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American Tower Corporation Competitors & Alternatives

American Tower Corporation competitors and alternatives include Equinix, etc.…

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Company
Company
Ticker
AMT
EQIX
Headquarter
Boston ,MA
US
Redwood City ,CA
US
CEO
Steven O. Vondran
Adaire Rita Fox-Martin
Industry
REIT - Specialty
REIT - Specialty
Stock Price
Stock Price
Market Cap
Market Cap
$81.44 B
$78.16 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 6.39 K
  • 5.64 K
  • 4.69 K
  • 12.10 K
  • 13.15 K
  • 13.61 K
Y/Y
0.2%
11.7%
16.87%
10.54%
8.71%
3.46%

Income Statement

Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue
  • $9.65 B
  • $10.01 B
  • $10.13 B
  • $7.26 B
  • $8.19 B
  • $8.75 B
Y/Y
3.08%
3.8%
1.15%
9.46%
12.74%
6.84%
Revenue by Products / Services
Years
  • 2024
  • 2024
Revenue by Geography
Years
  • 2024
  • 2024
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income
  • $2.74 B
  • $3.13 B
  • $4.52 B
  • $1.20 B
  • $1.44 B
  • $1.33 B
Y/Y
12.56%
14.13%
44.5%
8.29%
20.25%
7.97%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 5.41%
  • 5.94%
  • 10.11%
  • 14.96%
  • 13.79%
  • 16.51%
Y/Y
41.56%
9.8%
70.2%
16.61%
7.81%
19.74%
Net Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income
  • $1.77 B
  • $1.48 B
  • $2.26 B
  • $704.35 M
  • $969.18 M
  • $815.00 M
Y/Y
31.23%
16%
52.03%
40.82%
37.6%
15.91%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $1.57 M
  • $1.79 M
  • -
  • $676.87 K
  • $665.20 K
  • -
Y/Y
3.59%
14.56%
100%
1.99%
1.73%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $232.09 K
  • $399.61 K
  • -
  • $80.12 K
  • $61.97 K
  • -
Y/Y
16.17%
72.18%
100%
24.48%
22.65%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Assets
  • $67.19 B
  • $66.03 B
  • $61.08 B
  • $30.31 B
  • $32.65 B
  • $35.09 B
Y/Y
3.85%
1.74%
7.5%
8.57%
7.72%
7.45%
Total Liabilities
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $54.79 B
  • $55.16 B
  • $51.43 B
  • $18.80 B
  • $20.14 B
  • $21.53 B
Y/Y
9.92%
0.69%
6.77%
10.38%
7.08%
6.93%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$1.87 B
  • -$1.80 B
  • -$1.59 B
  • -$2.28 B
  • -$2.78 B
  • -$3.07 B
Y/Y
36.09%
4.03%
11.57%
17.21%
22.08%
10.25%

Profitability

Operating Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 28.39%
  • 31.22%
  • 44.60%
  • 16.52%
  • 17.62%
  • 15.18%
Y/Y
15.18%
9.95%
42.86%
1.07%
6.67%
13.86%
Net Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 18.31%
  • 14.81%
  • 22.27%
  • 9.70%
  • 11.84%
  • 9.32%
Y/Y
33.29%
19.08%
50.3%
28.65%
22.05%
21.29%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • $6.58 B
  • $6.00 B
  • $7.15 B
  • $2.92 B
  • $3.37 B
  • $3.44 B
Y/Y
9.02%
8.71%
19.16%
12.33%
15.37%
2.08%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $1.82 B
  • $2.92 B
  • $3.70 B
  • $685.18 M
  • $435.58 M
  • $183.00 M
Y/Y
47.07%
60.45%
26.54%
435.37%
36.43%
57.99%

Ratios

Return on Equity (ROE)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 31.69%
  • 35.33%
  • 66.67%
  • 6.12%
  • 7.76%
  • 6.02%
Y/Y
37.29%
11.5%
88.7%
33.18%
26.77%
22.37%
Return on Assets (ROA)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 2.63%
  • 2.25%
  • 3.69%
  • 2.32%
  • 2.97%
  • 2.32%
Y/Y
28.47%
14.51%
64.35%
29.7%
27.74%
21.74%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 844.36%
  • 1,103.02%
  • 1,299.57%
  • 143.14%
  • 139.75%
  • 140.16%
Y/Y
17.51%
30.63%
17.82%
3.9%
2.36%
0.29%

Valuation

Enterprise Value
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value
  • $142.80 B
  • $145.17 B
  • $127.61 B
  • $74.54 B
  • $90.75 B
  • $105.89 B
Y/Y
21.59%
1.66%
12.1%
16.61%
21.75%
16.67%
Enterprise value to Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 14.80
  • 14.50
  • 12.60
  • 10.26
  • 11.08
  • 12.10
Y/Y
23.94%
2.07%
13.09%
23.81%
7.99%
9.21%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 21.71
  • 24.18
  • 17.84
  • 25.51
  • 26.92
  • 30.77
Y/Y
28.08%
11.36%
26.23%
25.76%
5.53%
14.3%

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