Capital Expenditures for American Tower (AMT)
According to American Tower's latest reported financial statements, the company's current capital expenditures (TTM) is $1.80B USD. 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 .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.80B
YoY change
+5.7%
5Y CAGR
+10.2%
Peak year (2022)
$1.87B
Cumulative capital expenditures
$19.31B
CapEx history chart for American Tower (AMT) from 1997 to 2025
CapEx history table for American Tower (AMT) from 1997 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, American Tower (AMT) reported capital expenditures of $1.68B – grew 5.7% year-over-year.
American Tower capital expenditures has recorded the values shown across consecutive periods, with a +10.2% compound annual growth rate over 2020–2025 (5 years).
American Tower capital expenditures declined from $1.87B in 2022 to $1.68B in 2025, a 10.3% drawdown.
The dataset's maximum capital expenditures sits at $1.87B (2022); the minimum reading of $20.61M dates to 1997.
Within Real Estate, American Tower (AMT) ranks 2nd among 8 peers we track. The peer median for capital expenditures is $210.59M.
American Tower Capital Expenditures by Year
American Tower Capital Expenditures 2025: $1.68B
American Tower capital expenditures in 2025 was $1.68B, grew 5.7% from 2024.
American Tower Capital Expenditures 2024: $1.59B
American Tower capital expenditures in 2024 was $1.59B, declined 11.6% below 2023.
American Tower Capital Expenditures 2023: $1.80B
American Tower capital expenditures in 2023 was $1.80B, edged down 4.0% below 2022.
American Tower Capital Expenditures 2022: $1.87B
American Tower capital expenditures in 2022 was $1.87B, 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 capital expenditures in 2021 was $1.38B.
See more financial history for American Tower (AMT).
Sector peers — CapEx
Companies in the same sector as American Tower, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Equinix, Inc. (EQIX) | $4.31B | Real Estate |
| Simon Property Group, Inc. (SPG) | $912.35M | Real Estate |
| CBRE Group, Inc. (CBRE) | $366.00M | Real Estate |
| Public Storage (PSA) | $289.38M | Real Estate |
| Realty Income Corporation (O) | $131.80M | Real Estate |
| Welltower Inc. (WELL) | $33.80M | Real Estate |
| Prologis, Inc. (PLD) | $0 | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $0 | Real Estate |
Frequently asked questions
What is American Tower's capital expenditures?
- Latest reported capital expenditures for American Tower (AMT) is $1.80B (period ending March 31, 2026).
How has American Tower capital expenditures changed year-over-year?
- American Tower (AMT) capital expenditures changed +5.7% year-over-year on the latest annual filing.
What is the long-term growth rate of American Tower capital expenditures?
- American Tower (AMT) capital expenditures compound annual growth rate is +10.2% over the most recent 5 years available.
When did American Tower capital expenditures hit its highest annual value?
- American Tower capital expenditures reached its highest annual value of $1.87B in 2022.
What was American Tower capital expenditures in 2024?
- American Tower (AMT) capital expenditures in 2024 was $1.59B.
What was American Tower capital expenditures in 2025?
- American Tower (AMT) capital expenditures in 2025 was $1.68B.
Metrics overview
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