AMT
American Tower margins
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- Real Estate
- NYSE: AMT
- Margins
At present, American Tower reports a gross margin of 73.8%, an operating margin of 44.8%, an EBITDA margin of 66.7%, and a net margin of 31.1%. The strongest positive change was in net margin, higher by 18.5 percentage points. The strongest negative change was in operating margin, lower by 0.7 percentage points.
AMT margin history
American Tower's margins averaged 74.37% gross, 41.06% operating, 59.73% EBITDA, and 20.07% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.
AMT margin expansion
The strongest improvement was in net margin, which increased by 18.5 percentage points, and EBITDA margin also expanded by 17 percentage points, whereas gross margin contracted by 0.6 percentage points and operating margin by 0.7 percentage points.
AMT Gross margin
In the last 3 years, American Tower had an average gross margin of 74.37%. Compared with its three-year average, American Tower's current gross margin is 73.8% and is 0.6 percentage points below its three-year average. Looking back over the last 3 years, American Tower's gross margin reached 75.4% at its highest point in Sep 2023 and 73.5% at its lowest in Mar 2024.
AMT Operating margin
Over the last 3 years, American Tower's operating margin averaged 41.06%. Right now, American Tower's current operating margin is 44.8%, which is 3.7 percentage points above its three-year average. During this period, operating margin reached a high of 45.6% in Sep 2025 and a low of 31.2% in Dec 2023.
AMT EBITDA margin
The average EBITDA margin for American Tower was 59.73% over the last 3 years. American Tower currently reports an EBITDA margin of 66.7%, 7 percentage points above its three-year average. The EBITDA margin for American Tower moved between 49.7% in Jun 2025 and 67.5% in Jun 2024.
AMT Net margin
The average net margin for American Tower was 20.07% in the last 3 years. Against its three-year average, American Tower's net margin is currently 31.1%, 11 percentage points above its three-year average. The net margin for American Tower moved between 7.4% in Sep 2023 and 31.1% in Jun 2026.
AMT margin group comparison
With a gross margin of 73.8%, AMT ranks higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 62.8%, American Tower's gross margin is 18% higher.
AMT margin peer comparison
Frequently asked questions
What is American Tower's gross margin?
The current gross margin for AMT is 73.8% as of Jun 30, 2026.
What is American Tower's operating margin?
The current operating margin for AMT is 44.8% as of Jun 30, 2026.
What is American Tower's EBITDA margin?
The current EBITDA margin for AMT is 66.7% as of Jun 30, 2026.
What is American Tower's net margin?
As of Jun 30, 2026, AMT has a net margin of 31.1%.
What are the average margins of AMT?
American Tower's gross, operating, EBITDA, and net margins averaged 74.4% gross, 41.1% operating, 59.7% EBITDA, and 20.1% net over the last 3 years.
What are the highest historical margins of AMT?
Within the 5-year period, AMT recorded its highest margins at 75.4% gross in Sep 2023, 45.6% operating in Sep 2025, 69.8% EBITDA in Sep 2022, and 31.1% net in Jun 2026.
What are the lowest historical margins of AMT?
Over the last 5 years, American Tower's lowest margins were 69.4% gross in Sep 2022, 26.7% operating in Sep 2022, 49.7% EBITDA in Jun 2025, and 7.4% net in Sep 2023.