American Tower (AMT) Capital Expenditures (2009 - 2026)
American Tower (AMT) reported Capital Expenditures of $320.9 million for Q2 2026, up 5.4% from $304.6 million a year earlier but down 28.6% from the prior quarter.
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Analysis
American Tower (AMT) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Tower's Capital Expenditures came in at $1.82 billion, up 20.7% year-over-year; for FY2025, it came in at $1.68 billion, up 5.7% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $1.59 billion in FY2024 (-11.6%), $1.8 billion in FY2023 (-4.0%), $1.87 billion in FY2022 (+36.1%) and $1.38 billion in FY2021 (+33.4%).
- Five-year quarterly Capital Expenditures spans a low of $304.6 million in Q2 2025 and a high of $658.2 million in Q4 2022.
- Year over year, Capital Expenditures has now increased in each of the last four quarters, with growth averaging 6.5% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q3 2022 (growth of 46.2%); the low point was Q2 2024 (a decline of 22.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $449.5 million (Q1 2026), $579.2 million (Q4 2025) and $465.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 320.90 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 914.19 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 59.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 62.42 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 42.72 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 17.20 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 5.81 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | -29.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 184.97 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 19.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 320.90 Mn |
| Mar 31, 2026 | 449.50 Mn |
| Dec 31, 2025 | 579.20 Mn |
| Sep 30, 2025 | 465.50 Mn |
| Jun 30, 2025 | 304.60 Mn |
| Mar 31, 2025 | 331.10 Mn |
| Dec 31, 2024 | 443.40 Mn |
| Sep 30, 2024 | 424.70 Mn |
| Jun 30, 2024 | 325.20 Mn |
| Mar 31, 2024 | 396.70 Mn |
| Dec 31, 2023 | 524.60 Mn |
| Sep 30, 2023 | 390.70 Mn |
| Jun 30, 2023 | 420.90 Mn |
| Mar 31, 2023 | 461.90 Mn |
| Dec 31, 2022 | 658.20 Mn |
| Sep 30, 2022 | 459.20 Mn |
| Jun 30, 2022 | 370.10 Mn |
| Mar 31, 2022 | 386.10 Mn |
| Dec 31, 2021 | 460.00 Mn |
| Sep 30, 2021 | 314.00 Mn |
API Access
American Tower Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();