American Tower (AMT) Debt to Equity (2009 - 2026)

American Tower's (AMT) quarterly Debt to Equity came in at $10.59 in Q1 2026, up 185.59% year-on-year from $3.71 in Q1 2025, and up 194.77% quarter-over-quarter from $3.59 in Q4 2025.

American Tower (AMT) Debt to Equity (2009 - 2026) Analysis & Trends

American Tower has disclosed Debt to Equity across 18 years of filings, most recently posting $10.59 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $10.59, up 185.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.59 (up 185.59% YoY), and the FY2025 annual result was $3.59, down 4.99% from the prior year.
  • Debt to Equity came in at $10.59 for Q1 2026 at American Tower, up from $3.59 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $10.59 in Q1 2026 to a low of $3.11 in Q3 2022.
  • The 5-year median for Debt to Equity is $3.64 (2024), against an average of $4.34.
  • Across the five-year window, Debt to Equity sank 34.65% in 2022 and surged 185.59% in 2026, its largest moves.
  • American Tower's Debt to Equity stood at $3.12 in 2022, then gained by 14.59% to $3.57 in 2023, then increased by 5.94% to $3.78 in 2024, then decreased by 4.99% to $3.59 in 2025, then jumped by 194.77% to $10.59 in 2026.
  • The last three Debt to Equity figures came in at $10.59 (Q1 2026), $3.59 (Q4 2025), and $9.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 0.13
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 10.59
3 Digital Realty Trust 63.76 Bn 62.92 Bn - 0.03
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn -12.86
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn -18.23
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn -2.73
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 0.57
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 3.34
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - -
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 3.90

Historic Data

Download Data
DateValue
Mar 31, 2026 10.59
Dec 31, 2025 3.59
Sep 30, 2025 9.42
Jun 30, 2025 3.58
Mar 31, 2025 3.71
Dec 31, 2024 3.78
Sep 30, 2024 3.64
Jun 30, 2024 3.74
Mar 31, 2024 3.68
Dec 31, 2023 3.57
Sep 30, 2023 3.44
Jun 30, 2023 3.23
Mar 31, 2023 3.15
Dec 31, 2022 3.12
Sep 30, 2022 3.11
Jun 30, 2022 3.81
Mar 31, 2022 4.70
Dec 31, 2021 4.77
Sep 30, 2021 3.54
Jun 30, 2021 5.21