To the full analysis
American Tower stock: growth
AMTAmerican Tower reported $10.65B in revenue for fiscal 2025, up 5.1% on the prior year, up 8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
11.6%
per year from 2006 to 2025, per share 11%
Earnings (Annual rate)
26.9%
per year from 2006 to 2025, per share 26.7%
Free cash flow (Annual rate)
11.3%
per year from 2006 to 2025, per share 10.7%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 5.8% | 8.4% | 11.6% |
| Revenue per share | 4.6% | 7.1% | 11.0% |
| Earnings | 8.4% | 14.0% | 26.9% |
| Earnings per share | 7.2% | 14.3% | 26.7% |
| Free cash flow | 5.8% | 10.0% | 11.3% |
| Free cash flow per share | 4.7% | 8.8% | 10.7% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.32B | $27.48M | $493.64M |
| 2007 | $1.46B | $56.32M | $538.3M |
| 2008 | $1.59B | $347.25M | $529.77M |
| 2009 | $1.72B | $246.6M | $591.86M |
| 2010 | $1.99B | $372.94M | $674.31M |
| 2011 | $2.44B | $392.69M | $642.93M |
| 2012 | $2.88B | $637.28M | $846.34M |
| 2013 | $3.36B | $551.33M | $874.52M |
| 2014 | $4.1B | $824.91M | $1.16B |
| 2015 | $4.77B | $685.07M | $1.45B |
| 2016 | $5.79B | $956.43M | $2.02B |
| 2017 | $6.66B | $1.24B | $2.12B |
| 2018 | $7.44B | $1.24B | $2.84B |
| 2019 | $7.58B | $1.89B | $2.76B |
| 2020 | $8.04B | $1.69B | $2.85B |
| 2021 | $9.36B | $2.57B | $3.44B |
| 2022 | $9.65B | $1.77B | $1.82B |
| 2023 | $10.01B | $1.48B | $2.92B |
| 2024 | $10.13B | $2.26B | $3.7B |
| 2025 | $10.65B | $2.53B | $3.78B |
Revenue by segment
How American Tower Corporation makes its money and how that has shifted. Names are as the company reports them.
- Property97%
- Services Revenue3%
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Property | $9.93B | $10.31B | 96.8% |
| Services Revenue | $193.7M | $339.6M | 3.2% |
| Total revenue | $10.13B | $10.65B | 100% |
Revenue by region
Where American Tower Corporation generates its revenue.
- United States$5.6B52%
- Property, Latin America$1.6B15%
- Property, Africa$1.4B13%
- Property, Data Centers$1.1B10%
- Property, Europe$937.7M9%
- Services$339.6M3%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| United States | $5.59B | 52.5% |
| Property, Latin America | $1.64B | 15.4% |
| Property, Africa | $1.42B | 13.4% |
| Property, Data Centers | $1.05B | 9.9% |
| Property, Europe | $937.7M | 8.8% |
| Services | $339.6M | 3.2% |
| Total revenue | $10.65B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 17 Jan 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.