American Tower Corp (AMT) — Free Cash Flow Generation Index
American Tower Corp (AMT) has a Free Cash Flow Generation Index of 0.68x as of March 2026. Free cash flow of $951.10 Million represents 1% of operating cash flow ($1.40 Billion). Read AMT current and long-term liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
American Tower Corp Free Cash Flow Generation Index (1997–2025)
Historical FCF Generation Index trend for American Tower Corp across 28 annual periods. Explore AMT capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for American Tower Corp (1997–2025)
Year-by-year Free Cash Flow Generation Index for American Tower Corp. For the full company profile including market capitalisation, see AMT market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.69x | $3.78 Billion | $5.46 Billion | $1.68 Billion | ▼ -1.0% |
| 2024 | 0.70x | $3.70 Billion | $5.29 Billion | $1.59 Billion | ▲ +13.0% |
| 2023 | 0.62x | $2.92 Billion | $4.72 Billion | $1.80 Billion | ▲ +25.6% |
| 2022 | 0.49x | $1.82 Billion | $3.70 Billion | $1.87 Billion | ▼ -31.0% |
| 2021 | 0.71x | $3.44 Billion | $4.82 Billion | $1.38 Billion | ▼ -2.7% |
| 2020 | 0.73x | $2.85 Billion | $3.88 Billion | $1.03 Billion | ▼ -0.2% |
| 2019 | 0.74x | $2.76 Billion | $3.75 Billion | $991.30 Million | ▼ -2.7% |
| 2018 | 0.76x | $2.84 Billion | $3.75 Billion | $913.20 Million | ▲ +4.3% |
| 2017 | 0.73x | $2.12 Billion | $2.93 Billion | $803.60 Million | ▼ -3.0% |
| 2016 | 0.75x | $2.02 Billion | $2.70 Billion | $682.50 Million | ▲ +12.2% |
| 2015 | 0.67x | $1.45 Billion | $2.18 Billion | $728.75 Million | ▲ +22.6% |
| 2014 | 0.54x | $1.16 Billion | $2.13 Billion | $974.40 Million | ▼ -0.6% |
| 2013 | 0.55x | $874.51 Million | $1.60 Billion | $724.53 Million | ▼ -8.6% |
| 2012 | 0.60x | $846.34 Million | $1.41 Billion | $568.05 Million | ▲ +8.5% |
| 2011 | 0.55x | $642.93 Million | $1.17 Billion | $523.01 Million | ▼ -16.5% |
| 2010 | 0.66x | $674.31 Million | $1.02 Billion | $346.66 Million | ▼ -6.0% |
| 2009 | 0.70x | $591.86 Million | $842.13 Million | $250.26 Million | ▲ +2.6% |
| 2008 | 0.69x | $529.77 Million | $773.26 Million | $243.48 Million | ▼ -11.8% |
| 2007 | 0.78x | $538.30 Million | $692.68 Million | $154.38 Million | ▼ -2.3% |
| 2006 | 0.80x | $493.64 Million | $620.74 Million | $127.10 Million | ▲ +2.4% |
| 2005 | 0.78x | $308.57 Million | $397.20 Million | $88.64 Million | ▼ -3.5% |
| 2004 | 0.81x | $174.52 Million | $216.70 Million | $42.18 Million | ▲ +32.9% |
| 2003 | 0.61x | $94.78 Million | $156.39 Million | $61.61 Million | ▲ +184.6% |
| 2002 | -0.72x | $-75.35 Million | $105.15 Million | $180.50 Million | ▲ +96.6% |
| 2001 | -20.79x | $-542.09 Million | $26.07 Million | $568.16 Million | ▼ -922.8% |
| 1999 | -2.03x | $-197.23 Million | $97.01 Million | $294.24 Million | ▲ +65.3% |
| 1998 | -5.86x | $-108.03 Million | $18.43 Million | $126.45 Million | ▼ -442.9% |
| 1997 | -1.08x | $-10.70 Million | $9.91 Million | $20.61 Million | — |