American Tower (AMT) Goodwill (2009 - 2026)
American Tower (AMT) reported Goodwill of $12.13 billion for Q3 2026, down 1.0% from $12.26 billion a year earlier and down 0.4% from the prior quarter.
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Analysis
American Tower (AMT) Goodwill (2009 - 2026) Analysis & Trends
At the end of FY2025, American Tower posted Goodwill of $12.26 billion, up 4.1% from FY2024.
- Goodwill has a five-year compound annual growth rate of 11.0% (FY2020 to FY2025).
- By year, Goodwill came in at $11.77 billion in FY2024 (-2.6%), $12.08 billion in FY2023 (+0.1%), $12.08 billion in FY2022 (-9.6%) and $13.35 billion in FY2021 (+83.3%).
- The Q3 2026 figure ranks as the lowest quarterly Goodwill since Q1 2025.
- Year over year, Goodwill gained in three of the last eight quarters, with an average decline of 0.4%.
- The high point for year-over-year Goodwill in five years was Q4 2021 (growth of 83.3%); the low point was Q4 2022 (a decline of 9.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $12.18 billion (Q2 2026), $12.19 billion (Q1 2026) and $12.26 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 86.72 Bn | 80.00 Bn | 2.75 Bn |
| 2 | Digital Realty Trust | 67.98 Bn | 59.43 Bn | - |
| 3 | Crown Castle | 37.11 Bn | 35.78 Bn | 982.00 Mn |
| 4 | Sba Communications | 19.86 Bn | 18.40 Bn | 542.40 Mn |
| 5 | Lamar Advertising | 16.11 Bn | 15.92 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 5.53 Bn | 5.27 Bn | 276.40 Mn |
| 7 | IHS Holding | 2.84 Bn | -723.51 Mn | 207.10 Mn |
| 8 | Array Digital Infrastructure | 2.59 Bn | 1.48 Bn | 30.57 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn |
| 10 | Fermi | 1.03 Bn | 171.55 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.13 Bn |
| Jun 30, 2026 | 12.18 Bn |
| Mar 31, 2026 | 12.19 Bn |
| Dec 31, 2025 | 12.26 Bn |
| Sep 30, 2025 | 12.26 Bn |
| Jun 30, 2025 | 12.25 Bn |
| Mar 31, 2025 | 11.92 Bn |
| Dec 31, 2024 | 11.77 Bn |
| Sep 30, 2024 | 12.05 Bn |
| Jun 30, 2024 | 12.48 Bn |
| Mar 31, 2024 | 12.56 Bn |
| Dec 31, 2023 | 12.08 Bn |
| Sep 30, 2023 | 12.57 Bn |
| Jun 30, 2023 | 13.05 Bn |
| Mar 31, 2023 | 13.00 Bn |
| Dec 31, 2022 | 12.08 Bn |
| Sep 30, 2022 | 12.69 Bn |
| Jun 30, 2022 | 12.97 Bn |
| Mar 31, 2022 | 13.31 Bn |
| Dec 31, 2021 | 13.35 Bn |
API Access
American Tower Goodwill 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=goodwill&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();