American Tower (REIT) Financial Statements
NYSE: AMTReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Tower (REIT) revenue and earnings
In fiscal 2025, American Tower (REIT) generated $10.64 billion in revenue, up 5.1% from fiscal 2024, its 18th consecutive year of revenue growth. Net income was $2.63 billion (+15.3% year over year), for a net margin of 24.7% versus a median of 21.0% in the prior 5 years. Operating margin was 45.5%.
Diluted earnings per share came in at $5.40, up from $4.82. Over the last 5 fiscal years, AMT's revenue has grown at a 5.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
American Tower (REIT) income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.64B | 10.13B | 10.01B | 9.65B | 9.36B | 8.04B | 7.58B | 7.44B | 6.66B | 5.79B |
| Revenue growth (YoY) | +5.11% | +1.15% | +3.80% | +3.08% | +16.36% | +6.08% | +1.88% | +11.65% | +15.18% | +21.26% |
| Cost of Revenue | — | — | — | — | — | — | 43.10M | 49.10M | 34.60M | 27.70M |
| Gross Profit | — | — | — | — | — | — | 7.54B | 7.39B | 6.63B | 5.76B |
| Operating Expenses | — | — | — | — | — | — | 4.85B | 5.49B | 4.63B | 3.90B |
| Selling, General & Admin | 940.70M | 933.40M | 946.00M | 902.10M | 811.60M | 778.70M | 730.40M | 733.20M | 637.00M | 543.40M |
| Operating Income | 4.85B | 4.52B | 3.13B | 2.74B | 3.13B | 2.89B | 2.69B | 1.91B | 2.00B | 1.85B |
| Interest Expense | 1.36B | 1.40B | 1.40B | 1.14B | 870.90M | 793.50M | 814.20M | 825.50M | 749.60M | — |
| Other Income (Expense) | -1.80B | -891.70M | -1.60B | -652.60M | -302.60M | -1.07B | -772.00M | -750.40M | -742.30M | -727.10M |
| Pretax Income | 3.04B | 3.62B | 1.53B | 2.09B | 2.83B | 1.82B | 1.92B | 1.15B | 1.26B | 1.13B |
| Income Tax | 415.70M | 366.30M | 90.80M | 112.80M | 261.80M | 129.60M | -200.00K | -110.10M | 30.70M | 155.50M |
| Net Income | 2.63B | 2.28B | 1.37B | 1.70B | 2.57B | 1.69B | 1.89B | 1.24B | 1.24B | 956.40M |
| Net Income growth (YoY) | +15.27% | +66.79% | -19.43% | -33.92% | +51.88% | -10.45% | +52.69% | -0.20% | +29.54% | +39.60% |
| EPS (Basic) | 5.41 | 4.83 | 3.18 | 3.83 | 5.69 | 3.81 | 4.27 | 2.79 | 2.69 | 2.00 |
| EPS (Diluted) | 5.40 | 4.82 | 3.18 | 3.82 | 5.66 | 3.79 | 4.24 | 2.77 | 2.67 | 1.98 |
| Shares Outstanding (Basic) | 467.92M | 467.01M | 466.06M | 461.52M | 451.50M | 443.64M | 442.32M | 439.61M | 428.18M | 425.14M |
| Shares Outstanding (Diluted) | 468.76M | 468.12M | 467.16M | 462.75M | 453.29M | 446.10M | 445.52M | 442.96M | 431.69M | 429.28M |
| EBITDA | 6.89B | 6.55B | 6.05B | 5.90B | 5.46B | 4.77B | 4.47B | 4.02B | 3.71B | 3.38B |
| Gross Margin | — | — | — | — | — | — | 99.43% | 99.34% | 99.48% | 99.52% |
| Operating Margin | 45.52% | 44.60% | 31.22% | 28.39% | 33.47% | 35.91% | 35.47% | 25.60% | 29.99% | 32.03% |
| Net Margin | 24.69% | 22.52% | 13.65% | 17.59% | 27.44% | 21.02% | 24.90% | 16.62% | 18.59% | 16.53% |
This table shows 10 annual periods of American Tower (REIT)'s income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow AMT's reporting calendar. What is a income statement?