AMTAmerican Tower

Real estate · REIT · NYSE

We are one of the largest global real estate investment trusts and a leading independent owner, operator and developer of multitenant communications real estate. 10-K, Item 1

Headquarters: Boston, MA
Next results: around Feb 23, 2027

Compare with peers → Embed

RevenueFY2016–25 $10.6B+5.1% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.5B+12.2% FY2024: $2.3B 10-K FY2025 · XBRL Free cash flowFY2016–25 $3.8B+2.2% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 45.5%+0.9 pts 32.0% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 25, 2025

Area	What changed	Source
Risk factors	21 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +20.4% vs revenue +5.1% (+15.3 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	2 open-market buys in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

Our business, results of operations and financial condition could be negatively impacted by disputes with our customers.
10-K, Item 1A

All 21 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +20.4% vs revenue +5.1% (+15.3 pts)
✓
Cash from operations $5.5B vs net income $2.6B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: F-2
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 20268-K Other events 8-K item 8.01
Oct 27, 20268-K Quarterly results 8-K item 2.02
Oct 27, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 22, 2026Buy Clarke Teresa Hillary (Director) bought $64K open-market purchase on Apr 28, 2023, reported 3 years late

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