Net margin is calculated as Net Income divided by its Revenue. American Tower's Net Income for the
three
months ended in Mar. 2026 was €743 Mil. American Tower's Revenue for the
three
months ended in Mar. 2026 was €2,368 Mil. Therefore, American Tower's net margin for the quarter that ended in Mar. 2026 was 31.40%.
The historical rank and industry rank for American Tower's Net Margin % or its related term are showing as below:
WBO:AMTG'
s Net Margin % Range Over the Past 10 Years
Min: 14.81 Med: 19.81 Max: 27.44
Current: 26.81
WBO:AMTG's Net Margin % is ranked worse than 66.7% of 928
companies
in the REITs industry
Industry Median: 45.23
vs WBO:AMTG: 26.81
American Tower (WBO:AMTG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
American Tower Net Margin % Related Terms
American Tower Net Margin % Historical Data
* Premium members only.
The historical data trend for American Tower's Net Margin % 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.
WBO:AMTG vs EQIX, DLR, CCI: Net Margin % Comparison
For the REIT - Specialty subindustry, American Tower's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, American Tower's Net Margin % distribution charts can be found below:
* The bar in red indicates where American Tower's Net Margin % falls into.
* 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 (WBO:AMTG) has a Net Margin % of 31.40% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on American Tower and its competitors. This is 59% above median its historical median of 19.81. Over the past decade, American Tower's Net Margin % has ranged from 14.81 to 27.44. According to the industry distribution chart, American Tower ranks #619 out of 928 companies in the REITs industry, placing it in the top 66.7%.
Is American Tower's Net Margin % too high?
American Tower's current Net Margin % of 31.40% is 59% above median its 10-year median of 19.81. Over the past 10 years, this metric has ranged from a low of 14.81 to a high of 27.44. The REITs industry median Net Margin % is 45.23. American Tower's value of 31.40% is 30.6% below this industry median. Based on the distribution chart, American Tower ranks #619 out of 928 companies in the REITs industry, which is below the industry midpoint. 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 Net Margin % compare to EQIX and DLR?
According to the REITs industry distribution chart, American Tower ranks #619 out of 928 companies for Net Margin %. This places American Tower in the lower half of its industry. The industry median Net Margin % is 45.23. American Tower's value of 31.40% is 30.6% below this benchmark. Historically, American Tower's own Net Margin % has ranged from 14.81 to 27.44 over the past decade. While the company's 10-year median is 19.81 vs. the industry median of 45.23, American Tower has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Tower's current Net Margin % of 31.40% is 30.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on American Tower and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Tower's current Net Margin % is 31.40%, which is 59% above median its own 10-year median of 19.81. 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 Net Margin % of 31.40%. 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 Net Margin % is 31.40%, which is 59% above median its 10-year median of 19.81 and 30.6% below the REITs industry median of 45.23. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For American Tower (WBO:AMTG), the current Net Margin % is 31.40% 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:
Net Margin %: 31.40% (59% above median its 10-year median of 19.81)
GF Value™: €183.36 vs. price of €154.45 (15.8% below fair value)
Industry Position: 30.6% below the REITs median (#619 of 928)
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 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
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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