American Tower Corporation (REIT)

As of June 30, 2026, American Tower Corporation carries a market capitalization of 67.28B, placing it among publicly traded companies globally. Its enterprise value stands at 110.83B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

American Tower Corporation's next confirmed earnings release is scheduled for October 27, 2026.

As of June 30, 2026, American Tower Corporation has 465.96M shares outstanding.

As of June 30, 2026, American Tower Corporation trades at a trailing price-to-earnings ratio of 22.65. The price-to-sales ratio is 7.04, and the price-to-book ratio stands at 20.67.

As of June 30, 2026, American Tower Corporation trades at an EV/EBITDA multiple of 18.16 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 11.57 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 25.83 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. American Tower Corporation trades at an EV/FCF ratio of 24.34, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 110.83B versus a market cap of 67.28B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, American Tower Corporation maintains a current ratio of 0.35, meaning it holds 0.3x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 438.72, indicating elevated leverage, while an interest coverage ratio of 5.00 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, American Tower Corporation posted a return on equity (ROE) of 91.52, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 7.85 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 5.35, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 8.17, useful for judging operating efficiency across full business cycles. The company generates approximately 1.99M in revenue per employee across its workforce of 4,822.25, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, American Tower Corporation recorded 373.67M in income tax expense. That works out to an effective tax rate of 10.83, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 3.45B, leaving 2.98B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on September 29, 2026, American Tower Corporation's stock has declined approximately 11.13% over the past 52 weeks. The 50-day moving average sits at 149.80, while the 200-day moving average is 152.08.

Over the twelve months ended June 30, 2026, American Tower Corporation generated 9.58B in revenue and converted that into 2.98B in net income, yielding earnings per share of 6.58. EBITDA reached 6.10B, while operating income came in at 4.36B.

As of June 30, 2026, American Tower Corporation holds 1.54B in cash and equivalents against 39.37B in total debt, resulting in a net debt position of 31.01B. Total book value stands at 3.26B, with working capital of -5.03B providing operational flexibility.

American Tower Corporation produced 5.05B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -1.59B in capital expenditures, free cash flow totaled 3.47B - equivalent to 7.42 per share.

Over the twelve months ended June 30, 2026, American Tower Corporation posted a gross margin of 73.77, reflecting its pricing power and cost economics. The operating margin of 45.56 and net profit margin of 31.08 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, American Tower Corporation paid dividends of 6.06 per share. The dividend payout ratio of 89.09 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 5.13, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 5.54, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to American Tower Corporation shareholders.

As of June 30, 2026, American Tower Corporation has an Altman Z-Score of 1.23, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.