American Tower Corporation (AMT)
American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets after acquiring CoreSite. The company's customer base in the tower business is very concentrated, with most revenue in each market generated by the top three or four mobile carriers. The company operates more than 40,000 towers in the US, which accounted for about half of total revenue in 2025. Outside the US, American Tower operates about 47,000 towers in Latin America (dominated by Brazil), 33,000 towers in Europe, and 28,000 towers in Africa. American Tower operates as a REIT.
Company Info
Highlights
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Tower Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
American Tower Corporation (AMT) has returned -0.87% so far this year and -20.07% over the past 12 months. Looking at the last ten years, AMT has achieved an annualized return of 5.19%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
AMT
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of American Tower Corporation (AMT) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.29% | 7.20% | -9.18% | 0.61% | ||||||||
| 2025 | 0.47% | 11.25% | 6.15% | 2.42% | -4.54% | 3.58% | -5.66% | -3.57% | -5.07% | -6.92% | 1.98% | -1.64% |
| 2024 | -8.75% | 1.80% | -0.66% | -12.71% | 12.96% | -0.83% | 13.37% | 0.57% | 4.36% | -8.54% | -4.02% | -11.63% |
| 2023 | 4.39% | -10.76% | 3.98% | 0.59% | -9.27% | 5.29% | -1.60% | -4.94% | -9.89% | 8.90% | 16.98% | 3.59% |
| 2022 | -13.98% | -9.64% | 10.18% | -4.06% | 6.11% | -0.21% | 6.40% | -6.00% | -15.12% | -4.47% | 5.65% | -5.60% |
| 2021 | 0.57% | -5.69% | 9.38% | 6.13% | 0.59% | 5.26% | 5.27% | 3.06% | -9.37% | 5.60% | -7.20% | 10.80% |
| 2020 | 0.90% | -2.65% | -4.93% | 15.64% | 10.69% | 0.20% | 0.80% | -3.80% | -2.70% | -5.18% | -0.59% | -3.25% |
| 2019 | 10.01% | 1.73% | 11.84% | -1.13% | 7.09% | -2.11% | 3.23% | 9.56% | -4.11% | -1.19% | -2.34% | 7.32% |
| 2018 | 3.17% | -5.87% | 4.56% | -6.43% | 0.95% | 4.32% | 2.71% | 0.98% | -2.31% | 6.65% | 5.08% | -4.14% |
| 2017 | -3.03% | 10.80% | 5.89% | 3.71% | 3.66% | 0.28% | 2.80% | 8.68% | -7.85% | 4.85% | -0.22% | -1.07% |
| 2016 | 2.89% | 0.74% | 7.73% | 1.61% | -2.15% | -0.33% | 3.80% | -12.73% | 4.26% |
Performance Indicators
The charts below present risk-adjusted performance metrics for American Tower Corporation (AMT) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of AMT compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current American Tower Corporation volatility is 1.57%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 61.08B | 66.03B | 67.19B | 69.89B | 47.23B | 42.80B | 33.01B | 33.21B | 30.88B | 26.90B | 21.33B | 20.27B | 14.09B | 12.23B | 8.51B |
| Temporary Equity (USD) | - | - | - | - | 212.10M | 1.10B | 1.00B | 1.13B | 1.09B | - | - | - | - | - | - |
| Equity Attributable To Parent (USD) | 3.38B | 4.20B | 5.57B | 5.08B | 4.09B | 5.06B | 5.34B | 6.24B | 6.76B | 6.65B | 3.95B | 3.53B | 3.57B | 3.29B | 3.32B |
| Equity Attributable To Noncontrolling Interest (USD) | 6.27B | 6.67B | 6.84B | 3.99B | 474.90M | 435.00M | 563.50M | 586.60M | 212.31M | 61.14M | 99.79M | 55.88M | 111.08M | 122.92M | 3.04M |
| Equity (USD) | 9.65B | 10.87B | 12.41B | 9.07B | 4.57B | 5.49B | 5.90B | 6.83B | 6.98B | 6.71B | 4.05B | 3.59B | 3.68B | 3.41B | 3.32B |
| Redeemable Noncontrolling Interest (USD) | - | - | - | - | 212.10M | 1.10B | 1.00B | 1.13B | 1.09B | - | - | - | - | - | - |
| Other Non-current Liabilities (USD) | - | - | 7.57B | 8.25B | - | - | 256.20M | 2.54B | 2.65B | 1.87B | 739.79M | 1.28B | 1.02B | 806.39M | - |
| Long-term Debt (USD) | - | - | 38.90B | 43.50B | - | - | 21.16B | 20.21B | 18.53B | 17.12B | 14.61B | 14.48B | 8.75B | 7.24B | - |
| Noncurrent Liabilities (USD) | 44.35B | 47.91B | 46.47B | 51.75B | 38.80B | 30.73B | 21.42B | 22.75B | 21.18B | 18.99B | 15.35B | 15.76B | 9.77B | 8.04B | 4.80B |
| Other Current Liabilities (USD) | 6.71B | 6.84B | 7.95B | 8.67B | 3.41B | 5.24B | 4.47B | 2.29B | 1.44B | 1.04B | 1.78B | 702.87M | 542.60M | 564.85M | - |
| Wages (USD) | 129.60M | 147.40M | 140.40M | 124.70M | 104.40M | 102.40M | 90.40M | 82.20M | 76.14M | 62.33M | 57.11M | 50.84M | - | - | - |
| Accounts Payable (USD) | 240.80M | 258.70M | 218.60M | 272.40M | 139.10M | 148.10M | 130.80M | 142.90M | 118.67M | 96.71M | 90.37M | 171.05M | 89.58M | 214.74M | - |
| Current Liabilities (USD) | 7.08B | 7.25B | 8.31B | 9.07B | 3.66B | 5.49B | 4.69B | 2.51B | 1.63B | 1.20B | 1.93B | 924.76M | 632.18M | 779.59M | 391.24M |
| Liabilities (USD) | 51.43B | 55.16B | 54.79B | 60.82B | 42.45B | 36.21B | 26.11B | 25.26B | 22.81B | 20.19B | 17.28B | 16.68B | 10.40B | 8.82B | 5.19B |
| Other Non-current Assets (USD) | 43.42B | 45.80B | 45.59B | 45.43B | 30.49B | 27.93B | 8.20B | 8.29B | 7.40B | 6.20B | 5.87B | 5.36B | 4.18B | 3.92B | 3.09B |
| Non-current Prepaid Expenses (USD) | - | - | - | - | - | - | - | - | - | - | - | - | 176.09M | 229.61M | - |
| Intangible Assets (USD) | 14.47B | 16.52B | 17.98B | 20.73B | 13.84B | 12.32B | 11.17B | 11.78B | 11.27B | 9.84B | 6.89B | 6.70B | 3.12B | 2.35B | 1.60B |
| Fixed Assets (USD) | - | - | - | - | - | - | 11.25B | 11.10B | 10.52B | 9.87B | 7.63B | 7.26B | 5.79B | 4.88B | 3.18B |
| Noncurrent Assets (USD) | 57.90B | 62.32B | 63.57B | 66.16B | 44.33B | 40.25B | 30.63B | 31.18B | 29.19B | 25.91B | 20.38B | 19.32B | 13.26B | 11.39B | 7.86B |
| Other Current Assets (USD) | 3.10B | 3.62B | 3.52B | 3.63B | 2.84B | 2.50B | 2.34B | 2.00B | 1.65B | 963.58M | 924.12M | 918.41M | 810.49M | 729.76M | - |
| Prepaid Expenses (USD) | 82.60M | 93.40M | 100.70M | 94.50M | 66.10M | 56.80M | 40.50M | 39.60M | 36.30M | 32.89M | 23.85M | 34.24M | 19.04M | 113.01M | - |
| Current Assets (USD) | 3.18B | 3.71B | 3.62B | 3.73B | 2.91B | 2.55B | 2.39B | 2.04B | 1.69B | 996.47M | 947.97M | 952.66M | 829.53M | 842.77M | 651.36M |
| Assets (USD) | 61.08B | 66.03B | 67.19B | 69.89B | 47.23B | 42.80B | 33.01B | 33.21B | 30.88B | 26.90B | 21.33B | 20.27B | 14.09B | 12.23B | 8.51B |