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
DateValue
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