American Tower (AMT) Return on Capital Employed [ROCE] (2009 - 2026)
American Tower (AMT) reported Return on Capital Employed [ROCE] of 9.01% for Q2 2026, up 0.82 percentage points from 8.19% a year earlier but down 0.02 percentage points from the prior quarter.
Powered by 
Analysis
American Tower (AMT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, American Tower posted Return on Capital Employed [ROCE] of 8.78%, up 0.78 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for three consecutive years, with a five-year change of +1.79 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 8.00% in FY2024 (+2.73 pp), 5.27% in FY2023 (+0.72 pp), 4.55% in FY2022 (-1.78 pp) and 6.33% in FY2021 (-0.65 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 4.59% in Q3 2022 and a high of 9.03% in Q1 2026.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last 12 quarters, with an average year-over-year change of +1.49 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2024 (a gain of 2.90 percentage points); the low point was Q1 2022 (a drop of 1.94 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 9.03% (Q1 2026), 8.56% (Q4 2025) and 8.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 75.57 Bn | 75.31 Bn | 2.72 Bn | 9.01% |
| 2 | Digital Realty Trust | 66.06 Bn | 56.59 Bn | - | - |
| 3 | Crown Castle | 28.31 Bn | 27.05 Bn | 989.00 Mn | 8.56% |
| 4 | Sba Communications | 16.81 Bn | 16.90 Bn | 539.27 Mn | 18.50% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 11.99% |
| 6 | OUTFRONT Media | 5.05 Bn | 4.82 Bn | 276.40 Mn | 8.53% |
| 7 | Array Digital Infrastructure | 2.97 Bn | 1.87 Bn | 30.57 Mn | 16.07% |
| 8 | IHS Holding | 2.79 Bn | -67.81 Mn | 207.10 Mn | 20.60% |
| 9 | Fermi | 2.57 Bn | 1.71 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 503.54 Mn | 241.86 Mn | 10.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.01% |
| 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% |
API Access
American Tower Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();