PerpEquities

Equity

Is American Tower (AMT) tradable as a perp? Not yet

American Tower is a global real estate investment trust that leases space on communications sites to wireless providers, broadcasters, and others, and offers tower-related services in the US.

Not yet listed on any perp exchange

No perpetual-futures venue lists AMT yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
AGNCOPEN

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TradingView symbol NYSE:AMT

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Company data

Company fundamentals

Updated 3h ago
Market cap
$81.1B
Updated 3h ago
Revenue
$10.9B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+30.9%
P/E
23.9
Peer P/E 1.8
Free cash flow
$4B
Trailing 12 months
More metrics
Net income
$3.4B
Trailing 12 months
P/S
7.4
Peer P/E
1.8
Similar listed perps
Revenue estimate
$11B
Next fiscal year
Earnings
2026-10-27
Revenue est. $2.8B · Updated 3h ago
Dividend
$1.79
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$10.6B
Net margin+23.8%
Free cash flow$3.8B
Net debt$43.5B
2020$8B
2021$9.4B
2022$9.6B
2023$10B
2024$10.1B
2025$10.6B
PeriodRevenueGrowthNet incomeFCF
2020$8B+6%$1.7B$2.8B
2021$9.4B+16%$2.6B$3.4B
2022$9.6B+3%$1.8B$1.8B
2023$10B+4%$1.5B$2.9B
2024$10.1B+1%$2.3B$3.7B
2025$10.6B+5%$2.5B$3.8B
PeriodGross marginOperating marginNet marginROEROA
2020+72.3%+35.9%+21.0%+41.3%+3.6%
2021+71.3%+33.5%+27.4%+50.5%+3.7%
2022+73.4%+28.4%+18.3%+31.7%+2.6%
2023+74.4%+31.2%+14.8%+35.3%+2.2%
2024+74.6%+44.6%+22.3%+66.7%+3.7%
2025+73.7%+45.8%+23.8%+69.3%+4.0%
PeriodCashDebtNet debtCurrent ratio
2020$1.7B$36.7B$35B0.79
2021$1.9B$52B$50.1B0.41
2022$2B$47.1B$45B0.44
2023$1.8B$46.3B$44.6B0.51
2024$2B$44B$42B0.45
2025$1.5B$45B$43.5B0.63
PeriodMarket capEnterprise valueP/SP/E
2020$99.6B$134.5B12.458.9
2021$132.1B$182.1B14.151.4
2022$97.8B$142.8B10.155.3
2023$100.6B$145.2B10.067.9
2024$85.7B$127.6B8.538.0
2025$82.4B$125.9B7.732.5
Q3 2024$2.5B
Q4 2024$2.5B
Q1 2025$2.6B
Q2 2025$2.6B
Q3 2025$2.7B
Q4 2025$2.7B
Q1 2026$2.7B
Q2 2026$2.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2.5B0%-$792.3M$1B
Q4 2024$2.5B-9%$1.2B$755.6M
Q1 2025$2.6B-10%$488.7M$963.9M
Q2 2025$2.6B-9%$366.8M$976.9M
Q3 2025$2.7B+8%$853.3M$994.5M
Q4 2025$2.7B+7%$821M$848.3M
Q1 2026$2.7B+7%$836.8M$951.1M
Q2 2026$2.7B+5%$867.5M$1.2B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+74.2%+45.2%-31.4%-21.8%-1.3%
Q4 2024+74.3%+42.4%+48.3%+36.4%+2.0%
Q1 2025+75.2%+48.9%+19.1%+13.8%+0.8%
Q2 2025+73.8%+45.6%+14.0%+9.9%+0.6%
Q3 2025+75.1%+46.7%+31.4%+21.6%+1.3%
Q4 2025+70.7%+42.4%+30.0%+22.5%+1.3%
Q1 2026+73.9%+42.4%+30.6%+22.9%+1.3%
Q2 2026+73.0%+46.2%+31.6%+23.3%+1.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.2B$44.8B$42.6B0.48
Q4 2024$2B$44B$42B0.45
Q1 2025$2.1B$44.4B$42.3B0.55
Q2 2025$2.1B$45.2B$43.1B0.61
Q3 2025$2B$45B$43.1B0.59
Q4 2025$1.5B$45B$43.5B0.63
Q1 2026$1.5B$45.1B$43.7B0.40
Q2 2026$1.8B$45B$43.2B0.35
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$108.7B$151.3B43.1-34.2
Q4 2024$85.7B$127.7B33.617.4
Q1 2025$101.8B$144B39.751.8
Q2 2025$103.4B$146.6B39.470.8
Q3 2025$90B$133.1B33.126.4
Q4 2025$82.4B$125.9B30.125.1
Q1 2026$80.5B$124.1B29.423.4
Q2 2026$76.2B$119.5B27.721.9

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.7BQ2 2026
$725.1M$1.5B$2.2B$2.9BQ3 2023: $2.5BQ4 2023: $2.8BQ1 2024: $2.8BQ2 2024: $2.9BQ3 2024: $2.5BQ4 2024: $2.5BQ1 2025: $2.6BQ2 2025: $2.6BQ3 2025: $2.7BQ4 2025: $2.7BQ1 2026: $2.7BQ2 2026: $2.7BQ3 2023Q2 2026
Net income$867.5MQ2 2026
-$286.8M$218.7M$724.1M$1.2BQ3 2023: $586.9MQ4 2023: $84.9MQ1 2024: $917.4MQ2 2024: $900.3MQ3 2024: -$792.3MQ4 2024: $1.2BQ1 2025: $488.7MQ2 2025: $366.8MQ3 2025: $853.3MQ4 2025: $821MQ1 2026: $836.8MQ2 2026: $867.5MQ3 2023Q2 2026
EBITDA$1.9BQ2 2026
$532M$1.1B$1.6B$2.1BQ3 2023: $1.9BQ4 2023: $1.2BQ1 2024: $1.9BQ2 2024: $2BQ3 2024: $1.4BQ4 2024: $2.1BQ1 2025: $1.4BQ2 2025: $1.7BQ3 2025: $1.5BQ4 2025: $1.8BQ1 2026: $1.8BQ2 2026: $1.9BQ3 2023Q2 2026
Free cash flow$1.2BQ2 2026
$291.5M$583M$874.4M$1.2BQ3 2023: $909.9MQ4 2023: $617.3MQ1 2024: $886.9MQ2 2024: $1BQ3 2024: $1BQ4 2024: $755.6MQ1 2025: $963.9MQ2 2025: $976.9MQ3 2025: $994.5MQ4 2025: $848.3MQ1 2026: $951.1MQ2 2026: $1.2BQ3 2023Q2 2026
EPS$1.86Q2 2026
-$0.61$0.47$1.54$2.62Q3 2023: $1.26Q4 2023: $0.18Q1 2024: $1.96Q2 2024: $1.92Q3 2024: -$1.69Q4 2024: $2.62Q1 2025: $1.04Q2 2025: $0.78Q3 2025: $1.82Q4 2025: $1.75Q1 2026: $1.84Q2 2026: $1.86Q3 2023Q2 2026
Cash / Debt$1.8BQ2 2026
$12B$23.9B$35.9B$47.8BQ3 2023 · Cash: $2.1BQ3 2023 · Debt: $46.8BQ4 2023 · Cash: $1.8BQ4 2023 · Debt: $46.3BQ1 2024 · Cash: $2.4BQ1 2024 · Debt: $47.8BQ2 2024 · Cash: $2.5BQ2 2024 · Debt: $47.4BQ3 2024 · Cash: $2.2BQ3 2024 · Debt: $44.8BQ4 2024 · Cash: $2BQ4 2024 · Debt: $44BQ1 2025 · Cash: $2.1BQ1 2025 · Debt: $44.4BQ2 2025 · Cash: $2.1BQ2 2025 · Debt: $45.2BQ3 2025 · Cash: $2BQ3 2025 · Debt: $45BQ4 2025 · Cash: $1.5BQ4 2025 · Debt: $45BQ1 2026 · Cash: $1.5BQ1 2026 · Debt: $45.1BQ2 2026 · Cash: $1.8BQ2 2026 · Debt: $45BQ3 2023Q2 2026
CashDebt
Profitability+73.0%Q2 2026
-4.7%+21.9%+48.6%+75.2%Q3 2023 · Gross margin: +74.7%Q4 2023 · Gross margin: +70.9%Q1 2024 · Gross margin: +72.2%Q2 2024 · Gross margin: +71.7%Q3 2024 · Gross margin: +74.2%Q4 2024 · Gross margin: +74.3%Q1 2025 · Gross margin: +75.2%Q2 2025 · Gross margin: +73.8%Q3 2025 · Gross margin: +75.1%Q4 2025 · Gross margin: +70.7%Q1 2026 · Gross margin: +73.9%Q2 2026 · Gross margin: +73.0%Q3 2023 · Operating margin: +36.2%Q4 2023 · Operating margin: +25.7%Q1 2024 · Operating margin: +43.6%Q2 2024 · Operating margin: +44.3%Q3 2024 · Operating margin: +45.2%Q4 2024 · Operating margin: +42.4%Q1 2025 · Operating margin: +48.9%Q2 2025 · Operating margin: +45.6%Q3 2025 · Operating margin: +46.7%Q4 2025 · Operating margin: +42.4%Q1 2026 · Operating margin: +42.4%Q2 2026 · Operating margin: +46.2%Q3 2023 · Net margin: +23.3%Q4 2023 · Net margin: +3.0%Q1 2024 · Net margin: +32.4%Q2 2024 · Net margin: +31.0%Q3 2024 · Net margin: -31.4%Q4 2024 · Net margin: +48.3%Q1 2025 · Net margin: +19.1%Q2 2025 · Net margin: +14.0%Q3 2025 · Net margin: +31.4%Q4 2025 · Net margin: +30.0%Q1 2026 · Net margin: +30.6%Q2 2026 · Net margin: +31.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+4.7%Q2 2026
-5.2%-0.9%+3.4%+7.7%Q3 2024: 0.0%Q4 2024: -8.6%Q1 2025: -9.6%Q2 2025: -9.4%Q3 2025: +7.7%Q4 2025: +7.5%Q1 2026: +6.8%Q2 2026: +4.7%Q3 2023Q2 2026
Shares outstanding466.6MQ2 2026
117.3M234.6M351.9M469.1MQ3 2023: 467.2MQ4 2023: 467.5MQ1 2024: 467.7MQ2 2024: 467.8MQ3 2024: 468.3MQ4 2024: 468.4MQ1 2025: 468.5MQ2 2025: 468.7MQ3 2025: 468.9MQ4 2025: 469.1MQ1 2026: 466.8MQ2 2026: 466.6MQ3 2023Q2 2026
Valuation21.9Q2 2026
49.3132.8216.3299.8Q3 2023 · P/E: 32.6Q4 2023 · P/E: 299.8Q1 2024 · P/E: 24.5Q2 2024 · P/E: 25.1Q3 2024 · P/E: -34.2Q4 2024 · P/E: 17.4Q1 2025 · P/E: 51.8Q2 2025 · P/E: 70.8Q3 2025 · P/E: 26.4Q4 2025 · P/E: 25.1Q1 2026 · P/E: 23.4Q2 2026 · P/E: 21.9Q3 2023 · P/S: 30.4Q4 2023 · P/S: 36.1Q1 2024 · P/S: 31.8Q2 2024 · P/S: 31.2Q3 2024 · P/S: 43.1Q4 2024 · P/S: 33.6Q1 2025 · P/S: 39.7Q2 2025 · P/S: 39.4Q3 2025 · P/S: 33.1Q4 2025 · P/S: 30.1Q1 2026 · P/S: 29.4Q2 2026 · P/S: 27.7Q3 2023Q2 2026
P/EP/S
Revenue$10.6B2025
$2.7B$5.3B$8B$10.6B2018: $7.4B2019: $7.6B2020: $8B2021: $9.4B2022: $9.6B2023: $10B2024: $10.1B2025: $10.6B20182025
Net income$2.5B2025
$641.9M$1.3B$1.9B$2.6B2018: $1.2B2019: $1.9B2020: $1.7B2021: $2.6B2022: $1.8B2023: $1.5B2024: $2.3B2025: $2.5B20182025
EBITDA$6.1B2025
$1.8B$3.6B$5.4B$7.2B2018: $4.1B2019: $4.5B2020: $4.5B2021: $6B2022: $6.6B2023: $6B2024: $7.2B2025: $6.1B20182025
Free cash flow$3.8B2025
$945.9M$1.9B$2.8B$3.8B2018: $2.8B2019: $2.8B2020: $2.8B2021: $3.4B2022: $1.8B2023: $2.9B2024: $3.7B2025: $3.8B20182025
EPS$5.392025
$1.42$2.83$4.25$5.662018: $2.792019: $4.242020: $3.792021: $5.662022: $3.822023: $3.182024: $4.822025: $5.3920182025
Cash / Debt$1.5B2025
$13B$26B$39B$52B2018 · Cash: $1.2B2018 · Debt: $21.2B2019 · Cash: $1.5B2019 · Debt: $31.1B2020 · Cash: $1.7B2020 · Debt: $36.7B2021 · Cash: $1.9B2021 · Debt: $52B2022 · Cash: $2B2022 · Debt: $47.1B2023 · Cash: $1.8B2023 · Debt: $46.3B2024 · Cash: $2B2024 · Debt: $44B2025 · Cash: $1.5B2025 · Debt: $45B20182025
CashDebt
Profitability+73.7%2025
+18.6%+37.3%+55.9%+74.6%2018 · Gross margin: +70.7%2019 · Gross margin: +70.8%2020 · Gross margin: +72.3%2021 · Gross margin: +71.3%2022 · Gross margin: +73.4%2023 · Gross margin: +74.4%2024 · Gross margin: +74.6%2025 · Gross margin: +73.7%2018 · Operating margin: +25.6%2019 · Operating margin: +35.5%2020 · Operating margin: +35.9%2021 · Operating margin: +33.5%2022 · Operating margin: +28.4%2023 · Operating margin: +31.2%2024 · Operating margin: +44.6%2025 · Operating margin: +45.8%2018 · Net margin: +16.6%2019 · Net margin: +24.9%2020 · Net margin: +21.0%2021 · Net margin: +27.4%2022 · Net margin: +18.3%2023 · Net margin: +14.8%2024 · Net margin: +22.3%2025 · Net margin: +23.8%20182025
Gross marginOperating marginNet margin
Revenue growth+5.1%2025
+4.1%+8.2%+12.3%+16.4%2019: +1.9%2020: +6.1%2021: +16.4%2022: +3.1%2023: +3.8%2024: +1.1%2025: +5.1%20182025
Shares outstanding469.1M2025
117.3M234.6M351.9M469.1M2018: 443M2019: 445.5M2020: 446.1M2021: 453.3M2022: 462.8M2023: 467.2M2024: 468.1M2025: 469.1M20182025
Valuation32.52025
17.033.950.967.92018 · P/E: 56.32019 · P/E: 53.82020 · P/E: 58.92021 · P/E: 51.42022 · P/E: 55.32023 · P/E: 67.92024 · P/E: 38.02025 · P/E: 32.52018 · P/S: 9.32019 · P/S: 13.42020 · P/S: 12.42021 · P/S: 14.12022 · P/S: 10.12023 · P/S: 10.02024 · P/S: 8.52025 · P/S: 7.720182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20266.97$11B+4%8
FY 20277.02$11.4B+7%10
FY 20287.75$12.1B+13%12
FY 20298.75$12.8B+20%9
FY 20309.44$13.2B+24%5
Q1 20271.74$2.8B+3%3

Company events

6
2026-10-27EarningsActual - / Estimate 1.64-
2026-09-30Dividend$1.79-
2026-07-28EarningsActual 1.86 / Estimate 1.57Beat
2026-06-12Dividend$1.79-
2026-04-28EarningsActual 1.84 / Estimate 1.6Beat
2026-04-14Dividend$1.79-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
AGNC$11.3B3.75.0+72.0%1OPEN$2.5B0.6-1.4-46.7%1

Analyst track record

How the analysts covering AMT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings99270
Analysts2437
Buy / hold / sell76 / 23 / 0227 / 43 / 0
Upgrades / downgrades / initiations8 / 4 / 311 / 6 / 9
Price targets hit / missed0 / 91 (0%)1 / 242 (0%)
Avg. return after a rating (TipRanks)-18.3%-21.8%
Best / worst call-5.1% / -32.5%+3.9% / -35.0%

After buy calls on this stock: median 21-day move +0.2% vs S&P 500 -1.4% (n = 223)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Eric LuebchowWells Fargo69% hit rate on this stock · 16 targets measuredBuytarget $200Jul 29, 2026
  2. Brendan LynchBarclays67% hit rate on this stock · 18 targets measuredBuytarget $198Aug 20, 2026
  3. Ari KleinBMO Capital53% hit rate on this stock · 15 targets measuredHoldtarget $195Jul 28, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Madison RezaeiBernsteinBuyMaintained$214article ↗
Aug 31, 2026Madison RezaeiBernsteinBuyMaintained$214article ↗
Aug 21, 2026Madison RezaeiBernsteinBuyMaintained$214article ↗
Aug 20, 2026Vikram MalhotraMizuho SecuritiesBuyMaintained$208article ↗
Aug 20, 2026Brendan LynchBarclaysBuyUpgraded$198article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$160$180$200$220$240Oct 25 · Buy 14 · Hold 3 · Sell 0Oct 25Nov 25 · Buy 14 · Hold 3 · Sell 0Dec 25 · Buy 12 · Hold 5 · Sell 0Dec 25Jan 26 · Buy 11 · Hold 5 · Sell 0Feb 26 · Buy 12 · Hold 5 · Sell 0Feb 26Mar 26 · Buy 12 · Hold 6 · Sell 0Apr 26 · Buy 14 · Hold 5 · Sell 0Apr 26May 26 · Buy 15 · Hold 4 · Sell 0Jun 26 · Buy 19 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 19 · Hold 3 · Sell 0Aug 26 · Buy 20 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 20 · Hold 2 · Sell 0Oct 25 · avg. target $235Nov 25 · avg. target $231Dec 25 · avg. target $230Jan 26 · avg. target $216Feb 26 · avg. target $216Mar 26 · avg. target $213Apr 26 · avg. target $215May 26 · avg. target $215Jun 26 · avg. target $215Jul 26 · avg. target $215Aug 26 · avg. target $215Sep 26 · avg. target $215Oct 25 · month-end close $179Nov 25 · month-end close $181Dec 25 · month-end close $176Jan 26 · month-end close $179Feb 26 · month-end close $192Mar 26 · month-end close $173Apr 26 · month-end close $183May 26 · month-end close $187Jun 26 · month-end close $164Jul 26 · month-end close $173Aug 26 · month-end close $176Sep 26 · month-end close $176

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 99 ratings