American Tower Corp (AMT) — Capital Reinvestment Ratio
American Tower Corp (AMT) has a Capital Reinvestment Ratio of 0.32x as of March 2026, meaning it reinvests 0% of its operating cash flow ($1.40 Billion) in capital expenditures ($449.50 Million). Check American Tower Corp (AMT) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
American Tower Corp Capital Reinvestment Ratio (1997–2025)
This chart tracks American Tower Corp's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see AMT cash flow metrics.
Annual Capital Reinvestment Ratio for American Tower Corp (1997–2025)
Year-by-year Capital Reinvestment Ratio for American Tower Corp from 1997 to 2025. See American Tower Corp (AMT) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.31x | $5.46 Billion | $1.68 Billion | ▲ +2.3% |
| 2024 | 0.30x | $5.29 Billion | $1.59 Billion | ▼ -21.1% |
| 2023 | 0.38x | $4.72 Billion | $1.80 Billion | ▼ -24.9% |
| 2022 | 0.51x | $3.70 Billion | $1.87 Billion | ▲ +77.5% |
| 2021 | 0.29x | $4.82 Billion | $1.38 Billion | ▲ +7.5% |
| 2020 | 0.27x | $3.88 Billion | $1.03 Billion | ▲ +0.6% |
| 2019 | 0.26x | $3.75 Billion | $991.30 Million | ▲ +8.4% |
| 2018 | 0.24x | $3.75 Billion | $913.20 Million | ▼ -11.3% |
| 2017 | 0.27x | $2.93 Billion | $803.60 Million | ▲ +8.8% |
| 2016 | 0.25x | $2.70 Billion | $682.50 Million | ▼ -24.4% |
| 2015 | 0.33x | $2.18 Billion | $728.75 Million | ▼ -26.9% |
| 2014 | 0.46x | $2.13 Billion | $974.40 Million | ▲ +0.7% |
| 2013 | 0.45x | $1.60 Billion | $724.53 Million | ▲ +12.8% |
| 2012 | 0.40x | $1.41 Billion | $568.05 Million | ▼ -10.5% |
| 2011 | 0.45x | $1.17 Billion | $523.01 Million | ▲ +32.1% |
| 2010 | 0.34x | $1.02 Billion | $346.66 Million | ▲ +14.3% |
| 2009 | 0.30x | $842.13 Million | $250.26 Million | ▼ -5.6% |
| 2008 | 0.31x | $773.26 Million | $243.48 Million | ▲ +41.3% |
| 2007 | 0.22x | $692.68 Million | $154.38 Million | ▲ +8.9% |
| 2006 | 0.20x | $620.74 Million | $127.10 Million | ▼ -8.2% |
| 2005 | 0.22x | $397.20 Million | $88.64 Million | ▲ +14.6% |
| 2004 | 0.19x | $216.70 Million | $42.18 Million | ▼ -50.6% |
| 2003 | 0.39x | $156.39 Million | $61.61 Million | ▼ -77.1% |
| 2002 | 1.72x | $105.15 Million | $180.50 Million | ▼ -92.1% |
| 2001 | 21.79x | $26.07 Million | $568.16 Million | ▲ +618.5% |
| 1999 | 3.03x | $97.01 Million | $294.24 Million | ▼ -55.8% |
| 1998 | 6.86x | $18.43 Million | $126.45 Million | ▲ +230.0% |
| 1997 | 2.08x | $9.91 Million | $20.61 Million | — |