American Tower Corporation's Income Statement Analysis: Revenue to Profit Breakdown
American Tower Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$9.36 B | $9.65 B | $10.01 B | $10.13 B | $10.65 B | $10.94 B |
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Cost of Revenue Direct cost of goods/services. |
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$2.68 B | $2.57 B | $2.56 B | $2.57 B | $2.80 B | $2.93 B |
Gross Profit Revenue minus cost of revenue. |
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$6.67 B | $7.08 B | $7.45 B | $7.55 B | $7.84 B | $8.01 B |
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Operating Expense
Costs to run business. |
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$3.54 B | $4.34 B | $4.33 B | $3.04 B | $2.96 B | $3.15 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$811.60 M | $902.10 M | $946.00 M | $933.40 M | $944.20 M | $943.30 M |
General and Administrative Corporate overhead costs. |
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$811.60 M | - | - | - | $944.20 M | $476.50 M |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$2.73 B | $3.44 B | $3.38 B | $2.10 B | $2.02 B | $2.21 B |
Operating Income Profit from operations. |
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$3.13 B | $2.74 B | $3.13 B | $4.52 B | $4.88 B | $4.86 B |
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Net Interest Income
Interest income minus expense. |
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-$830.50 M | -$1.09 B | -$1.27 B | -$1.27 B | -$924.30 M | -$928.00 M |
Interest Income Income from investments. |
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$40.40 M | $49.10 M | $118.60 M | $135.20 M | $93.60 M | $120.90 M |
Interest Expense Cost of borrowing. |
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$870.90 M | $1.14 B | $1.39 B | $1.40 B | $1.02 B | $1.05 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$568.30 M | -$483.40 M | $208.00 M | -$512.80 M | $818.50 M | -$79.70 M |
Total Other Income (Net) Net non-operating items. |
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-$302.60 M | -$652.60 M | -$1.60 B | -$891.70 M | -$1.84 B | -$969.20 M |
Income Before Tax Profit before taxes. |
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$2.83 B | $2.09 B | $1.53 B | $3.62 B | $3.04 B | $3.89 B |
Income Tax Expense Taxes on income. |
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$261.80 M | $112.80 M | $90.80 M | $366.30 M | $415.70 M | $415.40 M |
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Net Income
Final profit. |
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$2.57 B | $1.77 B | $1.48 B | $2.26 B | $2.53 B | $3.38 B |
Net Income From Continuing Operations Profit from core business. |
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$2.57 B | $1.97 B | $1.44 B | $3.26 B | $2.63 B | $3.47 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | -$276.50 M | -$71.40 M | -$978.30 M | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | $16.10 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$5.69 | $3.83 | $3.18 | $4.83 | $5.40 | $7.28 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$5.66 | $3.82 | $3.18 | $4.82 | $5.39 | $7.27 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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451.50 M | 461.52 M | 466.06 M | 467.01 M | 469.14 M | 466.07 M |
Diluted Average Shares Outst. Shares including dilution. |
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453.29 M | 462.75 M | 467.16 M | 468.12 M | 469.14 M | 466.58 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$3.70 B | $3.22 B | $2.92 B | $5.03 B | $4.06 B | $4.94 B |
EBITDA Earnings before interest, tax, D&A. |
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$6.03 B | $6.58 B | $6.00 B | $7.15 B | $6.12 B | $7.03 B |
Depreciation and Amortization Non-cash expense for assets. |
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$2.33 B | $3.36 B | $3.09 B | $2.12 B | $2.06 B | $2.09 B |
| Company Report |
American Tower Corporation's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jun 30, 2026 |
| Latest financial periods ended |
Quarterly: Q2 FY2026 (June 30, 2026) Annual: FY 2025 (December 31, 2025) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




