American Tower (REIT) Financial Ratios
NYSE: AMTReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Tower (REIT) ratio analysis
American Tower (REIT) earned a net margin of 24.7% in FY 2025, up from 22.5% a year earlier. Return on equity reached 72.0%, meaning American Tower (REIT) generated 0.72 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks. Debt-to-equity stood at 10.19 versus 10.79 the year before, and the current ratio was 0.40.
At the end of FY 2025, AMT traded at 32.4 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 32.4 to 67.9, with a median of 53.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
American Tower (REIT) financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 32.37 | 37.88 | 67.89 | 55.46 | 51.68 | 59.22 | 53.92 | 57.15 | 53.43 | 53.37 |
| Price / sales | 7.68 | 8.42 | 10.05 | 10.14 | 14.11 | 12.38 | 13.34 | 9.35 | 9.17 | 7.77 |
| Price / book | 22.39 | 25.21 | 23.97 | 17.55 | 25.99 | 24.33 | 20.00 | 13.04 | 9.79 | 6.64 |
| Gross margin | — | — | — | — | — | — | 99.4% | 99.3% | 99.5% | 99.5% |
| Operating margin | 45.5% | 44.6% | 31.2% | 28.4% | 33.5% | 35.9% | 35.5% | 25.6% | 30.0% | 32.0% |
| Net margin | 24.7% | 22.5% | 13.7% | 17.6% | 27.4% | 21.0% | 24.9% | 16.6% | 18.6% | 16.5% |
| Free cash flow margin | 35.5% | 36.5% | 29.2% | 18.9% | 36.8% | 35.4% | 36.4% | 38.1% | 31.8% | 34.9% |
| Return on equity (ROE) | 72.0% | 67.4% | 32.6% | 30.4% | 50.5% | 41.3% | 37.3% | 23.2% | 19.8% | 14.1% |
| Return on assets (ROA) | 4.2% | 3.7% | 2.1% | 2.5% | 3.7% | 3.6% | 4.4% | 3.7% | 3.7% | 3.1% |
| Debt / equity | 10.19 | 10.79 | 9.24 | 6.94 | 8.51 | 7.15 | 4.76 | 3.97 | 3.24 | 2.74 |
| Current ratio | 0.40 | 0.45 | 0.51 | 0.44 | 0.41 | 0.79 | 0.47 | 0.51 | 0.81 | 1.04 |
| Revenue growth | 5.1% | 1.1% | 3.8% | 3.1% | 16.4% | 6.1% | 1.9% | 11.6% | 15.2% | 21.3% |
| EPS growth | 12.0% | 51.6% | -16.8% | -32.5% | 49.3% | -10.6% | 53.1% | 3.7% | 34.8% | 40.4% |