Company Analysis

American Tower Corporation (AMT)

NYSE: AMT · Real Estate Investment Trusts · Boston, MA · filing with the SEC since 1998
Grade5.8
◀ Past 6.9● Present 5.4▶ Future 5.6

The grade of American Tower Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past6.925% of the headline
● Present5.445% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

American Tower Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.7/10

What has it actually done, year after year?

+6% a year over 9 filed years; profitable in 9 of 9.

weight 33% of this tense · 77th percentile among 156 sector filers · read for its customers

From the record

American Tower Corporation's 9 filed years say what it did: revenue went from $6.7 billion in fiscal 2017 to $11 billion in fiscal 2025, up 6% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.0%bottom 48% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.5/10

How has it treated the people who own it?

Share count grew 0.4% a year. 62% of cash flow returned. Insiders: 22 sales, 6 purchases.

weight 22% of this tense · 55th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, American Tower Corporation's diluted share count grew about 0.4% a year, and dividends and buybacks returned about 62% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 22 sales (19 under scheduled 10b5-1 plans) and 6 purchases of their own stock on the open market in the year to 2026-11-03, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 33% of its family
  • cash returned against operating cash flowbottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 25%: 25¢ of profit per shareholder dollar. Leverage 84%: owes 84¢ per asset dollar.

weight 45% of this tense · 62nd percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, American Tower Corporation earned about 25 cents of profit for every dollar of shareholders' money. Leverage: it owed about 84 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 22% of its family
  • return on equitytop 6% of its family
  • the share count against the year beforetop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 157 in its family; net margin 24.7%.

weight 33% of this tense · 68th percentile among 157 sector filers · read for its customers

From the record

American Tower Corporation's standing among 157 graded names in its industry family: revenue of $11 billion in fiscal 2025 ranks in the top 1% by size; a net margin of 24.7% ranks in the top 35%; revenue growth of 3.3% a year over the last 3 filed years ranks in the bottom 40% (its annual reports).

What it rests on

  • revenue against the family$10.64Btop 1% of its family
  • net margin24.7%top 35% of its family
  • three-year revenue growth3.3%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.5/10

What are the people in charge doing?

bottom 15% of 160 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 15th percentile among 160 sector filers · read for its shareholders

From the record

American Tower Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Vondran, Steven O (President and CEO, as filed), filing under that title since 2024-03-01, 2.7 years (bottom 19% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 4.9 years (bottom 15%); 17 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (bottom 10%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge17 in three years among 21 peoplebottom 10% of its family
  • the median years the people in charge have filed4.9 yearsbottom 15% of its family
  • the chief executive's years on the record2.7 yearsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.7/10

How much room does it have to grow?

bottom 37% of 146 in its family for room to expand.

weight 22% of this tense · 37th percentile among 146 sector filers · read for itself

From the record

American Tower Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $1.5 billion against debt of $34 billion leaves -51.2% of its assets as net cash, bottom 23% of its family; cash from operations less capital spending is 35.5% of revenue (top 49%) (its annual report).

What it rests on

  • cash less debt against assets-51.2%bottom 23% of its family
  • cash from operations less capital spending against revenue35.5%top 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.7/10

What could actually drive growth from here?

bottom 47% of 153 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 153 sector filers · read for its customers

From the record

American Tower Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 3.3% a year over the last three filed years against 6% over all 9, slowing (bottom 41% of its family); the newest year grew 5.1% (top 39%); capital spending grew -3.6% a year (bottom 40%) (its annual reports). American Tower Corporation reported 5 lines of business in fiscal 2025: Property US and Canada at $5.6 billion (53%), Property Latin America at $1.6 billion (15%), Property Africa APAC at $1.4 billion (13%), and 2 more; 4 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-2.7 points a yearbottom 41% of its family
  • the newest year's revenue growth5.1%top 39% of its family
  • three-year growth of capital spending-3.6%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.1/10

Did its newest year beat what its own record pointed to?

top 29% of 150 in its family for expectations against reality.

weight 45% of this tense · 71st percentile among 150 sector filers · read for its shareholders

From the record

American Tower Corporation's newest year against its own record: revenue of $11 billion in fiscal 2025 came in 2.6% above the $10 billion its prior three years' pace pointed to (top 26% of its family); net income of $2.6 billion against a prior three-year average of $1.8 billion (top 32%); a net margin of 24.7% against 17.9% before (top 28%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.6%top 26% of its family
  • net income against the prior three years' average+48%top 32% of its family
  • net margin against its prior average+6.8 pointstop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AMT · research, not advice