AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis

NYSE:AMT • US03027X1000

192.1 USD
+3.91 (+2.08%)
At close: Feb 13, 2026
192.1 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 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. While AMT has a great profitability rating, there are quite some 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

  • In the past year AMT was profitable.
  • In the past year AMT had a positive cash flow from operations.
  • AMT had positive earnings in each of the past 5 years.
  • AMT had a positive operating cash flow in each of the past 5 years.
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.
  • With an excellent Return On Equity value of 74.34%, AMT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • AMT has a Return On Invested Capital of 6.50%. This is amongst the best in the industry. AMT outperforms 82.14% 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 5.06%.
  • 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.
  • In the last couple of years the Profit Margin of AMT has declined.
  • AMT has a better Operating Margin (45.58%) than 71.43% 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 64.29% 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.
  • AMT has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AMT has been increased compared to 5 years ago.
  • 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

  • AMT has an Altman-Z score of 1.15. 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 1.15, AMT is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • 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 71.43% 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 75.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 8.82
Debt/FCF 10.09
Altman-Z 1.15
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

  • 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 (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 (0.59) which is comparable to the rest of the 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

  • The Earnings Per Share has grown by an impressive 26.46% over the past year.
  • 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

  • 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.
  • 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

  • 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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.69, AMT can be considered very expensive at the moment.
  • 71.43% of the companies in the same industry are more expensive than AMT, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of AMT to the average of the S&P500 Index (27.19), we can say AMT is valued inline with the index average.
  • AMT is valuated quite expensively with a Price/Forward Earnings ratio of 27.53.
  • 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 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.69
Fwd PE 27.53
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMT.
  • AMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMT is cheaper than 67.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 24.37
EV/EBITDA 18.44
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)2.6
EPS Next 2Y-2.83%
EPS Next 3Y0.11%

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 3.61%.
  • Compared to an average industry Dividend Yield of 5.39, AMT is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, AMT pays a better dividend.
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 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-2.83%
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 (2/13/2026, 8:04:00 PM)

After market: 192.1 0 (0%)

192.1

+3.91 (+2.08%)

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 Cap89.93B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts79.26
Price Target222.81 (15.99%)
Short Float %1.42%
Short Ratio2.06
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 30.69
Fwd PE 27.53
P/S 8.6
P/FCF 24.37
P/OCF 17.18
P/B 22.75
P/tB N/A
EV/EBITDA 18.44
EPS(TTM)6.26
EY3.26%
EPS(NY)6.98
Fwd EY3.63%
FCF(TTM)7.88
FCFY4.1%
OCF(TTM)11.18
OCFY5.82%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.6
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 1.15
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 30.69 and the Price/Book (PB) ratio is 22.75.


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.