American Tower Corporation

American Tower Corporation

A0T.DU
American Tower CorporationDE flagDusseldorf Stock Exchange
142.95
EUR
-1.10
- -
66.60BMarket Cap
American Tower Corporation
A0T.DU
(Dusseldorf Stock Exchange)

Recent

price

142.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.95
6.18
7.29
8.51
10.35
11.39
13.61
15.56
16.92
17.14
18.13
20.72
20.9
21.48
21.69
22.75
23.15
Revenue per Share
0.93
1
1.61
1.4
2.02
1.42
2
2.69
2.79
4.27
3.81
5.69
3.83
3.18
4.83
5.41
6.21
Basic EPS, GAAP
1.68
1.62
2.14
2.21
2.93
3.43
4.75
4.96
6.45
6.24
6.42
7.63
3.95
6.27
7.92
8.09
8.07
Free Cash Flow per Basic Share
- -
0.35
0.9
1.1
1.06
1.9
2.34
2.72
3.05
3.62
4.35
5.03
5.7
6.33
6.58
6.75
6.84
Dividend per Share
-4.32
-3.72
-3.02
-2.73
-2.1
-2.37
-2.52
-2.46
-2.72
-2.29
-3.02
-2.52
-4.54
-7.8
-9.46
-10.86
-10.82
Book Value per Share
-2.42
-4.45
-5.99
-17.3
-17.18
-17.23
-19.47
-22.11
-22.23
-26.93
-36.84
-55.39
-40.15
-36.8
-35.53
-35.11
-34.81
Tangible Book Value per Share
401
396
395
395
396
419
425
428
440
442
444
451
462
466
467
468
467
Basic Weighted Avg Shares
1,985
2,444
2,876
3,361
4,100
4,772
5,786
6,664
7,440
7,580
8,042
9,357
9,645
10,012
10,127
10,645
10,819
Sales/Revenue/Turnover
39.51
37.66
38.93
36.12
36.27
33.8
32.95
33.65
32.05
37.3
38.89
35.57
30.3
35.32
45.45
46.31
45.42
Operating Margin (%)
461
556
644
800
1,004
1,285
1,526
1,716
2,111
1,778
1,882
2,333
3,355
3,086
2,125
2,042
2,067
Depreciation Expense
373
396
637
551
825
685
956
1,239
1,236
1,888
1,691
2,568
1,766
1,483
2,255
2,530
2,900
Net Income, GAAP
32.82
24.68
15.3
10.99
7.22
19.04
13.81
2.44
- -
- -
7.12
9.25
5.41
5.94
10.11
13.66
12.67
Effective Tax Rate (%)
18.78
16.22
22.16
16.4
20.12
14.36
16.53
18.59
16.62
24.9
21.02
27.44
18.31
14.81
22.27
23.76
26.81
Profit Margin (%)
862
-6
204
53
-972
-204
59
-474
-2,305
-2,934
-750
-5,338
-4,690
-3,539
-3,897
-4,172
-6,763
Working Capital
5,512
7,134
8,693
14,408
13,643
17,069
18,295
19,430
18,405
27,638
35,382
46,727
41,748
42,549
39,684
40,991
38,370
LT Debt
3,505
3,410
3,684
3,590
4,053
6,713
8,068
7,954
6,904
6,587
4,780
9,070
12,408
10,865
9,649
10,355
10,152
Total Equity
6.34
7.01
8.19
7.06
7.5
6.13
6.49
7.94
- -
- -
7.3
5.86
4.58
5.72
7.49
7.85
7.8
Return on Invested Capital (%)
18.05
13.28
15.08
9.75
10.17
7.88
8.94
10.01
- -
- -
7.18
7.39
5.46
5.75
7.34
7.8
8.62
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,003
3,973
6,761
LT Borrowings
34,851
33,832
31,202
LT Finance Leases
7,157
7,159
7,168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
468
466
466
Market Capitalization
89,323
81,732
79,679

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,535
2,742
2,956
Cash, Cash Equivalents & STI
1,951
1,475
1,609
Accounts Receivable, Net
737
650
719
Inventories
- -
- -
- -
Total Current Liabilities
5,994
6,914
9,719
Payables & Accruals
2,553
2,616
2,499
ST Debt
3,003
3,973
6,761
Deferred Revenue
438
325
460

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.38%
22.04%
7.32%
Free Cash Flow
14.27%
12.6%
2.25%
Net Income, GAAP
18%
13.77%
12.17%
Sales/Revenue/Turnover
8.55%
5.9%
5.11%
Total Cash Common Dividend
16.42%
10.53%
2.68%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,513
2,545
2,522
2,548
10,127
2025
2,563
2,627
2,717
2,738
10,645
2026
2,738
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.97
1.93
-1.7
2.63
4.83
2025
1.05
0.78
- -
1.76
5.41
2026
1.84
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.72
1.62
1.62
1.62
6.58
2025
1.64
1.7
- -
1.7
6.75
2026
1.73
- -
- -
- -
- -
Business
American Tower Corporation (NYSE: AMT; FSE: A0T), a leading real estate investment trust (REIT), owns, develops and operates wireless and broadcast communications infrastructure, including multitenant communications sites such as towers, in-building systems and data centers, primarily leasing space to wireless service providers, radio and television broadcasters, wireless data providers, government agencies and other tenants. Founded in 1995 and headquartered in Boston, Massachusetts, the company manages approximately 148,957 sites as of December 31, 2024, comprising 42,222 sites in the U.S. and Canada; 26,642 sites in Asia-Pacific and Africa; 31,786 sites in Europe; and 48,307 sites in Latin America, with additional tower-related services encompassing site acquisition, zoning and permitting, structural analysis, construction management, and network deployment support. Its core offerings include property leasing for antennas and equipment on macro towers, small cells and distributed antenna systems (DAS); carrier-neutral data center colocation services following the 2021 acquisition of CoreSite; and international site leasing across key markets in Latin America (such as Brazil, Mexico, Argentina, Chile and Peru), Europe (including Spain and Germany), Africa (such as South Africa, Ghana and Nigeria), and Asia-Pacific. In recent developments, American Tower completed the divestiture of its Indian operations comprising approximately 76,000 sites to a Brookfield-led consortium for $2.2 billion in April 2025, marking its exit from its largest international market after 17 years; secured a contract to manage around 2,500 MTN Nigeria tower sites starting in 2025 following a competitive tender; appointed Steven Vondran as president and CEO in February 2024 succeeding Tom Bartlett; and earlier expanded via the 2021 acquisitions of Telxius' European and Latin American towers for $9.6 billion and CoreSite for $10.4 billion to bolster 5G and edge computing capabilities. The company continues to invest in new tower builds, primarily in Africa, Latin America and other emerging regions, while maintaining a focus on diversified revenue from long-term leases with an average remaining term of 28 years on U.S. ground leases.