Stocks · Real Estate · REIT - Specialty
American Tower Corporation AMT
$162.26 +0.04% Close, Oct 5, 2026 · NYSE · Market cap $75.58B
High quality
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $7.27, up 164.4% year over year.
- At 22.3× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 6.2× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 49%
- EPS growth (TTM, YoY)Top 12%
- FCF growth (TTM, YoY)Top 39%
- Revenue growth, 3-year CAGRBottom 39%
- Revenue growth accelerationTop 19%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 24%
- Gross marginTop 22%
- Operating marginTop 21%
- Cash conversion (OCF / net income)Bottom 49%
- Accruals (lower is better)Top 40%
- Net debt / EBITDA (lower is better)Bottom 46%
- Interest coverTop 7%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 36%
- Free-cash-flow yieldBottom 49%
- EBITDA / enterprise valueBottom 45%
- Sales / enterprise valueBottom 36%
- P/E vs own 5-year history (lower is better)Top 9%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 34%
- 6-month returnBottom 38%
- 1-year return vs S&P 500Bottom 35%
- Distance from 52-week highTop 35%
- Trend checklist (0–4)Bottom 23%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 35%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyTop 7%
- Upside to consensus price targetTop 36%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 45%
- Maximum drawdown, 3 yearsTop 42%
- Beta vs S&P 500 (lower is better)Top 2%
- Net debt / EBITDA (lower is better)Bottom 46%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 2.7% | 6.7% | ↑ |
| EPS growth (YoY) | 59.1% | 164.4% | ↑ |
| Gross margin | 74.4% | 73.2% | ↓ |
| Operating margin | 45.5% | 44.4% | ↓ |
| FCF margin | 36.5% | 36.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.7% | 2.7% | ↑ | Bottom 49% |
| EPS growth (TTM, YoY) | 164.4% | 59.1% | ↑ | Top 12% |
| Gross margin | 73.2% | 74.4% | ↓ | Top 22% |
| Operating margin | 44.4% | 45.5% | ↓ | Top 21% |
| Net margin | 30.9% | 12.6% | ↑ | — |
| Free-cash-flow margin | 36.2% | 36.5% | ↓ | — |
| Return on invested capital | 7.2% | — | Top 24% | |
| Revenue growth, 3-year CAGR | 3.3% | — | Bottom 39% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.71×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -45.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.15×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.28%
- Net buyback yield (TTM)
- 0.71%
- Shareholder yield
- 4.99%
- Share count change, 1 year
- -0.5%
- Share count change, 3-year CAGR
- -0.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +15.5%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $210.00
- Target vs current price
- +29.4%
- Analysts with a rating
- 50
- Share rating Buy or Strong Buy
- 82%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +18.5% | +2.9% | +3.8% | +7.0% | — |
| Apr 28, 2026 | +15.0% | +1.8% | +3.2% | +5.5% | -6.1% |
| Feb 24, 2026 | +18.2% | +0.1% | +0.1% | -7.1% | -3.7% |
| Oct 28, 2025 | +10.3% | -3.7% | -6.9% | -5.4% | -5.8% |
| Jul 29, 2025 | -53.3% | -4.2% | -5.0% | -5.8% | -14.2% |
| Apr 29, 2025 | -34.8% | +4.7% | +5.9% | +1.1% | +9.4% |
| Feb 25, 2025 | +50.6% | +6.1% | +9.2% | +10.8% | +12.2% |
| Oct 29, 2024 | +7.6% | -4.2% | -4.5% | -6.6% | -13.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.86 | $1.57 | +18.5% | $2.75B |
| Apr 28, 2026 | $1.84 | $1.60 | +15.0% | $2.74B |
| Feb 24, 2026 | $1.75 | $1.48 | +18.2% | $2.74B |
| Oct 28, 2025 | $1.82 | $1.65 | +10.3% | $2.72B |
| Jul 29, 2025 | $0.78 | $1.67 | -53.3% | $2.63B |
| Apr 29, 2025 | $1.05 | $1.61 | -34.8% | $2.56B |
| Feb 25, 2025 | $2.62 | $1.74 | +50.6% | $2.55B |
| Oct 29, 2024 | $1.69 | $1.57 | +7.6% | $2.52B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 22.3× | 44.2× | 0th | Top 36% |
| P/E (forward) | 23.3× | — | — | — |
| EV / EBITDA | 16.9× | — | — | Bottom 45% |
| EV / Sales | 10.86× | — | — | Bottom 36% |
| Free-cash-flow yield | 5.24% | — | — | Bottom 49% |
| Earnings yield | 4.48% | — | — | Top 36% |
P/E over the past five years
Range 23.6× – 119.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -15.1%
- Earnings per share growth (TTM)
- +164.4%
- Change in P/E multiple
- -69.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.0%
- 200-day average slope (20 days)
- -0.5%
- Distance from 50-day average
- -6.1%
- Distance from 200-day average
- -8.2%
- RSI (14)
- 32.8
- Relative volume
- 0.89×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 24.4%
- Volatility vs own 5-year history
- 34th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.03
- Correlation with S&P 500
- 0.02
- Current drawdown from 1-year high
- -16.4%
- Maximum drawdown, 3 years
- -33.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 8, 2021 | Oct 4, 2023 | -48.1% | 521 days | Not yet recovered |
| Oct 12, 2020 | Mar 8, 2021 | -19.4% | 100 days | 27 days (Apr 15, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $75.58B
- P/E (TTM)
- 22.3
- EPS, diluted (TTM)
- $7.27
- Revenue (TTM)
- $10.94B
- Dividend yield
- 4.36%
- 52-week range
- $160.06 – $196.08
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $9.36B | $9.65B | $10.01B | $10.13B | $10.65B |
| Gross profit | $6.67B | $7.08B | $7.45B | $7.55B | $7.84B |
| Operating income | $3.13B | $2.74B | $3.13B | $4.52B | $4.88B |
| Net income | $2.57B | $1.77B | $1.48B | $2.25B | $2.53B |
| EPS (diluted) | $5.66 | $3.82 | $3.18 | $4.82 | $5.39 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.55B | $2.56B | $2.63B | $2.72B | $2.74B | $2.74B | $2.75B |
| Net income | -$792.3M | $1.23B | $488.7M | $366.8M | $853.3M | $821.0M | $836.8M | $867.5M |
| EPS (diluted) | -$1.69 | $2.62 | $1.04 | $0.78 | $1.82 | $1.75 | $1.84 | $1.86 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $4.82B | $3.70B | $4.72B | $5.29B | $5.46B |
| Capital expenditure | -$1.38B | -$1.87B | -$1.80B | -$1.59B | -$1.68B |
| Free cash flow | $3.44B | $1.82B | $2.92B | $3.70B | $3.78B |
| Dividends paid | -$2.27B | -$2.63B | -$2.95B | -$3.07B | -$3.16B |
| Net share buybacks | $2.36B | $2.27B | $1.32B | $46.4M | -$322.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.76B
- Total assets
- $63.30B
- Total liabilities
- $53.05B
- Total debt
- $44.98B
- Net debt
- $43.22B
- Shareholders’ equity
- $3.72B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $1.79 | Oct 20, 2026 |
| Jun 12, 2026 | $1.79 | Jul 13, 2026 |
| Apr 14, 2026 | $1.79 | Apr 28, 2026 |
| Dec 29, 2025 | $1.70 | Feb 2, 2026 |
| Sep 30, 2025 | $1.70 | Oct 20, 2025 |
| Jun 13, 2025 | $1.70 | Jul 11, 2025 |
| Apr 11, 2025 | $1.70 | Apr 28, 2025 |
| Dec 27, 2024 | $1.62 | Feb 3, 2025 |
Short interest
- Shares sold short
- 6,084,092
- Days to cover
- 2.77
- Change vs previous report
- +2.6%
FINRA short interest, settlement date Sep 15, 2026.