American Tower (AMT) EV to EBITDA (2009 - 2026)
American Tower's (AMT) quarterly EV to EBITDA came in at 63.83 in Q2 2026, down 29.33% year-over-year from 90.32 in Q2 2025, and down 7.42% quarter-over-quarter from 68.95 in Q1 2026.
Analysis
American Tower (AMT) EV to EBITDA (2009 - 2026) Analysis & Trends
American Tower has disclosed EV to EBITDA across 18 years of filings, most recently posting 63.83 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 29.33% year-over-year to 63.83; the TTM figure through Jun 2026 stood at 16.52 (down 28.66% YoY), while the FY2025 annual figure was 14.65, down 8.57% from the prior year.
- EV to EBITDA came in at 63.83 for Q2 2026 at American Tower, down from 68.95 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 179.72 in Q4 2022 to a low of 63.83 in Q2 2026.
- Average EV to EBITDA over 5 years is 109.48, with a median of 89.73 recorded in 2023.
- Year-over-year, EV to EBITDA grew 27.04% in 2022 and sank 51.64% in 2024.
- Over 5 years, EV to EBITDA stood at 179.72 in 2022, then retreated by 4.14% to 172.29 in 2023, then slumped by 51.64% to 83.32 in 2024, then fell by 9.93% to 75.04 in 2025, then dropped by 14.94% to 63.83 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 63.83 in Q2 2026, 68.95 in Q1 2026, and 75.04 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 81.00 Bn | 79.23 Bn | 2.72 Bn |
| 2 | Crown Castle | 32.30 Bn | 31.26 Bn | 989.00 Mn |
| 3 | Sba Communications | 19.31 Bn | 19.31 Bn | 539.27 Mn |
| 4 | Array Digital Infrastructure | 3.28 Bn | 2.87 Bn | 30.57 Mn |
| 5 | IHS Holding | 2.84 Bn | 1.76 Bn | 207.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.83 |
| Mar 31, 2026 | 68.95 |
| Dec 31, 2025 | 75.04 |
| Sep 30, 2025 | 76.97 |
| Jun 30, 2025 | 90.32 |
| Mar 31, 2025 | 84.65 |
| Dec 31, 2024 | 83.32 |
| Sep 30, 2024 | 99.25 |
| Jun 30, 2024 | 82.34 |
| Mar 31, 2024 | 84.72 |
| Dec 31, 2023 | 172.29 |
| Sep 30, 2023 | 89.13 |
| Jun 30, 2023 | 111.68 |
| Mar 31, 2023 | 134.23 |
| Dec 31, 2022 | 179.72 |
| Sep 30, 2022 | 159.11 |
| Jun 30, 2022 | 154.29 |
| Mar 31, 2022 | 160.77 |
| Dec 31, 2021 | 216.01 |
| Sep 30, 2021 | 147.02 |