KPIs & Operating Metrics(New)
Growth Metrics

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

American Tower recorded quarterly Free Cash Flow of $951.1 million in Q1 2026, up 12.12% quarter-over-quarter from $848.3 million in Q4 2025, and down 1.33% year-over-year from $963.9 million in Q1 2025.

American Tower's Free Cash Flow history runs 18 years deep, the most recent figure standing at $951.1 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 1.33% year-over-year to $951.1 million; the TTM figure through Mar 2026 stood at $3.8 billion (changed 0.18% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $775.4 million and a median of $848.3 million in 2025 frame the typical range for Free Cash Flow.
  • On a YoY basis, Free Cash Flow climbed as much as 140.66% in 2022 and fell as far as 73.46% in 2022.
  • American Tower's Free Cash Flow stood at $526.8 million in 2022, then advanced by 17.18% to $617.3 million in 2023, then gained by 22.4% to $755.6 million in 2024, then climbed by 12.27% to $848.3 million in 2025, then increased by 12.12% to $951.1 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $951.1 million, $848.3 million, and $994.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Equinix 106.10 Bn 103.07 Bn 2.20 Bn 594.00 Mn
2 American Tower 85.70 Bn 92.20 Bn 2.70 Bn 951.10 Mn
3 Digital Realty Trust 67.00 Bn 66.16 Bn - -337.62 Mn
4 Crown Castle 40.17 Bn 40.12 Bn 984.00 Mn 452.00 Mn
5 Iron Mountain 37.80 Bn 37.83 Bn 1.05 Bn 36.65 Mn
6 Sba Communications 21.99 Bn 22.08 Bn 532.10 Mn 206.69 Mn
7 Weyerhaeuser 16.98 Bn 16.68 Bn 318.00 Mn 29.00 Mn
8 Lamar Advertising 15.51 Bn 15.46 Bn 403.56 Mn 208.30 Mn
9 Gaming & Leisure Properties 13.46 Bn 13.86 Bn - 158.75 Mn
10 OUTFRONT Media 5.85 Bn 5.81 Bn 202.10 Mn 72.00 Mn

Historic Data

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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
Sep 30, 2023 909.90 Mn
Sep 30, 2023 909.90 Mn
Jun 30, 2023 788.50 Mn
Jun 30, 2023 788.50 Mn
Mar 31, 2023 608.60 Mn
Mar 31, 2023 608.60 Mn
Dec 31, 2022 526.80 Mn
Dec 31, 2022 526.80 Mn
Sep 30, 2022 473.10 Mn
Sep 30, 2022 473.10 Mn
Jun 30, 2022 545.20 Mn
Jun 30, 2022 545.20 Mn
Mar 31, 2022 277.50 Mn
Mar 31, 2022 277.50 Mn
Dec 31, 2021 218.90 Mn
Dec 31, 2021 218.90 Mn
Sep 30, 2021 1.78 Bn
Sep 30, 2021 1.78 Bn
Jun 30, 2021 674.00 Mn
Jun 30, 2021 674.00 Mn
Mar 31, 2021 767.90 Mn
Mar 31, 2021 767.90 Mn
Dec 31, 2020 769.40 Mn
Dec 31, 2020 769.40 Mn
Sep 30, 2020 716.40 Mn
Sep 30, 2020 716.40 Mn
Jun 30, 2020 778.30 Mn
Jun 30, 2020 778.30 Mn
Mar 31, 2020 585.60 Mn
Mar 31, 2020 585.60 Mn
Dec 31, 2019 727.00 Mn
Dec 31, 2019 727.00 Mn
Sep 30, 2019 676.90 Mn
Sep 30, 2019 676.90 Mn
Jun 30, 2019 793.10 Mn
Jun 30, 2019 793.10 Mn
Mar 31, 2019 564.30 Mn
Mar 31, 2019 564.30 Mn
Dec 31, 2018 960.40 Mn
Dec 31, 2018 960.40 Mn
Sep 30, 2018 567.80 Mn
Sep 30, 2018 567.80 Mn
Jun 30, 2018 713.60 Mn
Jun 30, 2018 713.60 Mn
Mar 31, 2018 593.30 Mn
Mar 31, 2018 593.30 Mn
Dec 31, 2017 641.10 Mn
Dec 31, 2017 641.10 Mn
Sep 30, 2017 480.30 Mn
Sep 30, 2017 480.30 Mn
Jun 30, 2017 591.20 Mn
Jun 30, 2017 591.20 Mn
Mar 31, 2017 510.10 Mn
Mar 31, 2017 510.10 Mn
Dec 31, 2016 515.94 Mn
Dec 31, 2016 515.94 Mn
Sep 30, 2016 511.37 Mn
Sep 30, 2016 511.37 Mn
Jun 30, 2016 582.60 Mn
Jun 30, 2016 582.60 Mn
Mar 31, 2016 409.29 Mn
Mar 31, 2016 409.29 Mn
Dec 31, 2015 412.50 Mn
Dec 31, 2015 412.50 Mn
Sep 30, 2015 300.26 Mn
Sep 30, 2015 300.26 Mn
Jun 30, 2015 241.91 Mn
Jun 30, 2015 241.91 Mn
Mar 31, 2015 483.43 Mn
Mar 31, 2015 483.43 Mn
Dec 31, 2014 313.93 Mn
Dec 31, 2014 313.93 Mn
Sep 30, 2014 240.12 Mn
Sep 30, 2014 240.12 Mn
Jun 30, 2014 343.44 Mn
Jun 30, 2014 343.44 Mn
Mar 31, 2014 262.69 Mn
Mar 31, 2014 262.69 Mn
Dec 31, 2013 178.32 Mn
Dec 31, 2013 178.32 Mn
Sep 30, 2013 192.28 Mn
Sep 30, 2013 192.28 Mn
Jun 30, 2013 233.79 Mn
Jun 30, 2013 233.79 Mn
Mar 31, 2013 270.13 Mn
Mar 31, 2013 270.13 Mn
Dec 31, 2012 106.82 Mn
Dec 31, 2012 106.82 Mn
Sep 30, 2012 203.05 Mn
Sep 30, 2012 203.05 Mn
Jun 30, 2012 255.49 Mn
Jun 30, 2012 255.49 Mn
Mar 31, 2012 280.99 Mn
Mar 31, 2012 280.99 Mn
Dec 31, 2011 190.02 Mn
Dec 31, 2011 190.02 Mn
Sep 30, 2011 -114.92 Mn
Sep 30, 2011 -114.92 Mn
Jun 30, 2011 292.93 Mn
Jun 30, 2011 292.93 Mn
Mar 31, 2011 274.90 Mn
Mar 31, 2011 274.90 Mn
Dec 31, 2010 128.17 Mn
Dec 31, 2010 128.17 Mn
Sep 30, 2010 31.96 Mn
Sep 30, 2010 31.96 Mn
Jun 30, 2010 315.59 Mn
Jun 30, 2010 315.59 Mn
Mar 31, 2010 198.59 Mn
Mar 31, 2010 198.59 Mn
Dec 31, 2009 124.89 Mn
Dec 31, 2009 124.89 Mn
Sep 30, 2009 171.48 Mn
Sep 30, 2009 171.48 Mn
Jun 30, 2009 139.38 Mn
Jun 30, 2009 139.38 Mn
Mar 31, 2009 156.11 Mn
Mar 31, 2009 156.11 Mn