AMT American Tower
FY2025 10-K
American Tower (AMT) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Global REIT leasing tower/data center space to wireless carriers; property ops = 97% of total revenue in 2025
- • Portfolio of 149,686 communications sites across 4 regions plus 30 data center facilities in 11 U.S. markets
Management Discussion & Analysis
- • Total revenue $10.64B, up 5% YoY ($10.13B in 2024); property revenue $10.31B up 4%, Services $340M up 75%
- • Adjusted EBITDA $7.13B vs $6.81B prior year; net income $2.63B vs $2.28B (prior year burdened by $978M ATC TIPL discontinued operations loss)
Risk Factors
- • AT&T Mexico arbitration over MLA lease calculations; ~$300M tenant revenue at risk, $30M reserves recorded in 2025 with future reserves expected
- • $37.2B consolidated debt as of Dec 31, 2025; covenant breaches could trigger cross-acceleration across credit facilities
Financial SummaryXBRL
Revenue
$936M
Net Income
$2.5B
Operating Margin
517.8%
Net Margin
270.3%
ROE
69.3%
Total Assets
$63.2B
EPS (Diluted)
$5.40
Operating Cash Flow
$5.5B
Source: XBRL data from American Tower FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other American Tower Annual Reports
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