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). Explore American Tower Corp capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see American Tower Corp cash conversion from operations.
Annual Free Cash Flow Generation for American Tower Corp (1997–2025)
Year-by-year Free Cash Flow Generation Index for American Tower Corp. Check cash flow reinvestment rate of American Tower Corp to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |