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American Tower Corp

AMTNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 7/302% above fair value
$188.30+0.52 (+0.28%)

Close on Nov 2, 2026Market cap $87.74BP/E 25.9Yield 3.61%

American Tower Net Leverage Ratio by Quarter

Net Leverage Ratio (Net Debt / Annualized Adjusted EBITDA, x) (×)

American Tower Net Leverage Ratio: 4.90× in Q3 2026, unchanged from a year earlier.

Latest, Q3 2026
4.90
Period ended Sep 30, 2026
Change on a year earlier
0.0%
4.90 in Q3 2025
History
40 quarters
Since Q4 2016
Sources
40
Documents cited below

Where the Q3 2026 figure comes from

Source: American Tower SEC Form 8-K Earnings Release FY2026Q3 (0001053507-26-000154, filed 2026-10-27) ↗

Management's target leverage range is 3.0x – 5.0x (4.9x at Q3 2026).

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNet Leverage Ratio (Net Debt / Annualized Adjusted EBITDA, x) (×)Year on yearSource
Q3 2026Sep 30, 20264.900.0%American Tower SEC Form 8-K Earnings Release FY2026Q3 (0001053507-26-000154, filed 2026-10-27) ↗
Q2 2026Jun 30, 20264.90-3.9%American Tower SEC Form 8-K Earnings Release FY2026Q2 (0001053507-26-000131, filed 2026-07-28) ↗
Q1 2026Mar 31, 20264.90-2.0%American Tower SEC Form 8-K Earnings Release FY2026Q1 (0001053507-26-000094, filed 2026-04-28) ↗
Q4 2025Dec 31, 20254.90-3.9%American Tower SEC Form 8-K Earnings Release FY2025Q4 (0001053507-26-000032, filed 2026-02-24) ↗
Q3 2025Sep 30, 20254.90-5.8%American Tower SEC Form 8-K Earnings Release FY2025Q3 (0001053507-25-000147, filed 2025-10-28) ↗
Q2 2025Jun 30, 20255.10+6.3%American Tower SEC Form 8-K Earnings Release FY2025Q2 (0001053507-25-000117, filed 2025-07-29) ↗
Q1 2025Mar 31, 20255.000.0%American Tower SEC Form 8-K Earnings Release FY2025Q1 (0001053507-25-000100, filed 2025-04-29) ↗
Q4 2024Dec 31, 20245.10-1.9%American Tower SEC Form 8-K Earnings Release FY2024Q4 (0001053507-25-000022, filed 2025-02-25) ↗
Q3 2024Sep 30, 20245.20+4.0%American Tower SEC Form 8-K Earnings Release FY2024Q3 (0001053507-24-000128, filed 2024-10-29) ↗
Q2 2024Jun 30, 20244.80-9.4%American Tower SEC Form 8-K Earnings Release FY2024Q2 (0001053507-24-000103, filed 2024-07-30) ↗
Q1 2024Mar 31, 20245.00-3.8%American Tower SEC Form 8-K Earnings Release FY2024Q1 (0001053507-24-000081, filed 2024-04-30) ↗
Q4 2023Dec 31, 20235.20-3.7%American Tower SEC Form 8-K Earnings Release FY2023Q4 (0001053507-24-000009, filed 2024-02-27) ↗
Q3 2023Sep 30, 20235.00-9.1%American Tower SEC Form 8-K Earnings Release FY2023Q3 (0001053507-23-000158, filed 2023-10-26) ↗
Q2 2023Jun 30, 20235.30-8.6%American Tower SEC Form 8-K Earnings Release FY2023Q2 (0001053507-23-000140, filed 2023-07-27) ↗
Q1 2023Mar 31, 20235.20-18.7%American Tower SEC Form 8-K Earnings Release FY2023Q1 (0001053507-23-000112, filed 2023-04-26) ↗
Q4 2022Dec 31, 20225.40-20.6%American Tower SEC Form 8-K Earnings Release FY2022Q4 (0001053507-23-000021, filed 2023-02-23) ↗

Breakdown

What makes up net Leverage Ratio

Cite this data

StockData. (2026). American Tower Net Leverage Ratio (×), quarterly Q4 2016–Q3 2026 [Data set]. Compiled from American Tower SEC filings and investor materials. https://stockdatahq.com/stocks/amt/kpis/lev-net-leverage-x

See every metric in the American Tower KPI table. Data updated Nov 1, 2026.