American Tower Corp
Research American Tower Corp (AMT) on Bullrun: valuation model: 5.2% undervalued, market cap USD 84.92B, P/E 25.1, dividend yield 3.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAMT
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Specialty
- CurrencyUSD
- Valuation signal5.2% undervalued
- Market capUSD 84.92B
- P/E25.1
- Dividend yield3.9%
- Financial periodQ2 2026
- RevenueUSD 2.75B
- Net incomeUSD 867.50M
- Free cash flowUSD 1.17B
- Gross margin73.0%
Valuation Snapshot
Bullrun's latest valuation model marks American Tower Corp as 5.2% undervalued; latest market cap is USD 84.92B; P/E is 25.1; dividend yield is 3.9%.
Peer valuation comparison
Latest P/E is 25.06x versus a Real Estate sector median of 14.08x (78.0% above).
Latest dividend yield is 3.87% versus a Real Estate sector median of 4.76% (18.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 935.90M | USD 2.63B | USD 3.78B | 843.7% | 5.4 | USD 1.47B | USD 3.39B | USD 3.65B |
| FY2024 | USD 774.60M | USD 2.28B | USD 3.70B | 975.1% | 4.82 | USD 2.00B | USD 3.69B | USD 3.38B |
| FY2023 | USD 747.30M | USD 1.37B | USD 2.92B | 997.0% | 3.18 | USD 1.75B | USD 3.07B | USD 4.20B |
| FY2022 | USD 840.70M | USD 1.70B | USD 1.82B | 841.7% | 3.82 | USD 1.55B | USD 43.42B | USD 5.57B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 84.92B | 25.1 | 3.9% | 7.07 |
| 2025 | 2025-12-31 | USD 81.87B | 32.5 | 3.9% | 6.8 |
| 2024 | 2024-12-31 | USD 85.72B | 38.1 | 3.5% | 6.48 |
| 2023 | 2023-12-29 | USD 100.64B | 141.1 | 3.0% | 6.45 |
| 2022 | 2022-12-30 | USD 98.64B | 33.6 | 2.8% | 5.86 |
| 2021 | 2021-12-31 | USD 133.31B | 51.6 | 1.8% | 5.21 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 7.07 USD, yield 3.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 6.72 USD |
| FY2024 | 6.56 USD |
| FY2023 | 6.31 USD |
| FY2022 | 4.3 USD |
About American Tower Corp
American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.
ETFs that hold American Tower Corp
American Tower Corp is one of the ten largest holdings of 16 ETFs that investors in Europe can buy. The 8 most traded of them:
Compare every fund on the same index:
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Frequently asked questions
Is American Tower Corp overvalued or undervalued?
Bullrun's valuation model currently marks American Tower Corp as 5.2% undervalued.
What is American Tower Corp's market cap?
American Tower Corp's market capitalization is USD 84.92B.
What is American Tower Corp's P/E ratio?
American Tower Corp's price-to-earnings (P/E) ratio is 25.1.
Does American Tower Corp pay a dividend?
American Tower Corp has a dividend yield of 3.9%.
What does American Tower Corp do?
American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.