Not investment advice. FilingSight is an automated analytical research tool, not a registered investment advisor. Ratings and scores are quantitative analytical classifications, not buy or sell recommendations. Nothing here is personalized to your circumstances. Investing involves risk of loss — consult a licensed professional. See full disclosures.
American Tower Corp.
AMTReal EstateGenerated Aug 19, 2026, 10:31 PM UTC
AMT (American Tower Corp.) analytical snapshot. Revenue grew +5.1% YoY to $10.64B. Net margin at 24.69% (expanding ▲). Return on equity 71.96%, ROA 4.16%, ROIC 132.67%. Market cap $81.29B at $174.49 per share. Trailing P/E 32.31, P/S 7.64, P/B 23.08. EV/Operating income ≈ 24.47 (EV $118.59B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score 0 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Feb 24, 2026. Latest quarterly report (10-Q) filed Jul 28, 2026. 30 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 24, 2026.
- Latest quarterly report (10-Q) filed Jul 28, 2026.
- 30 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
| Date | Form | Description |
|---|---|---|
| Jul 28, 2026 | 8-K | 8-K |
| Jun 4, 2026 | 8-K | 8-K |
| Jun 2, 2026 | 8-K | 8-K |
| May 27, 2026 | 8-K | 8-K |
| May 21, 2026 | 8-K | 8-K |
| May 19, 2026 | 8-K | 8-K |
| May 7, 2026 | 8-K | 8-K |
| Apr 28, 2026 | 8-K | 8-K |
SEC Filing Deep-Analysis
2 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Revenue grew +5.1% but receivables grew +20.4% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +20.4% YoY vs revenue growth of +5.1%. The +15.3% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 2.08x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Revenue grew +5.1% but receivables grew +20.4% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Material weakness in internal controls.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $10.13B | $10.64B | $517.4M | +5.1% |
| Operating income | $4.52B | $4.85B | $329.3M | +7.3% |
| Net income | $2.28B | $2.63B | $348.3M | +15.3% |
| Operating cash flow | $5.29B | $5.46B | $173.5M | +3.3% |
| Capex | $1.59B | $1.68B | $90.4M | +5.7% |
| Total assets | $61.08B | $63.19B | $2.11B | +3.5% |
| Total liabilities | $51.43B | $52.84B | $1.41B | +2.7% |
| Long-term debt | $43.50B | $38.90B | $-4.60B | -10.6% |
| Cash & equivalents | $2.00B | $1.47B | $-524.8M | -26.2% |
| Stockholders equity | $3.38B | $3.65B | $270.3M | +8.0% |
| Accounts receivable | $540.0M | $650.3M | $110.3M | +20.4% |
| SG&A expense | $933.4M | $940.7M | $7.3M | +0.8% |
| Interest expense | $1.14B | $1.40B | $261.7M | +23.0% |
| Type | Concepts |
|---|---|
| Removed | AllowanceForDoubtfulAccountsReceivableCurrent, AmortizationOfFinancingCostsAndDiscounts, AssetImpairmentCharges, AssetRetirementObligationAccretionExpense, AssetRetirementObligationForeignCurrencyTranslationGainLoss, AssetRetirementObligationLiabilitiesIncurred, AssetRetirementObligationLiabilitiesSettled, AssetRetirementObligationRevisionOfEstimate, BusinessCombinationAcquisitionRelatedCosts, BusinessCombinationIntegrationRelatedCosts |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 5 | 2 | Ongoing |
| Impairment charge | medium | 5 | 5 | Ongoing |
| Related party transactions | low | 5 | 11 | Ongoing |
Fundamentals
Revenue grew +5.1% YoY to $10.64B. Net margin at 24.69% (expanding ▲). Return on equity 71.96%, ROA 4.16%, ROIC 132.67%.
- Revenue grew +5.1% YoY to $10.64B.
- Net margin at 24.69% (expanding ▲).
- Return on equity 71.96%, ROA 4.16%, ROIC 132.67%.
- Gross margin 0.00%, operating margin 45.52%.
- Free cash flow margin 35.54% ($3.78B).
- Net income up ▲ +15.3% YoY.
- Debt/equity 11.04, current ratio 0.30, net debt $37.29B.
- Asset turnover 0.17 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $10.13B | -9.1% | 0.00 | 44.60 | 22.52 | $3.70B | 67.42 |
| 2025 | $10.64B | +5.1% | 0.00 | 45.52 | 24.69 | $3.78B | 71.96 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jun 30, 2024 | $2.54B | -8.2% | — | — |
| Sep 30, 2024 | $2.52B | +0.0% | -0.9% | — |
| Mar 31, 2025 | $2.56B | +2.0% | +1.6% | — |
| Jun 30, 2025 | $2.63B | +3.2% | +2.5% | — |
| Sep 30, 2025 | $2.72B | +7.7% | +3.4% | — |
| Mar 31, 2026 | $2.74B | +6.8% | +0.7% | — |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $81.29B at $174.49 per share. Trailing P/E 32.31, P/S 7.64, P/B 23.08. EV/Operating income ≈ 24.47 (EV $118.59B).
- Market cap $81.29B at $174.49 per share.
Price & Technicals
Price $174.49 — downtrend (below 200-DMA); 1-month momentum positive. RSI(14) 50.05.
- Price $174.49 — downtrend (below 200-DMA); 1-month momentum positive.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Elevated. Leverage debt/equity 11.04 (high). Liquidity current ratio 0.30 (stretched).
- Composite risk: Elevated.
See the full picture behind every stock
Unlock the complete 10-year fundamentals, DCF & Graham intrinsic value, 13F/13D ownership flow, risk scorecard, multi-analyst bull/bear debate — plus watchlist alerts and your research workspace. Start with a 14-day Pro trial.
3 sections free · 4 Pro previews · composite 0
Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. American Tower Corp. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Analytical read
deterministic previewRevenue grew **+5.1%** YoY to $10.64B..
Peer comparison
Rate-sensitive groupHow AMT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Allstate Corp. ALL | 30 | Neutral |
| Visa Inc. V | 24 | Neutral |
| CME Group Inc. CME | 23 | Neutral |
| Capital One Financial COF | 21 | Neutral |
| Charles Schwab Corp. SCHW | 19 | Neutral |
| American Express Co. AXP | 16 | Neutral |
| Simon Property Group SPG | 15 | Neutral |
| Digital Realty Trust DLR | 13 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| U.S. Bancorp USB | 10 | Neutral |
| Travelers Cos. TRV | 10 | Neutral |
| Chubb Ltd. CB | 7 | Neutral |
| MetLife Inc. MET | 7 | Neutral |
| JPMorgan Chase & Co. JPM | 7 | Neutral |
| Welltower Inc. WELL | 6 | Neutral |
| Dominion Energy D | 4 | Neutral |
| Bank of America Corp. BAC | 3 | Neutral |
| Moody's Corp. MCO | 2 | Neutral |
| PNC Financial Services PNC | 2 | Neutral |
| Wells Fargo & Co. WFC | 1 | Neutral |
| BlackRock Inc. BLK | 1 | Neutral |
| American Tower Corp. AMT● you | 0 | Neutral |
| American Electric Power AEP | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Truist Financial TFC | -1 | Neutral |
| American Water Works AWK | -2 | Neutral |
| Equinix Inc. EQIX | -4 | Neutral |
| Goldman Sachs Group GS | -4 | Neutral |
| Prologis Inc. PLD | -5 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| Public Storage PSA | -5 | Neutral |
| Citigroup Inc. C | -5 | Neutral |
| Realty Income Corp. O | -6 | Neutral |
| Equity Residential EQR | -10 | Neutral |
| NextEra Energy NEE | -13 | Neutral |
| Duke Energy Corp. DUK | -14 | Neutral |
| Southern Company SO | -14 | Neutral |
| Exelon Corp. EXC | -14 | Neutral |
| Morgan Stanley MS | -14 | Neutral |
| S&P Global SPGI | -19 | Neutral |
| Crown Castle Inc. CCI | -21 | Neutral |
| American International Group AIG | -23 | Neutral |