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
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 |
| 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 |