Financials in USD. Standardized financial statements.
A compact view of how American Tower Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $10.65B | $10.13B | $10.01B | $9.65B | $9.36B | $8.04B | $7.58B | $7.44B | $6.66B | $5.79B |
| Revenue Growth? | +5.1% | +1.1% | +3.8% | +3.1% | +16.4% | +6.1% | +1.9% | +11.6% | +15.2% | 0.0% |
| Cost of Revenue? | $2.80B | $2.57B | $2.56B | $2.57B | $2.68B | $2.23B | $2.21B | $2.18B | $2.05B | $1.79B |
| Gross Profit? | $7.84B | $7.55B | $7.45B | $7.08B | $6.67B | $5.81B | $5.37B | $5.26B | $4.61B | $4.00B |
| Gross Margin? | +73.7% | +74.6% | +74.4% | +73.4% | +71.3% | +72.3% | +70.8% | +70.7% | +69.2% | +69.1% |
| Operating Expenses? | $2.96B | $3.04B | $4.33B | $4.34B | $3.54B | $2.93B | $2.68B | $3.36B | $2.61B | $2.14B |
| Operating Income? | $4.88B | $4.52B | $3.13B | $2.74B | $3.13B | $2.89B | $2.69B | $1.91B | $2.00B | $1.85B |
| EBITDA? | $6.12B | $7.15B | $6.00B | $6.58B | $6.03B | $4.50B | $4.51B | $4.09B | $3.72B | $3.37B |
| Income Before Tax | $3.04B | $3.62B | $1.53B | $2.09B | $2.83B | $1.82B | $1.92B | $1.15B | $1.26B | $1.13B |
| Income Tax Expense | $415.70M | $366.30M | $90.80M | $112.80M | $261.80M | $129.60M | -$200,000 | -$110.10M | $30.70M | $155.50M |
| Net Income? | $2.53B | $2.25B | $1.48B | $1.77B | $2.57B | $1.69B | $1.89B | $1.24B | $1.24B | $956.42M |
| EPS? | $5.40 | $4.83 | $3.18 | $3.83 | $5.69 | $3.81 | $4.27 | $2.81 | $2.69 | $2.00 |
| Diluted EPS? | $5.39 | $4.82 | $3.18 | $3.82 | $5.66 | $3.79 | $4.24 | $2.79 | $2.67 | $1.98 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality