The Inventing Press

AMERICAN TOWER CORP /MA/

Financial highlights

MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$10.6B$10.1B$10.0B$9.6B$9.4B
Selling, general & administrative$940.7M$933.4M$946.0M$902.1M$811.6M
Operating income$4.8B$4.5B$3.1B$2.7B$3.1B
Interest expense$1.4B$1.4B$1.4B$1.1B$870.9M
Pretax income$3.0B$3.6B$1.5B$2.1B$2.8B
Income tax expense$415.7M$366.3M$90.8M$112.8M$261.8M
Net income$2.6B$2.3B$1.4B$1.7B$2.6B
Balance Sheet
Cash and equivalents$1.5B$2.0B$1.8B$1.5B$1.9B
Current assets$2.7B$3.2B$3.7B$3.6B$3.7B
Total assets$63.2B$61.1B$66.0B$67.2B$69.9B
Current liabilities$6.9B$7.1B$7.2B$8.3B$9.1B
Total liabilities$52.8B$51.4B$55.2B$54.8B$60.8B
Stockholders' equity$3.7B$3.4B$4.2B$5.6B$5.1B
Cash Flow Statement
Cash from operations$5.5B$5.3B$4.7B$3.7B$4.8B
Depreciation and amortization$2.0B$2.0B$2.9B$3.2B$2.3B
Stock-based compensation$174.2M$203.6M$195.7M$169.3M$119.5M
Capital expenditure$1.7B$1.6B$1.8B$1.9B$1.4B
Free cash flow$3.8B$3.7B$2.9B$1.8B$3.4B
Dividends paid$3.2B$3.0B$3.0B$2.7B$2.3B
Share repurchases$364.6M$0$0$18.8M$0
Impairments$100.7M$68.6M$280.0M$147.3M$173.7M

Shares outstanding 465.9M · Free float 99.3%

Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.