AMT (American Tower) Selling, General, & Admin. Expense: $961 Mil (TTM As of Mar. 2026)


AMT American Tower Corp AMT
79 GF Score
Price $165.25
GF Value $207.36
Valuation Modestly Undervalued
! 5 Warning Signs
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What is American Tower Selling, General, & Admin. Expense?

American Tower AMT +1.94% 79 Selling, General, & Admin. Expense is $961 Mil as of Mar. 2026. GuruFocus rates AMT with a GF Score™ of 79/100 and a GF Value™ of $207.36 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. American Tower's selling, general, & admin. expense for the three months ended in Mar. 2026 was $257 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $961 Mil.


American Tower  (NYSE:AMT) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


American Tower Selling, General, & Admin. Expense Related Terms


American Tower Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for American Tower's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

American Tower Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 811.60 902.10 946.00 933.40 940.70

American Tower Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 237.50 233.70 233.00 236.50 257.40

AMT vs DLR, EQIX, IRM: Selling, General, & Admin. Expense Comparison

For the REIT - Specialty subindustry, American Tower's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, American Tower's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where American Tower's Selling, General, & Admin. Expense falls into.


AMT
79GF Score
American Tower Corp AMT
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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American Tower Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense 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 $961 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.

What does a Selling, General, & Admin. Expense of $961 Mil mean?
American Tower (AMT) has a Selling, General, & Admin. Expense of $961 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on American Tower and its competitors.
Is American Tower's Selling, General, & Admin. Expense too high?
American Tower's current Selling, General, & Admin. Expense is $961 Mil. Overall, American Tower has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does American Tower's Selling, General, & Admin. Expense compare to DLR and EQIX?
American Tower's Selling, General, & Admin. Expense of $961 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on American Tower and its competitors. American Tower's current Selling, General, & Admin. Expense is $961 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?
Based on GuruFocus' analysis, American Tower (AMT) is currently considered Modestly Undervalued. The stock's GF Value™ is $207.36, compared to a current price of $165.25 — trading 20.3% below its estimated fair value. The current Selling, General, & Admin. Expense is $961 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 Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For American Tower (AMT), the current Selling, General, & Admin. Expense is $961 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 (AMT) Overvalued in 2026?

Based on GuruFocus' analysis, American Tower stock appears to be undervalued. The current stock price of $165.25 is trading 20.3% below its estimated GF Value™ of $207.36. GuruFocus considers American Tower to be Modestly Undervalued.

Key valuation signals for AMT:

  • Selling, General, & Admin. Expense: $961 Mil
  • GF Value™: $207.36 vs. price of $165.25 (20.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the AMT 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 AMT

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$165.25
Price
$207.36
GF Value