American Tower Corp (AMT) - Net Assets
Based on the latest financial reports, American Tower Corp (AMT) has net assets worth $10.36 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($63.19 Billion) and total liabilities ($52.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AMT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.36 Billion |
| % of Total Assets | 16.39% |
| Annual Growth Rate | 16.22% |
| 5-Year Change | 14.18% |
| 10-Year Change | 28.36% |
| Growth Volatility | 120.74 |
American Tower Corp - Net Assets Trend (1997–2025)
This chart illustrates how American Tower Corp's net assets have evolved over time, based on quarterly financial data. See AMT defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for American Tower Corp (1997–2025)
The table below shows the annual net assets of American Tower Corp from 1997 to 2025. For live valuation and market cap data, see American Tower Corp (AMT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.36 Billion | +7.32% |
| 2024-12-31 | $9.65 Billion | -11.20% |
| 2023-12-31 | $10.87 Billion | -12.44% |
| 2022-12-31 | $12.41 Billion | +36.81% |
| 2021-12-31 | $9.07 Billion | +89.72% |
| 2020-12-31 | $4.78 Billion | -27.42% |
| 2019-12-31 | $6.59 Billion | -4.60% |
| 2018-12-31 | $6.90 Billion | -13.20% |
| 2017-12-31 | $7.95 Billion | -1.40% |
| 2016-12-31 | $8.07 Billion | +20.18% |
| 2015-12-31 | $6.71 Billion | +65.61% |
| 2014-12-31 | $4.05 Billion | +12.91% |
| 2013-12-31 | $3.59 Billion | -2.56% |
| 2012-12-31 | $3.68 Billion | +8.04% |
| 2011-12-31 | $3.41 Billion | -2.69% |
| 2010-12-31 | $3.50 Billion | +5.62% |
| 2009-12-31 | $3.32 Billion | +10.69% |
| 2008-12-31 | $3.00 Billion | -0.92% |
| 2007-12-31 | $3.03 Billion | -31.06% |
| 2006-12-31 | $4.39 Billion | -3.26% |
| 2005-12-31 | $4.54 Billion | +207.13% |
| 2004-12-31 | $1.48 Billion | -14.63% |
| 2003-12-31 | $1.73 Billion | -1.47% |
| 2002-12-31 | $1.76 Billion | -39.10% |
| 2001-12-31 | $2.88 Billion | -0.35% |
| 2000-12-31 | $2.89 Billion | +34.34% |
| 1999-12-31 | $2.15 Billion | +96.53% |
| 1998-12-31 | $1.10 Billion | +612.37% |
| 1997-12-31 | $153.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Tower Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 508313995900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.80 Million | 0.13% |
| Other Comprehensive Income | $-4.82 Billion | -131.85% |
| Other Components | $13.55 Billion | 370.97% |
| Total Equity | $3.65 Billion | 100.00% |
American Tower Corp Competitors by Market Cap
The table below lists competitors of American Tower Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSX Corporation
NASDAQ:CSX
|
$82.50 Billion |
|
MercadoLibre Inc.
NASDAQ:MELI
|
$82.76 Billion |
|
Medtronic PLC
XETRA:2M6
|
$83.04 Billion |
|
Equinor ASA
OL:EQNR
|
$83.11 Billion |
|
National Australia Bank Ltd
AU:NAB
|
$81.59 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$81.35 Billion |
|
Howmet Aerospace Inc
NYSE:HWM
|
$81.02 Billion |
|
Zurich Insurance Group AG
SW:ZURN
|
$80.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Tower Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,382,200,000 to 3,652,500,000, a change of 270,300,000 (8.0%).
- Net income of 2,529,800,000 contributed positively to equity growth.
- Dividend payments of 3,157,200,000 reduced retained earnings.
- Share repurchases of 364,600,000 reduced equity.
- Other comprehensive income increased equity by 1,138,800,000.
- Other factors increased equity by 123,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.53 Billion | +69.26% |
| Dividends Paid | $3.16 Billion | -86.44% |
| Share Repurchases | $364.60 Million | -9.98% |
| Other Comprehensive Income | $1.14 Billion | +31.18% |
| Other Changes | $123.50 Million | +3.38% |
| Total Change | $- | 7.99% |
Book Value vs Market Value Analysis
This analysis compares American Tower Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 22.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 316.37x to 22.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $0.56 | $176.05 | x |
| 1998-12-31 | $13.68 | $176.05 | x |
| 1999-12-31 | $14.32 | $176.05 | x |
| 2000-12-31 | $17.05 | $176.05 | x |
| 2001-12-31 | $14.98 | $176.05 | x |
| 2002-12-31 | $8.90 | $176.05 | x |
| 2003-12-31 | $8.22 | $176.05 | x |
| 2004-12-31 | $6.56 | $176.05 | x |
| 2005-12-31 | $14.96 | $176.05 | x |
| 2006-12-31 | $10.05 | $176.05 | x |
| 2007-12-31 | $7.09 | $176.05 | x |
| 2008-12-31 | $7.15 | $176.05 | x |
| 2009-12-31 | $8.15 | $176.05 | x |
| 2010-12-31 | $8.67 | $176.05 | x |
| 2011-12-31 | $8.20 | $176.05 | x |
| 2012-12-31 | $8.95 | $176.05 | x |
| 2013-12-31 | $8.85 | $176.05 | x |
| 2014-12-31 | $9.88 | $176.05 | x |
| 2015-12-31 | $15.72 | $176.05 | x |
| 2016-12-31 | $15.76 | $176.05 | x |
| 2017-12-31 | $14.46 | $176.05 | x |
| 2018-12-31 | $12.05 | $176.05 | x |
| 2019-12-31 | $11.35 | $176.05 | x |
| 2020-12-31 | $9.18 | $176.05 | x |
| 2021-12-31 | $11.21 | $176.05 | x |
| 2022-12-31 | $12.04 | $176.05 | x |
| 2023-12-31 | $8.99 | $176.05 | x |
| 2024-12-31 | $7.23 | $176.05 | x |
| 2025-12-31 | $7.79 | $176.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Tower Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 69.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.76%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 17.30x
- Recent ROE (69.26%) is above the historical average (12.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -1.48% | -12.96% | 0.07x | 1.67x | $-17.59 Million |
| 1998 | -4.29% | -45.24% | 0.07x | 1.38x | $-156.02 Million |
| 1999 | -2.36% | -19.66% | 0.09x | 1.41x | $-265.24 Million |
| 2000 | -6.76% | -26.47% | 0.13x | 1.97x | $-482.33 Million |
| 2001 | -15.69% | -39.68% | 0.17x | 2.38x | $-737.01 Million |
| 2002 | -65.61% | -144.83% | 0.14x | 3.25x | $-1.32 Billion |
| 2003 | -17.73% | -42.43% | 0.13x | 3.12x | $-474.57 Million |
| 2004 | -16.83% | -35.04% | 0.14x | 3.46x | $-394.68 Million |
| 2005 | -3.79% | -18.16% | 0.11x | 1.94x | $-624.25 Million |
| 2006 | 0.63% | 2.09% | 0.15x | 1.96x | $-411.01 Million |
| 2007 | 1.86% | 3.87% | 0.18x | 2.69x | $-245.89 Million |
| 2008 | 11.61% | 21.79% | 0.19x | 2.75x | $48.11 Million |
| 2009 | 7.44% | 14.30% | 0.20x | 2.57x | $-84.91 Million |
| 2010 | 10.65% | 18.78% | 0.19x | 2.96x | $22.79 Million |
| 2011 | 11.96% | 16.07% | 0.20x | 3.73x | $64.34 Million |
| 2012 | 17.84% | 22.16% | 0.20x | 3.94x | $279.97 Million |
| 2013 | 15.60% | 16.40% | 0.17x | 5.74x | $197.92 Million |
| 2014 | 20.86% | 20.12% | 0.19x | 5.40x | $429.55 Million |
| 2015 | 10.30% | 14.36% | 0.18x | 4.04x | $19.91 Million |
| 2016 | 14.14% | 16.53% | 0.19x | 4.57x | $280.04 Million |
| 2017 | 19.85% | 18.59% | 0.20x | 5.32x | $614.75 Million |
| 2018 | 23.17% | 16.62% | 0.23x | 6.19x | $702.79 Million |
| 2019 | 37.34% | 24.90% | 0.18x | 8.47x | $1.38 Billion |
| 2020 | 41.30% | 21.02% | 0.17x | 11.54x | $1.28 Billion |
| 2021 | 50.53% | 27.44% | 0.13x | 13.75x | $2.06 Billion |
| 2022 | 31.69% | 18.31% | 0.14x | 12.06x | $1.21 Billion |
| 2023 | 35.33% | 14.81% | 0.15x | 15.73x | $1.06 Billion |
| 2024 | 66.67% | 22.27% | 0.17x | 18.06x | $1.92 Billion |
| 2025 | 69.26% | 23.76% | 0.17x | 17.30x | $2.16 Billion |
Industry Comparison
This section compares American Tower Corp's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,368,521,000
- Average return on equity (ROE) among peers: 7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Tower Corp (AMT) | $10.36 Billion | -1.48% | 5.10x | $82.02 Billion |
| Crown Castle (CCI) | $2.39 Billion | 7.17% | 3.42x | $35.73 Billion |
| Digital Realty Trust Inc (DLR) | $648.94 Million | 2.48% | 1.36x | $66.12 Billion |
| EPR Properties (EPR) | $2.07 Billion | 9.38% | 1.03x | $4.38 Billion |
| Equinix Inc (EQIX) | $10.88 Billion | 4.60% | 1.57x | $92.84 Billion |
| Farmland Partners Inc (FPI) | $592.59 Million | 1.69% | 0.89x | $425.70 Million |
| Fermi Inc. (FRMI) | $1.10 Billion | -44.38% | 0.29x | $3.33 Billion |
| Gaming & Leisure Properties (GLPI) | $2.27 Billion | 14.99% | 2.79x | $12.62 Billion |
| Iron Mountain Incorporated (IRM) | $389.72 Million | 47.27% | 43.84x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $981.47 Million | 25.83% | 2.38x | $13.03 Billion |
About American Tower Corp
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipali… Read more