American Tower (AMT) FCF Margin (2009 - 2026)
American Tower (AMT) posted FCF Margin of 42.41% for Q2 2026, up 22.07% sequentially from 34.74% in Q1 2026, and up 522.0% YoY from 6.82% in Q2 2025.
American Tower (AMT) FCF Margin (2009 - 2026) Analysis & Trends
American Tower has reported FCF Margin for 18 years, with the latest figure at 42.41% in Q2 2026.
- Quarterly FCF Margin rose 522.0% year-over-year to 42.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 36.19% (down 27.0% YoY) and the FY2025 annual result came in at 35.54%, down 100.0% from the prior year.
- FCF Margin improved to 42.41% in Q2 2026 per AMT's latest filing, from 34.74% in the prior quarter.
- Over five years, FCF Margin peaked at 42.41% in Q2 2026 and troughed at 10.43% in Q1 2022.
- A 5-year average of 31.28% and a median of 33.44% in 2022 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 2318 bps in 2022, down 5491 bps in 2022.
- Over 5 years, FCF Margin stood at 32.14% in 2022, then fell by 22 bps to 25.13% in 2023, then gained by 18 bps to 29.66% in 2024, then increased by 4 bps to 30.99% in 2025, then soared by 37 bps to 42.41% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 42.41%, 34.74%, and 30.99% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 107.43 Bn | 105.20 Bn | 1.40 Bn | -19.47% |
| 2 | American Tower | 82.41 Bn | 80.65 Bn | 2.72 Bn | 42.41% |
| 3 | Digital Realty Trust | 69.22 Bn | 67.35 Bn | - | 7.72% |
| 4 | Iron Mountain | 37.05 Bn | 36.84 Bn | 1.07 Bn | -1.92% |
| 5 | Crown Castle | 32.79 Bn | 31.75 Bn | 989.00 Mn | 46.83% |
| 6 | Sba Communications | 19.31 Bn | 19.31 Bn | 539.27 Mn | 48.20% |
| 7 | Weyerhaeuser | 17.69 Bn | 17.16 Bn | 311.00 Mn | 20.94% |
| 8 | Lamar Advertising | 15.37 Bn | 15.31 Bn | 422.53 Mn | 34.00% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 38.29% |
| 10 | Rayonier | 6.37 Bn | 5.95 Bn | 75.67 Mn | 26.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.41% |
| Mar 31, 2026 | 34.74% |
| Dec 31, 2025 | 30.99% |
| Sep 30, 2025 | 36.60% |
| Jun 30, 2025 | 37.19% |
| Mar 31, 2025 | 37.61% |
| Dec 31, 2024 | 29.66% |
| Sep 30, 2024 | 41.42% |
| Jun 30, 2024 | 39.82% |
| Mar 31, 2024 | 35.30% |
| Dec 31, 2023 | 25.13% |
| Sep 30, 2023 | 36.09% |
| Jun 30, 2023 | 31.36% |
| Mar 31, 2023 | 24.15% |
| Dec 31, 2022 | 32.14% |
| Sep 30, 2022 | 17.71% |
| Jun 30, 2022 | 20.39% |
| Mar 31, 2022 | 10.43% |
| Dec 31, 2021 | 8.95% |
| Sep 30, 2021 | 72.62% |