American Tower (AMT) Return on Invested Capital [ROIC] (2009 - 2026)
American Tower (AMT) recorded Return on Invested Capital [ROIC] of 9.06% in Q3 2026, up 0.19 percentage points from 8.87% a year earlier but down 0.15 percentage points from the prior quarter.
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Analysis
American Tower (AMT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, American Tower reported Return on Invested Capital [ROIC] of 8.93%, up 0.45 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three straight years, with a five-year change of +0.47 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 8.47% in FY2024 (+2.64 pp), 5.84% in FY2023 (+0.83 pp), 5.01% in FY2022 (-1.59 pp) and 6.60% in FY2021 (-1.86 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 4.93% in Q2 2023 to 9.21% in Q2 2026 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for 13 consecutive quarters, with an average year-over-year change of +1.14 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 2.83 percentage points in Q4 2024, against a drop of 2.86 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 9.21% (Q2 2026), 8.88% (Q1 2026) and 8.76% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 88.16 Bn | 81.45 Bn | 2.75 Bn | 9.06% |
| 2 | Digital Realty Trust | 64.06 Bn | 55.52 Bn | - | 0.42% |
| 3 | Crown Castle | 37.63 Bn | 36.30 Bn | 982.00 Mn | 12.90% |
| 4 | Sba Communications | 20.14 Bn | 18.68 Bn | 542.40 Mn | 14.35% |
| 5 | Lamar Advertising | 16.21 Bn | 16.01 Bn | 422.53 Mn | 16.13% |
| 6 | OUTFRONT Media | 5.62 Bn | 5.35 Bn | 276.40 Mn | 12.10% |
| 7 | IHS Holding | 2.83 Bn | -731.89 Mn | 207.10 Mn | 20.48% |
| 8 | Array Digital Infrastructure | 2.63 Bn | 1.52 Bn | 30.57 Mn | 19.26% |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn | 17.66% |
| 10 | Fermi | 1.07 Bn | 212.33 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.06% |
| Jun 30, 2026 | 9.21% |
| Mar 31, 2026 | 8.88% |
| Dec 31, 2025 | 8.76% |
| Sep 30, 2025 | 8.87% |
| Jun 30, 2025 | 8.38% |
| Mar 31, 2025 | 8.78% |
| Dec 31, 2024 | 8.69% |
| Sep 30, 2024 | 7.32% |
| Jun 30, 2024 | 7.06% |
| Mar 31, 2024 | 6.59% |
| Dec 31, 2023 | 5.86% |
| Sep 30, 2023 | 5.36% |
| Jun 30, 2023 | 4.93% |
| Mar 31, 2023 | 4.97% |
| Dec 31, 2022 | 5.09% |
| Sep 30, 2022 | 5.17% |
| Jun 30, 2022 | 5.35% |
| Mar 31, 2022 | 5.29% |
| Dec 31, 2021 | 5.96% |
API Access
American Tower Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=AMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=AMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();