6.50% is amongst the best of the industry. AMT outperforms 83.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AMT is in line with the industry average of 4.86%.
- The 3 year average ROIC (5.18%) for AMT is below the current ROIC(6.50%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of AMT (28.11%) is better than 66.67% of its industry peers.
- In the last couple of years the Profit Margin of AMT has declined.
- AMT's Operating Margin of 45.58% is fine compared to the rest of the industry. AMT outperforms 76.67% of its industry peers.
- AMT's Operating Margin has improved in the last couple of years.
- AMT's Gross Margin of 74.29% is fine compared to the rest of the industry. AMT outperforms 63.33% 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 Rank | Sector 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%
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.
- AMT has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, AMT has more shares outstanding
- AMT has a worse debt/assets ratio than last year.
2.2 Solvency
- AMT has an Altman-Z score of 1.09. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
- AMT has a Altman-Z score (1.09) which is in line with 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.
- With a decent Debt to FCF ratio value of 10.09, AMT is doing good in the industry, outperforming 70.00% 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.
- Looking at the Debt to Equity ratio, with a value of 8.82, AMT is doing worse than 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.82 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.86
WACC7.58%
2.3 Liquidity
- A Current Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
- AMT has a Current ratio (0.59) which is in line with its industry peers.
- A Quick Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
- AMT's Quick ratio of 0.59 is in line compared to the rest of the industry. AMT outperforms 43.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 |
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.
- Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 4.18% in the last 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
- AMT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.38% yearly.
- The Revenue is expected to grow by 4.57% on average over the next years.
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 27.75, AMT can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, AMT is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
- AMT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.32.
- The Price/Forward Earnings ratio is 24.79, which indicates a rather expensive current valuation of AMT.
- Based on the Price/Forward Earnings ratio, AMT is valued a bit cheaper than 66.67% 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 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.75 | ||
| Fwd PE | 24.79 |
4.2 Price Multiples
- AMT's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, AMT is valued a bit cheaper than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.03 | ||
| EV/EBITDA | 17.55 |
4.3 Compensation for Growth
- The decent profitability rating of AMT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.35
EPS Next 2Y-2.64%
EPS Next 3Y0.17%
5. Dividend
5.1 Amount
- AMT has a Yearly Dividend Yield of 3.75%.
- AMT's Dividend Yield is slightly below the industry average, which is at 5.52.
- Compared to an average S&P500 Dividend Yield of 1.83, AMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.75% |
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.
- AMT has decreased its dividend recently.
Dividend Growth(5Y)12.67%
Div Incr Years1
Div Non Decr Years1
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%
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 27.75 and the Price/Book (PB) ratio is 20.57.
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.