How American Tower (AMT) Makes Money: A Visual Guide
American Tower (AMT) generated $10.65B in revenue (TTM through Q4 2025), earning $2.53B in net profit (23.8% margin). Its largest revenue source is Property (96.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
American Tower (AMT) Income Statement Flow
Frequently asked questions
How does American Tower (AMT) make money?
- American Tower (AMT) primarily makes money through Property, which accounts for 96.8% of total revenue. For TTM through Q4 2025, American Tower generated $10.65B in total revenue with a net profit margin of 23.8%.
What is American Tower (AMT) gross profit margin?
- American Tower (AMT) reported a gross profit margin of 73.7% for TTM through Q4 2025, equivalent to $7.84B in gross profit. This means American Tower retains 73.7% of each revenue unit after direct costs of production.
What is American Tower (AMT) operating profit margin?
- American Tower (AMT) reported an operating profit margin of 45.8% for TTM through Q4 2025, equivalent to $4.88B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is American Tower (AMT) net profit margin?
- American Tower (AMT) reported a net profit margin of 23.8% for TTM through Q4 2025, equivalent to $2.53B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does American Tower (AMT) spend on capital expenditures?
- American Tower (AMT) spent $1.68B on capital expenditures in TTM through Q4 2025 (15.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is American Tower (AMT) free cash flow?
- American Tower (AMT) generated $3.78B in free cash flow for TTM through Q4 2025 (35.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is American Tower (AMT) effective tax rate?
- American Tower (AMT) had an effective tax rate of 13.7% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.