AMT
American Tower
$173.66
▲ 1.4%Updated Today 11:30 AM ET
AMT at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 66/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 18.3% over the last 12 months
Market Cap
$77.35B
P/E
27.82x
Forward P/E (est.)
19.87x
ROE
78.2%
Revenue Growth
6.3%
EPS Growth
59.0%
Profit Margin
26.8%
FCF Yield
7.7%
Debt / Equity
10.19x
ROIC
9.0%
Interest Coverage
3.47x
Current Ratio
0.3x
Dividend Yield
3.8%
Implied Growth (rev. DCF)
3.9%
Rating Score
66/100
American Tower (AMT) is a large-cap company in the Telecom Tower REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $77.35B.
In its latest reported year it generated about $10.64B in revenue.
Our model rates AMT Favorable (66/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (9 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
40.4% average over the last 3 years
±6.5 pts around 34.5% across 9 years
grew in 8 of the last 8 year-over-year periods
positive in 9 of 9 years
9.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what AMT's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. AMT trades near $173.66, below its 50-day average ($180.21) and 200-day average ($181.24). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 26 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. AMT's is $5.57 (~3.2% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month AMT found buyers near $162.27 (support) and sellers near $196.08 (resistance); its 52-week range is $162.27–$234.33. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.1× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.3%
Revenue moved from $6.66B in 2017 to $10.64B in 2025, a 6.0% compound annual growth rate. The most recent year grew a steady 6.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
74.0%
Operating Margin
45.5%
Net Margin
26.8%
ROE
78.2%
American Tower keeps about 26.8% of each sales dollar as net profit, with a 74.0% gross margin and 45.5% operating margin. Return on equity is 78.2% and return on invested capital about 9.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$38.90B
Net Debt
$37.29B
Net Debt / EBITDA
7.7x
Debt / Equity
10.19x
Leverage: debt-to-equity is 10.2x, and operating profit covers interest about 3.5x, with a current ratio of 0.3x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $38.90B of total debt against $1.61B of cash.
Operating CF
$5.46B
Free Cash Flow
$3.78B
FCF Margin
35.5%
In the latest year American Tower produced about $5.46B of operating cash flow and $3.78B of free cash flow after capital spending. That is a free-cash-flow yield of about 7.7% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
3.8%
Per share (latest FY)
$6.72
Total paid (latest FY)
$3.18B
History on record
9 years
dividend uses 84% of free cash flow
total dividends increased 8 years in a row
no cuts in the last 9 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
27.82x
P/S
8.05x
P/B
21.32x
EV / EBITDA
—
AMT trades at 27.8x trailing earnings (about 19.9x on estimated forward earnings), 8.1x sales, and 21.3x book value. Reverse-engineering today's price implies the market expects roughly 3.9% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$158.83
Current price
$173.66
Starting FCF (latest 10-K)
$3.78B
Growth, years 1–5
6.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where AMT sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How AMT stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (41 S&P 500 companies), AMT ranks #5 of 41 by our overall rating. It trades at roughly in line versus the sector on earnings (27.8x P/E vs. 32.4x median) with a higher return on equity (78.2% vs. 8.0%) and faster revenue growth (6.3% vs. 5.3%).
P/E vs sector
27.8x
median 32.4x
ROE vs sector
78.2%
median 8.0%
Growth vs sector
6.3%
median 5.3%
Sector rank
#5
of 41 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 41 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $173.66 today · expected CAGR -3% – 7%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $11.28B | $11.96B | $12.68B | $13.44B | $14.24B |
| Net income | $3.05B | $3.23B | $3.42B | $3.63B | $3.85B |
| EPS | $6.84 | $7.25 | $7.68 | $8.15 | $8.63 |
| Share price (low) | $116.27 | $123.25 | $130.64 | $138.48 | $146.79 |
| Share price (high) | $191.51 | $203.00 | $215.18 | $228.09 | $241.77 |
| CAGR (low–high) | -33% / 10% | -16% / 8% | -9% / 7% | -6% / 7% | -3% / 7% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for AMT:
- High net margins (26.8%) point to pricing power or efficiency.
- Strong return on equity (78.2%) shows capital is put to work well.
- Healthy free-cash-flow yield (~7.7%) funds buybacks and dividends.
- Pays a 3.8% dividend on top of any price gains.
- Our model's overall read is Favorable (66/100).
The case against AMT:
- Elevated leverage (debt/equity 10.2x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 10.2x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: American Tower is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 27.8x earnings, which our model scores Favorable (66/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 29 Wall Street analysts covering AMT recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+10 pts of buy ratings).
Latest SEC Filings
AMT's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
AMT — frequently asked questions
Is AMT a good stock to buy?
We don't give buy or sell advice. Our model rates American Tower Favorable (66/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is AMT's rating on The Stocks School?
American Tower currently scores 66/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does AMT's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from American Tower's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for AMT calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this AMT analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell AMT. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.