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American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
1995
4.7K+
LTM Revenue $10.2B
LTM EBITDA $6.8B
$141B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
American Tower has a last 12-month revenue of $10.2B and a last 12-month EBITDA of $6.8B.
In the most recent fiscal year, American Tower achieved revenue of $10.1B and an EBITDA of $7.2B.
American Tower expects next 12-month revenue of XXX and NTM EBITDA of XXX
See American Tower valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.1B | $10.1B | XXX | XXX | XXX |
| Gross Profit | $7.4B | $7.9B | XXX | XXX | XXX |
| Gross Margin | 67% | 78% | XXX | XXX | XXX |
| EBITDA | $6.0B | $7.2B | XXX | XXX | XXX |
| EBITDA Margin | 54% | 71% | XXX | XXX | XXX |
| Net Profit | $1.8B | $1.5B | XXX | XXX | XXX |
| Net Margin | 16% | 15% | XXX | XXX | XXX |
| Net Debt | $36.6B | $36.9B | XXX | XXX | XXX |
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As of March 14, 2025, American Tower's stock price is $211.
American Tower has current market cap of $98.6B, and EV of $141B.
See American Tower trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $141B | $98.6B | XXX | XXX | XXX | XXX | $5.15 |
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Sign UpAs of March 14, 2025, American Tower has market cap of $98.6B and EV of $141B.
American Tower's trades at 13.8x LTM EV/Revenue multiple, and 20.6x LTM EBITDA.
Analysts estimate American Tower's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for American Tower and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $141B | XXX | XXX | XXX |
| EV/Revenue | 13.9x | XXX | XXX | XXX |
| EV/EBITDA | 19.6x | XXX | XXX | XXX |
| P/E | 43.7x | XXX | XXX | XXX |
| P/E/Growth | 2.1x | XXX | XXX | XXX |
| EV/FCF | 38.0x | XXX | XXX | XXX |
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Sign UpAmerican Tower's NTM/LTM revenue growth is 2%
American Tower's revenue per employee for the last fiscal year averaged $2.2M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, American Tower's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate American Tower's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for American Tower and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -9% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 71% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 73% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 29% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Scentre Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WOTSO Flexspace | XXX | XXX | XXX | XXX | XXX | XXX |
| Shurgard | XXX | XXX | XXX | XXX | XXX | XXX |
| HSI Renda ImobiliƔria | XXX | XXX | XXX | XXX | XXX | XXX |
| Segro | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
American Tower acquired XXX companies to date.
Last acquisition by American Tower was XXXXXXXX, XXXXX XXXXX XXXXXX . American Tower acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was American Tower founded? | American Tower was founded in 1995. |
| Where is American Tower headquartered? | American Tower is headquartered in United States of America. |
| How many employees does American Tower have? | As of today, American Tower has 4.7K+ employees. |
| Who is the CEO of American Tower? | American Tower's CEO is Mr. Steven O. Vondran. |
| Is American Tower publicy listed? | Yes, American Tower is a public company listed on NYS. |
| What is the stock symbol of American Tower? | American Tower trades under AMT ticker. |
| When did American Tower go public? | American Tower went public in 1998. |
| Who are competitors of American Tower? | Similar companies to American Tower include e.g. Scentre Group, WOTSO Flexspace, Shurgard, HSI Renda ImobiliƔria. |
| What is the current market cap of American Tower? | American Tower's current market cap is $98.6B |
| What is the current revenue of American Tower? | American Tower's last 12-month revenue is $10.2B. |
| What is the current EBITDA of American Tower? | American Tower's last 12-month EBITDA is $6.8B. |
| What is the current EV/Revenue multiple of American Tower? | Current revenue multiple of American Tower is 13.8x. |
| What is the current EV/EBITDA multiple of American Tower? | Current EBITDA multiple of American Tower is 20.6x. |
| What is the current revenue growth of American Tower? | American Tower revenue growth between 2023 and 2024 was -9%. |
| Is American Tower profitable? | Yes, American Tower is EBITDA-positive (as of the last 12 months). |
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