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Side-by-side financial comparison of American Tower (AMT) and BARRICK MINING CORP (B). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $2.7B, roughly 1.3× American Tower). American Tower runs the higher net margin — 110.1% vs 34.1%, a 76.0% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 6.8%).

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.

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

AMT vs B — Head-to-Head

Bigger by revenue
B
B
1.3× larger
B
$3.7B
$2.7B
AMT
Growing faster (revenue YoY)
B
B
+9.6% gap
B
16.4%
6.8%
AMT
Higher net margin
AMT
AMT
76.0% more per $
AMT
110.1%
34.1%
B

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
AMT
AMT
B
B
Revenue
$2.7B
$3.7B
Net Profit
$3.0B
$1.3B
Gross Margin
49.0%
Operating Margin
0.0%
38.5%
Net Margin
110.1%
34.1%
Revenue YoY
6.8%
16.4%
Net Profit YoY
-2.6%
98.1%
EPS (diluted)
$0.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMT
AMT
B
B
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
$3.7B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
$3.2B
Net Profit
AMT
AMT
B
B
Q1 26
$3.0B
Q4 25
$836.8M
Q3 25
$912.6M
Q2 25
$380.5M
$1.3B
Q1 25
$498.6M
Q4 24
$1.2B
Q3 24
$-780.4M
Q2 24
$908.4M
$634.0M
Gross Margin
AMT
AMT
B
B
Q1 26
Q4 25
Q3 25
Q2 25
49.0%
Q1 25
Q4 24
Q3 24
Q2 24
37.4%
Operating Margin
AMT
AMT
B
B
Q1 26
0.0%
Q4 25
42.4%
Q3 25
45.4%
Q2 25
45.6%
38.5%
Q1 25
48.9%
Q4 24
42.4%
Q3 24
45.2%
Q2 24
45.4%
34.5%
Net Margin
AMT
AMT
B
B
Q1 26
110.1%
Q4 25
30.6%
Q3 25
33.6%
Q2 25
14.5%
34.1%
Q1 25
19.5%
Q4 24
48.3%
Q3 24
-30.9%
Q2 24
35.7%
20.1%
EPS (diluted)
AMT
AMT
B
B
Q1 26
Q4 25
$1.76
Q3 25
$1.82
Q2 25
$0.78
$0.47
Q1 25
$1.04
Q4 24
$2.63
Q3 24
$-1.69
Q2 24
$1.92
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMT
AMT
B
B
Cash + ST InvestmentsLiquidity on hand
$1.6B
$4.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$10.2B
$33.4B
Total Assets
$47.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMT
AMT
B
B
Q1 26
$1.6B
Q4 25
$1.5B
Q3 25
$2.0B
Q2 25
$2.1B
$4.8B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$2.2B
Q2 24
$2.2B
$4.0B
Total Debt
AMT
AMT
B
B
Q1 26
Q4 25
$33.8B
Q3 25
$34.9B
Q2 25
$35.2B
Q1 25
$34.0B
Q4 24
$32.8B
Q3 24
$33.4B
Q2 24
$35.6B
Stockholders' Equity
AMT
AMT
B
B
Q1 26
$10.2B
Q4 25
$3.7B
Q3 25
$4.0B
Q2 25
$3.7B
$33.4B
Q1 25
$3.5B
Q4 24
$3.4B
Q3 24
$3.6B
Q2 24
$3.9B
$32.5B
Total Assets
AMT
AMT
B
B
Q1 26
Q4 25
$63.2B
Q3 25
$63.9B
Q2 25
$63.8B
$47.3B
Q1 25
$62.1B
Q4 24
$61.1B
Q3 24
$62.8B
Q2 24
$65.8B
$46.2B
Debt / Equity
AMT
AMT
B
B
Q1 26
Q4 25
9.26×
Q3 25
8.82×
Q2 25
9.48×
Q1 25
9.63×
Q4 24
9.70×
Q3 24
9.16×
Q2 24
9.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMT
AMT
B
B
Operating Cash FlowLast quarter
$1.3B
Free Cash FlowOCF − Capex
$941.0M
FCF MarginFCF / Revenue
34.4%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$6.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMT
AMT
B
B
Q1 26
Q4 25
$5.5B
Q3 25
$1.5B
Q2 25
$1.3B
$1.3B
Q1 25
$1.3B
Q4 24
$5.3B
Q3 24
$1.5B
Q2 24
$1.3B
$1.2B
Free Cash Flow
AMT
AMT
B
B
Q1 26
$941.0M
Q4 25
$3.8B
Q3 25
$994.5M
Q2 25
$976.9M
Q1 25
$963.9M
Q4 24
$3.7B
Q3 24
$1.0B
Q2 24
$1.0B
FCF Margin
AMT
AMT
B
B
Q1 26
34.4%
Q4 25
138.2%
Q3 25
36.6%
Q2 25
37.2%
Q1 25
37.6%
Q4 24
145.3%
Q3 24
41.4%
Q2 24
39.8%
Capex Intensity
AMT
AMT
B
B
Q1 26
16.8%
Q4 25
61.4%
Q3 25
17.1%
Q2 25
11.6%
Q1 25
12.9%
Q4 24
62.4%
Q3 24
16.8%
Q2 24
12.8%
Cash Conversion
AMT
AMT
B
B
Q1 26
Q4 25
6.53×
Q3 25
1.60×
Q2 25
3.37×
1.06×
Q1 25
2.60×
Q4 24
4.30×
Q3 24
Q2 24
1.47×
1.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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