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Side-by-side financial comparison of American Tower (AMT) and INGLES MARKETS INC (IMKTA). Click either name above to swap in a different company.

American Tower is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 2.0× INGLES MARKETS INC). American Tower runs the higher net margin — 110.1% vs 2.0%, a 108.1% gap on every dollar of revenue. On growth, American Tower posted the faster year-over-year revenue change (6.8% vs 6.6%). American Tower produced more free cash flow last quarter ($941.0M vs $2.1M). Over the past eight quarters, American Tower's revenue compounded faster (3.7% CAGR vs 0.2%).

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.

Ingles Markets, Inc. is an American supermarket chain based in Black Mountain, North Carolina. As of September 2021, the company operates 198 supermarkets in the Appalachian region of the Southeastern United States. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.

AMT vs IMKTA — Head-to-Head

Bigger by revenue
AMT
AMT
2.0× larger
AMT
$2.7B
$1.4B
IMKTA
Growing faster (revenue YoY)
AMT
AMT
+0.2% gap
AMT
6.8%
6.6%
IMKTA
Higher net margin
AMT
AMT
108.1% more per $
AMT
110.1%
2.0%
IMKTA
More free cash flow
AMT
AMT
$938.9M more FCF
AMT
$941.0M
$2.1M
IMKTA
Faster 2-yr revenue CAGR
AMT
AMT
Annualised
AMT
3.7%
0.2%
IMKTA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AMT
AMT
IMKTA
IMKTA
Revenue
$2.7B
$1.4B
Net Profit
$3.0B
$28.1M
Gross Margin
24.4%
Operating Margin
0.0%
2.9%
Net Margin
110.1%
2.0%
Revenue YoY
6.8%
6.6%
Net Profit YoY
-2.6%
69.6%
EPS (diluted)

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
IMKTA
IMKTA
Q1 26
$2.7B
Q4 25
$2.7B
$1.4B
Q3 25
$2.7B
$1.4B
Q2 25
$2.6B
$1.3B
Q1 25
$2.6B
$1.3B
Q4 24
$2.5B
$1.3B
Q3 24
$2.5B
$1.4B
Q2 24
$2.5B
$1.4B
Net Profit
AMT
AMT
IMKTA
IMKTA
Q1 26
$3.0B
Q4 25
$836.8M
$28.1M
Q3 25
$912.6M
$25.7M
Q2 25
$380.5M
$26.2M
Q1 25
$498.6M
$15.1M
Q4 24
$1.2B
$16.6M
Q3 24
$-780.4M
$-1.5M
Q2 24
$908.4M
$31.7M
Gross Margin
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
24.4%
Q3 25
24.5%
Q2 25
24.3%
Q1 25
23.4%
Q4 24
23.4%
Q3 24
21.4%
Q2 24
23.7%
Operating Margin
AMT
AMT
IMKTA
IMKTA
Q1 26
0.0%
Q4 25
42.4%
2.9%
Q3 25
45.4%
2.6%
Q2 25
45.6%
2.8%
Q1 25
48.9%
1.6%
Q4 24
42.4%
1.8%
Q3 24
45.2%
-0.1%
Q2 24
45.4%
3.2%
Net Margin
AMT
AMT
IMKTA
IMKTA
Q1 26
110.1%
Q4 25
30.6%
2.0%
Q3 25
33.6%
1.9%
Q2 25
14.5%
1.9%
Q1 25
19.5%
1.1%
Q4 24
48.3%
1.3%
Q3 24
-30.9%
-0.1%
Q2 24
35.7%
2.3%
EPS (diluted)
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
$1.76
Q3 25
$1.82
Q2 25
$0.78
Q1 25
$1.04
Q4 24
$2.63
Q3 24
$-1.69
Q2 24
$1.92

Balance Sheet & Financial Strength

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

Metric
AMT
AMT
IMKTA
IMKTA
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$10.2B
$1.6B
Total Assets
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMT
AMT
IMKTA
IMKTA
Q1 26
$1.6B
Q4 25
$1.5B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$2.2B
Q2 24
$2.2B
Total Debt
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
$33.8B
Q3 25
$34.9B
$514.8M
Q2 25
$35.2B
Q1 25
$34.0B
Q4 24
$32.8B
Q3 24
$33.4B
$532.6M
Q2 24
$35.6B
Stockholders' Equity
AMT
AMT
IMKTA
IMKTA
Q1 26
$10.2B
Q4 25
$3.7B
$1.6B
Q3 25
$4.0B
$1.6B
Q2 25
$3.7B
$1.6B
Q1 25
$3.5B
$1.6B
Q4 24
$3.4B
$1.6B
Q3 24
$3.6B
$1.5B
Q2 24
$3.9B
$1.6B
Total Assets
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
$63.2B
$2.6B
Q3 25
$63.9B
$2.6B
Q2 25
$63.8B
$2.5B
Q1 25
$62.1B
$2.5B
Q4 24
$61.1B
$2.5B
Q3 24
$62.8B
$2.5B
Q2 24
$65.8B
$2.5B
Debt / Equity
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
9.26×
Q3 25
8.82×
0.32×
Q2 25
9.48×
Q1 25
9.63×
Q4 24
9.70×
Q3 24
9.16×
0.34×
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
IMKTA
IMKTA
Operating Cash FlowLast quarter
$38.4M
Free Cash FlowOCF − Capex
$941.0M
$2.1M
FCF MarginFCF / Revenue
34.4%
0.1%
Capex IntensityCapex / Revenue
16.8%
2.6%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$6.7B
$123.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
$5.5B
$38.4M
Q3 25
$1.5B
$59.9M
Q2 25
$1.3B
$74.8M
Q1 25
$1.3B
$63.1M
Q4 24
$5.3B
$-43.6M
Q3 24
$1.5B
$73.3M
Q2 24
$1.3B
$103.3M
Free Cash Flow
AMT
AMT
IMKTA
IMKTA
Q1 26
$941.0M
Q4 25
$3.8B
$2.1M
Q3 25
$994.5M
$36.8M
Q2 25
$976.9M
$45.4M
Q1 25
$963.9M
$38.9M
Q4 24
$3.7B
$-81.4M
Q3 24
$1.0B
$5.4M
Q2 24
$1.0B
$58.6M
FCF Margin
AMT
AMT
IMKTA
IMKTA
Q1 26
34.4%
Q4 25
138.2%
0.1%
Q3 25
36.6%
2.7%
Q2 25
37.2%
3.4%
Q1 25
37.6%
2.9%
Q4 24
145.3%
-6.3%
Q3 24
41.4%
0.4%
Q2 24
39.8%
4.2%
Capex Intensity
AMT
AMT
IMKTA
IMKTA
Q1 26
16.8%
Q4 25
61.4%
2.6%
Q3 25
17.1%
1.7%
Q2 25
11.6%
2.2%
Q1 25
12.9%
1.8%
Q4 24
62.4%
2.9%
Q3 24
16.8%
4.9%
Q2 24
12.8%
3.2%
Cash Conversion
AMT
AMT
IMKTA
IMKTA
Q1 26
Q4 25
6.53×
1.37×
Q3 25
1.60×
2.33×
Q2 25
3.37×
2.85×
Q1 25
2.60×
4.17×
Q4 24
4.30×
-2.63×
Q3 24
Q2 24
1.47×
3.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMT
AMT

Segment breakdown not available.

IMKTA
IMKTA

Grocery$502.1M37%
Perishables$359.7M26%
Non Foods$305.5M22%
Gasoline$152.1M11%
Other$53.6M4%

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