American Tower Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 9.36B | 9.65B | 10.01B | 10.13B | 10.65B | 5.1% | |
| Cost of Revenue | (2.68B) | (2.57B) | (2.56B) | (2.57B) | (2.80B) | 8.8% | |
Gross Profit | 6.67B | 7.08B | 7.45B | 7.55B | 7.84B | 3.9% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (811.60M) | (902.10M) | (946.00M) | (933.40M) | (944.20M) | 1.2% | |
| General & Administrative | (811.60M) | — | — | — | (944.20M) | — | |
| Depreciation & Amortization | (2.33B) | (3.36B) | (3.09B) | (2.12B) | (2.06B) | -3.0% | |
Operating Income (EBIT) | 3.13B | 2.74B | 3.13B | 4.52B | 4.88B | 8.1% | |
| Non-Operating Items | |||||||
| Interest Income | 40.40M | 49.10M | 118.60M | 135.20M | 93.60M | -30.8% | |
| Interest Expense | (870.90M) | (1.14B) | (1.39B) | (1.40B) | (1.02B) | -27.5% | |
| Other Income/Expenses (Net) | -302.60M | -652.60M | -1.60B | -891.70M | -1.84B | 105.9% | |
Income Before Tax | 2.83B | 2.09B | 1.53B | 3.62B | 3.04B | -16.0% | |
| Income Tax Expense | (261.80M) | (112.80M) | (90.80M) | (366.30M) | (415.70M) | 13.5% | |
Net Income | 2.57B | 1.77B | 1.48B | 2.25B | 2.53B | 12.2% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $6 | $4 | $3 | $5 | $5 | 11.8% | |
| Weighted Avg Shares Outstanding | 451.50M | 461.52M | 466.06M | 467.01M | 469.14M | 0.5% | |
| Weighted Avg Shares Outstanding (Diluted) | 453.29M | 462.75M | 467.16M | 468.12M | 469.14M | 0.2% | |
EBITDA | 6.03B | 6.58B | 6.00B | 7.15B | 6.12B | -14.4% |
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Large Cap