American Tower Corp /Ma/ (AMT) EV to EBITDA (2009 - 2026)
American Tower's EV to EBITDA was 11.61 in Q2 2026, down 28.2% from 16.18 a year earlier and down 6.2% from the prior quarter.
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Analysis
American Tower Corp /Ma/ (AMT) EV to EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Tower's EV to EBITDA was 10.89 through Jun 30, 2026, down 28.5% year-over-year; for FY2025, it came in at 12.65, down 6.7% from FY2024.
- EV to EBITDA has now declined for four consecutive years.
- In earlier years, EV to EBITDA was 13.55 in FY2024 (-20.3%), 17.00 in FY2023 (-0.4%), 17.06 in FY2022 (-31.1%) and 24.77 in FY2021 (+20.0%).
- The Q2 2026 figure marks the lowest quarterly EV to EBITDA since Q1 2009.
- Compared with a year earlier, EV to EBITDA has declined for four straight quarters, with an average decline of 6.1% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q3 2024 (growth of 34.4%); the worst was Q4 2022 (a decline of 31.1%).
- Per Business Quant data, AMT's EV to EBITDA in the three quarters before Q2 2026 was 12.39 (Q1 2026), 12.65 (Q4 2025) and 13.98 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.61 |
| Mar 31, 2026 | 12.39 |
| Dec 31, 2025 | 12.65 |
| Sep 30, 2025 | 13.98 |
| Jun 30, 2025 | 16.18 |
| Mar 31, 2025 | 15.85 |
| Dec 31, 2024 | 13.55 |
| Sep 30, 2024 | 17.56 |
| Jun 30, 2024 | 14.73 |
| Mar 31, 2024 | 15.20 |
| Dec 31, 2023 | 17.00 |
| Sep 30, 2023 | 13.07 |
| Jun 30, 2023 | 15.60 |
| Mar 31, 2023 | 16.45 |
| Dec 31, 2022 | 17.06 |
| Sep 30, 2022 | 17.40 |
| Jun 30, 2022 | 20.60 |
| Mar 31, 2022 | 20.62 |
| Dec 31, 2021 | 24.77 |
| Sep 30, 2021 | 22.74 |
API Access
American Tower Corp /Ma/ EV to EBITDA 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-ebitda&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();