American Tower annual free cash flow
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2025
American Tower Free Cash Flow (FCF) History (AMT)
American Tower reported $3.78B in free cash flow for fiscal 2025, an increase of 2.25% from the previous fiscal year, with a free cash flow margin of 404.27%.
View full American Tower company overviewAmerican Tower free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.78B | $83.1M | +2.25% | +404.27% |
| 2024 | 2024-12-31 | $3.70B | $776.2M | +26.54% | +477.73% |
| 2023 | 2023-12-31 | $2.92B | $1.10B | +60.45% | +391.32% |
| 2022 | 2022-12-31 | $1.82B | −$1.62B | −47.07% | +216.80% |
| 2021 | 2021-12-31 | $3.44B | $593.5M | +20.83% | +480.09% |
| 2020 | 2020-12-31 | $2.85B | $88.4M | +3.20% | +574.88% |
| 2019 | 2019-12-31 | $2.76B | −$73.8M | −2.60% | +523.77% |
| 2018 | 2018-12-31 | $2.84B | $713.1M | +33.61% | +577.06% |
| 2017 | 2017-12-31 | $2.12B | $100.9M | +4.99% | +31.84% |
| 2016 | 2016-12-31 | $2.02B | $566.8M | +38.97% | +34.93% |
| 2015 | 2015-12-31 | $1.45B | $294.1M | +25.35% | +30.48% |
| 2014 | 2014-12-31 | $1.16B | $285.7M | +32.67% | +28.30% |
| 2013 | 2013-12-31 | $874.5M | $28.2M | +3.33% | +26.02% |
| 2012 | 2012-12-31 | $846.3M | $203.4M | +31.64% | +29.43% |
| 2011 | 2011-12-31 | $642.9M | −$31.4M | −4.65% | +26.31% |
| 2010 | 2010-12-31 | $674.3M | $82.4M | +13.93% | +33.96% |
| 2009 | 2009-12-31 | $591.9M | $62.1M | +11.72% | +34.33% |
| 2008 | 2008-12-31 | $529.8M | −$8.5M | −1.58% | +33.25% |
| 2007 | 2007-12-31 | $538.3M | — | — | +36.96% |
American Tower quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.17B | $189.0M | +19.35% | +42.41% |
| Q1 2026 | 2026-03-31 | $951.1M | −$12.8M | −1.33% | +440.12% |
| Q4 2025 | 2025-12-31 | $848.3M | $92.7M | +12.27% | +385.94% |
| Q3 2025 | 2025-09-30 | $994.5M | −$50.2M | −4.81% | +403.61% |
| Q2 2025 | 2025-06-30 | $976.9M | −$36.4M | −3.59% | +400.86% |
| Q1 2025 · Mar 31 | 2025-03-31 | $963.9M | $77.0M | +8.68% | +426.50% |
| Q4 2024 | 2024-12-31 | $755.6M | — | — | +29.66% |
| Q3 2024 | 2024-09-30 | $1.04B | $134.8M | +14.81% | +548.69% |
| Q2 2024 | 2024-06-30 | $1.01B | $224.8M | +28.51% | +515.94% |
| Q1 2024 · Mar 31 | 2024-03-31 | $886.9M | $278.3M | +45.73% | +512.66% |
| Q3 2023 | 2023-09-30 | $909.9M | $436.8M | +92.33% | +489.98% |
| Q2 2023 | 2023-06-30 | $788.5M | $243.3M | +44.63% | +401.89% |
| Q1 2023 · Mar 31 | 2023-03-31 | $608.6M | $331.1M | +119.32% | +295.87% |
| Q3 2022 | 2022-09-30 | $473.1M | −$1.31B | −73.46% | +214.46% |
| Q2 2022 | 2022-06-30 | $545.2M | −$128.8M | −19.11% | +251.24% |
| Q1 2022 | 2022-03-31 | $277.5M | −$490.4M | −63.86% | +132.58% |
| Q3 2021 | 2021-09-30 | $1.78B | $1.07B | +148.80% | +870.74% |
| Q2 2021 | 2021-06-30 | $674.0M | −$104.3M | −13.40% | +375.28% |
| Q1 2021 · Mar 31 | 2021-03-31 | $767.9M | $182.3M | +31.13% | +541.16% |
| Q3 2020 | 2020-09-30 | $716.4M | $39.5M | +5.84% | +544.38% |
| Q2 2020 | 2020-06-30 | $778.3M | −$14.8M | −1.87% | +662.95% |
| Q1 2020 | 2020-03-31 | $585.6M | $21.3M | +3.77% | +496.27% |
| Q4 2019 | 2019-12-31 | $727.0M | −$233.4M | −24.30% | +37.79% |
| Q3 2019 | 2019-09-30 | $676.9M | $109.1M | +19.21% | +493.01% |
| Q2 2019 | 2019-06-30 | $793.1M | $79.5M | +11.14% | +565.29% |
| Q1 2019 | 2019-03-31 | $564.3M | −$29.0M | −4.89% | +450.72% |
| Q4 2018 | 2018-12-31 | $960.4M | $420.0M | +77.72% | +45.05% |
| Q3 2018 | 2018-09-30 | $567.8M | $87.5M | +18.22% | +465.79% |
| Q2 2018 | 2018-06-30 | $713.6M | $122.4M | +20.70% | +40.07% |
| Q1 2018 | 2018-03-31 | $593.3M | $83.2M | +16.31% | +34.06% |
| Q4 2017 | 2017-12-31 | $540.4M | $22.6M | +4.36% | +31.70% |
| Q3 2017 | 2017-09-30 | $480.3M | −$31.1M | −6.08% | +28.58% |
| Q2 2017 | 2017-06-30 | $591.2M | $8.6M | +1.48% | +35.56% |
| Q1 2017 | 2017-03-31 | $510.1M | $100.8M | +24.63% | +31.56% |
| Q4 2016 | 2016-12-31 | $517.8M | $89.1M | +20.79% | +33.64% |
| Q3 2016 | 2016-09-30 | $511.4M | $211.1M | +70.31% | +33.76% |
| Q2 2016 | 2016-06-30 | $582.6M | $208.0M | +55.53% | +40.40% |
| Q1 2016 | 2016-03-31 | $409.3M | $58.5M | +16.69% | +31.75% |
| Q4 2015 | 2015-12-31 | $428.7M | $114.8M | +36.56% | +33.49% |
| Q3 2015 | 2015-09-30 | $300.3M | $60.1M | +25.05% | +24.26% |
| Q2 2015 | 2015-06-30 | $374.6M | $31.1M | +9.07% | +31.90% |
| Q1 2015 | 2015-03-31 | $350.7M | $88.1M | +33.52% | +32.50% |
| Q4 2014 | 2014-12-31 | $313.9M | $135.6M | +76.05% | +30.00% |
| Q3 2014 | 2014-09-30 | $240.1M | $47.8M | +24.88% | +23.13% |
| Q2 2014 | 2014-06-30 | $343.4M | $109.7M | +46.91% | +33.30% |
| Q1 2014 | 2014-03-31 | $262.7M | −$7.4M | −2.75% | +26.69% |
| Q4 2013 | 2013-12-31 | $178.3M | $71.5M | +66.93% | +18.93% |
| Q3 2013 | 2013-09-30 | $192.3M | −$10.8M | −5.30% | +23.80% |
| Q2 2013 | 2013-06-30 | $233.8M | −$21.7M | −8.49% | +28.90% |
| Q1 2013 | 2013-03-31 | $270.1M | −$10.9M | −3.86% | +33.65% |
| Q4 2012 | 2012-12-31 | $106.8M | −$83.2M | −43.78% | +13.90% |
| Q3 2012 | 2012-09-30 | $203.0M | $72.9M | +56.01% | +28.46% |
| Q2 2012 | 2012-06-30 | $255.5M | $118.6M | +86.70% | +36.62% |
| Q1 2012 | 2012-03-31 | $281.0M | $95.1M | +51.14% | +40.34% |
| Q4 2011 | 2011-12-31 | $190.0M | $61.8M | +48.25% | +29.09% |
| Q3 2011 | 2011-09-30 | $130.2M | −$32.1M | −19.78% | +20.65% |
| Q2 2011 | 2011-06-30 | $136.8M | −$48.5M | −26.15% | +22.91% |
| Q1 2011 | 2011-03-31 | $185.9M | −$12.7M | −6.38% | +33.04% |
| Q4 2010 | 2010-12-31 | $128.2M | $3.3M | +2.63% | +23.40% |
| Q3 2010 | 2010-09-30 | $162.3M | −$9.2M | −5.38% | +31.61% |
| Q2 2010 | 2010-06-30 | $185.3M | $45.9M | +32.94% | +39.43% |
| Q1 2010 | 2010-03-31 | $198.6M | $42.5M | +27.21% | +43.70% |
| Q4 2009 | 2009-12-31 | $124.9M | — | — | +27.88% |
| Q3 2009 | 2009-09-30 | $171.5M | $12.2M | +7.63% | +38.61% |
| Q2 2009 | 2009-06-30 | $139.4M | — | — | +32.92% |
| Q1 2009 | 2009-03-31 | $156.1M | — | — | +38.20% |
| Q3 2008 | 2008-09-30 | $159.3M | — | — | +38.93% |
American Tower free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.85B to $3.78B, a compound annual growth rate of 5.83%. American Tower's latest reported quarter, Q2 2026, generated $1.17B in free cash flow, an increase of 19.35% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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