American Tower Corporation (AMT) — Financial statements
Income statement, balance sheet, and cash flow for American Tower Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 10,645↑5.1% | 10,127↑1.1% | 10,012↑3.8% | 9,645↑3.1% | 9,357 | |
| Cost of Revenue | 2,802↑8.8% | 2,574↑0.5% | 2,562↓0.3% | 2,569↓4.2% | 2,682 | |
| Gross Profit | 7,844↑3.9% | 7,553↑1.4% | 7,451↑5.3% | 7,076↑6.0% | 6,675 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 944 | 0.00 | 0.00 | 0.00↓100.0% | 812 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 944↑1.2% | 933↓1.3% | 946↑4.9% | 902↑11.2% | 812 | |
| Other Expenses | 2,019↓4.0% | 2,103↓37.8% | 3,379↓1.6% | 3,436↑25.8% | 2,731 | |
| Operating Expenses | 2,963↓2.4% | 3,036↓29.8% | 4,325↓0.3% | 4,338↑22.4% | 3,543 | |
| Total Costs & Expenses | 5,765↑2.7% | 5,611↓18.5% | 6,887↓0.3% | 6,907↑11.0% | 6,225 | |
| Operating Results | ||||||
| Operating Income | 4,881↑8.1% | 4,517↑44.5% | 3,126↑14.1% | 2,739↓12.6% | 3,132 | |
| Depreciation & Amortization | 2,061↓3.0% | 2,125↓31.2% | 3,087↓8.0% | 3,355↑43.8% | 2,333 | |
| EBITDA | 6,123↓14.4% | 7,154↑19.2% | 6,004↓8.7% | 6,577↑9.0% | 6,033 | |
| EBIT | 4,062↓19.2% | 5,029↑72.4% | 2,918↓9.5% | 3,222↓12.9% | 3,700 | |
| Interest & Other Income | ||||||
| Net Interest Income | -924↑27.2% | -1,269↑0.0% | -1,270↓16.8% | -1,087↓30.9% | -831 | |
| Interest Income | 94↓30.8% | 135↑14.0% | 119↑141.5% | 49↑21.5% | 40 | |
| Interest Expense | 1,018↓27.5% | 1,405↑1.2% | 1,388↑22.2% | 1,136↑30.4% | 871 | |
| Non-Operating Income | 819↑259.6% | -513↓346.5% | 208↑143.0% | -483↑14.9% | -568 | |
| Other Income / Expenses | -1,836↓105.9% | -892↑44.1% | -1,596↓144.6% | -653↓115.7% | -303 | |
| Income Before Tax | 3,044↓16.0% | 3,625↑137.0% | 1,529↓26.7% | 2,086↓26.3% | 2,829 | |
| Income Tax Expense | 416↑13.5% | 366↑303.4% | 91↓19.5% | 113↓56.9% | 262 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,629↓19.3% | 3,259↑126.5% | 1,439↓27.1% | 1,973↓23.2% | 2,568 | |
| Net Income from Discontinued Operations | 0.00↑100.0% | -978↓1270.2% | -71↑74.2% | -277 | 0.00 | |
| Net Income | 2,530↑12.2% | 2,255↑52.0% | 1,483↓16.0% | 1,766↓31.2% | 2,568 | |
| Bottom-Line Net Income | 2,530↑12.2% | 2,255↑52.0% | 1,483↓16.0% | 1,766↓31.2% | 2,568 | |
| EPS (Basic) | 5.40↑11.8% | 4.83↑51.9% | 3.18↓17.0% | 3.83↓32.7% | 5.69 | |
| EPS (Diluted) | 5.39↑11.8% | 4.82↑51.6% | 3.18↓16.8% | 3.82↓32.5% | 5.66 | |
| Weighted Average Shares | 469↑0.5% | 467↑0.2% | 466↑1.0% | 462↑2.2% | 451 | |
| Weighted Average Diluted Shares | 469↑0.2% | 468↑0.2% | 467↑1.0% | 463↑2.1% | 453 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.