Ticker League

Operating Margin for American Tower (AMT)

As of · Reported

Metric
Profitability

TTM

44.2%

YoY change

+1.25pp

Trough year (1998)

-27.2%

Peak year (2025)

45.8%

Operating Margin history chart for American Tower (AMT) from 1997 to 2025

Latest: 45.8%

Operating Margin change chart for American Tower (AMT) from 1997 to 2025

Latest: +1.25pp

Operating Margin history table for American Tower (AMT) from 1997 to 2025

  • 202545.8%+1.25pp
  • 202444.6%+13.38pp
  • 202331.2%+2.82pp
  • 202228.4%-5.08pp
  • 202133.5%-2.43pp
  • 202035.9%+0.44pp
  • 201935.5%+9.86pp
  • 201825.6%-4.38pp
  • 201730.0%-2.04pp
  • 201632.0%-1.77pp
  • 201533.8%-2.47pp
  • 201436.3%+0.14pp
  • 201336.1%-2.81pp
  • 201238.9%+1.28pp
  • 201137.7%-1.85pp
  • 201039.5%+0.52pp
  • 200939.0%+0.91pp
  • 200838.1%+12.10pp
  • 200726.0%+4.23pp
  • 200621.7%+2.97pp
  • 200518.8%+8.91pp
  • 20049.9%+5.47pp
  • 20034.4%+16.53pp
  • 2002-12.1%+4.56pp
  • 2001-16.7%-2.87pp
  • 2000-13.8%+2.09pp
  • 1999-15.9%+11.27pp
  • 1998-27.2%-32.51pp
  • 19975.3%—

Operating Margin values are taken from American Tower's reported income 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 Operating Margin at American Tower (AMT)

According to American Tower's latest reported financial statements, the company's latest reported operating margin is 44.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for American Tower (AMT) came in at 45.85% – expanded 1.3 percentage points year-over-year.

2025 marks the peak operating margin at 45.85%, with the historical low of -27.18% recorded in 1998.

American Tower Operating Margin by Year

American Tower Operating Margin 2025: 45.8%

American Tower operating margin in 2025 was 45.85%, expanded 1.3 percentage points from 2024. This figure represents the highest annual value in the available history.

American Tower Operating Margin 2024: 44.6%

2024's operating margin for American Tower came in at 44.60%, expanded 13.4 percentage points from 2023.

American Tower Operating Margin 2023: 31.2%

American Tower posted operating margin of 31.22% in 2023, expanded 2.8 percentage points from 2022.

American Tower Operating Margin 2022: 28.4%

In 2022, American Tower reported operating margin of 28.39%, contracted 5.1 percentage points from 2021.

American Tower Operating Margin 2021: 33.5%

American Tower operating margin in 2021 was 33.47%.

See more financial history for American Tower (AMT).

Sector peers by Operating Margin

Real Estate peers of American Tower (AMT), ranked by their latest operating margin

Frequently asked questions

American Tower (AMT) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview