American Tower (AMT) Invested Capital (2009 - 2026)
American Tower (AMT) reported Invested Capital of $47.44 billion for Q2 2026, down 1.1% from $47.96 billion a year earlier and down 0.1% from the prior quarter.
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Analysis
American Tower (AMT) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, American Tower posted Invested Capital of $47.58 billion, up 3.1% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- By year, Invested Capital came in at $46.15 billion in FY2024 (-7.1%), $49.67 billion in FY2023 (-2.8%), $51.08 billion in FY2022 (-2.4%) and $52.32 billion in FY2021 (+54.5%).
- The Q2 2026 figure ranks as the lowest quarterly Invested Capital since Q1 2025.
- Year over year, Invested Capital gained in three of the last eight quarters, with an average decline of 2.0%.
- The high point for year-over-year Invested Capital in five years was Q1 2022 (growth of 56.6%); the low point was Q4 2024 (a decline of 7.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $47.47 billion (Q1 2026), $47.58 billion (Q4 2025) and $48 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 47.44 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 43.89 Bn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 14.97 Bn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 8.10 Bn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 4.51 Bn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 3.22 Bn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 1.95 Bn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 2.93 Bn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 1.55 Bn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 1.65 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.44 Bn |
| Mar 31, 2026 | 47.47 Bn |
| Dec 31, 2025 | 47.58 Bn |
| Sep 30, 2025 | 48.00 Bn |
| Jun 30, 2025 | 47.96 Bn |
| Mar 31, 2025 | 46.80 Bn |
| Dec 31, 2024 | 46.15 Bn |
| Sep 30, 2024 | 47.29 Bn |
| Jun 30, 2024 | 49.39 Bn |
| Mar 31, 2024 | 49.92 Bn |
| Dec 31, 2023 | 49.67 Bn |
| Sep 30, 2023 | 49.83 Bn |
| Jun 30, 2023 | 50.80 Bn |
| Mar 31, 2023 | 50.79 Bn |
| Dec 31, 2022 | 51.08 Bn |
| Sep 30, 2022 | 50.65 Bn |
| Jun 30, 2022 | 51.57 Bn |
| Mar 31, 2022 | 52.72 Bn |
| Dec 31, 2021 | 52.32 Bn |
| Sep 30, 2021 | 43.02 Bn |
API Access
American Tower Invested Capital 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=invested-capital&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();