Company / SG&A Expense
American Tower SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$940.7M
FY2025
5-year range
$811.6M / $940.7M
FY2021-FY2025
Trend
+0.8%
vs FY2024
Sector context
#6 of 131
Real Estate
What the data says
Among 131 Real Estate companies, American Tower is in the bottom 5% for sg&a expense. SG&A Expense has fluctuated over the past 10 years, ranging from $543M in FY2016 to $941M in FY2025.
Based on SEC 10-K filings.
$941M in FY2025 with a 5-year CAGR of +3.9%. Top quartile in the Real Estate sector.
Increased from $812M to $941M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +1.4%
- 5-Year CAGR
- +3.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 5% in Real EstateTop 95% of 131This company $940.7M Sector average $159.5M
▼
+489.8% above sector average
Key checks
Key Insights
- 5-year CAGR of +3.9%, indicating consistent growth.
- In FY2025, sg&a expense increased 0.8% year-over-year.
- Ranks #6 out of 131 companies in the Real Estate sector.
- Lowest sg&a expense in the period was in FY2016.
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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $940.7M | +0.8% |
| FY2024 | $933.4M | +15.0% |
| FY2023 | $811.6M | -10.0% |
| FY2022 | $902.1M | +11.2% |
| FY2021 | $811.6M | +4.2% |
| FY2020 | $778.7M | +6.6% |
| FY2019 | $730.4M | -0.4% |
| FY2018 | $733.2M | +15.1% |
| FY2017 | $637.0M | +17.2% |
| FY2016 | $543.4M | +9.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026