American Tower (WBO:AMTG) EBIT: €4,145 Mil (TTM As of Mar. 2026)


WBO:AMTG American Tower Corp WBO:AMTG
79 GF Score
Price €154.45
GF Value €183.36
! 5 Warning Signs
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What is American Tower EBIT?

American Tower WBO:AMTG -1.09% 79 EBIT is €4,145 Mil as of Mar. 2026. GuruFocus rates WBO:AMTG with a GF Score™ of 79/100 and a GF Value™ of €183.36. The stock has 5 warning signs investors should review.

American Tower's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €1,181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €4,145 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Tower's annualized ROC % for the quarter that ended in Mar. 2026 was 6.51%. American Tower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Tower's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.59%.


American Tower  (WBO:AMTG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

American Tower's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4287.632 * ( 1 - 13.71% )/( (55293.341 + 58386.635)/ 2 )
=3699.7976528/56839.988
=6.51 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=53964.602 - 2234.149 - ( 1259.479 - max(0, 5904.385 - 2341.497+1259.479))
=55293.341

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=54697.929 - 2161.289 - ( 1391.612 - max(0, 8407.281 - 2557.286+1391.612))
=58386.635

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

American Tower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4724.284/( ( (24580.511 + max(-1634.043, 0)) + (25027.304 + max(-1600.078, 0)) )/ 2 )
=4724.284/( ( 24580.511 + 25027.304 )/ 2 )
=4724.284/24803.9075
=19.05 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(555.356 + 0 + 322.3) - (2234.149 + 277.55 + 0)
=-1634.043

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(621.848 + 0 + 337.177) - (2161.289 + 397.813 + 0.0010000000002037)
=-1600.078

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

American Tower's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4145.107/115406.349
=3.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Tower EBIT Related Terms


American Tower EBIT Historical Data

* Premium members only.

The historical data trend for American Tower's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Tower EBIT Chart

American Tower Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,274.77 3,041.57 2,675.35 4,802.98 3,760.67

American Tower Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 872.09 740.77 1,105.13 1,118.14 1,181.07

WBO:AMTG vs EQIX, DLR, CCI: EBIT Comparison

For the REIT - Specialty subindustry, American Tower's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Tower EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, American Tower's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where American Tower's EV-to-EBIT falls into.


WBO:AMTG
79GF Score
American Tower Corp WBO:AMTG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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American Tower EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,145 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €4,145 Mil mean?
American Tower (WBO:AMTG) has a EBIT of €4,145 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Tower.
Is American Tower's EBIT too high?
American Tower's current EBIT is €4,145 Mil. Overall, American Tower has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does American Tower's EBIT compare to EQIX and DLR?
American Tower's EBIT of €4,145 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Tower. American Tower's current EBIT is €4,145 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Tower stock overvalued right now?
American Tower (WBO:AMTG) has a current EBIT of €4,145 Mil. The stock's GF Value™ is €183.36, compared to a current price of €154.45 — trading 15.8% below its estimated fair value. The current EBIT is €4,145 Mil. American Tower's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For American Tower (WBO:AMTG), the current EBIT is €4,145 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American Tower (WBO:AMTG) Overvalued in 2026?

Based on GuruFocus' analysis, American Tower stock appears to be undervalued. The current stock price of €154.45 is trading 15.8% below its estimated GF Value™ of €183.36.

Key valuation signals for WBO:AMTG:

  • EBIT: €4,145 Mil
  • GF Value™: €183.36 vs. price of €154.45 (15.8% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the WBO:AMTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American Tower Business Description

Industry Real EstateREITs
Address 222 Berkeley Street, 7th Floor, Boston, MA, USA, 02116
American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets through its CoreSite segment. The company's customer base in the tower business is very concentrated, with most revenue in each market generated by the top three or four mobile carriers. The company operates 42,000 towers in the US, which accounted for about half of total revenue in 2025. Outside the US, American Tower operates about 47,000 towers in Latin America (dominated by Brazil), 33,000 towers in Europe, and 28,000 towers in Africa. American Tower operates as a REIT.
79GF Score

Get the complete analysis for WBO:AMTG

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€154.45
Price
€183.36
GF Value