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.

#	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%

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