AD vs AMT vs CBRE Stock Comparison

Array Digital Infrastructure, American Tower and Cbre Prices as of Oct 27, 2026 Peers: Industry group
AMT American Tower Corp /Ma/
$183.78 +8.7% 1M -3.1% 1Y
Market cap
$85.31B
P/E
25.8x
Revenue (TTM)
$11.01B
Div. yield
3.85%
Tower REITs Real Estate
4 wins
CBRE Cbre Group, Inc.
$121.67 -9.7% 1M -24.5% 1Y
Market cap
$35.09B
P/E
25.5x
Revenue (TTM)
$45.01B
Div. yield
–
Commercial Real Estate Services Real Estate
1 win

Head to Head

12 decided of 12

Array Digital Infrastructure leads on 7 of the 12 questions below (Array Digital Infrastructure 7, American Tower 4, Cbre 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADAMTCBRELeader
Larger companyMarket capitalisation $2.80B $85.31B $35.09B AMT
Cheaper on earningsLower P/E, profitable companies only 5.2x 25.8x 25.5x AD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.1x 27.2x 16.2x AD
Faster revenue growthRevenue growth, trailing twelve months +98.9% +5.3% +14.8% AD
More profitableNet margin, trailing twelve months 250.8% 30.1% 3.1% AD
Better return on capitalReturn on invested capital 19.3% 9.1% 9.1% AD
Less leveragedLower net debt / EBITDA 0.5x 5.1x 2.3x AD
Higher dividend yieldTrailing dividend yield 65.61% 3.85% — AD
Better 1-year returnPrice return, last 12 months -35.8% -3.1% -24.5% AMT
Better 5-year returnAnnualised price return, 5 years +1.0%/yr -8.5%/yr +3.0%/yr CBRE
Less volatileAnnualised volatility, 1 year 45.8% 28.6% 34.5% AMT
Higher overall scoreMean of the five percentile scores vs peers 58/100 62/100 58/100 AMT

Percentile Scorecard

ADAMTCBRE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADAMTCBRE
Valuation 20 #9 of 11 40 #7 of 11 41 #11 of 18
Growth 67 #4 of 10 89 #2 of 10 67 #6 of 16
Profitability 44 #6 of 10 78 #3 of 10 80 #4 of 16
Financial Health 100 #1 of 11 40 #7 of 11 44 #10 of 17
Shareholder Returns – – –
Overall 58 62 58
  • AD ranked among 11 companies in Infrastructure REITs
  • AMT ranked among 11 companies in Infrastructure REITs
  • CBRE ranked among 19 companies in Real Estate Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADAMTCBRESPY
1 month -6.1%+8.7%-9.7% -0.2%
3 months -7.5%+7.0%-17.3% +3.9%
6 months -32.7%+3.0%-17.2% +8.2%
Year to date -39.6%+4.7%-24.3% +12.9%
1 year -35.8%-3.1%-24.5% +12.3%
3 years -21.7%+6.9%+83.9% +87.4%
3 years, per year -7.9%+2.2%+22.5% +23.3%
5 years +5.3%-35.7%+15.9% +67.9%
5 years, per year +1.0%-8.5%+3.0% +10.9%
10 years -10.0%+59.3%+357.6% +261.1%
10 years, per year -1.0%+4.8%+16.4% +13.7%

Risk

MeasureADAMTCBRESPY
Volatility, 1Y 45.8%28.6%34.5% 12.7%
Downside volatility, 1Y 57.7%28.8%35.9% 12.7%
Beta vs S&P 500, 1Y 0.20-0.070.93 1.00
Return / volatility, 1Y -0.78-0.11-0.71 0.97
Max drawdown, 5Y -57.9%-46.1%-40.4% -25.4%
From 52-week high -46.3%-5.3%-29.1% -1.2%
52-week high $60.28$194.12$171.61 $779.14
52-week low $32.39$161.11$121.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADAMTCBRE
P/E now vs peer median 5.2xmedian 24.2x 25.8xmedian 24.2x 25.5xmedian 21.2x
P/S now vs peer median 13.1xmedian 6.3x 7.7xmedian 6.3x 0.8xmedian 0.7x
EV/EBITDA now vs peer median 5.4xmedian 15.7x 17.3xmedian 15.7x 13.6xmedian 9.8x
P/FCF now vs peer median -8.3xmedian 18.2x 21.5xmedian 18.2x 98.6xmedian 12.3x
P/B now vs peer median 2.2xmedian 2.4x 8.7xmedian 2.4x 3.9xmedian 1.8x
PEG now vs peer median 0.03median 0.72 0.39median 0.72 0.71median 0.52

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADAMTCBRE
Revenue $213.53M $11.01B $45.01B
Gross profit $124.63M $10.87B $8.33B
Operating income $515.33M $4.94B $2.06B
Net income $539.97M $3.38B $1.52B
Free cash flow -$338.11M $3.96B $356.00M
EPS (diluted) $6.19 $7.11 $4.74
Cash & equivalents $416.44M $1.87B $1.68B
Total debt $674.88M $37.58B $8.85B
Shares (diluted) 86.51M 465.76M 291.61M
Enterprise value $1.70B $84.84B $28.85B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADAMTCBRE
P/E 5.2x 25.8x 25.5x
P/FCF -8.3x 21.5x 98.6x
P/Operating cash flow -9.3x 14.9x 25.0x
P/S 13.1x 7.7x 0.8x
P/B 2.2x 8.7x 3.9x
P/Tangible book -8.7x -21.6x 5.6x
EV/EBITDA 5.4x 17.3x 13.6x
EV/EBIT 5.9x 24.5x 20.5x
EV/Revenue 14.3x 11.0x 0.9x
EV/FCF -9.0x 30.6x 118.7x
EV/Operating cash flow -10.1x 21.2x 30.1x
PEG (3Y EPS CAGR) 0.03 0.39 0.71

Growth

14 metrics
MetricADAMTCBRE
Revenue growth (1Y) 98.9% 5.3% 14.8%
Revenue CAGR (3Y) -62.6% 6.2% 13.0%
Gross profit growth (1Y) 275.2% 5.7% 12.3%
Gross profit CAGR (3Y) -61.4% 6.0% 10.9%
Operating income growth (1Y) 317.3% 3.6% 19.4%
Operating income CAGR (3Y) 205.9% 16.9% 34.0%
Net income growth (1Y) 2,476% 12.0% 14.4%
Net income CAGR (3Y) 207.2% 74.5% 34.9%
EPS growth (1Y) 2,291% 13.6% 15.8%
EPS CAGR (3Y) 197.0% 66.9% 35.9%
Operating cash flow growth (1Y) -135.6% 9.0% -16.4%
Operating cash flow CAGR (3Y) -35.2% 6.2% 47.1%
Free cash flow growth (1Y) -131.0% 7.3% -62.4%
Free cash flow CAGR (3Y) -152.5% 11.8% 132.9%

Profitability

14 metrics
MetricADAMTCBRE
Gross margin 58.4% 98.7% 18.5%
EBITDA margin 265.4% 63.6% 6.9%
Operating margin 241.3% 44.8% 4.6%
Pretax margin 373.7% 35.3% 4.3%
Net margin 250.8% 30.1% 3.1%
FCF margin -158.3% 36.0% 0.8%
Operating cash flow margin -141.8% 51.8% 3.1%
Return on equity 35.6% 33.8% 17.1%
Return on assets 15.2% 5.4% 4.9%
Return on invested capital 19.3% 9.1% 9.1%
Return on capital employed 16.1% 9.1% 10.7%
Asset turnover 0.1x 0.2x 1.5x
Cash conversion (OCF / net income) -0.6x 1.7x 0.9x
Stock comp / revenue 0.3% 1.4% 0.4%

Financial Health

11 metrics
MetricADAMTCBRE
Debt / assets 20.0% 59.7% 28.2%
Debt / equity 0.5x 3.8x 1.0x
Net debt / EBITDA 0.5x 5.1x 2.3x
Debt / FCF -2.0x 9.5x 24.9x
Liabilities / assets 62.3% 84.5% 71.2%
Equity / assets 37.7% 15.5% 28.8%
Interest coverage 13.3x 3.5x –
Current ratio 1.0x 0.4x 1.2x
Quick ratio 0.9x 0.3x 1.0x
Cash ratio 0.9x 0.2x 0.1x
Altman Z-score 1.14 1.17 3.11

Shareholder Returns

7 metrics
MetricADAMTCBRE
Dividend yield 65.6% 3.8% –
Net buyback yield – 1.0% 4.1%
Shareholder yield 65.6% 4.8% 4.1%
Payout ratio (earnings) 27.8% – –
Payout ratio (FCF) -44.4% – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADAMTCBRE
Forward P/E 5.1xFY2026 27.2xFY2026 16.2xFY2026
EPS, next fiscal year $6.38FY2026 $6.75FY2026 $7.50FY2026
EPS growth, next FY +1,039.3%FY2026 +25.0%FY2026 +17.6%FY2026
EPS growth, the year after -81.8% -0.3% +12.0%
Revenue, next fiscal year $220.29MFY2026 $11.51BFY2026 $45.64BFY2026
Revenue growth, next FY +35.2%FY2026 +8.2%FY2026 +12.6%FY2026
Revenue growth, the year after -1.4% +4.0% +16.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADAMTCBRE
Held by institutions 20.6% 94.4% 96.9%
Institutions holding 140 1,743 1,067
Change in shares held, QoQ -7.9% +2.5% +0.6%
Institutions buying 69 860 518
Institutions selling 46 657 405
Buyers to sellers 1.50 1.31 1.28

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADAMTCBRE
AD 1.00 0.17 0.10
AMT 0.17 1.00 0.14
CBRE 0.10 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AD, AMT and CBRE?

American Tower (AMT) is the largest by market capitalisation: Array Digital Infrastructure (AD) $2.80B, American Tower (AMT) $85.31B, Cbre (CBRE) $35.09B.

Which stock is cheaper, AD, AMT and CBRE?

Array Digital Infrastructure (AD) trades on the lowest price-to-earnings ratio (Array Digital Infrastructure (AD) 5.2x, American Tower (AMT) 25.8x, Cbre (CBRE) 25.5x). On next year's consensus earnings, Array Digital Infrastructure (AD) is cheapest (Array Digital Infrastructure (AD) 5.1x, American Tower (AMT) 27.2x, Cbre (CBRE) 16.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Array Digital Infrastructure (AD) grew revenue fastest over the trailing twelve months: Array Digital Infrastructure (AD) +98.9%, American Tower (AMT) +5.3%, Cbre (CBRE) +14.8%.

Which company is more profitable?

Array Digital Infrastructure (AD) has the highest net margin (Array Digital Infrastructure (AD) 250.8%, American Tower (AMT) 30.1%, Cbre (CBRE) 3.1%). On return on invested capital, Array Digital Infrastructure (AD) leads (Array Digital Infrastructure (AD) 19.3%, American Tower (AMT) 9.1%, Cbre (CBRE) 9.1%).

Which stock has performed better?

Over the past year American Tower (AMT) returned the most: Array Digital Infrastructure (AD) -35.8%, American Tower (AMT) -3.1%, Cbre (CBRE) -24.5%. Over five years, Cbre (CBRE) compounded fastest (Array Digital Infrastructure (AD) +1.0%/yr, American Tower (AMT) -8.5%/yr, Cbre (CBRE) +3.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Array Digital Infrastructure (AD) has the highest dividend yield: Array Digital Infrastructure (AD) 65.61%, American Tower (AMT) 3.85%. Cbre (CBRE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, American Tower (AMT) has been the steadiest (Array Digital Infrastructure (AD) 45.8%, American Tower (AMT) 28.6%, Cbre (CBRE) 34.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AD, AMT and CBRE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Array Digital Infrastructure (AD) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.