American Tower (AMT) Net Margin (2009 - 2026)
American Tower's Net Margin came in at 31.56% for Q2 2026, up 17.59 percentage points from 13.96% a year earlier and up 0.16 percentage points from the prior quarter.
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Analysis
American Tower (AMT) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, American Tower reported Net Margin of 31.08%, up 18.48 percentage points year-over-year; for FY2025, it came in at 23.76%, up 1.50 percentage points from FY2024.
- Net Margin carries a five-year change of +2.74 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 22.27% in FY2024 (+7.45 pp), 14.81% in FY2023 (-3.49 pp), 18.31% in FY2022 (-9.13 pp) and 27.44% in FY2021 (+6.42 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q4 2024.
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +3.21 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2025 (a gain of 62.81 percentage points), and the weakest in Q4 2022 (a drop of 59.76 percentage points).
- Business Quant data shows AMT's Net Margin at 31.40% (Q1 2026), 29.98% (Q4 2025) and 31.40% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 31.56% |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 23.03% |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 9.33% |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 27.79% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 26.05% |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 14.83% |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 663.39% |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | -2.05% |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | -1.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.56% |
| 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 | 36.51% |
| Dec 31, 2023 | 3.46% |
| Sep 30, 2023 | 23.28% |
| Jun 30, 2023 | 18.92% |
| Mar 31, 2023 | 13.32% |
| Dec 31, 2022 | -41.71% |
| Sep 30, 2022 | 31.43% |
| Jun 30, 2022 | 33.59% |
| Mar 31, 2022 | 26.75% |
| Dec 31, 2021 | 18.04% |
| Sep 30, 2021 | 29.46% |
API Access
American Tower Net 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=net-margin&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();