KPIs & Operating Metrics(New)
Growth Metrics

American Tower (AMT) Debt Ratio (2009 - 2026)

American Tower recorded quarterly Debt Ratio of 0.59 in Q1 2026, little changed quarter-over-quarter from 0.59 in Q4 2025, and down 0.64% year-over-year from 0.59 in Q1 2025.

American Tower's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.59 for Q1 2026.

  • In Q1 2026, Debt Ratio fell 0.64% year-over-year to 0.59; the TTM figure through Mar 2026 stood at 0.59 (down 0.64% YoY), while the FY2025 annual figure was 0.59, down 1.44% from the prior year.
  • Debt Ratio came in at 0.59 for Q1 2026 at American Tower, roughly flat from 0.59 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.62 in Q1 2022 to a low of 0.58 in Q4 2022.
  • A 5-year average of 0.59 and a median of 0.59 in 2024 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio increased 3.98% in 2022 and retreated 7.42% in 2023, its largest moves.
  • American Tower's Debt Ratio stood at 0.58 in 2022, then rose by 2.11% to 0.59 in 2023, then gained by 1.7% to 0.6 in 2024, then decreased by 1.44% to 0.59 in 2025, then advanced by 0.2% to 0.59 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.59, 0.59, and 0.58 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Equinix 106.10 Bn 103.07 Bn 2.20 Bn 0.05
2 American Tower 85.70 Bn 92.20 Bn 2.70 Bn 0.59
3 Digital Realty Trust 67.00 Bn 66.16 Bn - 0.01
4 Crown Castle 40.17 Bn 40.12 Bn 984.00 Mn 0.79
5 Iron Mountain 37.80 Bn 37.83 Bn 1.05 Bn 0.80
6 Sba Communications 21.99 Bn 22.08 Bn 532.10 Mn 1.11
7 Weyerhaeuser 16.98 Bn 16.68 Bn 318.00 Mn 0.33
8 Lamar Advertising 15.51 Bn 15.46 Bn 403.56 Mn 0.49
9 Gaming & Leisure Properties 13.46 Bn 13.86 Bn - -
10 OUTFRONT Media 5.85 Bn 5.81 Bn 202.10 Mn 0.49

Historic Data

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DateValue
Mar 31, 2026 0.59
Dec 31, 2025 0.59
Sep 30, 2025 0.58
Jun 30, 2025 0.59
Mar 31, 2025 0.59
Dec 31, 2024 0.60
Sep 30, 2024 0.59
Jun 30, 2024 0.59
Mar 31, 2024 0.59
Dec 31, 2023 0.59
Sep 30, 2023 0.59
Jun 30, 2023 0.58
Mar 31, 2023 0.58
Dec 31, 2022 0.58
Sep 30, 2022 0.58
Jun 30, 2022 0.60
Mar 31, 2022 0.62
Dec 31, 2021 0.62
Sep 30, 2021 0.55
Jun 30, 2021 0.60
Mar 31, 2021 0.62
Dec 31, 2020 0.62
Sep 30, 2020 0.60
Jun 30, 2020 0.61
Mar 31, 2020 0.60
Dec 31, 2019 0.56
Sep 30, 2019 0.55
Jun 30, 2019 0.54
Mar 31, 2019 0.54
Dec 31, 2018 0.64
Sep 30, 2018 0.64
Jun 30, 2018 0.64
Mar 31, 2018 0.62
Dec 31, 2017 0.61
Sep 30, 2017 0.60
Jun 30, 2017 0.60
Mar 31, 2017 0.59
Dec 31, 2016 0.60
Sep 30, 2016 0.61
Jun 30, 2016 0.61
Mar 31, 2016 0.63
Dec 31, 2015 0.64
Sep 30, 2015 0.63
Jun 30, 2015 0.61
Mar 31, 2015 0.61
Dec 31, 2014 0.68
Sep 30, 2014 0.68
Jun 30, 2014 0.67
Mar 31, 2014 0.70
Dec 31, 2013 0.72
Sep 30, 2013 0.70
Jun 30, 2013 0.62
Mar 31, 2013 0.61
Dec 31, 2012 0.62
Sep 30, 2012 0.58
Jun 30, 2012 0.59
Mar 31, 2012 0.58
Dec 31, 2011 0.59
Sep 30, 2011 0.54
Jun 30, 2011 0.52
Mar 31, 2011 0.52
Dec 31, 2010 0.54
Mar 31, 2010 0.49
Dec 31, 2009 0.49
Sep 30, 2009 0.50
Jun 30, 2009 0.52