American Tower (AMT) Net Margin (2009 - 2026)
American Tower recorded quarterly Net Margin of 31.4% in Q1 2026, up 4.73% quarter-over-quarter from 29.98% in Q4 2025, and up 1233.0% year-over-year from 2.36% in Q1 2025.
American Tower's Net Margin history runs 18 years deep, the most recent figure standing at 31.4% for Q1 2026.
- In Q1 2026, Net Margin rose 1233.0% year-over-year to 31.4%; the TTM figure through Mar 2026 stood at 26.81% (up 886.0% YoY), while the FY2025 annual figure was 23.76%, down 816.0% from the prior year.
- Net Margin came in at 31.4% for Q1 2026 at American Tower, up from 29.98% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 48.27% in Q4 2024 to a low of 31.41% in Q3 2024.
- A 5-year average of 19.81% and a median of 26.75% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 5469 bps in 2024 and soared 6281 bps in 2025, its largest moves.
- American Tower's Net Margin stood at 24.85% in 2022, then soared by 114 bps to 3.46% in 2023, then surged by 1296 bps to 48.27% in 2024, then plunged by 38 bps to 29.98% in 2025, then rose by 5 bps to 31.4% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 31.4%, 29.98%, and 31.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 16.98% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 31.40% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | 7.66% |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 27.33% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 7.42% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 26.29% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 9.03% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 25.54% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 57.00% |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 4.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.40% |
| Dec 31, 2025 | 29.98% |
| Sep 30, 2025 | 31.40% |
| Jun 30, 2025 | 13.96% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 48.27% |
| Sep 30, 2024 | -31.41% |
| Jun 30, 2024 | 35.38% |
| Mar 31, 2024 | 32.86% |
| Dec 31, 2023 | 3.46% |
| Sep 30, 2023 | 23.28% |
| Jun 30, 2023 | 18.92% |
| Mar 31, 2023 | 13.32% |
| Dec 31, 2022 | -24.85% |
| Sep 30, 2022 | 31.43% |
| Jun 30, 2022 | 33.59% |
| Mar 31, 2022 | 26.75% |
| Dec 31, 2021 | 18.04% |
| Sep 30, 2021 | 29.59% |
| Jun 30, 2021 | 32.53% |
| Mar 31, 2021 | 29.88% |
| Dec 31, 2020 | 17.20% |
| Sep 30, 2020 | 23.07% |
| Jun 30, 2020 | 23.32% |
| Mar 31, 2020 | 20.82% |
| Dec 31, 2019 | 29.25% |
| Sep 30, 2019 | 25.52% |
| Jun 30, 2019 | 22.71% |
| Mar 31, 2019 | 21.91% |
| Dec 31, 2018 | 13.02% |
| Sep 30, 2018 | 20.55% |
| Jun 30, 2018 | 17.22% |
| Mar 31, 2018 | 15.83% |
| Dec 31, 2017 | 12.88% |
| Sep 30, 2017 | 17.75% |
| Jun 30, 2017 | 20.70% |
| Mar 31, 2017 | 17.90% |
| Dec 31, 2016 | 13.15% |
| Sep 30, 2016 | 15.69% |
| Jun 30, 2016 | 11.15% |
| Mar 31, 2016 | 19.27% |
| Dec 31, 2015 | 16.09% |
| Sep 30, 2015 | 6.16% |
| Jun 30, 2015 | 11.01% |
| Mar 31, 2015 | 17.00% |
| Dec 31, 2014 | 16.11% |
| Sep 30, 2014 | 19.25% |
| Jun 30, 2014 | 22.30% |
| Mar 31, 2014 | 20.58% |
| Dec 31, 2013 | 10.61% |
| Sep 30, 2013 | 22.30% |
| Jun 30, 2013 | 12.34% |
| Mar 31, 2013 | 21.35% |
| Dec 31, 2012 | 0.92% |
| Sep 30, 2012 | 32.50% |
| Jun 30, 2012 | 4.83% |
| Mar 31, 2012 | 30.20% |
| Mar 31, 2011 | 16.34% |
| Sep 30, 2010 | 0.00% |
| Jun 30, 2010 | 0.00% |
| Mar 31, 2010 | 0.01% |
| Dec 31, 2009 | 0.00% |
| Sep 30, 2009 | 0.00% |
| Jun 30, 2009 | 30.47% |
| Mar 31, 2009 | 0.75% |