# American Tower share price today (American Tower Corporation, AMT)

> American Tower Corporation's earnings have grown faster than its share price. Earnings per share grew +12.0% in a year while the price moved +9.5%. AMT · Real Estate · REIT - Specialty · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/amt

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## Key numbers

- Price: $194.87 (+9.5% in a year)
- P/E: 27.4× (lower than 85% of the last 2.3 years)
- Revenue (Jun 2026): $2.7 B (+4.7% on a year ago)
- Profit (Jun 2026): $888 M (+133.2% on a year ago)
- Operating margin: 45.4% (−0.2 points on a year ago)
- ROE: 25%, FY25
- ROIC: 7.9%, against a 7.0% cost of capital: +0.9 points
- Profit that came in as cash: 247%, last 3 years

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the American Tower share price today? American Tower Corporation's share price was $194.87 at the close on 4 November 2026. It has been stalling near its high for 5 weeks. That is 9.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between $162 and $195, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 5 weeks in a row. Over the last 10 years the share price moved +71% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does American Tower pay? American Tower Corporation paid $6.98 per share over the last four reported quarters. The most recent declaration was $1.79 for Jun 2026. At today's price of $194.87 that is a yield of 3.58%, based on dividends already paid, not a forecast. ## Which stock lists is American Tower on? American Tower is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is American Tower profitable? American Tower Corporation earned $888 M of net profit in the Jun 2026 quarter, +133.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $2.6 B. Over 4 years profit has grown 0.6% a year on average. That is 32.3% of the quarter's revenue. The same quarter a year earlier earned $381 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $2.6 B (+15.3% on the year before). Why profit moved: revenue changed +4.7% on a year earlier and the margin moved −0.2 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +59.1% and revenue +6.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does American Tower make, and is it growing? American Tower Corporation reported $2.7 B of revenue in the Jun 2026 quarter, +4.7% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 3.3% a year on average. The last full year, FY25, came in at $10.6 B. The last four reported quarters add to $10.9 B. The quarterly figures for FY22 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY25 revenue was $10.6 B, +5.1% on the year before. Recent pace: the last four quarters grew +6.7% on average, against 3.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.6%, against +2.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +164.5%, against +13.6% a year (accelerating). ## How much of every $100 of sales does American Tower keep? American Tower Corporation's operating margin was 45.4% in the Jun 2026 quarter, 0.2 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 30.2% and 45.7%. The latest quarter is within that range. Across 5 years it has been between 30.2% and 45.7%, and FY25's 45.7% is the highest of them. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is American Tower's profit turning into cash? Over the last 3 years, 247% of American Tower Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $5.5 B of operating cash against $2.6 B of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does American Tower's cash go? American Tower Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is American Tower's P/E ratio, and how does it compare with its own history? American Tower Corporation's P/E is 27.4×, near the low end of its own history: it has been lower only 15% of the time. Its usual P/E (the middle reading) is 35.9×, over 2.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +12.0% while the price moved +9.5%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the American Tower business getting better or worse? American Tower Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does American Tower earn on its capital? American Tower Corporation earned a ROE of 25% in FY25. That is up from a low of 13% in FY23. Its return on capital used (ROIC) is 0.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 24.7% net margin and 0.17× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 24.7% net margin × 0.17× asset turnover × 6.10× leverage (assets divided by equity) ≈ 25.6% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.9% − 7.0% = +0.9 percentage points. The 7.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does American Tower have too much debt? American Tower Corporation has total debt of $45.0 B against shareholder equity of $10.3 B as of Jun 2026, so its debt is 4.39× its equity. Year by year, that ratio went from 5.73 in FY21 to 4.34 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the American Tower shareholding pattern? 1.5% of American Tower Corporation's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is American Tower from balance-sheet trouble? For American Tower Corporation, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does American Tower rank in its industry? 68.0 out of 100, rank 1 of 17 in REIT - Specialty, with 76% of the evidence available. American Tower Corporation scores 68.0 out of 100 against the 17 companies it is compared with in REIT - Specialty, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 23 + 18.7 + 9.5 + 16.8 = 68. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is American Tower compared with? American Tower ranks 1 of 17 REIT - Specialty companies on the 4-Factor Sector Score, with 68.0 out of 100. 1. American Tower Corporation this page AMT · breaking out · Most evidence points up · 76% evidence 68.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 6.7% · Profit 100% · 71% evidence Capital efficiency 18.7/25 · ROA 5% · ROE 34.3% · GNPA n/a · 68% evidence Valuation 9.5/20 · P/BV 7.43× · P/BV÷ROE 0.22 · 70% evidence Relative strength 16.8/20 · Lead over its industry 17.1% · Lead over S&P 500 2.1% · 1 year 9.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23 + 18.7 + 9.5 + 16.8 = 68 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) CCI · turning · Too little evidence to rank firmly · 57% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Income -5.3% · Profit n/a · 52% evidence Capital efficiency 18.4/25 · ROA 4.5% · ROE 47.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV -8.28× · P/BV÷ROE n/a · 10% evidence Relative strength 18.1/20 · Lead over its industry 17.5% · Lead over S&P 500 2.4% · 1 year 3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.9 + 18.4 + 10.9 + 18.1 = 65.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) GLPI · basing · Evidence leans up · 76% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Income 5.8% · Profit 34.8% · 71% evidence Capital efficiency 19.7/25 · ROA 6.2% · ROE 19.1% · GNPA n/a · 68% evidence Valuation 14.3/20 · P/BV 2.35× · P/BV÷ROE 0.12 · 70% evidence Relative strength 5.9/20 · Lead over its industry -3.3% · Lead over S&P 500 -16% · 1 year -11.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.7 + 14.3 + 5.9 = 62.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [OUTFRONT Media Inc.](https://www.sectoralpha.in/us/stocks/out) OUT · turning · Evidence leans up · 76% evidence 62.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Income 7.7% · Profit 100% · 71% evidence Capital efficiency 13.2/25 · ROA 2.7% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 4.5/20 · P/BV 8.01× · P/BV÷ROE 0.74 · 70% evidence Relative strength 17.8/20 · Lead over its industry 22.3% · Lead over S&P 500 6.8% · 1 year 61.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.6 + 13.2 + 4.5 + 17.8 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Equinix, Inc.](https://www.sectoralpha.in/us/stocks/eqix) EQIX · turning · Evidence leans up · 76% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Income 10.9% · Profit 54.2% · 71% evidence Capital efficiency 15.6/25 · ROA 3.7% · ROE 11.7% · GNPA n/a · 68% evidence Valuation 5.3/20 · P/BV 7.14× · P/BV÷ROE 0.61 · 70% evidence Relative strength 16.6/20 · Lead over its industry 17.4% · Lead over S&P 500 2.4% · 1 year 27.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 15.6 + 5.3 + 16.6 = 61 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [EPR Properties](https://www.sectoralpha.in/us/stocks/epr) EPR · quiet · Evidence leans up · 76% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 5.4% · Profit 52.9% · 71% evidence Capital efficiency 15.3/25 · ROA 4% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 12.0/20 · P/BV 1.92× · P/BV÷ROE 0.18 · 70% evidence Relative strength 14.6/20 · Lead over its industry 15.9% · Lead over S&P 500 1.2% · 1 year 19.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.5 + 15.3 + 12 + 14.6 = 59.4 · What this means: Relative strength against the index is 1.2%, and revenue and profit growth are weak. 7. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) LAMR · quiet · Evidence leans up · 76% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Income 4.1% · Profit 26.6% · 71% evidence Capital efficiency 19.0/25 · ROA 4.8% · ROE 40.6% · GNPA n/a · 68% evidence Valuation 5.5/20 · P/BV 15.9× · P/BV÷ROE 0.39 · 70% evidence Relative strength 17.4/20 · Lead over its industry 19.6% · Lead over S&P 500 4.6% · 1 year 25.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 19 + 5.5 + 17.4 = 58.1 · What this means: Relative strength against the index is 4.6%, and revenue and profit growth are weak. 8. [Iron Mountain Incorporated](https://www.sectoralpha.in/us/stocks/irm) IRM · quiet · Too little evidence to rank firmly · 55% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Income 17.4% · Profit 100% · 45% evidence Capital efficiency 12.2/25 · ROA 4.8% · ROE -1330.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV -42.14× · P/BV÷ROE n/a · 10% evidence Relative strength 14.7/20 · Lead over its industry 16.6% · Lead over S&P 500 1.7% · 1 year 14.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 12.2 + 9.8 + 14.7 = 57 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [SBA Communications Corporation](https://www.sectoralpha.in/us/stocks/sbac) SBAC · turning · Too little evidence to rank firmly · 54% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 5.3% · Profit 12.6% · 62% evidence Capital efficiency 17.6/25 · ROA 7.9% · ROE n/a · GNPA n/a · 42% evidence Valuation 9.8/20 · P/BV -4.12× · P/BV÷ROE n/a · 10% evidence Relative strength 12.9/20 · Lead over its industry 9.6% · Lead over S&P 500 -4.6% · 1 year -1% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.8 + 17.6 + 9.8 + 12.9 = 53.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) DLR · basing · Evidence leans down · 76% evidence 43.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Income 18.8% · Profit -43.5% · 71% evidence Capital efficiency 10.8/25 · ROA 1.4% · ROE 2.8% · GNPA n/a · 68% evidence Valuation 4.4/20 · P/BV 2.17× · P/BV÷ROE 0.78 · 70% evidence Relative strength 11.8/20 · Lead over its industry 11.3% · Lead over S&P 500 -2.9% · 1 year 8.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.8 + 4.4 + 11.8 = 43.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) WY · basing · Evidence leans down · 76% evidence 43.6 out of 100 Growth Capital Valuation Relative
12. [Rayonier Inc.](https://www.sectoralpha.in/us/stocks/ryn) RYN · basing · Evidence leans down · 64% evidence 42.5 out of 100 Growth Capital Valuation Relative
13. [Uniti Group Inc.](https://www.sectoralpha.in/us/stocks/unit) UNIT · quiet · Too little evidence to rank firmly · 52% evidence 37.6 out of 100 Growth Capital Valuation Relative
14. [Gladstone Land Corporation](https://www.sectoralpha.in/us/stocks/land) LAND · quiet · Too little evidence to rank firmly · 55% evidence 35.0 out of 100 Growth Capital Valuation Relative
15. [Farmland Partners Inc.](https://www.sectoralpha.in/us/stocks/fpi) FPI · quiet · Most evidence points down · 76% evidence 25.7 out of 100 Growth Capital Valuation Relative
16. Blackstone Digital Infrastructure Trust Inc. BXDC · quiet · Too little evidence to rank firmly · 0% evidence 50.0 out of 100 Growth Capital Valuation Relative
17. Fermi Inc. FRMI · quiet · Too little evidence to rank firmly · 33% evidence 34.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Specialty](https://www.sectoralpha.in/us/sectors/reit-specialty), all 17 compared on one page. ## Which companies are close to American Tower in size? American Tower is the 2nd largest of 15 REIT - Specialty companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Equinix, Inc. Just below it: Digital Realty Trust, Inc., Crown Castle Inc., Iron Mountain Incorporated, SBA Communications Corporation and Lamar Advertising Company. ### REIT - Specialty companies close in size

1. [Equinix, Inc.](https://www.sectoralpha.in/us/stocks/eqix) $104.4 billion
2. American Tower Corporation $90.4 billion
3. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) $71.2 billion
4. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) $39.3 billion
5. [Iron Mountain Incorporated](https://www.sectoralpha.in/us/stocks/irm) $35.4 billion
6. [SBA Communications Corporation](https://www.sectoralpha.in/us/stocks/sbac) $20.4 billion
7. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) $16.1 billion

[All 15 REIT - Specialty companies, largest first](https://www.sectoralpha.in/us/sectors/reit-specialty#all-companies)

### Companies close in size in other industries

1. [AppLovin Corporation](https://www.sectoralpha.in/us/stocks/app) $90.9 billion · Advertising Agencies
2. [Cadence Design Systems, Inc.](https://www.sectoralpha.in/us/stocks/cdns) $90.4 billion · Software - Application
3. American Tower Corporation $90.4 billion
4. [Freeport-McMoRan Inc.](https://www.sectoralpha.in/us/stocks/fcx) $90 billion · Copper
5. [Trane Technologies plc](https://www.sectoralpha.in/us/stocks/tt) $89.9 billion · Building Products & Equipment

## What else do people ask about American Tower? ### What were American Tower's latest quarterly results? American Tower Corporation reported revenue of $2.7 B and net profit of $888 M for the Jun 2026 quarter. Revenue rose 4.7% and profit rose 133.2% compared with a year earlier. Earnings per share were $1.86. The operating margin was 45.4%, 0.2 percentage points lower than a year earlier (as of 4 November 2026). ### What is American Tower's market cap? American Tower Corporation's market capitalisation is $90.4 B at a stock price of $194.87. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is American Tower performing? American Tower Corporation's share price has been stalling near its high for 5 weeks. In its latest quarter, revenue rose 4.7% and profit rose 133.2% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 5 weeks running (as of 4 November 2026). ### Will American Tower's stock price go up? This page does not forecast American Tower Corporation's stock price. What it shows instead: the stock price is $194.87, and it has been stalling near its high for 5 weeks. Its P/E of 27.4× is higher than 15% of its own last 2 years (as of 4 November 2026). ### Does American Tower have too much debt? Yes, American Tower Corporation has a lot of debt: its debt is 4.64× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Is American Tower's profit real cash? Yes, over the last 3 years, 247% of American Tower Corporation's reported profit came in as cash from operations. The latest year was lower at 208%, so the trend is worth watching. In FY25, operating cash was $5.5 B against reported profit of $2.6 B. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 4 November 2026). ### Where is American Tower in its business cycle? American Tower Corporation's FY25 operating margin was 45.7%, against a 5-year range of 30.2% to 45.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 45.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the American Tower story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is American Tower a stock worth studying right now? What the numbers show: American Tower Corporation's earnings have grown faster than its share price. Earnings per share grew +12.0% in a year while the price moved +9.5%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

This is research, not advice. We’re not SEBI-registered.