American Tower (AMT) Gross Margin (2009 - 2026)
American Tower (AMT) reported Gross Margin of 98.59% for Q1 2026, down 4.0% on a YoY basis from 102.7% in Q1 2025, and little changed sequentially from 98.64% in Q4 2025.
American Tower (AMT) Gross Margin (2009 - 2026) Analysis & Trends
American Tower (AMT) has 18 years of Gross Margin data on file, last reported at 98.59% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 4.0% year-over-year to 98.59%; the trailing twelve-month figure through Mar 2026 stood at 98.36% (down 53.0% YoY), and the FY2025 full-year result was 98.37%, down 72.0% from the prior year.
- Gross Margin was little changed at 98.59% in Q1 2026, 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 surged 860 bps in 2022 and tumbled 408 bps in 2023, its largest moves.
- Tracing AMT's Gross Margin over 5 years: stood at 99.46% in 2022, then advanced by 0 bps to 99.54% in 2023, then retreated by 1 bps to 98.75% in 2024, then dropped by 0 bps to 98.64% in 2025, then dropped by 0 bps to 98.59% in 2026.
- Business Quant data shows AMT's Gross Margin at 98.59% in Q1 2026, 98.64% in Q4 2025, and 98.02% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 51.47% |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 54.04% |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 46.94% |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 65.28% |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | - |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 16.78% |
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% |