American Tower (AMT) Gross Margin (2009 - 2026)
American Tower recorded quarterly Gross Margin of 98.59% in Q1 2026, little changed quarter-over-quarter from 98.64% in Q4 2025, and down 4.0% year-over-year from 102.7% in Q1 2025.
American Tower's Gross Margin history runs 18 years deep, the most recent figure standing at 98.59% for Q1 2026.
- In Q1 2026, Gross Margin fell 4.0% year-over-year to 98.59%; the TTM figure through Mar 2026 stood at 98.36% (down 53.0% YoY), while the FY2025 annual figure was 98.37%, down 72.0% from the prior year.
- Gross Margin came in at 98.59% for Q1 2026 at American Tower, roughly flat from 98.64% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.54% in Q4 2023 to a low of 94.94% in Q1 2023.
- A 5-year average of 98.68% and a median of 99.01% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 860 bps in 2022 and plunged 408 bps in 2023, its largest moves.
- American Tower's Gross Margin stood at 99.46% in 2022, then grew by 0 bps to 99.54% in 2023, then slipped by 1 bps to 98.75% in 2024, then fell by 0 bps to 98.64% in 2025, then fell by 0 bps to 98.59% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 98.59%, 98.64%, and 98.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 90.14% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | - |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 97.43% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 54.04% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 67.72% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | - |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 47.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.59% |
| Dec 31, 2025 | 98.64% |
| Sep 30, 2025 | 98.02% |
| Jun 30, 2025 | 98.17% |
| Mar 31, 2025 | 98.64% |
| Dec 31, 2024 | 98.75% |
| Sep 30, 2024 | 99.01% |
| Jun 30, 2024 | 99.14% |
| Mar 31, 2024 | 99.45% |
| Dec 31, 2023 | 99.54% |
| Sep 30, 2023 | 99.50% |
| Jun 30, 2023 | 99.32% |
| Mar 31, 2023 | 94.94% |
| Dec 31, 2022 | 99.46% |
| Sep 30, 2022 | 98.02% |
| Jun 30, 2022 | 99.26% |
| Mar 31, 2022 | 99.02% |
| Dec 31, 2021 | 90.87% |
| Sep 30, 2021 | 96.53% |
| Jun 30, 2021 | 98.27% |
| Mar 31, 2021 | 97.67% |
| Dec 31, 2020 | 90.67% |
| Sep 30, 2020 | 99.24% |
| Jun 30, 2020 | 98.00% |
| Mar 31, 2020 | 99.29% |
| Dec 31, 2019 | 95.19% |
| Sep 30, 2019 | 98.22% |
| Jun 30, 2019 | 98.48% |
| Mar 31, 2019 | 99.43% |
| Dec 31, 2018 | 77.76% |
| Sep 30, 2018 | 99.24% |
| Jun 30, 2018 | 99.26% |
| Mar 31, 2018 | 90.37% |
| Dec 31, 2017 | 100.59% |
| Sep 30, 2017 | 98.84% |
| Jun 30, 2017 | 98.86% |
| Mar 31, 2017 | 99.62% |
| Dec 31, 2016 | 97.68% |
| Sep 30, 2016 | 99.62% |
| Jun 30, 2016 | 99.05% |
| Mar 31, 2016 | 99.32% |
| Dec 31, 2015 | 97.98% |
| Sep 30, 2015 | 99.25% |
| Jun 30, 2015 | 98.51% |
| Mar 31, 2015 | 99.28% |
| Dec 31, 2014 | 99.31% |
| Sep 30, 2014 | 98.86% |
| Jun 30, 2014 | 98.76% |
| Mar 31, 2014 | 98.99% |
| Dec 31, 2013 | 99.12% |
| Sep 30, 2013 | 99.40% |
| Jun 30, 2013 | 99.07% |
| Mar 31, 2013 | 98.70% |
| Dec 31, 2012 | 98.22% |
| Sep 30, 2012 | 98.97% |
| Jun 30, 2012 | 99.15% |
| Mar 31, 2012 | 98.96% |
| Dec 31, 2011 | 100.78% |
| Sep 30, 2011 | 98.63% |
| Jun 30, 2011 | 98.41% |
| Mar 31, 2011 | 98.67% |
| Dec 31, 2010 | 96.02% |
| Sep 30, 2010 | 98.52% |
| Jun 30, 2010 | 98.93% |
| Mar 31, 2010 | 98.67% |
| Dec 31, 2009 | 99.58% |
| Sep 30, 2009 | 98.32% |
| Jun 30, 2009 | 87.87% |
| Mar 31, 2009 | 98.14% |