The Tip Desk

AMERICAN TOWER CORP /MA/

Company Stats

Market Cap
$76.3B
as of Sep 30, 2026
Shares Outstanding
466.0M
Free Float
99.8%

Income Statement

Revenue
$10.6B
Operating Income
$4.8B
Net Income
$2.6B
EBITDA
$6.9B
Non-cash Impairment
$100.7M
Revenue Growth, 3Y
3.3%
FCF Margin, 3Y Avg
33.8%
FCF Margin, Worst Year
29.2%

Cash Flow

Free Cash Flow
$3.8B
FCF Yield
5.0%
Owner FCF Yield
4.7%

Balance Sheet

Cash & Equivalents
$1.5B

Returns & Capital

Dividends Paid
$3.2B
Dividend Yield
4.2%
Dividend Payout, 3Y Avg
157.9%
Share Repurchases
$364.6M
Buyback Yield, 3Y Avg
0.2%
SBC, 3Y Avg
$191.2M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$10.6B$3.8B35.5%
FY2024$10.1B$3.7B36.5%
FY2023$10.0B$2.9B29.2%
FY2022$9.6B$1.8B18.9%
FY2021$9.4B$3.4B36.8%

Annual filing data through FY ended December 31, 2025; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage