Latest period
$1.80B
YoY change
+5.7%
5Y CAGR
+10.2%
Peak year (2022)
$1.87B
Cumulative CapEx
$19.76B
CapEx history chart for American Tower (AMT) from 1997 to 2025
Latest: $1.68B
CapEx growth chart for American Tower (AMT) from 1997 to 2025
Latest: +5.7%
CapEx history table for American Tower (AMT) from 1997 to 2025
| 2025 | $1.68B | +5.7% | +$90.40M | ||
| 2024 | $1.59B | -11.6% | −$208.10M | ||
| 2023 | $1.80B | -4.0% | −$75.50M | ||
| 2022 | $1.87B | +36.1% | +$496.90M | ||
| 2021 | $1.38B | +33.4% | +$345.00M | ||
| 2020 | $1.03B | +4.1% | +$40.40M | ||
| 2019 | $991.30M | +8.6% | +$78.10M | ||
| 2018 | $913.20M | +13.6% | +$109.60M | ||
| 2017 | $803.60M | +17.7% | +$121.09M | ||
| 2016 | $682.50M | -6.3% | −$46.25M | ||
| 2015 | $728.75M | -25.2% | −$245.65M | ||
| 2014 | $974.40M | +34.5% | +$249.87M | ||
| 2013 | $724.53M | +27.5% | +$156.48M | ||
| 2012 | $568.05M | +8.6% | +$45.03M | ||
| 2011 | $523.01M | +50.9% | +$176.35M | ||
| 2010 | $346.66M | +38.5% | +$96.40M | ||
| 2009 | $250.26M | +2.8% | +$6.78M | ||
| 2008 | $243.48M | +57.7% | +$89.10M | ||
| 2007 | $154.38M | +21.5% | +$27.28M | ||
| 2006 | $127.10M | +43.4% | +$38.46M | ||
| 2005 | $88.64M | +110.1% | +$46.46M | ||
| 2004 | $42.18M | -31.5% | −$19.43M | ||
| 2003 | $61.61M | -65.9% | −$118.89M | ||
| 2002 | $180.50M | -68.2% | −$387.66M | ||
| 2001 | $568.16M | +3.5% | +$19.17M | ||
| 2000 | $548.99M | +86.6% | +$254.75M | ||
| 1999 | $294.24M | +132.7% | +$167.79M | ||
| 1998 | $126.45M | +513.4% | +$105.84M | ||
| 1997 | $20.61M | — | — |
- 2025$1.68B+5.7%
- 2024$1.59B-11.6%
- 2023$1.80B-4.0%
- 2022$1.87B+36.1%
- 2021$1.38B+33.4%
- 2020$1.03B+4.1%
- 2019$991.30M+8.6%
- 2018$913.20M+13.6%
- 2017$803.60M+17.7%
- 2016$682.50M-6.3%
- 2015$728.75M-25.2%
- 2014$974.40M+34.5%
- 2013$724.53M+27.5%
- 2012$568.05M+8.6%
- 2011$523.01M+50.9%
- 2010$346.66M+38.5%
- 2009$250.26M+2.8%
- 2008$243.48M+57.7%
- 2007$154.38M+21.5%
- 2006$127.10M+43.4%
- 2005$88.64M+110.1%
- 2004$42.18M-31.5%
- 2003$61.61M-65.9%
- 2002$180.50M-68.2%
- 2001$568.16M+3.5%
- 2000$548.99M+86.6%
- 1999$294.24M+132.7%
- 1998$126.45M+513.4%
- 1997$20.61M—
CapEx values are taken from American Tower's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at American Tower (AMT)
According to American Tower's latest reported financial statements, the company's current CapEx (TTM) is $1.80B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, American Tower (AMT) reported CapEx of $1.68B – grew 5.7% year-over-year.
American Tower CapEx has grown on net over the period, with a +10.2% compound annual growth rate over 2020–2025 (5 years).
American Tower CapEx declined from $1.87B in 2022 to $1.68B in 2025, a 10.3% drawdown.
The record annual CapEx stands at $1.87B, reached in 2022; the historical low of $20.61M was recorded in 1997.
American Tower Capital Expenditures by Year
American Tower Capital Expenditures 2025: $1.68B
In 2025, American Tower reported CapEx of $1.68B, grew 5.7% from 2024.
American Tower Capital Expenditures 2024: $1.59B
American Tower CapEx in 2024 was $1.59B, declined 11.6% below 2023.
American Tower Capital Expenditures 2023: $1.80B
2023's CapEx for American Tower came in at $1.80B, edged down 4.0% below 2022.
American Tower Capital Expenditures 2022: $1.87B
American Tower posted CapEx of $1.87B in 2022, surged 36.1% from 2021. This figure represents the highest annual value in the available history.
American Tower Capital Expenditures 2021: $1.38B
American Tower CapEx in 2021 was $1.38B.
See more financial history for American Tower (AMT).
Sector peers by CapEx
Real Estate peers of American Tower (AMT), ranked by their latest CapEx
| $4.31B | |
| $912.35M | |
| $363.86M | |
| $289.38M | |
| $33.80M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $4.31B
- $912.35M
- $363.86M
- $289.38M
- $33.80M
- $0.00
- $0.00
Frequently asked questions
American Tower (AMT) Key Financials
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