American TowerAMTEarnings & Financial Report
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
Revenue
$2.6B
Gross Profit
N/A
Operating Profit
$1.3B
Net Profit
$498.6M
Gross Margin
N/A
Operating Margin
48.9%
Net Margin
19.5%
YoY Growth
2.0%
EPS
$1.04
American Tower Q1 FY2025 Financial Summary
American Tower reported revenue of $2.6B (up 2.0% YoY) for Q1 FY2025, with a net profit of $498.6M (down 45.9% YoY) (19.5% margin).
Key Financial Metrics
| Total Revenue | $2.6B |
|---|---|
| Net Profit | $498.6M |
| Gross Margin | N/A |
| Operating Margin | 48.9% |
| Report Period | Q1 FY2025 |
American Tower Annual Revenue by Year
American Tower annual revenue history includes year-by-year totals (for example, 2025 revenue was $10.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $10.6B |
| 2024 | $10.1B |
| 2023 | $756.7M |
| 2022 | $855.0M |
American Tower Quarterly Revenue & Net Profit History
American Tower results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.7B | — | $3.0B | 110.1% |
| Q4 FY2025 | $2.7B | +7.5% | $836.8M | 30.6% |
| Q3 FY2025 | $2.7B | +7.7% | $912.6M | 33.6% |
| Q2 FY2025 | $2.6B | +3.2% | $380.5M | 14.5% |
| Q1 FY2025 | $2.6B | +2.0% | $498.6M | 19.5% |
| Q4 FY2024 | $2.5B | +3.7% | $1.2B | 48.3% |
| Q3 FY2024 | $2.5B | +0.0% | $-780.4M | -30.9% |
| Q2 FY2024 | $2.5B | +1.2% | $908.4M | 35.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.52B | $2.55B | $2.56B | $2.63B | $2.72B | $2.74B | $2.74B |
| YoY Growth | 1.2% | 0.0% | 3.7% | 2.0% | 3.2% | 7.7% | 7.5% | N/A |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $65.84B | $62.82B | $61.08B | $62.06B | $63.75B | $63.89B | $63.19B | N/A |
| Liabilities | $55.41B | $52.62B | $51.43B | $52.12B | $53.28B | $53.12B | $52.84B | $53.08B |
| Equity | $3.86B | $3.64B | $3.38B | $3.53B | $3.71B | $3.95B | $3.65B | $10.15B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.34B | $1.47B | $5.29B | $1.29B | $1.28B | $1.46B | $5.46B |