KPIs & Operating Metrics(New)
Growth Metrics

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

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DateValue
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