American Tower (AMT) EBT Margin (2009 - 2026)
American Tower (AMT) recorded EBT Margin of 32.25% in Q3 2026, down 2.71 percentage points from 34.96% a year earlier and down 4.46 percentage points from the prior quarter.
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Analysis
American Tower (AMT) EBT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, American Tower's EBT Margin came in at 35.34% as of Sep 30, 2026, up 2.96 percentage points year-over-year; for FY2025, it came in at 28.60%, down 7.19 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +5.95 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 35.79% in FY2024 (+20.52 pp), 15.27% in FY2023 (-6.35 pp), 21.63% in FY2022 (-8.61 pp) and 30.24% in FY2021 (+7.59 pp).
- The Q3 2026 figure is the lowest quarterly EBT Margin since Q2 2025.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of +6.55 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 54.05 percentage points in Q4 2024, against a drop of 45.61 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 36.71% (Q2 2026), 37.19% (Q1 2026) and 35.25% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 86.72 Bn | 80.00 Bn | 2.75 Bn | 32.25% |
| 2 | Digital Realty Trust | 67.98 Bn | 59.43 Bn | - | 10.98% |
| 3 | Crown Castle | 37.11 Bn | 35.78 Bn | 982.00 Mn | 28.94% |
| 4 | Sba Communications | 19.86 Bn | 18.40 Bn | 542.40 Mn | 35.66% |
| 5 | Lamar Advertising | 16.11 Bn | 15.92 Bn | 422.53 Mn | 27.14% |
| 6 | OUTFRONT Media | 5.53 Bn | 5.27 Bn | 276.40 Mn | 15.02% |
| 7 | IHS Holding | 2.84 Bn | -723.51 Mn | 207.10 Mn | 6.02% |
| 8 | Array Digital Infrastructure | 2.59 Bn | 1.48 Bn | 30.57 Mn | 838.39% |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn | -2.22% |
| 10 | Fermi | 1.03 Bn | 171.55 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 32.25% |
| Jun 30, 2026 | 36.71% |
| Mar 31, 2026 | 37.19% |
| Dec 31, 2025 | 35.25% |
| Sep 30, 2025 | 34.96% |
| Jun 30, 2025 | 19.48% |
| Mar 31, 2025 | 24.09% |
| Dec 31, 2024 | 51.25% |
| Sep 30, 2024 | 21.83% |
| Jun 30, 2024 | 33.30% |
| Mar 31, 2024 | 36.67% |
| Dec 31, 2023 | -2.80% |
| Sep 30, 2023 | 32.70% |
| Jun 30, 2023 | 18.88% |
| Mar 31, 2023 | 14.62% |
| Dec 31, 2022 | -23.99% |
| Sep 30, 2022 | 32.03% |
| Jun 30, 2022 | 33.59% |
| Mar 31, 2022 | 27.26% |
| Dec 31, 2021 | 21.61% |
API Access
American Tower EBT 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=ebt-margin&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();