← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
American Tower grew revenue 5.1% to $10.64B and lifted operating margin to 45.5%, but its reported net income rise of 12.2% rests on the prior year carrying a $978.3M loss from the India sale; income from continuing operations fell.
The read at a glance✓ Audited against SEC data
- Growth — Revenue $10.64B, +5.1%; 149,686 communications sitesNote
- Profitability — Operating margin 45.5%, +92 bps; net income $2.53B, +12.2%OK
- Balance sheet — Long-term debt $33.83B, +3.1%; total equity $3.65BWatch
- Accounting quality — Earnings quality score 91.57, in the safe rangeOK
What it is
American Tower is one of the largest global REITs. It owns, operates and develops multitenant communications real estate, mainly towers, leasing space on them to wireless carriers, broadcasters and other tenants, and it runs a US data center business built on the CoreSite acquisition of late 2021. Property operations accounted for 97% of total revenue in FY2025.
Where the revenue comes from
Fiscal 2025, as AMERICAN TOWER CORP /MA/ reports it. History and quarterly detail are in the app.
- U.S. & Canada$5.6B
- Latin America$1.6B
- Africa & APAC$1.4B
- Data Centers$1.1B
- Europe$937.7M
Leadership changes
From AMERICAN TOWER CORP /MA/'s own filings, the day they're filed.
- Kristen M. Ludgate · director · appointmenteff. 2026-09-17
- Paul Blanchett · President · appointmenteff. 2026-04-27
- Robert J. Meyer · departureeff. 2026-04-27
Latest filings
- 8-K · Company announcement2026-09-18
- 8-K · Company announcement2026-09-14
- 8-K · Company announcement2026-09-09
- 8-K · Company announcement2026-07-28
- 10-Q · Quarterly report2026-07-28
In the full recordFree for 14 days
- The business🔒
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The story this year🔒
- The tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about AMERICAN TOWER CORP /MA/, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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