American Tower (AMT) FCF Margin (2009 - 2026)

American Tower (AMT) reported FCF Margin of 47.17% for Q1 2026, up 956.0% on a YoY basis from 4.47% in Q1 2025, and up 52.23% sequentially from 30.99% in Q4 2025.

American Tower (AMT) FCF Margin (2009 - 2026) Analysis & Trends

American Tower (AMT) has 18 years of FCF Margin data on file, last reported at 47.17% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 956.0% year-over-year to 47.17%; the trailing twelve-month figure through Mar 2026 stood at 38.0% (up 380.0% YoY), and the FY2025 full-year result was 35.54%, down 100.0% from the prior year.
  • FCF Margin improved to 47.17% in Q1 2026, from 30.99% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 75.97% in Q3 2023 to a low of 23.14% in Q4 2022.
  • A 5-year average of 30.07% and a median of 36.6% in 2025 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin plunged 3362 bps in 2022 and jumped 4122 bps in 2025, its largest moves.
  • Tracing AMT's FCF Margin over 5 years: stood at 23.14% in 2022, then soared by 32 bps to 15.8% in 2023, then surged by 35 bps to 10.23% in 2024, then jumped by 403 bps to 30.99% in 2025, then soared by 52 bps to 47.17% in 2026.
  • Business Quant data shows AMT's FCF Margin at 47.17% in Q1 2026, 30.99% in Q4 2025, and 36.6% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn -22.05%
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 47.17%
3 Digital Realty Trust 61.91 Bn 61.08 Bn - -20.65%
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 1.89%
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 922.45%
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 29.38%
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 1.68%
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 21.64%
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 37.80%
10 Rayonier 6.43 Bn 5.79 Bn 46.45 Mn 10.87%

Historic Data

Download Data
DateValue
Mar 31, 2026 47.17%
Dec 31, 2025 30.99%
Sep 30, 2025 36.60%
Jun 30, 2025 37.19%
Mar 31, 2025 37.61%
Dec 31, 2024 -10.23%
Sep 30, 2024 57.82%
Jun 30, 2024 51.82%
Mar 31, 2024 47.13%
Dec 31, 2023 -15.80%
Sep 30, 2023 75.97%
Jun 30, 2023 31.36%
Mar 31, 2023 24.15%
Dec 31, 2022 -23.14%
Sep 30, 2022 51.63%
Jun 30, 2022 12.36%
Mar 31, 2022 18.50%
Dec 31, 2021 8.95%
Sep 30, 2021 57.01%
Jun 30, 2021 45.98%