American Tower Corp
Research American Tower Corp (AMT) on Bullrun: valuation model: 16.5% undervalued, market cap USD 83.21B, P/E 24.6, dividend yield 4.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAMT
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Specialty
- CurrencyUSD
- Valuation signal16.5% undervalued
- Market capUSD 83.21B
- P/E24.6
- Dividend yield4.0%
- Financial periodQ1 2026
- RevenueUSD 2.74B
- Net incomeUSD 859.50M
- Free cash flowUSD 951.10M
- Gross margin74.3%
Valuation Snapshot
Bullrun's latest valuation model marks American Tower Corp as 16.5% undervalued; latest market cap is USD 83.21B; P/E is 24.6; dividend yield is 4.0%.
Peer valuation comparison
Latest P/E is 24.55x versus a Real Estate sector median of 14.84x (65.5% above).
Latest dividend yield is 4.01% versus a Real Estate sector median of 4.71% (14.8% 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 | 994.7% | 4.82 | USD 2.00B | USD 3.69B | USD 3.38B |
| FY2023 | USD 747.30M | USD 1.37B | USD 2.92B | 1038.9% | 3.18 | USD 1.75B | USD 3.07B | USD 4.20B |
| FY2022 | USD 840.70M | USD 1.70B | USD 1.82B | n/a | 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 | 2026-08-25 | USD 83.21B | 24.6 | 3.9% | 6.98 |
| 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 6.98 USD, yield 4.0%.
| 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.
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Frequently asked questions
Is American Tower Corp overvalued or undervalued?
Bullrun's valuation model currently marks American Tower Corp as 16.5% undervalued.
What is American Tower Corp's market cap?
American Tower Corp's market capitalization is USD 83.21B.
What is American Tower Corp's P/E ratio?
American Tower Corp's price-to-earnings (P/E) ratio is 24.6.
Does American Tower Corp pay a dividend?
American Tower Corp has a dividend yield of 4.0%.
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.