American Tower revenue and financials

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$164.78+1.55%+$2.52

Close · October 6, 2026

In the fiscal year ended December 2025, American Tower reported revenue of $10.64B (+5.11% year over year). Net income was $2.63B, a net margin of 24.7%.

Annual revenue · 2025: $10.64B

$5.79B2016
$6.66B2017
$7.44B2018
$7.58B2019
$8.04B2020
$9.36B2021
$9.65B2022
$10.01B2023
$10.13B2024
$10.64B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +5.11%; 2025 vs 2024
Net income growth: +15.27%; 2025 vs 2024
Net margin: 24.7%; 2024: 22.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	63,190	61,077	66,028	67,195	69,888	47,234	42,802	33,010	33,214	30,879
Current assets	2,742	3,179	3,710	3,622	3,729	2,906	2,554	2,385	2,038	1,690
Cash and equivalents	1,475	2,000	1,973	1,549	1,950	1,746	1,501	1,209	802	787
Receivables	890	785	813	1,126	—	—	—	—	—	—
Net property, plant and equipment	28,783	27,146	27,068	28,917	29,009	—	—	—	—	—
Goodwill	12,256	11,768	12,639	12,075	13,350	7,283	6,178	5,502	5,638	5,071
Other intangible assets	14,531	14,474	15,932	17,983	20,727	—	—	—	—	—
Current liabilities	6,914	7,076	7,249	8,312	9,067	3,656	5,488	4,690	2,512	1,631
Accounts payable	260	241	251	219	—	—	—	—	—	—
Long-term debt	37,220	36,502	38,922	38,902	43,498	29,288	1.9	21,160	20,205	18,533
Total debt	44,964	43,954	46,307	47,051	—	—	—	—	—	—
Total liabilities	52,835	51,429	55,162	54,786	60,818	42,453	36,215	26,106	25,260	22,812
Total equity (incl. minority)	10,355	9,649	10,865	12,409	9,070	—	—	—	—	—
Retained earnings	-5,086	-4,424	-3,639	-2,102	—	—	—	—	—	—
Minority interest	6,703	6,267	6,667	6,836	3,988	—	—	—	—	—