Buyback yield (TTM)
0.67%
Shareholder yield (TTM)
4.64%
5Y share count change
5.2%
Buyback spend (TTM)
$540.80M
Cumulative buybacks
$5.84B
Key takeaways
- American Tower (AMT) repurchased about $540.80M of stock over the trailing twelve months.
- Diluted share count is up 5.2% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 3.02× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +45.5% per year over the latest 5-year window.
- TTM repurchases used about 94% of free cash flow remaining after dividends.
Dividend & buyback yield over time for American Tower (AMT)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for American Tower (AMT)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for American Tower (AMT)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for American Tower (AMT)
Latest: $364.60M
Overview
2025's annual buyback spend for American Tower (AMT) came in at $364.60M.
Over 2020–2025 (5 years), American Tower buyback spend expanded at a +45.5% compound annual rate, with mixed annual results across the window.
Between 2007 and 2025, American Tower buyback spend plunged 77.8%, falling from $1.64B to $364.60M.
$1.64B stands as the all-time-high annual buyback spend, posted in 2007, against a low of $0.00 during 1997.
American Tower Buyback Spend 2025: $364.60M
American Tower buyback spend in 2025 was $364.60M.
American Tower Buyback Spend 2024: $0.00
American Tower buyback spend in 2024 was $0.00.
American Tower Buyback Spend 2023: $0.00
American Tower buyback spend in 2023 was $0.00, plunged 100.0% below 2022.
American Tower Buyback Spend 2022: $18.80M
American Tower buyback spend in 2022 was $18.80M.
American Tower Buyback Spend 2021: $0.00
American Tower buyback spend in 2021 was $0.00.
See more financial history for American Tower (AMT).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $364.60M | $174.20M | $190.40M | 0.44% | 0.47B | +0.2% | |
| 2024 | $0.00 | $203.60M | −$203.60M | — | 0.47B | +0.2% | |
| 2023 | $0.00 | $195.70M | −$195.70M | — | 0.47B | +1.0% | |
| 2022 | $18.80M | $169.30M | −$150.50M | 0.02% | 0.46B | +2.1% | |
| 2021 | $0.00 | $119.50M | −$119.50M | — | 0.45B | +1.6% | |
| 2020 | $56.00M | $120.80M | −$64.80M | 0.06% | 0.45B | +0.1% | |
| 2019 | $19.60M | $111.40M | −$91.80M | 0.02% | 0.45B | +0.6% | |
| 2018 | $232.80M | $137.50M | $95.30M | 0.33% | 0.44B | +2.6% | |
| 2017 | $766.30M | $108.50M | $657.80M | 1.25% | 0.43B | +0.6% | |
| 2016 | $0.00 | $89.90M | −$89.90M | — | 0.43B | +1.5% | |
| 2015 | $0.00 | $90.54M | −$90.54M | — | 0.42B | +5.7% | |
| 2014 | $59.11M | $80.15M | −$21.04M | 0.15% | 0.40B | +0.2% | |
| 2013 | $145.01M | $68.14M | $76.87M | 0.46% | 0.40B | -0.0% | |
| 2012 | $62.73M | $51.98M | $10.74M | 0.21% | 0.40B | -0.2% | |
| 2011 | $437.40M | $47.44M | $389.96M | 1.85% | 0.40B | -1.0% | |
| 2010 | $430.62M | $52.55M | $378.06M | 2.10% | 0.40B | -0.7% | |
| 2009 | $213.29M | $60.67M | $152.62M | 1.23% | 0.41B | -2.7% | |
| 2008 | $714.65M | $54.81M | $659.85M | 6.14% | 0.42B | -1.8% | |
| 2007 | $1.64B | $54.60M | $1.59B | 9.71% | 0.43B | -2.3% | |
| 2006 | $306.86M | $15.93M | $290.93M | 1.95% | 0.44B | +44.2% | |
| 2005 | $68.93M | $2.36M | $66.56M | 0.61% | 0.30B | +34.8% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.22B | +7.8% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.21B | +6.5% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.20B | +2.0% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.19B | +13.6% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.17B | +12.7% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.15B | +87.7% | |
| 1998 | $303.12M | $0.00 | $303.12M | — | 0.08B | -71.0% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.28B | — |
- 2025$364.60M
- 2024$0.00
- 2023$0.00
- 2022$18.80M
- 2021$0.00
- 2020$56.00M
- 2019$19.60M
- 2018$232.80M
- 2017$766.30M
- 2016$0.00
- 2015$0.00
- 2014$59.11M
- 2013$145.01M
- 2012$62.73M
- 2011$437.40M
- 2010$430.62M
- 2009$213.29M
- 2008$714.65M
- 2007$1.64B
- 2006$306.86M
- 2005$68.93M
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$303.12M
- 1997$0.00
Buybacks vs stock-based compensation for American Tower (AMT)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.02×.
Buybacks vs dividends (share of cash returned) for American Tower (AMT)
How American Tower splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as American Tower, ranked by their latest buyback spend.
| $227.15M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $227.15M
- $0.00
- $0.00
- $0.00
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $575.50M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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