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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

American Tower (AMT) Gross Margin (2016 - 2025)

American Tower's Gross Margin history spans 17 years, with the latest figure at 98.64% for Q4 2025.

  • For Q4 2025, Gross Margin fell 11.0% year-over-year to 98.64%; the TTM value through Dec 2025 reached 98.37%, down 72.0%, while the annual FY2025 figure was 98.37%, 72.0% down from the prior year.
  • Gross Margin for Q4 2025 was 98.64% at American Tower, up from 98.02% in the prior quarter.
  • Across five years, Gross Margin topped out at 106.37% in Q4 2023 and bottomed at 90.87% in Q4 2021.
  • The 5-year median for Gross Margin is 98.7% (2024), against an average of 98.45%.
  • The largest annual shift saw Gross Margin soared 860bps in 2022 before it tumbled -762bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 90.87% in 2021, then rose by 9bps to 99.46% in 2022, then increased by 7bps to 106.37% in 2023, then fell by -7bps to 98.75% in 2024, then fell by 0bps to 98.64% in 2025.
  • Per Business Quant, the three most recent readings for AMT's Gross Margin are 98.64% (Q4 2025), 98.02% (Q3 2025), and 98.17% (Q2 2025).