Company / FCF Margin
American Tower FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
35.5%
FY2025
5-year range
18.9% / 36.8%
FY2021-FY2025
Trend
-2.7%
vs FY2024
Sector context
#10 of 38
Real Estate
What the data says
At 35.5%, American Tower's fcf margin ranks #10 of 38 in the Real Estate sector. FCF Margin has fluctuated over the past 10 years, ranging from 18.9% in FY2022 to 156.8% in FY2016.
Based on SEC 10-K filings.
35.5% in FY2025 with a 5-year CAGR of +0.1%. Top quartile in the Real Estate sector.
Declined from 36.8% to 35.5% over the past 2 years.
Real Estate sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +16.6pp
- 5-Year Change
- +0.1pp
- 10-Year Change
- -
Sector benchmark
#10 of 38 in Real EstateTop 26% of 38This company 35.5% Sector average 24.0%
▼
+48.3% above sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 2.7% year-over-year.
- Currently 11.6pp above the Real Estate sector average.
- Peak fcf margin was recorded in FY2016.
- Lowest fcf margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.32 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 35.5% | -2.7% |
| FY2024 | 36.5% | -0.7% |
| FY2023 | 36.8% | +94.7% |
| FY2022 | 18.9% | -48.6% |
| FY2021 | 36.8% | +3.8% |
| FY2020 | 35.4% | -2.7% |
| FY2019 | 36.4% | -4.4% |
| FY2018 | 38.1% | +19.7% |
| FY2017 | 31.8% | -79.7% |
| FY2016 | 156.8% | +414.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026