AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

189.02 USD
-4.07 (-2.11%)
Last: Feb 18, 2026, 10:22 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

AMT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 28 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 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.
  • 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

  • Looking at the Return On Assets, with a value of 4.60%, AMT is in the better half of 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.
  • The Return On Invested Capital of AMT (6.50%) is better than 85.71% of its industry peers.
  • AMT had an Average Return On Invested Capital over the past 3 years of 5.18%. This 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

  • With a decent Profit Margin value of 28.11%, AMT is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • AMT's Profit Margin has declined in the last couple of years.
  • AMT's Operating Margin of 45.58% is fine compared to the rest of the industry. AMT outperforms 71.43% of its industry peers.
  • AMT's Operating Margin has improved in the last couple of years.
  • 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

  • AMT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, AMT has more shares outstanding
  • Compared to 5 years ago, AMT has more shares outstanding
  • 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

  • Based on the Altman-Z score of 1.16, we must say that AMT is in the distress zone and has some risk of bankruptcy.
  • AMT's Altman-Z score of 1.16 is fine compared to the rest of the industry. AMT outperforms 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 Debt to FCF ratio of 10.09. This is in the better half of the industry: AMT outperforms 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 1.16
ROIC/WACC0.88
WACC7.39%
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 has a Current ratio (0.59) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
  • AMT has a Quick ratio of 0.59. This is comparable to the rest of the industry: AMT outperforms 46.43% of 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.
  • Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 4.18% in the last year.
  • AMT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.96% yearly.
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.
  • 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

  • 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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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 30.19 indicates a quite expensive valuation of AMT.
  • Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 71.43% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.16, AMT is valued at the same level.
  • AMT is valuated quite expensively with a Price/Forward Earnings ratio of 27.09.
  • Based on the Price/Forward 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/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.19
Fwd PE 27.09
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMT is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMT indicates a somewhat cheap valuation: AMT is cheaper than 67.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 23.98
EV/EBITDA 18.51
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)2.56
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

  • With a Yearly Dividend Yield of 3.61%, AMT has a reasonable but not impressive dividend return.
  • AMT's Dividend Yield is slightly below the industry average, which is at 5.39.
  • AMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.61%

5.2 History

  • The dividend of AMT is nicely growing with an annual growth rate of 12.67%!
  • 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
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 (2/18/2026, 10:22:08 AM)

189.02

-4.07 (-2.11%)

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 Change1.17%
Ins Owners0.06%
Ins Owner Change0.27%
Market Cap88.49B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts79.26
Price Target222.81 (17.88%)
Short Float %1.27%
Short Ratio1.78
Dividend
Industry RankSector Rank
Dividend Yield 3.61%
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)0.52%
EPS NQ rev (3m)-1.94%
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 30.19
Fwd PE 27.09
P/S 8.46
P/FCF 23.98
P/OCF 16.9
P/B 22.39
P/tB N/A
EV/EBITDA 18.51
EPS(TTM)6.26
EY3.31%
EPS(NY)6.98
Fwd EY3.69%
FCF(TTM)7.88
FCFY4.17%
OCF(TTM)11.18
OCFY5.92%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.56
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 1.16
F-Score6
WACC7.39%
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 30.19 and the Price/Book (PB) ratio is 22.39.


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.