American Tower (AMT) EV to FCF (2009 - 2026)
American Tower's EV to FCF was 20.45 in Q2 2026, down 29.3% from 28.92 a year earlier and down 9.7% from the prior quarter.
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Analysis
American Tower (AMT) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Tower's EV to FCF was 19.18 through Jun 30, 2026, down 29.6% year-over-year; for FY2025, it was 23.02, down 5.3% from FY2024.
- EV to FCF has now declined for three consecutive years.
- In earlier years, EV to FCF was 24.32 in FY2024 (-32.6%), 36.10 in FY2023 (-36.7%), 57.02 in FY2022 (+45.1%) and 39.31 in FY2021 (+13.8%).
- The Q2 2026 figure marks the lowest quarterly EV to FCF in data going back to Q2 2009.
- Compared with a year earlier, EV to FCF has declined for four straight quarters, with an average decline of 12.2% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q3 2022 (growth of 125.1%); the worst was Q3 2023 (a decline of 58.1%).
- Per Business Quant data, AMT's EV to FCF in the three quarters before Q2 2026 was 22.66 (Q1 2026), 23.02 (Q4 2025) and 25.72 (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 | 20.45 |
| Mar 31, 2026 | 22.66 |
| Dec 31, 2025 | 23.02 |
| Sep 30, 2025 | 25.72 |
| Jun 30, 2025 | 28.92 |
| Mar 31, 2025 | 28.10 |
| Dec 31, 2024 | 24.32 |
| Sep 30, 2024 | 31.74 |
| Jun 30, 2024 | 27.78 |
| Mar 31, 2024 | 30.18 |
| Dec 31, 2023 | 36.10 |
| Sep 30, 2023 | 28.72 |
| Jun 30, 2023 | 39.73 |
| Mar 31, 2023 | 46.56 |
| Dec 31, 2022 | 57.02 |
| Sep 30, 2022 | 68.58 |
| Jun 30, 2022 | 42.74 |
| Mar 31, 2022 | 39.48 |
| Dec 31, 2021 | 39.31 |
| Sep 30, 2021 | 30.46 |
API Access
American Tower EV to FCF 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-fcf&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();