American Tower (AMT) Cost of Revenue (2009 - 2026)
American Tower (AMT) reported Cost of Revenue of $38.5 million for Q1 2026, up 10.32% on a YoY basis from $34.9 million in Q1 2025, and up 3.49% sequentially from $37.2 million in Q4 2025.
American Tower (AMT) Cost of Revenue (2009 - 2026) Analysis & Trends
American Tower (AMT) has 18 years of Cost of Revenue data on file, last reported at $38.5 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 10.32% year-over-year to $38.5 million; the trailing twelve-month figure through Mar 2026 stood at $177.6 million (up 56.34% YoY), and the FY2025 full-year result was $174.0 million, up 87.9% from the prior year.
- Cost of Revenue climbed to $38.5 million in Q1 2026, from $37.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $127.5 million in Q1 2023 to a low of $8.8 million in Q4 2022.
- A 5-year average of $34.2 million and a median of $26.1 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue slumped 96.06% in 2022 and jumped 388.51% in 2023, its largest moves.
- Tracing AMT's Cost of Revenue over 5 years: stood at $8.8 million in 2022, then climbed by 28.41% to $11.3 million in 2023, then surged by 181.42% to $31.8 million in 2024, then advanced by 16.98% to $37.2 million in 2025, then climbed by 3.49% to $38.5 million in 2026.
- Business Quant data shows AMT's Cost of Revenue at $38.5 million in Q1 2026, $37.2 million in Q4 2025, and $53.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 103.05 Bn | 99.99 Bn | 1.26 Bn | 1.19 Bn |
| 2 | American Tower | 77.66 Bn | 77.54 Bn | 2.70 Bn | 38.50 Mn |
| 3 | Digital Realty Trust | 67.48 Bn | 65.06 Bn | - | - |
| 4 | Iron Mountain | 37.71 Bn | 37.46 Bn | 1.05 Bn | 889.80 Mn |
| 5 | Crown Castle | 32.38 Bn | 32.33 Bn | 23.00 Mn | 26.00 Mn |
| 6 | Sba Communications | 18.28 Bn | 18.28 Bn | 532.10 Mn | 39.42 Mn |
| 7 | Weyerhaeuser | 17.26 Bn | 16.96 Bn | 318.00 Mn | 1.41 Bn |
| 8 | Lamar Advertising | 16.38 Bn | 16.34 Bn | 344.69 Mn | 183.32 Mn |
| 9 | Gaming & Leisure Properties | 12.82 Bn | 12.82 Bn | - | - |
| 10 | OUTFRONT Media | 5.65 Bn | 5.58 Bn | 202.10 Mn | 227.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.50 Mn |
| Mar 31, 2026 | 38.50 Mn |
| Dec 31, 2025 | 37.20 Mn |
| Dec 31, 2025 | 37.20 Mn |
| Sep 30, 2025 | 53.80 Mn |
| Sep 30, 2025 | 53.80 Mn |
| Jun 30, 2025 | 48.10 Mn |
| Jun 30, 2025 | 48.10 Mn |
| Mar 31, 2025 | 34.90 Mn |
| Mar 31, 2025 | 34.90 Mn |
| Dec 31, 2024 | 31.80 Mn |
| Dec 31, 2024 | 31.80 Mn |
| Sep 30, 2024 | 24.90 Mn |
| Sep 30, 2024 | 24.90 Mn |
| Jun 30, 2024 | 22.00 Mn |
| Jun 30, 2024 | 22.00 Mn |
| Mar 31, 2024 | 13.90 Mn |
| Mar 31, 2024 | 13.90 Mn |
| Dec 31, 2023 | 11.30 Mn |
| Dec 31, 2023 | 11.30 Mn |