American Tower (AMT) Return on Capital Employed (2009 - 2026)
American Tower recorded quarterly Return on Capital Employed of 9.03% in Q1 2026, up 5.53% quarter-over-quarter from 8.56% in Q4 2025, and up 65.0% year-over-year from 5.47% in Q1 2025.
American Tower's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 9.03% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 65.0% year-over-year to 9.03%; the TTM figure through Mar 2026 stood at 9.03% (up 65.0% YoY), while the FY2025 annual figure was 8.78%, up 78.0% from the prior year.
- Return on Capital Employed came in at 9.03% for Q1 2026 at American Tower, up from 8.56% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 9.03% in Q1 2026 to a low of 4.59% in Q3 2022.
- A 5-year average of 6.41% and a median of 5.9% in 2024 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed tumbled 194 bps in 2022 and surged 290 bps in 2024, its largest moves.
- American Tower's Return on Capital Employed stood at 4.68% in 2022, then climbed by 14 bps to 5.33% in 2023, then jumped by 54 bps to 8.23% in 2024, then rose by 4 bps to 8.56% in 2025, then grew by 6 bps to 9.03% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 9.03%, 8.56%, and 8.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 5.47% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 9.03% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | - |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 7.55% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 7.00% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 16.27% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 5.17% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 12.72% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | - |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 7.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.03% |
| Dec 31, 2025 | 8.56% |
| Sep 30, 2025 | 8.24% |
| Jun 30, 2025 | 8.19% |
| Mar 31, 2025 | 8.38% |
| Dec 31, 2024 | 8.23% |
| Sep 30, 2024 | 7.07% |
| Jun 30, 2024 | 6.44% |
| Mar 31, 2024 | 5.90% |
| Dec 31, 2023 | 5.33% |
| Sep 30, 2023 | 5.20% |
| Jun 30, 2023 | 4.72% |
| Mar 31, 2023 | 4.64% |
| Dec 31, 2022 | 4.68% |
| Sep 30, 2022 | 4.59% |
| Jun 30, 2022 | 4.82% |
| Mar 31, 2022 | 5.00% |
| Dec 31, 2021 | 5.58% |
| Sep 30, 2021 | 5.97% |
| Jun 30, 2021 | 6.67% |
| Mar 31, 2021 | 6.95% |
| Dec 31, 2020 | 7.10% |
| Sep 30, 2020 | 7.52% |
| Jun 30, 2020 | 8.00% |
| Mar 31, 2020 | 7.67% |
| Dec 31, 2019 | 7.56% |
| Sep 30, 2019 | 7.02% |
| Jun 30, 2019 | 6.60% |
| Mar 31, 2019 | 6.71% |
| Dec 31, 2018 | 6.72% |
| Sep 30, 2018 | 6.46% |
| Jun 30, 2018 | 6.29% |
| Mar 31, 2018 | 5.54% |
| Dec 31, 2017 | 6.61% |
| Sep 30, 2017 | 7.20% |
| Jun 30, 2017 | 7.21% |
| Mar 31, 2017 | 6.84% |
| Dec 31, 2016 | 6.36% |
| Sep 30, 2016 | 6.05% |
| Jun 30, 2016 | 6.19% |
| Mar 31, 2016 | 6.38% |
| Dec 31, 2015 | 6.27% |
| Sep 30, 2015 | 6.15% |
| Jun 30, 2015 | 6.12% |
| Mar 31, 2015 | 7.10% |
| Dec 31, 2014 | 7.83% |
| Sep 30, 2014 | 7.63% |
| Jun 30, 2014 | 7.38% |
| Mar 31, 2014 | 6.66% |
| Dec 31, 2013 | 6.65% |
| Sep 30, 2013 | 7.78% |
| Jun 30, 2013 | 8.72% |
| Mar 31, 2013 | 8.46% |
| Dec 31, 2012 | 8.68% |
| Sep 30, 2012 | 9.08% |
| Jun 30, 2012 | 8.68% |
| Mar 31, 2012 | 8.49% |
| Dec 31, 2011 | 8.53% |
| Sep 30, 2011 | 9.16% |
| Jun 30, 2011 | 9.01% |
| Mar 31, 2011 | 8.46% |
| Mar 31, 2010 | 8.58% |
| Dec 31, 2009 | 8.34% |
| Sep 30, 2009 | 8.01% |