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| Date | Value |
|---|---|
| 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 |