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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 10,645 | 10,127 | 10,012 | 9,645 | 9,357 | 8,042 | 7,580 | 7,440 | 6,664 | 5,786 |
| Cost of revenue | 2,748 | 2,574 | 2,562 | 2,569 | — | — | 43.1 | 49.1 | 34.6 | — |
| Gross profit | 7,897 | 7,553 | 7,451 | 7,076 | — | — | — | — | — | — |
| Selling, general and administrative | 941 | 933 | 946 | 902 | — | — | — | — | — | — |
| Operating income | 4,846 | 4,517 | 3,126 | 2,739 | 3,132 | 2,888 | 2,688 | 1,905 | 1,998 | 1,853 |
| EBIT | 4,866 | 4,580 | 3,486 | 2,911 | 3,556 | — | — | — | — | — |
| EBITDA | 6,908 | 6,609 | 6,414 | 6,076 | 5,888 | — | — | — | — | — |
| Interest expense | 1,359 | 1,405 | 1,398 | 1,137 | 871 | 794 | 814 | 826 | 750 | — |
| Pre-tax income | 3,044 | 3,625 | 1,529 | 2,086 | 2,829 | — | — | — | — | — |
| Income tax | 416 | 366 | 90.8 | 113 | 262 | 130 | -0.2 | -110 | 30.7 | 156 |
| Net income | 2,629 | 2,280 | 1,367 | 1,697 | 2,568 | 1,691 | 1,888 | 1,236 | 1,239 | 956 |
| Net income to common shareholders | 2,530 | 2,255 | 1,483 | 1,766 | 2,568 | — | — | — | — | — |
| Basic EPS | 5.41 | 4.83 | 3.18 | 3.83 | 5.69 | 3.81 | 4.27 | 2.79 | 2.69 | 2.00 |
| Diluted EPS | 5.40 | 4.82 | 3.18 | 3.82 | 5.66 | 3.79 | 4.24 | 2.77 | 2.67 | 1.98 |
| Average shares (basic) | 468 | 467 | 466 | 462 | 451 | — | — | — | — | — |
| Average shares (diluted) | 469 | 468 | 467 | 463 | 453 | 446 | 446 | 443 | 432 | 429 |
| Dividend per share | 6.80 | 6.48 | 6.45 | 5.86 | 5.21 | — | — | — | — | — |