American Tower (AMT) EV to CFO (2009 - 2026)
American Tower's (AMT) EV to CFO was 14.02 for Q2 2026, down 32.0% from 20.63 a year earlier and down 8.6% from the prior quarter.
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Analysis
American Tower (AMT) EV to CFO (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Tower's EV to CFO came in at 13.15, down 32.3% year-over-year; for FY2025, it was 15.94, down 6.3% from FY2024.
- EV to CFO has declined for three consecutive years.
- By year, EV to CFO came in at 17.01 in FY2024 (-23.9%), 22.36 in FY2023 (-20.5%), 28.12 in FY2022 (+0.1%) and 28.08 in FY2021 (+10.7%).
- The Q2 2026 figure ranks as the lowest quarterly EV to CFO in data going back to Q2 2009.
- Year over year, EV to CFO has now declined in each of the last four quarters, with an average decline of 7.9% over the last eight quarters.
- The high point for year-over-year EV to CFO in five years was Q3 2022 (growth of 41.1%); the low point was Q3 2023 (a decline of 47.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.34 (Q1 2026), 15.94 (Q4 2025) and 18.13 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.02 |
| Mar 31, 2026 | 15.34 |
| Dec 31, 2025 | 15.94 |
| Sep 30, 2025 | 18.13 |
| Jun 30, 2025 | 20.63 |
| Mar 31, 2025 | 20.02 |
| Dec 31, 2024 | 17.01 |
| Sep 30, 2024 | 21.61 |
| Jun 30, 2024 | 18.80 |
| Mar 31, 2024 | 19.59 |
| Dec 31, 2023 | 22.36 |
| Sep 30, 2023 | 17.08 |
| Jun 30, 2023 | 21.66 |
| Mar 31, 2023 | 24.44 |
| Dec 31, 2022 | 28.12 |
| Sep 30, 2022 | 32.56 |
| Jun 30, 2022 | 27.72 |
| Mar 31, 2022 | 26.55 |
| Dec 31, 2021 | 28.08 |
| Sep 30, 2021 | 23.07 |
API Access
American Tower EV to CFO 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=ev-to-cfo&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();