American Tower (AMT) Capital Expenditures (2009 - 2026)
American Tower recorded quarterly Capital Expenditures of $449.5 million in Q1 2026, down 22.39% quarter-over-quarter from $579.2 million in Q4 2025, and up 35.76% year-over-year from $331.1 million in Q1 2025.
American Tower's Capital Expenditures history runs 18 years deep, the most recent figure standing at $449.5 million for Q1 2026.
- In Q1 2026, Capital Expenditures rose 35.76% year-over-year to $449.5 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 18.0% YoY), while the FY2025 annual figure was $1.7 billion, up 5.69% from the prior year.
- Capital Expenditures came in at $449.5 million for Q1 2026 at American Tower, down from $579.2 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $658.2 million in Q4 2022 to a low of $304.6 million in Q2 2025.
- A 5-year average of $434.8 million and a median of $424.7 million in 2024 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures soared 46.24% in 2022 and dropped 22.74% in 2024, its largest moves.
- American Tower's Capital Expenditures stood at $658.2 million in 2022, then retreated by 20.3% to $524.6 million in 2023, then retreated by 15.48% to $443.4 million in 2024, then surged by 30.63% to $579.2 million in 2025, then fell by 22.39% to $449.5 million in 2026.
- According to Business Quant data, Capital Expenditures over the past three periods registered $449.5 million, $579.2 million, and $465.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 123.00 Mn |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 449.50 Mn |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | 870.04 Mn |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 57.00 Mn |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 301.90 Mn |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 48.40 Mn |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 23.00 Mn |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 62.86 Mn |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 111.48 Mn |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 3.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 449.50 Mn |
| Mar 31, 2026 | 449.50 Mn |
| Dec 31, 2025 | 579.20 Mn |
| Dec 31, 2025 | 579.20 Mn |
| Sep 30, 2025 | 465.50 Mn |
| Sep 30, 2025 | 465.50 Mn |
| Jun 30, 2025 | 304.60 Mn |
| Jun 30, 2025 | 304.60 Mn |
| Mar 31, 2025 | 331.10 Mn |
| Mar 31, 2025 | 331.10 Mn |
| Dec 31, 2024 | 443.40 Mn |
| Dec 31, 2024 | 443.40 Mn |
| Sep 30, 2024 | 424.70 Mn |
| Sep 30, 2024 | 424.70 Mn |
| Jun 30, 2024 | 325.20 Mn |
| Jun 30, 2024 | 325.20 Mn |
| Mar 31, 2024 | 396.70 Mn |
| Mar 31, 2024 | 396.70 Mn |
| Dec 31, 2023 | 524.60 Mn |
| Dec 31, 2023 | 524.60 Mn |
| Sep 30, 2023 | 390.70 Mn |
| Sep 30, 2023 | 390.70 Mn |
| Jun 30, 2023 | 420.90 Mn |
| Jun 30, 2023 | 420.90 Mn |
| Mar 31, 2023 | 461.90 Mn |
| Mar 31, 2023 | 461.90 Mn |
| Dec 31, 2022 | 658.20 Mn |
| Dec 31, 2022 | 658.20 Mn |
| Sep 30, 2022 | 459.20 Mn |
| Sep 30, 2022 | 459.20 Mn |
| Jun 30, 2022 | 370.10 Mn |
| Jun 30, 2022 | 370.10 Mn |
| Mar 31, 2022 | 386.10 Mn |
| Mar 31, 2022 | 386.10 Mn |
| Dec 31, 2021 | 460.00 Mn |
| Dec 31, 2021 | 460.00 Mn |
| Sep 30, 2021 | 314.00 Mn |
| Sep 30, 2021 | 314.00 Mn |
| Jun 30, 2021 | 277.90 Mn |
| Jun 30, 2021 | 277.90 Mn |
| Mar 31, 2021 | 324.80 Mn |
| Mar 31, 2021 | 324.80 Mn |
| Dec 31, 2020 | 362.90 Mn |
| Dec 31, 2020 | 362.90 Mn |
| Sep 30, 2020 | 243.90 Mn |
| Sep 30, 2020 | 243.90 Mn |
| Jun 30, 2020 | 210.50 Mn |
| Jun 30, 2020 | 210.50 Mn |
| Mar 31, 2020 | 214.40 Mn |
| Mar 31, 2020 | 214.40 Mn |
| Dec 31, 2019 | 266.70 Mn |
| Dec 31, 2019 | 266.70 Mn |
| Sep 30, 2019 | 260.30 Mn |
| Sep 30, 2019 | 260.30 Mn |
| Jun 30, 2019 | 243.50 Mn |
| Jun 30, 2019 | 243.50 Mn |
| Mar 31, 2019 | 220.80 Mn |
| Mar 31, 2019 | 220.80 Mn |
| Dec 31, 2018 | 302.80 Mn |
| Dec 31, 2018 | 302.80 Mn |
| Sep 30, 2018 | 185.50 Mn |
| Sep 30, 2018 | 185.50 Mn |
| Jun 30, 2018 | 226.40 Mn |
| Jun 30, 2018 | 226.40 Mn |
| Mar 31, 2018 | 198.50 Mn |
| Mar 31, 2018 | 198.50 Mn |
| Dec 31, 2017 | 147.90 Mn |
| Dec 31, 2017 | 147.90 Mn |
| Sep 30, 2017 | 183.50 Mn |
| Sep 30, 2017 | 183.50 Mn |
| Jun 30, 2017 | 203.40 Mn |
| Jun 30, 2017 | 203.40 Mn |
| Mar 31, 2017 | 168.10 Mn |
| Mar 31, 2017 | 168.10 Mn |
| Dec 31, 2016 | 207.33 Mn |
| Dec 31, 2016 | 207.33 Mn |
| Sep 30, 2016 | 155.75 Mn |
| Sep 30, 2016 | 155.75 Mn |
| Jun 30, 2016 | 165.21 Mn |
| Jun 30, 2016 | 165.21 Mn |
| Mar 31, 2016 | 154.22 Mn |
| Mar 31, 2016 | 154.22 Mn |
| Dec 31, 2015 | 210.78 Mn |
| Dec 31, 2015 | 210.78 Mn |
| Sep 30, 2015 | 206.90 Mn |
| Sep 30, 2015 | 206.90 Mn |
| Jun 30, 2015 | 284.62 Mn |
| Jun 30, 2015 | 284.62 Mn |
| Mar 31, 2015 | 26.50 Mn |
| Mar 31, 2015 | 26.50 Mn |
| Dec 31, 2014 | 251.05 Mn |
| Dec 31, 2014 | 251.05 Mn |
| Sep 30, 2014 | 257.11 Mn |
| Sep 30, 2014 | 257.11 Mn |
| Jun 30, 2014 | 252.36 Mn |
| Jun 30, 2014 | 252.36 Mn |
| Mar 31, 2014 | 213.89 Mn |
| Mar 31, 2014 | 213.89 Mn |
| Dec 31, 2013 | 276.28 Mn |
| Dec 31, 2013 | 276.28 Mn |
| Sep 30, 2013 | 167.64 Mn |
| Sep 30, 2013 | 167.64 Mn |
| Jun 30, 2013 | 156.70 Mn |
| Jun 30, 2013 | 156.70 Mn |
| Mar 31, 2013 | 123.91 Mn |
| Mar 31, 2013 | 123.91 Mn |
| Dec 31, 2012 | 191.02 Mn |
| Dec 31, 2012 | 191.02 Mn |
| Sep 30, 2012 | 150.62 Mn |
| Sep 30, 2012 | 150.62 Mn |
| Jun 30, 2012 | 105.37 Mn |
| Jun 30, 2012 | 105.37 Mn |
| Mar 31, 2012 | 121.03 Mn |
| Mar 31, 2012 | 121.03 Mn |
| Dec 31, 2011 | 125.93 Mn |
| Dec 31, 2011 | 125.93 Mn |
| Sep 30, 2011 | 405.58 Mn |
| Sep 30, 2011 | 405.58 Mn |
| Jun 30, 2011 | -17.40 Mn |
| Jun 30, 2011 | -17.40 Mn |
| Mar 31, 2011 | 8.92 Mn |
| Mar 31, 2011 | 8.92 Mn |
| Dec 31, 2010 | 118.18 Mn |
| Dec 31, 2010 | 118.18 Mn |
| Sep 30, 2010 | 226.26 Mn |
| Sep 30, 2010 | 226.26 Mn |
| Jun 30, 2010 | -52.84 Mn |
| Jun 30, 2010 | -52.84 Mn |
| Mar 31, 2010 | 55.06 Mn |
| Mar 31, 2010 | 55.06 Mn |
| Dec 31, 2009 | 67.84 Mn |
| Dec 31, 2009 | 67.84 Mn |
| Sep 30, 2009 | 68.57 Mn |
| Sep 30, 2009 | 68.57 Mn |
| Jun 30, 2009 | 64.23 Mn |
| Jun 30, 2009 | 64.23 Mn |
| Mar 31, 2009 | 49.63 Mn |
| Mar 31, 2009 | 49.63 Mn |