American Tower Corporation (AMT) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$187.78 +1.02% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $188.58

American Tower Corporation (AMT) earns a Roarable Rating of B- (Buy) with 71/100 RQD Confidence. High-quality cash engine (steady margins, 16% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

ROARABLE B- • BUY Cap $86.20B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is AMT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-02, American Tower Corporation (NYSE: AMT) is rated B- (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 71/100 at a spot price of $187.78 (+1.02% 1D, market cap $86.20B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, AMT ranks #88 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does AMT compare to EQIX and SPG in the Financials sector?
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Within the Financials sector (Real Estate Investment Trusts), AMT carries a Roarable B- (71/100 RQD), trailing P/E of 22.8x, gross margin of —, and ROIC of 15.7%. By comparison, EQIX (Equinix Inc.) holds a C grade (65/100 RQD, P/E 76.0x, ROIC 6.3%, cap $102.62B) and SPG (Simon Property Group Inc.) posts a B grade (74/100 RQD, P/E 28.2x, ROIC 13.5%, cap $69.80B). Among the 5-stock peer group, AMT leads on earnings multiple (22.8x) while AMT leads on capital efficiency (15.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for AMT?
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Per AMT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001053507), American Tower Corporation generated $935.9M in revenue (+20.8% YoY), $0 in net income, and $3.78B in free cash flow against $63.19B in total assets and $23.78B in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

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INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $188.57 (+0.42%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 404.3% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 71/100 (B-) historically ranked in the Top 14% of excess returns over the next 90 days (+6.8% avg 90D alpha vs SPY • 68.4% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERBUY • B-
025507510071
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C
Cash (15)Whales (14)SEC (13)Macro (13)CEO (16)
Each axis scored 0–20
12M PRICE TARGET CONE+5.9% Base Target
$235 Bull$199 Base$154 Bear
📬 FREE AMT RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for AMT)Realized 20D OHLCV Swing Band: ±6.2%
Deterministic 5-Pillar Attribution (71/100 Composite)
🔍 WHY AMT SCORES 71/100 (B-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (23% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+15/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 404.3% FCF Margin ($3.78B FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Macro Regime Fit13/20 pts (-7 pt drag)

Macro rate sensitivity & RSI-14 (58.7) create a -7 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
63
Grade C+$179.43+2.3% Next Q
Q2 (-2Q)
66
Grade B-$183.56+0.1% Next Q
Q3 (-1Q)
68
Grade B-$183.83+2.1% Next Q
Current
71
Grade B-$187.78+6.8% Hist 90D α
Trajectory: C+ (63) → B- (71)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the AMT Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 71/100 (B-) score, AMT faces multiple-compression risk if 22.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($176.22) or 200D SMA ($177.45) invalidates the momentum regime and cuts Target Base ($198.77) toward Bear Floor ($153.98).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $AMT• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “AMT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How AMT Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$3.78B (404.3% FCF Margin)
Revenue$935.9MGross Profit $486.7M (52%)Cost of Sales $449.2MOp Profit $486.7M (52%)OpEx (R&D/SG&A) $0Net Profit$0 (0%)Tax/Other $486.7M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $747.3M
FY24
Rev $774.6M
FY25
Rev $935.9M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$935.9M52%517.8%$0$3.78B14.8%
FY 2024$774.6M52%583.1%$0$3.70B14.5%
FY 2023$747.3M52%418.2%$0$4.69B8.6%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring AMT)

  • ✓Walkthrough of AMT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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AMT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +3.81%📐 HORIZONTAL RANGE
2026-11-02O $183.8H $187.8L $183.8C $187.8VOL 2.28M
RES: $205.0SUP: $159.2SMA50: $176.2SMA200: $177.5
$205.5$193.2$180.9$168.5$156.2RES $205.0SUP $159.2$187.82026-05-042026-06-172026-08-042026-09-182026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

AMT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
16.5%/yr Implied 5Y Growth

vs. +20.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on AMT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for AMT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for AMT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (AMT)

Financials Rank #88 of 1096 ⚔️ EQIX vs AMT Full Matrix →

1. Head-to-Head Financials Peer Comparison (AMT vs. EQIX, SPG, DLR, PLD)

Industry: Real Estate Investment Trusts (172 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, American Tower Corporation (AMT) ranks #88 by composite RQD confidence (71/100, grade B-) and #41 by equity capitalization ($86.20B). Within this direct 5-issuer industry benchmark cohort, AMT leads on earnings valuation at 22.8x trailing P/E, while AMT leads on capital efficiency and profitability with 15.7% ROIC and — gross margin. SPG currently holds the highest overall quantitative score in the immediate peer group at 74/100 (B) compared with AMT at 71/100 (B-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
AMT ACTIVE
American Tower Corporation
B- 71/100 22.8x — 15.7% +1.02% $86.20B Benchmark Subject
EQIX
Equinix Inc.
C 65/100 76.0x — 6.3% -2.22% $102.62B /eqix-vs-amt →
SPG
Simon Property Group Inc.
B 74/100 28.2x — 13.5% +0.94% $69.80B /spg-vs-amt →
DLR
Digital Realty Trust Inc.
D+ 55/100 51.5x — 1.7% -1.21% $67.68B /dlr-vs-amt →
PLD
Prologis Inc.
D+ 58/100 36.6x — 5.0% -0.03% $121.68B /pld-vs-amt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001053507

In its most recent audited fiscal period (FY2025, filed 2025-12-31), American Tower Corporation (AMT) reported GAAP revenue of $935.9M (+20.8% vs. FY2024 revenue of $774.6M , and +25.2% cumulative change since FY2023) , GAAP net income of $0, operating cash flow of $5.46B, and free cash flow of $3.78B (+2.2% YoY). On the balance sheet, AMT closed FY2025 with $63.19B in total assets against $23.78B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 6/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $935.9M $0 $5.46B $3.78B $63.19B $23.78B
FY2024 (FY) 2024-12-31 $774.6M $0 $5.29B $3.70B $61.08B $23.14B
FY2023 (FY) 2023-12-31 $747.3M $0 $4.72B $4.69B $47.41B $11.09B

3. AMT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is AMT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, American Tower Corporation (NYSE: AMT) is rated B- (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 71/100 at a spot price of $187.78 (+1.02% 1D, market cap $86.20B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, AMT ranks #88 in composite RQD confidence.

How does AMT compare to EQIX and SPG in the Financials sector?

Within the Financials sector (Real Estate Investment Trusts), AMT carries a Roarable B- (71/100 RQD), trailing P/E of 22.8x, gross margin of —, and ROIC of 15.7%. By comparison, EQIX (Equinix Inc.) holds a C grade (65/100 RQD, P/E 76.0x, ROIC 6.3%, cap $102.62B) and SPG (Simon Property Group Inc.) posts a B grade (74/100 RQD, P/E 28.2x, ROIC 13.5%, cap $69.80B). Among the 5-stock peer group, AMT leads on earnings multiple (22.8x) while AMT leads on capital efficiency (15.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for AMT?

Per AMT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001053507), American Tower Corporation generated $935.9M in revenue (+20.8% YoY), $0 in net income, and $3.78B in free cash flow against $63.19B in total assets and $23.78B in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is AMT trading relative to its 50-day, 200-day, and 52-week technical levels?

AMT last traded at $187.78 (+1.02% on volume of 3,113,586 shares), positioning the stock +6.56% above its 50-day simple moving average ($176.22) and +5.82% above its 200-day simple moving average ($177.45). Across its 52-week range of $160.06 to $202.50, AMT sits at the 65.3% percentile with a 14-day RSI of 58.7 (BULLISH MOMENTUM) and an implied next-earnings move of ±6.2% ($176.14 to $199.42).

AMT Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is American Tower Corporation (AMT)?

In FY 2025 (10-K), AMT converted $935.9M of revenue into a 52% gross margin, 52% operating margin, and $3.8B in free cash flow (404.3% FCF margin).

ROARABLE RATING BRIEF • RQD 71/100 (B-) ✓ STAGE-C NUMBER FIREWALL VERIFIED

AMT — American Tower Corporation: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:10:05Z

Roarable Rating Brief: What This Means to a Prospective Investor

The Roarable RQD Score is 71, graded B- under the verdict "Roarable Buy — Sound Institutional Accumulation" (per the Roarable RQD rating). The five pillars are:

  • Fundamental Cash Engine: 15 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of 15.7% and an FCF yield of 4.39%. For a prospective investor, this is the strongest evidence of cash generation relative to invested capital, though the score stops short of maximum, implying some room for doubt on durability.
  • Whale 13F Flow: 14 / 20. The rating describes institutional accumulation and options positioning. The underlying 13F detail is not itemized in the source data, so the score can be read as moderately supportive of institutional interest without granular proof of who is buying.
  • Insider Conviction: 16 / 20. This is the highest pillar, citing SEC Form 4 and Congressional PTR cluster flow. Insider and congressional activity is described only at the score level; specific transactions are not available in source data.
  • Macro Regime Fit: 13 / 20. Reflects a beta of 1.12 and sector sensitivity. Investors should understand that the stock is modestly more volatile than the market, so it is likely to amplify broad moves in either direction.
  • Forensic Balance Sheet: 13 / 20. Reflects Altman Z of 2.5, Piotroski F of 6/9, and Debt/Equity of 0.5 (per the Roarable RQD rating). These are moderate readings: not distress signals, but not pristine either.

Taken together, the rating suggests a company with a solid cash engine and supportive insider signals, tempered by moderate macro sensitivity and a balance sheet that is adequate rather than strong. Valuation tradeoffs are visible in the market data: the P/E (TTM) of 22.8 compares with a forward P/E of 19.2, implying expected earnings improvement is embedded in the price. Upside drivers would be sustained FCF growth and continued institutional accumulation; the principal tradeoff is paying a premium multiple (EV/EBITDA of 17) in a sensitive rate environment. This is an analytical framing, not personalized advice.

Snapshot

PriceMarket CapP/E (TTM)Forward P/EEV/EBITDAEPS (TTM)Dividend YieldBeta52-Wk RangeROIC %
$185.88$86.2B22.819.2178.153.69%1.12$160.06 - $202.515.7%

Business

American Tower Corporation is a NYSE-listed issuer classified in the Financials sector and the Real Estate Investment Trusts industry (per the company profile). The profile identifies it as a REIT. Specific product lines, customer base, and revenue mechanics beyond the sector classification are not available in source data. Net margin is reported at 68% and operating margin at 75% (per the market data), which the source does not further explain.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$935.9M$4845.8M$0.0MN/A$3783.6M$1474.8M$23775.8M
FY 2024$774.6M$4516.5M$0.0MN/A$3700.5M$1999.6M$23142.9M
FY 2023$747.3M$3125.5M$0.0MN/A$4688.8MN/A$11094.5M

Reported operating income exceeds reported revenue in each period, and reported net income is $0.0M in all three periods; these inconsistencies are flagged in Open Questions. Free cash flow was $3783.6M in FY 2025 versus $3700.5M in FY 2024 and $4688.8M in FY 2023. Debt rose from $11094.5M (FY 2023) to $23775.8M (FY 2025). Per the Roarable RQD rating, ROIC is 15.7%, Altman Z is 2.5, Piotroski F is 6/9, and Debt/Equity is 0.5; the source does not provide the methodology behind these scores beyond their values.

Recent Catalysts & News Wire Analysis

Per the recent news feed, all six items relate to AMT. Headlines include a 1-hour-old market wire report, "Why American Tower Stock Jumped 8.6% Today" (GREEN, CATALYST), "American Tower (AMT) Surges 9.3%: Is This an Indication of Further Gains?" (GREEN, CATALYST), and several market wire and analyst pieces from TradingView and Seeking Alpha, including one titled "American Tower Corporation: A Quality Tower REIT, But The Discount Is Gone" (YELLOW). Green-flagged items are catalyst-tagged; yellow items are market wire. Article bodies are not provided, so the substance of each catalyst cannot be verified from source data. Per the Butterfly Supply-Chain Graph, no proprietary signals or supply-chain links are recorded.

Open Questions

  • Net income is reported as $0.0M in all three periods while operating income is in the billions and EPS is N/A; what accounting or data-extraction issue explains this?
  • Reported operating income exceeds reported revenue by a wide margin in each period; is the revenue line correctly captured?
  • What drove the rise in debt from $11094.5M (FY 2023) to $23775.8M (FY 2025), and how is it serviced?
  • What specific insider, 13F, and congressional transactions underlie the insider and whale pillar scores?
  • What do the cited catalyst articles actually report, given that only headlines and summaries are provided?

AMT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for American Tower Corporation (AMT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to AMT Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

AMT Bull vs. Bear Conversation Board — What's Your Call at $187.78?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON AMT 🐻 33% BEARISH CONVICTION
1. Pick Your Side on AMT:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk 🐂 BULLISH 🎯 Target: $219.34 (+18.0%)
📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is AMT (B- • RQD 71/100) a Buy at $185.88?

Welcome to the AMT (American Tower Corporation) Roar Pit. Current RQD Composite is 71/100 (Roarable Buy — Sound Institutional Accumulation) in Real Estate Investment Trusts. Bulls point to capital efficiency (15.7% ROIC), while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

BE BearTrap_Alert Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $146.85 (-21.0%)
Spot @ $185.88

Pump the brakes on AMT — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on AMT, but look at what you are paying: 22.8x trailing P/E with tightening sector spreads. Unless American Tower Corporation expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

CA CashFlowKing Verified K Arena Trader 🐂 BULLISH 🎯 Target: $211.90 (+14.0%)
Spot @ $185.88

AMT cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on AMT, the market is fixating on short-term headline noise in Real Estate Investment Trusts and ignoring the balance sheet and cash flow trajectory. At $185.88 (52-wk range $160.06 - $202.50), any beat on forward guidance forces shorts and underweight funds to chase.

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