American Tower
AMT stock analysis · Real Estate · Telecom Tower REITs
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-21. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Reverse DCF
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Relative valuation
26 sector peers · median 35.9×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 30.1× · -43.0% versus history
How this is calculated ↗Free cash flow yield
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗ROIC / quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Value composite
Requires three valuation yields and at least five covered sector peers.
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 935.9M | 2.6B | 5.5B | 1.7B | 63.2B |
| 2024-12-31 | 774.6M | 2.3B | 5.3B | 1.6B | 61.1B |
| 2023-12-31 | 747.3M | 1.4B | 4.7B | 1.8B | 66B |
| 2022-12-31 | 840.7M | 1.7B | 3.7B | 1.9B | 67.2B |
| 2021-12-31 | 717.2M | 2.6B | 4.8B | 1.4B | 69.9B |
| 2020-12-31 | 495.7M | 1.7B | 3.9B | 1B | 47.2B |
| 2019-12-31 | 527.2M | 1.9B | 3.8B | 991.3M | 42.8B |
| 2018-12-31 | 491.3M | 1.3B | 3.7B | 913.2M | 33B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 935.9M | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-24 |
| netIncome | 2.6B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-24 |
| Parent/common earnings proxy | 2.5B | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-02-24 |
| cfo | 5.5B | NetCashProvidedByUsedInOperatingActivities | 2026-02-24 |
| capex | 1.7B | PaymentsToAcquirePropertyPlantAndEquipment | 2026-02-24 |
| operatingIncome | 4.8B | OperatingIncomeLoss | 2026-02-24 |
| assets | 63.2B | Assets | 2026-02-24 |
| equity | 10.4B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-24 |
| Parent book equity proxy | 3.7B | StockholdersEquity | 2026-02-24 |
| debt | 37.2B | LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities | 2026-02-24 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 1.5B | CashAndCashEquivalentsAtCarryingValue | 2026-02-24 |
| shares | 468.8M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-24 |
| dividends | 3.2B | PaymentsOfDividendsCommonStock | 2026-02-24 |
| buybacks | 364.6M | PaymentsForRepurchaseOfCommonStock | 2026-02-24 |
| issuance | 41.7M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from stock options and employee stock purchase plan: 41700000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 11 financing lines reconcile exactly to reported financing cash flow -4208500000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -233500000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates. | 2026-02-24 |