AMTAMERICAN TOWER CORP /MA/
Real Estate Investment Trusts
- Revenue
- $936M
- 21% YoY
- Operating margin
- 517.8%
- 11% YoY
- EBITDA
- $5.9B
- 5.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.2×
- $19.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear323% of net incomeCash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear65% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear19% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $717M | $841M | $747M | $775M | $936M | 21% |
| Operating income | $3.1B | $2.7B | $3.1B | $4.5B | $4.8B | 7.3% |
| Operating cash flow | $4.8B | $3.7B | $4.7B | $5.3B | $5.5B | 3.3% |
| Capex | $1.4B | $1.9B | $1.8B | $1.6B | $1.7B | 5.7% |
| Stock-based comp | $120M | $169M | $196M | $204M | $174M | 14% |
| Buybacks | $0 | $19M | $0 | $0 | $365M | |
| Dividends | $2.3B | $2.7B | $3.0B | $3.0B | $3.2B | 5.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $29K · 4
- Open-market sells, 12 mo
- $7M · 5
- Net
- −$7M
Pay vs performance
No pay-versus-performance disclosure yet.