AMERICAN TOWER CORP /MA/ (AMT) Free cash flow
- Free cash flow · 12 months (USD): Value $3.96B; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 443.23%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $3.96B | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $5.77B − $1.82B ≈ $3.96B |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 443.23% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $3.96B ÷ $893.40M × 100 ≈ 443.23% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $5.77B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | (m) | Operating cash flow / net income. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 5.77B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | 1.82B USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 3.96B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 893.40M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | (m) | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $3.96B | (m) | $5.77B | $1.82B | (m) | $893.40M | (m) | (m) | (m) | (m) | 443.23% | (m) |
| 2026-03-31 | $3.77B | (m) | $5.57B | $1.80B | (m) | $926.00M | (m) | (m) | (m) | (m) | 407.21% | (m) |
| 2025-12-31 | $3.78B | (m) | $5.46B | $1.68B | (m) | $935.90M | (m) | (m) | (m) | (m) | 404.27% | (m) |
| 2025-09-30 | $3.69B | (m) | $5.24B | $1.54B | (m) | $930.90M | (m) | (m) | (m) | (m) | 396.49% | (m) |
| 2025-06-30 | $3.74B | (m) | $5.24B | $1.50B | (m) | $874.90M | (m) | (m) | (m) | (m) | 427.60% | (m) |
| 2025-03-31 | $3.78B | (m) | $5.30B | $1.52B | (m) | $827.60M | (m) | (m) | (m) | (m) | 456.44% | (m) |
| 2024-12-31 | $3.70B | (m) | $5.29B | $1.59B | (m) | $774.60M | (m) | (m) | (m) | (m) | 477.73% | (m) |
| 2024-09-30 | $3.56B | (m) | $5.23B | $1.67B | (m) | $733.60M | (m) | (m) | (m) | (m) | 485.58% | (m) |
| 2024-06-30 | $3.43B | (m) | $5.06B | $1.64B | (m) | $728.60M | (m) | (m) | (m) | (m) | 470.41% | (m) |
| 2024-03-31 | $3.20B | (m) | $4.94B | $1.73B | (m) | $726.20M | (m) | (m) | (m) | (m) | 441.01% | (m) |
| 2023-12-31 | $2.92B | (m) | $4.72B | $1.80B | (m) | $756.70M | (m) | (m) | (m) | (m) | 386.45% | (m) |
| 2023-09-30 | $2.83B | (m) | $4.77B | $1.93B | (m) | $798.10M | (m) | (m) | (m) | (m) | 355.07% | (m) |
| 2023-06-30 | $2.40B | (m) | $4.40B | $2.00B | (m) | $830.60M | (m) | (m) | (m) | (m) | 288.59% | (m) |
| 2023-03-31 | $2.15B | (m) | $4.10B | $1.95B | (m) | $851.40M | (m) | (m) | (m) | (m) | 252.96% | (m) |
| 2022-12-31 | $1.82B | (m) | $3.70B | $1.87B | (m) | $855.00M | (m) | (m) | (m) | (m) | 213.17% | (m) |
| 2022-09-30 | $1.51B | (m) | $3.19B | $1.68B | (m) | $837.90M | (m) | (m) | (m) | (m) | 180.77% | (m) |
| 2022-06-30 | $2.82B | (m) | $4.35B | $1.53B | (m) | $822.00M | (m) | (m) | (m) | (m) | 343.55% | (m) |
| 2022-03-31 | $2.95B | (m) | $4.39B | $1.44B | (m) | $784.60M | (m) | (m) | (m) | (m) | 376.34% | (m) |
| 2021-12-31 | $3.44B | (m) | $4.82B | $1.38B | (m) | $717.20M | (m) | (m) | (m) | (m) | 480.09% | (m) |
| 2021-09-30 | $3.99B | (m) | $5.27B | $1.28B | (m) | $654.90M | (m) | $2.48B | (m) | (m) | 609.82% | 2.13× |
| 2021-06-30 | $2.93B | (m) | $4.14B | $1.21B | (m) | $581.80M | (m) | $2.22B | (m) | (m) | 503.21% | 1.86× |
| 2021-03-31 | $3.03B | (m) | $4.17B | $1.14B | (m) | $519.60M | (m) | (m) | (m) | (m) | 583.53% | (m) |
| 2020-12-31 | $2.85B | (m) | $3.88B | $1.03B | (m) | $495.70M | (m) | $1.69B | (m) | (m) | 574.88% | 2.30× |
| 2020-09-30 | (m) | (m) | $3.74B | (m) | (m) | $491.40M | (m) | $1.89B | (m) | (m) | (m) | 1.98× |
| 2020-06-30 | (m) | (m) | $3.72B | (m) | (m) | $497.10M | (m) | $1.92B | (m) | (m) | (m) | 1.93× |
| 2020-03-31 | (m) | (m) | $3.77B | (m) | (m) | $520.00M | (m) | $1.91B | (m) | (m) | (m) | 1.98× |
| 2019-12-31 | $2.76B | (m) | $3.75B | $991.30M | (m) | $527.20M | (m) | $1.89B | (m) | (m) | 523.77% | 1.99× |
| 2019-09-30 | (m) | (m) | $4.02B | (m) | (m) | $7.48B | (m) | $1.60B | (m) | (m) | (m) | 2.51× |
| 2019-06-30 | (m) | (m) | $3.84B | (m) | (m) | $7.62B | (m) | $1.47B | (m) | (m) | (m) | 2.61× |
| 2019-03-31 | (m) | (m) | $3.74B | (m) | (m) | $7.51B | (m) | $1.35B | (m) | (m) | (m) | 2.77× |
| 2018-12-31 | $2.84B | (m) | $3.75B | $913.20M | (m) | $7.44B | (m) | $1.24B | (m) | (m) | 38.11% | 3.03× |
| 2018-09-30 | (m) | (m) | $3.27B | (m) | (m) | (m) | (m) | $1.20B | (m) | (m) | (m) | 2.73× |
| 2018-06-30 | (m) | (m) | $3.18B | (m) | (m) | $6.91B | (m) | $1.15B | (m) | (m) | (m) | 2.77× |
| 2018-03-31 | (m) | (m) | $3.04B | (m) | (m) | $6.79B | (m) | $1.21B | (m) | (m) | (m) | 2.52× |
| 2017-12-31 | $2.12B | (m) | $2.93B | $803.60M | (m) | $6.66B | (m) | $1.24B | (m) | (m) | 31.84% | 2.36× |
| 2017-09-30 | (m) | (m) | $2.86B | (m) | (m) | (m) | (m) | $1.23B | (m) | (m) | (m) | 2.33× |
| 2017-06-30 | (m) | (m) | $2.86B | (m) | (m) | $6.33B | (m) | $1.18B | (m) | (m) | (m) | 2.43× |
| 2017-03-31 | (m) | (m) | $2.82B | (m) | (m) | $6.11B | (m) | $997.30M | (m) | (m) | (m) | 2.82× |
| 2016-12-31 | $2.02B | (m) | $2.70B | $682.50M | (m) | $5.79B | (m) | $956.42M | (m) | (m) | 34.93% | 2.83× |
| 2016-03-31 | (m) | (m) | $2.24B | (m) | (m) | $4.98B | (m) | $766.92M | (m) | (m) | (m) | 2.92× |
| 2015-12-31 | $1.45B | (m) | $2.18B | $728.75M | (m) | $4.77B | (m) | $685.07M | (m) | (m) | 30.48% | 3.19× |
| 2015-03-31 | (m) | (m) | $2.17B | (m) | (m) | $4.20B | (m) | $815.73M | (m) | (m) | (m) | 2.66× |
| 2014-12-31 | $1.16B | (m) | $2.13B | $974.40M | (m) | $4.10B | (m) | $824.91M | (m) | (m) | 28.30% | 2.59× |
| 2013-03-31 | (m) | (m) | $1.41B | (m) | (m) | $2.98B | (m) | $587.38M | (m) | (m) | (m) | 2.39× |
| 2012-12-31 | (m) | (m) | $1.41B | (m) | (m) | $2.88B | (m) | $637.28M | (m) | (m) | (m) | 2.22× |
| 2012-09-30 | (m) | (m) | $1.43B | (m) | (m) | $2.76B | (m) | $706.71M | (m) | (m) | (m) | 2.03× |
| 2012-06-30 | (m) | (m) | $1.37B | (m) | (m) | $2.68B | (m) | $458.92M | (m) | (m) | (m) | 2.98× |
| 2012-03-31 | (m) | (m) | $1.28B | (m) | (m) | $2.58B | (m) | $525.93M | (m) | (m) | (m) | 2.44× |
| 2011-12-31 | (m) | (m) | $1.17B | (m) | (m) | $2.44B | (m) | $396.46M | (m) | (m) | (m) | 2.94× |
| 2011-09-30 | (m) | (m) | $1.10B | (m) | (m) | $2.34B | (m) | $274.87M | (m) | (m) | (m) | 3.99× |
| 2011-06-30 | (m) | (m) | $1.06B | (m) | (m) | $2.22B | (m) | $384.01M | (m) | (m) | (m) | 2.77× |
| 2011-03-31 | (m) | (m) | $1.05B | (m) | (m) | $2.09B | (m) | $368.46M | (m) | (m) | (m) | 2.85× |
| 2010-12-31 | (m) | (m) | $1.02B | (m) | (m) | $1.99B | (m) | $372.94M | (m) | (m) | (m) | 2.74× |
| 2010-09-30 | (m) | (m) | $967.35M | (m) | (m) | $1.89B | (m) | $353.77M | (m) | (m) | (m) | 2.73× |
| 2010-06-30 | (m) | (m) | $949.18M | (m) | (m) | $1.82B | (m) | $327.69M | (m) | (m) | (m) | 2.90× |
| 2010-03-31 | (m) | (m) | $890.04M | (m) | (m) | $1.77B | (m) | $284.31M | (m) | (m) | (m) | 3.13× |
| 2009-12-31 | (m) | (m) | $842.13M | (m) | (m) | $1.72B | (m) | $246.59M | (m) | (m) | (m) | 3.42× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $773.26M | (m) | (m) | $1.59B | (m) | $347.25M | (m) | (m) | (m) | 2.23× |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | (m) | $692.68M | (m) | (m) | $1.46B | (m) | $56.32M | (m) | (m) | (m) | 12.30× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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