American Tower (AMT) FCF Margin (2009 - 2026)
American Tower recorded quarterly FCF Margin of 34.74% in Q1 2026, up 12.12% quarter-over-quarter from 30.99% in Q4 2025, and down 287.0% year-over-year from 18.58% in Q1 2025.
American Tower's FCF Margin history runs 18 years deep, the most recent figure standing at 34.74% for Q1 2026.
- In Q1 2026, FCF Margin fell 287.0% year-over-year to 34.74%; the TTM figure through Mar 2026 stood at 34.85% (down 226.0% YoY), while the FY2025 annual figure was 35.54%, down 100.0% from the prior year.
- FCF Margin came in at 34.74% for Q1 2026 at American Tower, up from 30.99% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 41.42% in Q3 2024 to a low of 10.43% in Q1 2022.
- A 5-year average of 30.63% and a median of 32.14% in 2022 frame the typical range for FCF Margin.
- On a YoY basis, FCF Margin climbed as much as 2318 bps in 2022 and fell as far as 5491 bps in 2022.
- American Tower's FCF Margin stood at 32.14% in 2022, then declined by 22 bps to 25.13% in 2023, then rose by 18 bps to 29.66% in 2024, then grew by 4 bps to 30.99% in 2025, then increased by 12 bps to 34.74% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 34.74%, 30.99%, and 36.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 24.30% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 34.74% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | -20.65% |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 44.75% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 1.89% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 29.38% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 1.68% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 34.95% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 37.80% |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 16.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 29.32% |
| Mar 31, 2021 | 35.58% |
| Dec 31, 2020 | 36.25% |
| Sep 30, 2020 | 35.59% |
| Jun 30, 2020 | 40.68% |
| Mar 31, 2020 | 29.38% |
| Dec 31, 2019 | 37.79% |
| Sep 30, 2019 | 34.65% |
| Jun 30, 2019 | 41.97% |
| Mar 31, 2019 | 31.12% |
| Dec 31, 2018 | 45.05% |
| Sep 30, 2018 | 31.80% |
| Jun 30, 2018 | 40.07% |
| Mar 31, 2018 | 34.06% |
| Dec 31, 2017 | 37.61% |
| Sep 30, 2017 | 28.58% |
| Jun 30, 2017 | 35.56% |
| Mar 31, 2017 | 31.56% |
| Dec 31, 2016 | 33.51% |
| Sep 30, 2016 | 33.76% |
| Jun 30, 2016 | 40.40% |
| Mar 31, 2016 | 31.75% |
| Dec 31, 2015 | 32.23% |
| Sep 30, 2015 | 24.26% |
| Jun 30, 2015 | 20.60% |
| Mar 31, 2015 | 44.80% |
| Dec 31, 2014 | 30.00% |
| Sep 30, 2014 | 23.13% |
| Jun 30, 2014 | 33.30% |
| Mar 31, 2014 | 26.69% |
| Dec 31, 2013 | 18.93% |
| Sep 30, 2013 | 23.80% |
| Jun 30, 2013 | 28.90% |
| Mar 31, 2013 | 33.65% |
| Dec 31, 2012 | 13.90% |
| Sep 30, 2012 | 28.46% |
| Jun 30, 2012 | 36.62% |
| Mar 31, 2012 | 40.34% |
| Dec 31, 2011 | 29.09% |
| Sep 30, 2011 | -18.23% |
| Jun 30, 2011 | 49.05% |
| Mar 31, 2011 | 48.85% |
| Dec 31, 2010 | 23.40% |
| Sep 30, 2010 | 6.23% |
| Jun 30, 2010 | 67.16% |
| Mar 31, 2010 | 43.70% |
| Dec 31, 2009 | 7.43% |
| Sep 30, 2009 | 38.61% |
| Jun 30, 2009 | 839.29% |
| Mar 31, 2009 | 38.20% |