American Tower (AMT) Free Cash Flow (2009 - 2026)
American Tower (AMT) reported Free Cash Flow of $1.17 billion for Q2 2026, up 19.3% from $976.9 million a year earlier and up 22.6% from the prior quarter.
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Analysis
American Tower (AMT) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Tower's Free Cash Flow came in at $3.96 billion, up 5.8% year-over-year; for FY2025, it came in at $3.78 billion, up 2.2% from FY2024.
- Free Cash Flow has increased for three consecutive years, with a five-year compound annual growth rate of 5.8% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $3.7 billion in FY2024 (+26.5%), $2.92 billion in FY2023 (+60.4%), $1.82 billion in FY2022 (-47.1%) and $3.44 billion in FY2021 (+20.8%).
- The Q2 2026 figure ranks as the highest quarterly Free Cash Flow since Q3 2021.
- Year over year, Free Cash Flow gained in five of the last eight quarters, with growth averaging 8.5%.
- The high point for year-over-year Free Cash Flow in five years was Q3 2021 (growth of 148.8%); the low point was Q3 2022 (a decline of 73.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $951.1 million (Q1 2026), $848.3 million (Q4 2025) and $994.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 1.17 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 148.62 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 472.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 344.76 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 209.70 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 91.20 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | -49.27 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 179.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | -233.64 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 25.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Mar 31, 2026 | 951.10 Mn |
| Dec 31, 2025 | 848.30 Mn |
| Sep 30, 2025 | 994.50 Mn |
| Jun 30, 2025 | 976.90 Mn |
| Mar 31, 2025 | 963.90 Mn |
| Dec 31, 2024 | 755.60 Mn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 1.01 Bn |
| Mar 31, 2024 | 886.90 Mn |
| Dec 31, 2023 | 617.30 Mn |
| Sep 30, 2023 | 909.90 Mn |
| Jun 30, 2023 | 788.50 Mn |
| Mar 31, 2023 | 608.60 Mn |
| Dec 31, 2022 | 526.80 Mn |
| Sep 30, 2022 | 473.10 Mn |
| Jun 30, 2022 | 545.20 Mn |
| Mar 31, 2022 | 277.50 Mn |
| Dec 31, 2021 | 218.90 Mn |
| Sep 30, 2021 | 1.78 Bn |
API Access
American Tower Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();