American Tower Corporation
AMT · Price history
Price at last available close
$183.83
+$15.83 (+9.42%) 1M
2026-10-27
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Company & revenue
About American Tower Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 10, 2026. A research update is not a new financial filing.
Who they are
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries.
How they make money
American Tower operates as a real estate investment trust (REIT) that owns, develops, and operates multitenant communications real estate. The company generates revenue primarily by leasing space on its wireless communication towers and data centers to wireless carriers, radio and television broadcast companies, and other communication service providers under long-term lease agreements.
Products & services
The company provides wireless infrastructure including towers, distributed antenna systems (DAS), and data center facilities, alongside tower-related services such as site acquisition, zoning, and permitting.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
As of December 31, 2025, the company's three largest customers (T-Mobile, AT&T, and Verizon) collectively accounted for a significant portion of consolidated property revenue.
Suppliers, materials & equipment
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
30
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
53
Fair
Financial Strength
48
Business Quality / Moat
58
Management
58
Growth Quality
34
Risk / Durability
74
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
44/100
Building Historical Record
Model Score 44/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for AMT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AMT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is AMT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is AMT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify AMT's current valuation?
Essential Investment Snapshot
Wall Street Score
30
Opportunity Score
37
Market Cap
$85.66B
P/E Ratio
22.5
EPS
$7.28
52-Week High
$196.08
52-Week Low
$160.06
Beta
0.90
Intrinsic Value
$110.54
Analyst Target
$208.00
Shares Outstanding
469.1M
Total Revenue
$10.94B
Total Debt
$44.98B
Dividend Yield (TTM)
3.85%
Liquidation Value / Share
$21.85
Dividend / Share (TTM)
$7.07
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AMT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on AMT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Large-scale, geographically diverse portfolio of communications real estate.
- +Long-term, non-cancellable lease agreements with high-credit-quality tenants.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the REIT - Specialty industry.
- −Concentration of revenue among a limited number of major wireless carrier customers.
- −Exposure to foreign currency exchange rate fluctuations in international markets.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
29
Sep 8, 2026
Change
+0.4
points
Current Score
30
Oct 1, 2026
Category Changes
AMT increased 0.4 points because Capital improved by 2 points.
Positive Contributors
- + Capital improved by 2 points
Projected Score
Projected Score
37
Projected Change
+7.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 7.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$183.83
Model Intrinsic Value
$110.54
Difference
+$73.29
+66.3% vs IV
Margin of Safety
-66.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.94B | $10.65B | $10.13B | $10.01B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.93B | $2.80B | $2.57B | $2.56B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $8.01B | $7.84B | $7.55B | $7.45B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $943.3M | $944.2M | $933.4M | $946.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $3.15B | $2.96B | $3.04B | $4.33B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $7.03B | $6.12B | $7.15B | $6.00B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $4.86B | $4.88B | $4.52B | $3.13B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.05B | $1.02B | $1.40B | $1.39B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $3.89B | $3.04B | $3.62B | $1.53B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $415.4M | $415.7M | $366.3M | $90.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $3.38B | $2.53B | $2.25B | $1.48B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $7.28 | $5.40 | $4.83 | $3.18 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 466M | 469M | 467M | 466M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 467M | 469M | 468M | 467M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.75B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.86
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-0.5%
Cash Change
-15.1%
Margin Change
+17.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.7%. EPS increased 138.5%. Cash declined 15.1%. Total debt declined 0.5%. Net income margin improved by 17.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
46
Smart Money
46
Number of Gurus
6
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · AMT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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