American Tower (AMT) Gross Margin (2009 - 2026)
American Tower (AMT) posted Gross Margin of 98.85% for Q3 2026, up 0.83 percentage points from 98.02% a year earlier and up 0.07 percentage points from the prior quarter.
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Analysis
American Tower (AMT) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at American Tower was 98.72%, up 0.33 percentage points year-over-year; for FY2025, it was 98.37%, down 0.72 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -1.17 percentage points (FY2020 to FY2025).
- In prior years, American Tower's Gross Margin was 99.09% in FY2024 (-0.31 pp), 99.40% in FY2023 (+0.51 pp), 98.89% in FY2022 (-0.08 pp) and 98.97% in FY2021 (-0.57 pp).
- The Q3 2026 figure stands as the highest quarterly Gross Margin since Q3 2024.
- On a year-over-year basis, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.28 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2023, with a gain of 0.94 percentage points; the weakest was Q3 2025, with a drop of 0.99 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 98.79% (Q2 2026), 98.59% (Q1 2026) and 98.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Digital Realty Trust | 67.83 Bn | 60.88 Bn | - | - |
| 2 | Crown Castle | 38.07 Bn | 36.74 Bn | 982.00 Mn | 98.69% |
| 3 | Sba Communications | 19.99 Bn | 18.63 Bn | 542.40 Mn | 75.97% |
| 4 | Lamar Advertising | 16.59 Bn | 16.38 Bn | - | - |
| 5 | OUTFRONT Media | 5.79 Bn | 5.55 Bn | 268.20 Mn | 52.48% |
| 6 | American Tower | 2.96 Bn | 2.48 Bn | 2.70 Bn | 98.59% |
| 7 | IHS Holding | 2.85 Bn | -1.91 Bn | 260.10 Mn | 53.03% |
| 8 | Array Digital Infrastructure | 2.50 Bn | 1.49 Bn | 30.52 Mn | 56.66% |
| 9 | Fermi | 982.70 Mn | 121.14 Mn | - | - |
| 10 | Blackstone Digital Infrastructure Trust | 836.62 Mn | -1.11 Bn | - | - |
Historic Data
Download Data
Historic 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 | 99.24% |
| Dec 31, 2022 | 98.60% |
| Sep 30, 2022 | 98.96% |
| Jun 30, 2022 | 98.92% |
| Mar 31, 2022 | 98.95% |
| Dec 31, 2021 | 98.76% |
| Sep 30, 2021 | 98.74% |
| Jun 30, 2021 | 98.93% |
API Access
American Tower Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();