Last 47 quarters of trend data · Real Estate · REIT - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.09 | 21.99 | 23.45 | 25.08 | 26.42 | 70.84 | 52.31 | 17.50 | — | 25.31 | 25.20 | 299.83 | 32.63 | 47.53 | 70.95 | — | 29.82 | 32.77 | 40.26 | 73.86 | 42.00 |
| — | -69.0% | -55.2% | +43.3% | — | +179.9% | +107.5% | -94.2% | — | -46.8% | -64.5% | — | +9.4% | +45.1% | +76.2% | — | -29.0% | -19.9% | -2.3% | +7.9% | -27.7% | |
| P/S Ratio | 7.10 | 6.94 | 7.36 | 7.52 | 8.30 | 9.86 | 9.95 | 8.43 | 10.79 | 7.84 | 8.15 | 9.05 | 7.62 | 8.17 | 8.62 | 9.14 | 9.38 | 10.99 | 10.79 | 13.67 | 12.35 |
| — | -29.6% | -26.0% | -10.8% | -23.1% | +25.8% | +22.0% | -6.9% | +41.7% | -4.1% | -5.4% | -0.9% | -18.8% | -25.6% | -20.2% | -33.2% | -24.1% | -17.3% | -12.6% | +15.8% | -7.8% | |
| P/B Ratio | 7.35 | 7.44 | 7.78 | 7.95 | 8.38 | 9.89 | 10.26 | 8.90 | 10.68 | 8.72 | 8.67 | 9.29 | 6.84 | 7.54 | 7.79 | 7.97 | 8.14 | 10.96 | 12.42 | 14.74 | 12.52 |
| — | -24.7% | -24.2% | -10.7% | -21.6% | +13.3% | +18.4% | -4.1% | +56.2% | +15.7% | +11.3% | +16.6% | -15.9% | -31.2% | -37.3% | -46.0% | -35.0% | -36.9% | -47.0% | -29.7% | -44.9% | |
| P/FCF | 19.98 | 16.36 | 21.18 | 24.27 | 22.67 | 26.51 | 26.44 | 28.43 | 26.06 | 22.43 | 26.05 | 40.87 | 21.11 | 28.71 | 39.18 | 46.92 | 52.96 | 53.89 | 103.48 | 152.71 | 17.01 |
| — | -38.3% | -19.9% | -14.6% | -13.0% | +18.2% | +1.5% | -30.4% | +23.5% | -21.9% | -33.5% | -12.9% | -60.1% | -46.7% | -62.1% | -69.3% | +211.3% | +18.9% | +197.9% | +369.1% | -54.8% | |
| EV / EBITDA | 17.15 | 16.76 | 18.52 | 18.56 | 18.60 | 21.48 | 20.64 | 20.22 | 22.93 | 18.39 | 19.30 | 24.54 | 18.13 | 20.71 | 22.38 | 35.73 | 23.33 | 25.63 | 26.79 | 36.16 | 27.83 |
| — | -22.0% | -10.3% | -8.2% | -18.9% | +16.8% | +7.0% | -17.6% | +26.5% | -11.2% | -13.8% | -31.3% | -22.3% | -19.2% | -16.5% | -1.2% | -16.1% | -12.6% | +2.4% | +23.6% | +1.6% | |
| EV / EBIT | 24.40 | 21.91 | 23.72 | 23.93 | 35.06 | 30.63 | 38.25 | 19.65 | 41.75 | 24.36 | 24.66 | 94.24 | 25.73 | 41.24 | 49.57 | — | 31.48 | 35.09 | 41.80 | 61.04 | 39.89 |
| — | -28.5% | -38.0% | +21.8% | -16.0% | +25.7% | +55.1% | -79.1% | +62.3% | -40.9% | -50.3% | — | -18.3% | +17.5% | +18.6% | — | -21.1% | -11.8% | +7.5% | +11.3% | -19.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.7% | 73.0% | 73.9% | 70.7% | 75.1% | 73.8% | 75.2% | 74.3% | 74.2% | 71.7% | 72.2% | 70.9% | 74.7% | 70.2% | 70.9% | 70.2% | 68.7% | 69.2% | 70.0% | 69.9% | 70.5% |
| — | -1.0% | -1.8% | -4.9% | +1.3% | +3.0% | +4.2% | +4.8% | -0.7% | +2.2% | +1.9% | +0.9% | +8.7% | +1.3% | +1.3% | +0.5% | -2.6% | -3.6% | -4.7% | -4.4% | -2.2% | |
| Operating Margin | 45.8% | 46.2% | 42.4% | 42.4% | 46.7% | 45.6% | 48.9% | 42.4% | 45.2% | 44.3% | 43.6% | 25.7% | 36.2% | 31.5% | 28.0% | 7.1% | 24.4% | 29.3% | 27.3% | 25.6% | 33.7% |
| — | +1.2% | -13.4% | -0.0% | +3.3% | +3.0% | +12.2% | +64.8% | +24.7% | +40.5% | +55.7% | +262.4% | +48.2% | +7.8% | +2.8% | -72.3% | -27.5% | -20.8% | -29.0% | -19.3% | -13.6% | |
| Net Margin | 23.8% | 31.6% | 30.6% | 30.0% | 31.4% | 14.0% | 19.1% | 48.3% | -31.4% | 31.0% | 32.4% | 3.0% | 23.3% | 17.2% | 12.1% | -25.3% | 31.4% | 33.6% | 26.8% | 18.5% | 29.5% |
| — | +126.0% | +60.3% | -37.9% | +200.0% | -55.0% | -41.1% | +1484.2% | -234.9% | +80.9% | +166.7% | +112.1% | -25.9% | -48.9% | -54.6% | -236.3% | +6.7% | +3.5% | -10.5% | +7.8% | +27.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.3% | 8.4% | 8.1% | 7.8% | 8.0% | 3.6% | 5.0% | 12.4% | -7.7% | 8.5% | 8.5% | 0.8% | 5.1% | 3.9% | 2.7% | -5.5% | 7.3% | 9.0% | 7.8% | 4.8% | 8.6% |
| — | +134.3% | +61.9% | -37.3% | +204.5% | -57.9% | -41.4% | +1513.2% | -252.2% | +117.7% | +212.9% | +113.9% | -30.7% | -56.4% | -64.9% | -214.4% | -15.7% | -30.2% | -43.8% | -36.9% | -13.0% | |
| ROA | 4.1% | 1.4% | 1.3% | 1.3% | 1.3% | 0.6% | 0.8% | 2.0% | -1.2% | 1.4% | 1.4% | 0.1% | 0.9% | 0.7% | 0.5% | -1.0% | 1.2% | 1.3% | 1.0% | 0.7% | 1.2% |
| — | +135.2% | +66.8% | -34.9% | +208.5% | -57.1% | -42.6% | +1439.9% | -239.1% | +90.9% | +175.9% | +112.6% | -29.0% | -45.4% | -50.8% | -247.1% | +3.1% | -7.5% | -25.6% | -15.5% | +8.1% | |
| ROIC | 6.9% | 1.8% | 1.6% | 1.6% | 1.8% | 1.7% | 1.8% | 1.6% | 1.6% | 1.7% | 1.7% | 1.0% | 1.2% | 1.1% | 1.0% | 0.3% | 0.9% | 1.0% | 0.9% | 0.9% | 1.3% |
| — | +4.3% | -10.9% | +4.2% | +12.0% | -1.8% | +8.9% | +60.7% | +30.5% | +51.1% | +64.1% | +283.2% | +42.2% | +14.7% | +10.6% | -71.1% | -32.8% | -30.5% | -41.7% | -35.7% | -25.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.34 | 4.39 | 4.36 | 4.34 | 4.18 | 4.31 | 4.47 | 4.56 | 4.39 | 4.55 | 4.49 | 4.26 | 4.17 | 3.93 | 3.83 | 3.79 | 3.79 | 4.61 | 5.65 | 5.73 | 4.35 |
| — | +1.7% | -2.4% | -4.7% | -4.8% | -5.1% | -0.5% | +6.9% | +5.4% | +15.7% | +17.2% | +12.4% | +10.0% | -14.8% | -32.2% | -33.9% | -12.9% | -26.9% | -30.0% | -25.3% | -34.9% | |
| Debt / EBITDA | 6.48 | 25.22 | 26.92 | 26.52 | 25.13 | 26.47 | 25.41 | 27.80 | 27.11 | 25.67 | 26.79 | 31.25 | 27.93 | 28.80 | 29.88 | 46.74 | 30.08 | 30.75 | 33.89 | 40.94 | 29.29 |
| — | -4.7% | +5.9% | -4.6% | -7.3% | +3.1% | -5.1% | -11.0% | -3.0% | -10.9% | -10.4% | -33.1% | -7.1% | -6.4% | -11.8% | +14.2% | +2.7% | -2.6% | +24.8% | +28.8% | +16.3% | |
| Current Ratio | 0.63 | 0.35 | 0.40 | 0.63 | 0.59 | 0.61 | 0.55 | 0.45 | 0.48 | 0.60 | 0.63 | 0.51 | 0.56 | 0.53 | 0.46 | 0.44 | 0.57 | 0.50 | 0.41 | 0.41 | 0.77 |
| — | -42.7% | -28.5% | +39.8% | +22.7% | +2.8% | -12.0% | -12.2% | -14.2% | +12.4% | +37.5% | +17.4% | -1.3% | +6.5% | +12.3% | +6.0% | -26.6% | -11.4% | -43.4% | -48.3% | -11.5% | |
| Quick Ratio | 0.63 | 0.35 | 0.40 | 0.63 | 0.59 | 0.61 | 0.55 | 0.45 | 0.48 | 0.60 | 0.63 | 0.51 | 0.56 | 0.53 | 0.46 | 0.44 | 0.57 | 0.50 | 0.41 | 0.41 | 0.77 |
| — | -42.7% | -28.5% | +39.8% | +22.7% | +2.8% | -12.0% | -12.2% | -14.2% | +12.4% | +37.5% | +17.4% | -1.3% | +6.5% | +12.3% | +6.0% | -26.6% | -11.4% | -43.4% | -48.3% | -11.5% | |
| Interest Coverage | 3.99 | 3.85 | 3.80 | 3.76 | — | 3.50 | 2.90 | 5.07 | 2.54 | 3.81 | 3.81 | 1.10 | 3.31 | 2.36 | 2.08 | -1.50 | 3.91 | 4.25 | 3.76 | 3.36 | 4.44 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying AMT stock.
American Tower Corporation's current P/E is 30.1x. The average P/E over the last 4 quarters is 24.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
American Tower Corporation's current operating margin is 45.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking American Tower Corporation's business trajectory between earnings reports.