Company / Goodwill
American Tower Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$12.3B
FY2025
5-year range
$11.8B / $13.4B
FY2021-FY2025
Trend
+4.1%
vs FY2024
Sector context
#1 of 55
Real Estate
What the data says
Among 55 Real Estate companies, American Tower is in the top 2% for goodwill. Goodwill has fluctuated over the past 10 years, ranging from $5.1B in FY2016 to $13.4B in FY2021.
Based on SEC 10-K filings.
$12.3B in FY2025 with a 5-year CAGR of +11.0%. Ranks 1st among 55 companies in Real Estate.
Declined from $13.0B to $12.3B over the past 2 years.
Real Estate sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +0.5%
- 5-Year CAGR
- +11.0%
- 10-Year CAGR
- -
Sector benchmark
Top 2% in Real EstateTop 2% of 55This company $12.3B Sector average $1.4B
▼
+757.1% above sector average
Key checks
Key Insights
- 5-year CAGR of +11.0%, indicating consistent growth.
- In FY2025, goodwill increased 4.1% year-over-year.
- Ranks #1 out of 55 companies in the Real Estate sector.
- Peak goodwill was recorded in FY2021.
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 | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $12.3B | +4.1% |
| FY2024 | $11.8B | -9.2% |
| FY2023 | $13.0B | +7.3% |
| FY2022 | $12.1B | -9.6% |
| FY2021 | $13.4B | +83.3% |
| FY2020 | $7.3B | +17.9% |
| FY2019 | $6.2B | +12.3% |
| FY2018 | $5.5B | -2.4% |
| FY2017 | $5.6B | +11.2% |
| FY2016 | $5.1B | +23.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026