American Tower (AMT) EBITDA Margin (2009 - 2026)
American Tower's (AMT) quarterly EBITDA Margin came in at 45.27% in Q1 2026, down 367.0% year-on-year from 16.95% in Q1 2025, and up 6.76% quarter-over-quarter from 42.4% in Q4 2025.
American Tower (AMT) EBITDA Margin (2009 - 2026) Analysis & Trends
American Tower has disclosed EBITDA Margin across 18 years of filings, most recently posting 45.27% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 45.27%, down 367.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 44.65% (down 84.0% YoY), and the FY2025 annual result was 55.86%, up 40.0% from the prior year.
- EBITDA Margin came in at 45.27% for Q1 2026 at American Tower, up from 42.4% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 48.93% in Q1 2025 to a low of 24.44% in Q3 2022.
- The 5-year median for EBITDA Margin is 42.4% (2024), against an average of 38.05%.
- Across the five-year window, EBITDA Margin sank 1114 bps in 2022 and surged 1745 bps in 2024, its largest moves.
- American Tower's EBITDA Margin stood at 35.28% in 2022, then declined by 29 bps to 24.95% in 2023, then soared by 70 bps to 42.4% in 2024, then gained by 0 bps to 42.4% in 2025, then climbed by 7 bps to 45.27% in 2026.
- The last three EBITDA Margin figures came in at 45.27% (Q1 2026), 42.4% (Q4 2025), and 45.39% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.53 Bn | 101.50 Bn | 2.20 Bn | 23.61% |
| 2 | American Tower | 86.20 Bn | 92.70 Bn | 2.70 Bn | 45.27% |
| 3 | Digital Realty Trust | 63.76 Bn | 62.92 Bn | - | 16.38% |
| 4 | Crown Castle | 38.57 Bn | 38.52 Bn | 984.00 Mn | 14.95% |
| 5 | Iron Mountain | 37.41 Bn | 37.43 Bn | 1.05 Bn | 30.34% |
| 6 | Sba Communications | 20.70 Bn | 20.79 Bn | 532.10 Mn | 53.86% |
| 7 | Weyerhaeuser | 17.74 Bn | 17.44 Bn | 318.00 Mn | 14.30% |
| 8 | Lamar Advertising | 15.68 Bn | 15.63 Bn | 403.56 Mn | 25.57% |
| 9 | Gaming & Leisure Properties | 13.22 Bn | 13.62 Bn | - | 55.19% |
| 10 | OUTFRONT Media | 5.51 Bn | 5.47 Bn | 202.10 Mn | 17.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.27% |
| Dec 31, 2025 | 42.40% |
| Sep 30, 2025 | 45.39% |
| Jun 30, 2025 | 45.59% |
| Mar 31, 2025 | 48.93% |
| Dec 31, 2024 | 42.40% |
| Sep 30, 2024 | 45.17% |
| Jun 30, 2024 | 45.44% |
| Mar 31, 2024 | 45.41% |
| Dec 31, 2023 | 24.95% |
| Sep 30, 2023 | 36.21% |
| Jun 30, 2023 | 33.91% |
| Mar 31, 2023 | 29.64% |
| Dec 31, 2022 | 35.28% |
| Sep 30, 2022 | 24.44% |
| Jun 30, 2022 | 29.25% |
| Mar 31, 2022 | 27.26% |
| Dec 31, 2021 | 25.63% |
| Sep 30, 2021 | 33.72% |
| Jun 30, 2021 | 36.94% |