(AMT) American Tower - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03027X1000

Stock: Towers, Data Centers, Fiber, Real Estate

Total Rating 35
Risk 54
Buy Signal -0.64
Risk 5d forecast
Volatility 26.1%
Relative Tail Risk -6.06%
Reward TTM
Sharpe Ratio -0.28
Alpha -8.88
Character TTM
Beta -0.134
Beta Downside 0.064
Drawdowns 3y
Max DD 27.41%
CAGR/Max DD 0.11

EPS (Earnings per Share)

EPS (Earnings per Share) of AMT over the last years for every Quarter: "2021-03": 1.45, "2021-06": 1.65, "2021-09": 1.58, "2021-12": 0.99, "2022-03": 1.56, "2022-06": 1.95, "2022-09": 1.8, "2022-12": -1.47, "2023-03": 0.72, "2023-06": 1.02, "2023-09": 1.26, "2023-12": 0.18, "2024-03": 1.96, "2024-06": 1.92, "2024-09": 0.89, "2024-12": 2.62, "2025-03": 1.04, "2025-06": 0.78, "2025-09": 1.82, "2025-12": 1.75,

Revenue

Revenue of AMT over the last years for every Quarter: 2021-03: 2158.5, 2021-06: 2298.9, 2021-09: 2454.3, 2021-12: 2445.2, 2022-03: 2660.3, 2022-06: 2674.3, 2022-09: 2671.5, 2022-12: 2705, 2023-03: 2767.2, 2023-06: 2771.7, 2023-09: 2521.1, 2023-12: 2786.7, 2024-03: 2834.1, 2024-06: 2900.3, 2024-09: 2522.3, 2024-12: 2547.6, 2025-03: 2562.8, 2025-06: 2626.9, 2025-09: 2717.4, 2025-12: 2738,

Description: AMT American Tower March 02, 2026

American Tower Corp (NYSE: AMT) is one of the world’s largest REITs, specializing in the ownership, operation, and development of multitenant communications infrastructure, with more than 149,000 tower sites and a growing network of U.S. data-center facilities.

Key recent metrics show the company’s resilience: FY 2025 funds-from-operations (FFO) rose 5% year-over-year to $2.1 billion, the global occupancy rate held at 95%, and the dividend yield remains near 2.5% while net debt/EBITDA sits at roughly 4.5×, indicating solid balance-sheet discipline.

Sector-wide drivers such as accelerated 5G roll-outs, increasing mobile-edge computing demand, and the macro trend toward higher data-traffic volumes continue to underpin growth opportunities for tower owners.

For a deeper dive into AMT’s valuation and risk profile, you might explore the analysis on ValueRay.

Headlines to watch out for

  • Wireless carrier capital expenditures drive tower leasing demand
  • Interest rate hikes increase borrowing costs for expansion
  • Foreign currency fluctuations impact international revenue
  • Data center growth expands diversified revenue streams

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income: 2.53b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.07 > 1.0
NWC/Revenue: -41.51% < 20% (prev -36.07%; Δ -5.44% < -1%)
CFO/TA 0.09 > 3% & CFO 5.46b > Net Income 2.53b
Net Debt (43.49b) to EBITDA (6.47b): 6.73 < 3
Current Ratio: 0.36 > 1.5 & < 3
Outstanding Shares: last quarter (469.1m) vs 12m ago 0.15% < -2%
Gross Margin: 73.68% > 18% (prev 0.73%; Δ 7295 % > 0.5%)
Asset Turnover: 17.13% > 50% (prev 17.69%; Δ -0.56% > 0%)
Interest Coverage Ratio: 3.23 > 6 (EBITDA TTM 6.47b / Interest Expense TTM 1.36b)

Altman Z'' -0.44

A: -0.07 (Total Current Assets 2.49b - Total Current Liabilities 6.91b) / Total Assets 63.19b
B: -0.08 (Retained Earnings -5.09b / Total Assets 63.19b)
C: 0.07 (EBIT TTM 4.41b / Avg Total Assets 62.13b)
D: -0.19 (Book Value of Equity -9.90b / Total Liabilities 52.84b)
Altman-Z'' Score: -0.44 = B

Beneish M -3.22

DSRI: 0.84 (Receivables 650.3m/784.8m, Revenue 10.65b/10.80b)
GMI: 0.99 (GM 73.68% / 73.01%)
AQI: 1.00 (AQ_t 0.51 / AQ_t-1 0.50)
SGI: 0.99 (Revenue 10.65b / 10.80b)
TATA: -0.05 (NI 2.53b - CFO 5.46b) / TA 63.19b)
Beneish M-Score: -3.22 (Cap -4..+1) = AA

What is the price of AMT shares?

As of March 09, 2026, the stock is trading at USD 188.59 with a total of 1,838,951 shares traded.
Over the past week, the price has changed by -0.85%, over one month by +8.57%, over three months by +3.94% and over the past year by -8.38%.

Is AMT a buy, sell or hold?

American Tower has received a consensus analysts rating of 4.35. Therefore, it is recommended to buy AMT.
  • StrongBuy: 11
  • Buy: 9
  • Hold: 3
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the AMT price?

Issuer Target Up/Down from current
Wallstreet Target Price 217.4 15.3%
Analysts Target Price 217.4 15.3%

AMT Fundamental Data Overview March 04, 2026

P/E Trailing = 30.3349
P/E Forward = 27.3224
P/S = 8.3668
P/B = 22.7234
P/EG = 1.3282
Revenue TTM = 10.65b USD
EBIT TTM = 4.41b USD
EBITDA TTM = 6.47b USD
Long Term Debt = 34.85b USD (from longTermDebt, two quarters ago)
Short Term Debt = 3.97b USD (from shortTermDebt, last quarter)
Debt = 44.96b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 43.49b USD (from netDebt column, last quarter)
Enterprise Value = 132.55b USD (89.06b + Debt 44.96b - CCE 1.47b)
Interest Coverage Ratio = 3.23 (Ebit TTM 4.41b / Interest Expense TTM 1.36b)
EV/FCF = 35.03x (Enterprise Value 132.55b / FCF TTM 3.78b)
FCF Yield = 2.85% (FCF TTM 3.78b / Enterprise Value 132.55b)
FCF Margin = 35.54% (FCF TTM 3.78b / Revenue TTM 10.65b)
Net Margin = 23.76% (Net Income TTM 2.53b / Revenue TTM 10.65b)
Gross Margin = 73.68% ((Revenue TTM 10.65b - Cost of Revenue TTM 2.80b) / Revenue TTM)
Gross Margin QoQ = 70.70% (prev 75.12%)
Tobins Q-Ratio = 2.10 (Enterprise Value 132.55b / Total Assets 63.19b)
Interest Expense / Debt = 0.78% (Interest Expense 350.0m / Debt 44.96b)
Taxrate = 13.28% (128.1m / 964.9m)
NOPAT = 3.82b (EBIT 4.41b * (1 - 13.28%))
Current Ratio = 0.36 (Total Current Assets 2.49b / Total Current Liabilities 6.91b)
Debt / Equity = 12.31 (Debt 44.96b / totalStockholderEquity, last quarter 3.65b)
Debt / EBITDA = 6.73 (Net Debt 43.49b / EBITDA 6.47b)
Debt / FCF = 11.49 (Net Debt 43.49b / FCF TTM 3.78b)
Total Stockholder Equity = 3.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.07% (Net Income 2.53b / Total Assets 63.19b)
RoE = 68.13% (Net Income TTM 2.53b / Total Stockholder Equity 3.71b)
RoCE = 11.42% (EBIT 4.41b / Capital Employed (Equity 3.71b + L.T.Debt 34.85b))
RoIC = 9.33% (NOPAT 3.82b / Invested Capital 40.93b)
WACC = 3.83% (E(89.06b)/V(134.03b) * Re(5.42%) + D(44.96b)/V(134.03b) * Rd(0.78%) * (1-Tc(0.13)))
Discount Rate = 5.42% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF] Terminal Value 88.22% ; FCFF base≈3.75b ; Y1≈4.52b ; Y5≈7.28b
[DCF] Fair Price = 361.0 (EV 212.48b - Net Debt 43.49b = Equity 168.99b / Shares 468.1m; r=5.90% [WACC]; 5y FCF grow 21.83% → 2.90% )
EPS Correlation: 21.95 | EPS CAGR: 3.11% | SUE: 0.41 | # QB: 0
Revenue Correlation: -10.87 | Revenue CAGR: 0.77% | SUE: 0.13 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.61 | Chg7d=-0.055 | Chg30d=-0.090 | Revisions Net=+0 | Analysts=6
EPS current Year (2026-12-31): EPS=6.46 | Chg7d=-0.419 | Chg30d=-0.479 | Revisions Net=-6 | Growth EPS=+19.6% | Growth Revenue=+1.8%
EPS next Year (2027-12-31): EPS=6.88 | Chg7d=-0.402 | Chg30d=-0.424 | Revisions Net=-4 | Growth EPS=+6.5% | Growth Revenue=+3.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 6 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 4.7% (Discount Rate 7.9% - Earnings Yield 3.3%)
[Growth] Growth Spread = -2.2% (Analyst 2.5% - Implied 4.7%)

Additional Sources for AMT Stock

Fund Manager Positions: Dataroma | Stockcircle