American Tower annual free cash flow
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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 | $740.2M | +36.62% | +523.77% |
| 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 |
|---|---|---|---|---|---|
| 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 | 2025-03-31 | $963.9M | $77.0M | +8.68% | +426.50% |
| Q4 2024 | 2024-12-31 | $755.6M | $138.3M | +22.40% | +351.77% |
| 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 | 2024-03-31 | $886.9M | $278.3M | +45.73% | +512.66% |
| Q4 2023 | 2023-12-31 | $617.3M | $90.5M | +17.18% | +386.54% |
| 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 | 2023-03-31 | $608.6M | $331.1M | +119.32% | +295.87% |
| Q4 2022 | 2022-12-31 | $526.8M | $307.9M | +140.66% | +271.83% |
| 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% |
| Q4 2021 | 2021-12-31 | $218.9M | −$550.5M | −71.55% | +114.61% |
| 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 | 2021-03-31 | $767.9M | $182.3M | +31.13% | +541.16% |
| Q4 2020 | 2020-12-31 | $769.4M | $42.4M | +5.83% | +597.82% |
| 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 | $159.2M | +28.04% | +584.41% |
| Q3 2019 · Sep 30 | 2019-09-30 | $676.9M | −$36.7M | −5.14% | +493.01% |
| Q2 2019 · Jun 30 | 2019-06-30 | $793.1M | $199.8M | +33.68% | +565.29% |
| Q1 2019 · Mar 31 | 2019-03-31 | $564.3M | $84.0M | +17.49% | +450.72% |
| Q3 2019 · Sep 30 | 2018-09-30 | $567.8M | −$23.4M | −3.96% | +465.79% |
| Q2 2019 · Jun 30 | 2018-06-30 | $713.6M | $203.5M | +39.89% | +40.07% |
| Q1 2019 · Mar 31 | 2018-03-31 | $593.3M | $75.5M | +14.57% | +34.06% |
| 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 | −$34.4M | −21.61% | +27.88% |
| Q3 2009 | 2009-09-30 | $171.5M | — | — | +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, Q1 2026, generated $951.1M in free cash flow, a decrease of 1.33% 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 SEC-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.
Review American Tower filings at SEC.gov ↗