American Tower (AMT) EBITDA Margin (2009 - 2026)
American Tower (AMT) recorded EBITDA Margin of 64.86% in Q2 2026, down 0.15 percentage points from 65.02% a year earlier but up 0.67 percentage points from the prior quarter.
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Analysis
American Tower (AMT) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, American Tower's EBITDA Margin came in at 63.73% as of Jun 30, 2026, down 1.45 percentage points year-over-year; for FY2025, it was 64.70%, down 0.88 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +5.39 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 65.58% in FY2024 (+3.53 pp), 62.04% in FY2023 (-1.13 pp), 63.18% in FY2022 (+4.78 pp) and 58.40% in FY2021 (-0.91 pp).
- Quarterly EBITDA Margin has ranged from 51.96% in Q4 2021 to 84.98% in Q4 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for five consecutive quarters, with an average year-over-year change of -0.30 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 33.02 percentage points in Q4 2022, against a drop of 28.88 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 64.20% (Q1 2026), 61.25% (Q4 2025) and 64.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 64.86% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | 50.64% |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 63.59% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 60.57% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 47.41% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 29.30% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 765.10% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | - |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 29.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.86% |
| Mar 31, 2026 | 64.20% |
| Dec 31, 2025 | 61.25% |
| Sep 30, 2025 | 64.63% |
| Jun 30, 2025 | 65.02% |
| Mar 31, 2025 | 68.15% |
| Dec 31, 2024 | 62.06% |
| Sep 30, 2024 | 65.50% |
| Jun 30, 2024 | 67.51% |
| Mar 31, 2024 | 67.28% |
| Dec 31, 2023 | 56.09% |
| Sep 30, 2023 | 66.47% |
| Jun 30, 2023 | 64.32% |
| Mar 31, 2023 | 61.15% |
| Dec 31, 2022 | 84.98% |
| Sep 30, 2022 | 58.06% |
| Jun 30, 2022 | 60.16% |
| Mar 31, 2022 | 57.92% |
| Dec 31, 2021 | 51.96% |
| Sep 30, 2021 | 58.63% |
API Access
American Tower EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();