American Tower (AMT) Gross Margin (2009 - 2026)
American Tower (AMT) posted Gross Margin of 98.79% for Q2 2026, little changed sequentially from 98.59% in Q1 2026, and up 62.0% YoY from 60.98% in Q2 2025.
American Tower (AMT) Gross Margin (2009 - 2026) Analysis & Trends
American Tower has reported Gross Margin for 18 years, with the latest figure at 98.79% in Q2 2026.
- Quarterly Gross Margin rose 62.0% year-over-year to 98.79% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 98.51% (down 13.0% YoY) and the FY2025 annual result came in at 98.37%, down 72.0% from the prior year.
- Gross Margin held at 98.79% in Q2 2026 per AMT's latest filing, from 98.59% in the prior quarter.
- Over five years, Gross Margin peaked at 99.54% in Q4 2023 and troughed at 94.94% in Q1 2023.
- A 5-year average of 98.68% and a median of 98.9% in 2026 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 860 bps in 2022, then sank 408 bps in 2023.
- Over 5 years, Gross Margin stood at 99.46% in 2022, then increased by 0 bps to 99.54% in 2023, then dropped by 1 bps to 98.75% in 2024, then retreated by 0 bps to 98.64% in 2025, then increased by 0 bps to 98.79% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 98.79%, 98.59%, and 98.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 53.14% |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 98.79% |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | - |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 52.76% |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 98.12% |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 75.39% |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 16.66% |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 68.51% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | - |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 19.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 98.79% |
| 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% |