American Tower Past Earnings Performance
Past criteria checks 1/6
American Tower has been growing earnings at an average annual rate of 1%, while the Specialized REITs industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 9.7% per year. American Tower's return on equity is 12.6%, and it has net margins of 13.3%.
Key information
1.0%
Earnings growth rate
-0.02%
EPS growth rate
| Specialized REITs Industry Growth | 11.2% |
| Revenue growth rate | 9.7% |
| Return on equity | 12.6% |
| Net Margin | 13.3% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How American Tower makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 11,144 | 1,483 | 993 | 0 |
| 30 Sep 23 | 11,063 | 715 | 965 | 0 |
| 30 Jun 23 | 10,915 | 967 | 964 | 0 |
| 31 Mar 23 | 10,818 | 1,390 | 942 | 0 |
| 31 Dec 22 | 10,711 | 1,766 | 972 | 0 |
| 30 Sep 22 | 10,451 | 2,903 | 964 | 0 |
| 30 Jun 22 | 10,234 | 2,786 | 939 | 0 |
| 31 Mar 22 | 9,859 | 2,634 | 923 | 0 |
| 31 Dec 21 | 9,357 | 2,568 | 812 | 0 |
| 30 Sep 21 | 9,034 | 2,479 | 792 | 0 |
| 30 Jun 21 | 8,593 | 2,221 | 762 | 0 |
| 31 Mar 21 | 8,207 | 1,921 | 744 | 0 |
| 31 Dec 20 | 8,042 | 1,691 | 779 | 0 |
| 30 Sep 20 | 7,843 | 1,888 | 762 | 0 |
| 30 Jun 20 | 7,783 | 1,922 | 774 | 0 |
| 31 Mar 20 | 7,760 | 1,905 | 750 | 0 |
| 31 Dec 19 | 7,580 | 1,888 | 730 | 0 |
| 30 Sep 19 | 7,789 | 1,603 | 743 | 0 |
| 30 Jun 19 | 7,620 | 1,471 | 733 | 0 |
| 31 Mar 19 | 7,512 | 1,349 | 726 | 0 |
| 31 Dec 18 | 7,440 | 1,227 | 733 | 0 |
| 30 Sep 18 | 7,013 | 1,169 | 712 | 0 |
| 30 Jun 18 | 6,908 | 1,101 | 682 | 0 |
| 31 Mar 18 | 6,790 | 1,138 | 677 | 0 |
| 31 Dec 17 | 6,664 | 1,152 | 637 | 0 |
| 30 Sep 17 | 6,499 | 1,134 | 604 | 0 |
| 30 Jun 17 | 6,333 | 1,074 | 588 | 0 |
| 31 Mar 17 | 6,113 | 890 | 573 | 0 |
| 31 Dec 16 | 5,786 | 849 | 543 | 0 |
| 30 Sep 16 | 5,526 | 853 | 548 | 0 |
| 30 Jun 16 | 5,249 | 691 | 532 | 0 |
| 31 Mar 16 | 4,981 | 660 | 510 | 0 |
| 31 Dec 15 | 4,772 | 595 | 498 | 0 |
| 30 Sep 15 | 4,538 | 558 | 486 | 0 |
| 30 Jun 15 | 4,338 | 681 | 480 | 0 |
| 31 Mar 15 | 4,195 | 782 | 463 | 0 |
| 31 Dec 14 | 4,100 | 801 | 447 | 0 |
| 30 Sep 14 | 3,996 | 732 | 434 | 0 |
| 30 Jun 14 | 3,765 | 713 | 423 | 0 |
| 31 Mar 14 | 3,543 | 582 | 424 | 0 |
| 31 Dec 13 | 3,361 | 551 | 416 | 0 |
| 30 Sep 13 | 3,188 | 587 | 388 | 0 |
| 30 Jun 13 | 3,093 | 639 | 372 | 0 |
Quality Earnings: A0T has a large one-off loss of $785.9M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: A0T's current net profit margins (13.3%) are lower than last year (16.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A0T's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: A0T's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: A0T had negative earnings growth (-16%) over the past year, making it difficult to compare to the Specialized REITs industry average (-6.7%).
Return on Equity
High ROE: A0T's Return on Equity (12.6%) is considered low.