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AMERICAN TOWER CORP /MA/

CIK: 1053507 SIC: 6798
$10.45B
Revenue
$3.02B
Net Income
98.39%
Gross Margin
45.58%
Op. Margin
$6.60B
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 13 of 50 quarterly reports available
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $2.72B $2.63B $2.56B $2.55B $2.52B $2.90B $2.83B $2.79B $2.82B $2.77B $2.77B $2.71B $2.67B
Revenue Growth % (YoY) 7.7% -9.4% -9.6% -8.6% -10.5% 4.6% 2.4% 3.0% 5.5% nan% nan% nan% nan%
Cost of Revenue $53.80M $48.10M $34.90M $31.80M $24.90M $22.00M $13.90M $11.30M $12.50M $17.20M $19.10M $22.90M $27.70M
+ Gross Profit $2.66B $2.58B $2.53B $2.52B $2.50B $2.88B $2.82B $2.78B $2.81B $2.75B $2.75B $2.68B $2.64B
Gross Margin % 98.0% 98.2% 98.6% 98.8% 99.0% 99.2% 99.5% 99.6% 99.6% 99.4% 99.3% 99.2% 99.0%
Operating Expenses $1.48B $1.43B $1.31B $1.47B $1.38B $1.62B $1.60B $2.07B $2.16B $1.90B $1.99B $2.51B $2.02B
Selling General & Admin $233.00M $233.70M $237.50M $243.10M $227.70M $234.30M $257.00M $252.30M $231.90M $244.40M $263.90M $224.30M $231.20M
+ Operating Income $1.23B $1.20B $1.25B $1.08B $1.14B $1.28B $1.24B $716.90M $658.70M $873.70M $775.60M $192.00M $652.90M
Operating Margin % 45.4% 45.6% 48.9% 42.4% 45.2% 44.3% 43.6% 25.7% 23.4% 31.5% 28.0% 7.1% 24.4%
Interest Expense $1.11B $684.20M $370.10M $207.60M $1.22B $803.10M $366.70M $350.70M $359.20M $348.10M $340.20M $303.50M $294.00M
Other Income/Expense $27.70M $-373.90M $-338.20M $514.70M $-269.60M $65.80M $113.00M $-367.30M $297.80M $-81.20M $-97.80M $-675.70M $478.50M
Income Before Tax $950.00M $511.80M $617.50M $1.31B $550.50M $1.03B $1.03B $35.20M $643.00M $474.70M $368.40M $-758.60M $855.80M
Income Tax Expense $37.40M $131.30M $118.90M $75.20M $122.40M $120.00M $109.20M $21.90M $65.70M $13.20M $53.40M $-42.00M $36.10M
+ Net Income $912.60M $380.50M $498.60M $1.23B $-780.40M $908.40M $921.70M $13.30M $577.30M $461.50M $315.00M $-716.60M $839.70M
Net Margin % 33.6% 14.5% 19.5% 48.3% -30.9% 31.3% 32.5% 0.5% 20.5% 16.7% 11.4% -26.5% 31.4%
Basic EPS 1.82 0.78 1.05 2.63 -1.70 1.93 1.97 0.18 1.26 1.02 0.72 -1.49 1.80
Diluted EPS 1.82 0.78 1.04 2.63 -1.69 1.92 1.96 0.19 1.26 1.02 0.72 -1.49 1.80
Basic Shares Outstanding 468.3M 468.2M 467.6M 92K 467.2M 467.0M 466.5M 63K 466.2M 466.1M 465.7M 1.4M 465.6M
Diluted Shares Outstanding 469.0M 468.8M 468.5M 119K 468.3M 467.8M 467.7M 128K 467.2M 467.0M 466.8M 1.4M 466.8M
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $1.95B $2.08B $2.10B $2.00B $2.15B $2.49B $2.39B $1.97B $2.12B $2.02B $1.80B $2.03B $2.12B
Accounts Receivable $737.00M $772.10M $683.30M $540.00M $537.80M $712.30M $738.40M $669.70M $647.70M $684.00M $705.40M $758.30M $722.40M
Other Current Assets $697.60M $619.70M $583.60M $530.60M $579.60M $783.20M $984.60M $946.90M $970.60M $848.00M $819.30M $723.30M $787.00M
Total Current Assets $3.54B $3.60B $3.51B $3.18B $3.40B $4.11B $4.24B $3.71B $3.85B $3.68B $3.45B $3.62B $3.76B
Goodwill $12.26B $12.25B $11.92B $11.77B $12.05B $12.48B $12.56B $12.64B $12.57B $13.05B $13.00B $12.96B $12.69B
Intangible Assets $14.74B $14.96B $14.64B $14.47B $15.20B $15.76B $16.12B $16.52B $16.66B $17.29B $17.64B $17.98B $18.32B
Other Non-current Assets $821.40M $824.50M $691.80M $676.90M $764.30M $753.00M $711.20M $789.40M $655.10M $710.10M $669.90M $546.70M $492.80M
Total Assets $63.89B $63.75B $62.06B $61.08B $62.82B $65.84B $66.68B $66.03B $65.65B $66.88B $66.82B $67.19B $66.51B
Accounts Payable $239.00M $229.70M $199.60M $240.80M $221.30M $206.00M $182.10M $258.70M $216.20M $216.20M $206.00M $218.60M $212.00M
Accrued Liabilities $1.23B $1.14B $1.12B $1.08B $982.30M $1.17B $1.13B $1.28B $1.22B $1.18B $1.17B $1.34B $1.20B
Deferred Revenue $437.60M $419.70M $450.50M $329.20M $496.20M $391.70M $544.20M $434.70M $472.50M $515.70M $554.20M $439.70M $529.80M
Total Current Liabilities $5.99B $5.86B $6.32B $7.08B $7.07B $6.89B $6.73B $7.25B $6.87B $6.93B $7.53B $8.31B $6.62B
Long-term Debt $34.85B $35.19B $34.05B $32.81B $33.37B $35.64B $36.19B $35.73B $35.44B $35.59B $34.69B $34.16B $35.31B
Deferred Tax Liabilities $1.51B $1.55B $1.36B $1.26B $1.40B $1.40B $1.39B $1.36B $1.42B $1.49B $1.51B $1.49B $1.50B
Other Non-current Liabilities $1.07B $1.03B $1.02B $1.01B $1.20B $1.21B $1.23B $1.22B $1.14B $1.16B $1.17B $1.19B $1.18B
Total Liabilities $53.12B $53.28B $52.12B $51.43B $52.62B $55.41B $56.02B $55.16B $54.42B $54.87B $54.57B $54.79B $54.19B
Common Stock $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M $4.80M
Retained Earnings $-5.11B $-5.16B $-4.73B $-4.42B $-4.89B $-3.34B $-3.48B $-3.64B $-2.93B $-2.76B $-2.50B $-2.10B $-689.30M
Total Stockholders Equity $3.95B $3.71B $3.53B $3.38B $3.64B $3.86B $4.05B $4.20B $4.53B $5.17B $5.41B $5.57B $6.28B
Total Liabilities & Equity $63.89B $63.75B $62.06B $61.08B $62.82B $65.84B $66.68B $66.03B $65.65B $66.88B $66.82B $67.19B $66.51B
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $912.60M $879.10M $498.60M $1.23B $1.05B $1.83B $921.70M $13.30M $577.30M $776.50M $315.00M $-716.60M $2.45B
Depreciation & Amortization - - - - - - - - $2.32B $764.60M $794.10M - $2.54B
Stock-based Compensation $142.60M $100.70M $53.40M $41.90M $161.70M $111.20M $64.90M $37.70M $158.00M $114.90M $65.50M $31.20M $138.10M
Operating Cash Flow $4.04B $2.58B $1.29B $1.20B $4.09B $2.62B $1.28B $1.14B $3.58B $2.28B $1.07B $1.19B $2.51B
Capital Expenditure $1.10B $635.70M $331.10M $443.40M $1.15B $721.90M $396.70M $524.60M $1.27B $882.80M $461.90M $658.20M $1.22B
Acquisitions $420.20M $332.30M $147.60M $8.10M $114.90M $55.00M $44.70M $16.10M $151.90M $91.20M $60.90M $189.90M $359.10M
Investing Cash Flow $-1.39B $-841.20M $-350.10M $-360.70M $771.30M $-525.30M $-436.10M $-529.90M $-1.17B $-716.50M $-276.80M $-849.00M $-1.51B
Stock Issued - - - - - - - - - - - - $2.29B
Dividends Paid - - - - - $1.56B $802.10M $756.10M $2.19B $1.46B $733.60M $684.50M $1.95B
Financing Cash Flow $-2.76B $-1.75B $-843.80M $-908.50M $-4.54B $-1.42B $-390.20M $-815.90M $-2.28B $-1.57B $-1.01B $-462.70M $-960.50M
Net Change in Cash $-7.40M $101.40M $131.00M $-174.00M $188.80M $525.20M $423.30M $-138.20M $90.90M $8.70M $-215.30M $-108.90M $-93.70M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.72B $2.52B $7.91B $7.58B
Operating Expenses $1.48B $1.38B $4.22B $4.14B
Selling General & Admin $233.00M $227.70M $704.20M $690.30M
Operating Income $1.23B $1.14B $3.69B $3.44B
Interest Expense $347.10M $356.80M $1.11B $1.22B
Other Income/Expense $27.70M $-269.60M $-684.40M $-137.10M
Income Before Tax $950.00M $550.50M $2.08B $2.32B
Income Tax Expense $37.40M $122.40M $287.60M $291.10M
Net Income $912.60M $-780.40M $1.79B $1.05B
Basic EPS 1.82 -1.70 3.65 2.20
Diluted EPS 1.82 -1.69 3.64 2.19
Basic Shares Outstanding $468.29M $467.20M $468.04M $466.92M
Diluted Shares Outstanding $469.04M $468.26M $468.86M $468.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $1.95B $2.00B
Accounts Receivable $737.00M $540.00M
Other Current Assets $697.60M $530.60M
Total Current Assets $3.54B $3.18B
Goodwill $12.26B $11.77B
Intangible Assets $14.74B $14.47B
Other Non-current Assets $821.40M $676.90M
Total Assets $63.89B $61.08B
Accounts Payable $239.00M $240.80M
Accrued Liabilities $1.23B $1.08B
Deferred Revenue $437.60M $329.20M
Total Current Liabilities $5.99B $7.08B
Long-term Debt $34.85B $32.81B
Deferred Tax Liabilities $1.51B $1.26B
Other Non-current Liabilities $1.07B $1.01B
Total Liabilities $53.12B $51.43B
Common Stock $4.80M $4.80M
Retained Earnings $-5.11B $-4.42B
Total Stockholders Equity $3.95B $3.38B
Total Liabilities & Equity $63.89B $61.08B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $912.60M $-780.40M $1.79B $1.05B
Stock-based Compensation - - $142.60M $161.70M
Operating Cash Flow - - $4.04B $4.09B
Capital Expenditure - - $1.10B $1.15B
Acquisitions - - $420.20M $114.90M
Investing Cash Flow - - $-1.39B $771.30M
Financing Cash Flow - - $-2.76B $-4.54B
Net Change in Cash - - $-7.40M $188.80M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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