KPIs & Operating Metrics(New)
Growth Metrics

American Tower (AMT) FCF Margin (2016 - 2025)

American Tower's FCF Margin history spans 17 years, with the latest figure at 30.99% for Q4 2025.

  • For Q4 2025, FCF Margin rose 133.0% year-over-year to 30.99%; the TTM value through Dec 2025 reached 35.54%, down 100.0%, while the annual FY2025 figure was 35.54%, 100.0% down from the prior year.
  • FCF Margin for Q4 2025 was 30.99% at American Tower, down from 36.6% in the prior quarter.
  • Across five years, FCF Margin topped out at 72.62% in Q3 2021 and bottomed at 8.95% in Q4 2021.
  • The 5-year median for FCF Margin is 31.75% (2022), against an average of 31.62%.
  • The largest annual shift saw FCF Margin surged 3703bps in 2021 before it crashed -5491bps in 2022.
  • A 5-year view of FCF Margin shows it stood at 8.95% in 2021, then surged by 259bps to 32.14% in 2022, then decreased by -22bps to 25.13% in 2023, then rose by 18bps to 29.66% in 2024, then grew by 4bps to 30.99% in 2025.
  • Per Business Quant, the three most recent readings for AMT's FCF Margin are 30.99% (Q4 2025), 36.6% (Q3 2025), and 37.19% (Q2 2025).