American Tower revenue and financials
$164.78Change from previous close: +1.55%Absolute change: +$2.52
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5,464 | 5,291 | 4,722 | 3,696 | 4,820 | 3,881 | 3,753 | 3,748 | 2,926 | 2,702 |
| Depreciation and amortization | 2,042 | 2,029 | 2,929 | 3,165 | 2,333 | 1,882 | 1,778 | 2,111 | 1,716 | 1,526 |
| Capital expenditure | -1,680 | -1,590 | -1,798 | -1,874 | -1,377 | -1,032 | -991 | -913 | -804 | -683 |
| Investing cash flow | -1,860 | 411 | -1,696 | -2,355 | -20,692 | — | — | — | — | — |
| Financing cash flow | -4,209 | -5,452 | -3,097 | -1,423 | — | — | — | — | — | — |
| Dividends paid | -3,181 | -3,027 | -3,007 | -2,715 | -2,271 | -1,928 | -1,603 | -1,324 | -1,073 | -886 |
| Share repurchases | -365 | 0.0 | 0.0 | -18.8 | 0.0 | -56.0 | -19.6 | -233 | -766 | 0.0 |
| Debt issued | 9,078 | 10,510 | 13,247 | 5,512 | 26,966 | — | — | — | — | — |
| Debt repaid | -9,450 | -12,430 | -13,230 | -9,626 | — | — | — | — | — | — |
| Effect of exchange rates | 101 | -234 | 23.2 | -120 | -70.3 | — | — | — | — | — |
| Net change in cash | -503 | 14.8 | -47.3 | -203 | 482 | — | — | — | — | — |
| Free cash flow | 3,784 | 3,701 | 2,924 | 1,823 | — | — | — | — | — | — |
| Levered free cash flow | 2,829 | 2,762 | 2,802 | 2,018 | 3,633 | — | — | — | — | — |