AMT vs DLR vs TLK Stock Comparison

American Tower, Digital Realty Trust and Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Prices as of Oct 29, 2026 Peers: Industry group
1 more company in this comparison (SBAC) Create a free account to keep reading and compare up to 10 companies.
AMT American Tower Corp /Ma/
$185.84 +11.0% 1M +3.8% 1Y
Market cap
$86.26B
P/E
26.1x
Revenue (TTM)
$11.01B
Div. yield
3.80%
Tower REITs Real Estate
2 wins

Head to Head

8 decided of 12

Digital Realty Trust leads on 4 of the 12 questions below (Digital Realty Trust 4, American Tower 2, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMTDLRTLKLeader
Larger companyMarket capitalisation $86.26B $67.80B $11.10B AMT
Cheaper on earningsLower P/E, profitable companies only 26.1x 82.5x — AMT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 63.8x 10.3x TLK
Faster revenue growthRevenue growth, trailing twelve months +5.3% +20.0% — DLR
More profitableNet margin, trailing twelve months 30.1% — — –
Better return on capitalReturn on invested capital 9.1% — — –
Less leveragedLower net debt / EBITDA 5.1x — — –
Higher dividend yieldTrailing dividend yield 3.80% 2.66% 10.97% TLK
Better 1-year returnPrice return, last 12 months +3.8% +9.6% -43.9% DLR
Better 5-year returnAnnualised price return, 5 years -8.0%/yr +3.0%/yr -15.7%/yr DLR
Less volatileAnnualised volatility, 1 year 28.3% 27.3% 38.4% DLR
Higher overall scoreMean of the five percentile scores vs peers 47/100 — — –

Percentile Scorecard

AMTDLRTLK

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

AxisAMTDLRTLK
Valuation 30 #8 of 11 10 #10 of 11 –
Growth 78 #3 of 10 67 #4 of 10 –
Profitability 38 #6 of 9 – –
Financial Health 44 #6 of 10 – 69 #16 of 49
Shareholder Returns – – 94 #3 of 37
Overall 47 – –
  • AMT ranked among 11 companies in Infrastructure REITs
  • DLR ranked among 11 companies in Infrastructure REITs
  • TLK ranked among 51 companies in Telecommunications

Price Performance

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

Returns

PeriodAMTDLRTLKSPY
1 month +11.0%+3.8%-15.1% +0.7%
3 months +6.5%-5.2%-23.0% +3.7%
6 months +1.7%-8.8%-33.7% +7.1%
Year to date +5.8%+18.4%-46.7% +12.8%
1 year +3.8%+9.6%-43.9% +11.9%
3 years +7.6%+50.1%-48.4% +85.2%
3 years, per year +2.5%+14.5%-19.8% +22.8%
5 years -34.1%+16.1%-57.4% +67.6%
5 years, per year -8.0%+3.0%-15.7% +10.9%
10 years +60.0%+97.9%-65.0% +262.0%
10 years, per year +4.8%+7.1%-10.0% +13.7%

Risk

MeasureAMTDLRTLKSPY
Volatility, 1Y 28.3%27.3%38.4% 12.7%
Downside volatility, 1Y 28.4%26.4%44.3% 12.6%
Beta vs S&P 500, 1Y -0.060.820.60 1.00
Return / volatility, 1Y 0.130.35-1.14 0.94
Max drawdown, 5Y -46.1%-51.1%-68.3% -25.4%
From 52-week high -4.3%-10.1%-52.2% -1.2%
52-week high $194.12$203.91$23.43 $779.14
52-week low $161.11$147.93$10.44 $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.

MultipleAMTDLRTLK
P/E now vs peer median 26.1xmedian 24.7x 82.5xmedian 24.7x —median 11.5x
P/S now vs peer median 7.8xmedian 6.4x 9.6xmedian 6.4x —median 1.1x
EV/EBITDA now vs peer median 17.4xmedian 15.4x —median 15.4x —median 6.8x
P/FCF now vs peer median 21.8xmedian 18.7x -128.9xmedian 18.7x —median 5.9x
P/B now vs peer median 8.8xmedian 5.2x —median 5.2x 0.0xmedian 1.3x
PEG now vs peer median 0.39median 0.68 —median 0.68 —median 0.25

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 monthsAMTDLRTLK
Revenue $11.01B $7.10B –
Gross profit $10.87B – –
Operating income $4.94B – –
Net income $3.38B $922.13M –
Free cash flow $3.96B – –
EPS (diluted) $7.11 – –
Cash & equivalents $1.87B $802.90M $54.58T
Total debt $37.58B – $135.75T
Shares (diluted) 465.76M 361.54M –
Enterprise value $85.79B $69.40B -$112.70T

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
MetricAMTDLRTLK
P/E 26.1x 82.5x –
P/FCF 21.8x -128.9x –
P/Operating cash flow 15.1x – –
P/S 7.8x 9.6x –
P/B 8.8x – 0.0x
P/Tangible book -21.9x – 0.0x
EV/EBITDA 17.4x – –
EV/EBIT 24.7x – –
EV/Revenue 11.1x 9.6x –
EV/FCF 30.8x – –
EV/Operating cash flow 21.4x – –
PEG (3Y EPS CAGR) 0.39 – –

Growth

14 metrics
MetricAMTDLRTLK
Revenue growth (1Y) 5.3% 20.0% –
Revenue CAGR (3Y) 6.2% 9.9% –
Gross profit growth (1Y) 5.7% – –
Gross profit CAGR (3Y) 6.0% – –
Operating income growth (1Y) 3.6% – –
Operating income CAGR (3Y) 16.9% – –
Net income growth (1Y) 12.0% -34.3% –
Net income CAGR (3Y) 74.5% -0.3% –
EPS growth (1Y) 13.6% – –
EPS CAGR (3Y) 66.9% – –
Operating cash flow growth (1Y) 9.0% – –
Operating cash flow CAGR (3Y) 6.2% – –
Free cash flow growth (1Y) 7.3% – –
Free cash flow CAGR (3Y) 11.8% – –

Profitability

14 metrics
MetricAMTDLRTLK
Gross margin 98.7% – –
EBITDA margin 63.6% – –
Operating margin 44.8% – –
Pretax margin 35.3% – –
Net margin 30.1% – –
FCF margin 36.0% – –
Operating cash flow margin 51.8% – –
Return on equity 33.8% – –
Return on assets 5.4% 1.7% –
Return on invested capital 9.1% – –
Return on capital employed 9.1% – –
Asset turnover 0.2x 0.1x –
Cash conversion (OCF / net income) 1.7x – –
Stock comp / revenue 1.4% – –

Financial Health

11 metrics
MetricAMTDLRTLK
Debt / assets 59.7% – 18.8%
Debt / equity 3.8x – 0.4x
Net debt / EBITDA 5.1x – –
Debt / FCF 9.5x – –
Liabilities / assets 84.5% 46.5% 55.5%
Equity / assets 15.5% – 44.5%
Interest coverage 3.5x – –
Current ratio 0.4x – 0.8x
Quick ratio 0.3x – 0.6x
Cash ratio 0.2x – 0.6x
Altman Z-score 1.18 – –

Shareholder Returns

7 metrics
MetricAMTDLRTLK
Dividend yield 3.8% 2.7% 11.0%
Net buyback yield 1.0% – –
Shareholder yield 4.8% 2.7% 11.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
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.

ConsensusAMTDLRTLK
Forward P/E 27.5xFY2026 63.8xFY2026 10.3xFY2026
EPS, next fiscal year $6.75FY2026 $2.87FY2026 $1.09FY2026
EPS growth, next FY +25.0%FY2026 -19.8%FY2026 +9.0%FY2026
EPS growth, the year after -0.3% -12.2% +9.2%
Revenue, next fiscal year $11.51BFY2026 $7.40BFY2026 $8.21BFY2026
Revenue growth, next FY +8.2%FY2026 +21.1%FY2026 +0.3%FY2026
Revenue growth, the year after +4.0% +0.6% +11.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMTDLRTLK
Held by institutions 94.4% 100.0% 6.3%
Institutions holding 1,744 1,326 209
Change in shares held, QoQ +2.5% +18.3% +7.8%
Institutions buying 861 745 101
Institutions selling 657 384 76
Buyers to sellers 1.31 1.94 1.33

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.

AMTDLRTLK
AMT 1.00 0.22 0.21
DLR 0.22 1.00 0.05
TLK 0.21 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMT, DLR and TLK?

American Tower (AMT) is the largest by market capitalisation: American Tower (AMT) $86.26B, Digital Realty Trust (DLR) $67.80B, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) $11.10B.

Which stock is cheaper, AMT, DLR and TLK?

American Tower (AMT) trades on the lowest price-to-earnings ratio (American Tower (AMT) 26.1x, Digital Realty Trust (DLR) 82.5x). On next year's consensus earnings, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) is cheapest (American Tower (AMT) 27.5x, Digital Realty Trust (DLR) 63.8x, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 10.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Digital Realty Trust (DLR) grew revenue fastest over the trailing twelve months: American Tower (AMT) +5.3%, Digital Realty Trust (DLR) +20.0%.

Which stock has performed better?

Over the past year Digital Realty Trust (DLR) returned the most: American Tower (AMT) +3.8%, Digital Realty Trust (DLR) +9.6%, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) -43.9%. Over five years, Digital Realty Trust (DLR) compounded fastest (American Tower (AMT) -8.0%/yr, Digital Realty Trust (DLR) +3.0%/yr, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) -15.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) has the highest dividend yield: American Tower (AMT) 3.80%, Digital Realty Trust (DLR) 2.66%, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 10.97%.

Which stock is riskier?

By one-year price volatility, Digital Realty Trust (DLR) has been the steadiest (American Tower (AMT) 28.3%, Digital Realty Trust (DLR) 27.3%, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) 38.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMT, DLR and TLK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Digital Realty Trust (DLR) leads on 4. 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.