American TowerMEX:AMT -2.70%57 Pretax Margin % is 37.19% as of Mar. 2026, which is 68% above its 10-year median of 22.14. GuruFocus rates MEX:AMT with a GF Score™ of 57/100 and a GF Value™ of MXN3,658.64 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 928 REITs companies, American Tower ranks worse than 63.69% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. American Tower's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN18,359 Mil. American Tower's Revenue for the
three
months ended in Mar. 2026 was MXN49,365 Mil. Therefore, American Tower's pretax margin for the quarter that ended in Mar. 2026 was 37.19%.
The historical rank and industry rank for American Tower's Pretax Margin % or its related term are showing as below:
MEX:AMT'
s Pretax Margin % Range Over the Past 10 Years
Min: 15.27 Med: 22.14 Max: 35.79
Current: 31.84
MEX:AMT's Pretax Margin % is ranked worse than 63.69% of 928
companies
in the REITs industry
Industry Median: 46.675
vs MEX:AMT: 31.84
American Tower (MEX:AMT) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
American Tower Pretax Margin % Related Terms
American Tower Pretax Margin % Historical Data
* Premium members only.
The historical data trend for American Tower's Pretax 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.
MEX:AMT vs DLR, EQIX, IRM: Pretax Margin % Comparison
For the REIT - Specialty subindustry, American Tower's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, American Tower's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where American Tower's Pretax 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 (MEX:AMT) has a Pretax Margin % of 37.19% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on American Tower and its competitors. This is 68% above median its historical median of 22.14. Over the past decade, American Tower's Pretax Margin % has ranged from 15.27 to 35.79. According to the industry distribution chart, American Tower ranks #591 out of 928 companies in the REITs industry, placing it in the top 63.7%.
Is American Tower's Pretax Margin % too high?
American Tower's current Pretax Margin % of 37.19% is 68% above median its 10-year median of 22.14. Over the past 10 years, this metric has ranged from a low of 15.27 to a high of 35.79. The REITs industry median Pretax Margin % is 46.68. American Tower's value of 37.19% is 20.3% below this industry median. Based on the distribution chart, American Tower ranks #591 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, American Tower has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does American Tower's Pretax Margin % compare to DLR and EQIX?
According to the REITs industry distribution chart, American Tower ranks #591 out of 928 companies for Pretax Margin %. This places American Tower in the lower half of its industry. The industry median Pretax Margin % is 46.68. American Tower's value of 37.19% is 20.3% below this benchmark. Historically, American Tower's own Pretax Margin % has ranged from 15.27 to 35.79 over the past decade. While the company's 10-year median is 22.14 vs. the industry median of 46.68, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.68, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Tower's current Pretax Margin % of 37.19% is 20.3% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on American Tower and its competitors. For the REITs industry, the median Pretax Margin % is 46.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Tower's current Pretax Margin % is 37.19%, which is 68% above median its own 10-year median of 22.14. 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?
Based on GuruFocus' analysis, American Tower (MEX:AMT) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,658.64, compared to a current price of MXN2,887.13 — trading 21.1% below its estimated fair value. The current Pretax Margin % is 37.19%, which is 68% above median its 10-year median of 22.14 and 20.3% below the REITs industry median of 46.68. American Tower's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For American Tower (MEX:AMT), the current Pretax Margin % is 37.19% 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 (MEX:AMT) Overvalued in 2026?
Based on GuruFocus' analysis, American Tower stock appears to be undervalued.
The current stock price of MXN2,887.13 is trading 21.1% below its estimated GF Value™ of MXN3,658.64.
GuruFocus considers American Tower to be Modestly Undervalued.
Key valuation signals for MEX:AMT:
Pretax Margin %: 37.19% (68% above median its 10-year median of 22.14)
GF Value™: MXN3,658.64 vs. price of MXN2,887.13 (21.1% below fair value)
Industry Position: 20.3% below the REITs median (#591 of 928)
No single metric tells the full story. See the MEX:AMT 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.
57GF Score
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