American Tower (AMT) Free Cash Flow (2009 - 2026)

American Tower's (AMT) quarterly Free Cash Flow came in at $951.1 million in Q1 2026, down 1.33% year-on-year from $963.9 million in Q1 2025, and up 12.12% quarter-over-quarter from $848.3 million in Q4 2025.

American Tower (AMT) Free Cash Flow (2009 - 2026) Analysis & Trends

American Tower has disclosed Free Cash Flow across 18 years of filings, most recently posting $951.1 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $951.1 million, down 1.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (changed 0.18% YoY), and the FY2025 annual result was $3.8 billion, up 2.25% from the prior year.
  • Free Cash Flow came in at $951.1 million for Q1 2026 at American Tower, up from $848.3 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.0 billion in Q3 2024 to a low of $277.5 million in Q1 2022.
  • The 5-year median for Free Cash Flow is $848.3 million (2025), against an average of $775.4 million.
  • Peak annual rise in Free Cash Flow reached 140.66% in 2022, while the deepest fall reached 73.46% in 2022.
  • American Tower's Free Cash Flow stood at $526.8 million in 2022, then gained by 17.18% to $617.3 million in 2023, then rose by 22.4% to $755.6 million in 2024, then advanced by 12.27% to $848.3 million in 2025, then grew by 12.12% to $951.1 million in 2026.
  • The last three Free Cash Flow figures came in at $951.1 million (Q1 2026), $848.3 million (Q4 2025), and $994.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 594.00 Mn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 951.10 Mn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - -337.62 Mn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 452.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 36.65 Mn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 206.69 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 29.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 208.30 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 158.75 Mn
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 72.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 951.10 Mn
Mar 31, 2026 951.10 Mn
Dec 31, 2025 848.30 Mn
Dec 31, 2025 848.30 Mn
Sep 30, 2025 994.50 Mn
Sep 30, 2025 994.50 Mn
Jun 30, 2025 976.90 Mn
Jun 30, 2025 976.90 Mn
Mar 31, 2025 963.90 Mn
Mar 31, 2025 963.90 Mn
Dec 31, 2024 755.60 Mn
Dec 31, 2024 755.60 Mn
Sep 30, 2024 1.04 Bn
Sep 30, 2024 1.04 Bn
Jun 30, 2024 1.01 Bn
Jun 30, 2024 1.01 Bn
Mar 31, 2024 886.90 Mn
Mar 31, 2024 886.90 Mn
Dec 31, 2023 617.30 Mn
Dec 31, 2023 617.30 Mn