KPIs & Operating Metrics(New)
Growth Metrics

American Tower (AMT) Gross Margin (2016 - 2026)

American Tower (AMT) has disclosed Gross Margin for 17 consecutive years, with 98.64% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 11.0% to 98.64% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 98.37% through Dec 2025, down 72.0% year-over-year, with the annual reading at 98.37% for FY2025, 72.0% down from the prior year.
  • Gross Margin hit 98.64% in Q4 2025 for American Tower, up from 98.02% 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 90.87% in Q4 2021.
  • Historically, Gross Margin has averaged 98.11% across 5 years, with a median of 98.7% in 2024.
  • Biggest five-year swings in Gross Margin: skyrocketed 860bps in 2022 and later tumbled -408bps in 2023.
  • Year by year, Gross Margin stood at 90.87% in 2021, then grew by 9bps to 99.46% in 2022, then increased by 0bps to 99.54% in 2023, then dropped by -1bps to 98.75% in 2024, then dropped by 0bps to 98.64% in 2025.
  • Business Quant data shows Gross Margin for AMT at 98.64% in Q4 2025, 98.02% in Q3 2025, and 98.17% in Q2 2025.