American Tower Corporation (AMT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AMT Revenue Growth
Revenue Breakdown (FY 2025)
AMT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AMT Revenue Analysis (2014–2025)
As of May 6, 2026, American Tower Corporation (AMT) generated trailing twelve-month (TTM) revenue of $10.82 billion, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q1 2026) recorded $2.74 billion in revenue, down 0.0% sequentially.
Looking at the longer-term picture, AMT's 5-year compound annual growth rate (CAGR) stands at +5.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $10.65 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AMT's business is primarily driven by Property (97%), and Services Revenue (3%). With over half of revenue concentrated in Property, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including CCI (-22.9% YoY), SBAC (+6.3% YoY), and UNIT (+91.5% YoY), AMT has underperformed the peer group in terms of revenue growth. Compare AMT vs CCI →
AMT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AMTCurrent | $10.8B | +6.8% | +5.8% | 45.8% | |
 CCI | $4.3B | -22.9% | -6.1% | 48.7% | |
 SBAC | $2.8B | +6.3% | +6.2% | 48.7% | |
 UNIT | $2.2B | +91.5% | +15.9% | 21.2% | |
 IRM | $6.9B | +15.6% | +10.7% | 20.4% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% |
AMT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.65B | +5.1% | $7.84B | 73.7% | $4.88B | 45.8% |
| 2024 | $10.13B | +1.1% | $7.55B | 74.6% | $4.52B | 44.6% |
| 2023 | $10.01B | +3.8% | $7.45B | 74.4% | $3.13B | 31.2% |
| 2022 | $9.65B | +3.1% | $7.08B | 73.4% | $2.74B | 28.4% |
| 2021 | $9.36B | +16.4% | $6.67B | 71.3% | $3.13B | 33.5% |
| 2020 | $8.04B | +6.1% | $5.81B | 72.3% | $2.89B | 35.9% |
| 2019 | $7.58B | +1.9% | $5.37B | 70.8% | $2.69B | 35.5% |
| 2018 | $7.44B | +11.6% | $5.26B | 70.7% | $1.91B | 25.6% |
| 2017 | $6.66B | +15.2% | $4.61B | 69.2% | $2.00B | 30.0% |
| 2016 | $5.79B | +21.3% | $4.00B | 69.1% | $1.85B | 32.0% |
Full AMT Stock Analysis
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Start ComparisonAMT — Frequently Asked Questions
Quick answers to the most common questions about buying AMT stock.
Is AMT's revenue growth accelerating or slowing?
AMT maintains +6.8% revenue growth, in line with its 5-year CAGR of +5.8%. TTM revenue stands at $10.8B. Growth rate remains consistent with historical average.
What is AMT's long-term revenue growth rate?
American Tower Corporation's 5-year revenue CAGR of +5.8% reflects the sustained expansion pattern. Current YoY growth of +6.8% is near this long-term average.
How is AMT's revenue distributed by segment?
AMT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.